Page 58 of Banking

Capri Global plans to launch digital loans

The company’s assets under management (AUM) stood at around `12,400 crore as on September 30.

December 19, 2023 07:19 IST

EMIs may go up as SBI hikes MCLR

SBI chairman Dinesh Kumar Khara told CNBCTV18 that MCLR has been hiked after consideration of various cost components.

December 16, 2023 06:25 IST

India, US, US Treasury Under Secretary, top news, latest news, business news,

India, US revenue authorities discuss ways to tackle illicit finance risk

A joint statement issued on Thursday said the participants in the sessions discussed each country’s experience with virtual assets and…

December 14, 2023 21:01 IST

City Union Bank, City Union Bank news, City Union Bank CEO, City Union Bank CEO interview

‘City Union Bank plans to raise lending rates’

“We have always focused on secured lending, and not on unsecured lending. We just started a very small portfolio in…

December 14, 2023 07:15 IST

RBI, Indian banks, top news, latest news, business news,

RBI: Presence of Indian banks via subsidiaries increased to 417 in FY23

The survey covers 14 Indian banks having overseas branches or subsidiaries and 44 foreign banks having branches or subsidiaries in…

December 13, 2023 22:06 IST

global banking, Indian banks, top news, latest news, opinion news,

What Indian banks need

Legacy systems just won’t do in an increasingly digital world. Core modernisation has become a need that can no longer…

December 13, 2023 04:00 IST

Business For the Sake of People: Russia’s Biggest Bank, Sber, Sets Out Its Key Goals

The number of retail customers currently stands at 108 million, of which 10 million have signed up in the last…

December 11, 2023 13:47 IST

Public sector bank workers to get 17% hike in wages

FE had, on November 27, reported that employees at public sector banks may see between 15-20% hike in salaries as…

December 9, 2023 02:30 IST

Reserve Bank of India, RBI news, Shaktikanta Das, Shaktikanta Das news, M Rajeshwar Rao

Balance sheet of financial sector robust: Shaktikanta Das

“We have always tried to take a balanced call,” Das said.

December 9, 2023 01:05 IST

Ajay Seth, Ajay Seth news, Economic affairs secretary Ajay Seth, Economic affairs secretary, Shaktikanta Das

To continue taking supply-side measures: Ajay Seth

In its monetary policy review on Friday, the RBI has maintained its inflation projections for FY24 at 5.4%, foreseeing a…

December 9, 2023 00:50 IST

MPC meeting, RBI MPC< RBI news, RBI fintech, banking news

RBI proposes fintech repository

In its press release, the RBI urged fintechs to provide relevant information voluntarily to the repository.

December 9, 2023 00:45 IST

RBI Monetary Policy Meeting August 2023 Live Updates: It is the third bi-monthly RBI Monetary Policy Committee meeting.

Address me just as Governor, drop the Honourable prefix, says Das

Das’ deft handling of the institution has been widely appreciated and he was also ranked the best central banker by…

December 8, 2023 20:20 IST

UPI payment limit to hospitals, educational institutes raised to Rs 5 lakh: RBI

Reserve Bank Governor Shaktikanta Das said that e-mandates for making payments of a recurring nature have become popular among customers.

December 8, 2023 12:11 IST

RBI, RBI news, Reserve Bank of India, Reserve Bank of India news, banking news, fintech, loans

Fintechs to go slow on small personal loans

As per industry estimates, 70-75% of the total advances of digital lenders consist of small ticket loans below Rs 50,000.

December 8, 2023 05:00 IST

Mahindra Finance, Mahindra Finance news, Mahindra Finance report, NPAs, banking news

‘We need to reduce NPAs in housing finance arm’

“Mortgage is an attractive business for someone like us who has a deep distribution and brand value,” Rebello says.

December 7, 2023 03:20 IST

NBFC, non-banking financial company, microfinance institutions, NBFC-MFI, latest news, top news, business news,

NBFC-MFI assets rise 39% y-o-y

The AUM includes an owned portfolio of Rupees 1.1 trillion, and a managed portfolio of Rupees 24,501 crore.

December 6, 2023 01:50 IST

personal loans, personal loans news, debt settlements personal loans, debt settlements

Rise in debt settlements via personal loans

Private consumption remains sluggish

December 4, 2023 01:05 IST

RBI, RBI news, Reserve Bank of India, Asset Liability Management

Need a balanced approach: Those outside formal credit must not be left to usurious informal lenders

In lending, two fundamental questions stand out: How risky is the borrower, and should a loan be granted based on…

December 2, 2023 06:15 IST

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Markets open higher: Nifty above 24,900, Sensex up 95 points; hospital stocks rally

Market59 min ago

Indian equity indices opened higher on Monday, with the NSE Nifty 50, BSE Sensex, and Bank Nifty all seeing gains. Small and midcap stocks also rose, driven by a growth-stimulating monetary policy. However, FII selling and uncertainty around growth and corporate earnings for FY27 are hindering the positive sentiments. Expectations of strong growth and earnings are keeping the market optimistic.

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