Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability."
One of the major investments includes a USD 40 million loan to APAC Financial Services Pvt. Ltd., which will expand lending to low-income and new-to-credit microenterprises across India, providing long-term capital to some of the country's smallest businesses.
This initiative is set to enhance the state's tourism potential by upgrading heritage sites, promoting cultural centres, and improving tourism infrastructure.
Pakistan has recently reached a significant agreement with the International Monetary Fund (IMF) for a USD 7 billion loan, yet many citizens express frustration over the country's persistent economic struggles.
he US has acknowledged claims made by Pakistan Peoples' Party (PPP) Chairman, Bilawal Bhutto Zardari on accusations of alleged mismanagement of $400 million received by Pakistan in loans and aid from the World Bank, meant for flood relief actions in the country.
Mumbai (Maharashtra) [India], October 3: Northern Arc Capital Limited, a diversified financial services platform, has successfully concluded its Initial Public Offering (IPO) with an overwhelming response. The IPO saw robust participation from institutional investors, HNIs, and retail invest
Non-banking financial companies (NBFCs) are increasingly attempting to access funding sources beyond banks, such as through non-convertible debentures (NCD), commercial papers (CP), foreign currency borrowings (FCB) and securitisation, to continue their growth march, asserted Crisil Ratings.
RBI has found irregular practices in the grant of loans against pledges of gold ornaments and jewelry by some entities. It has thus advised all "supervised entities" to comprehensively review their policies, processes, and practices on gold loans to identify gaps.
Mumbai (Maharashtra) [India], September 30: HDFC Life, one of India's leading insurers, has expanded its partnership with Sundaram Finance. Through this collaboration, HDFC Life will offer HDFC Life Group Credit Protect Plus Insurance Plans to customers of Sundaram Finance, across loan segme
Pune (Maharashtra) [India], September 30: Bajaj Finance, a leading name in India's financial sector, has a streamlined financial solution for individuals seeking significant funds through its Loan Against Property (LAP). With competitive mortgage loan interest rates, flexible repayment tenur
Pune (Maharashtra) [India], September 30: As the festive season approaches, it brings with it an air of joy, celebration, and new beginnings. This period is traditionally considered an auspicious time to invest in big purchases, such as a new home. For many, owning a home is not just a finan
Pune (Maharashtra) [India], September 30: In a profession where time is of the essence, securing a loan with minimal delays is essential. Bajaj Finance Doctor Loan is specifically tailored to meet the financial needs of medical professionals, offering competitive terms and flexible repayment