All major banks have increased their external benchmark-based lending rates (EBLRs) by 190 basis points in tandem with the hike in the Reserve Bank’s policy […]
Tag: bfsi
Most public banks continue to reel under weak assets even as private counterparts thrive
While the State Bank of India and some leading private sector banks have largely addressed their asset quality challenges, many public sector banks are still […]
Financial sector reliance on 2-3 big tech companies poses major risks: Axis Bank CEO Amitabh Chaudhry
Companies providing software and other technology support like cloud services to the financial system are trickling down to a few, which can create major systemic […]
IIFL Wealth and Asset Management reinforces its commitment to clients with a new name: 360 ONE
IIFL Wealth and Asset Management has rebranded itself as 360 ONE. A name borne out of the purpose the company has been living up to […]
TTBS cloud-telephony Smartflo boosting BFSI operations across the country to accomplish financial inclusion goals
India’s commitment to bringing every person living within the boundary under the cover of banking and financial services benefitted greatly from global technological advancements. To […]
RBI Governor Shaktikant Das to meet bankers, review credit growth sustainability
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 […]
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National Asset Reconstruction Company of India (NARCL), the bad bank promoted by the government, has withdrawn its offer to acquire the debt of GTL, on […]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, […]