Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries like Egypt as part of exercise to make rupee an […]
Category: Enterprise
Microfinance NPA at all time high of Rs 36,500 crore as loans restructured earlier showing stress
The stress in the microfinance sector is far from over with the sector’s bad loans ratio rising for the second consecutive quarter to 12.1% at […]
NBFCs seen growing at 10-12 per cent this fiscal and next
Non-bank financing companies are finally shedding the Covid-era stress and could see a 40 basis point improvement in bad loan numbers, domestic rating agency ICRA […]
Bank margins may come under stress amid deposit rate war
The Bank Nifty is trading near lifetime highs, reflecting the fortunes of lenders that extricated themselves from the quagmire of bad assets spawned by the […]
Pay your bills on CRED through the Bharat Bill Pay System and get rewarded
Paying your bills is a task that is dreary rather than delightful. With several activities taking up your time throughout the day, it’s taxing to […]
HDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore
One of India’s largest private sector lenders HDFC Bank on Wednesday acquired a minority stake in Mintoak Innovations Private Limited for Rs 31.1 crore. The […]
BoB proposes to sell its majority stake in Nainital Bank
State-owned Bank of Baroda (BoB) on Tuesday said it plans to sell its majority stake in Nainital Bank. The board of directors of the bank […]
Banks follow RBI’s signal; hike lending rates
Hours after RBI’s move to increase repo rate by 35 basis points, a number of lenders, including Bank of India and HDFC Bank, on Wednesday […]
Govt to allow foreign funds to own over 51% in IDBI Bank
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a […]
India’s Largest Retail Finance NBFC is Here – Shriram Finance Limited. Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance
Shriram Transport Finance Company, the largest financier of commercial vehicles, and Shriram City Union Finance, the largest two-wheeler financer and leader in micro, small and […]