Lamborghini India: 2021 going to be another record year for our India business
We are working on two key pillars — one is how can we bring the new models faster to the market. So, we want to bring the new Lamborghinis at the same time when we start delivering the new models to our customers in other p
ITC’s hygiene brand ‘Savlon’ becomes over Rs 1,000-crore brand
The cigarette-to-FMCG-to-hotel major had acquired Savlon in 2015 as a niche antiseptic liquid brand from Johnson & Johnson, primarily for use in India in order to expand its non-cigarette FMCG portfolio. This was the first pu
InsuranceDekho focusing on to be market leader in insurtech space
“From the profitability perspective, we are still in the investment mode right now. We are investing in technology, we are investing in people. Our focus is on building our people’s capability and tech capability. Our foc
Paisabazaar sees month-on-month increase in personal loan disbursal
The lending marketplace, a part of PB Fintech which also owns the country’s leading insurtech brand Policybazaar.com, has been witnessing an increase in demands for loans during the last three months.
We are expanding into annuity and pension buckets in a big way: Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance
India continues to remain under insured and the uninsured population is high. I see that as an opportunity to develop and offer more value-packed products for customers, he said.
Berger hopes to gain market share in UP, Bihar, Madhya Pradesh with upcoming Rs 800-crore plant
Work on the Sandila factory near Lucknow is in progress and the company is investing around `800 crore to set up the plant, which will manufacture its entire range of decorative paints.
Assam microfinance relief package ‘positive’ from asset quality perspective
Assam's microfinance relief scheme is a “positive development” from an asset quality perspective and the relief provided is expected to reduce near-term loan losses for lenders, who were affected by the Covid-19 pandemic.
Banks’ microfinance gross loan portfolio grows, SFBs see de-growth: Report
During the third quarter of FY21, the market share of banks and SFBs stood at 41.7% and 16.9%, respectively, in the microfinance space. Between Q4FY20 and Q3FY21, NBFC-MFIs' market share stood almost the same at around 30%, w
Small Finance Banks receive fresh credit requests from MFIs after RBI’s PSL classification
After getting the proposals from MFIs, SFBs have started the process of offering fresh credit facilities under priority sector lending (PSL).
Uniform rule for MFIs may lead to competitive loan pricing
It would, however, remain to be seen that how would removing the margin cap for NBFC-MFIs lead to a reduction in interest rates for the borrowers, if the suggestions are implemented, according to industry observers. There cou
ABSLI eyes 16-17% growth in individual business in FY22
From the onset of the pandemic, people started realising the need to protect one’s health as well as finances which prompted them to opt for life insurance policies offering pure protection and guaranteed returns.
Covid woes: Banks’ collection efficiency for micro-loans drops significantly
Lenders feel that collection efficiency is likely to be ‘volatile’ in the first quarter of the current fiscal year due to the intermittent lockdowns, and the number of micro-finance customers availing loan restructuring w
‘RBI’s Rs 16,000 crore special liquidity facility to Sidbi to help MFIs mitigate Covid-related challenges’
"Further, it will help the MFIs provide financing support to their customers and resume normalised disbursements once the lockdowns are gradually relaxed and economic activities start functioning in normal manner," Hebbar sai
‘We have a lot of experience from the last fiscal’
In Q3, we had taken the accelerated Covid provision of Rs 547 crore making the aggregate provision to Rs 1,029 crore at the balance sheet level.
In ‘no rush’ to become an small finance bank: Fino Payments Bank
The bank will decide on converting itself into an SFB after the Reserve Bank of India comes up with the specific guidelines and the overall banking ecosystem, especially the asset side, stabilises.
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.
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