Union Bank of India (UBI) has put its Rs 2,077 crore loan to KSK Mahanadi Power on sale for the second time in less than […]
Category: BFSI
Punjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD
Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery in the fourth quarter, as […]
Insurance Bill may not be introduced in budget session
The government is likely to put on hold the Insurance Laws (Amendment) Bill, 2022, following demands from the industry for major changes, including dropping the […]
Credent Global Finance in talks to raise Rs 500 crore for tier-II projects
Credent Global Finance (CGF), a BSE-listed, Sebi-registered NBFC is in talks to raise ₹500 crore under AIF to fund mid segment real estate state projects […]
Banks on branch addition spree to cash in on credit growth
Indian banks are on a branch addition spree as they look to capitalise on the purple patch in credit growth. While digital banking is growing […]
No significant risk to Indian banking system from Adani Group: CLSA
Global broking and research firm CLSA on Thursday said it sees no significant downside risk to Indian banks from Adani group debt, in which the […]
Nomura hires top ICICI banker to head India ECM business: Sources
Nomura Holdings has tapped Mahesh Natarajan to head its equity capital markets business in India, two sources with direct knowledge told Reuters, a top-level investment […]
Transactions worth Rs 12,000 crore by insurers under taxman’s lens
Transactions of more than ₹12,000 crore are under the scanner of the income-tax department that is probing several commission agents of insurance companies over alleged […]
Transition to expected credit loss-based provisioning may hit banks only one time: Report
The implementation of expected credit loss (ECL)-based provisioning model proposed by the Reserve Bank of India will be smooth as the transition will hit banks’ […]
Banks relying on costly market borrowings for lending
Banks are relying more on costly market borrowings instead of deposits to meet credit demand. Experts say that banks are yet to turn aggressive in […]