Banking & Finance ‘Yes Bank bets on SMBC to boost rating, margins’, says Prashant Kumar Banking & Finance
NBFCs seen growing at 10-12 pc this fiscal and next According to Icra Ratings, retail-focused NBFCs are expected to grow 12-14 per cent while the housing finance companies may grow… By PTIDecember 15, 2022 16:26 IST
Poonawalla to sell housing arm to TPG for Rs 3,900 cr Poonawalla Housing Finance’s AUM in FY22 was Rs 5,282 crore with an average ticket size of Rs 30 lakh. By Geeta NairDecember 15, 2022 06:05 IST
IDBI Bank EoI deadline extended to January 7 In the pre-EoI stage, Dipam had received 167 queries from domestic banks/ NBFCs, foreign banks and funds, signalling strong interest… By FE BureauDecember 15, 2022 01:45 IST
RBI to promote innovation in financial sector, says governor Das The meeting was also attended by M K Jain, Deputy Governor, along with a few senior officials of the RBI. By PTIDecember 14, 2022 20:56 IST
Govt extends bid submission deadline till January 7 for IDBI Bank sale Following that transaction advisors received requests for an extension of the deadline. By PTIUpdated: December 14, 2022 13:06 IST
Yes Bank to allot shares, warrants to Carlyle, Advent The announcement came after the bank in the previous week said it had received two more letters from the Reserve… By FE BureauDecember 14, 2022 05:10 IST
Microfinance sector’s Q2 NPAs remain unchanged Interestingly, the market share of NBFC-MFIs in the country’s microfinance industry in terms of portfolio reached 37.53%, overtaking banks’ market… By Mithun DasguptaDecember 14, 2022 02:15 IST
SBI, ICICI Bank raise deposit rates sharply SBI, from May to November, had raised deposit rates by 80 bps in the one-two year bracket. With this increase,… By Shashank DidmisheDecember 14, 2022 01:00 IST
Expect return on assets to surpass 4% in FY24, says CreditAccess Grameen MD The company expects to maintain its return on assets at 4% in 2022-23. By Ajay RamanathanDecember 14, 2022 00:25 IST
Banks wrote off NPAs over 10 lakh crore in last five financial years, says FM Sitharaman SCBs have recovered an aggregate amount of Rs 6,59,596 crore, including recovery of Rs 1,32,036 crore from written-off loan accounts… By PTIDecember 13, 2022 16:21 IST
Explainer: Now You can do more with UPI The Unified Payment Interface (UPI) will soon have a new feature called “single block, multiple debits”. By Shobhana SubramanianDecember 13, 2022 01:30 IST
Consumption binge drives sharp growth in NFBCs’ unsecured loans The non-banking finance company (NBFC) sector is witnessing a sharp growth in consumption-led unsecured lending such as travel and durables. By Shashank DidmisheDecember 13, 2022 01:00 IST
Paytm’s loan disbursals surge 374% on-year, loan volume jumps 150% in Oct-Nov; share price still in red today Paytm added 3.9 million subscribers on-year for the merchant payment devices in November. The company boasts of over 5.5 million… By Harshita TyagiDecember 12, 2022 11:26 IST
RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision The RBI undertakes continuous supervision of SEs with the help of on-site inspections and off-site monitoring, the EoI said. By PTIUpdated: December 11, 2022 18:48 IST
RBI’s policy on tightening BNPL: Limiting consumer demand or boosting saving As compared to credit cards, BNPL scores higher in terms of ease of access and of use, payment experience and… December 10, 2022 09:23 IST
December 16 deadline extended: Bidding for IDBI Bank now open till January EoI for ConCor next month, HZL offer for sale in FY23 By Prasanta SahuDecember 10, 2022 06:30 IST
Yes Bank to go ahead with PE deal; stock hits 52-week high “The bank shall now engage with the investors for the completion of the proposed capital raise,” the lender said in… By FE BureauDecember 10, 2022 03:15 IST
RBI accords necessary approval: Banks’ overseas arms can now offer structured products The 2008 circular was further constricted in 2014, with the RBI restricting such products to be offered only at established… By Ashley CoutinhoDecember 10, 2022 01:15 IST
‘If Hamas rejects it… Israel will finish job’: Trump, Netanyahu agree on 20-point Gaza ceasefire plan
