Banks’ gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24, credit rating agency Crisil said […]
Category: BFSI
Axis Bank launches business management solution for merchants
Axis Bank in partnership with Visa on Monday launched an app that will empower merchants to accept payments through various digital modes and also enable […]
SBI’s UPI, net banking services suffer due to server outage, users complain
The State Bank of India’s (SBI) UPI and net banking services were affected after the bank’s server reportedly faced an outage, according to media reports. […]
HDFC Bank records loan growth of 17% at end of March
Private sector lender HDFC Bank on Monday said it has recorded a 16.9 per cent increase in credit growth at Rs 16 lakh crore at […]
LIC, GIC Re, New India remain Domestic Systemically Important Insurers, says Irdai
Regulator Irdai on Friday said Life Insurance Corporation of India, General Insurance Corporation of India, and New India Assurance Co continue to remain as Domestic […]
IL&FS Group makes interim distribution payout of Rs 29,000 crore to secured creditors
The IL&FS Group has so far paid back Rs 29,000 crore to the secured creditors, with the latest being an interim pay-out of Rs 920 […]
DMI Finance announces the closure of a USD 400 Million equity investment round led by Mitsubishi UFJ Financial Group, Inc.
DMI Finance Private Limited (“DMI Finance”) today announced the closure of a USD 400 million equity investment round led by Mitsubishi UFJ Financial Group, Inc. […]
Loans rise across industry, agriculture, retail and services sectors
Bank credit rose across all – Industry, agriculture, retail and services sectors this fiscal despite rise in rates. On a year-on-year (y-o-y) basis, non-food bank […]
Airtel to provide WhatsApp services to India Post Payments Bank users
Bharti Airtel will provide WhatsApp communication services for India Post Payments Bank (IPPB) customers, allowing them access to banking services on their mobile phone, the […]
Citigroup CEO visits Chennai; discusses about Global Capability Centres landscape in India
Citigroup CEO Jane Fraser along with top management officials visited the company’s Citi Solutions Centre here and held discussions about the landscape of Global Capability […]