Government-owned National Asset Reconstruction Co (NARCL) gave the highest offer of Rs 5,555 crore for the twin Srei companies at an auction held by the […]
Category: BFSI
Mashreq Global Network looks to ramp up India presence
Mashreq Global Network (MGN), a wholly owned subsidiary of Mashreq Bank, is looking to ramp up its presence in India. The capability centre was established […]
Sanjay Mudaliar joins IOB as executive director
Public sector Indian Overseas Bank (IOB) on Wednesday said Sanjay Mudaliar has joined the bank as its executive director with immediate effect. Prior to taking […]
Outstanding microfinance loan portfolio to rise 20.3 pc in FY23 in India: MFIN
Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at Rs 3.25 lakh crore in 2022-23 compared […]
HDFC Bank partners with Microsoft for digital transformation journey
HDFC Bank on Tuesday said it is partnering with Microsoft in the next phase of its digital transformation. The private sector lender is developing in-house […]
PSBs to set up joint digital platform to connect with fintech companies
Public sector lenders including the State Bank of India will jointly set up a unified cloud-based digital platform to connect with fintech companies and source […]
Banks go big on financing green energy
Indian banks are warming up to financing renewable energy projects in line with the government’s vision to become more climate sensitive. Companies, too, are switching […]
SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
The Reserve Bank of India said that State Bank of India, ICICI Bank and HDFC Bank continue to be domestic systemically important banks (D-SIBs) which […]
Bank loans to services sector surpass credit to industries
Bank loans to the services sector have surpassed those to the industrial segment for the first time, establishing that the former will be contributing more […]
SBI asks field functionaries to desist from mis-selling of insurance products
Within days of the finance ministry issuing a diktat against miss-selling, the State Bank of India (SBI) has asked its field officers to desist from […]