RBI data showed that bank loans for the fortnight ending February 17 grew by 4.8% year-on-year to Rs 75 lakh crore, compared to 11.2% rise in the year ago period.
It has also developed a banking curriculum for graduates at its training facility with a promise to take them on board on successful completion.
Investors would get 10-12% return, Vineet Sukumar, chief executive of IFMR Investment told ET. IFMR Capital will put in around 10% as subordinate investment giving adequate risk protection to other investors, he said.
The Insolvency and Bankruptcy Board of India was set up on October 1, 2016 and has registered 11 cases for insolvency resolution.
Ashok Kumar Pradhan, UBI's executive director said that the bank is continuously working to provide convenience by introducing technology based products.
Formerly SKS Microfinance, Bharat Financial chose Deogaon, a village 70 km from Jaipur, to harness the benefits of Aadhaar for rural citizens.
The roll-out of the technology relies on a three-step process -- Aadhar-based and online customer documentation process, credit bureau authentication and e-signing.
This is going to be one of the two test projects for the consumer financing company in 2017, chief executive Pavel Maco told ET in a telephonic interview.
This is going to be one of the two test projects for the consumer financing company in 2017, chief executive Pavel Maco told ET in an interview.
Home Credit has expanded footprint to 60 cities across 15 Indian states acquiring a customer base of over 2 million.
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