New Delhi: The government has clarified that IDBI Bank will not be subject to the requirements applicable to a state-run company after its proposed stake […]
Category: Enterprise
Canara Bank launches Electronic Bank Guarantee with NeSL
On its 117th Founder’s day, Canara Bank launched an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL). With this Canara Bank […]
Diebold Nixdorf invests in a new 27,000 sq. ft. manufacturing facility in Bengaluru; focuses on manufacturing its new DN Series™ in India
B2B Infomedia: Diebold Nixdorf, the world leader in automating, digitizing, and transforming the way people bank and shop, is set to expand its presence in […]
Test drive over, HDFC Bank plans to go big on EV loans
HDFC Bank is aiming to treble its lending to electric vehicle (EV) purchases in three years after an early test lending is turning out to […]
Banks increase EBLRs by 190 bps in tandem with RBI’s repo rate hike
All major banks have increased their external benchmark-based lending rates (EBLRs) by 190 basis points in tandem with the hike in the Reserve Bank’s policy […]
‘Ather Energy on road to 5x revenue growth in FY23’
Electric vehicles (EV) maker Ather Energy is on course to increase its revenues fivefold year on year this fiscal to Rs 2,000-2,200 crore, riding on […]
Banks prefer to give loans now than buy bonds
Investments to deposits ratio of the Indian banking industry fell to a four-month low as banks allocate more of their existing funds to loans that […]
Financial sector reliance on 2-3 big tech companies poses major risks: Axis Bank CEO Amitabh Chaudhry
Companies providing software and other technology support like cloud services to the financial system are trickling down to a few, which can create major systemic […]
ICAI probing financial disclosures of Byju’s, says President Debashis Mitra
Chartered accountants’ apex body ICAI is looking into the financial disclosures made by edtech major Byju’s amid concerns that there are issues related to them, […]
SBI sees 14%-15% corporate credit growth in FY23
India’s largest lender State Bank of India expects corporate loans to grow at a pace of 14% to 15% this financial year and at about […]