RBI Governor Shaktikant Das will meet the heads of public sector banks on November 16 to discuss the issue of sustainability of credit growth in […]
Tag: bfsi
Gujarat-based NBFC tops NARCL bid for consolidated construction
ujarat-based NBFC Raj Radhe Finance has offered Rs 130 crore to take over the debt of EPC company Consolidated Construction Consortium (CCC) topping National Asset […]
Punjab & Sind Bank to take call on Rs 300 crore QIP in fourth quarter: MD Saha
State-owned Punjab & Sind Bank would take a call on raising equity capital through qualified institutional placement (QIP) after taking into account third quarter numbers and pace of loan […]
NARCL withdraws offer to acquire GTL
National Asset Reconstruction Company of India (NARCL), the bad bank promoted by the government, has withdrawn its offer to acquire the debt of GTL, on […]
MFIs faced up to a 10% credit loss in FY21 and FY22 due to the pandemic
During the two years of the pandemic, microlenders experienced credit losses of up to 10%, but things are improving lately, with stressed asset levels dropping, […]
Agri finance company Kissandhan eyes 15% of Farmers Producer Organisation business, signs up four FPOs in West Bengal
Multi-asset agri finance company Kissandhan and a subsidiary of the SLCM Group, is eyeing 15% of Farmers Producer Organisation (FPO) business from West Bengal. As […]
IIFL Finance aims to triple co-lending to over Rs 13,000 crore
Fairfax- and Capital Group-backed IIFL Finance is aiming to triple its co-lending to more than Rs 13,000 crore in a year, with the retail focused […]
Shivalik Small Finance Bank raises Rs 111 crore from Quona Capital, Accel and Bharti AXA Life Insurance
Shivalik Small Finance Bank raised Rs 111 crore in equity from global venture capital firms Accel and Quona Capital along with Bharti AXA Life Insurance. […]
Credit card numbers continue to slip after RBI’s deactivation order
The Reserve Bank of India (RBI) order on discontinuing inactive credit cards continued to negatively impact the industry size, with top-tier lenders such as HDFC […]
Remove withdrawal restrictions on basic savings bank deposit accounts for digital payments: Report
The Reserve Bank needs to keep digital payments outside the purview of withdrawal restrictions on zero-balance basic savings bank deposit (BSBD) accounts and let the […]