Ujjivan Small Finance Bank said its gross non-performing assets ratio stood at 3.3% at the end of December 2022 as against 9.8% a year back. […]
Category: BFSI
Fresh KYC process can be done through video, says RBI
The Reserve Bank of India has released fresh guidelines for the know your customer (KYC) processes that allow for them to completed remotely. “Fresh KYC […]
RBI lifts restrictions imposed on Mahindra Finance
Restrictions imposed on Mahindra Finance have been lifted. On September22, 2022 , the Reserve Bank of India had directed Mahindra & Mahindra Financial Services to […]
NARCL makes highest offer for twin Srei companies at auction
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 […]
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 […]