Kotak Mahindra Bank has garnered about Rs 5,400 crore of fresh deposits courtesy of the RBI’s move to withdraw the Rs 2,000 denomination notes, a […]
Category: Enterprise
Future LoCs to Africa could cover defence, says EXIM Bank MD
India’s future Lines of Credit (LoCs) to Africa could focus on defence exports to meet the requirements of the continent, MD of EXIM Bank of […]
UAE emerges as fourth largest investor in India in FY23
The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor […]
Gold loan NBFC Indel Money looks to strengthen presence in western, central India
Gold loan non-banking finance company (NBFC) Indel Money has taken the decision to strengthen its presence in western and central India as a part of […]
Priority Sector Lending target deadline for Urban Cooperative Banks extended
Urban cooperative banks (UCB) are getting more regulatory relaxations. The Reserve Bank of India (RBI) has extended the deadline for meeting their priority sector lending […]
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. […]
RBI’s gold reserve up over 40% in five years
The Reserve Bank of India’s gold reserves is up more than 40 percent since it resumed purchase of the yellow metal over five years ago, […]
Rural India throws NBFCs a lifeline in season of lost momentum
Overall loan growth by non-banking finance companies crawled in Q4, growing just 2% annually during the quarter. Both semi-urban and urban sectors reported lower growth […]
Yes Bank aims to expand margins by 100 bps in next 3 years – MD
Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and […]
Bank loan rates drop in April, a first in 11 months
Bank lending rates declined for the first time in April after rising for 11 consecutive months, data from the Reserve Bank of India showed. The […]