Armed with smartphones and biometric scanners, the postman leads India Post’s banking push

Payments bank plans to procure lakhs of devices to serve customers

from Business Line - Money & Banking https://ift.tt/2oeXQPr

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With few takers, stake sale in IDBI Federal Life may be put on hold

The proposed stake sale in private sector insurer IDBI Federal Life Insurance may have been put on hold due to lack of interest among potential buyers

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To avoid bankruptcy proceedings, bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before Monday deadline

With the six-month deadline set by Reserve Bank to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending tomorrow, banks are burning midnight oil to avoid bankruptcy proceedings against these defaulters who are mostly power producers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wm5igv

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Sundaram Finance Q1 net up by 25.9%

Sundaram Finance Limited registered a 25.9 per cent increase in net profit of Rs. 140.72 crore for the quarter ended June compared to Rs. 111.74 crore

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How’s the structural shift impacting microfinance?

From the customer’s point of view, banks and small finance banks are able to offer a more comprehensive product basket

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