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Axis Bank's retail head quits; new compliance chief named

Sumit Bali, the group executive for retail lending at Axis Bank, resigned from his role on Wednesday.

Should you choose a home loan that lets you cut interest payments using surplus cash?

Most major banks offer home loans with an overdraft facility, which allow your surplus cash to reduce interest. But this may not be the right choice for everyone.

Paisabazaar.com and Axis Bank Launch Pre-Qualified Program for Personal Loans

Paisabazaar.com, India's largest digital marketplace for consumer credit, announced today that it has strengthened its partnership with Axis Bank, Indias third largest private sector bank, by launching a Pre-Qualified Program for unsecured loans on its platform.The Pre-Qualified program on Paisabazaar.com entails deep technology and analytics collaboration with Banks and NBFCs, which enables select customers to

Private banks grow personal loan book aggressively

credit schemes: Brands' margins may take a hit if higher risk weight raises borrowing costs

Longer-tenure EMIs, buyback guarantees, and other sweeteners are driving sales of automobiles, consumer durable, and electronic goods in India. The Reserve Bank of India has increased the risk weight on consumer credit, including credit card receivables and bank loans to NBFCs by a fourth, potentially forcing banks and non-banks to set aside more capital, which can potentially increase lending rates.

India's tougher personal loan rules may force some NBFCs to tap bond market

Indian non-banking finance companies , including Bajaj Finance, L&T Finance and SBI Cards and Payment Services, are likely to tap the bond market to raise funds following the central bank s.

NBFCs may tap bond market after RBI tightens tougher personal loan rules

Indian non-banking finance companies (NBFCs), including Bajaj Finance, L&T Finance and SBI Cards and Payment Services, are likely to tap the bond market to raise ..

Attractive credit schemes fuel sales of auto, electronics

For televisions and appliances, the share of no-cost EMI scheme-led purchases shot up to 60-65% in metro markets while in upcountry locations, it was 40-45% this calendar year till Diwali. For smartphones, market tracker Counterpoint Research said the share of such transactions now accounts for 33% of all transactions, up from 28% last year, with brands offering no-cost EMI schemes for ₹10,000-plus smartphones this year as compared to the usual ₹20,000-plus.

Axis Bank and India SME Forum presents SME 100 Awards

New Delhi, October 27, 2023: Axis Bank, one of the largest private sector banks in India, in partnership with India SME Forum, today, hosted the 10th edition of the India SME 100 Awards. The event felicitated the top performing Micro, Small Medium En

Axis Bank to offer cheaper loans for Mahindra Lifespace's green homes