All requests for withdrawal of funds were turned down, with banners at branch gates saying deposits would be paid back in ...

EMIs stand for Equated Monthly Installments which is a breakup of loan principal amount + interest rate on that loan. EMIs ...

New India Co-Operative Bank collapsed in Mumbai today. RBI barred the bank from offering new loans, and deposits. Depositors can't withdraw deposits. Hope ordinary people are paid back on time and the ...

On May 6, Deputy Secretary of the Treasury Wally Adeyemo sent a letter to RBI, expressing concern about RBI's presence in Russia as well as a $1.5 billion deal with a sanctioned Russian tycoon ...

The RBI's annual report for the Integrated Ombudsman Scheme reveals that 934,355 complaints were filed against lenders in 2023-24.

FISME has pointed out that the SMA framework, introduced under the tenure of Raghuram Rajan, is exacerbating financial distress rather than aiding recovery. The automated, computer-driven system fails ...

It is usually seen that a person needs to take a loan due to rising inflation. In such a situation, many times it also ...

The government plans to warn users about DeepSeek over data privacy and cyber security risks. This and more in today’s ETtech Morning Dispatch.

Today, majors across segments including Godfrey Phillips, United Breweries, Senco Gold, Reliance Infra, Hindalco, Healthcare ...

Check your credit report regularly to catch errors, overdue accounts, and financial stress signals, ensuring better loan ...

The existing lender typically provides a letter addressed to the new lender ... Since banks must follow RBI guidelines on interest rate calculations, they tend to be more transparent than housing ...