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.
Hopeful of achieving 5-6% credit growth in FY21: Manas Ranjan Biswal, Executive Director, Union Bank of India
The recently announced TLTRO of Rs 1 lakh crore is yet another step by the RBI to channelise liquidity towards specific sectors.
Biz likely to be 100% in FY22: Lifestyle CEO
Rishi Vasudev, CEO, Lifestyle & Home Centre, said the stores are recording a sharp decline in footfall compared to the last year due to coronavirus scare, but online sales are witnessing strong traction.
Promoter shareholding in Eveready falls below 5% for first time
After Vistra ITCL (India), the largest independent corporate trustee in the country, invoked 17,00,000 equity shares on October 7, promoter shareholding in the company now stands at 4.92% from the earlier 7.26%.
Eveready debt position ‘comfortable’ compared to last year, says MD Amritanshu Khaitan
Replying to shareholders at the company's AGM here, Amritanshu Khaitan, managing director, said, "Regarding the borrowing of the company, the company's debt position has become much more comfortable as compared to last year."
Post-Covid revival! Collections improving for some players in micro loans segment
“In the pre-Covid period, our bank had a collection efficiency of 98% in micro loans. I expect at the end of the third quarter, we would be able to attain this figure comfortably," Ghosh said.
‘Demand for protection items structural in nature’
ICICI Prudential Life Insurance believes its performance demonstrates resilience in the context of the current economic environment, says chief distribution officer Amit Palta.
Eveready Industries Q1 net profit rises threefold; ICDs remain a concern
However, the amount of outstanding inter-corporate deposits (ICDs) to stressed promoter group companies increased compared with the year-ago period, and remain a cause of concern.
ITC Executive Director: Leveraged synergy of brands with partners’ reach
Some of the unconventional tie-ups for delivery of our products to consumers included diverse companies such as Dominos, Swiggy, Zomato, Dunzo, Amway etc.
International biz could be revenue-driver: Emami
Emami had last year acquired Creme 21, a Germany-based personal care brand, which has strong presence in Middle-East and European markets, for nearly Rs 100 crore.
One-time loan recast scheme difficult to implement: Srei Infrastructure Finance V-C
The government and the RBI have been trying their best to cushion the impact of Covid-19 on the economy and businesses.
Bandhan Bank aims to expand home loan portfolio in states having housing shortage
Home loan products are now available in 302 banking outlets across the country, and the private sector bank will be ramping up the presence to cover a larger portion of its pan-India network of 4,559 banking outlets.
‘Covid may not have very severe impact on life insurance industry’
Exide Life Insurance’s gross written premium (GWP) witnessed growth of 12% year on year in the last financial year.
Currently, about 98% of our sales are paperless: Mayank Bathwal, CEO, Aditya Birla Health Insurance
In the present scenario, medical tests are not feasible either because people are not willing to go for it owing to their safety or because of lockdown in many parts of the country.
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Top News
- Union Budget 2021 Roadmap - Health Insurance: GST rate cut can act as a booster dose
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- Market LIVE: Sensex, Nifty stare at flat start, RIL Q3 in focus; last day to subscribe Indigo Paints IPO
- Farmers Protest Live News: Round 11 talks between Centre and protesting farmers today
- Stocks in focus: Reliance Industries, Yes Bank, JSPL, Bajaj Auto, Muthoot Finance, SBI Life, MCX
- Fire at Serum Institute Pune claims five lives; Covishield vaccine production unaffected
- The antitrust dilemma: CCI must come out with detailed penalty guidelines to reduce uncertainty
- Banking on the new: Differentiated banking licences for NBFCs is a reform the Budget 2021 should consider
- Handset makers: Govt not keen to roll over PLI scheme milestones
- Equities continue rally, Sensex breaches 50,000-mark for the first time ever
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