State Bank of India (SBI), country’s largest lender, has raised its marginal cost of funds based lending rate (MCLR) by 5 basis points (bps) across […]
Category: Enterprise
France gets India’s UPI, tourists can make payments in Rupees: PM Modi
India’s Unified Payments Interface (UPI) payment system will soon be available in France. Prime Minister Narendra Modi announced this on Thursday. PM Modi said that […]
Reward points and freebies push credit card spends to record levels
Credit card usage has surged to a record, but what is driving it is not consumption, but the reward points and freebies associated with card […]
Vehicle loans outstanding rise 22 pc in May despite high interest rates
Vehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank’s rate hike spree in 2022-23. […]
Satya MicroCapital raises Rs 53 crore in ECB from German bank
Microfinance company Satya MicroCapital raised about Rs 53 crore in external commercial borrowing from a German co-operative bank, which focuses on sustainable development. The deal […]
Hindujas look to raise up to $1b to finance Reliance Capital acquisition
New Delhi: The Hinduja family has sounded out global credit funds to raise up to $1 billion (about ₹8,200 crore) to finance the potential acquisition […]
Union Mutual Fund expects 50pc growth in AUM, to reach Rs 15,000 cr mark by March
Union Mutual Fund is on a growth path now and is looking at adding at least 50 per cent more to the AUM this fiscal, […]
Expanding banking points, product lines to tap strong demand; debit cards for rural users in Q2: Airtel Payments Bank CEO
Airtel Payments Bank is experiencing “strong tailwinds of demand”, and will grow its banking points and deepen product offering range this year, as it looks […]
Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds […]
Tanishq Expands Jewellery Business with Oracle Cloud Infrastructure
New Delhi: Tanishq, one of India’s largest jewellery brands, migrates its inventory management system to Oracle Cloud Infrastructure (OCI), including Oracle Database, Oracle APEX, Oracle […]