The consolidated net profit of L&T Finance Holdings rose 41% year-on-year (y-o-y) in the October-December quarter owing to a growth…
Banking technology companies have witnessed a strong demand for their services as banks look to increase the pace of technology…
‘Banks need to focus on building liabilities at an optimum cost because the growth in advances has been very sharp,’…
The company’s assets under management stood at around Rs 9,000 crore as on December 31. It expects the AUM to…
The bank’s net advances rose 18% y-o-y to Rs 1.8 trillion as on December 31. IDBI Bank increased its focus…
The current account savings account (CASA) ratio of South Indian Bank will likely return to its peak level of 34%…
The losses stood at Rs 392.1 crore in the year-ago period. The revenue from operations jumped over 38 per cent…
Mammen has also urged the government to create a guarantee fund for the smaller microfinance institutions with National Bank for…
Jio Finance is working towards launching home loans, and loan against securities. It also plans to launch leasing business and…
The RBI, in a draft circular, proposed all deposit-taking HFCs raise their total liquid assets, along with unencumbered approved securities,…
Earlier this week, SalarySe announced that it has raised $5 million in its first institutional funding round from Peak XV’s…
The brokerage said a delayed festive season has meant that related demand would be totally captured in the December quarter.
Transaction value on the platform rose 42.2% to Rs 18.2 trillion in December. It had gone up 46.1% to Rs…
In recent years, affordable housing supply and new launches have witnessed a slowdown due to high land cost and high…
NBFC-investment and credit companies (NBFC-ICCs), and NBFC infrastructure finance companies (NBFC-IFCs) account for 95% of the NBFC segment’s advances.
In November, RBI asked banks and non-bank lenders to maintain a higher risk weight for their exposure to unsecured retail…
The co-lending framework for priority sector lending has also facilitated the flow of credit to the MSME segment.
In recent months, various banks and non-banking financial companies (NBFC) have asked fintech partners to curtail issuing small-ticket personal loan…
