While the demand for homes is unlikely to taper in the near term, financing a purchase will become increasingly costly,…
The bank posted a bottom-line of Rs 605 crore in the December quarter, up nearly 9% on quarter.
The private-sector lender’s net advances rose 23% year-on-year to Rs 3.1 trillion as on December 31.
The bank wrote-off loans worth Rs 371 crore in the December quarter. It recovered loans worth Rs 126 crore in…
In recent times, banks have been able to significantly clean up their balance sheets and corporates are not as leveraged…
Nabsamruddhi Finance is a subsidiary of the National Bank for Agriculture and Rural Development (NABARD).
In a bid to enhance presence, non-bank lenders are also targeting distribution channels and customer segments that banks typically do…
To put things in perspective, banks have so far raised a total of `19,600 crore in FY23 by issuing infrastructure…
Recently, the bank launched a mobile-first credit card in partnership with FPL Technologies, popularly known as OneCard.
Broadly, the non-banking financial company (NBFC) caters to small businesses.
Federal Bank’s profit jumps 54% as advances rise
Union Budget: The incremental borrowings of NBFCs have already risen by 100-150 basis points since April, according to ICRA.
Amazon Pay India will continue to focus on voice-enabled payments in 2023, says Whole-Time Director Vikas Bansal.
In 2020, the Reserve Bank of India had sought an explanation for frequent technical glitches.
The demand for home loans has weakened slightly in November-December even as the year-on-year growth remains strong.
To put things in perspective, stocks of some large NBFCs have underperformed the broader market in the past three months.
The gap between loans and deposits has been accentuated by a surge in credit demand from both individuals and businesses,…
In November 2009, People’s Forum had acquired Varanasi-based Gwalior Finance and Leasing Company, and transferred its microfinance loan portfolio to…
