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 […]
Category: Enterprise
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 […]
TTBS cloud-telephony Smartflo boosting BFSI operations across the country to accomplish financial inclusion goals
India’s commitment to bringing every person living within the boundary under the cover of banking and financial services benefitted greatly from global technological advancements. To […]
IRDA directive to shun brokers for gilt trades baffles insurers
Insurance companies, a significant investor group in the financial markets, have been told by the regulator that they can no longer cut deals with brokers […]
ACRE offers to buy LIC’s Rs 3,400 crore Reliance Capital bonds
An Ares SSG Capital-backed asset reconstruction company (ARC) has given a binding offer to Life Insurance Corporation (LIC) to acquire its ₹3,400-crore Reliance Capital bonds, […]