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, […]
Category: Enterprise
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 […]
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 […]
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 […]
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’ […]