Indian banks are warming up to financing renewable energy projects in line with the government’s vision to become more climate sensitive. Companies, too, are switching […]
Tag: bfsi
Bank loans to services sector surpass credit to industries
Bank loans to the services sector have surpassed those to the industrial segment for the first time, establishing that the former will be contributing more […]
Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO
Public sector Indian Overseas Bank has elevated Ajay Kumar Srivastava as its managing director and chief executive officer with effect from January 1, the bank […]
Banks open loan taps to top performers among smaller NBFCs
Bank lending to NBFCs rose 31% in September 2022. Rating agency India Ratings has said that with the sharp rise in banks’ lending rates and […]
NBFCs turn to newer asset classes in quest for returns
Non-banking financial companies (NBFCs) have started realigning portfolio strategies for better risk-adjusted returns, with focus on unsecured loans and micro, small and medium enterprise (MSME) […]
Poonawalla Fincorp well capitalised to touch Rs 50,000 cr AUM in 5 years
Poonawalla Fincorp is aiming to build a loan book of ₹50,000 crore in the next five years, chairman Adar Poonawalla tells Saloni Shukla. While the […]
Financial services battle flight of talent to lucrative sectors
Attrition is accelerating in the financial services segment with the total departure of employees in the first nine months of 2022 pegged at nearly 25%, […]
Central Bank of India to raise up to Rs 1,500 crore this fiscal
State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at […]
LIC may look at composite licence after passage of Insurance Laws (Amendment) Bill
The country’s largest insurer LIC may take a call on composite licence clause after the passage of Insurance Laws (Amendment) Bill in Parliament, sources said. […]
Credit card spends fall for the first time in six months
Mumbai: Consumer spending on credit cards fell for the first time since July, signalling an end to the festive season that had begun with Onam. […]