Axis Bank CEO flags risks of slowing economic growth, says ‘not everything is ok’
Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry is watchful over consumer demand in the Indian economy and said expectations...
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BFSI
Bank of Baroda stops clearing payment for above-cap Russian oil
India's Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West...
Read moreRole of NBFCs in the growth of Micro, Small and Medium Enterprises (MSME) segment
Introduction Non-Banking Financial Companies (NBFCs) are also known as shadow banks. There are more than 9,500 NBFCs registered with Reserve...
Read moreAvanti Finance secures $24 mn equity funding from Rabo Partnerships, IDH Farmfit Fund
Bengaluru-based Avanti Finance has secured $24 million equity funding from Rabo Partnerships, the wholly owned subsidiary of the Rabobank Group...
Read moreBank NPAs to improve to decadal low of 3.8pc by FY24-end: Crisil
Banks' gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24,...
Read moreAxis Bank launches business management solution for merchants
Axis Bank in partnership with Visa on Monday launched an app that will empower merchants to accept payments through various...
Read moreSBI’s UPI, net banking services suffer due to server outage, users complain
The State Bank of India's (SBI) UPI and net banking services were affected after the bank's server reportedly faced an...
Read moreHDFC Bank records loan growth of 17% at end of March
Private sector lender HDFC Bank on Monday said it has recorded a 16.9 per cent increase in credit growth at...
Read moreLIC, GIC Re, New India remain Domestic Systemically Important Insurers, says Irdai
Regulator Irdai on Friday said Life Insurance Corporation of India, General Insurance Corporation of India, and New India Assurance Co...
Read moreIL&FS Group makes interim distribution payout of Rs 29,000 crore to secured creditors
The IL&FS Group has so far paid back Rs 29,000 crore to the secured creditors, with the latest being an...
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