Tough to predict loan growth this fiscal till October: Chandra Shekhar Ghosh, CEO, Bandhan Bank

As a bank we cannot say no to [a new customer]. But during the pandemic, fresh lending to new customers is not happening as much as in normal times.

from Banking & Finance – The Financial Express https://ift.tt/3lmjTT5

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Insurers have settled about 6 out of 10 Covid claims so far

Settled amount averages 55-65%; hit by 2nd wave

from Business Line - Money & Banking https://ift.tt/3Ce12zZ

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₹8,000 crore quantum tech fund awaits budgetary approval

The fund, which was to be launched this month, may get further delayed

from Business Line - Money & Banking https://ift.tt/3jb0VMD

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Videocon’s Venugopal Dhoot moves NCLAT; says Twin Star Technologies’ offer too low

Banks will take a ₹42,000-crore haircut after the Mumbai Bench of the NCLT approved a bid by Anil Agarwal-backed Twin Star Technologies to acquire Videocon Industries for ₹2,962 crore

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

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IPs to face penalty for non-compliances

Insolvency regulator specifies minimum and maximum penalty on 14 contraventions

from Business Line - Money & Banking https://ift.tt/3C3S3Rv

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