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Latest Articles in Banking Finance
Surge In COVID Cases May Impact NBFCs' Fund Raising Via Securitisation: Report
As the economic activities gradually resumed and loan disbursements gained momentum, even reaching pre-COVID levels for some NBFCs, the securitisation market saw a healthy uptick in volumes during H2 FY2021
Read MoreTimes of COVID – Health and Equity
A lot will also depend on using new forms of capital that blend grants, equity, and debt. The timing and reasons are right; all we need is the Will to take it through.
Read MoreExperts 'Hail' Unchanged Rates; Hope for Housing Market Revival Continues
Housing experts said the housing markets should continue to respond well to lower home loan rates, stamp duty reduction, and other rebates.
Read MoreGovt Appoints S Ramann As SIDBI Chairman & Managing Director
Banks Board Bureau, the headhunter for state-owned banks and financial institutions, had recommended his name for the post.
Read MoreLocal Lockdowns: RBI Says No Need For Loan Moratoriums At Present
Das reiterated his comments made last week, expressing hope that the current rise in infections will not lead to an impact on economic growth, stating that factories are functional, vaccination is on and people are better prepared to deal with COVID-19 at present.
Read MoreBanks Sanction Rs 15 Lakh Crore Under Mudra Yojana In Last 6 Years
Ministry of Finance is committed to provide financial inclusiveness and support to the marginalized and hitherto socio-economically neglected classes.
Read MoreRBI Keeps Interests Rates Unchanged
The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.
Read MoreHC Allows China's ByteDance To Operate Indian Bank Accounts
ByteDance approached the HC last month denying all tax evasion allegations and seeking various reliefs, including challenging the provisional attachment order for freezing of its bank accounts in India.
Read MoreRBI Targets 5.2% Retail Inflation For First Half Of FY22
Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.
Read MoreRBL Bank Targets More SME Borrowers After Tie-Up With UK-Based Biz Solutions Provider Tide
The gross advances were up by 2 per cent y-o-y at Rs 60,012 crore compared to Rs 58,966 crore a year ago.
Read MoreIndian Outsourcing Has Outshone World In Pandemic; Bofa Added 3k Jobs: Official
The global presence of the bank gave it a lead because, by the time the lockdowns happened in India, it had processes in place on how to operate
Read MorePrest Loans Engages Mr. Rajeev Kishore Dubey (Ex CMD-Canara Bank) As Strategic Advisor On Its Advisory Board
Prest Loans is a tech enabled digital NBFC focusing on small businesses and MSME lending. The company has witnessed robust growth in last 4 years building a mixed portfolio of secured and unsecured MSME loans.
Read MoreAfter Long Wait, Max Group Sells 13% Stake In Life Insurer Max Life To Axis Bank
The total premium generated through this alliance has aggregated to over Rs 40,000 crore, as per the release. The alliance contributed over 55 per cent of its total sales of Rs 84,724 crore as of December 2020.
Read MoreRBL Bank Gross Advances Up 5 % At Rs 60,012 Cr As Of Mar'21
Total deposits were up by 9 per cent to Rs 73,123 crore in the period under review, as against Rs 57,812 crore a year ago.
Read MoreSBI Card Brings Back Former CEO Tewari As Board Director
A career banker, Tewari started with SBI in the year 1991 as a probationary officer and was the MD and CEO of SBI Card before being appointed back to SBI in January this year.
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