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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…
Oct 30 2024 12:06 IST

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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…
Sep 27 2024 09:14 IST

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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…
Oct 30 2024 17:00 IST

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2 mins read

Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report

Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…

PTI   

Jun 27 2024 13:15 IST

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3 mins read

RBI tightens norms on personal loans for banks and NBFCs; stocks to be under pressure

​​Shares of SBI Cards, RBL Bank, HDFC Bank and ICICI Bank are expected to come under pressure after…
Nov 17 2023 04:01 IST

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2 mins read

Exposure to India's infra sector helps LIC, SBI outshine peers

Global majors, including Warren Buffet-owned Berkshire Hathaway, have been successful due to their …

PTI   

Jul 17 2024 11:24 IST

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1 min read

HDFC Bank Q2 profit soars 5% to ₹16,821 crore

Total income increased to Rs 85,500 crore during the quarter under review against Rs 78,406 cro…

PTI   

Oct 19 2024 09:37 IST

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2 mins read

Union Bank to sell 8 troubled accounts worth Rs 3,000 cr to bad bank NARCL

Union Bank of India on Friday said it has identified eight troubled accounts worth Rs 3,000 crore t…

PTI   

Jul 21 2023 14:13 IST

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1 min read

Bandhan Bank Q2 profit jumps over 3-fold to Rs 721 crore

Bandhan Bank on Wednesday reported over three- fold jump in net profit at Rs 721 crore for the seco…

PTI   

Oct 18 2023 12:00 IST

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1 min read

PNB clocks 3-fold jump in net profit at ₹2,223 crore for Q3

Punjab National Bank (PNB) on Thursday announced an over three-fold jump in its profit to Rs 2,223 …
Jan 25 2024 11:09 IST