Finance

RBI Extends Special Liquidity Window For YES Bank By Another Three Months

Providing further support to private sector lender YES Bank, the RBI is understood to have extended the special liquidi... Read more

ECLGS: Private Banks Too Do Some Heavy Lifting, Reveal Finance Ministry Data

Aggregate loan sanctions by PSBs and private banks at ₹75,426.39 crore; disbursements at ₹32,894.86 crore Read more

`Yes Bank Has Adequate Liquidity To Meet All Obligations

Interest on Upper Tier II bonds will be paid when the bank meets the minimum regulatory capital ratio. Read more

RBI To Payments Players: Raise The Level Of Public Awareness On Digital Frauds

In view of the increasing instances of payment frauds, the Reserve Bank of India (RBI) has asked all authorised payment ... Read more

Karnataka Bank Launches New Product For MSMEs

Karnataka Bank has launched a new product – ‘KBL Micro Mitra’ – where financial assistance up to ₹10 lakh will... Read more

Dhanlaxmi Bank Posts ₹65.78-crore Net Profit In FY20

Thrissur-based Dhanlaxmi Bank recorded a net profit of ₹65.78 crore in the financial year ended March 31, 2020, compar... Read more

Fino Payments Bank Aims To Boost Presence In North-eastern And Southern Markets

Fino Payments Bank is looking to increase its penetration in the eastern, north-eastern and southern markets, primarily ... Read more

Shriram Housing Finance Raises ₹250 Crore

Shriram Housing Finance Ltd (SHFL), on Monday, said it has raised ₹250 crore via five-year term loan from a public sec... Read more

ICICI Bank Sells 1.5% Stake In ICICI Prudential Life Insurance

Private sector lender ICICI Bank has sold a 1.5 per cent stake in its life insurance arm, ICICI Prudential Life Insuranc... Read more

Hedge Finance Enters Gold-loan Market

Hedge Finance, a leading NBFC in Kerala, has entered the gold-loan market by opening its first branch at Mamangalam in K... Read more

DBS Bank India FY20 Net Profit Surges To ₹111 Crore

DBS Bank India on Monday reported an over six-fold increase in its net profit to ₹111 crore for FY20, against ₹14.5... Read more

Fino Payments Banks Expects To Open 2.4 Lakh New Accounts In Q1

Fino Payments Bank, on Monday, said it expects to end the first quarter of FY21 with 2.4 lakh new accounts and an overal... Read more

IMGC To Pay Claims If Lenders Face Delinquencies Due To Job Losses, Pay Cuts For Home-loan Borrowers

India Mortgage Guarantee Company (IMGC) has braced itself to pay claims that may arise if lenders face delinquencies due... Read more

ICICI Bank Sells 1.5% Stake In ICICI Prudential Life Insurance

Private sector lender ICICI Bank has sold 1.5 per cent stake in its life insurance arm, ICICI Prudential Life Insurance,... Read more

IRDAIs New Covid-19 Cover Likely To Be Priced At ₹600-3,000

Expected to cover cost of consumables Read more