Search For "lender"
RBI's digital lending norms to change operating model of NBFCs
Updated : 3 years, 9 months ago IST
New Delhi [India], August 20 (ANI): The digital lending norms announced by the Reserve Bank of India (RBI) on August 10, 2022, aim to usher in orderly growth and financial stability, check malpractices, strengthen transparency, and protect customer interests. They would, however, raise opera
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SBI sells KSK Mahanadi Power NPA loan account to Aditya Birla ARC
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 19 (ANI): State Bank of India, the country's largest lender, on Friday said it has sold its non-performing asset loan account of KSK Mahanadi Power Company to Aditya Birla ARC Ltd for Rs 1,622 crore.
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Stock exchange seeks clarification from SBI on distressed loan sale
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): BSE Limited on Tuesday asked the country's largest lender State Bank of India (SBI) to issue a clarification on media reports regarding the sale of Rs 1,622 crore of distressed loan.
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SBI initiates insolvency proceedings against Bajaj Hindusthan Sugar
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 16 (ANI): The country's largest lender State Bank of India has initiated insolvency proceedings against Bajaj Hindusthan Sugar Limited, the company informed the stock exchanges on Tuesday.
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Accel-funded finbots.ai makes three new senior leadership hires to acceler
Updated : 3 years, 9 months ago IST
Hyderabad (Telangana) [India], August 16 (ANI/PRNewswire): finbots.ai, Accel-funded Business-to-Business-focused (B2B) Fintech offering an Artificial Intelligence (AI) credit modelling platform for banks and digital lenders, announced today the appointment of three new senior hires to lead i
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SBI shares slump 2.4 per cent on disappointing Q1 earnings
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 8 (ANI): The share price of State Bank of India (SBI) slumped on Monday after the country's largest lender announced 7 per cent decline in its standalone net profit for the quarter ended June 30, 2022.
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SBI standalone net profit falls 7 per cent to Rs 6,068 crore
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], August 6 (ANI): The country's largest lender State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 6,068 crore for the first quarter of the current financial year as compared to Rs 6,504 crore recorded in the corresponding period of the la
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Credgenics launches digital collections technology platform in Indonesia
Updated : 3 years, 9 months ago IST
New Delhi [India], August 3 (ANI/PRNewswire): Credgenics, the leading provider of loan collections and debt resolution SaaS-based technology solutions to banks, non-banking finance, and FinTech lenders worldwide, announced today its expansion into Indonesia as part of its next phase of gr
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YES Bank appoints RS Gandhi as additional independent director
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 23 (ANI): Private sector lender YES Bank on Saturday announced the appointment of Rama Subramaniam Gandhi as an additional independent director of the bank for a period of five years.
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YES Bank's Q1 profit surges 50 per cent on lower provisions
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 23 (ANI): Private sector lender YES Bank on Saturday reported a net profit of Rs 310.63 crore for the quarter ended June 30, 2022, as compared to Rs 206.84 crore in the same quarter last year, registering a year-on-year growth of 50.17 per cent.
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ICICI Bank's gross NPA ratio declines to 3.41 per cent
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 23 (ANI): India's second-largest private sector lender ICICI Bank on Saturday reported an improvement in its asset quality with gross non-performing asset (NPA) declining to 3.41 per cent as of June 30, 2022, as compared to 5.15 per cent recorded on the sam
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ICICI Bank Q1 net profit surges 50 per cent to Rs 6,905 crore
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], July 23 (ANI): ICICI Bank, India's second-largest private sector lender, on Saturday reported a standalone net profit of Rs 6,905 crore for the first quarter of the financial year 2022-23 as compared to Rs 4,616 crore posted in the corresponding period of the pr
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