Banking

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

the financial - 25 April, 2025

RIYADH: Saudi utility giant ACWA Power has secured an SR750 million ($119 million) Shariah-compliant term loan facility from Alinma Bank to fund its new...

SaaS startups raise AI budgets, go slow on hiring amid technology shift

the financial - 25 April, 2025

From lean teams to smarter tools — AI is reshaping how SaaS startups scale, spend, and staff. As the post-pandemic software-as-a-service (SaaS) landscape stabilizes, a...

Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

the financial - 24 April, 2025

Backed by Ranjan Pai's family office Claypond Capital and SIDBI's Fund of Funds for Startups, the fund is led by former Premji Invest and...

Banking

EPFO auto settlement limit to be increased to Rs 5 lakh: Check key details before advance withdrawal

the financial - 4 April, 2025

The Employees' Provident Fund Organisation (EPFO) is expected to increase the auto-settlement of advance claims (ASAC) limit by fivefold, from Rs 1 lakh to...

Banking

Income tax cuts, RBI’s repo rate reduction and more: Here’s how April will impact your wallets

the financial - 4 April, 2025

With a host of financial changes set to take effect in April here's a quick guide to the developments that are bound to affect...

Banking

IndusInd Bank shares rise 3.5% as lender likely hires headhunter to scout for new CEO

the financial - 27 March, 2025

Egon Zehnder is likely to be responsible for identifying CEO and deputy CEO candidates, the mandate to find two executive directors and the business...

Banking

Goldman Sachs’ top 10 India picks: HDFC Bank, Titan, M&M among key bets

the financial - 26 March, 2025

Goldman Sachs chose 10 stocks for its top bets across financials, consumer, industrials, and clean energy sectors, expecting strong growth and good returns. Goldman Sachs...

Banking

All is well? Days after derivatives loss, IndusInd Bank raises Rs 11,000 crore CDs to boost liquidity

the financial - 23 March, 2025

The new liquidity measure comes days after the Reserve Bank of India said that the country’s fifth largest private bank has satisfactory level of...

Banking

How Saudi banks’ solid risk management counters liquidity pressures

the financial - 19 March, 2025

Banks maintained profitability despite rising funding costs, fueled by intensified deposit competition and increased reliance on external borrowing Alvarez & Marsal highlighted strong credit quality...

Banking

IndusInd Bank: RBI stepped in after lender delayed provisioning by a year, says report

the financial - 12 March, 2025

The stock crashed over 27 percent on March 11 after the bank said it found some discrepancies in its forex derivative portfolio, which could...

Banking

Secured Loan Explained: How it works and other key details

the financial - 7 March, 2025

A loan is a financial tool that allows individuals or businesses to borrow money for various needs, such as buying a home, funding education,...

Banking

No More Foreclosure Charges? Check RBI’s Proposal on Floating-Rate Loans

the financial - 7 March, 2025

The Reserve Bank of India (RBI) has proposed a major relief for borrowers by scrapping foreclosure charges on floating-rate loans taken by individuals for...

Banking

Saudi banks’ aggregate profit reaches $2.2bn: SAMA

the financial - 6 March, 2025

RIYADH: Saudi banks posted strong financial results in January, with aggregate profits rising 16 percent year on year to SR8.14 billion ($2.17 billion), according...

Banking

Mutual fund corpus from women investors more than doubled in five years, smallcap funds the big winner, shows AMFI-Crisil study

the financial - 4 March, 2025

The Indian mutual fund industry's witnessing continued rise in assets under management (AUM); equity assets maintain domination when it comes to investor preference in...

Banking

Bajaj Housing Finance shares trade flat amid broader market sell-off on Nifty Next 50 inclusion

the financial - 25 February, 2025

Shares of Bajaj Housing Finance Ltd surged to an intraday high of Rs 114.98 per share on the NSE, up 1.26 percent. However, later...

Banking

Banking Central | India needs a much higher deposit insurance for its bank customers

the financial - 24 February, 2025

India’s deposit insurance framework needs an urgent recalibration. The threshold of Rs 5 lakh is inadequate in the current economic landscape where deposit sizes...

Banking

UPI Autopay soars to new heights blazing past card transactions in recurring payments

the financial - 23 February, 2025

The share of cards in recurring payments went down from 42 percent in January 2024 to 31 percent this yearUPI Autopay, the recurring digital...

Banking

RBI lifts digital banking restrictions on Kotak Mahindra Bank

the financial - 13 February, 2025

The Reserve Bank of India (RBI) has removed business restrictions imposed on Kotak Mahindra Bank Ltd. (KMB) following satisfactory compliance with regulatory requirements. The bank can now resume issuing credit...

Banking

RBI’s 25-bps repo rate cut: Should you go for special-rate FDs now?

the financial - 12 February, 2025

With the RBI-MPC reducing the repo rate by 25 basis points to 6.25 percent on February 7, depositors might have to brace themselves for...

Banking

Buy Axis Bank; target of Rs 1310: Anand Rathi

the financial - 10 February, 2025

Anand Rathi is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 1310 in its research...

Banking

How to invest in debt funds after RBI rate cut, budget? Mahendra Kumar Jajoo of Mirae Asset answers

the financial - 10 February, 2025

Mahendra Kumar Jajoo says the RBI rate cut was pretty much anticipated by the market. It has come in the backdrop of a slowing...

Banking

ITR filing: Know the new Budget 2025 rules for filing updated income tax returns

the financial - 6 February, 2025

Union Budget 2025 has proposed to extend updated return filing period to 48 months; understand the rules, benefits, and restrictions for revised, belated, and...

Banking

GCC equity markets post monthly gains in January: Markaz

the financial - 6 February, 2025

Kuwait’s All Share Index posted a monthly gain of 5.7%, Saudi Arabia’s equity market grew 3.1% Abu Dhabi’s equity index rose 1.8%, Qatar Stock Exchange...