Fintech makes rapid strides with $39-billion funding in 2022: IIFL report Brokerage industry undergoing big transformation: IIFL Securities chairman IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain Stocks to Watch: Infy, HCL Tech, Sah Polymers, Concor, IIFL Wealth, RailTel Mkts may outperform after clarity on Adani issue: IIFL Securities chairman Kauvery Hospitals gets $70 ...

Higher deposit pricing to compress net interest margins by 10-20 bps Banks are expected to see a 10-20 bps compression in their net interest margins (NIMs) to 3-3.1 per cent this fiscal as they price deposits higher to attract more funds, says a report. However, lower credit costs will offset this tailwind on account of continued benign asset ...

Microfinance loan portfolio rises by 22% to Rs 3.48 lakh cr in FY”23 Microfinance loan portfolio increased by 22 per cent to Rs 3.48 lakh crore during 2022-23, according to a report. Gross loan portfolio stood at Rs 2.85 lakh crore as on March 31, 2022. Microfinance loan disbursals during FY 2022-23 improved by 23 per cent ...

IMGC to focus on strengthening partnerships with finance institutions: CEO India Mortgage Guarantee Corporation (IMGC) would focus on strengthening partnerships with banks and financial institutions, a top official said on Tuesday. The company is backed by marquee investors — Enact MI, Sagen (Brookfield Group), National Housing Bank, IFC (World Bank Group), And Asian Development Bank. The mortgage ...

Disinflation process is likely to be slow and protracted, says RBI Governor Reserve Bank Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow. “As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 per cent being achieved over the medium-term,” ...

Gold ETFs posts Rs 103 cr inflow in May, falls by 21 cr from April Gold exchange-traded funds (ETFs), considered a safe haven during uncertain times, continue to glitter as they received a net inflow of Rs 103 crore in May. The development comes after a net inflow of Rs 124 crore witnessed in the asset class in ...

India set for $168 bn behemoth as HDFC merger to be completed by 20 July The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely.  Announcement of the so ...

How to Improve your CIBIL score even after late payments Too busy to pay that credit card bill? Make sure you keep a monthly tracker of your bill date because missing out on a single credit card bill payment or loan installent,  impacts your credit score.  What is a credit score Missed as well as late payments get reflected in ...

Who gets impacted and who doesn’t Leading private sector lender, HDFC Bank has hiked benchmark marginal cost of funds-based lending rates (MCLR) by 5 basis points to 15 basis points with effect from 7 June. The lending rates have been raised from tenures starting overnight to six months, which means those who have home loans, personal and vehical loans tied ...

Flights Overbooking Compensation in india: You can get up to Rs 20,000 as refund: Here’s how If you have been denied boarding because your flight was overbooked and you have not been offered an alternate flight in the next one hour, you are eligible for a compensation of up 200% of booked one way basic fare + airline fuel charge ...