HDFC Bank aims to regain cards market share in 3-4 months
Also, there is a larger 60 million-strong base available for customers who are sort of keen on taking credit cards.HDFC...
Also, there is a larger 60 million-strong base available for customers who are sort of keen on taking credit cards.HDFC...
The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 49,696 crore to more than...
The non-life insurance industry continued its strong performance with July numbers reporting 19.5 per cent growth in line...
Ghosh said Carol Furtado is the top candidate to become the interim CEO of the bank.Ujjivan Small Finance Bank is...
The company has carried provisions for expected credit losses to the tune of Rs 368.4 crore or 3.1% of total...
Suryoday SFB took the route of funding its customers through its overdraft facility, where the customer is charged only on...
Analysts viewed the development as a positive for the bank. The lifting of the regulatory embargo on issuance of new...
The first half of the financial year typically sees muted loan growth before the busy season begins with the festive...
According to data released by the National Payments Corporation of India, of the 86.47 million debit requests made in July...
He also said that the judgment was delivered only after all the banks through Indian Banking Association were heard.In a...
Anubhab Datta is grieving and waiting. Grieving for his father who died of Covid in May this year,...
NBFC-MFIs witnessed a decline of around 5%. Banks held a 44% market share in the microfinance segment at the end...
The Kerala-based finance company, which also operates a home loan, micro-finance and insurance broking subsidiaries said the company is going...
They must also have demonstrated ability to commit funds for investment or deployment in Indian companies or assets of approximately...
The Income Tax Department on Wednesday said it will refund the excess interest and late fee paid by...
The first half was a record with fund flows totalling USD 98 billion, compared to USD 121.5 billion in 2020.Attracting...
Shriram Housing Finance MD & CEO Ravi SubramanianFor Shriram Housing Finance (SHFL), which has completed a decade of operations, the...
The road ahead for overall asset quality remains uncertain and would depend on the likely emergence of a new wave...
Shriram City has a large, active customer base of 4.3 million spread across 926 branchesShriram City Union Finance (Shriram City),...
In contrast, the bad loan ratio of scheduled commercial banks stood at 7.5% as of March 2021, having eased from...
Nitin Chugh, MD & CEO, Ujjivan SFBUjjivan Small Finance Bank restructured around Rs 571 crore of loans up to July...
That was the one-off which I believe should now start changing, and we should be getting back to normal operations...
The bank’s capital adequacy as per Basel III norms stood at 19.58% and tier-1 capital adequacy was at 18.51%, well...
The bank’s capital adequacy as per Basel III norms stood at 19.58% and tier-1 capital adequacy was at 18.51%, well...
In its view, Indian Bank is likely to maintain its solid funding and liquidity profile over the next 18-24 months.S&P...
Experts also pointed out that RBI had given the relaxations as the earnings of companies were impacted due to the...
On comparing the results of banks from the pre-Covid days with their numbers in March 2021, one can see an...
On comparing the results of banks from the pre-Covid days with their numbers in March 2021, one can see an...
The loan assets under management fell by Rs 145 crore q-o-q as the company decided to go slow on non-gold...
State Bank of India (SBI), CSB Bank and Federal Bank were among the lenders who reported an increase in non-performing...
The cost of deposits has improved by 84 basis points (bps) to 4.53% in the quarter as compared to 5.37%...
SBI has seen a pullback of about Rs 4,700 crore of slippages in the last one and half months, he...
The Bill proposes to give customers access to their deposits up to Rs 5 lakh within just 90 days if...
Deposits increased 6.7% y-o-y to Rs 5.52 lakh crore at the end of June 2020. The current account savings account...
Net NPAs were at Rs 3,998 crore, with a ratio of 3.15% as against Rs 6,081 crore, with a ratio...
The responsibility of addressing the grievances of its customers shall rest with the PSO, including in respect of the services...
The sale of assets to ARCs, banks, non-banking finance companies and financial institutions will be on ‘as is where is...
The collection efficiency for individual loans on a cumulative basis in June stood at 98.3%, compared to 98% in March.Housing...
Sam Gupta, Director & CEO, RBP Finivis Amid the Covid-19 pandemic in the country, fintechs have been at the forefront...
Chandra Shekhar Ghosh, MD & CEO, Bandhan BankA third wave of Covid-19 would be a challenge for microfinance customers and...
In Q4FY21, gross slippages were around Rs 3500 crore.Private sector lender Bandhan Bank on Friday reported a 32.14% year-on-year (y-o-y)...
For instance, Essar Steel India Limited was acquired by Arcelor Mittal India Pvt. Ltd. for Rs. 41,018 crores as against...
Albert Einstein once said, "The hardest thing in the world to understand is the income tax." Thankfully, with the...
The Income Tax Department on Friday said it has issued refunds worth over Rs 43,991 crore till July...
The lender has strengthened its balance sheet by increasing provision coverage ratio (PCR) by 156 bps to 81.43% in June...
In addition, the investment also marks IFC’s first in India aligned to the greening equity approach, which will enable the...
The new Income Tax Department website, which has been marred by glitches, has successfully received over 25 lakh...
On the outlook, Lakshminarayanan said while the longer-term outlook remains strong with the demand for housing being expected to grow...
The Thrissur-based lender had reported a net profit of Rs 6.09 crore in Q1 of FY21 and Rs 5.28 crore...
The net interest margin (NIM) of the lender improved 125 basis points (bps) YoY to 4.06%, but declined 108 bps,...
With glitches still haunting the new income tax portal, Finance Minister Nirmala Sitharaman on Wednesday said she wished...
Both EHL and Equitas Small Finance Bank are listed on the stock exchanges and EHL holds a 81.98 % stake...
The capital adequacy ratio (CAR) stood at 17.57% during the quarter under review, compared to 15.16% as on June 30,...
Banks in most states will observe a holiday on 19 August 2021, on account of Muharram.Bank Holidays in August 2021...