Credit gap: Do algorithms deny loans to women borrowers? Explains CEO of Women' World Banking

There has been debate about low numbers of women borrowers but in reality , women borrowers are not as lucky as men when it comes to credit. Because t...

RBI proposes ban on foreclosure charges for floating rate loans to individuals, MSEs

For floating rate loans availed by individuals and MSEs for business purposes, banksexcept Tier-I and Tier-II primary (urban) co-operative banks an...

Gold leasing prices surge as banks redirect the precious metal to US

Indian vaults are nearly empty as banks have redirected gold to the US, where it fetches a premium, instead of returning it to India.

Outward remittances see a spike of 19 % in Dec '24

In December 2024, outward remittances see a sharp rise of 19%, majorly driven by a 109% month-on-month growth in investment in equity & debt, as per ...

Cooperative banks need to adopt new technologies for progress: Amit Shah

Union Home Minister Amit Shah on Saturday called upon the cooperative banks to adopt new technologies for progress.

SBI aims to be Net-Zero by 2055: Chairman C S Setty

State Bank of India Chairman C S Setty announced the bank's goal to achieve Net-Zero emissions by 2055. The announcement coincided with the launch of ...

Bank of Maharashtra slashes interest rate on retail loan by 25 bps

Bank of Maharashtra has reduced interest rates on retail loans by 25 basis points, with home loans now at 8.10% and car loans at 8.45%. Additionally, ...

'Rising temperature may increase probability of default in 30% of agri loan portfolio by 2030'

Rising temperatures and climate change may increase default risks in 30% of agricultural and housing loans in the next five years, according to a BCG ...

Niva Bupa Health Insurance reports cyber threat; initiates probe

"We have received communication(s) from an anonymous sender. The Threat Actor via email, claims to have the customer data of Niva Bupa," the company s...

Tata Cap board to look at potential fund-raise

Tata Capital requires consistent capital infusion to support its growth rate of 20-25%, and the rights issue aims to fulfill this requirement, said a ...

India forex reserves snap three-week gains; decline USD 2.5 billion in latest week

India's foreign exchange reserves slumped in the week that ended on February 14, reversing the gains it had extended in the past three weeks.

RBI curbs show effect; personal loan growth moderates in Q3

Personal loan growth slowed to 13.7% by December 2024 from 15.2% in September due to regulatory warnings. Total bank credit growth also decelerated, t...

Former RBI Guv Shaktikanta Das appointed Principal Secretary-2 to PM Modi

Shaktikanta Das, former RBI Governor, appointed as Principal Secretary-2 to PM Modi. The 67-year-old ex-bureaucrat, who served six years at RBI, takes...