Page 13 - Finance Sector

Darwinbox secures $140 million investment from Partners Group, KKR

The investment aims to accelerate the company's international expansion and enhance its technology capabilities

Deposit insurance demystified: Exploring the future of bank deposit safety

From a risk perspective, it is better to spread your deposits across multiple banks, given the extent of the current deposit cover

BS Manthan highlights: US protective of its top dog status, it feels beleaguered, says Suman Bery

Business Standard Manthan highlights: Catch all the latest developments from the summit here

Manthan Day 1 Highlights: Against all odds, India is moving ahead with growth, says FM Sitharaman

Business Standard Manthan updates: Catch all the latest developments from the summit here

After crossing Rs 8 trn, SBI aims Rs 10 trn home loan book by Mar'27: Setty

SBI's home loan portfolio grew by 14.26 per cent year-on-year (Y-o-Y) to Rs 7.92 trillion as of December 2024

Micro-credit disbursements decline 35.8% in Q3 of current fiscal: MFIN

Disbursement of microfinance loans has declined 35.8 per cent to Rs 22,091 crore during the third quarter ending December 2024 as compared to the similar previous corresponding period, Microfinance Institution Network (MFIN), an umbrella body of the microfinance institutions (MFIs), said in its report. Assets under management (AUM) of the MFIs at the end of December 2024 stood at Rs 1,42,695 crore, showing a decrease of 0.1 per cent against the same period ending December 2023. The average loan amount disbursed per account during the third quarter was Rs 51,691 crore, registering an increase of 15.2 per cent in comparison to the same quarter of the previous fiscal. Portfolio at risk (PAR), defined as unpaid loans of more than 30 days, deteriorated to 8.8 per cent as of December 31, 2024, compared to 3.5 per cent in the previous corresponding period ending December 31, 2023, the report said. During the current third quarter, NBFC-MFIs received debt funding of Rs 12,921 crore, mainly

Aided by branch expansion, Moneyboxx Finance's AUM rises 56% to Rs 837 cr

Moneyboxx Finance, which provides business loans to micro and small entrepreneurs, has reported a 56 per cent increase in its assets under management (AUM) to Rs 837 crore at the end of December 2024, aided by branch expansion and enhanced productivity. Its AUM stood at Rs 536 crore in December 2023. In a release, Moneyboxx said that in the third quarter of the current fiscal, it moved towards establishing a pan-India presence by launching operations in key southern states, including Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. In line with this expansion, the company said its strategic focus on secured lending yielded strong results, with secured loans accounting for 38 per cent of AUM in the third quarter of fiscal 2024-25, more than doubling from 17 per cent in the year-ago period. Moneyboxx Finance reported a 30 per cent growth in profits in the nine months of fiscal 2024-25 at Rs 6.53 crore, compared to Rs 5.02 crore in the year-ago period. Its profit in the third ...

RBI curbs on New India Co-op Bank: Deposit insurance offers silver lining

Customers pin hopes on Rs 5 lakh insurance payout as RBI freezes withdrawals

Is 'one state, one RRB' plan right solution for struggling banks?

Do we need RRBs? Regional rural banks are fraught with problems, from financial to governance issues

NITI proposes fee autonomy, infra financing agency for state universities

SPUs are universities established or incorporated by a state act and funded by state governments. Currently, there are 495 SPUs with over 46,000 affiliated institutions in India

RBI's repo rate cut: The global environment will pose risks

The RBI expects the consumer price index-based inflation rate to average 4.2 per cent in 2025-26 - assuming a normal monsoon - compared to the projection of 4.8 per cent this financial year

Small can be beautiful: MSME sector gears up for transformational changes

The MSME sector may be on the cusp of a big change if it seizes on the opportunities in financing and protection in getting dues

BC network has to be commercially viable: PayNearby Founder, MD & CEO

Says with higher rentals, cost of Aadhaar devices and the know-your-customer paraphernalia, the commercial viability of the BC network is certainly to be looked at

After RBI rate cut, should you reduce EMIs or shorten loan tenure?

The exact gain for each home loan borrower will depend on their current principal outstanding and interest rate

Slowing growth of unsecured loans satisfactory: RBI Governor Malhotra

The RBI also noted that bank funding to non-banking finance companies (NBFCs) has declined following the increase in risk weight on bank loans to shadow banks

RBI to introduce exclusive internet domains for banks and non-banks

RBI proposes additional factor authentication (AFA) for online international 'card-not-present' transactions

Intervention aims to maintain stability, orderliness: RBI Governor Malhotra

Market participants said that the Governor's statement suggests that the RBI is indicating a willingness to allow market-driven depreciation while maintaining some level of intervention

Infibeam Avenues' subsidiary receives approval to offer UPI payments

Axis Bank will act as the payment service provider (PSP) bank for RediffPay

NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre

A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)

Secy group on asset monetisation to meet on Thursday; to discuss NMP 2.0

The CGAM, comprising relevant infrastructure secretaries, undertakes periodic reviews to monitor the progress of transactions and resolve structural issues