The FinTech Hub
Source: Business Standard 2 min read Last Updated : Sep 24 2024 | 5:05 PM IST Reflecting the cumulative impact of the Reserve Bank of India’s actions, the loan growth of rated finance companies in India will moderate to 18 per cent in the current financial year (FY25) from 20 per cent in FY24,…
Source: Business Standard Illustration: AJAY MOHANTY 3 min read Last Updated : Sep 20 2024 | 9:02 PM IST Non-Banking Financial Companies (NBFCs) have diversified funding sources and reduced their borrowing from banks after the Reserve Bank of India (RBI) increased risk weights on bank borrowings, as per the September Bulletin. In November…
Source: Business Standard 3 min read Last Updated : Sep 19 2024 | 7:22 PM IST Flexi-cap funds are back on investors’ radars. In August 2024, they recorded net inflows of Rs 3,513 crore, the highest among diversified-equity schemes. With Indian stock markets at record highs and valuations at elevated levels, investors are turning…
Source: Business Standard 3 min read Last Updated : Sep 12 2024 | 6:44 PM IST Technology funds have been the best-performing category in recent times within the equity space. Of the total category average return of 35.2 per cent garnered by them over the past year, 22 per cent has come in the…
Source: Business Standard 2 min read Last Updated : Sep 12 2024 | 5:39 PM IST While the government is heavy lifting the current infrastructure spending, the private sector needs to step up as the country is looking at doubling infrastructure spending to Rs 140 trillion by 2030, said M Nagaraju, secretary, Department of…
Source: Business Standard 4 min read Last Updated : Sep 11 2024 | 8:06 PM IST The outstanding balance in the Sukanya Samriddhi Yojana (SSY) grew from Rs 77,472 crore in February 2023 to Rs 1 lakh crore in February 2024, according to data from the Reserve Bank of India. SSY registered a 41…
Source: Business Standard 4 min read Last Updated : Sep 10 2024 | 7:11 PM IST The Reserve Bank of India (RBI) has been repeatedly raising alarm about the widening gap between non-food credit growth and deposit growth in the banking sector, which raised the credit-deposit (CD) ratio to 78.1 per cent (80.3 per…
Source: Business Standard 3 min read Last Updated : Sep 09 2024 | 6:44 PM IST The number of Indian students pursuing higher education abroad doubled between 2019-20 and 2023-24, according to a recent report by CRISIL Ratings. The same report adds that education loans for overseas studies are a rapidly expanding segment…
Source: Business Standard 3 min read Last Updated : Sep 09 2024 | 6:54 PM IST New business premiums of life insurance companies grew 21.8 per cent year-on-year (YoY) to Rs 32,644.09 crore in August, aided by robust growth in premiums of state-owned Life Insurance Corporation (LIC). LIC’s new business premium growth was…
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