Mumbai: European Union (EU) banks in India may have to drastically reduce their activity, reject clients and potentially exit if India and Europe do not […]
Category: BFSI
HSBC is betting big on India’s $400 billion pile of wealth
“Roaring with national pride. Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed […]
Indian banks much stronger to be affected by individual incidents, RBI Governor Das says amid Adani crisis
The strength, the size and the resilience of the Indian banking system is now much larger and much stronger to be affected by an individual […]
5 more banks to join digital rupee pilot in 9 more cities soon
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to […]
Indian banks sound, not lending on market cap: RBI Governor
Indian banks and non banking finance companies (NBFCs) with exposure to the Adani Group are sound and are in compliance with the regulations regarding exposure […]
Ujjivan Small Finance Bank launches app to ease banking access for ‘digitally challenged’
Ujjivan Small Finance Bank on Wednesday launched ‘Hello Ujjivan’, a mobile banking application with three Vs – voice, visual, and vernacular-enabled features – to provide […]
Adani plans to prepay $500 million March loan to banking group
The Adani Group plans to prepay a $500 million loan due next month to a group of banks as the Indian conglomerate looks to bolster […]
PayU’s LazyPay, Kissht blocked after IT Ministry’s order
Digital lending platforms LazyPay and Kissht were impacted by the Ministry of Electronics and Information Technology’s (MeitY) latest move banning 94 mobile apps with links […]
NBFC-MFIs dominate microfinance market, says new report
The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of September last year, credit information […]
Banks’ exposure to Adani group ‘insufficient’, face limited risk: Fitch
Indian banks’ exposure to Adani group is “insufficient in itself” to pose a substantial risk to their credit profiles, Fitch Ratings said on Tuesday. Adani […]