Mint Explainer | SBI hikes home loan rates in a low-rate cycle-what does it mean?

MUMBAI, Aug. 18 -- The country's largest lender, State Bank of India (SBI), and fellow public sector major Union Bank of India have raised home loan interest rates by 10-25 basis points, even as the b... Read More

LIC deserves a better valuation from markets, says MD Doraiswamy

Mumbai, Aug. 12 -- The country's largest insurer Life Insurance Corp (LIC) of India deserves a better valuation from the market on the back of an improved customer service and the stronger product por... Read More

AU Small Finance Bank has to fulfil one precondition to become universal lender

Mumbai, Aug. 9 -- Having received the Reserve Bank of India's (RBI) in-principle approval to transition to a universal bank,AU Small Finance Bank Ltd's founder and managing director Sanjay Agarwal sai... Read More

LIC says health insurance foray delayed on likely policy change; open to 'all options'

Mumbai, Aug. 7 -- Life Insurance Corporation of India's (LIC) foray into health insurance is delayed due to likely regulatory and policy changes in the broader sector and due to the weak growth enviro... Read More

RBI mandates 10% loan retention in final co-lending norms for banks, NBFCs

Mumbai, Aug. 6 -- The Reserve Bank of India on Wednesday issued final guidelines on co-lending arrangements, mandating that each lender that is part of such a mechanism must keep at least 10% of the l... Read More

RBI chief says not to curb bancassurance, calls for firm guardrails

| Mumbai, Aug. 6 -- The Reserve Bank of India (RBI) has ruled out any ban or curbs on bancassurance, even as concerns mount over rampant misselling of insurance products by bank staff. Addressing a po... Read More

Bajaj Finance flags 'unexpected' stress in unsecured MSME loans

Mumbai, July 24 -- Even as it reported a steady April-June quarter in terms of growth and profitability, Bajaj Finance flagged "unexpected" stress in its unsecured micro, small and medium enterprises ... Read More

RBI ban behind, Kotak banks on new affluent programme to grow cards portfolio

Mumbai, July 24 -- Kotak Mahindra Bank is betting on its new, invite-only 'Solitaire' programme aimed at affluent customers to grow its credit cards portfolio, five months after the Reserve Bank of In... Read More

SBI raises Rs.25,000 cr via India's largest QIP; to issue 30.6 cr shares at Rs.817 each

Mumbai, July 21 -- The country's largest lender State Bank of India has raised Rs.25,000 crore through a qualified institutional placement (QIP) of its equity shares, making it the largest QIP execute... Read More

HDFC, ICICI Bank results signal patchy credit revival despite rate cuts

Mumbai, July 21 -- India's two biggest private lenders-HDFC Bank and ICICI Bank-posted muted loan growth and thinner margins in the June quarter, underscoring the challenges banks face as the Reserve ... Read More

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