HDFC Bank will launch co-branded credit cards along with Paytm. This marks the first aggressive alliance struck by the lender after Reserve Bank of India lifted the ban imposed last year on the bank b...

The so-called ‘bad bank’ is ready to get off the ground. Last week, the Centre said it would provide guarantees worth Rs 30.6 billion that will buttress the security receipts that the Nati...

A senior US trade official privately criticised India’s July decision to ban Mastercard Inc from issuing new cards, calling it a “draconian” move that caused “panic”, acc...

RBI deputy governor Michael D Patra on Thursday defended the asymmetric cuts in the repo and the reverse repo rate, saying that a sharper reduction in the latter allowed companies and the government t...

Finance minister Nirmala Sitharaman on Thursday said the government would provide Rs 30,600 crore guarantee to the newly formed National Asset Reconstruction Company Limited (NARCL) or the bad bank.&n...

India and Singapore are linking their respective fast payment systems — Unified Payments Interface (UPI) and PayNow — in a move that will boost remittances between the two nations. The st...

The State Bank of India has revised its base rate to 7.45 per cent and benchmark prime lending rate to 12.20 per cent. The new rates come into effect from Wednesday (September 15, 2021). According to...

The rise of Indian unicorns — start-ups that reach $1 billion in valuation — has raised hopes of innovation and entrepreneurship-driven growth at a time when Covid-19 has caused much damag...

RBI Governor Shaktikanta Das on Thursday said many fast indicators are showing an uptick in economic activity and the Reserve Bank is quite optimistic about its 9.5 per cent GDP growth estimate for FY...

The Reserve Bank of India has decided to take Uco Bank out of the prompt corrective action (PCA) framework. The move announced by the regulator on Wednesday comes on the back of an improved performanc...