Gold loan NBFC Indel Money looks to strengthen presence in western, central India
Gold loan non-banking finance company (NBFC) Indel Money has taken the decision to strengthen its presence in western and central...
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Enterprise
Priority Sector Lending target deadline for Urban Cooperative Banks extended
Urban cooperative banks (UCB) are getting more regulatory relaxations. The Reserve Bank of India (RBI) has extended the deadline for...
Read moreCooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute...
Read moreRBI’s gold reserve up over 40% in five years
The Reserve Bank of India’s gold reserves is up more than 40 percent since it resumed purchase of the yellow...
Read moreRural India throws NBFCs a lifeline in season of lost momentum
Overall loan growth by non-banking finance companies crawled in Q4, growing just 2% annually during the quarter. Both semi-urban and...
Read moreYes Bank aims to expand margins by 100 bps in next 3 years – MD
Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by...
Read moreBank loan rates drop in April, a first in 11 months
Bank lending rates declined for the first time in April after rising for 11 consecutive months, data from the Reserve...
Read moreTransfer of Sahara Life business unlikely to impact SBI Life’s balance sheet
Transfer of liabilities of around two lakh policies along with assets of Sahara Life is unlikely to have a major...
Read moreIOB-led lenders group puts Sion Panvel Tollways’ ₹862-cr bad loan on sale
Lenders, led by Indian Overseas Bank (IOB), are selling '862 crore of bad loans from Sion Panvel Tollways (SPTL), the...
Read moreICICI Bank commits ₹1,200 cr to Tata Memorial centre, largest donation made under CSR by any Indian company
ICICI Bank on Friday announced a commitment to contribute ₹1,200 crore towards Tata Memorial Centre (TMC), to expand infrastructure at...
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