Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in […]
Tag: bfsi
RBI cancels registration of two entities for regulatory lapses
The Reserve Bank of India on Monday said it has cancelled the registration of two non-banking finance companies (NBFCs) – Pune-based Kudos Finance and Investments […]
RBI, Yes Bank move SC against HC order setting aside ₹8.4k cr AT-1 bonds writeoff
The Reserve Bank of India (RBI) and Yes Bank have moved the Supreme Court against a Bombay High Court order that had set aside their […]
HDFC Bank begins offline payment pilot under RBI sandbox
The country’s largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an offline mode under a regulatory […]
Banks report record quarterly NII in Q3 amid improving credit offtake and better asset quality
The banking sector reported the strongest year-on-year growth in net interest income (NII) for the December 2022 quarter since the pandemic hit June 2020 quarter […]
NBFCs’ collection efficiency close to pre-Covid levels: ICRA
Nearly three years after the Covid-19 outbreak, the collection efficiency of microfinance-focused non-banks and unsecured SME (small and medium-sized enterprises) pools has topped 98% of […]
DBS says not concerned about exposure to Adani group
DBS Group has a tightly managed exposure to India’s troubled Adani group of companies, Piyush Gupta, the CEO of Southeast Asia’s largest bank said on […]
Sundaram Home Finance eyes disbursements of over Rs 10 cr in small biz loans
Sundaram Home Finance, the wholly-owned subsidiary of non-banking finance company Sundaram Finance has set a target to disburse over Rs 10 crore under the small […]
Kotak Mahindra To Buy Microfinance Lender Sonata Finance For $65 Mn
Kotak Mahindra Bank said on Friday it would acquire Sonata Finance Pvt Ltd for 5.37 billion rupees ($65.04 million) in an all-cash deal, in a […]
CCI gives nod to KKR purchasing stake in Hero Future Energies Global
The Competition Commission of India (CCI) on Thursday approved the purchase of stake in Hero Future Energies Global Ltd by Ardor Holdings II Pte. Ardor […]