Bigger Loans Drive 28% Growth in Digital Lenders’ Personal-Loan Books
Digital-first NBFCs in India recorded a 28% year-on-year increase in their personal-loan portfolio to ₹1.54 lakh crore in June 2026,
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Banking News
Strengthening Financial Security Against Cyber Attacks
The growing use of technology-driven financial transactions is increasing the importance of cybersecurity across the financial sector. An editorial in
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Anup Kumar Saha Gets RBI Nod as Kotak Mahindra Bank MD & CEO
The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as Managing Director and Chief Executive
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IBA Forms High-Level Committee to Discuss Five-Day Banking
The Indian Banks’ Association (IBA) has constituted a high-level committee to discuss the implementation of a five-day banking week, following
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ED Raids Tricity in ₹645 Crore IDFC Bank Fraud Case
The Enforcement Directorate (ED) has conducted searches at multiple locations across the Chandigarh, Mohali and Panchkula tricity as part of
Read moreFIR Registered Against 16 in Cooperative Bank Loan Fraud Case
An FIR has been registered against 16 individuals in connection with an alleged loan fraud at a cooperative bank in
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IndusInd Bank Launches GCC-Focused Banking Vertical
IndusInd Bank has launched a dedicated Global Capability Centre (GCC) Banking vertical as India’s GCC ecosystem expands. The country now
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World Bank Raises India Growth Forecast to 6.6%
The World Bank has raised its forecast for India’s economic growth in FY2026-27 to 6.6%, from an earlier 6.3%, citing
Read moreGlobal Insurers Reassess Strategies Amid Rising Risk Complexity
Global insurers are increasingly reassessing their business strategies as rising geopolitical tensions, climate risks, and economic uncertainty reshape the risk
Read moreAxis Bank to Invest $162 Million in Axis Finance to Boost Lending
Axis Bank has announced plans to invest $162 million in its consumer lending subsidiary, Axis Finance, signalling a strategic push
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