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Overland Advantage and Wells Fargo lead senior secured credit facilities to FFF enterprises, Inc.

Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo,...

Economic Survey: India’s GDP expected to grow between 6.3% and 6.8% in FY26

The Economic Survey of India 2024-25, presented on January 31, 2025, provides an in-depth assessment of the country’s economic performance and forecasts for the...

Intellect to assume digital banking operations of Central 1, Canada

Vancouver (BC), Toronto (ON), Chennai (India), January 23, 2025: Central 1 Credit Union (Central 1) and Intellect Design Arena Ltd. (Intellect) today announced the signing of an agreement in which...

HDFC Bank Reports Q3 FY25 Results: Net Profit Rises 2.2% YoY, over 8% steady growth In NII

India’s largest private sector lender, HDFC Bank, has announced its financial results for the third quarter of FY25, reporting a 2.2% year-on-year (YoY) increase...

RBI cancels Certificate of Registration of X10 Financial Services Limited due to irregular lending practices

The CoR has been cancelled by RBI as the company has violated RBI guidelines on code of conduct in outsourcing of financial services in...

RBI updates FEMA regulation to boost cross-border rupee transactions

To promote the increased use of the Indian Rupee (INR) in trade transactions, the Reserve Bank of India (RBI) introduced the Special Rupee Vostro...

RBI levies monetary penalties on 4 Co-operative Banks for breaching regulatory norms

Mumbai, December 30, 2024: The Reserve Bank of India (RBI) has imposed monetary penalties on four co-operative banks for non-compliance with regulatory norms. The...

RBI MPC Update: Repo rate likely to remain unchanged as inflation concerns take precedence

The Reserve Bank of India (RBI) is expected to maintain its key policy repo rate at 6.5% during the Monetary Policy Committee (MPC) meeting...

RBI imposes monetary penalty on The Sathamba People’s Co-operative Bank Ltd

The Reserve Bank of India (RBI) has, by an order dated November 05, 2024, imposed a monetary penalty of ₹50,000 (Rupees Fifty thousand only)...

Poland Boosts Support to the World Bank’s International Development Association, fund for low-income countries

The Government of Poland has pledged to increase its contribution to the World Bank’s IDA by 100% compared to its previous IDA contributions, demonstrating its...

Credit growth to moderate, asset quality pressure to rise: ICRA

Ratings agency ICRA anticipates the slew of regulatory measures and tighter funding conditions in the domestic markets to result in a steady slowdown in...

RBI keeps Repo Rate steady at 6.5%, shifts policy stance to “Neutral”

At the October 9, 2024, meeting of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), the central bank decided to keep the...
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Bybit: Smart money flows into ETH, SOL, and RWA-Concept Altcoins as stablecoin balances decline

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released a new Smart Money Report. The analysis focuses on institutions' and influential traders'...

Retail leads NSDL IPO with 100% bids as QIBs 50%; Day 1 Subscription 38%

The highly anticipated initial public offering (IPO) of National Securities Depository Limited (NSDL), valued at ₹4,012 crore, recorded a 159% subscription on its opening...

ICRA: AHFCs’ sector AUM to reach Rs. 2.5 trillion by FY2028

Rating agency ICRA projects retail mortgage-backed loans offered by non-banking financial companies (NBFCs) and housing finance companies (HFCs) to expand to Rs.20 trillion by...

The end of evergreening? RBI’s new AIF rules could reshape bank investment strategies

The RBI has implemented sweeping reforms to regulate investments by banks and financial institutions in Alternative Investment Funds, introducing stringent new norms that will...