A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and […]
Tag: bfsi
Ten more banks set to join syndication for Reliance Industries Ltd’s $3 billion loan
At least 10 more lenders are set to join the third leg of the syndication of $3 billion loans to Reliance Industries Ltd and Reliance […]
Bank of Maharashtra cuts home loan rate to 8.4%
Bank of Maharashtra has reduced home loans rates by 20 basis points to 8.40%, making it one of the lowest in the industry, to attract […]
SVB collapse: Name mix-up sends an Indian bank’s customers into panic mode
The collapse of Silicon Valley Bank (SVB) in California had impacted the customers of Mumbai-based Indian bank. A cooperative bank called Shamrao Vithal Cooperative Bank […]
Bank of Baroda slashes home loan interest rates by 40bps to 8.50%
Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the reduction in its home loan interest rates by 40 basis points […]
Muthoot Finance announces extension of NPS services to domestic, NRI customers
Gold loan NBFC Muthoot Finance on Thursday announced the extension of its National Pension Scheme (NPS) services to both its domestic and NRI customers through […]
Axis Bank partners with ITC to offer rural lending products to farmers in remote region
Axis Bank on Thursday announced its partnership with ITC Limited to offer the bank’s lending products and services to farmers who are a part of […]
Indian banks’ gross NPAs likely to touch decadal low of sub-4 per cent by FY24: Study
Bad loans of Indian banks are expected to decline 90 basis points to less than five per cent in FY23 and hit a decadal low […]
Bank of Baroda board approves 49 per cent stake divestment in BFSL
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing […]
Rising interest rates to lower loan sales growth of housing finance companies: IndRa
Housing finance companies are likely to see a marginal dip in their loan sales growth to 12.3 per cent next fiscal in the wake of […]