Microfinance Firms In Turmoil As Collections Come To A Grinding Halt
RBI’s liquidity measures may offer respite, but will banks buy bonds of small, medium MFIs? Read more
Micro-finance Players In Talks With RBI, Government For Moratorium, Liquidity Support
Hope to resume partial operations soon Read more
CSB Bank Gold Credit Scheme
CSB Bank has introduced a pre-approved gold credit scheme called ‘Akshaya Gold Credit Line (AGCL). CVR Rajendran, MD... Read more
MPC Panel Voted For Rate Cut To Restore Consumer Confidence, Investor Sentiment
With the domestic economy getting impacted due to the global outbreak of Covid-19, restoring the confidence of producers... Read more
PNB Not To Go Below 26 Per Cent In PNB Housing Finance
Punjab National Bank (PNB) wants to continue to hold at least 26 per cent stake in PNB Housing Finance Ltd (PNBHFL) even... Read more
Moodys Takes Rating Action On Three NBFCs
Global rating agency Moody’s on Monday took rating action on three non-banking finance companies including Hero FinCor... Read more
Bandhan Bank Deposits Surge 32% In FY20
Deposits from micro-banking continue to be strong despite lockdown Read more
Mahabaleshwara Gets Three-year Extension As Karnataka Bank MD
Pursuant to the approval received from the Reserve Bank of India (RBI), the board of directors of Karnataka Bank has rea... Read more
IDFC First Bank Retail Deposits Up 157 Per Cent
IDFC First Bank reported a sharp rise of 157 per cent in its retail deposits, but deposit certificates fell by 75 per ce... Read more
Max Life Insurance, Yes Bank Extend Partnership By Five Years
The companies had started their bancassurance partnership in 2005 Read more
Locale.ai Raises Funding From Better Capital, Others
Bengaluru-based start-up Locale.ai has raised an undisclosed round of funding led by Better Capital, with participation ... Read more
EMIs, Credit Card Repayments: Confusion Continues Despite Moratorium
Bankers promise to iron out issues by next week Read more
Capital Float Raises $15 Million In Equity Funding From Existing Investors
Digital lending start-up, Capital Float, announced that it has completed a $15-million (₹110 crore) equity fund-raise ... Read more
NABARD To Give Refinance To SFBs To Provide Short-term Credit To Farmers, Small Businesses
The National Bank for Agriculture and Rural Development (NABARD) has decided to open its refinance tap for Small Finance... Read more
NBFCs Seek Liquidity Support,one-time Restructuring Of Loans
Suggests moratorium should be for all standard accounts as on Feb 29 Read more