The country’s largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an offline mode under a regulatory […]
Category: BFSI
Banks report record quarterly NII in Q3 amid improving credit offtake and better asset quality
The banking sector reported the strongest year-on-year growth in net interest income (NII) for the December 2022 quarter since the pandemic hit June 2020 quarter […]
NBFCs’ collection efficiency close to pre-Covid levels: ICRA
Nearly three years after the Covid-19 outbreak, the collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises) pools has topped 98% of […]
DBS says not concerned about exposure to Adani group
DBS Group has a tightly managed exposure to India’s troubled Adani group of companies, Piyush Gupta, the CEO of Southeast Asia’s largest bank said on […]
Sundaram Home Finance eyes disbursements of over Rs 10 cr in small biz loans
Sundaram Home Finance, the wholly-owned subsidiary of non-banking finance company Sundaram Finance has set a target to disburse over Rs 10 crore under the small […]
Kotak Mahindra To Buy Microfinance Lender Sonata Finance For $65 Mn
Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in an all-cash deal, in a […]
CCI gives nod to KKR purchasing stake in Hero Future Energies Global
The Competition Commission of India (CCI) on Thursday approved the purchase of stake in Hero Future Energies Global Ltd by Ardor Holdings II Pte. Ardor […]
More non-banks, MSMEs likely to tap TReDS platform
The central bank’s move to allow insurance companies to participate in the ₹60,000 crore TReDS platform is likely to increase the participation of non-banks and […]
Rate hikes will not impact NBFCs’ collections, says Icra Ratings
A day after the Reserve Bank delivered another rate hike, a domestic ratings agency on Thursday said the increases will not impact collection efficiencies for […]
Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service
The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and […]