NBFCs to get Rs 20,000 crore under credit guarantee scheme

The government is in the process of sanctioning Rs. 20,000 crore under the partial credit guarantee scheme for non-banking financial companies (NBFCs), finance secretary Rajiv Kumar said on Monday.

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Warburg Pincus-led Avanse Financial eyes ₹10,000-crore AUM by FY23-24

We want to emerge as domain specialist in the education finance space, says CEO

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Just 5 banks claim 80% of UPI’s big billion October fest

State Bank of India, HDFC Bank, Axis Bank and ICICI Bank together account for more than 45% of the total transactions reported on UPI last month, according to numbers sourced by ET from bankers in the know of the matter.

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Bank of Baroda integrates 30,000 employees of Vijaya, Dena Banks in 7 months

To begin with, BoB brought the entire set-up under a four-tier structure that it originally had, created more zones and regions, and adopted a unified reporting structure. “This exercise we did in April helped smoothen the other business processes and systems that had to be aligned,” said Roy.

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Ensure adequate credit to small businesess: Anurag Thakur

"Banks should also focus on genuine customers who need financial support to grow their businesses and the MSME sector, which is the backbone of our economy, needs a lot of support from the banking industry," Anurag Thakur said at the 101st foundation day celebrations of the state-run Union Bank of India here this evening.

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