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BharatPe will continue to be led by its existing CEO Suhail Sameer and the rest of the management team will remain intact.

Kotak case: BharatPe’s Ashneer Grover goes on leave till March-end

6 hours agoJanuary 19, 2022

“The sharp drop in spending as well as repayment by card holders could explain the drop in utilisation rate,” the report said, adding, “While the urban markets were less impacted by Covid, it does appear that bankers were cautious, especially as the high credit penetrated market saw the slowest growth in cards issued, growth in limits and outstanding.”

Credit card utilisation stays lower than pre-Covid levels

11 hours agoJanuary 19, 2022

BharatPe, Ashneer Grover, Ashneer Grover news, Ashneer Grover latest, Ashneer Grover controversy

BharatPe MD Ashneer Grover takes voluntary leave till March-end

16 hours agoJanuary 19, 2022

In September 2021, the government had extended the validity of the scheme by six months through March 2022, or until the limit is used up, whichever is earlier.

IBA seeks extension of Rs 4.5L cr loan guarantee scheme by 1 year

1 day agoJanuary 18, 2022

The smaller NBFCs/MFIs, in particular, have always faced challenges in accessing adequate institutional funding and generally source their funds support from other larger and well-established non-banking companies/SFBs.

SIDBI sanctions Rs 650 cr financial assistance to AU SFB and Jana SFB

1 day agoJanuary 18, 2022

The smaller NBFCs/MFIs, in particular, have always faced challenges in accessing adequate institutional funding and generally source their funds support from other larger and well-established non-banking companies/SFBs.

Sidbi sanctions Rs 650 cr to two SFBs for onlending

2 days agoJanuary 18, 2022

HDFC Bank will pay 5-10 basis points more than earlier on retail deposits with maturities of over two years.

As credit growth picks up, banks hike deposit rates

2 days agoJanuary 17, 2022

Citi has been in India for decades and was among the first bank to introduce Indians to credit cards in 1987. (File)

Axis Bank closing in on Citi India’s consumer business, say sources

3 days agoJanuary 17, 2022

Banking, financial institutions struggling to deal with increasing fraud incidents: Deloitte survey

3 days agoJanuary 17, 2022

To be sure, the increased use of digital channels for sanction and disbursement of loans is helping to cushion the impact of lower staff strength. However, the hit to business sentiment is real, bankers said.

Covid blues: Banks fear credit slowdown as cases surge

3 days agoJanuary 16, 2022