Starting June 1, the Reserve Bank of India’s new rules on credit cards will come into play. These rules are aimed at making credit card ownership safer for consumers. The rules address common gr...

New signboards are often visible, advertising the names of small finance banks. Promoters with 10-year experience in banking and finance of pre-existing, non-banking finance companies, micro-finance i...

KPMG’s forensic audit into the books of city based NBFC companies — Srei Infrastructure Finance and Srei Equipment Finance — has come under the scanner for not factoring in the erstw...

The Shriram group on Monday announced the much awaited restructuring of its operations as it strives to become the No. 1 NBFC in the country with assets under management (AUM) of Rs 1.5 lakh crore. U...

The Srei group’s decision to proactively move to NCLT in a bid to recast debt and repay creditors in retrospect could have irked the bankers and prompted the Reserve Bank of India to trigger its...

A whistleblower has alleged that HDFC Bank has levied processing fees on customers who had submitted forged or suspected documents to get loans — instead of reporting them to the authorities. T...

The government on Tuesday again urged investors to check the antecedents of Nidhi companies before putting in their money, as at least 348 entities have failed to meet the criteria to be declared as N...

Five out of the eight initial public offers (IPOs) which mopped up Rs 13,857.07 crore in August are trading below their issue prices,  raising concerns if the big party around public issues is ov...

The Bandhan Bank scrip surged on the bourses on Monday on the back of an announcement by the Assam government last Friday to offer a relief package to bail out small-loan borrowers in the northeastern...

Non-bank microfinance companies (NBFC-MFI), which constitute 30.8 per cent of the overall microfinance credit portfolio, expect a level playing field with banks and small finance banks if the proposed...