Five Star Secures $50 Million From Existing Investor TPG
Five Star Business Finance, a Chennai-based non-banking finance company that lends to small businesses, has raised $50 m... Read more
Bank Of Baroda Plans To Raise ₹13,000 Crore By December
Bank of Baroda (BoB) is planning to bolster its capital base by raising up to ₹13,000 crore by December to support a 1... Read more
DHFLs Lenders Ready To Accept Limited Haircuts: Sources
Lenders to Dewan Housing Finance Ltd (DHFL) are ready to accept limited haircuts in a restructuring plan being worked ou... Read more
CredRight Sets Loan Disbursal Target Of ₹50 Cr For This Fiscal
Fintech start-up CredRight is targeting ₹50-crore disbursal of unsecured loans to micro, small and medium enterprises ... Read more
Federal Bank Net Zooms Over 46% On Fee Income, Stable Assets
Federal Bank’s net profit shot up by 46.25 per cent to ₹384.21 crore in the first quarter of this fiscal on the back... Read more
DCB Bank Records 17% Jump In Profit
Private sector lender DCB Bank has reported a 16.63 per cent increase in net profit at ₹81.06 crore for the first qua... Read more
SEBI Provides New Format For Compliance Report On Corporate Governance
Markets regulator SEBI on Tuesday came out with a new format for compliance report on corporate governance to be submitt... Read more
Rupee Falls 17 Paise Against Dollar On Rising Crude, Capital Outflow
The rupee on Tuesday depreciated by 17 paise to close at 68.71 against the US dollar due to rising crude oil prices and ... Read more
Central Bankers Are Sick Of Rescuing The World Economy Alone
Monetary policy around the world are near the limits of its power Read more
IMF Lowers Singapores 2019 Growth Forecast To 2 Per Cent
The International Monetary Fund sees Singapore’s economic growth slowing to 2 per cent in 2019 as global trade tension... Read more
IOB To Focus On Three More Areas As It Eyes Profit This Fiscal
Indian Overseas Bank (IOB) will be strengthening its turnaround plan by adding a few more focus areas to the strategy in... Read more
Budget Provisions May Rekindle Retail Investor Interest In G-Secs And T-Bills
Lack of familiarity, exit mode seen as challenges Read more
State Bank Of India Cuts Lending Rates By 5 Bps
State Bank of India on Tuesday said it will pare its marginal cost of funds based lending rate (MCLR) by 5 basis point... Read more
Budget Proposal Not To Charge MDR Will Hurt Industry, Says Payments Council
The payments industry has raised concerns over the Budget proposal to levy zero MDR on all merchants and has said it wil... Read more
NABARD Sees Further Consolidation In Rural Banks Space This Fiscal
Bank moving towards risk-based supervision of banks governed by it Read more