Tata Sons looks to shed its ‘Upper Layer NBFC’ tag
Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in...
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Enterprise
UP seeing fast increase in new borrowers: Transunion Cibil
Credit penetration is fast increasing in historically under-banked regions. Uttar Pradesh has shown the strongest improvement in credit health with...
Read moreRBI OKs Hinduja hiking IndusInd Bank stake
The Reserve Bank of India (RBI) has given in-principle and conditional approval to IndusInd International Holdings Ltd, a Hinduja Group...
Read more47.8 cr Jan Dhan accounts opened, says FM Sitharaman
As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014...
Read moreGovt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
A 'Mahila Samman Saving Certificate' with a fixed interest rate of 7.5 per cent for two years was announced on...
Read moreGold loan NBFCs seek ‘priority’ sector status
Gold loan non-banking finance companies (NBFCs) have sought 'priority' sector status for eligible gold loans, including microloans, loans to farmers...
Read morePunjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD
Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery...
Read moreCredent Global Finance in talks to raise Rs 500 crore for tier-II projects
Credent Global Finance (CGF), a BSE-listed, Sebi-registered NBFC is in talks to raise ₹500 crore under AIF to fund mid...
Read moreBanks on branch addition spree to cash in on credit growth
Indian banks are on a branch addition spree as they look to capitalise on the purple patch in credit growth....
Read moreNo significant risk to Indian banking system from Adani Group: CLSA
Global broking and research firm CLSA on Thursday said it sees no significant downside risk to Indian banks from Adani...
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