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 […]
Category: Enterprise
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 […]
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 […]