Banking & Finance

Sandhu leads selection committee With an aim to facilitate investment in the highway sector, the National Highway Authority of India (NHAI) is in the process of setting up an Infrastructure Investment Trust (InvIT) to act as an investment manager. It...

Businesses under pressure to ensure the safety of workers Tata Consultancy Services (TCS) has launched IUX for Workplace Resilience, a business command center solution that helps enterprises make it safe for employees returning to work amid COVID-19 and for customers...

SLS Trust formed to support NBFCs-HFCs The SBI Capital Markets Limited (SBICAP) has set up a Special Purpose Vehicle in the form of SLS Trust on 1 July 2020 to handle Rs.30,000 crore Special Liquidity Scheme to improve the liquidity...

Incentives for private sector participation in affordable housing The World Bank has signed agreements for two US$250 million to help low-income groups Tamil Nadu get access to affordable housing and strengthen the state’s housing sector policies, institutions, and regulations. The...

Expect NPAs to a fresh high The COVID-19 pandemic may set back the recovery of India's banking sector by years, which could hit credit flows and, ultimately, the economy. S&P Global Ratings expects non-performing loans in India will hit a...

500% increase in chatbot conversations RBL Bank has enabled additional banking transactions and added a host of new features to ‘RBL Cares’, its AI-powered conversational chatbot that can provide real-time customer service assistance on a range of questions related to...

Finance companies’ credit risk remains high S&P Global Ratings said economic conditions have turned adverse for Indian banks due to COVID-19 as the drastic efforts to curtail the spread of the coronavirus have resulted in a sharp economic contraction. The...

LTVs could increase by 6-10%   ICRA expects the asset quality of housing finance companies (HFCs) to worsen going forward. As per its recent report based on the aggregated analysis of its rated HFCs, the GNPAs in the housing segment...

FICCI+PwC FinTech report launched The Indian industry needs to do collective brainstorming and work jointly with the government for taking FinTech 2.0 to the next level, K Rajaraman, Additional Secretary (Investment & IER), Department of Economic Affairs, said “Fintech has...

Rs.20,000 crore guarantee for MSME promoters MSME Minister Nitin Gadkari has launched the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. As per the Scheme, the ‘guarantee cover’ worth Rs.20,000 crores...