RBI may tighten regulations on top-up loans to mitigate risks, including treating loans against movable assets as unsecured.

The Supreme Court has allowed banks to charge over 30% interest on credit card dues, overturning a 2008 National Consumer ...

Reserve Bank of India data showed that bank fraud cases have risen 27 per cent year-on-year to a total of 18,461 cases in the ...

NBFCs also secured funds from foreign sources, mainly through external commercial borrowings (ECBs) and issuance of debentures.

A Bench of Justices Bela M Trivedi and Satish Chandra Sharma last week held that the interest rate charged by banks could not ...

The slippage ratio, which measures new accretions to NPAs as a share of standard advances at the beginning of the year, also ...

The committee will also try to identify potential risks associated with AI and a framework to evaluate and monitor the use of ...

The Reserve Bank of India (RBI) has announced that it has constituted a committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial ...

Madhya Pradesh High Court has stayed the Dec 31 AGM of Religare Enterprises Ltd, amidst a dispute between Chairperson Rashmi ...

The committee will also recommend a framework including governance aspects for responsible, ethical adoption of AI models/applications in the Indian financial sector.

Non-banking financial companies (NBFCs) need to diversify their sources of funding further as a risk mitigation strategy, as ...

The Reserve Bank on Thursday announced the setting up of an eight-member ... the current level of adoption of AI in financial ...