The Indian government is likely to waive some tax norms for the buyer of IDBI Bank in a bid to attract more suitors for a […]
Category: BFSI
Microfinance loans up 11 pc to Rs 71,916 cr in Q2 FY23: Report
Microfinance loans in the country grew by nearly 11 per cent to Rs 71,916 crore during the second quarter of the current fiscal, industry data […]
Banks looking at possibility of rupee trade with Bangladesh, African nations
Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries like Egypt as part of exercise to make rupee an […]
Best SHGs to get award in Hyderabad
Not-for-profit resource organisation, APMAS (Andhra Pradesh Mahila Abhivruddhi Society) said it will hold two-day national conference in the city from December 16 (Friday). The event, […]
Microfinance NPA at all time high of Rs 36,500 crore as loans restructured earlier showing stress
The stress in the microfinance sector is far from over with the sector’s bad loans ratio rising for the second consecutive quarter to 12.1% at […]
Coordinated efforts taken to contain Chinese loan apps: FM in Rajya Sabha
Government departments and the Reserve Bank of India (RBI) are taking coordinated steps to check Chinese mobile apps offering easy loans and cheating people, Finance […]
NBFCs seen growing at 10-12 per cent this fiscal and next
Non-bank financing companies are finally shedding the Covid-era stress and could see a 40 basis point improvement in bad loan numbers, domestic rating agency ICRA […]
Bank margins may come under stress amid deposit rate war
The Bank Nifty is trading near lifetime highs, reflecting the fortunes of lenders that extricated themselves from the quagmire of bad assets spawned by the […]
Pay your bills on CRED through the Bharat Bill Pay System and get rewarded
Paying your bills is a task that is dreary rather than delightful. With several activities taking up your time throughout the day, it’s taxing to […]
HDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore
One of India’s largest private sector lenders HDFC Bank on Wednesday acquired a minority stake in Mintoak Innovations Private Limited for Rs 31.1 crore. The […]