Spend per card rise 16% to 18,898.
In its latest circular, RBI asked non-bank lenders to increase risk weight on unsecured retail loans to 125% from 100%.
In its recent directive, RBI asked NBFC to increase risk weight on unsecured retail loans to 125% from 100% earlier.
According to the latest results, the gross non-performing asset ratio of some of the leading players such as CreditAccess Grameen…
On Friday, RBI asked banks and NBFCs to increase their risk weight on unsecured personal loans to 125% from 100%…
“The strategy is to increase the assets under management of each of these segments going forward,” says Managing Director George…
In his speech, Kant noted that India’s next phase of growth must be funded by credit. In this regard, the…
India’s retail inflation fell to a three-month low of 5% in September from 6.83% in August.
NBFC MFI (microfinance institutions) continue to dominate the microfinance market with portfolio share of 40.4%, followed by banks at 32.5%,…
He added that the company is holding discussions with financial advisors on methods to better incentivise policy renewals.
Here, the group is looking at an average ticket size of Rs 20,000.
Punjab National Bank Managing Director and Chief Executive Officer Atul Kumar Goel told FE in a recent interaction that the…
The bank’s domestic gross advances rose nearly 17% year-on-year to Rs 8.3 trillion as on September 30, aided by a…
The bank does not have any immediate plans to launch traditional credit cards.
The total assets under management of non-life businesses grew by 12% y-o-y to Rs 4 trillion as on September 30.
These indicators include demand, supply, consumer behaviour, and performance.
Experts say that it is primarily because of volatility in yields and rising interest cost that has made corporate wary…
The company will invest Rs 1,609 crore in the general insurer as fresh growth capital.
