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 […]
Tag: Enterprise
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 […]
Indian banks much stronger to be affected by individual incidents, RBI Governor Das says amid Adani crisis
The strength, the size and the resilience of the Indian banking system is now much larger and much stronger to be affected by an individual […]
India’s largest bank SBI has $2.6 billion of loans to Adani Group companies
State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about […]
Tata Sons looks to shed its ‘Upper Layer NBFC’ tag
Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in October 2021, that included it […]
UP seeing fast increase in new borrowers: Transunion Cibil
Credit penetration is fast increasing in historically under-banked regions. Uttar Pradesh has shown the strongest improvement in credit health with a CMI value of 102, […]
RBI OKs Hinduja hiking IndusInd Bank stake
The Reserve Bank of India (RBI) has given in-principle and conditional approval to IndusInd International Holdings Ltd, a Hinduja Group entity, to raise its stake […]
Union Bank takes second shot at selling KSK Mahanadi loan account
Union Bank of India (UBI) has put its Rs 2,077 crore loan to KSK Mahanadi Power on sale for the second time in less than […]
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 […]
Bank Of India Acquires Over 5.5 Per Cent Stake In ONDC
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