Bank RoAs to dip by 10-20 bps this fiscal despite repo rate cuts, says Crisil – Here are key factors at play
First Loss Default Guarantee may help expand digital lending, spur competition The pool of willing partners will also grow, an India Ratings and Research report said By Ajay RamanathanJune 15, 2023 00:30 IST
Bain Capital plans to sell stake worth $267 mln in India’s Axis Bank, says Report The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the… By ReutersJune 14, 2023 21:22 IST
Indian banks, NBFCs can weather global banking stress: Report Credit cost is expected to fall to 0.9% in 2023-24 from 1% in 2022-23. Return on assets is expected to… By Ajay RamanathanJune 14, 2023 02:30 IST
Mahindra Rural Housing Finance targets Rs 20,000-crore loan book in 3 years Unlike mainstream HFCs, Mahindra Housing Finance currently solely focuses on small rural housing and affordable housing loans. By Piyush ShuklaJune 14, 2023 00:45 IST
Banks’ NIM to moderate 10-20 bps in FY24, says CRISIL Additionally, given that most of the repricing on the assets side has already been done, the NIM gains seen last… By Piyush ShuklaJune 14, 2023 00:30 IST
India’s cenbank may tighten norms for banks’ unsecured lending: Sources “We can expect the RBI to increase risk weights on unsecured personal loans and credit cards and, or, float a… By ReutersJune 13, 2023 17:22 IST
HDFC-HDFC Bank merger will close soon creating $168 billion bank, record date awaited The merged entity is likely to trade under the HDFC Bank ticker before July 20, bringing an end to the… By BloombergJune 13, 2023 12:56 IST
UBS picks Credit Suisse’s Mihir Doshi to head combined India business Mihir Doshi, managing director and country chief executive of Credit Suisse since 2006, will take over as the head of… By BloombergJune 13, 2023 10:27 IST
Pepper Money India to launch three to five co-branded cards: CEO The company will enter into co-branding arrangements with banks for co-branded credit and prepaid cards. By Ajay RamanathanJune 13, 2023 03:30 IST
Fintech body mulls new code of conduct, to be adopted as framework for proposed self-regulatory organisation The code will be applicable to over 80 fintech members of the industrial body, CEO Jatinder Handoo told FE. By Piyush ShuklaJune 13, 2023 03:15 IST
Bajaj Housing Finance extends home loan tenure to 40 years With the change in the tenor, Bajaj Housing Finance now offers equated monthly installments (EMI), starting at just Rs 733… By FE BureauJune 13, 2023 01:30 IST
Digital lending volumes rise 131% in FY23: Report The total value of loans disbursed rose 129% y-o-y to Rs 92,848 crore as on March 31. By Ajay RamanathanJune 13, 2023 00:05 IST
RBI’s FLDG norms to hurt certain segments, impact volumes in near term: Report NBFCs may also necessitate fund-raising because non-cash forms of FLDG are disallowed now. By PTIJune 12, 2023 22:24 IST
FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year The newly launched app will enable individual investors to obtain loan against their mutual fund portfolio, eliminating the need to… By FE BusinessJune 12, 2023 19:56 IST
RBI permits banks to undertake compromise settlement of wilful defaults, fraud accounts The policies would also put in place a graded framework for the examination of staff accountability in such cases with… By PTIJune 12, 2023 17:20 IST
Jayakumar S Pillai takes charge as IDBI Bank’s Deputy Managing Director The Board had approved the appointment of Jayakumar Subramonia Pillai as the Deputy MD on May 22 for a period… By FE BusinessJune 12, 2023 15:56 IST
UBS completes Credit Suisse takeover to become wealth management behemoth “This is the start of a new chapter – for UBS, Switzerland as a financial centre and the global financial… By ReutersUpdated: June 12, 2023 13:08 IST
UBS to impose risk limits on CS with deal set to close, FT says A list consisting of almost two dozen “red lines” will prohibit Credit Suisse staff from a range of activities, a… By BloombergJune 12, 2023 10:51 IST
‘This is better than I live’: Donald Trump Jr exults after visiting Ambani-run Vantara conservation project
New Labour Codes: Rs 20 lakh tax-free gratuity, double overtime pay and 1-day leave for every 20 days — Key takeaways
