7:11 AM
Blogger
10:10 PM
Blogger
9:09 PM
Blogger
9:09 PM
Blogger
9:02 PM
Blogger
The bank offers housing and car loans with interest rates starting from 6.90 per cent and 7.30 per cent, respectively.
7:09 PM
Blogger
7:09 PM
Blogger
7:02 PM
Blogger
"Among all other sectors, probably the banks are somewhat valuations-wise close to their historical mean, whereas most other sectors if you look are substantially higher than the historical mean."
7:02 PM
Blogger
IFGL has appointed the president of the company's US step down subsidiary, EI Ceramics LLC, James Leacock McIntosh as the managing director of the company from September 1.
5:09 PM
Blogger
5:09 PM
Blogger
4:02 PM
Blogger
Cred Mint, launched in partnership with P2P non-bank LiquiLoans, will allow users to 'invest' their savings in a capital pool, which will then be used to on-lend to other customers on the platform seeking personal loans.
1:09 PM
Blogger
1:09 PM
Blogger
12:02 PM
Blogger
"There has been a high level of attrition among a lot of our people who are business leaders over the last six months to a year in Ujjivan. We were very concerned about that because these people are the ones who built Ujjivan."
11:09 AM
Blogger
11:09 AM
Blogger
11:02 AM
Blogger
"We are trying to identify a candidate internally who can manage the day to day operation till Nitin leaves. Sudha Suresh is the top prospect," Ujjivan founder Samit Ghosh told investors on Friday morning.
7:11 AM
Blogger
6:11 AM
Blogger
12:02 AM
Blogger
"Nitin Chugh's resignation has come as a surprise," Ujjivan's founder and non-executive chairman of the holding company Samit Ghosh told ET. "In fact, it's a matter of concern that several people of the leadership team, which we built over the past 16 years, have left," he said.
8:09 PM
Blogger
7:09 PM
Blogger
7:02 PM
Blogger
Ujjivan Small Finance Bank had roped in Chugh from HDFC Bank in May 2019, he took over the baton from predecessor Samit Ghosh in December 2019. RBI had approved the appointment for three years.
7:02 PM
Blogger
Earlier this year, BharatPe had raised over Rs 300 crore from venture debt funds (Alteria Capital, InnoVen Capital and Trifecta Capital), banks (ICICI Bank and Axis Bank) and NBFC (Northern Arc Capital).
6:09 PM
Blogger
6:09 PM
Blogger
5:02 PM
Blogger
State Bank of India, the country's largest lender by assets, reported total nonperforming loans of Rs 1.36 lakh crore for the fiscal first quarter that ended on June 30, up from Rs 1.28 lakh crore in the previous three months and Rs 1.31 lakh crore in the same period of 2020.
4:09 PM
Blogger
2:09 PM
Blogger
1:02 PM
Blogger
HDFC Bank's CEO Sashidhar Jagdishan in in company-wide communique said the central bank's RBI embargo enabled the bank to reimagine its IT systems and processes and “turbo-charge” the pace of its technology transformation. Jagdishan reiterated the bank’s plan to be “back with a bang” in the card space and regain lost market share.
11:02 AM
Blogger
“The rise in NPAs is also because of a consistent decline in the loan portfolio especially the wholesale book since FY19,” the rating agency noted. “Stage 3 asset proportion is higher for the wholesale book (15.9%) than for the retail book (3.8%) in 1QFY22.”
10:09 AM
Blogger
10:09 AM
Blogger
5:11 AM
Blogger
4:11 AM
Blogger
12:02 AM
Blogger
"The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months," said the source with direct knowledge of the matter.
11:09 PM
Blogger
10:02 PM
Blogger
Banks have also been directed to maintain a branch-wise list of vacant lockers as well as a wait-list for the purpose of allotment of lockers and ensure transparency in allotment of lockers. Customers who do have any banking relationship with the bank may also be given the facilities of safe deposit locker/safe custody article, RBI said.
10:02 PM
Blogger
"Ongoing lowest interest rate regime, subdued prices and government's push towards affordable housing segment aid the buyers' sentiments, Domestic rating agency Brickwork Ratings said.
9:10 PM
Blogger
9:02 PM
Blogger
Bank credit is expected to grow by 7.5% to 8.5% in FY'22 – largely driven by retail, according to Care Ratings. Covid-19 impacted overall asset quality. But NPAs moved up even as NPAs for other sectors generally slowed. Care Ratings notes that the second wave of infections has resulted in increase in slippages and restructuring of retail loans in the second quarter of FY'22 at a webinar along with industry experts.
9:02 PM
Blogger
“Women’s financial inclusion requires a more gender-inclusive financial system that addresses the specific demand and supply side barriers women face and leverages a partnership-led approach to address existing gaps,” Amitabh Kant, CEO, NITI Aayog said.
8:09 PM
Blogger
8:09 PM
Blogger
7:02 PM
Blogger
The revised instructions will be applicable to both new and existing safe deposit lockers and the safe custody of articles facility with the banks.
3:02 PM
Blogger
“Yes, we lost customer market share in the last 9/10 months, but I am confident that we will regain and grow our customer market share and revenue market share in the time to come. We have the resources and plans in place to further reinforce our pole position in the credit card segment,” HDFC Bank MD Sashidhar Jagdishan said in a letter to employees.
3:02 PM
Blogger
The investment in Smallcase opens a new frontier for Amazon, which has previously invested in other fintech startups in India, including Acko General Insurance and Capital Float.
2:02 PM
Blogger
IndusInd founders led by brothers Srichand and Gopichand Hinduja had raised about $300 million in February by pledging about 36% of their stake in the the bank.
12:02 PM
Blogger
"As a further update to the above intimations, we wish to inform you that the RBI vide its letter dated August 17, 2021, has relaxed the restriction placed on sourcing of new credit cards," it said in a regulatory filing.
12:02 PM
Blogger
"e-RUPI will definitely help financial institution because as we invest in digital infrastructure, we all want to see less use of cash. Over a period of time, as more and more use cases get unlocked, it will become a very powerful way in which any end consumer — even a child using her pocket money — can ride this e-RUPI rail road."
11:02 AM
Blogger
Eight months after a ban was imposed, in a letter to the HDFC Bank board on Monday, the RBI communicated that it has decided to lift restrictions on launching new credit cards while the restrictions on launching new projects under digital 2.0 was still in place.
5:11 AM
Blogger
4:11 AM
Blogger
11:09 PM
Blogger
11:09 PM
Blogger
10:09 PM
Blogger
10:09 PM
Blogger
9:02 PM
Blogger
On December 3, in an unprecedented move the bank was barred from issuing new credit cards and launching any new digital products after multiple issues linked to digital banking, cards and payments on the bank's platform in the last two years.
9:02 PM
Blogger
"The SFBs have been provided license with the objective to serve the under-served and marginalised sections of the society...preliminary analysis reveals SFBs to be leading in serving the priority sector," the paper by Nitin Kumar and Sarita Sharma said.
8:09 PM
Blogger
8:09 PM
Blogger
5:11 PM
Blogger
5:11 PM
Blogger
5:11 PM
Blogger
5:11 PM
Blogger
4:02 PM
Blogger
Over the months of a continuing pandemic, the issue of health insurance and the problems that many families and individuals have faced with their policies has emerged as one of the key points of an anguished debate.
4:02 PM
Blogger
Klub's current seed funding round, which was led by 9Unicorns and Sequoia Surge, includes a majority portion of equity and capital commitments to the platform.
12:02 PM
Blogger
The bank will be the first private sector lender to offer those quasi-equity securities offshore if it finally launches the overseas sale that is expected to open for subscription in the next 7 days.
5:11 AM
Blogger
11:09 PM
Blogger
9:02 PM
Blogger
New Delhi: State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and savings deposit growth during the first quarter of the current financial year. The Pune-headquartered lender recorded 14.
6:09 PM
Blogger
5:02 PM
Blogger
The financing offered through these ‘Green and Sustainable Deposits’ will aim to safeguard the environment from climate change. Last month, HDFC and the World Bank Group member IFC entered into an agreement to promote green housing in India through lending for affordable and low-income housing.
5:02 PM
Blogger
Talking about the new product, HDFC Chairman Deepak Parekh said "Today, sustainability is no longer about doing less harm, but about doing more good."
4:02 PM
Blogger
SBI said it will waive processing fees for its car loan customers, and has offered up to 90% on-road financing for their car loans. Customers applying for a car loan through the bank's YONO app will get a special interest concession of 25 basis points (bps). YONO users can avail car loans at an interest rate starting at 7.5 per cent per annum, the bank said.
2:09 PM
Blogger
2:02 PM
Blogger
SBI has announced a 100 per cent waiver on processing fees for its car loan customers across all channels. It has also waived off the processing fee for all the customers applying for gold loans via YONO. For personal and pension loan customers, the lender has announced a 100 per cent waiver in processing fees across all channels.
1:02 PM
Blogger
Tata Motors Passenger Vehicles Business Unit Vice president, Sales, Marketing and Customer Care Rajan Amba said, "Given the ramifications of the second wave of the pandemic, we, at Tata Motors, have always tried to make our personal mobility solutions more affordable and accessible for individuals and families at beneficial rates."
12:09 PM
Blogger
11:09 AM
Blogger
9:09 PM
Blogger
8:09 PM
Blogger
3:02 PM
Blogger
Both analysts and bankers believe credit demand will now pick up as companies invest for the next cycle of growth. In a report published earlier this month, Japanese investment bank Nomura said growing optimism and abundant liquidity should boost loan demand.
3:02 PM
Blogger
The Pune-headquartered lender recorded 14.46 per cent increase in gross advances at Rs 1,10,592 lakh crore in April-June period of 2021-22, as per the published data of BoM.
12:02 PM
Blogger
Given the importance of the banking sector in generating demand and boosting consumption, sources said the meeting with the MD and CEOs of PSBs is considered important.
RSS Feed
Twitter
