RuPay cardholders to get 25% cashback on in-store purchases in 7 countries till July 31
NPCI’s RuPay card network has announced a limited-time special cashback offer scheme for both RuPay credit and debit cardholders, from
Continue reading
Category: Banking & Financial Services
Finmin discusses NBFC-related issues and concerns with Chief Executives of top companies
Finance Ministry on Thursday held wide-ranging consultations with the chief executives of top Non-Banking Finance Companies (NBFCs) on the issues
Continue reading
Priority sector: RBI may consider demand for sub-target for export credit
The RBI may consider exporters’ demand for a sub-target for export credit within the existing 40 per cent target for
Continue reading
PNB Housing Finance aiming to grow affordable housing book to ₹4,000 crore by end March 2025, says MD and CEO Girish Kousgi
PNB Housing Finance Ltd (PNBHFL) is looking to grow its retail book by 17 per cent this fiscal, its MD
Continue reading
Over-reliance by NBFCs on retail unsecured lending, top-up loans and capital market funding may bring grief: RBI Dy Guv Swaminathan
Highlighting the fancy among most non-banking financial companies (NBFCs) to do more of the same thing, such as retail unsecured
Continue reading
IIFCL plans to open Gift City branch this year: MD
IIFCL, a leading State-owned diversified infrastructure lender, plans to open a branch office in GIFT City, the country’s sole international
Continue reading
SBI raises short-term retail deposit rates by 25-75 bps
State Bank of India (SBI) has increased interest rates on retail domestic term deposits (Below ₹2 crore) by 25-75 basis
Continue reading
ARCs’ Security Receipt redemptions improve in FY24, says Association
The consideration paid for acquiring stressed assets and redemption of security receipts (SRs) by asset reconstruction companies (ARCs) improved in
Continue reading
Strong credit demand to support NBFCs’ profitability despite rising funding costs
Even as funding costs for NBFCs are rising, strong credit demand fuelled by robust economic growth will support the sector’s profitability. Further, robust
Continue reading
Bolster governance and assurance functions: RBI to NBFCs
Non-banking financial companies (NBFCs) should bolster governance and assurance functions and maintain constant vigil against potential risks and vulnerabilities, according
Continue reading