From Kashmir to Kanyakumari, and Gujarat to Assam, fintechs, the new and trendy financial companies, have become darlings of investment angels. The odds of the fabulous and trendy fintechs beating banks are narrowing by the day. The fintech threat to the banking industry is no longer a headline. It is close to an accord. China is one of the clearest …

Shriram Transport Finance Corporation share price rebounded 9 percent after the company’s clarification note on SVL loan soothed investors’ sentiment. The stock had fallen 12 percent in previous session as investors had turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary. Shriram Transport Finance Corporation issued clarification note yesterday, saying SVL Limited, its …

The Reserve Bank is planning to launch a full-fledged multi-media and multi-lingual campaign to create general awareness among citizens about the regulations and initiatives of the central bank. RBI’s department of communication has sought applications from advertising agencies for designing the creatives for pan-India public awareness campaign. “The campaign will be in 14 languages – Hindi, Assamese, Bangla, Gujarati, Kannada, …

Retail inflation, which touched a seven-month high in October, is expected to rise further and cross the 4 per cent mark this month, driven by rise in vegetable and oil prices, experts say. According to global financial services majors like Nomura, BofAML and Morgan Stanley, price pressures are likely to build further in the coming months following a cyclical recovery …

More than 200 central and state government websites publicly displayed details such as names and addresses of some Aadhaar beneficiaries, the Unique Identification Authority of India has said. The Aadhaar issuing body added, in response to an RTI query, that it took note of the breach and got the data removed from those websites. It did not specify when the …

Cholamandalam Securities’ research report on Repco Home Finance   RHFL’s loan book grew at moderate rate (10.3%YoY, 3.9%QoQ) to INR 99bn on the back of higher disbursements (27.7% YoY, 29.2% QoQ). In 4QFY18, Sanctions grew by 32.2% YoY (19.4% QoQ) which poses healthy loan growth trajectory for coming quarters. The management expects loan book to grow by ~20% in FY19E (15% …

The Royal Court In what has been described as a ‘landmark case’ for the financial regulator and the industry, the Royal Court rejected David Jonathan Francis’s appeal against the decision of the Jersey Financial Services Commission to publicly criticise his business activities and to bar him from practice. Mr Francis was the subject of a JFSC public statement issued in …

NEW DELHI:  After days of negotiation, HD Kumaraswamy’s Janata Dal Secular and the Congress have finalized the division of power — with the crucial finance ministry going to the regional party and the home department to the Congress. The cabinet expansion is expected over the week-end, said party sources. The Congress is expected to get 22 of the 34 ministries and …

Two wheelers are among the most commonly sighted vehicles on Indian roads. Right from style statement, passion to affordability, there are various reasons behind the sales numbers that two wheelers clock up in India every year. The other fact is a concerning one, as it is about the alarming number of bikers who fall prey to road accidents in India …

Credit score is given to you based on your ability to repay a loan. If your score is above 750, it is considered good. Anything below that is bad. Photo: iStockphoto Did you recently check your credit report and realize that your credit score is very low? If you haven’t paid you loans on time or if you have defaulted …