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HDB Fin Services to raise Rs 2,500 crore via debt capital for biz growth

After witnessing asset quality pressures in the aftermath of the pandemic, the finance company has improved its risk profile and health to support sustained growth in the loan book

AU Small Finance Bank rules out further hike in interest rates on deposits

Fincare SFB is slated to merge with AU SFB from April 1, 2024

IIFL Finance's lending partners mull options to grow gold loan book

This follows the Reserve Bank of India's (RBI's) restrictions on non-banking financial companies (NBFCs) from engaging in gold loan business

IIFL Finance board to consider fundraise on March 13 after RBI clampdown

IIFL Finance had said that Fairfax India had agreed to invest up to $200 million of liquidity support on terms to be mutually agreed upon and subject to applicable laws and regulations

Banks must give customers choice to select credit card network: RBI

Some arrangements between card networks and issuers are 'not conducive' for customers, it says

8 NBFCs to raise $2 bn through ECB after positive outlook for Indian firms

Overseas borrowing by Indian corporates and high-rated non-banking financial companies (NBFCs) is likely to grow as hedging costs are low and there is a softening bias of global interest rates

Banking system liquidity goes into surplus mode after three months

VRRR auction gets weak response

Battle for short term money likely to turn more intense in March

Mobilisation of funds via certificates of deposit increased 3x in February

Fincare Small Finance Bank merger with AU SFB gets RBI approval

To function as combined entity from April 1, 2024

Personal loan growth stays high in January despite hike in risk weights

The personal loan segment grew 21 per cent year-on-year (Y-o-Y) in January, compared to the 22.3 per cent Y-o-Y growth registered in October 2023

India Ratings lowers MFI sector outlook to 'neutral' from 'improving'

Flagging caution on overleveraging, the rating agency revised the outlook on the microfinance sector to 'neutral' from 'improving'

MSME loan portfolio's delinquency rate down to two year low of 2.3%: Report

The availability of enriched and timely credit data and rapid implementation of digital lending infrastructure has contributed significantly towards enhancing lender confidence, it said

State govt bonds to yield better returns under new investment regime

Under the new norms, banks must categorise bonds as "held-to-maturity" on a permanent basis, with the exception of 5 per cent of the portfolio that can be withdrawn throughout the year

RBI proposes road map for REs to address climate-linked financial risks

RBI said in the draft disclosure framework said REs are already required to disclose information on material risks as a part of their Pillar 3 disclosures

BS IMLC: IMGC expects to write mortgage cover worth Rs 11,000 cr in FY25

The company aims to provide guarantees worth Rs 7K cr in FY24

RBI consolidates reporting norms for REs, eases compliance burden

Consolidates 21 existing instructions; Audited returns to be filed within five days of signing reports

The Das approach: The RBI governor does what he does, and listens too

As RBI Governor Shaktikanta Das is accessible and pragmatic, he is also a reformer who stands his ground

Bank of Baroda reduces floating rate car loan by 65 basis points to 8.75%

The Mumbai-based public sector lender also offers a fixed rate of interest option on Baroda Car Loans, starting at 8.85 per cent per annum

Modi-govt focussed on innovation, tech development: Nirmala Sitharaman

She inaugurated the fifth campus of BITS Pilani in Mumbai, spread over 63 acres and with an investment of Rs 1,500 crore

ARCs' bad loan portfolio to touch Rs 1.6 trillion by FY25, says CRISIL

The report said the growth in the future would largely be driven by higher acquisitions, though capped by quicker resolutions expected in retail assets