A 50 bps rate hike may seem hawkish, but it was required to control inflation, South Indian Bank MD & CEO Murali Ramakrishnan said
The banking regulator has decided to bring credit information companies into its integrated ombudsman mechanism net
Typically, when interest rates goes up, banks tend to extend loan tenure and not EMI first, pushing up the interest outgo for home loan borrowers significantly over long tenures of 15-30 years
Possible to maintain 94 percent-95 percent collection efficiency this fiscal, the MD said
During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year.
Since financial markets are volatile, you have to assess if you are on track towards your financial goals. A few small tweaks can help you stay on track, when things appear off track.
Chandra Shekhar Ghosh said that 99 percent of the total microfinance loans disbursed by Bandhan Bank since June end last fiscal were being repaid on time
The hunt for deposits would intensify among banks which could push up retail deposit rates further.
The size of its total balance sheet grew 17 percent YoY to Rs 3.18 lakh crore as on June end
While assets rose at a faster pace, deposits grew 10.4 percent YoY growth to Rs 3.16 lakh crore as on June 30
The bank is likely to report 32.5 percent year-on-year growth in net profit to Rs 2,176 crore for the quarter ended June, the average of the estimates of seven brokerages surveyed by Moneycontrol showed.
RBL Bank’s total deposits grew 6 percent YoY to Rs 79,216 crore at the end of June, sharply lower than the industry standard.
Provisional credit growth data filed by lenders with stock exchanges point to a revival in credit demand.
Given that companies are willing borrowers and banks are all too happy to lend, the growth rate may continue in the coming quarters.
Paytm has also reached its highest number of monthly transacting users on super app at 76 million in June
A meeting of the investment committee will be convened later this month to get an approval, Bank of Baroda said in a regulatory filing on July 7.
Banks will need to increase interest rates on deposits but this higher cost of funds will put pressure on their net interest margins
The report by NoBroker, an online platform that helps people find rental houses, says that while companies raised their headcount in the last two years, construction of housing projects has been delayed due to various reasons, which has contributed to the rise in rents.
Assess your EMI affordability before applying for a home loan, make a higher downpayment, and improve your credit score.
Public sector banks have the highest proportion of subprime borrowers, the riskiest of retail category characterized by low credit scores,
Data from the Reserve Bank of India (RBI) shows that about 9.3 percent of MSME loans had turned bad by March 2022. That is lower than the delinquency ratio of 10.8 percent in FY21.
Students can obtain education loans once they secure admission letters is one of the biggest misconceptions, Arindam Sengupta of Edufund tells Preeti Kulkarni