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7 mins read
Simply Put: Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance sector faces increasing challenges due to rising defaults, affecting the stabi…
2 mins read
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
2 mins read
Stock market closing: Sensex dips 280 points to close in red, Nifty closes 0.27% down
HDFC Life (up by 4.36%), Tech Mahindra (up by 3.12%), BPCL (up by 2.91%), NTPC (up by 2.67%) and Ta…
6 mins read
Is the lending party over? The dangerous tango of Indian banks with microfinance and unsecured loans
India's microfinance and unsecured loan sector is facing a crisis with rising NPAs that threaten ov…
2 mins read
ESAF Small Finance Bank IPO subscribed 73x as QIBs rush in
The ₹463 crore ESAF Small Finance Bank’s initial public offer (IPO) was subscribed 8.3 times at the…
2 mins read
What if Kotak Mahindra Bank acquires IDBI Bank, asks Nomura
Life Insurance Corporation of India along with the government are looking to divest 60.72% in IDBI …
2 mins read
M&M’s planned price hikes eclipse debt default by Ssangyong
The price hike will be effective from January 1, and across a range of its passenger and commerc…
2 mins read
Fitch Ratings revises outlook on OYO's long-term issuer ratings to 'positive' from 'stable'
Fitch Ratings on Wednesday said it has revised the outlook on Oravel Stays Ltd's (OYO) long-term fo…
PTI
2 mins read
Stock markets settle with marginal gains amid weak global cues
Benchmark indices Sensex and Nifty eked out gains in volatile trade to extend the winning streak to…
PTI
3 mins read
Shrinking car and two-wheeler sales is now hurting India’s biggest private bank
Shrinking retail loans was the primary reason for investor disappointment. Now, the lack of borr…
1 min read
SBI, Kotak Mahindra and others cut home loan rates ahead of festive season
SBI, Kotak Mahindra and others cut home loan rates ahead of festive season
2 mins read
Massive selloff in domestic equities amid US bank failures: Sensex closes below 59,000, Nifty tests 17,000
Falling for the third straight session, equity benchmark Sensex tanked nearly 900 points to close b…
PTI
3 mins read
Mahindra & Mahindra market cap crosses ₹1.5 lakh crore after SUV sales and Scorpio-N bookings
M&M was the top gainer on benchmark indices Sensex and Nifty50 as its stock went up by over …