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 […]
Category: Enterprise
RBI bans SBM India from allowing foreign remittances
The Reserve Bank of India (RBI) has banned State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd from processing any foreign exchange remittances […]
PSBs will continue to lag private peers in deposits: Analysts
Public sector banks are benefiting from lower credit costs and increase in risk appetite due to asset quality clean-up, but they face the risk of […]
Banks transfer Jaypee Infratech’s ₹9,234-crore debt to NARCL
Banks have completed the transfer of ₹9,234 crore of Jaypee Infratech loan to the National Asset Reconstruction Company (NARCL), marking the first acquisition for the […]
Japan’s Credit Saison Company invests Rs 540 crore in its wholly owned Indian subsidiary
Japan’s leading financial services player Credit Saison Company invested Rs 540 crore in its wholly owned local subsidiary, Credit Saison India, signalling its intent to […]
Securitisation soars 42% to Rs 1.15 lakh crore till December quarter this fiscal, says Crisil
Driven by a 20 per cent rise in the number of originators to 120, securitisation volume jumped 42 per cent to over Rs 1.15 lakh […]
Arihant Academy plans to use IPO money for expansion and business development
After a successful IPO listing, education company Arihant Academy plans to infuse the money collected through IPO in expansion and business development. The company plans […]
SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale
Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the […]
Piramal Finance aims at ‘Budget Bharat’ to expand
One year after the integration with DHFL, Piramal Capital & Housing Finance (PCHF) is repositioning itself as a lender for retail with a focus on […]
Indian banks gave highest returns in Asia Pacific region: S&P Global
The stocks of two Indian banks – the Punjab & Sind Bank and the Jammu and Kashmir Bank Ltd – occupied the top two spots […]