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 […]
Category: Enterprise
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 […]
No PSU norms for IDBI Bank after stake sale, clarifies govt
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 […]
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 […]