financial institutions

Mumbai, April 10 Hyatt Hotels, which has 55 properties and 10,500 keys in India, is actively exploring opportunities to introduce its The Standard and UrCove brands and is considering acquisitions in partnership with financial institutions and developers."We have 36 brands globally, of which...

New Delhi, April 9 The resolution of insolvency cases in the real estate sector should adopt a project-centric approach to ensure timely project completion, rather than prioritizing financial recovery, according to a panel set up by the insolvency regulator.The committee, established by the...

The Reserve Bank of India has asked banks to expedite cross-border payments. In guidelines issued today, the RBI stated that it has observed that several banks rely on end-of-day statements of the nostro account to confirm and reconcile receipts in the nostro accounts, resulting in a delay in...

New Delhi, April 9 – To combat cyber frauds and financial crimes, the Indian Cybercrime Coordination Centre (I4C), under the Union Home Ministry, signed a Memorandum of Understanding (MoU) with the Financial Intelligence Unit-India (FIU-IND), under the Finance Ministry, to enhance information...

New Delhi, April 9 The Financial Intelligence Unit-India (FIU-IND) and the Indian Cyber Crime Coordination Centre (I4C) signed an agreement on Thursday to enhance information sharing and strengthen India's fight against cyber fraud and financial crimes.The Memorandum of Understanding (MoU)...

Washington, April 9 – A White House economic study has found that banning interest on stablecoins would do little to increase bank lending, challenging a central argument made by traditional banks in the debate over digital assets.The analysis by the Council of Economic Advisers (CEA) shows...

Mumbai, April 8 The Reserve Bank said on Wednesday that the minutes of HDFC Bank's board meeting and other records are reviewed as part of the supervisory exercise, and reiterated that the largest private sector lender has not been found wanting in terms of ethics and governance."I would like...

New Delhi, April 8 Prime Minister Narendra Modi on Wednesday said the PM Mudra Yojana has strengthened the entrepreneurial spirit across India by removing barriers and trusting the aspirations of the people.On the 11th anniversary of the PM Mudra Yojana, Modi said the scheme has redefined...

New Delhi, April 8 Finance Minister Nirmala Sitharaman said on Wednesday that the Pradhan Mantri MUDRA Yojana, which focuses on funding the unserved, will continue to empower entrepreneurs to become active participants in the nation's journey to become Viksit Bharat by 2047.On the occasion of...

Mumbai, April 8 The Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, lower than the 7.6 per cent estimated for 2025-26, driven by concerns over elevated commodity prices and supply chain disruptions originating from the West Asia crisis.Unveiling the...

New Delhi, April 6 The Central Bureau of Investigation (CBI) is investigating a series of bank loan frauds, totaling approximately Rs 73,000 crore, in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February.The CBI...

New Delhi, April 3 The Reserve Bank of India (RBI) has granted approval to Dubai-based Emirates NBD Bank to acquire up to 74% stake in RBL Bank, paving the way for the bank to become a foreign lender.The approval from the RBI came on April 1, with a validity of one year, RBL Bank said in a...

Mumbai, April 1 Amid the West Asia conflict, domestic rating agency Crisil on Wednesday estimated that banks' credit growth would moderate marginally in FY27 and delinquencies would rise.The banking system is expected to report a 13 per cent credit growth in 2026-27, a marginal dip compared to...

Mumbai, March 30 The Reserve Bank of India on Monday deferred the implementation of acquisition finance guidelines by another three months to July 1 this year, following feedback from stakeholders.The central bank stated that it has also revised the "Amendment Directions on Capital Market...

New Delhi, March 25 The market regulator, Sebi, on Wednesday deferred the implementation of guidelines allowing mutual funds to borrow intraday from financial institutions, including banks, to July 15.The framework was originally scheduled to come into effect on April 1."In order to address...

New Delhi, March 24 HDFC Bank has appointed external law firms to independently examine the issues highlighted in the resignation letter by Atanu Chakraborty as a proactive step to ensure an objective and fact-based assessment.The bank's spokesperson said that appointing external law firms is...

New Delhi, March 23 – The Supreme Court on Monday stressed the need for a coordinated, fair, and time-bound investigation into alleged large-scale bank fraud linked to Anil Ambani’s Reliance Communications (RCom) and its group entities.A bench, headed by Chief Justice of India (CJI) Surya...

New Delhi, March 21 The CBI on Saturday questioned two former group managing directors of Reliance ADA Group in connection with an alleged bank fraud of Rs 2,929.05 crore involving Reliance Communications Ltd and Anil Ambani, officials said.In a separate case, the agency questioned Sanjay...

Mumbai, March 20 The government on Friday approved a limited-period Rs 20,000-crore credit guarantee scheme to aid microfinance institutions (MFIs), which have been complaining about difficulties in accessing funds.The Credit Guarantee Scheme for Microfinance Institutions- 2.0 (CGSMFI-2.0)...

JAMMU, MARCH 18: Commissioner Secretary, Cooperatives, Yasha Mudgal, chaired a meeting at the Civil Secretariat to review the operational status and liquidation roadmap of the Jammu & Kashmir State Cooperative Agriculture and Rural Development Bank (J&KSCARD Bank).Officials, including...