Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 lakh crore in 2022-23 compared […]
Category: BFSI
HDFC Bank partners with Microsoft for digital transformation journey
HDFC Bank on Tuesday said it is partnering with Microsoft in the next phase of its digital transformation. The private sector lender is developing in-house […]
PSBs to set up joint digital platform to connect with fintech companies
Public sector lenders including the State Bank of India will jointly set up a unified cloud-based digital platform to connect with fintech companies and source […]
Banks go big on financing green energy
Indian banks are warming up to financing renewable energy projects in line with the government’s vision to become more climate sensitive. Companies, too, are switching […]
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
The Reserve Bank of India said that State Bank of India, ICICI Bank and HDFC Bank continue to be domestic systemically important banks (D-SIBs) which […]
Bank loans to services sector surpass credit to industries
Bank loans to the services sector have surpassed those to the industrial segment for the first time, establishing that the former will be contributing more […]
SBI asks field functionaries to desist from mis-selling of insurance products
Within days of the finance ministry issuing a diktat against miss-selling, the State Bank of India (SBI) has asked its field officers to desist from […]
Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO
Public sector Indian Overseas Bank has elevated Ajay Kumar Srivastava as its managing director and chief executive officer with effect from January 1, the bank […]
Banks open loan taps to top performers among smaller NBFCs
Bank lending to NBFCs rose 31% in September 2022. Rating agency India Ratings has said that with the sharp rise in banks’ lending rates and […]
Banks told to have nodal officers to assist trade settlement in Rupee
The government has asked banks to designate nodal officers who can act as a single point of contact to facilitate and promote ‘international trade settlement […]