Be wary of Big Tech: SIDBI chief warns MFIs of data misuse threat
Microfinance institutions (MFIs) would need to brace themselves up for the onslaught of digital disruption that is currently underway and
Continue reading
Category: Banking & Financial Services
Indian banks outperforming global peers in digital maturity score: Deloitte Survey Banks’ have opportunity and potential to rise further and become “Digital Champions”
Indian banks are outperforming their global peers in digital maturity score compared to the global average, per Deloitte India’s survey-based
Continue reading
Monetary policy contraction shock leads to riskier NBFC lending: Report
A contractionary trajectory in the monetary policy has led to a build-up of risk in NBFCs’ portfolios due to an
Continue reading
Shriram group to enter ARC and wealth management business
Shriram Capital, the holding company of Shriram Finance, is set to enter the asset reconstruction and wealth management business as
Continue reading
Five years after IL&FS debt resolution, 82 of its subsidiaries remain unresolved
Five years after IL&FS was put under a debt resolution mechanism, almost 82 of its subsidiaries remain unresolved, of which,
Continue reading
Rising bank financing for NBFCs raises concerns about systemic contagion: RBI’s research body
Rising bank financing for non-banking financial companies (NBFCs) raises concerns about systemic contagion and underscores the need for tighter preventive
Continue reading
Demand for used trucks offers huge financing opportunity for NBFCs
Financing for used commercial vehicles (CVs) continues to present a huge opportunity, and the segment offers a funding potential of
Continue reading
Canara HSBC offers life insurance plan for Karnataka Vikas Grameena Bank customers
Canara HSBC Life Insurance has launched a new guaranteed income plan for the customers of Karnataka Vikas Grameena Bank (KVGB).
Continue reading
Positive outlook for credit offtake in FY24: CARE Ratings
The outlook for credit offtake remains positive for FY24, supported by factors such as economic expansion and a steady push
Continue reading
Sundaram Finance posts a 20% rise in Q2 net, disbursements grow 35%
Sundaram Finance on Monday reported a 20 per cent increase in its standalone profit after tax (PAT) at ₹366 crore for the quarter
Continue reading