Test drive over, HDFC Bank plans to go big on EV loans
HDFC Bank is aiming to treble its lending to electric vehicle (EV) purchases in three years after an early test...
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Enterprise
Banks increase EBLRs by 190 bps in tandem with RBI’s repo rate hike
All major banks have increased their external benchmark-based lending rates (EBLRs) by 190 basis points in tandem with the hike...
Read more‘Ather Energy on road to 5x revenue growth in FY23’
Electric vehicles (EV) maker Ather Energy is on course to increase its revenues fivefold year on year this fiscal to...
Read moreBanks prefer to give loans now than buy bonds
Investments to deposits ratio of the Indian banking industry fell to a four-month low as banks allocate more of their...
Read moreFinancial sector reliance on 2-3 big tech companies poses major risks: Axis Bank CEO Amitabh Chaudhry
Companies providing software and other technology support like cloud services to the financial system are trickling down to a few,...
Read moreICAI probing financial disclosures of Byju’s, says President Debashis Mitra
Chartered accountants' apex body ICAI is looking into the financial disclosures made by edtech major Byju's amid concerns that there...
Read moreSBI sees 14%-15% corporate credit growth in FY23
India's largest lender State Bank of India expects corporate loans to grow at a pace of 14% to 15% this...
Read moreTTBS cloud-telephony Smartflo boosting BFSI operations across the country to accomplish financial inclusion goals
India’s commitment to bringing every person living within the boundary under the cover of banking and financial services benefitted greatly...
Read moreIRDA directive to shun brokers for gilt trades baffles insurers
Insurance companies, a significant investor group in the financial markets, have been told by the regulator that they can no...
Read moreACRE offers to buy LIC’s Rs 3,400 crore Reliance Capital bonds
An Ares SSG Capital-backed asset reconstruction company (ARC) has given a binding offer to Life Insurance Corporation (LIC) to acquire...
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