The freebies promised by the Congress party that swept the Karnataka polls could spur competitive populism in the build-up to the 2024 general election, experts […]
Category: BFSI
Asset reconstruction companies seek easier settlement guidelines for small loans
Asset reconstruction companies (ARCs) are asking the Reserve Bank of India (RBI) to review the recently prescribed norm that requires an independent advisory committee (IAC) […]
Creditors’ recovery via IBC surges to 36% of admitted claims in FY23
Financial creditors’ recovery from defaulters surged to 36% of admitted claims in FY23 from 23% in the previous fiscal and 17% in FY21, as national […]
ESMA tones down CCIL stand in draft to RBI
The European Securities and Markets Authority (ESMA) has proposed less-stringent rules on inspecting and penalising Indian financial market institutions such as the Clearing Corporation of […]
PhonePe will likely go for an India listing, says Walmart CEO Doug McMillon
Walmart president and chief executive officer Doug McMillon has said the performance of its payments company PhonePe has seen a significant upside, and if it […]
HDFC looks to sell Rs 2,000 crore stressed developer loans
Mortgage-lending pioneer Housing Development Finance Corp (HDFC) is making final attempts to offload stressed loans of around ₹2,000 crore extended to developers ahead of its […]
ACRE set to buy out SBI’s loans to road company in West Bengal
Ares SSG Capital-backed asset reconstruction company is set to acquire State Bank of India’s (SBI) road assets in an all-cash deal after eight-month-long negotiations, said […]
Go First’s bank loans to be classified as “bad”, but has strong collaterals
Lenders to Go Airlines (India) Ltd will classify their loans to the company as “non performing” in the current quarter, but are hopeful that the […]
FinMin to take a call on Rs 3,000 crore fund infusion based on performance of PSU general insurers
New Delhi: Finance Ministry will take a call on Rs 3,000 crore capital infusion this fiscal based on financial performance of three loss-making public sector […]
Bajaj Finance hikes FD Rates, offers 8.6% to seniors
Fixed deposit investors are in for good times with Bajaj Finance raising rates by up to 40 basis points. The NBFC will now offer 8.35% […]