New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to …
New Delhi: French automaker Citroen on Wednesday has entered into a white-label arrangement with Axis Bank, as a preferred Banking partner, to introduce Citroen Finance in India. Citroen Finance will provide retail finance and mobility solutions including value added products to its customers and customised credit solutions to its dealers in India, the company said in a statement. Roland Bouchara, Senior Vice President …
The share price of Indiabulls Housing Finance Ltd (IBHFL) crashed nearly 38% intraday to hit a fresh 52-week low today after Reserve Bank of India put private sector lender Lakshmi Vilas Bank under its prompt corrective action (PCA) plan. The development places the prospects of their prolonged merger into jeopardy. Indiabulls Housing Finance stock opened today with a loss of …
Private sector SBI Life Insurance on September 24 said it has signed a corporate agency agreement with city-based Repco Home Finance Ltd to offer the company’s range of products to RHFL customers. According to the agreement, the partnership would see over 148 branches and 27 satellite centres of RHFL spread across the country to offer SBI Life Insurance products to …
Introduction Having your business secured is one of the most vital things that every business must be focusing on since the beginning. Often people don’t realize about the importance since they are too indulged in making their business look good. What business must look for is securing their business through insurance. Since businesses are prone to certain risks that might …
MUMBAI : RBL Bank-backed Utkarsh Small Finance Bank (USFB), which mainly gives microfinance loans in Bihar and Uttar Pradesh, has begun work on its initial public offering (IPO), three people aware of the matter said. “The bank is presently in the process of appointing investment banks for its proposed IPO, which is expected to be around ₹500 crore in size,” said one of the three people, all …
The information technology (IT) and financial services sectors emerged as the top job providers, jointly accounting for over 50 percent of all hiring in India, says a new study by investment group CLSA, titled ‘Boardroom nectar — distilling the essence of India’s annual reports’. The study, which analysed 250 listed companies, showed that both sectors also topped at hiring women. …
In advance of the United Nations General Assembly that begins later this month, a new report released on Wednesday details the present shortcomings and future opportunities in “frontier finance”. That area of impact investment seeks to attract funding for projects consistent with the UN’s Sustainable Development Goals (SDGs). Published by the Global Impact Investing Network (GIIN), the report is the first of its kind …
The 15th Finance Commission on Sunday held meetings with representatives of Rajasthan’s Panchayati Raj institutions, urban development bodies, trade and industry, and economists as part of its consultation process for making recommendations for the 2020-25 period. According to an official release, the commission headed by chairman NK Singh along with its members and senior officials met with the representatives of …
Ever listened to This American Life, the mother of all storytelling podcasts? If not, you should. If yes, you know it’s a weekly podcast that runs about an hour per episode. It’s made by a team of about 20 people. I’ve always been impressed by the frequency and quality of their output. After creating a podcast for TNW, I’m in …