Banking & Finance

Silicon Valley Bank is largest failure since financial crisis, billions stranded Some analysts forecast more pain for the sector as the episode spread concern about hidden risks in the banking sector and its vulnerability to the rising…

NFO Alert: Axis MF launches Axis Business Cycles Fund; all you need to know Axis Mutual Fund announced the launch of the Axis Business Cycles Fund, an open-ended equity scheme investing predominantly in equity and equity-related…

Rs 798-cr aid to bailout Cooperative Agriculture Development Bank in Punjab CHANDIGARH: Releasing another financial assistance of Rs 85 crore to bailout the Punjab State Cooperative Agriculture Development Bank Limited, Pnjab…

How JP Morgan India is aiming to increase its market share in the country's banking landscape J.P. Morgan India is building scale to get cost benefits and further increase its market share Meaningful market share. Benefits of…

HDFC Chairman Deepak Parekh: Never been more optimistic about India Deepak Parekh says that with political stability, policy stability, food security, and vaccine security, India has more tailwinds than headwinds in a…

Business Today to hold Banking & Economy Summit, and the glittering BT-KPMG Best Banks Awards Union Minister Nitin Gadkari, Minister of State for Ministry of Finance Bhagwat Kishanrao Karad, RBI Governor Shaktikanta Das,…

Citibank India CEO calls selling consumer business to Axis an 'emotionally difficult decision' Citibank India sold its consumer business to Axis Bank in a $1.6-billion deal last year. While it weighed hard on the emotions, CEO…

Small business loans & merchant OD facility helped Equitas SFB loan growth: CEO Synopsis “We do not expect our risk profile of the portfolio to change pre Covid and post Covid. Also pre Covid, our average annual credit cost…

Price Stability Top Priority For South Asia: RBI Governor Shaktikanta Das ‘Approach to disinflation’ needs to consider risks to growth outlook, says Shaktikanta Das Consistently high inflation may pose risks to economic growth…

Model agreement soon to govern business correspondents Business correspondents are essentially retail agents who are engaged by banks to provide banking services at locations other than a bank branch or ATM, mostly in rural…