Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to […]
Category: BFSI
Indian banks sound, not lending on market cap: RBI Governor
Indian banks and non banking finance companies (NBFCs) with exposure to the Adani Group are sound and are in compliance with the regulations regarding exposure […]
Ujjivan Small Finance Bank launches app to ease banking access for ‘digitally challenged’
Ujjivan Small Finance Bank on Wednesday launched ‘Hello Ujjivan’, a mobile banking application with three Vs – voice, visual, and vernacular-enabled features – to provide […]
Adani plans to prepay $500 million March loan to banking group
The Adani Group plans to prepay a $500 million loan due next month to a group of banks as the Indian conglomerate looks to bolster […]
PayU’s LazyPay, Kissht blocked after IT Ministry’s order
Digital lending platforms LazyPay and Kissht were impacted by the Ministry of Electronics and Information Technology’s (MeitY) latest move banning 94 mobile apps with links […]
NBFC-MFIs dominate microfinance market, says new report
The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of September last year, credit information […]
Banks’ exposure to Adani group ‘insufficient’, face limited risk: Fitch
Indian banks’ exposure to Adani group is “insufficient in itself” to pose a substantial risk to their credit profiles, Fitch Ratings said on Tuesday. Adani […]
Moody’s says bank exposure to Adani not large to affect credit quality
Indian banks’ exposure to the Adani Group will not materially affect their credit quality since it is less than one percent of their outstanding, but […]
Banking laws recast likely to protect bankers from Lokpal
India is eyeing a significant revamp of the banking laws that includes ring-fencing bankers from the Lokpal Act, stock options for state-owned banks’ employees, and […]
HSBC confident it can serve an aspirational India going global
With Citi India exiting India’s retail segment, another foreign lender, HSBC, is firming up plans to grab a bigger share of the pie. While the […]