Despite facing regulatory challenges, fintech lenders continue to expand the credit penetration with loan disbursements growing more than 60% in one year. A report released […]
Category: BFSI
SBI enters social loan market; raises $1 bln from overseas markets
State Bank of India on Tuesday said it has concluded a landmark USD 1 billion syndicated social loan, making it the largest ESG loan raised […]
Indian banks unprepared for RBI’s ESG push, survey shows
Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack […]
Axis Bank completes acquisition of Citibank’s India consumer business
Axis Bank Ltd said on Wednesday it has completed its acquisition of Citibank’s India consumer and non-banking finance businesses. The transaction, announced in March 2022, […]
Capital infusion of Rs 3,000 crore likely in three General Insurers
New Delhi: The government has started a fresh assessment of the capital needs of the three general insurers to help them meet the regulatory requirements. […]
Ready to take over Reliance Home Finance by Mar 31: Authum tells SC
Authum Investments and Infrastructure (AII) on Monday told the Supreme Court that it was ready to implement the ₹2,887-crore resolution plan for the takeover of […]
First time in many years, fixed deposit rates turn positive at 8%
As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, […]
PNB buries ghost of 2018 to fund lab diamonds
On a wintry morning in 2018, one of India’s largest high-street lenders, Punjab National Bank (PNB), had woken up to the horrors of huge losses […]
KV Kamath says digital economy can contribute 25% GDP by FY29
Mumbai, Noted banker KV Kamath, who now chairs the National Bank for Financing Infrastructure and Development (NaBFID), expects the digital sector to contribute a quarter […]
Assets worth Rs 26,000 crore monetised in FY23: NITI Aayog
The government has monetised assets worth ₹26,000 crore during FY23 against the target of ₹1.6 lakh crore for the current fiscal while proposal pipeline aggregating […]