Mend ways or face more curbs: RBI to banks, NBFCs

December 27, 2024

The RBI warned banks and finance companies to prudently manage unsecured exposure levels to avoid systemic risks. Despite rising bank profitability and low bad loans, concerns remain over top-up loans, cyber frauds, KYC process inefficiencies, and the interconnectedness between lenders and private credit firms.

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Oil settles up over 1% on large draw from US crude stocks

Brent crude futures rose 91 cents, or 1.2%, to settle at $74.17 per barrel. U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%,

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India’s IPO market set for record growth in 2025 too: Report

The initial public offering (IPO) market in the Asia-Pacific (APAC) region demonstrated exceptional resilience in 2024, navigating challenges like high inflation and geopolitical tensions to

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