Global fintech revenue rose 14% in last two years: Report On an average, valuation multiples of fintechs have fallen to 4x in 2023 from 20x in 2021. Similarly, equity funding… By FE BureauJune 27, 2024 00:45 IST
Director’s appointment on Bandhan’s board to aid management transition The development has come ahead of Bandhan Bank’s managing director and chief executive officer Chandra Shekhar Ghosh’s retirement from the… By Sachin KumarJune 26, 2024 03:20 IST
RBI appoints additional director on Bandhan Bank board The term of Chandra Shekhar Ghosh, MD and CEO of the bank is coming to end on July 9. By FE BureauJune 25, 2024 08:29 IST
RCap lenders want Hindujas to deposit equity component in escrow account Hinduja Group, the successful resolution applicant of RCap, had sought a 90-day extension to the earlier deadline of May 27… By Rajesh KurupJune 25, 2024 05:10 IST
L&T Finance to tap global bond market for funds Concerned with increased dependency of NBFCs on bank borrowings, the RBI, in November last year, increased the risk weight for… By Sachin KumarJune 25, 2024 03:50 IST
FSIB to hold interview on Saturday for SBI chairman As per the convention, the chairman is appointed from a pool of serving managing directors of SBI. By Prasanta SahuJune 25, 2024 03:40 IST
JM Financial Home Loans to borrow Rs 1,200 crore in FY25 Launched in 2017, JM Financial Home Loans is a part of the JM Financial group’s retail mortgage segment. By Ajay RamanathanJune 25, 2024 03:30 IST
Will grow market share in wheels business & diversify into other areas: M&M Finance CEO Raul Rebello In his first interaction after taking charge on April 29 this year, Rebello tells FE that the NBFC will grow… By Piyush ShuklaUpdated: June 25, 2024 17:08 IST
Anuj Tyagi replaces Ritesh Kumar as MD & CEO of HDFC ERGO General Insurance Tyagi will take charge from Ritesh Kumar on July 1, 2024 By FE OnlineJune 24, 2024 12:28 IST
RCap deal: 360 One to raise Rs 5K cr, Barclays Rs 2,300 cr for Hindujas The group is also in discussions with Crisil, Icra and CARE for rating these NCDs, sources close to the development… By Rajesh KurupJune 24, 2024 00:15 IST
NBFCs needed in all forms & sizes: Shriram Fin Former Reserve Bank of India deputy governor SS Mundra said a risk-based approach may be needed while regulating non-banking financial… By FE BureauJune 22, 2024 03:30 IST
Regulators must treat banks & NBFCs differently: RBI ED According to the RBI data for sectoral deployment of credit, bank loans to NBFCs comprise 9.4% of the overall non-food… By FE BureauJune 22, 2024 03:15 IST
NPS corpus may rise 28% to Rs 15 trillion in FY25: Regulator New life-cycle scheme to allow 50% equity investment till age of 45 By Prasanta SahuJune 22, 2024 01:15 IST
Banks bid Rs 1.6 trillion in VRR auction as liquidity tightens As expected, banks experienced some relief from tight liquidity in the first week of this month. By Sachin KumarJune 22, 2024 01:00 IST
Green deposits remain in the slow lane Green deposits are long-term deposits used to fund climate-friendly projects and develop a green financing ecosystem. By Piyush ShuklaJune 21, 2024 04:00 IST
Banks’ return on assets to fall 10-20 bps in FY25: Crisil Ratings However, the return on assets will remain higher than the 20-year sectoral average of 0.75% and the 10-year sectoral average… By FE BureauJune 21, 2024 00:50 IST
Insolvency regulator proposes to close escape route of personal guarantors Discussion paper says resolution plan shall not extinguish the rights of the creditors to enforce guarantees By Priyansh VermaJune 21, 2024 00:35 IST
RoA of banks to moderate to 1.1-1.2% this fiscal, on higher cost of deposits, says Crisil report Banking return of assets (RoA) is expected to moderate to 1.1-1.2 per cent this fiscal. Per a CRISIL Ratings report,… By FE BusinessJune 20, 2024 14:56 IST
India set to be a FPI hotspot in the second half! Infra, Realty, Capital Goods among the top choice; says Jefferies
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8 Photos West Bengal: 8 killed, many injured as goods train rams into Kanchenjunga Express in Darjeeling – PHOTOS 1 week agoJune 18, 2024
