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.
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
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
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%.
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
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.
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
Interview | Our new products contributed to 20% to 25% of total biz: Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance
‘Our new products contributed to 20% to 25% of total biz’
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.
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.
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.
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.
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
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.
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.
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.
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.
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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