Public sector lender Bank of Baroda on Friday said it has reduced exposure to the embattled Adani Group entities over the last two years, and […]
Category: Enterprise
Our loans to Adani Group are secure: JK Bank
Jammu and Kashmir Bank, which has an exposure of nearly Rs 250 crore in the Adani Group, on Friday said the bank investors have nothing […]
SBI, BoB say Adani exposure within limits, payments on track
Two top public sector banks have said that their loan exposure to the Adani Group is being serviced regularly and its well within their corporate […]
India’s largest bank SBI has $2.6 billion of loans to Adani Group companies
State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about […]
Tata Sons looks to shed its ‘Upper Layer NBFC’ tag
Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in October 2021, that included it […]
UP seeing fast increase in new borrowers: Transunion Cibil
Credit penetration is fast increasing in historically under-banked regions. Uttar Pradesh has shown the strongest improvement in credit health with a CMI value of 102, […]
RBI OKs Hinduja hiking IndusInd Bank stake
The Reserve Bank of India (RBI) has given in-principle and conditional approval to IndusInd International Holdings Ltd, a Hinduja Group entity, to raise its stake […]
47.8 cr Jan Dhan accounts opened, says FM Sitharaman
As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for […]
Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
A ‘Mahila Samman Saving Certificate’ with a fixed interest rate of 7.5 per cent for two years was announced on Wednesday by Finance Minister Nirmala […]
Gold loan NBFCs seek ‘priority’ sector status
Gold loan non-banking finance companies (NBFCs) have sought ‘priority’ sector status for eligible gold loans, including microloans, loans to farmers and micro businesses in the […]