PhoneParLoan ties up with Bajaj Auto Finance to offer bike loans to delivery jobseekers

PhoneParLoan has tied up with companies like DTDC and Bisleri, where if a candidate gets selected as a delivery personnel and gets an offer letter, but does not have a bike, they are offered a loan via the PhoneParLoan platform.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ouXjWl

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CEA Subramanian pitches for private sector-led bad bank to deal with NPAs

Earlier this month, RBI Governor Shaktikanta Das indicated that the central bank can consider the idea of a bad bank to tackle non-performing assets (NPAs). "If there's a proposal to set up a bad bank, the RBI will look at it. We have regulatory guidelines for asset reconstruction companies," Das had said.

from Banking/Finance-Industry-Economic Times https://ift.tt/39vUzE3

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Four officers’ unions in banking sector caution government about privatisation

Say privatisation, dilution of government equity, further mergers and amalgamations of PSBs coud face resistance

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

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Muthoot Capital Services reports decline in net profit in Q3

The net profit of Muthoot Capital Services Ltd reduced to Rs 14 crore in Q3 of FY21 compared to Rs 19 crore in the same quarter last year. The total

from Business Line - Money & Banking https://ift.tt/3tmfYaK

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ICICI Bank net profit up 19% at Rs 4,940 crore

The lender has provided one-time restructuring to borrowers worth Rs 2,536 core. The Reserve Bank of India had allowed restructuring for accounts impacted by Covid-19.

from Banking & Finance – The Financial Express https://ift.tt/3pB71rx

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