Sundaram Home Finance, the wholly-owned subsidiary of non-banking finance company Sundaram Finance has set a target to disburse over Rs 10 crore under the small […]
Category: Enterprise
Kotak Mahindra To Buy Microfinance Lender Sonata Finance For $65 Mn
Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in an all-cash deal, in a […]
CCI gives nod to KKR purchasing stake in Hero Future Energies Global
The Competition Commission of India (CCI) on Thursday approved the purchase of stake in Hero Future Energies Global Ltd by Ardor Holdings II Pte. Ardor […]
Rate hikes will not impact NBFCs’ collections, says Icra Ratings
A day after the Reserve Bank delivered another rate hike, a domestic ratings agency on Thursday said the increases will not impact collection efficiencies for […]
HSBC is betting big on India’s $400 billion pile of wealth
“Roaring with national pride. Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed […]
Indian banks much stronger to be affected by individual incidents, RBI Governor Das says amid Adani crisis
The strength, the size and the resilience of the Indian banking system is now much larger and much stronger to be affected by an individual […]
Adani plans to prepay $500 million March loan to banking group
The Adani Group plans to prepay a $500 million loan due next month to a group of banks as the Indian conglomerate looks to bolster […]
NBFC-MFIs dominate microfinance market, says new report
The NBFC-MFIs (non banking finance company-micro finance institutions) group dominated the microfinance market with portfolio share of 35.1% as of September last year, credit information […]
Moody’s says bank exposure to Adani not large to affect credit quality
Indian banks’ exposure to the Adani Group will not materially affect their credit quality since it is less than one percent of their outstanding, but […]
Don’t see loan exposure to Adani as an issue for SBI, says CreditSights
Research firm CreditSights on Tuesday said that it does not see the loan exposure to Adani Group stocks as an issue for the State Bank […]