In order to deconstruct banking, we begin with the term deposit. Do banks take ‘deposits’? No
The rural fintech startup has given loans worth Rs 50 crore to farmers in the last six months.
Demand for secured lending products like auto loans and home loans is likely to remain weak for some time, the TransUnion CIBIL report states.
Transmission has accelerated but there are still a lot of inhibiting factors
The company is positioning itself for a post-coronavirus world that is expected to see a spike in demand for digital customer services
The startup will use funds to hire fresh talent and scale up operations
Study implies there has been a secular deceleration in trend GDP growth since 2009
Cab aggregators are looking to diversify as business growth is slowing down. Softbank-backed Ola already does transactions and an NBFC licence will help it diversify into allied segments for growth.
The year 2017 tested the staying power of many entrepreneurs. The implementation of the Goods and Services Tax (GST) this time last year marked a seismic shift in the way the government interacts with the private sector.
The MCLR regime was introduced by the RBI in April 2016 for better transmission of policy rate reductions to bank customers.
Morgan Stanley feels that Axis may have seen interest based on its strong retail deposit franchise, which make up for almost 80 percent of its funding. However, it has also highlighted concerns on the bank's profitability based on its NPAs.
BRICS countries' National Development Bank expects its lending to double every year over the next 2-3 years and is looking at leveraging its USD 10 billion capital in first 6-7 years, NDB President K V Kamath has said.
Banks are the conduit through which the benefits of a high deposit base are likely to accrue. But if banks use it as a toll gate and start charging for every transaction, the economy would go back to its old ways.
Interest rate is one of the factors, and probably the most important one, while taking a loan. However, there are other things that are important to consider.
Reserve Bank of India (RBI) has tightened the rules for bank's lending to large corporate entities. The rule is applicable from April 1, 2019.
Unlike Raghuram Rajan, Urjit Patel does not take over in a crisis. But the new RBI Governor may well find that normalcy is not much easier than a crisis.
The consolidation of more banks may begin from next fiscal as the priority today is to unlock the jammed lending system with the Non-Performing Assets (NPAs) sitting over balance sheets of banking institutions, Banks Board Bureau chief Vinod Rai said today.
Reserve Bank Deputy Governor S S Mundra on June 9 asked banks to refrain from being "over-zealous" while lending, saying it leads to over-indebtedness of customers, results in default and spoils their credit history
JP Morgan feels Yes Bank's model of structured lending and aggressive monitoring and recoveries helps it avoid credit losses even when lending to weaker corporates and sectors
Religare Enterprises is all set for a three-way split as a part of its restructuring process. Post this, the company will be able to list its first health insurance company on Indian bourses.
Credit offtake to industry, which has seen decline in the recent past due to slowdown in certain sectors and issues related to bad loans, is likely to see an uptick from next month, Bank Board Bureau chief Vinod Rai said on May 12
We should look at Equitas as a small finance bank now and not really as a purely as a microfinance play, says Dipen Sheth, Head Institutional Research, HDFC Securities
Indiabulls Housing Finance today said it has lowered its lending rates by 0.25 percent to 9.60 percent from the existing 9.85 percent.
The effective home loan rate for new customers would be 9.65 percent, while for women borrowers, it would be 9.60 percent, HDFC said in a statement. The existing rate for new customers is 9.9 percent, whereas for women, it is 9.85 percent.