IDBI Bank financial bids expected by June

The government and Life Insurance Corporation’s (LIC’s) strategic stake sale in IDBI Bank is expected to move to the second stage by the first quarter of FY24, said two people in the......

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24

NBFCs' P2P platforms provide an online marketplace for participants, which includes individual lenders and borrowers. Illustration: Dominic Xavier/Rediff.com Bad loans in the peer-to-peer (P2P)......

Prospects of economy expected to improve in 2025: RBI Guv

Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected......

Centre doubles Mudra loan ceiling to Rs 20 lakh under new category

The government on Friday doubled the limit of Mudra loan amount under the Pradhan Mantri Mudra Yojana (PMMY) to Rs 20 lakh from Rs 10 lakh under a new ‘Tarun Plus’ category to promote......