Trading of PSLC was introduced in 2016 and FY18 was the first full year of its use.
ICICI Bank and Axis may have fallen on bad times, but the two powerful women of Indian banking built and ran institutions that many could only envy.
It's unlikely that the demand for bank loans has suddenly risen to the roof. It's perhaps the usual dressing up of balance sheet, known as window dressing.
Pricing of micro loans is linked to cost of fund as RBI capped the margin for to non-banking finance company-microfinance institutions at 10%.
Khan, who had spearheaded RBI's vision on payment system, joined the board a couple of weeks back, Bandhan Bank Managing Director Chandra Shekhar Ghosh told ET.
NABARD has directed the RRBs to initiate self-corrective action based on parameters such as capital adequacy, asset quality and profitability.
Svatantra Microfin Pvt Ltd has lowered lending rate by 350 basis points to 19.25%, making it the lowest rate by any microfinance firm in the country.
Income from SMS alert service goes against RBI advisory. But a majority of banks, including SBI and ICICI Bank, levy these charges nonetheless.
For smartphones, about 25% of all sales are now on finance, compared with less than 10% before the government’s cash-ban programme, leading brands and retailers said.
Investors have backed his strategy generously. Its Rs 4,473-crore public offer was subscribed 14.62 times, braving all odds in a jittery market.
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