The FinTech Hub
Source: Live Mint Despite the high valuations of benchmark indices, there is no significant risk of a major correction soon, Rahul Singh, Chief Investment Officer (equities) of Tata Mutual Fund, says in an emailed interview with MintGenie. He also speaks about the sectors that are likely to do well in the near future. While sharing…
Source: Business Standard 2 min read Last Updated : Oct 10 2024 | 9:26 PM IST Reflecting pressure on asset quality, BSE-listed microfinance lender CreditAccess Grameen Ltd’s overdues across buckets rose in the quarter ended September 2024 compared to the quarter ended June 2024. The portfolio at risk (PAR), i.e., loans where payments…
Source: Business Standard 2 min read Last Updated : Sep 27 2024 | 6:16 PM IST Credit card spending growth has slowed to 16.6 per cent in FY25 so far (YTD FY25) due to restrictions on limits, a series of Reserve Bank of India (RBI) regulations, and increasing stress in the portfolio. In…
Source: Live Mint Global brokerage house Phillip Capital, in a recent note, observed that it has witnessed sectoral shifts within the Nifty and broader Indian equity markets, focusing on changes over both long and short terms. According to the report, investment-oriented sectors, including cement and building materials, gained considerable traction post the Covid-19 pandemic and…
Source: Business Standard 2 min read Last Updated : Sep 25 2024 | 7:15 PM IST Cumulatively, organised gold loans offered by banks and non-banking finance companies (NBFCs) are set to top Rs 10 trillion in the current financial year (FY25) and will potentially touch Rs 15 trillion by March 2027, rating agency ICRA…
Source: Live Mint Benchmark indices Sensex and Nifty hit new highs in the previous session on September 24. However, as of September 25, trading remains subdued, with muted movement across the markets. On September 24, Benchmark Sensex reached a record high of 85,163.23, crossing the 85,000 mark for the first time, while Nifty set a…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 21 2024 | 8:35 PM IST The Union Finance Ministry has advised the Debt Recovery Tribunals (DRTs) and banks to engage with borrowers outside the tribunals to reduce the pendency of cases, according to a senior finance ministry official speaking to…
Source: Business Standard 2 min read Last Updated : Sep 19 2024 | 8:05 PM IST Jana Small Finance Bank on Thursday announced a new deposit scheme offering 6.75 per cent for tenures ranging from seven to 180 days. The rate is applicable for the minimum deposit amount of Rs 10 lakh for retail…
Source: Business Standard 3 min read Last Updated : Sep 16 2024 | 5:37 PM IST The Account Aggregator (AA) framework has facilitated loans amounting to Rs 42,300 crore since its launch three years back, said Sahamati, the industry alliance for the ecosystem. During the same period till March 2024, about 4.22 million…
Source: Business Standard Photo Credit: Ruby Sharma 1 min read Last Updated : Sep 13 2024 | 10:34 PM IST State-run Indian Bank has raised Rs 5,000 crore through the issuance of long-term infrastructure bonds. The bank received a total of 88 bids amounting to Rs 13,680 crore against the total issue size…
