State-owned Bank of Maharashtra (BoM) on Monday announced increase in the marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors. […]
Category: BFSI
Godrej Capital aims to double loan book this year
Godrej Capital, the financial services arm of the furniture to aviation group, expects to more than double its loan book to Rs 12000 crore by […]
FM Sitharaman backs ‘holistic’ approach to multilateral development bank reforms
India backed a “holistic” approach to multilateral development bank reforms while pitching a staggered timeline for a capital increase to make it more acceptable to […]
CBIC may soon introduce automated system of publishing daily exchange rates for 22 currencies
New Delhi, The CBIC is likely to soon introduce a system of publishing daily currency exchange rates on the integrated customs portal, replacing the existing […]
PSU banks set target for selling flagship government insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan […]
Funding constraints may hamper NBFCs’ loan growth this fiscal: Report
With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for […]
Vedanta in talks with Barclays to raise Rs 1,500cr loan
Resources conglomerate Vedanta is in talks with Barclays Bank PLC to syndicate a ₹1,500-crore loan that will be used for repayment of existing debt and […]
IDBI Bank, PNB Housing , Sicom in push to offload bad loans
IDBI Bank, PNB Housing Finance and term-lending institution Sicom are separately working on plans to sell almost the entire distressed loan books, replicating the sale […]
Liquidity surplus at 9-mth peak on high govt spend, FPI inflows
Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to its highest level in 9 months on […]
Regulator Irdai looking at 20 more insurance applications, says Chairman Debasish Panda
Insurance regulator Irdai has given licence to a General insurer for the first time since 2017, close on the heels of allowing two more applicants […]