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RBI may act against more NBFCs to check obscure lending practices: Morgan
Updated : 1 year, 5 months ago IST
Reserve Bank of India's (RBI) Thursday action against four NBFCs and asking them to cease and desist from making new loan sanctions and disbursements, a report by Morgan Stanley suggests more lending companies might face similar scrutiny.
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BD Security Limited Files DRHP On NSE Emerge For IPO
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], October 18: BD Security Limited (BDS, The company), one of the leading providers of security services & Telecom O&M, has announced its plans to enter the primary market with an IPO. The company has filed its Draft Red Herring Prospectus with NSE Emerge i
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'Har Ghar Jal' scheme boosts female workforce in agriculture and allied ac
Updated : 1 year, 5 months ago IST
India's 9 crore females' workforce participation increased because of the 'Har ghar Ja'l initiative by the central government, highlighted a report by the State Bank of India (SBI).
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Sharjah Islamic Bank's profit before tax increased by 29 pc for nine-month
Updated : 1 year, 5 months ago IST
Sharjah Islamic Bank (SIB) announced an increase in its profit before tax by 29 per cent, amounting to AED 992.1 million for the first nine months of 2024, compared to AED 767.3 million for the same period of the previous year, whereas, net profit after tax amounted AED 902.5 million or the
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RBI takes action against 4 NBFCs over excessive interest rates, non-compli
Updated : 1 year, 5 months ago IST
According to RBI, Asirvad Micro Finance Limited (Chennai), Arohan Financial Services Limited (Kolkata), DMI Finance Private Limited (New Delhi), and Navi Finserv Limited (Bengaluru) were directed to cease and desist from sanction and disbursal of loans, effective from close of business of Oc
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The Future of Savings Accounts: Trends and Innovations
Updated : 1 year, 5 months ago IST
New Delhi [India], October 17: The traditional savings account is undergoing significant transformation almost every day. Driven by technological advancements, changing consumer expectations, and regulatory shifts, the future of savings accounts looks very different from a decade ago. For ma
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Gold soars to record Rs76,899 per 10 grams amid global tensions and Fed ra
Updated : 1 year, 5 months ago IST
Experts say the surge in gold prices came amid a confluence of factors, including major central banks' dovish outlooks, slightly lower bond yields, and heightened geopolitical tensions.
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YES SECURITIES Aims to Boost Income of 800 Farmers via CSR Initiative
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], October 17: YES SECURITIES, a leading financial services firm, has laid the groundwork for a pulses unit through its implementing partner - YES FOUNDATION in Barwani district, Madhya Pradesh, as part of its ongoing Corporate Social Responsibility (CSR) initiativ
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High prices of imported crude, gold, and chemicals contributed to high inf
Updated : 1 year, 5 months ago IST
India's imported inflation reached a 13-month high in September 2024, growing by 2 per cent, according to a report by the State Bank of India (SBI).
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Uttarakhand govt signs MOUs with different banks to provide benefits to go
Updated : 1 year, 5 months ago IST
In the presence of Chief Minister Pushkar Singh Dhami and Finance Minister Premchand Aggarwal, State Bank of India, Bank of Baroda, Union Bank of India, Canara Bank and District Cooperative Bank signed an MoU with the Uttarakhand government.
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Even with potential cut in repo rate, bank deposit rates unlikely to be lo
Updated : 1 year, 5 months ago IST
A research report highlighted that even if the Reserve Bank of India (RBI) announces a rate cut, deposit costs in the banking system are expected to remain high due to the prevailing high credit-to-deposit ratio.
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The Super Stylish TECNO POP 9 5G Back on Sale with Festive Offers at Just
Updated : 1 year, 5 months ago IST
New Delhi [India], October 16: Following a successful launch, the TECNO POP 9 5G returns with an exciting festive offer, just in time for the celebrations. Making 5G technology more accessible, the POP 9 5G also features a 48MP Sony AI camera and segment-first innovations like 5G with NFC. T
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