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Digital lending NBFC Clix Capital Services on Monday said it plans to disburse over Rs 4,000 crore as loans in the next fiscal year beginning April 1 Digital lending NBFC Clix Capital Services on Monday said it plans to disburse over Rs 4,000 crore as loans in the next fiscal year beginning[...]
Says insurance becomes a necessity in the absence of any social security for citizens, nowhere else in the world one has to pay such heavy tax on premium Insurance is a necessity in India in the absence of a social security net, but the government is taxing the sector heavily even[...]
Banking was declared a strategic sector by the government under the new privatisation policy, which means the government will only have a limited presence in the sector Though it is absolutely essential to privatise some public sector banks, we should also be careful that it is not done in a[...]
Private life insurers total APE and individual APE up 19% and 23% respectively After recording impressive growth in September, new business premiums (NBP) of 24 life insurance companies degrew 5 per cent year-on-year (YoY) in October, mainly due to Life Insurance Corporation (LIC) of India’s muted performance. In October, the[...]
Lender's NPA ratios improve, recoveries surpass slippages during the quarter Indian Overseas Bank's net loss has come down to Rs 342.08 crore during the quarter ended June 30, 2019, from a loss of Rs 919.44 crore during the same quarter last year. The bank's total income declined six per cent[...]
On the tepid credit growth, Kumar said he expects some pick up during the second half With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans, State Bank chairman Rajnish Kumar said Thursday. The chairm of the[...]
On the tepid credit growth, Kumar said he expects some pick up during the second half With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans, State Bank chairman Rajnish Kumar said Thursday. The chairm of the[...]
Acquiring India's largest micro financier gives the bank presence in more than 115,000 villages that will increase its cross-sell, lending and low-cost deposit mobilisation efforts IndusInd Bank Ltd, India's best performing lender in the past decade, is counting on its acquisition of a microfinance firm to help it improve profitability,[...]
The report, however, said NBFCs will benefit more from the Rs 70,000 crore recapitalisation of state-owned banks, which will increase their capacity to lend more The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says[...]
The Indian rupee tumbled to a record low along with stocks and bonds as a spike in oil prices spurred by the war in Ukraine threatened to inflate the nation's oil-import bill The Indian rupee tumbled to a record low along with stocks and bonds as a spike in oil prices spurred by the[...]
High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar. Accordingly, rising prices of crude oil along with other commodities triggered by the Russia-Ukraine war had kept a weak pressure on the rupee. The Ukraine crisis pushed Brent[...]
In a chat with Business Standard's Vikram Gopal, author and fintech expert Richard Turrin tells about how China is moving ahead with its digital currency. He also clears some air on its Indian version Q1: Richard, why don’t you start off by sharing what does China’s fintech landscape looks like?[...]
