PNB Housing Finance targets margin expansion and retail growth amid strategic shift

The company is guiding for stable net interest margins (NIM) of 3.63.65% in FY26, despite a declining interest rate environment.

Microfinance stress triggers record fall in group credit life insurance cover in FY25

The number of lives covered under group life policies by the top four private life insurersSBI Life, HDFC Life, ICICI Prudential Life, and Bajaj Al...

What do RBI's new project finance norms mean for infra, real estate lending

The changes are intended to make long-term project lending, particularly in infrastructure and real estate, more viable by easing provisioning require...

RBL Bank aims to widen interest margin from retail assets; to start commercial vehicle financing

The increase in NIMs, which is being targeted at a time when the entire industry is facing challenges on this front, will be achieved while maintainin...

J&K Bank appoints Ketan Kumar Joshi as new CFO

Jammu and Kashmir Bank has appointed Ketan Kumar Joshi as its new chief financial officer for a three-year term, replacing Fayaz Ahmad Ganai. Joshi br...

RBI rate cut to support growth; when credit offtake rises, so will deposits: Axis Bank CEO Amitabh Chaudhry

Amitabh Chaudhry of Axis Bank believes India's growth remains strong despite global issues. He anticipates increased credit demand following rate cuts...

Both MD & ED of Karnataka Bank resign

Karnataka Bank's MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their a...

Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses

The finance ministry is encouraging public sector banks (PSBs) to list their subsidiaries on stock exchanges after boosting their operations. About 15...

HDB Fin's IPO subscribed 17x, most in 4 years

The IPO segment of the market is back to its glory days again. On Friday, the Rs 12,500-crore maiden offer for HDB Financial, an arm of HDFC Bank, was...

Shriram Life Insurance Partners with Muthoot Mercantile to Expand Insurance Distribution Network

Thiruvananthapuram (Kerala) [India], Shriram Life Insurance Company Limited (SLIC) is proud to announce a strategic partnership with Muthoot Mercantil...

ET Exclusive: Atmanirbhar Bharat has shown what it can do in defenceit is beyond success, says Nirmala Sitharaman

India's economy is currently experiencing a 'Goldilocks' moment, with positive macroeconomic indicators and promising growth across various sectors. T...

Reforms express to run nonstop as FM Sitharaman backs GST, tax and banking overhauls

FM Nirmala Sitharaman has asserted India Inc's increasing investments and stable urban consumption, highlighting the government's commitment to econom...

Govt building e-commerce export hubs to empower MSMEs

The government is laying the foundation for a next-generation export ecosystem -- one that is digital-first, logistics-enabled and MSME-inclusive, Moi...

Private consumption share in India's GDP at two-decade high: Finance Ministry

India's private consumption achieves a two-decade high, boosting GDP. The Finance Ministry reports a rise in private consumption to 61.4 percent in FY...

India in 'goldilocks' zone, but external shocks remain a risk: Finance ministry

In its monthly economic review for May, the ministry, however, cautioned against external challenges that could potentially impact India's growth traj...