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Dhanlaxmi Bank aiming at healthy balance sheet

Dhanlaxmi Bank aiming at healthy balance sheet : Rashtra News #Dhanlaxmi #Bank #aiming #healthy #balance #sheet The bank expects net interest income and net interest margin to further improve in coming quarters as it starts accruing interest on the increased loan book. Dhanlaxmi Bank believes it has turned the corner and is poised for a

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BharatPe removes Ashneer Grover from all positions at company

BharatPe removes Ashneer Grover from all positions at company : Rashtra News #BharatPe #removes #Ashneer #Grover #positions #company “The board will not allow the deplorable conduct of the Grover family to tarnish BharatPe’ s reputation or that of its hard-working employees and world-class technology. As a result of his misdeeds, Grover is no longer an

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IIFL Home to get Rs 500 crore loan from ADB for lending to lower-income women borrowers

IIFL Home to get Rs 500 crore loan from ADB for lending to lower-income women borrowers : Rashtra News #IIFL #Home #crore #loan #ADB #lending #lowerincome #women #borrowers Citing a 2017 study, ADB said only 5 per cent of women have borrowed from a formal financial institution and only 3 per cent have an outstanding

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Report: Funding of FPOs needs priority sector tag

Report: Funding of FPOs needs priority sector tag : Rashtra News #Report #Funding #FPOs #priority #sector #tag The report also identifies factors such as the lack of professional management, weak internal governance in FPOs, under-capitalisation to take up activities and also absorb credit, inadequate credit linkages, access to market and inadequate access to infrastructure. While

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BharatPe accuses Grover family of swindling company funds, vows to take legal action

BharatPe accuses Grover family of swindling company funds, vows to take legal action : Rashtra News #BharatPe #accuses #Grover #family #swindling #company #funds #vows #legal #action In its statement to the press, the start-up said that the Grover family and their relatives created fake vendors through which they allegedly siphoned money away from the company’s

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Business News: Aditya Birla Group invests undisclosed sum in digital bank in UAE

Aditya Birla Group invests undisclosed sum in digital bank in UAE : Rashtra News #Aditya #Birla #Group #invests #undisclosed #sum #digital #bank #UAE Zand said its launch is imminent and the entity will be the first digital bank to provide both retail and corporate services. The Aditya Birla Group has invested an undisclosed amount in […]

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Business News: Repco Home Finance net down 60% to Rs 31.47 crore for Q3

Repco Home Finance net down 60% to Rs 31.47 crore for Q3 : Rashtra News #Repco #Home #Finance #net #crore The capital adequacy ratio stood provisionally at 31.31% as against the minimum capital adequacy ratio prescribed by the regulator of 14%. Repco Home Finance has posted a 60% drop in its net profit at Rs […]

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Business News: Real estate sector GNPAs of non-bank lenders likely to exceed 9% in FY22: ICRA

Real estate sector GNPAs of non-bank lenders likely to exceed 9% in FY22: ICRA : Rashtra News #Real #estate #sector #GNPAs #nonbank #lenders #exceed #FY22 #ICRA The real estate AUM of NBFCs is likely to de grow 0-5% in the next fiscal. Non-banking finance companies (NBFCs) and housing finance companies (HFCs) are likely to see […]

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Business News: Bank of Baroda to acquire Union Bank's 21% stake in IndiaFirst Life

Bank of Baroda to acquire Union Bank’s 21% stake in IndiaFirst Life : Rashtra News #Bank #Baroda #acquire #Union #Banks #stake #IndiaFirst #Life At present, according to the insurer’s website, Bank of Baroda’s stake stands at 44%, Union Bank holds 30% and Carmel Point Investments India has 26% stake in the company. Bank of Baroda […]

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