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Articles for Banking & Finance

Manappuram Finance Diversifies Loan Portfolio Beyond Gold Sector

While anticipating an 8-10 per cent yearly growth in gold loans, the company emphasised the significance of maintaining a yield within the 21-22 per cent range

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Bandhan Bank Offloads Strained Home Loan Portfolio

In a statement to exchanges, the bank disclosed the approval for transferring Rs 776 crore worth of home loans, which had been overdue for more than 180 days, to an ARC

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Bank Deposits Surge, Narrowing Gap With Credit Growth: Jefferies

Jefferies' note pointed out a positive shift in the past year, witnessing a remarkable 300 basis points (bps) improvement in deposit growth to 13 per cent YoY

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Financial Institutions Secure Rs 13,500 Cr Through Bond Issuances

While NABARD and Bank of Baroda's issuances were fully subscribed, IREDA managed to secure Rs 1,000 crore against its total issue size of Rs 2,500 crore

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Citigroup To Depart From Distressed Debt Trading Sector

As informed by individuals familiar with the matter, this move follows the bank's recent decision to withdraw from municipal bond trading and underwriting

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PFRDA Permits NPS Subscribers To Use UPI QR Code For Depositing Contributions

Under this new mechanism, subscribers will utilise the UPI QR Code to transfer their contributions

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HDFC Bank Collects Rs 7,425 Cr Via Non-Convertible Bonds

The funds, garnered from 7,42,500 bonds valued at Rs 1,00,000 each, are specifically earmarked for infrastructure and affordable housing projects

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ICICI Prudential Mutual Fund Announces Change In ETF Symbols On BSE, NSE

In total, the symbols of 28 ETFs of the Fund will be revised on both the Exchanges

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