Banking sector

When the remaking of India’s socialist financial landscape began in 1993, very few people believed in the project — some of the 40 applications to set up new private-sector banks were so frivolous that they were written on…

By Anto Antony   A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country.   Housing Development…

By Siddhi Nayak and Swati Bhat   The Reserve Bank of India (RBI) is looking to tighten scrutiny on the unsecured lending portfolios of banks amid the growing risk of potential defaults, four banking sources told Reuters. …

The account aggregators (AA) ecosystem is seeing increased adoption from various financial services players, and lenders including banks and non-banking finance companies (NBFCs) have disbursed Rs 6,000 crore of loans through AA-based…

Japanese technology investor SoftBank on Thursday informed the stock exchanges that it has sold 2.07 per per cent stake in One97 Communications Limited - the parent entity of fintech firm Paytm. This was done in a series of open market…

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 “As the regulator and supervisor, the RBI maintains a constant vigil... on individual banks with a view to maintain financial stability,” the central bank said. | Photo Credit: Reuters The Reserve Bank of India (RBI) on February 3 said as…

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