SMEcorner Raises $30 Million In Debt, Equity
Rajesh Kurup SMEcorner, a fintech SME lender, has raised $30 million through a combination of debt and equity, led by pr... Read more
CredAble, Northern Arc Capital Tie-up For Online Bill Discounting Business
CredAble, a supply chain financing fintech platform, announced closure of India’s first invoice- backed securitisation... Read more
Unions Fear Bank Officers May Be Hauled Up If Farm Loans Turn Sour
The loans were extended to small and marginal farmers during a recent two-week campaign Read more
HDFC Banks Aditya Puri Sells 12.52 Lakh Shares Worth ₹151 Cr
The CEO is looking to offload more of his stake ahead of his retirement Read more
Goldman Sachs Pleads Not Guilty In 1MDB Case
Three units of Goldman Sachs pleaded not guilty on Monday in Malaysia over the investment bank’s alleged role in the m... Read more
Why The European Central Bank Is In For A Coronavirus Shocker
It was the calm before the storm. Last week, new data showed that the euro-zone economy had seen an encouraging rebound ... Read more
Microsoft, SBI Foundation To Upskill Youth With Disabilities For BFSI Jobs
Microsoft has collaborated with SBI Foundation to create opportunities in the banking and financial services and insuran... Read more
Incentive Scheme For Sale Of Third-party Non-banking Products Under RBI Lens
Action follows fear of mis-selling, loss of focus on core banking activities; SBI and some other banks put on hold such ... Read more
IBC Check: In 3 Years, Just 6 Per Cent Of 3,312 Cases Have Seen Resolution
In December 2019 quarter, lenders have taken an 88% haircut on resolution Read more
Banks Lured By Record-low Borrowing Costs Binge On Bonds
Rupee bond sales by Indian banks are off to the best start in five years as the lenders lured by record-low borrowing co... Read more
RBI Study Sees Boost In Planned Capex Of Pipeline Projects
There has been a noticeable improvement in 2019-20 in the planned or envisaged capital expenditure (capex) from all sour... Read more
PSBs Recover Record ₹2.03 Lakh Crore Bad Loans In Last One-and-half Years: FM
Bad loans fall to ₹7.27 lakh crore at the end of September 2019, down from ₹8.96 lakh crore at the end of March 2018... Read more
Union Bank Reports Four Times Jump In Q3 Net Profit To ₹575 Crore
Huge recoveries coupled with lower provisioning requirement helped Union Bank of India report an almost four times jump ... Read more
Bank Of Baroda Cuts MCLR By Up To 10 Basis Points
State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 ... Read more