Axis Bank, India’s fourth-biggest private-sector lender by market value, Wednesday said it has completed the acquisition of Citibank India’s consumer businesses in India for a […]
Category: BFSI
Indian banks well placed for next fiscal say rating agencies
Global credit rating agency Moody’s has maintained a stable outlook for India’s banking system citing strong fundamentals of the local economy which will support credit […]
PNB withdraws divestment process in Canara HSBC Life Insurance
Punjab National Bank (PNB) on Wednesday announced that it will discontinue the process of divestment in associate company Canara HSBC Life Insurance, the company stated […]
Personal loans account for 96% of all fintech lendings, mostly below Rs 5,000: Report
Despite facing regulatory challenges, fintech lenders continue to expand the credit penetration with loan disbursements growing more than 60% in one year. A report released […]
SBI enters social loan market; raises $1 bln from overseas markets
State Bank of India on Tuesday said it has concluded a landmark USD 1 billion syndicated social loan, making it the largest ESG loan raised […]
Indian banks unprepared for RBI’s ESG push, survey shows
Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack […]
Axis Bank completes acquisition of Citibank’s India consumer business
Axis Bank Ltd said on Wednesday it has completed its acquisition of Citibank’s India consumer and non-banking finance businesses. The transaction, announced in March 2022, […]
Capital infusion of Rs 3,000 crore likely in three General Insurers
New Delhi: The government has started a fresh assessment of the capital needs of the three general insurers to help them meet the regulatory requirements. […]
Ready to take over Reliance Home Finance by Mar 31: Authum tells SC
Authum Investments and Infrastructure (AII) on Monday told the Supreme Court that it was ready to implement the ₹2,887-crore resolution plan for the takeover of […]
First time in many years, fixed deposit rates turn positive at 8%
As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, […]