Banking & Finance ‘Will rework distribution commission in H2,’ Niraj Shah, executive director and CFO, HDFC Life Banking & Finance
MFIs increase focus on individual loans As per the RBI’s norms, all collateral-free loans extended by a lender to a borrower with an annual household income… By Ajay RamanathanSeptember 5, 2023 02:00 IST
Sundaram Home Finance forays into affordable housing In FY23, the company witnessed its asset portfolio crossing a significant milestone of Rs 11,000 crore. By Sajan C KumarSeptember 5, 2023 01:00 IST
Domestic realty funds take debt route to raise funds Already raised or in process of raising Rs 6000 crore of funds By Raghavendra KamathSeptember 5, 2023 00:45 IST
NCDRC imposes Rs 25 lakh fine on ICICI Bank for losing customer’s property documents Noting the evidence before it, the commission said seeking compensation from the bank on the ground of deficiency in service… By PTISeptember 4, 2023 20:54 IST
Punjab & Sind Bank looks to raise Rs 250 via QIP in third quarter As part of a strategy to increase touch points and brand visibility, Saha said the bank is aiming for 2,000… By PTISeptember 3, 2023 15:10 IST
Aiming Rs 750-850 crore loan book by FY24-end: Mufin Green Finance CEO Mufin Green Finance is also aiming to get listed on the National Stock Exchange in the current fiscal. By Piyush ShuklaUpdated: September 2, 2023 19:17 IST
Bajaj Auto Consumer Finance gets NBFC licence Bajaj Auto Consumer Finance is the second non-banking financial company in the Bajaj group. By Ajay RamanathanSeptember 2, 2023 01:40 IST
PSB Alliance appoints Veefin Solutions for building supply chain finance platform PSB Alliance, a private company set up by the country’s 12 public sector banks, on Friday announced that it has… By Piyush ShuklaSeptember 2, 2023 00:40 IST
RBI says 93% of 2,000-rupee notes returned since May The total value of 2,000-rupee notes in circulation was down to 3.56 trillion rupees as of May 19, from 3.62… By ReutersSeptember 1, 2023 17:00 IST
Bank loans rise 19.8% in July on HDFC merger impact on-food credit stood at Rs 147.8 trillion as on July 29. In comparison, non-food credit had risen 15.1% y-o-y. By Ajay RamanathanSeptember 1, 2023 03:00 IST
NBFCs seek TDS relook as demand for listed NCDs hit In the FY24 Budget, the government removed the exemption from the 10% TDS on listed NCDs by omitting clause nine… By Ajay RamanathanSeptember 1, 2023 01:00 IST
UPI transactions may have crossed 10 billion in August In terms of value, transactions rose nearly 37% y-o-y to nearly Rs 14.7 trillion as on August 29. By Ajay RamanathanSeptember 1, 2023 00:05 IST
Fitch retains SBI, 5 other public sector banks’ rating at BBB- with stable outlook The rater has also affirmed these banks’ viability rating at BB and its government support rating of BBB-. By PTIAugust 31, 2023 16:53 IST
Nirmala Sitharaman asks RRBs to step up digital upgrade Sitharaman emphasised increasing penetration under the Mudra Yojana and financial inclusion and said a road map has to be prepared… By FE BureauAugust 31, 2023 05:45 IST
IFC committed Rs 24561 crore in India last financial year “India remains IFC’s largest country portfolio and together with its partners, its projects are driving innovative financing and climate initiatives… By Raghavendra KamathAugust 31, 2023 02:10 IST
‘Look to drive market share, growth not in our control’ Interview: Rajiv Lochan, MD, Sundaram Finance By Sajan C KumarAugust 31, 2023 01:00 IST
RBI Governor asks urban urban cooperative banks for rigorous follow-up to recover bad loans In a statement, the RBI said the Governor held a conference of directors on the boards of select large urban… By PTIAugust 30, 2023 20:51 IST
YES Bank goes live with UPI interoperability on CBDC Retail digital rupee offers features of physical cash like trust, safety and settlement finality in digital mode. By PTIUpdated: August 30, 2023 22:40 IST
GST authorities search Supreme Industries’ Mumbai and Khopoli units; company says operations remain unaffected
