Category: Banking & Financial Services

RBI cancels licence of 78 UCBs since 2014; highest in Maharashtra

The Reserve Bank of India (RBI) has cancelled the licenses of 78 Urban Cooperative Banks (UCBs) since calendar year 2014, of

Alternative lending platform BlackSoil has disbursed over ₹220 crore in Q1 FY25, said a statement from the company. The company

The Reserve Bank of India (RBI) has approved the re-appointment of Inderjit Camotra as MD and CEO of Unity Small

Tamilnad Mercantile Bank (TMB) has reported a 10 per cent rise in its net profit at ₹287 crore for the June 2024 quarter when

LIC Housing Finance’s (LICHFL) first-quarter net dipped slightly to ₹1,300 crore, weighed down by a dip in net interest income

The Reserve Bank of India (RBI) on Friday issued revised instructions on Bad and Doubtful Debt Reserve (BDDR) for co-operative

The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on HDFC Life Insurance

Underinvestment by Indian Banks in IT has led to outdated core systems that struggle with scalability, flexibility, and resilience, according

In view of increasing incidents of investment frauds, HDFC Bank has advised its customers to be cautious about fraudulent trading

Exclusion of new issuances of 14-year and 30-year government securities (G-Secs) from the Fully Accessible Route (FAR) after the inclusion