Mutual Fund or Bank deposit ?
[ad_1] Public sector banks are fast adapting to digital means as they have cleared digital lending of Rs 83,091 crore in the financial year ending March 2022. As part of EASE 4.0 reforms, state-owned banks were asked to focus on digital lending, co-lending with non-banking firms, agriculture financing, and technological
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[ad_1] State-owned Bank of Baroda is taking the lead in loans for mid and small companies seeking credit up to Rs 100 crore. The lender has earmarked four clusters across the country where such loans, assessed within defined time limits, can be approved directly. This would help it compete more efficiently
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[ad_1] Lenders to Anil Ambani's non-banking finance company (NBFC) Reliance Commercial Finance have given a go-ahead to complete the 18-month-old resolution plan and hand over the company's reins to Authum Investments & Infrastructure. The resolution, when completed, will be the first for the Anil Ambani group. The parent NBFC Reliance Capital
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[ad_1] has failed to attract any firm bids at the auction of its Rs 2,077-crore debt exposure to thermal power company KSK Mahanadi Power, despite lowering its reserve price, said two people aware of the development. On August 17, Union Bank issued a tender inviting bids for the power company’s
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[ad_1] A one-time settlement (OTS) proposal put forward by Religare Finvest (RFL) management has received the go-ahead from more than half of the company's lenders. However, the deal hinges on a nod from the , the third-largest creditor to the company, which has still not signed off on the proposal
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[ad_1] India’s largest mortgage lender, Ltd, is aiming to raise up to Rs 10,000 crore by selling bonds to local investors, as higher residential sales is boosting demand for home loans. The home financier is in advanced talks with investors including and , said people familiar with the matter. The
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[ad_1] The Financial Services Institution Bureau (FSIB) has selected 14 candidates for the executive director (ED) post at the public sector banks, according to a notification issued by the bureau. The bureau interviewed 57 candidates, which included chief general managers and general managers of the PSU banks, between August 19
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[ad_1] Indian banks have increased their fundraising activity through the issuance of certificates of deposits, as funding in the banking system continues to contract, analysts said. "Banks are not raising deposit rates, as they are able to get funds easily from money market by issuing CDs, and that too cheaply,
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[ad_1] State-run banks are proposing to create a central talent pool and finalise a three-year business strategy for individual banks, aiming to improve their performance and competitiveness. This talent pool will have senior-level domain experts from all public sector banks (PSBs) and will look to build peer-to-peer collaboration by sharing technology,
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[ad_1] (BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23. The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end
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