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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? [...]
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 [...]
In a relief for several thousand home buyers, the Supreme Court on Monday directed the consortium of banks to follow the footsteps of Bank of Baroda, which has issued a sanction order to grant funding for the stalled Amrapali housing projects, and take a decision on funding Amrapali projects within two days. A bench [...]
Not a long back, Deepak Hooda was in the news for all the wrong reasons. After a spat with Baroda captain Krunal Pandya in 2021, he quit the team and went to play for Rajasthan. What really shocked the Rajasthan management was that Hooda never asked for any additional fee, [...]
Former Australia captain Steve Waugh is hailed as one of cricket's biggest icons, boasting of an impeccable record as a leader. Apart from captaining one of the best Test unit, Australia under Waugh's leadership went on to win the ICC World Cup back in 1999 defeating Pakistan in the final. [...]
Knowing Ash Barty, it shouldn’t come as a surprise how she wishes she could play on the historic grass courts of the Kooyong stadium. World No. 1 Barty moved within one win of adding another chapter to her already brilliant career on Friday when she beat American Madison Keys 6-1, [...]
ISL 2021-22 Live Score and Updates, Odisha FC vs Hyderabad FC: Odisha FC will lock horns with Hyderabad FC in the 73rd match of the Indian Super League (ISL) 2021-22 on Thursday, 27th January 2022 at the Tilak Maidan Stadium. Odisha FC have been quite decent in this season so far. [...]
