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Aadhar Housing Finance working on two-way co-lending arrangements

New Delhi, Aug. 10 -- Aadhar Housing Finance Ltd (AHFL) is working on two-way co-lending arrangements, whereby it will help large banks build their affordable housing loan portfolio, which will qualif... Read More


RBI releases second NBFC upper layer list

New Delhi, Aug. 6 -- The Reserve Bank of India's second list of non-banking finance companies (NBFCs) in the upper layer (UL) under scale-based regulation framework has 17 entities, one more than the ... Read More


MPC keeps repo rate unchanged at 5.25%, retains neutral stance amid uncertainty

New Delhi, Aug. 5 -- The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) unanimously voted to keep the policy repo rate unchanged at 5.25 per cent and retained its "neutral" monetary pol... Read More


ESAF Small Finance Bank eyes Rs.1 lakh cr total biz of by 2030

New Delhi, Aug. 4 -- K Paul Thomas, Managing Director & CEO ESAF Small Finance Bank is eyeing a total business (total deposits plus gross advances) of Rs.1 lakh crore by 2030 from the current R... Read More


RBI MPC likely to stay on hold amid inflation risks, global uncertainty

New Delhi, Aug. 2 -- The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to keep the benchmark repo rate unchanged at 5.25 per cent and retain its "neutral" stance at its August 3-... Read More


In FCNR (B) race, small banks raise deposit rates to woo NRIs

New Delhi, July 29 -- Small and mid-size banks don't want to be left behind in the race to mobilise fresh foreign currency non-resident (bank)/ FCNR (B) deposits. They are playing the "interest rate" ... Read More


FCNR (B) deposits: Small, mid-sized private banks reach out to GIFT City IBUs to offer leverage to NRIs

New Delhi, July 22 -- Small and mid-sized private sector banks, which neither have overseas branches nor a GIFT City presence, do not want to be left out of the leverage opportunity when it comes to m... Read More


Rupee breaches 96 to the dollar mark for the second time in two months

New Delhi, July 14 -- The rupee on Tuesday breached the psychologically crucial 96 mark to the US dollar, giving up almost all the gains it made after the government and the Reserve Bank of India made... Read More


Large NBFCs seek to grow gold loans via acquisitions

New Delhi, July 13 -- Robust growth in gold loans seems to be whetting the appetite of large non-banking financial companies (NBFCs) to go in for either the acquisition of smaller NBFCs specialising i... Read More


Smaller pvt banks may find mobilising FCNR (B) under RBI's limited period swap window a bit of a challenge

New Delhi, July 6 -- Small and mid-sized private sector banks, which have no overseas or GIFT City presence, may find mobilising fresh 3-5 year Foreign Currency Non-Resident (Bank) deposits under the ... Read More