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Category: Finance
Asirvad Microfinance securitises Rs 262-crore loan in d...
Raja Vaidyanathan, MD of Asirvad Microfinance, said, “This deal, closely on the heels of an ECB transaction with US-based WorldBus...
EoI for sale of IDBI Bank likely by September
As per the plan, the government will exit the IDBI Bank by divesting its entire 45.48% stake worth about Rs 19,000 crore at the cu...
‘Business interest not driven by PMC Bank alone’
In an Interview with Ankur Mishra, he says the new bank is going to have all of the Centrum’s NBFC business, a good portion of Bha...
PMC Plan: BharatPe and CFS will collectively infuse bet...
Without sharing details of exact asset-liability mismatch in PMC Bank, Sameer said they have a plan in mind to tackle the same, wh...
RBI paves way for Punjab & Maharashtra Cooperative Bank...
PMC Bank posted a net loss of Rs 6,835 crore in FY20, reporting a negative net worth of Rs 5,850.61 crore as per the bid document....
Awaiting RBI directions on lifting curbs: HDFC Bank
The bank continued to face glitches even after RBI was conducting audit of the bank’s IT infrastructure. Earlier this week, the cu...
HDFC Bank to refund GPS device commission to auto loan ...
“The notice is hereby given that HDFC Bank Limited (Bank) will be refunding the GPS device commission to auto loan customers who a...
Bad bank: Govt guarantee seen costing Rs 30,600 crore
Govt won't infuse capital into the proposed entity, banks will; yet, govt expected to give guarantee on the security receipts issu...
Banks’ microfinance gross loan portfolio grows, SFBs se...
During the third quarter of FY21, the market share of banks and SFBs stood at 41.7% and 16.9%, respectively, in the microfinance s...
Lanco Infratech declared as ‘fraud’ account by Punjab &...
“It is informed that an NPA account Lanco Infratech Limited with outstanding dues of Rs 215.17 crore has been declared as fraud an...
We’re betting on pick-up in capital expenditure; bullis...
Globally, the stimulus that central banks have pumped in, a part of it will go into consumption and a part of it will go into buil...
Small Finance Banks receive fresh credit requests from ...
After getting the proposals from MFIs, SFBs have started the process of offering fresh credit facilities under priority sector len...