Economic Times
Mumbai's banks saw their borrowings exceed ₹9 lakh crore by July 26, with credit growth outpacing deposit accumulation. As a result, lenders turned
Bank of Baroda secured a ₹5,000 crore loan deal for SAIL, offering a 7.49% interest rate for a five-year period. Competing against major public and
“On the downside, global financial market volatility, protracted geopolitical tensions and geo economic fragmentation could dampen the investment pl
Indian firms are turning to international markets to raise funds as global investor interest grows, and borrowing costs improve, reported the RBI. Thi
Data that the RBI releases on a fortnightly basis showed that as on July 26, banks’ borrowings were at Rs 9.32 lakh crore, 20% higher than the borro
Indian banks struggled with deposit growth as customers explored diverse investment options. Finance Minister Nirmala Sitharaman and RBI Governor Shak
Finance Minister Nirmala Sitharaman reviewed Public Sector and Regional Rural Banks. The State Bank of India's latest report countered claims of slowi
The proposal aims to open up the sector further to foreign investors, as the current cap is seen as restrictive. Additionally, there are discussions a
Shriram Finance Ltd anticipated sustained growth in its micro and small enterprises sector, driven by demand for small loans. The company expected a y
Future Enterprises, undergoing insolvency proceedings, saw Central Bank of India emerge as the frontrunner to acquire its 25% and 33% stakes in two in
RBI approved the appointment of former SBI Deputy Managing Director Salee Sukumaran Nair for a three-year term after S Krishnan's resignation. Nair, w
Chief Minister Siddaramaiah asked the Finance Department to hold off for 15 days on an order for government bodies to withdraw deposits from SBI and P
A Crisil analysis revealed that gold loans grew over 20% in June 2024 from the previous month. Banks and NBFCs maintained an LTV ratio of 60-65%. Disb
Golden Growth Fund sought to raise Rs 400 crore for acquiring land in South Delhi to develop luxury apartments. The fund completed its first fundraisi
RBI penalized Bank of Maharashtra with Rs 1.27 crore for breaching directives like Know Your Customer. Hinduja Leyland Finance Ltd faced a Rs 4.90 lak
RBI increased policy repo rate hike by a cumulative 250 bps since May 2022, while the weighted average lending rates on fresh and outstanding rupee lo
Manik Chhabra will assume the role of head of global corporate coverage for India and Sri Lanka at Deutsche Bank on August 19. Chhabra brings over two
Gold-loan NBFCs experienced reasonable growth in disbursements due to robust credit demand and operational resilience. The May 2024 RBI advisory limit
Shriram Finance has started talks with climate-focused private equity funds to raise capital for electric vehicle lending. Though EVs represent a smal
Independence Day Speech: During his Red Fort address, Prime Minister Narendra Modi emphasised that Indian banks have become globally strong due to sig
