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 […]
Category: Enterprise
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 […]
SBI’s personal banking advances excluding home loans cross Rs 5 lakh-cr mark
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 […]
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 […]