State Bank of India’s (SBI)’s non home loan retail book has surpassed the milestone of Rs. 5 lakh crore, growing over Rs 1 lakh crore […]
Category: Enterprise
Paperless home loans may become a reality soon
The Ministry of Electronics & Information Technology’s (MeitY) recent push to digitise several new types of contracts may soon make paperless home loans a reality, […]
Centrum Housing Finance to pay Rs 112 crore to buy Natrust’s business
Centrum Housing Finance will pay Rs 112 crore to buy the business of National Trust Housing Finance (Natrust). Both the companies have entered into a […]
Sanjay Singh elevated as BNP Paribas’ head of India territory
BNP Paribas said it has promoted Sanjay Singh to head of India territory with effect from January 1. Singh, who is currently the chief executive […]
Share of loans to industry sector in bank credit declines to 25 per cent
With increase in borrowings by the manufacturing firms, the share of loans to the industry sector in bank credit has declined to almost 25 per […]
Apple supply chain data shows receding exposure to China as risks mount
Apple Inc’s wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the Covid-19 pandemic began, company supply […]
Strong bank loan growth in FY23 despite higher interest rates: Fitch
Fitch Ratings on Monday said India’s bank credit will see strong growth in current financial year despite effects of higher interest rates. It said the […]
Bank credit grows to 17.2 per cent in September, reveals RBI data
The Reserve Bank of India (RBI) on Monday released quarterly statistics on deposits and credit highlighting bank credit growth to 17.2 per cent on an […]
Battle for Reliance Nippon Life Insurance: Nippon top brass likely to visit India
The race for acquisition of Reliance Capital’s 51 per cent stake in Reliance Nippon Life Insurance Co (RNLIC) is intensifying, with the top brass of […]
IDBI Bank to continue as ‘Indian private sector bank’ post strategic sale
IDBI Bank will continue to operate as an ‘Indian private sector bank’ after its strategic sale and the government’s residual 15 per cent stake in […]