Navi Launches Lending App For Instant Personal Loans
Sachin Bansal co-founded Navi has launched Navi Lending App for instant personal loans up to ₹5 lakh. “Aimed at Indi... Read more
Aye Finance Raises ₹210 Crore In Series E Round Led By CapitalG
Aye Finance, an MSME sector lender, has raised ₹210 crore in Series E funding led by CapitalG, Alphabet’s independen... Read more
Outsourcing Of Financial Services: RBI Raises Concerns Over Non-transparency In Digital Transactions
The Reserve Bank of India (RBI) has raised concerns regarding non-transparency in transactions and violation of extant g... Read more
Ability Of DHFL To Remain A Going Concern Depends On Outcome Of Resolution Process: Auditor
The ability of troubled Dewan Housing Finance Corporation (DHFL) to remain a ‘going concern’ will depend on the reso... Read more
Extended Suspension Of IBC May Lead To Riskier Behaviour Among Firms: Study
Even as the Centre has temporarily suspended the Insolvency and Bankruptcy Code (IBC) due to the current economic crisis... Read more
DHFL Auditor Reports Fair Value Loss Of ₹18,853 Cr, Mismatch Of ₹3,018 Cr, ICD Dues Of ₹3,786.24 Cr
According to the recent auditing report of Dewan House Finance Corporation (DHFL), a company which is under a moratorium... Read more
Short-term Covid-19 Policy: Pricing, Unpredictability Key Challenges For Insurers
The decision of the insurance regulator to permit specific, short-term health insurance products for Covid-19 treatment ... Read more
Bank Of Baroda Posts Net Profit Of ₹507 Crore In Q4
Bank of Baroda (BoB) reported a standalone net profit of ₹507 crore in the fourth quarter ended March 31, 2020. BoB (a... Read more
Union Bank Q4 Loss Narrows To ₹2,503 Crore
Union Bank of India (UBI) reported a net loss ₹2,503 crore in the fourth quarter ended March 31, 2020.The bank’s fin... Read more
Have Closed Communication Gap With Govt, Says Patanjali
The company has launched Divya Coronil tablets, which it claims cures Covid Read more
YES Bank Sells 2.84% Stake In SICAL Logistics In Tranches
Private sector lender YES Bank, on Tuesday, said it has sold 16.61 lakh equity shares of SICAL Logistics amounting to 2.... Read more
IRDAI Allows Specific Short-term Health Cover For Covid-19
The Insurance Regulatory and Development Authority of India (IRDAI) has on Tuesday allowed specific short-term health in... Read more
RBI Extends Special Liquidity Window For YES Bank By Another Three Months
In further support to private sector lender YES Bank, the Reserve Bank of India is understood to have extended the speci... Read more
PPF, NSC, Other Small Savings Schemes May See Further Reduction In Interest Rate
Small savings schemes such as PPF and NSC are likely to see further reduction in interest rate. New rates for the three ... Read more
ICRA Downgrades YES Bank Tier II Bonds To D After RBI Bars Interest Payment
Rating agency ICRA, on Tuesday, downgraded the Basel II-compliant Upper Tier II bonds of YES Bank to D. The development ... Read more