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Mithun Dasgupta

Articles By Mithun Dasgupta

287 Articles

Small finance banks better placed to evaluate credit profiles of MFIs: CRAs

Microlenders have said the RBI's initiative should lead to tangible liquidity flow to the microfinance sector.

However, the purpose of borrowing by individuals and small businesses needed to be seen as to whether it was for credit for growth purpose or for repaying of loans, CARE Ratings said.

After Assam earthquake, general insurers start receiving claims, mostly in property insurance segment

The earthquake measuring 6.4 on the Richter scale rocked Assam on April 28. The epicentre of the quake was located at Dhekiajuli in Sonitpur district. The tremors, which were felt across northeast India, some parts of Bihar a

For public sector insurer National Insurance Company (NIC), the approximate claim size varies in the range of Rs 6 lakh to Rs 10 lakh as these are mostly residential building losses.

HDFC ERGO General Insurance using AI in most areas of ops

“We have a robust IT infrastructure and team, and we believe in building most of the solution in-house. Since we are highly digital in our processes, there is large dependence on technology, and therefore, we keep expanding

NCLT okays resolution plan for Balmer Lawrie JV company under IBC

Secured financial creditors to take 87% haircut

Balmer Lawrie JV company

Eveready in ‘comfortable position’ with 80% capacity utilisation

Dry cell battery major Eveready Industries is currently in a “comfortable position” in terms of capacity utilisation standing around 80%, as cheap Chinese imports continue to remain at very low levels.

Microfinance players don’t see hiccup in operations despite fresh Covid restrictions in Maharashtra

Microfinance players do not foresee any further hiccup in operations, including collection, in Maharashtra despite the state government's announcement of a slew of Covid-19 restrictions to curb the rapid spread of infections.

Hope to grow our loan book by 35-40% over next 3-4 years: Rajeev Yadav, MD & CEO, Fincare Small Finance Bank

The regulator has various rules for different products. Right now, our capital adequacy is of the order of 27-28% (of which nearly 95% is tier-I), although the minimum requirement is only 15%.

Rajeev Yadav, MD & CEO, Fincare Small Finance Bank

Barring Assam, microlenders’ collection efficiency improves ‘significantly’ in Q4

In Assam, where voting for Assembly elections will start on March 27 and conclude on April 6, some microfinance players have seen some improvements in their collection efficiency that fell sharply in January this year, while

Fresh loan disbursement from Bandhan in the fourth quarter has increased from the third quarter of the current fiscal.

Deposit base growing 5-7% consistently for last 6 months: Airtel Payments Bank MD

Airtel Payments Bank has been witnessing roughly 5-7% month-on-month growth in its deposit base consistently for the last six months, its MD & CEO Anubrata Biswas said on Wednesday.

airtel payment bank

Full revival in demand for hospitality industry in key metros by May: IHCL CEO

“It (demand from 10 big cities) is already coming back. It is not at the same level of leisure travel, which is normal. Corporate India has started moving. Now for corporate, there is a movement in middle and lower manageme

MFIs: Uniform framework to create level playing field

MFIN, the association for microfinance entities and the self-regulatory organization for NBFC-MFIs, said an uniform regulation across entities will help in sustainable growth of microfinance in India.

The RBI has sent a very strong message that it is only the central bank which will frame guidelines for all the players in the industry, a state government has no role to play here

Morocco hopes to open more honorary consulates in India: Ambassador

"Morocco hopes for a large presence (in India) by more honorary consulates, especially in Bengaluru, if it has a green light," said Mohamed Maliki, Morocco's ambassador to India.

Interview | Collections in Assam to see short-term challenges, says Bandhan Bank MD Chandra Shekhar Ghosh

In an interview with Mithun Dasgupta, Ghosh says the bank's gross NPA ratio is not likely to rise further.

Chandra Shekhar Ghosh bandhan bank

Settled death claims worth Rs 198.6 crore related to Covid: Amit Palta, CDO, ICICI Prudential Life Insurance

With the gradual opening up of the economy, the life insurance industry is back on a sequential growth path.

Amit Palta, chief distribution officer, ICICI Prudential Life Insurance

Our regional focus will continue to be driven by where our clients are based: Sudip Singh, MD & CEO, ITC Infotech

The last eight months of the Covid-19 pandemic provided us the opportunity to underscore our commitment to our strategy of staying focused on our employees & clients.

Sudip Singh, MD & CEO, ITC Infotech

RBI audit will soon quell all unnecessary speculation: Srei Infra Finance chairman Hemant Kanoria

As the Reserve Bank of India is conducting a special audit in Srei Infrastructure Finance and its subsidiary Srei Equipment Finance, chairman Hemant Kanoria says the special audit will soon conclude and will quell all “unne

Hemant Kanoria, Srei Infrastructure Finance

Ratan Tata funded startup iKure in talks with investors for raising capital

Currently, the venture has 160 touchpoints in West Bengal, Jharkhand and Karnataka, and it plans to expand the facilities to around 2000 in the next four years.

‘We have so far paid Rs 363 cr for Covid claims’

The average claim size for Covid is higher than an average retail claim, but we expect that the same would come down as the pandemic becomes less severe and with state-guided protocols in place.

Ms. Tajinder Mukherjee, chairman-cum-managing director, National Insurance Company (NIC)

NCLAT stays tribunal order directing ArcelorMittal to pay Rs 1,300 crore to Odisha Slurry

The bench had said such IRP costs had been duly considered and provided by the resolution applicant in the resolution plan submitted and approved by the adjudicating authority.

Passing the order on November 10, the NCLT bench had held that the subsidiary of the world’s largest steelmaker had “contravened” the resolution plan for Essar Steel.

Interview: SWIFT to extend gpi benefits for low-value payments

Shetty says during the merger of Andhra Bank and Corporation Bank into Union Bank of India, Swift worked on minimising the challenges and ensured a smooth transition of cross-border transactions of the three banks into the am

Srei may face problem in raising additional debt, say bankers

The RBI has appointed an auditor to conduct a special audit of Srei Infrastructure Finance and its subsidiary Srei Equipment Finance.

AU Small Finance Bank to focus on auto, MSME loans in pan-India pursuit

Until recently, the Jaipur-based SFB had no presence outside western and northern India. In its pursuit of becoming a pan-India player, the bank forayed into south India in August and commenced operations in Bengaluru.

UCO Bank confident of meeting Rs 3,000-cr lending target for retail, MSME during this festive season

The Kolkata-based bank has set a target of Rs 3,000 crore lending in retail and MSME in just two months — October and November.

NCLT: ArcelorMittal must payRs 1,300 crto Odisha Slurry Pipeline

ArcelorMittal had acquired bankrupt Essar Steel last year, establishing a joint-venture with Japan’s Nippon Steel,called ArcelorMittal Nippon Steel India,under the CIRP following a long legal tussle.

India's current installed capacity is around 140 mtpa. The country aspires to have 300 mt installed capacity by 2030-31. India's per capital steel consumption is still around a third of the global average.

In micro-banking, our collection efficiency in Sept stood at 89%, and it rose to 91% in Oct Bandhan Bank CEO Chandra Shekhar 

Festive season loan disbursement growth has come near to the last year’s festive season figure. And, it is 95% of the pre-Covid levels.

Every time after Durga Puja all types of credit growth come. This time also, we have got that signal before the Puja.

RBI move to provide easier access to home loans: Hardayal Prasad, MD & CEO, PNB Housing Finance

Green shoots in the home loan segment are quite visible, and PNB Housing Finance is confident that the festival months will see a surge in the home loan market, says MD and CEO Hardayal Prasad.

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