Gopika Gopakumar

The housing finance company is focussed on building a business similar to HDFC that is focussed on excellence and scale, said chairman Bajaj.

Jaipur-based AU Small Finance Bank has submitted its application to the Reserve Bank of India (RBI) to transition into a universal bank.

Data from the RBI showed that while deposits grew 11.7% in the June quarter, credit rose 15%. According to a news report, banks have urged the finance ministry that government cash balances be held by them, rather than the RBI to help improve liquidity.

Mumbai, Sept. 6 -- Deposit growth has been lagging advances lately, sparking a vigorous debate among bankers, including the Reserve Bank of India (RBI), over the reasons for this divergence and how to boost savings....

Mumbai: The insolvency proceedings of Lavasa Corp. has taken a U-turn after the Mumbai bench of the National Company Law Tribunal dismissed the

The new interchange fee could boost issuance and adoption of credit lines on UPI, say experts

Mumbai, Sept. 11 -- The National Payments Corporation's decision to set an interchange fee of 1.2% on interest-free credit on Unified Payment

Mumbai, Sept. 13 -- The Reserve Bank of India (RBI) has informed Sumitomo Mitsui Banking Corp. (SMBC) that its voting rights in Yes Bank Ltd will

RBI is okay with SMBC acquiring 51% in Yes Bank as an exceptional case since the private lender's growth has been somewhat stifled in the absence of a stable, long-term promoter. But Banking Regulation Act bars any single bank shareholder from voting rights above 26%.

New Delhi, Sept. 13 -- The Reserve Bank of India (RBI) has informed Sumitomo Mitsui Banking Corp. (SMBC) that its voting rights in Yes Bank Ltd will