The definition of micro, small and medium enterprises (MSME) was changed to allow for relatively bigger companies to avail the benefits of cheaper and priority

State Bank of India, Union Bank of India and IndusInd Bank have already declared DHFL a fraud account.

The bank has reserved a portion of up to Rs 200 crore for employees in the forthcoming FPO, where a discount of Rs 1 per equity share will be given to the eligible employees

As per market sources, 27 institutions bid for the FPO, including LIC, State Bank of India and Punjab National Bank. The retail portion, however, could only get bids for 47%.

As per experts, RBI is yet to clarify on the type of personal loans that are eligible under this recast that aims to cushion the pandemic's blow on struggling businesses and households. Veteran banker Sanjay Thakur, who heads strategy at one of India's leading…

Indian banks, especially those in the public sector category controlling two-third of the sector's loan assets, have turned risk averse following a spate of large defaults by private sector promoters and entrepreneurs. This has adversely impacted investment…

Under cash flow-based lending, banks extend credit to companies considering their future sales projection; it is one of the relief measures MSMEs have sought amid coronavirus crisis

Former Lakshmi Vilas Bank Vice President Pradeep Kumar has been accused of abusing his position to conspire and misappropriate funds worth Rs 791 crore

The Rs 500 crore IPO by Equitas Small Finance Bank (ESFB) will open for subscription on Tuesday. Here's all you must know about the issue before subscribing: IPO alert

The RBI had superseded LVB's board on November 17 after the private sector lender was placed under a 30-day moratorium restricting cash withdrawals at Rs 25,000 per depositor.

Netflix’s documentary ‘Bad Boy Billionaires’ related the lives and scandals of Vijay Mallya, Nirav Modi and Subrata Roy. All three businessmen had political contacts or illegal means of accessing thousands of crores of bank finance....

The cash component of the recovery would be 84-85 per cent, while the rest will be paid by issuing optionally convertible preference shares

Transstroy India, the Hyderabad-based infrastructure company has come under the Central Bureau of Investigation (CBI) scanner over allegations of fraud and involving lending by a consortium of banks.

Debt-ridden mortgage lender DHFL Ltd on Sunday said the Committee of Creditors (CoC) has approved resolution plan submitted by Piramal Capital and Housing Finance Limited

This would lead of IIHL shoring up additional equity of 1.7 per cent in IndusInd Bank thereby bringing promoter equity to 15 per cent on diluted basis

Analysts said it remains to be seen if the cost of refunding compound interest on loans of over Rs 2 crore will be compensated by the government, as was the case earlier or will it be absorbed by the banks themselves.

It said the proposed quantum of capital infusion varies between 11 per cent and 44 per cent of the tier-I capital of the respective PSBs as of third quarter of the financial year 2020-21.

The Mswipe credit score will be available for industry partners to offer credit solutions to MSMEs who have been impacted due to Covid induced lockdowns amid the second wave of the pandemic.

From disrupters to partners, the Fintech-bank relationship has come a long way. What is the next level of this partnership?

In April, the private sector lender had said that its board had approved capital raise proposal up to Rs 35,000 crore by issuing various debt instruments in Indian or foreign currency in domestic/overseas markets in one or more tranches