Credit growth is visible across sectors: SBI Ecowrap

NBFCs, Telecom, Petroleum, Chemical, Electronics, Gems & Jewellery and Infrastructure,including Power and Roads saw credit growth picking up

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Anicut Capital’s second debt fund raises ₹875 cr

Plans to invest in growth-stage startups across sectors

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Axis Bank ties up with MinkasuPay for smoother biometric-based net banking payments

Axis Bank customers’ biometric authentication will be done with Fingerprint or Face ID authentication

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EbixCash appoints ex-ED of RBI Uma Shankar as Independent Director

Currently, she is an Independent Director on the Boards of Karnataka Bank and IDBI Capital Markets

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Shriram Transport Finance gives initial price guidance of about 4.45% for its Social Bond issue

The proceeds from the social bonds will be utilised in accordance with STFC’s Social Finance Framework

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Rupee gains 18 paise against US dollar in early trade

In the previous session, the rupee had settled at 74.34 against the greenback

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Avanse Financial Service expects to end FY22 with a loan book of about ₹4,600 cr

AFSL has already clocked net profit of ₹31 crore profit in the first half of FY22 against ₹38 crore for the entire FY21

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Banks Q3 expectation: Modest earning growth, asset quality may improve

With lower slippages and improving collections and recoveries, we expect improvement in the overall stress pool and credit cost for banks, say experts

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KVG Bank joins hands with Mecwin Tech to finance solar pump-sets for farmers

Karnataka Vikas Grameena Bank (KVGB), the Dharwad-headquartered regional rural bank, and the Bengaluru-based Mecwin Technologies Ltd, which is involve

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CSB Bank MD & CEO takes early retirement, lender to set up panel to find successor

Seeks early retirement on health grounds

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IBBI Chairperson: WTM Navrang Saini’s additional charge further extended till March 5

Saini is due to complete his tenure in IBBI on March 5

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HDFC Bank goes live for Customs Duty payments

Gives the bank the opportunity to acquire current accounts of customers who bank with others that do not offer this facility

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Relief to bankers: CVC expands scope of Advisory Panel on bank frauds to cases above ₹3 crore

This panel will now examine all bank frauds above ₹3 crore as against earlier threshold of ₹50 crore

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IndusInd Bank closes first set of structured derivative transactions with leading corporates

The bank undertook swaption and forex barrier options trades with a large corporate client and a large diamond client

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Paytm enables users to ‘Tap to Pay’ from their virtual cards at retail outlets

This service will be available to carry out digital transactions even if there is no mobile data or internet connection.

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Third wave could revive the demand for restructuring of loans: ICRA

The threat of the third wave of Covid-19 risks banks’ asset quality, especially the restructured loan book, cautioned ICRA.The third wave could revive

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Tata Capital unveils ‘Flexi Plus Loans’ across product categories

The loans will be available across secured and unsecured offerings

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EarlySalary crosses ₹5,000 crore loan disbursement in December 2021

The company in a statement said it has grown 300 per cent since the previous year

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Bank of Maharashtra mulls ₹1,700 cr fund-raise via QIP and FPO by March 2023

BoM intends to shore up capital from sources other than the Government and diversify the investor base.

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NPCI, Jio roll out UPI Autopay for prepaid and postpaid users

Jio customers can now set standing instructions on theMyJio AppusingUPI Autopayfor their tariff plans

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