Against the backdrop of the pandemic, Parekh said HDFC had articulated that there are three key monitorables – liquidity, growth and asset quality. Demand for home loans has remained strong even during the Covid-19 pandemic, Housing Development Finance Corporation (HDFC) chairman Deepak Parekh said on Tuesday at 44th annual general […]

After the resolution of RCF, parent firm Reliance Capital may reduce total debt of Rs 9,000 crore from its books, sources said. By Ankur Mishra Lenders to Reliance Commercial Finance (RCF) are understood to have voted in favour of Mumbai-based NBFC Authum Investment and Infrastructure’s bid, sources close to the […]

The net interest income saw a 15% y-o-y growth to Rs 574 crore. Total income increased 42% during the March quarter to Rs 968 crore. By Ankur Mishra IIFL Home Finance aims to raise around Rs 7,000 crore during the current financial year, CEO Monu Ratra told FE. The fund-raising […]

The cash withdrawals were initially capped at Rs 1,000 per account for six months, but gradually relaxed to Rs 1 lakh in June last year. Reserve Bank of India (RBI) on Friday said a proposal from Centrum Financial Services (CFS) and BharatPe to reconstruct PMC Bank (Punjab and Maharashtra Co-operative […]

While the focus of the paper appeared on over-indebtedness and pricing gaps, there are some challenges to actual on-the-ground implementation of some recommendations, Edelweiss Research said. The Reserve Bank of India’s proposed framework for harmonising the regulatory frameworks for various regulated lenders in the microfinance space is expected to help […]

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