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Union Finance Minister Nirmala Sitharaman reviews performance of RRBs in North East
Union Finance Minister Nirmala Sitharaman chaired a meeting to review the performance of 7 Regional…
ANI
Indian banks to have steady growth in earning over next 3-4 years, fees from unsecured lending may dip, notes Jefferies report
Jefferies reports Indian banks are poised for steady earnings and return growth over the next 3-4 y…
SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman
SBI recorded a standalone net profit of Rs 61,077 crore in FY24, registering a growth of 21.59%.
PTI
Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report
As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…
TVS Credit posts 33.43% rise in Q4 PAT at ₹148.29 crore
The standalone total revenue from operations grew to Rs 1,517.50 crore, from Rs 1,234.60 crore…
PTI
Byju's begins disbursing March salaries to employees after 2nd successive delay
Embattled edtech platform Byju's finally started disbursing salaries to its thousands of employees …
GSTN to share data with RBI's frictionless credit platform
The government has permitted GST Network to share data about GST-registered businesses, based on th…
PTI
Swiggy disburses over Rs 450 cr in loans to 8000 restaurant owners
Online food delivery platform Swiggy on Tuesday said it has facilitated over Rs 450 crore in loan d…
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…
Personal loans remain the dominant Fintech product, accounting for 96% of the total disbursement volume: Equifax and FACE
The highest number of personal loans are disbursed in less than ₹5,000 ticket size. Digital loan d…
Retail trumps corporate lending as small-ticket loans see fourfold jump in past two years
Personal loans are on the rise. The month of December has seen the category in lending-verse amass …
This Motilal Oswal-backed startup is planning to issue a million credit-based cards in the next 150 days relying on the $2 billion worth loans it disbursed
Credit-based payment cards are getting quite an uptick as people’s consumption habits have taken a …
Gurgaon-based Indifi disbursed ₹2,800 crore worth of loans to small business owners
Gurgaon-based Indifi disbursed ₹2,800 crore worth of loans to small business owners
MSMEs on a growth path with rise in credit demand, fall in delinquency rates: CIBIL-SIDBI report
Credit demand grew at 1.29 times YoY in the quarter ending September 2022. MSME lending continues …
From UPI innovations to digital credit potential – these are the growth drivers in Paytm’s business
Paytm has been witnessing a sustained growth in revenues, which reached ₹2,062 crores in the Dec-23…
Strong bank loan growth in FY23 despite higher interest rates: Fitch
Fitch Ratings on Monday said India's bank credit will see strong growth in the current financial ye…
PTI
SBI disburses Rs 8,700 cr to MSMEs under emergency credit guarantee scheme
"MSMEs formed a very crucial part of the announcements made under the 'Atmanirbhar Bharat Abhiyan'…
PTI
A company is now offering instant loans on WhatsApp in 30 seconds
Fintech startup CASHe on Wednesday announced its latest feature that will offer instant credit line…
Banks disburse over Rs 50,000 cr loans to MSMEs under credit guarantee scheme
Under the scheme, 100 per cent guarantee coverage will be provided by National Credit Guarantee Tr…
PTI
India’s microfinance loan portfolio stands at ₹3 lakh crore with 6 crore unique borrowers
The Indian microfinance loan industry today serves 6 crore unique borrowers having 11.8 crore loan …