Vehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank’s rate hike spree in 2022-23. […]
Tag: bfsi
Satya MicroCapital raises Rs 53 crore in ECB from German bank
Microfinance company Satya MicroCapital raised about Rs 53 crore in external commercial borrowing from a German co-operative bank, which focuses on sustainable development. The deal […]
Pushing e-rupee payments using UPI infra on RBI’s agenda
In what is an ambitious e-rupee payments goal, the Reserve Bank is seeking to drive daily CBDC transactions to 10 lakh from up to 10,000 […]
Aim to increase e-rupee transactions to 10 lakh per day by 2023-end: RBI DG T Rabi Sankar
MUMBAI: The Reserve Bank of India, which is aiming for a million retail central bank digital currency (CBDC) transactions per day by the end of […]
Hindujas look to raise up to $1b to finance Reliance Capital acquisition
New Delhi: The Hinduja family has sounded out global credit funds to raise up to $1 billion (about ₹8,200 crore) to finance the potential acquisition […]
70% of HDFC top executives to step down in integration process
Nearly 70% of the senior management of HDFC, which has merged with HDFC Bank, will step down from executive positions, in a move that could […]
The RBI has just lobbed a disruptor at the card sector
In a recent circular, the Reserve Bank of India (RBI) seems to have fired a shot in India’s war on international card networks. The country […]
Union Mutual Fund expects 50pc growth in AUM, to reach Rs 15,000 cr mark by March
Union Mutual Fund is on a growth path now and is looking at adding at least 50 per cent more to the AUM this fiscal, […]
Expanding banking points, product lines to tap strong demand; debit cards for rural users in Q2: Airtel Payments Bank CEO
Airtel Payments Bank is experiencing “strong tailwinds of demand”, and will grow its banking points and deepen product offering range this year, as it looks […]
Shriram Housing Finance raises $50 million in its maiden external commercial borrowing
Shriram Housing Finance has raised $50 million in its maiden external commercial borrowing (ECB) as the lender is looking to diversify its funding source. Funds […]