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On August 5, Indostar Capital reported its highest ever quarterly net loss for the quarter ended March at Rs 767.2 crore.
Strap: The ten cheapest education loan offers range from 6.95-8.65 percent, with state-owned majors Central Bank of India, Punjab National Bank and State Bank of India occupying the top three slots.
The increase in lending rate comes days after the Reserve Bank of India hiked its benchmark lending rate by 50 basis points to tame inflation.
In the June quarter, Bank of Maharashtra (BoM) and State Bank of India (SBI) were in the lowest quartile as far as Gross Non Performing Assets (NPAs) and net NPAs were concerned, according to an analysis of the quarterly financial numbers published by the public sector lenders.
The top five banks by asset size accounted for half of the reduction in provisions and 53 percent of the drop in bad loans. This means small lenders are yet to recover completely
Paytm has acquired a large number of merchants from big and small cities across the country, amassing a large base which Piramal Finance plans to leverage and bring ease of credit to small business owners.
The share of high risk MSME loans in total MSME loan book of lenders rose, especially for private sector banks, according to credit bureau Cibil Transunion
A 50 bps rate hike may seem hawkish, but it was required to control inflation, South Indian Bank MD & CEO Murali Ramakrishnan said
The banking regulator has decided to bring credit information companies into its integrated ombudsman mechanism net
Typically, when interest rates goes up, banks tend to extend loan tenure and not EMI first, pushing up the interest outgo for home loan borrowers significantly over long tenures of 15-30 years
Possible to maintain 94 percent-95 percent collection efficiency this fiscal, the MD said
During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year.
Since financial markets are volatile, you have to assess if you are on track towards your financial goals. A few small tweaks can help you stay on track, when things appear off track.
Chandra Shekhar Ghosh said that 99 percent of the total microfinance loans disbursed by Bandhan Bank since June end last fiscal were being repaid on time
The hunt for deposits would intensify among banks which could push up retail deposit rates further.
The size of its total balance sheet grew 17 percent YoY to Rs 3.18 lakh crore as on June end
While assets rose at a faster pace, deposits grew 10.4 percent YoY growth to Rs 3.16 lakh crore as on June 30
The bank is likely to report 32.5 percent year-on-year growth in net profit to Rs 2,176 crore for the quarter ended June, the average of the estimates of seven brokerages surveyed by Moneycontrol showed.
RBL Bank’s total deposits grew 6 percent YoY to Rs 79,216 crore at the end of June, sharply lower than the industry standard.
Provisional credit growth data filed by lenders with stock exchanges point to a revival in credit demand.
Given that companies are willing borrowers and banks are all too happy to lend, the growth rate may continue in the coming quarters.
Paytm has also reached its highest number of monthly transacting users on super app at 76 million in June
