Banks could expect more deposits after mutual funds lose indexation benefitOn Friday, the Lok Sabha passed the Finance Bill 2023 with some amendments. According to the Bill, mutual funds having less than 35% assets...
25 Mar, 2023, 02.08 AM IST
Bank loans to services sector surpass credit to industriesData available till November 18, 2022, show the outstanding loans to the services sector at ₹33.15 lakh crore, up 21.3% in one year. Outsta...
03 Jan, 2023, 12.50 AM IST
- RBI rate hike to manage growth-inflation dynamics, say bankers
SBI Chairman Dinesh Khara opined that the monetary policy statement, which was on expected lines, is a nudge to stay nimble and agile in a ...
30 Sep, 2022, 11.13 PM IST
Healthcare's booming & banks are going all out to finance itWhile Axis Bank has formed a separate team to focus exclusively on this segment, Bank of Baroda (BoB) has brought in a co-lending partner t...
25 Aug, 2022, 12.19 AM IST
IDBI Bank raises interest rates on retail term deposit by up to 25 basis pointsEarlier today, State Bank of India had also raised lending and deposit rates following the Reserve Bank's repo rate hike last week. SBI sai...
14 Jun, 2022, 08.00 PM IST
IDBI Bank set to foray into new loan segments to control slippagesThe bank is also looking to aggressively grow its co-lending book. It has already onboarded four NBFCs for co-lending to MSMEs which includ...
17 May, 2022, 12.13 AM IST
Lenders lend a helping hand to firms battling disruptionsWhile these discussions are at a very nascent stage, banks are seeking to pre-empt working capital disruptions for companies in the export ...
16 Mar, 2022, 03.59 PM IST
IDBI Bank, U GRO Capital ink a co-lending agreementU GRO Capital has been building its GRO – Xstream platform, which through APIs integrates with banks on one side and with fintechs, payment...
01 Oct, 2021, 01.26 PM IST
IDBI Bank launches digital loan processing system for MSME, agri borrowersThe Loan Processing System (LPS) for MSME and agri products seamlessly integrates with data fintechs, bureau validations, document storage,...
19 May, 2021, 05.05 PM IST
RBI turns focus to small borrowers, allows another loan recastBesides providing a restructuring window for small borrowers, the central bank also has allowed banks to extend the moratorium period for b...
06 May, 2021, 06.16 AM IST
Latest round of Covid restrictions has lenders fretting over rising defaultsYesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays...
06 Apr, 2021, 07.13 AM IST
Bankers welcome SC order but brace for hit on reversal of interestAlthough the Supreme Court (SC) has rejected petitions for a complete waiver of interest and extension of moratorium until the end of FY21,...
23 Mar, 2021, 08.31 PM IST
IDBI turns in a profit, hopes for quick exit from corrective actionIt is only on the RoA that the LIC owned private sector lender does not qualify.
01 Jun, 2020, 10.40 AM IST
Stocks in the news: RIL, Bharti Airtel, TCS, YES Bank, Vodafone Idea and HCL TechSources told PTI that no AGR demand notice was served either on GAIL or PowerGrid.
17 Jan, 2020, 08.20 AM IST
Suresh Kishinchand Khatanhar takes charge as deputy MD of IDBI BankSuresh Kishinchand Khatanhar has exposure in retail banking business, priority sector lending, corporate banking (mid corporate and large c...
15 Jan, 2020, 12.51 PM IST
Baby steps before leap: Global banks, now sense a new vista — regional tradeWith RCEP & trade deals, banks realise the future lies in regional areas and are preparing to grab opportunities.
30 Oct, 2019, 08.06 PM IST