The Reserve Bank of India has rejected Tata Sons' application to surrender its registration as a non-banking financial company, forcing the group's holding company toward a mandatory public listing. In a letter…
Thrissur-based ESAF Small Finance Bank plans to go live with Credit Line on UPI (CLOU) by the first quarter of fiscal 2028, Executive Director George Kalaparambil John told ETBFSI. The bank has…
Fino Payments Bank has extended the tenure of interim CEO Ketan Merchant by three months from August 27, 2026, subject to RBI approval. The decision was taken by the board's Nomination and…
Fintech aggregators are changing how customers discover and compare gold loan options, even though the final transaction still requires physical collateral verification. Borrowers now research products online, compare borrowing costs, and evaluate…
Artificial intelligence and machine learning could drive the next phase of efficiency and productivity gains in India's banking sector, according to a working paper by the Economic Advisory Council to the Prime…
Private credit, loans from non-bank lenders, has grown rapidly to $25-30 billion in assets under management, with most wealth managers now offering the product. EY India data shows 166 private credit transactions…
Public sector banks (PSBs) have recorded higher technical efficiency than private banks for the first time in years, according to a working paper by the Economic Advisory Council to the Prime Minister…
PNB Housing Finance expects to cross Rs 1 lakh crore in assets under management in the third quarter of FY27, up from the current Rs 93,000 crore, managing director Ajai Shukla said…
Indian banks posted a net profit of Rs 1.05 lakh crore in Q1FY27, their third consecutive quarter above the Rs 1 lakh crore mark, with aggregate profit rising 14.6% year-on-year. But earnings…
The government will auction a re-issue of the 6.94% Government Security maturing in 2036 for Rs 34,000 crore on August 28, 2026. The auction will be conducted by the Reserve Bank of…
