Latest Updates Around The World
If banking becomes “always-on”, supervision cannot remain episodic even as the focus shifts from “industry and product” to “pipes and code,” said RBI Deputy Governor Swaminathan J. In the context where banking is becoming increasingly digital, connected and complex, there is a need for on-site and off-site (supervisory) teams to work more closely, pick up […]
Deutsche Bank AG’s Indian retail assets and asset management business have received binding bids from Kotak Mahindra Bank Ltd. and Federal Bank Ltd., according to people familiar with the matter, as local lenders capitalize on opportunities from foreign players trying to exit the crowded banking market. The suitors are in advanced talks with Deutsche Bank […]
Kotak Mahindra Bank on Monday announced the appointment of Anup Kumar Saha, former director of Bajaj Finance, as head of consumer banking | Photo credit: Kotak Mahindra Bank on Monday announced that former Bajaj Finance managing director Anup Kumar Saha will oversee the consumer banking sector. Saha has been appointed full-time director, subject to regulatory […]
Deposits and advances have expanded manifold over two decades (FY05-FY25), with deposits and advances increasing from ₹18.4 lakh crore to ₹241.5 lakh crore and from ₹11.5 lakh crore to ₹191.2 lakh crore respectively, indicating scaling up of the banking system, according to an Economic Research Department (ERD) report from SBI. However, the speed of expansion […]
Team of consulting auditors checking company financial report data (balance sheet, profit and loss account) on computer screen with business graphs, fintech | Photo credit: NicoElNino The Reserve Bank of India is likely to release its updated list of upper tier non-banking financial companies (NBFCs) by mid-2026, sources say, and may add large NBFCs, promoted […]
The top 15-20 NBFC-MFIs account for about 85 percent of the portfolio of NBFC-MFIs | Photo credit: Getty Images With just 20 days to go for the Union Budget, small and medium NBFC-MFIs (non-banking finance companies – microfinance institutions) are hoping that a credit guarantee scheme – mooted by industry bodies last year to encourage […]
Much RRSP advice follows a similar script. Contribute as you go, convert to a RRIF at 71, withdraw the minimum and hope for the best. But retirement planning is where the interesting things actually happen. With a little flexibility and good timing, RRSPs can be used in ways that soften taxes, improve cash flow, and […]
A downgrade in Shriram Finance’s rating is unlikely in the next twelve to eighteen months Global rating agency Moody’s on January 9 changed Shriram Finance’s rating outlook to ‘positive’ from ‘stable’ and affirmed the long-term credit rating (CFR) of Ba1 for the non-banking finance company (NBFC), citing the strategic advantages the company will have due […]
ICICI Lombard General Insurance Company on Saturday said it has initiated an internal investigation into a designated individual for inadvertently uploading certain information relating to an unaudited preliminary financial results of the company for the quarter and nine months ended December 31, 2025, on WhatsApp personal status on January 9, 2026, at around 5:44 pm. […]
PhonePe Payment Gateway (PhonePe PG) on Saturday announced the launch of ‘PhonePe PG Bolt’ for Visa and Mastercard credit and debit card transactions. The solution uses device tokenization to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners. According to the company, this feature allows users to tokenize their […]
