Small finance banks to grow advances 25-27% this fiscal, says Crisil
Amid challenges in mobilizing deposits and their higher cost, SFBs are likely to explore alternative, non-deposit avenues to fund credit growth. That said, capital buffers...
RBI Governor Das Unveils Unified Lending Interface to Streamline Credit Access
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RBI MPC Minutes; Increasing divergence in growth assessments, says Madhavi Arora of Emkay Global
Continued moderation in core inflation was unanimously recognized, but the possibility of higher food prices spilling over to core remains a key concern. Real rate...
TransBnk raises $4 million in Series-A funding round led by 8i Ventures, Accion
The round was led by 8i Ventures, the early-stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz,...
Are Mutual Funds draining money from bank deposits?
Even if money is moving from bank deposits to mutual funds, ultimately the money should remain in banks albeit under a different ownership. How would...
Indian NBFI Regulatory Actions Bring Governance to the Forefront, says Fitch ratings
Governance and compliance issues can greatly diminish customer and market confidence, potentially undermining funding and business activities. Severe non-compliance may result in stringent regulatory sanctions,...
RBI Bulletin – August 2024 Highlights
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After RBI, now government asks PSBs to eye more deposits
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RBI imposes monetary penalty on BoM, Hinduja Leyland Finance and Poonawalla Fincorp
The Reserve Bank of India (RBI) has cracked down on three entities imposing monetary penalties citing rule violations. These are Bank of Maharashtra (BoM), Hinduja...