Online service 'Smart Finance' to cover 30 cities, Company says this will result in improvement of enquiry to sales conversion
At Rs 8.27 trillion, borrowing at record high this year
Rehauling of business strategy is presently underway; set to approach the RBI for banking license once final guidelines is released
The RBI's stance on CIC structures is to be read along with its discomfort with leverage through the pledge of shares.
Indian Railway Finance Corporation initial public offering of about Rs 4,600 crore may hit the markets later this month, a first by a non-banking financial company in the public sector
Banking regulator to also prescribe dividend distribution norms
RBI has proposed scale-based regulatory approach as the way forward for non-bank lenders
Feedback on banking licence terms may be given to RBI in a fortnight
Combined entity would be nearly half SBI's size and in an indisputable No 2 slot; cost of funds a hurdle though
Tough for banks to keep NPA levels low in future
In a Q&A, the MD of Shriram Transpport Finance, which has an AUM of Rs 1.13 trillion, explains why his company is in no hurry to acquire a banking licence
Bajaj Finserv has surged over 50 per cent in less than 15 sessions.
Equitas Holdings and IDFC were locked in the 20 per cent upper circuit at Rs 63.40 and Rs 40.10, respectively on the BSE
In a notification to the exchanges, the lender said, RBI has appointed an auditor to conduct a special audit in exercise of its powers under Section 45 MA (3) of the RBI Act, 1934
The RBI committee has recommended doing away with one size fits all approach to private banks' ownership
India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects
The rules come at a time when the liquidation process takes much longer than envisaged under IBC
The banks don't provide for their bad debts adequately, and take four to five years to provide for them, which creates problems.
Offers turn conservative as buyers rule out paying premium, say deals will be delayed by a year if sellers want value; banks aren't getting even 15% dues in the case of DHFL
In personal loans, both state-run and private banks have a higher share compared to NBFCs