Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack […]
Tag: bfsi
Axis Bank completes acquisition of Citibank’s India consumer business
Axis Bank Ltd said on Wednesday it has completed its acquisition of Citibank’s India consumer and non-banking finance businesses. The transaction, announced in March 2022, […]
Capital infusion of Rs 3,000 crore likely in three General Insurers
New Delhi: The government has started a fresh assessment of the capital needs of the three general insurers to help them meet the regulatory requirements. […]
Ready to take over Reliance Home Finance by Mar 31: Authum tells SC
Authum Investments and Infrastructure (AII) on Monday told the Supreme Court that it was ready to implement the ₹2,887-crore resolution plan for the takeover of […]
First time in many years, fixed deposit rates turn positive at 8%
As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, […]
PNB buries ghost of 2018 to fund lab diamonds
On a wintry morning in 2018, one of India’s largest high-street lenders, Punjab National Bank (PNB), had woken up to the horrors of huge losses […]
Assets worth Rs 26,000 crore monetised in FY23: NITI Aayog
The government has monetised assets worth ₹26,000 crore during FY23 against the target of ₹1.6 lakh crore for the current fiscal while proposal pipeline aggregating […]
Niva Bupa launches health insurance plan ‘ReAssure 2.0’
Niva Bupa Health Insurance on Thursday announced the launch of health insurance policy ‘ReAssure 2.0’. The first of its kind indemnity plan offers lock-in of […]
Higher cash, quicker resolution help improve redemption ratio for ARCs
The cumulative redemption ratio for security receipts (SRs) issued by asset reconstruction companies (ARCs) has improved to 44% in 2019 from a mere 3% in […]
Indian banks may face rise in bad loans from retail, small businesses: SBI official
Indian banks could see an increase in bad loans in the retail and small business segments from its recent low levels, an official with the […]