Even as housing loan growth shrank to 7.7% year-on-year (y-o-y) as on January 29 from 17.5% a year ago, it remains one of the faster-growing credit segments and exceeds the rate of overall non-food credit growth in the banking system.
YES Bank MD and CEO Prashant Kumar had earlier said the board’s approval to raise Rs 10,000 crore was an enabling provision for raising funds as and when required.
Credit and Finance for MSMEs: The government had earlier increased the loan disbursal limit under CGTMSE from Rs 1 crore to Rs 2 crore. The scheme’s corpus was also increased from Rs 2.5 lakh crore to Rs 7.5 lakh crore rupees.
So far, the federal government has procured the two COVID-19 vaccines approved in India - AstraZeneca's shot being developed by the Serum Institute, and local player Bharat Biotech's COVAXIN - at fixed prices and distributed them free of cost.
Spaces, which is coming up as a competitor to the invite-only audio chat platform Clubhouse, seems like an extension of Twitter's venture into voice-based features.
According to GomSpace, space-based payments have opened the door to a potential peer-to-peer DvP (data versus payment) satellite marketplace in the long term, as private companies prepare to launch their own constellations.
On prices, Rangarajan said a significant section of buyers have realised that prices are not going to go down any further and discount offers offered by developers are also going down.
The advent of fintech players had somehow made banks a little bit conventional in the initial years. However, banks are now joining forces with fintech startups to upgrade their existing systems and enable smoother operations to deliver a better experience for consumers.
Digital payments major PayPal on Wednesday said it will hire 1,000 engineers this year for its India development centres across Bengaluru, Chennai, and Hyderabad.
The gross book value (GBV) of the e-mobility sector, led by Ola, Uber, Rapido, and others, recovered from $259 million in January 2020 to $164 million in January 2021 with 83 per cent of the value coming from the top seven metros including Delhi, Mumbai, Kolkata, and others.