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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…
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
RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details
The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…
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
Nifty, Sensex trade flat dragged by financial stocks
Equity benchmark indices, the Nifty and the Sensex declined in early trade on Friday but recovered …
6 mins read
Simply Put: A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
Indians seem to be depositing less money in banks, and everyone's blaming the stock markets. But ar…
1 min read
Flipkart to distribute Axis Bank personal loans of up to ₹5 lakh
The platform, which has 450 million customers, will be distributing loans of up to ₹ 5 lakh which c…
PTI
2 mins read
Don’t need to raise more capital immediately, says Axis Bank’s CEO Amitabh Chaudhry
Axis Bank will not need to raise more capital after the Reserve Bank of India mandated banks to inc…
2 mins read
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 …
PTI
6 mins read
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
2 mins read
Axis Bank to tie up with ITC to offer rural lending products to farmers
The collaboration will help Axis Bank bank to leverage ITCMAARS, an agri-tech application to addres…
3 mins read
Borrowers with multiple personal loans a big risk to profitability of banks and NBFCs
Raging inflation is not just burning a hole in the pockets of consumers. It is also impairing the a…
4 mins read
Axis Bank shares under pressure after Q4 net loss; analysts upbeat on the lender
During the March quarter, the lender reported an exceptional item of ₹12,490 crore, which went i…
6 mins read
Here’s how much banks have increased home loan interest rates
Rising inflation resulted in central banks around the world hiking interest rates. This has also sp…
3 mins read
Axis Bank completes acquisition of Citibank’s consumer business for ₹11,603 crore – here’s everything to know
India’s third-largest private lender Axis Bank on Wednesday said it has completed the acquisition o…
5 mins read
Axis Bank Q3 net profit grows 62% YoY to ₹5,853 crore, beats expectations even as provisions and slippages rise
Axis Bank on Monday reported a standalone net profit of ₹5,853 crore in Q3, registering a growth of…
3 mins read
Bank of Baroda enables digital loans through the Account Aggregator framework – here’s what it means and how to use it
Bank of Baroda today announced the rollout of digital loans through the Account Aggregator framewor…
3 mins read
Axis Bank’s net profit grows 70% to ₹5,330 crore in Q2
Axis Bank, one of the leading private banks in the country, beat analyst expectations to report a 3…
3 mins read
Axis Bank beats street estimates on net profit, business growth disappoints
Axis Bank, the third largest private sector bank, on Monday reported a net profit of Rs 4,125 crore…
7 mins read
The dark truth behind RBI’s crackdown on easy personal loans
The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…