Axis Bank on Thursday announced its partnership with ITC Limited to offer the bank’s lending products and services to farmers who are a part of […]
Tag: rbi
Indian banks’ gross NPAs likely to touch decadal low of sub-4 per cent by FY24: Study
Bad loans of Indian banks are expected to decline 90 basis points to less than five per cent in FY23 and hit a decadal low […]
Bank of Baroda board approves 49 per cent stake divestment in BFSL
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing […]
Axis Bank completes buyout of Citi’s India consumer business
Axis Bank, India’s fourth-biggest private-sector lender by market value, Wednesday said it has completed the acquisition of Citibank India’s consumer businesses in India for a […]
Indian banks well placed for next fiscal say rating agencies
Global credit rating agency Moody’s has maintained a stable outlook for India’s banking system citing strong fundamentals of the local economy which will support credit […]
PNB withdraws divestment process in Canara HSBC Life Insurance
Punjab National Bank (PNB) on Wednesday announced that it will discontinue the process of divestment in associate company Canara HSBC Life Insurance, the company stated […]
Personal loans account for 96% of all fintech lendings, mostly below Rs 5,000: Report
Despite facing regulatory challenges, fintech lenders continue to expand the credit penetration with loan disbursements growing more than 60% in one year. A report released […]
SBI enters social loan market; raises $1 bln from overseas markets
State Bank of India on Tuesday said it has concluded a landmark USD 1 billion syndicated social loan, making it the largest ESG loan raised […]
Indian banks unprepared for RBI’s ESG push, survey shows
Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack […]
Axis Bank completes acquisition of Citibank’s India consumer business
Axis Bank Ltd said on Wednesday it has completed its acquisition of Citibank’s India consumer and non-banking finance businesses. The transaction, announced in March 2022, […]