The government-promoted National Asset Reconstruction Co Ltd (NARCL) will step up the pace on the acquisition of distressed assets this fiscal year even though it […]
Category: BFSI
FY’23 loan growth at 11 year high despite steep hike in lending rates
Credit growth continued to outpace deposit growth in FY’23 at an eleven year high even as banks have transmitted fully -250 bps – their lending […]
G20 development banks panel may list priorities at September meet
The G20 expert group on strengthening multilateral development banks (MDBs) may present some priority areas with timelines for consideration at the leaders’ summit in September. […]
U GRO CAPITAL LAUNCHES GRO X APP, ‘CREDIT LINE ON UPI’ FOR SMALL BUSINESSES
Key Highlights: • Collateral free instant credit lines to small merchants.• GRO X allows MSMEs to not only avail credit through UPI but accept payments […]
Raghuram Rajan says banking system is headed for more trouble
Raghuram Rajan — the former International Monetary Fund chief economist who predicted the global financial crisis more than a decade ago — warned that the […]
Irdai to insurers: Cut costs, pass on gains to customers
India’s insurance regulator has asked insurers to slash expenses and pass on those savings to their customers, potentially helping lower policy costs in one of […]
CCI approves SREI Infra Finance’s acquisition by NARCL, IDRCL
Fair-trade regulator CCI on Thursday said it has approved the acquisition of SREI Infrastructure Finance by National Asset Reconstruction Company Ltd and India Debt Resolution […]
New Umbrella Entity: Nothing innovative presented by applicants, says RBI
Six New Umbrella Entity (NUE) hopefuls, including Facebook, Google and Amazon, have failed to present any innovative solution due to which efforts to build an […]
Investment bankers get USD 261.5 million in Q1 despite fall in deal making activities: Report
Despite a massive fall in deal making in the March quarter, deal makers laughed their way to the bank with USD 261.5 million in investment […]
Bank of Maharashtra logs 30% loan growth; total business crosses Rs 4 lakh crore in Q4
State-owned Bank of Maharashtra (BoM) on Wednesday said it has posted a credit growth of 29.59 per cent at Rs 1.75 lakh crore for the […]