Mumbai, Jan 8: The Reserve Bank has lifted its ban on the 'sanction and disbursal of loans' by Asirvad Micro Finance and DMI Finance Pvt Ltd, in a big relief to the two microfinance companies, according to an RBI circular issued on Wednesday.
Mumbai, Jan 8: Securitisation volume surged by around 27 per cent year-on-year to Rs 1.78 lakh crore in the first nine months of the current financial year, supported by large issuances from private sector banks, according to a CRISIL report released on Wednesday.
New Delhi, Jan 7: The financial activities among the affluent class in the country is experiencing unprecedented levels, with the median individual managing over 434 peer-to-peer banking transactions annually and experiencing accelerated flows of earning, investing and spending, a report showed on Tuesday.
Mumbai, January 7: The Reserve Bank of India (RBI) has announced the results of the third edition of its Global Hackathon - HaRBInger 2024.
Mumbai, Jan 7: The Reserve Bank of India (RBI) bought another eight tonnes of gold in November 2024 as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report.
Mumbai, Jan 4: The securitisation volumes in India are estimated at Rs 68,000 crore for the October-December period this fiscal (Q3 FY25), according to latest data by credit rating agency ICRA.
New Delhi, January 3: Credit growth of Indian banks are expected to witness a range-bound 12.5 per cent growth in the current financial year 2025, HSBC Global Research said in a report, attaching a rider that slowdown in GDP growth remains a downside risk.
New Delhi, January 3: The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points (bps) in the first half of 2025, says a report by Jefferies.
New Delhi, January 2: Credit rating agency ICRA has lowered its banking credit growth estimate for FY2025 to 10.5-11.0 per cent, down from its previous forecast of 11.6-12.5 per cent.