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 […]
Category: Enterprise
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 […]
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 […]
Bank loans to services sector surpass credit to industries
Bank loans to the services sector have surpassed those to the industrial segment for the first time, establishing that the former will be contributing more […]
Banks told to have nodal officers to assist trade settlement in Rupee
The government has asked banks to designate nodal officers who can act as a single point of contact to facilitate and promote ‘international trade settlement […]
Here’s what a Paytm report tells us about India’s UPI journey in 2022
With India’s digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly 25 per cent and 14 […]
NBFCs turn to newer asset classes in quest for returns
Non-banking financial companies (NBFCs) have started realigning portfolio strategies for better risk-adjusted returns, with focus on unsecured loans and micro, small and medium enterprise (MSME) […]
Poonawalla Fincorp well capitalised to touch Rs 50,000 cr AUM in 5 years
Poonawalla Fincorp is aiming to build a loan book of ₹50,000 crore in the next five years, chairman Adar Poonawalla tells Saloni Shukla. While the […]
Central Bank of India to raise up to Rs 1,500 crore this fiscal
State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at […]
Credit card spends fall for the first time in six months
Mumbai: Consumer spending on credit cards fell for the first time since July, signalling an end to the festive season that had begun with Onam. […]