Public sector Indian Overseas Bank has elevated Ajay Kumar Srivastava as its managing director and chief executive officer with effect from January 1, the bank […]
Category: BFSI
Banks open loan taps to top performers among smaller NBFCs
Bank lending to NBFCs rose 31% in September 2022. Rating agency India Ratings has said that with the sharp rise in banks’ lending rates and […]
Banks told to have nodal officers to assist trade settlement in Rupee
The government has asked banks to designate nodal officers who can act as a single point of contact to facilitate and promote ‘international trade settlement […]
Here’s what a Paytm report tells us about India’s UPI journey in 2022
With India’s digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly 25 per cent and 14 […]
NBFCs turn to newer asset classes in quest for returns
Non-banking financial companies (NBFCs) have started realigning portfolio strategies for better risk-adjusted returns, with focus on unsecured loans and micro, small and medium enterprise (MSME) […]
Frauds fall nearly 50% at banks: RBI Data
Instances of financial frauds is falling in the banking system as institutions have become more aware of the cyber threats, said the RBI report. According […]
RBI clears reappointment of Baskar Babu as Suryoday Small Finance Bank CEO
Suryoday Small Finance Bank on Tuesday said Reserve Bank of India has approved the reappointment of Baskar Babu Ramachandran as the Managing Director & Chief […]
Poonawalla Fincorp well capitalised to touch Rs 50,000 cr AUM in 5 years
Poonawalla Fincorp is aiming to build a loan book of ₹50,000 crore in the next five years, chairman Adar Poonawalla tells Saloni Shukla. While the […]
Financial services battle flight of talent to lucrative sectors
Attrition is accelerating in the financial services segment with the total departure of employees in the first nine months of 2022 pegged at nearly 25%, […]
Central Bank of India to raise up to Rs 1,500 crore this fiscal
State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at […]