The risks of global slowdown and geopolitical volatility are the major risks to the growth outlook.
According to RBI’s March 2020 guidelines, payment aggregators must have a board-approved policy to acquire merchants.
Among credit products, business, personal and gold loans gained a rapid traction.
The company’s assets under management (AUM) stood at around `12,400 crore as on September 30.
In its Inclusive Finance India Report 2023, ACCESS Development Services pegs the microfinance industry’s attrition at 49%.
SBI chairman Dinesh Kumar Khara told CNBCTV18 that MCLR has been hiked after consideration of various cost components.
Currently, the company is clocking a monthly disbursal run-rate of around Rs 300 crore. It will end the current fiscal…
On the other hand, an individual lending model enables companies to provide loans of larger ticket sizes.
Rishabh Goel, co-founder and CEO, Credgenics, said ARCs recognise the huge untapped opportunity in small-ticket loans like personal, education and…
As per industry estimates, 70-75% of the total advances of digital lenders consist of small ticket loans below Rs 50,000.
“Mortgage is an attractive business for someone like us who has a deep distribution and brand value,” Rebello says.
In terms of value, transactions soar 46% to Rs 17.4 trillion.
In the previous reporting week, the overall reserves had jumped $5.077 billion to $595.397 billion.
Under the co-originating model between a bank and an NBFC, credit is contributed in the ratio of 80:20.
At a recent public event, Reserve Bank of India (RBI) Governor Shaktikanta Das noted that the attrition at private sector…
FIDC sought restoration of risk weights on NBFCs where majority of the lender’s loan book consists of MSME loans, vehicle…
In his speech, Rao shed light on some of the changes that the banking industry may undergo in the coming…
“UPI is the biggest use case that can go to cloud. I personally believe this is one application that can…
