Page 84 of Banking

Annapurna Finance goes the Bandhan Bank way

In November 2009, People’s Forum had acquired Varanasi-based Gwalior Finance and Leasing Company, and transferred its microfinance loan portfolio to…

January 7, 2023 02:30 IST

NBFCs’ yields may get impacted on higher costs

Cost of funds for NBFCs increased by 80-100 bps in FY23, as per data compiled by India Ratings.

January 7, 2023 01:45 IST

Traction in consumer durable loans likely to continue: Lenders

The ticket size for consumer durable loans are typically lower than other types of personal loans like home loans and…

January 6, 2023 03:00 IST

Model agreement soon to govern business correspondents

Business correspondents are essentially retail agents who are engaged by banks to provide banking services at locations other than a…

January 6, 2023 02:15 IST

Loan re-pricing in October-December may cushion bank’s NIMs

Private sector banking behemoth HDFC Bank will kick-off the results season on January 14.

January 6, 2023 00:05 IST

RBI allows 6 entities to test fintech products to deal with financial frauds under sandbox scheme

The objective of the regulatory sandbox is to foster responsible innovation in financial services, promote efficiency and bring benefits to…

January 5, 2023 19:34 IST

M&M Financial: RBI lifts ban on recovery via 3rd-party agents

These statements, coupled with the company’s strong July-September numbers, calmed nerves as far as investors are concerned.

January 5, 2023 03:55 IST

The report further said the rate of disposal of complaints by ombudsmen improved to 97.97 per cent in 2021-22 from…

January 4, 2023 19:18 IST

SBI, HDFC Bank, ICICI continue to be systematically important: RBI

According to the central bank’s norms on domestically systematically important banks, SBI has additional common equity tier-I requirement of 0.60%.…

January 3, 2023 02:05 IST

CSB Bank, Karnataka Bank post strong loan growth in Q3

The non-food credit advanced by the banking sector grew 17.9% while total deposits grew by 9.8% for the fortnight ended…

January 3, 2023 00:15 IST

Strong demand lifts bank credit growth to 17%

Loans to industry rose 13.1% to nearly Rs 33 trillion as on November 18, the data showed.

December 31, 2022 02:20 IST

Shriram Finance raises $100 million loan from ADB

The funds will be used for vehicle finance for commercial purposes with BS-VI compliant vehicles and electric vehicles.

December 31, 2022 00:50 IST

Rate hikes may ease; banks to scurry for deposits

In the December monetary policy, the RBI hiked the repo rate by 35 bps to 6.25%.

December 31, 2022 00:40 IST

Banks well positioned to meet rising loan demand, says RBI

Among specific categories, share of loans to the services sector and personal loans inched higher within the overall pie.

December 30, 2022 03:50 IST

Banking, HDFC, HDFC Bank, NBFC, Banks, Economy

Banking: Collaborations and co-lending may increase

Even for those that operate via NBFCs, 2022 has been a difficult year, with many of them providing more for…

December 29, 2022 01:15 IST

NBFCs need to be wary of rising rate cycle: RBI

In 2021-22, banks outdid NBFCs in terms of loans to industry, a segment that has traditionally been an NBFC stronghold.…

December 28, 2022 04:25 IST

Now get more insurance options at your bank: More bank-insurer partnerships will ensure better customer access

While this move will significantly improve the distribution width of insurance companies, it will also accelerate growth of the banking…

December 28, 2022 03:45 IST

Credit cards, banks, bankers, markets, customers, economy

More co-branded credit cards expected in 2023

The credit underwriting and transactions in a co-branded arrangement are managed by the bank. On the other hand, the co-branded…

December 28, 2022 01:45 IST

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iPhone 17 launch sparks record demand

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Apple’s new iPhone 17 series has received a strong response with pre-bookings surpassing last year’s iPhone 16 launch. Analysts predict shipments of over 5 million units in the July-September quarter, with the iPhone 17 series contributing 15-20% of sales. The festive season and supply shortages have led to long queues and record sales in India.

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