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Canara Bank recovers over half of ₹500 crore Rajesh Exports exposure, CEO outlines growth strategyCanara Bank has recovered over half of its ₹500 crore exposure to Rajesh Exports and is pursuing legal avenues for the remaining amount. Th...- Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...
- Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growthKarur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offerin...
- India's gold loan market has huge potential, there's lot of idle metal: George Alexander MuthootThe rise in prices will add to the growth momentum as it will give more borrowing power to those who are pledging gold. The uncertainties w...
- Canara Bank chief says core income to support stability after profit decline on treasury lossesCanara Bank saw a 10% dip in net profit last quarter, mainly due to treasury losses. The bank is now prioritizing core income to maintain i...
- CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank, a lender backed by Prem Watsa, is adopting a cautious stance on gold loans following global uncertainties. The bank intends to sh...
- Global uncertainties impact gold loan prices; so CSB will remain cautiousIn light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lendin...
- CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay MondalCSB Bank is turning cautious on gold loans amid price volatility linked to geopolitical tensions. The lender expects slower growth, shiftin...
- CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
- New India Cooperative Bank collapse and its ripple effect on UCBs across IndiaThe Urban Cooperative Banks (UCBs) sector is under scrutiny following regulatory actions, with 1,472 banks and significant deposits and adv...
- Reserve Bank supersedes boards of Srei Infrastructure, Srei Equipment FinanceLast week, a consortium of lenders led by UCO Bank sought central bank directions on pursuing recovery of dues from the Srei Group after lo...
- Air India looks to fly Jet planes on 5 international sectorsThe national carrier is also looking to take Jet's grounded Boeing 777 aircraft from State Bank of India on lease.
- RBI moves to boost digital transactions, protect usersRBI announced reduced consumer liability in case of reported fraudulent digital transactions, and a grievance redressal mechanism for such ...
- United Bank of India restricts fresh NPA, but reports fifth quarterly lossThe ratio of gross non-performing assets slipped to 22.73% from 17.17% a year back.
- 4 ET journalists bag Shriram Awards for financial reportingSaloni Shukla, Joel Rebello, Atmadip Ray and Hari Pulakkata of ET bagged the awards for their respective stories.
- What has changed in RBI’s policy makingThe MPC brainstormed for two days, similar to the process adopted by the US Federal Open Market Committee.
- Flipkart tweaks discount strategy for saleBrands have passed on inventory just for the sale period at a lower price to sellers at Flipkart and they have also agreed on a lower margi...
- IFC picks up close to 11% in MFI Bandhan Financial Services for Rs 135 croreIFC has bought into Bandhan Financial Services, a microfinance institution, with the investment valued at close to 135 crore.
- Grameen should foray into insurance, pension: YunusBangladesh Nobel laureate and Grameen Bank founder Muhammad Yunus wants to ensure that nothing comes in the way of the bank’s stability.
- Nabard may not issue Bhavishya Nirman Bond this yearBhavishya Nirman Bond, a favourite tax saving tool for many, may not be available in the market very soon.
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