Banking & Finance

Paytm leads the market Forty-nine per cent of Indian respondents “make online purchases daily”, the highest among leading Asia Pacific countries, according to a survey of 3,500 consumers by Rapyd, a global Fintech as a Service company The research, conducted...

Retail loans to be lower Concerns could also emerge on servicing the ability of originators given the difficulties observed in changing the servicer in securitization market, according to Abhishek Dafria, Vice President & Sector Head, Structured Finance at ICRA Ltd....

Advances of likely support the liquidity profile ICRA Ratings has said that based on the consolidation of its rated Housing Finance Companies (HFCs) accounting for around 90% of the sectoral AUM, most players were comfortably placed in terms of liquidity....

PSBs require Rs.450-825bn capital Investors' interest in public sector banks (PSBs) will continue to remain weak amid prevailing uncertainties made worst by COVID-19 pandemic. Commenting on these developments, Anil Gupta, Sector Head – Financial Sector Ratings, ICRA Ratings elaborated, “With...

Lenders expected to take haircuts The Covid-19 pandemic and the suspension of new proceedings under the Insolvency and Bankruptcy Code (IBC) are expected to result in significantly lower realisations, by 30-40% for the financial creditors in FY20-21 and pose new...

HDFC’s end-to-end digital services Bajaj Auto, the world’s favourite Indian has joined hands with HDFC Bank to facilitate retail financing solutions to its customers. Under this special tie-up, customers of Bajaj Auto can now access HDFC Bank’s expertise and extensive...

Liquidity key to weather near-term headwinds: ICRA ICRA Ratings has said that extended moratorium on loan repayments given by the Reserve Bank of India till August 2020 would have a bearing on collections by Non-banks and this could pose a...

Instant payment by DBS RAPID DBS Bank India has introduced a completely digital and innovative payment solution in the Indian transportation and logistics sector, contributing to Digital India. Taking forward DBS’ commitment to supporting lives and livelihoods, the bank said...

INSTC being popularized The Indian industry has been urged to present views on engaging in opportunities in the Eurasian European Union which have agreed to start negotiations on a trading agreement. Making the call Manish Prabhat, Joint Secretary, Eurasia, Ministry...

Updating road maintenance system The Asian Development Bank (ADB) is providing a US$177 million loan for upgrade of 2 major district roads and 11 state highways with combined length of 450-km in Maharashtra. The project will convert roads to 2-lane...