The country’s largest lender State Bank of India (SBI) today said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective 10 March. Continue Reading
The Anil Ambani-controlled Reliance Capital group firm Reliance Home Finance has defaulted on loan repayment of Rs 40.08 crore in February, it said in a regulatory filing. Continue Reading
In the aftermath of Yes Bank crisis, Private sector lender RBL Bank today said it is ‘well capitalised’ and there is no adverse change in its asset quality. The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down. Continue Reading
Amidst rising coronavirus cases in India, British brokerage Barclays today warned that preventive measures like mass quarantines can dent the already sagging economic growth by as much as 2 percentage points. Continue Reading
Digital payment platform, PhonePe, said its transaction has bounced back hard in the last 24 hours. The platform processed over Rs 4,000 crore worth of transactions in 24 hours and saw its largest ever volume of user traffic in a single day (with over 70 million app sessions). Continue Reading
Majority of the Indian media and entertainment companies are of the opinion that they must reinvent themselves to navigate the technological disruptions impacting the industry, says a report by EY. Continue Reading
As more and more companies are striving to close gender parity gap, a report has showed that twice as many woman professionals excel in organisational development and coaching talent compared to men. Continue Reading
Merchant commerce platform, Pine Labs, announced a strategic partnership with consumer lending fintech, ZestMoney. Pine Labs and ZestMoney will provide in-store digital Equated Monthly Instalment (EMI) options to customers through Pine Labs’ Plutus and Plutus Smart point of sale (PoS) devices. Continue Reading
Rural distress should be addressed through developing infrastructure and pushing demand by increasing pace of fund transfers under PM-Kisan and employment guarantee schemes, according to an industry-banking survey. Continue Reading
Jana Small Finance Bank Ltd launched its newest branch in Ramapuram of Chennai. With this, the small finance bank has now expanded its bank branch network to 36 in Tamilnadu. Continue Reading