A lower interest rate looks tempting, but a home loan transfer only makes sense if the maths and the mechanics both work in your favour.
The introduction of another government-backed NBFC raises concerns about the redundancy of such entities and their questionable effectiveness. Infrastructure finance can be raised much better through market-based mechanisms
The key lesson from the recent RBI action that stops two Bajaj Finance products from lending is: Treat thy consumers with respect
The institution wants to test the market in terms of pricing with the small issuance, Rajkiran Rai, managing director at the National Bank for Financing Infrastructure and Development, India’s new development finance institution, said in an interview.
Rekha Jhunjhunwala now owns 1.17% stake, or 24.50 million, shares in the Kochi-based Federal Bank
The south-based lender has cut its IPO size to Rs 1,960 crore from Rs 2,752 crore earlier planned. The issue will be a pure offer for sale
The IPO, which will close on November 4, consists of a fresh issue of Rs 600 crore and an offer for sale of up to 13.70 million shares
The Asian Development Bank follows India with USD 360 million in loans. They account for 76 per cent of total disbursements from January to April 2022.
A rival consortium led by private equity firm Cerberus and Asset Reconstruction Company of India withdrew its bid after submitting an expression of interest earlier this year, two sources said.
The stock has been under pressure since the last seven sessions due to floods in Assam. It fell over 11% to hit a near three month low on Monday and has lost 17% since 9 June. Year to date, the lender is up 9%.
Dewan Housing Finance Corporation (DHFL) on Tuesday said it will not make any interest or principal payment to lenders as well as bondholders as the company is under resolution process.
The real-time payments data and a risk-management system analyses over 3,000 variables to approve instant disbursement of loan requests
The company’s total provisioning as on June 30 was Rs 17,238 crore excluding an additional provisioning of Rs 1,793 crore that has to be made as per banking regulator’s norms.
AB Fashion, Voltas and Welspun India are among a few stocks that investors are focusing on Monday.
The private bank allotted 3.27 crore shares at a price of Rs 1,500 per share.
The bank, at its Board Meeting, decided to raise Rs 5,500 crore through the issue of up to 6.2 crore equity shares. The fund-raising will lead to an equity dilution of up to 3.4 percent.
CNBC-TV18 had reported, quoting news agency Cogencis, that the bank will merge as many a 450-500 loss making branches as well as cut zonal offices in the next financial year
Mid-sized private sector lender RBL Bank today reported a steep 59 percent jump in its December quarter net at Rs 128.7 crore on the back of a healthy 46 percent growth in advances despite the note ban during most part of the quarter.
Having already bought Rs 1,400 crore of mortgage portfolio in the first half of this financial year, Federal Bank on Wednesday said it will continue with such purchases and is closing in on another transaction.
There are a multitude of reasons why lenders approach entrepreneurs with caution -- ranging from fear of the unknown, lenders‘ risk appetite and past experiences with entrepreneurs. But these can be overcome, writes Sumedha Salunkhe Naik of Syntellect.
About 60 percent of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas, sources said.
According to a CNBC-Tv18 poll, the bank's net interest income (NII) may also fall 4.4 percent to Rs 3032.6 crore against Rs 3171.7 crore in year-ago period.
Analysts polled by CNBC-TV18 say that SKS Microfinance's margin may improve on account of lowering interest rate.
The bank's long-term local and foreign currency bank deposit ratings have been affirmed at Baa3 with a positive outlook.
GM Yadwadkar, executive director, IDBI, a lender to the power plant, says starting of the business is a big positive for the industry.