Unclaimed bank deposits surge to ₹62,314 crore in India
RBI reveals unclaimed deposits in Indian banks soared to ₹62,314 crore by end-2024. Learn how to reclaim your money and why public sector banks hold most funds.
Category : Search result: NBFC fixed deposits
₹125 Crore Unreported Deposits Found in Nagpur Credit Society
Income Tax authorities detect over ₹125 crore in unreported deposits at Nirmal Ujjwal Credit Cooperative Society in Nagpur, violating SFT rules. Details of the major compliance failure inside.
RBI Intensifies Scrutiny on Bank-NBFC Interconnectedness
The Reserve Bank of India is escalating surveillance on bank-NBFC links, wary of systemic risks. Learn about the new focus areas and regulatory actions shaping India's financial stability.
Subarnarekha: The Science Behind India's Golden River
Explore the geology of Subarnarekha, India's 'streak of gold' river. Discover how ancient rocks, invisible gold, and monsoon rains create its legendary auriferous sands. A unique blend of myth and modern science.
Kochi Camp to Help Claim Unclaimed Bank Deposits
A major camp in Kochi on Monday will help beneficiaries claim unclaimed deposits worth Rs 307.69 crore from 11.93 lakh accounts. Learn how to reclaim your money with proper documents.
Bank Union Seeks Rule Against Customer Abuse, Opposes Privatisation
AIBEA demands disciplinary action for customers abusing bank staff, highlights recruitment slowdown's impact on CASA deposits, and reaffirms opposition to bank privatisation. Read key insights from the Pune conference.
Shriram Finance Stock Up 97% Post MUFG's ₹39,620 Cr Deal
Shriram Finance shares surge 97% from 52-week low after Japan's MUFG Bank invests ₹39,620 crore for a 20% stake. Analysts raise targets, see strong growth ahead. Read for full details.
Rs 307 Cr Unclaimed in Ernakulam Banks; Claim Camp on Dec 16
Over Rs 307 crore lies unclaimed in Ernakulam banks. A special camp on Monday helps heirs reclaim funds. Learn documents needed and camp location details here.
Rs 140 Crore Unclaimed in DK Banks; Rs 20 Crore Returned
Banks in Dakshina Kannada hold Rs 140 crore in unclaimed deposits. Under the 'Your Money, Your Right' drive, Rs 20 crore was returned. Learn how to claim your money via UDGAM portal.
Penny Stock Mangalam Finance Hits Upper Circuit at ₹0.97
Mangalam Industrial Finance, a penny stock under Re 1, surged 5% to ₹0.97 on high volumes. Explore the NBFC's recent rally, rights issue details, and key financial metrics. Invest with caution.
SBI Life-Backed NBFC Stock Rises in Volatile Market
Shares of SBI Life-backed PNB Housing Finance surged over 3% on December 23, 2024, defying broader market volatility. Discover the key drivers behind this resilience.
MUFG Buys 20% Stake in Shriram Finance for Rs 3,961.8 Cr
Japan's Mitsubishi UFJ Financial Group (MUFG) invests Rs 3,961.8 crore for a 20% stake in Shriram Finance. Deal to strengthen capital base and expand financial services in India.
MUFG invests Rs 39,618 crore in Shriram Finance
Japan's Mitsubishi UFJ Financial Group makes a massive Rs 39,618 crore investment for a 20% stake in Shriram Finance, marking a major FDI in India's NBFC sector. Read details.
MUFG invests ₹39,618 cr in Shriram Finance, biggest FDI in finance
Japan's MUFG Bank buys 20% stake in Shriram Finance for ₹39,618 crore, marking the largest FDI in India's financial sector. Executives call it a huge endorsement of India's economic progress and financial discipline.
Shriram Finance: No Banking License Plans Post MUFG Deal
Shriram Finance clarifies it will not seek a banking license despite MUFG's $4.4 billion investment for a 20% stake. Management prefers to grow as an NBFC, retaining control.
MUFG buys 20% stake in Shriram Finance for $4.4 billion
Japan's MUFG Bank acquires a 20% stake in Shriram Finance for $4.4 billion, marking one of the largest cross-border deals this year. Shriram Group retains board and management control. Explore the details and implications for India's NBFC sector.
TCI Finance Stock Jumps 74% in Four Trading Days
Small-cap NBFC TCI Finance's stock skyrockets 74% in four sessions, hitting upper circuits. The company cites no material news, while analysts point to technical factors. Discover the details behind this 2025 turnaround story.
MUFG Buys 20% Stake in Shriram Finance for ₹39,564 Cr
Japan's MUFG Bank invests ₹39,564 crore for a 20% stake in Shriram Finance, eyeing future management control and capitalizing on the NBFC's strong RoA. Read the full analysis.
Kashmir revives lignite mining to tackle winter power cuts
J&K government resumes drilling at Nicha Hama lignite deposits after 30+ years. Can this indigenous fuel solve Kashmir's chronic winter electricity shortages? Read the full story.
MUFG Bank's Rs 39,618 Crore FDI in Shriram Finance
Japan's largest bank, MUFG, makes a historic Rs 39,618 crore investment for a 20% stake in Shriram Finance, marking the largest FDI in India's financial services sector. Read details.
MUFG Bank invests Rs 39,618 crore in Shriram Finance
Japan's MUFG Bank invests Rs 39,618 crore for a 20% stake in Shriram Finance, marking a major FDI in India's NBFC sector. Deal awaits shareholder, regulatory nods.
Inside Shriram Finance's Strategy After Mega Merger
Nine months after a three-way merger created India's second-largest NBFC, Shriram Finance charts a path of sustainable growth, focusing on diversification and asset quality over aggressive expansion. Read the inside story.
MUFG invests ₹39,618 crore for 20% stake in Shriram Finance
Japan's Mitsubishi UFJ Financial Group (MUFG) will invest ₹39,618 crore for a 20% stake in Shriram Finance, marking a major cross-border deal. Discover the strategic implications for India's NBFC sector and the growing Japan-India investment corridor.
Shriram Finance Dec 22 Presser on MUFG Stake Deal
Shriram Finance calls press conference on 22 December amid reports of Japan's MUFG acquiring a 20% stake for up to $5 billion. Get the latest strategic updates.
Bengal Gold Deposits: 9 Sites Confirmed by GSI
GSI surveys reveal 9 potential gold sites & rare earth deposits in West Bengal. Details on Purulia-Bankura belt, resource estimates, and political hurdles. Read the full report.
NBFC-Fintech Partnerships Set for Major Overhaul
Experts predict a fundamental shift in co-lending partnerships between banks, NBFCs, and fintechs. Speed, transparency, and trust will define winning models as regulations tighten and customer expectations evolve. Read more.
Sebi eases HVDLE norms, raises threshold to ₹5,000 crore
Sebi raises HVDLE threshold to ₹5,000 crore, easing compliance for NBFCs, HFCs & others. Move aims to boost corporate bond market & ease of doing business. Details inside.
Phone Locking for Loan Repayment: A New Credit Tool
Could locking non-essential smartphone features for missed payments reduce loan defaults and expand credit access in India? Experts explore 'digital collateral' as a tool for financial inclusion.
Japan's MUFG invests $5bn for 20% stake in Shriram Finance
Japan's Mitsubishi UFJ Financial Group plans a massive $4.5-5 billion investment for a 20% stake in Shriram Finance, marking a major foreign bet on India's NBFC sector. Details inside.
Strong GDP Growth Questions Need for RBI Rate Cuts
India's Q2 GDP growth at 8.2% and robust credit offtake challenge calls for rate cuts. Expert analysis on why RBI should maintain current policy stance. Read more.
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