NBFCs’ education loan AUM to cross Rs 60,000 cr this fiscal; asset quality to remain resilient despite country–specific concerns
SBI to sell 13.19%, Federal Bank to offload 0.5% stake in Yes Bank to Sumitomo Mitsui Banking Corporation
Banks step up investment in digital infra “Last year, around the March quarter, we had underwritten about Rs 20,000-odd crore (of loans through digital channels). This year,… By Piyush ShuklaUpdated: August 10, 2023 17:04 IST
Overdrafts against fixed deposits on the rise, say senior bankers OD against FD is one of the quickest and cost-effective ways to borrow money from a bank without any premature… By Piyush ShuklaAugust 9, 2023 00:15 IST
Indian private credit funds rush to fill gap left by banks Kotak Alternate Assets Managers (KAAM), Edelweiss Alternatives Asset Advisors, InCred Alternative Investments and Vivriti Asset Management are all looking to… By ReutersAugust 8, 2023 12:51 IST
HDFC Bank hikes MCLR by up to 15 bps Monday’s move marks HDFC Bank’s second successive interest rate hike following the merger with Housing Development Finance Corp (HDFC). By Ajay RamanathanAugust 8, 2023 02:30 IST
Pricing game has now moved to retail segment: Shanti Ekambaram, director, Kotak Mahindra Bank With the demand for credit being fairly robust, Shanti Ekambaram, director, Kotak Mahindra Bank (KMB), believes that the system credit… By Shobhana SubramanianAugust 8, 2023 00:05 IST
The fintech industry and cyber security: Rising incidences of white collar crimes Cybercrimes and cyber security are the topmost concerns in a digitalized economy. It has pronounced implications for financial service providers,… By GuestAugust 7, 2023 14:38 IST
Banks break a sweat to recover written-off loans as experts say share of willful defaulters seems to be rising While most public sector banks give out the recovery amount from written-off, private sector peers do not give these numbers,… By Ajay RamanathanAugust 7, 2023 04:00 IST
Will achieve new milestones in ESG journey, says ICICI Bank chairman The bank aims to create an impact on society and environment through subsidiary ICICI Foundation for Inclusive Growth (ICICI Foundation). By FE BureauAugust 5, 2023 04:30 IST
RBL stake buy to help understand banking more, says M&M MD There are no plans to invest in any other banks. By Ajay RamanathanAugust 5, 2023 02:10 IST
Better adoption of technology should be done in a time-bound manner: FM to RRBs Secretary of the Department of Financial Services Vivek Joshi made a presentation on various financial metrics of the Regional Rural… By PTIAugust 4, 2023 20:39 IST
Mastercard launches CVC-less payments for tokenised credit, debit cards CVC is the three-digit number printed on the back of debit and credit cards. According to the Reserve Bank of… By FE BureauAugust 4, 2023 02:32 IST
Kotak combines alternate funds, advisory into $18-billion unit Kotak Alternate Asset Managers to be the largest asset manager in India. By Rajesh KurupAugust 4, 2023 01:15 IST
Eyeing credit growth of 13% to 14% for FY24: IOB chief ‘The operational efficiency of the bank has increased tremendously.’ By Sajan C KumarAugust 3, 2023 03:20 IST
Small, mid-sized NBFCs may woo private equity investors Velonie attributed this to the fact that NBFCs have focussed on bolstering liquidity, capital and provisioning buffers to reinforce their… By Ajay RamanathanAugust 3, 2023 00:05 IST
RBI likely to maintain status quo on interest rates: Experts In the previous bi-monthly policy reviews in June, the benchmark rate was retained. By PTIAugust 2, 2023 19:42 IST
Could apply to RBI for SFB license in H2FY24, says Fino Payments Bank CFO Ketan Merchant Upon conversion to SFB, Fino will continue its focus on fee-based income, the CFO said. By Piyush ShuklaAugust 2, 2023 01:00 IST
Hoping to complete reverse merger by Q3FY24, says Ujjivan SFB MD Ittira Davis The SFB’s board of directors had, on October 14, granted their approval for reverse merger of the SFB’s holding company… By Piyush ShuklaAugust 2, 2023 00:15 IST
M&M Finance aims to reduce GNPA by 100 bps “We don’t see any build-up of NPA and if things continue in the same vein, we will believe that 3%-3.25%… By Piyush ShuklaAugust 1, 2023 06:00 IST
Vivo X300, X300 Pro launching on December 2: Expected India price, cameras, design and everything else
