Three perennially loss-making banks have returned to the profit track. IDBI Bank Ltd, which carries the soul of a public sector bank (PSB) in a…
At Sub-7%, Have HOME LOAN Rates Reached Rock Bottom?
In October 2003, ABN Amro Bank announced its entry into India’s mortgage market, offering 6 per cent interest rate on home loans in the first…
How To make marketplace lending safe
Last week, Munich-headquartered Wirecard AG, one of the fastest growing fintech companies in Germany, filed for insolvency. Around €1.9 billion is missing and its auditor…
MORTGAGE Norms: Reserve Bank Plans to Tighten or Relax?
After taking over as the regulator of the mortgage market in August 2019, India’s central bank last week proposed to define what is home finance…
After MSMEs, It’s Time To Focus On Large STRESSED Sectors
The back office of the State Bank of India, the largest lender by assets, has shot off letters to its 810,000 small and medium enterprise…
IL&FS Exit A Big Boost For GIFT CITY
In the last week of May, the National Company Law Tribunal approved the sale of once-upon-a-time infrastructure development catalyst Infrastructure Leasing & Financial Services Ltd’s…
BANKER as a Covid WARRIOR
Baskar Babu Ramachandran, managing director and CEO of Suryoday Small Finance Bank Ltd, says at least one lakh microfinance borrowers of his bank paid their loan instalments…
Lending, SPENDING… And Bending
Two off-cycle rate cuts by the Reserve Bank of India (RBI) and a Rs20 trillion-plus package by the government. Are they enough to fight the…