Banking & Finance

Speaking to FE, Satish stated assortment efficiencies in Assam and Kerala improved within the second quarter in comparison with the primary, however the figures lagged far behind the nationwide common on account of “exterior points”. The nation’s microfinance sector noticed a major enchancment in mortgage repayments within the second quarter of the present fiscal 12

Nilesh Shah, MD, Kotak Mahindra AMC Nilesh Shah, MD of Kotak Mahindra AMC, explains why he’s assured about India being a “long-term development story” and why markets will “proceed to appropriate”, says he doesn’t consider RBI will improve rates of interest to a degree the place it derails development, and requires regulation of cryptocurrencies. This

The regulator has been saying that you need to have only one QR code which is interoperable. Fino Funds Financial institution will take a name on changing to a small finance financial institution as soon as it completes 5 years of operations subsequent yr, MD & CEO Rishi Gupta tells Shritama Bose. The financial institution

Prashant Kumar, MD & CEO, stated, “This quarter, we’ve got additionally seen a development within the company and SME segments, submit a number of quarters of de-growth.” Yes Bank on Friday reported a 74% year-on-year enhance in its internet revenue to Rs 225 crore for the September quarter, helped by a decrease provisioning burden and

A shareholder and two others have approached the court docket in opposition to the board’s determination of rejecting their candidature for the workplace of director, to be positioned earlier than members through the annual normal assembly scheduled for September 29. Issues appear to be by no means ending for Dhanlaxmi Bank, with main shareholders, together