The Reserve Bank of India has imposed monetary penalties on three Non-Banking Financial Companies for non-compliance with directions of RBI on housing finance companies.
Indian stock indices took a sharp hit Friday, the last trading day of the current week, with all sectoral indices closing deep in the red. The sell-off was broad-based, with the banking and energy sectors taking the biggest hit.
M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, said today, "All of us are aware that India's robust banking system is getting ready to meet the needs of Viksit Bharat."
Despite the robust current state of India's banking system--characterized by high profitability, strong capital adequacy, and low non-performing assets (NPAs)--the sector faces challenges and opportunities to sustain its growth and support national economic ambitions.
Mumbai (Maharashtra) [India], September 5: Onsurity has partnered with DBS Bank India to offer CyberSure, a comprehensive cyber protection plan tailored for owners of Small and Medium Enterprises (SMEs) across India.
RBI Governor Shaktikanta Das stated that the rural demand of the Indian economy has picked up as the private consumption and investment expanded in the latest quarter GDP numbers.
Mumbai (Maharashtra) [India], September 4: HDB Financial Services (HDBFS), a leading non-banking financial company (NBFC), has set a new industry benchmark by becoming the first to integrate the National Payments Corporation of India (NPCI)'s e-KYC Setu System. This cutting-edge system, deve
Mumbai (Maharashtra) [India], September 4: SMFG India Credit Co. Ltd., a prominent player in India's Non-Banking Financial Company (NBFC) sector, proudly announces the opening of its 1000th branch, located in Vashi, Navi Mumbai. This landmark event underscores the company's unwavering commit
Mumbai (Maharashtra) [India], September 3: CNBC-TV18 in partnership with Nucleus Software hosted the second edition of the 'Banking Transformation Summit' on Friday, bringing together banking professionals, policymakers, and finance experts under one roof. This year's theme, 'Bharat's Bankin
London [UK], September 3: TerraPay, a leading global money movement company, proudly announces the appointment of Ralph Koker as the Global Head of Products. Ralph joins TerraPay with over two decades of experience and expertise in product strategy and development within the financial servic
As the race to the Ultimate Table Tennis 2024 heats up, former champions Chennai Lions will be banking on World Number 38 Achanta Sharath Kamal's experience to pull them back into contention for the top four when the tournament hosts take on Puneri Paltan Table Tennis in their final league s
London [UK], September 2: Global Brands Magazine (GBM), a premier brand publication and research company based in London, is pleased to announce that submissions are now open for the prestigious Global Brand Awards 2024. These awards celebrate the remarkable achievements of companies and lea