Finance

Saturday, May 25, 2024 | Last Update : 10:28 PM IST

Bank employee unions presses again for 5-day working week. (PTI Photo)

Bank employee unions demand 5-day working week, says COVID threat is haunting bankers

The Indian Banks' Association in January rejected the proposal for a five-day working week but offered a 19 percent pay hike to employees

20 Jul 2020 9:57 AM

Discount brokers provide a trading platform for the traders and charge marginal fees for the transactions.

Trade the millennial way with India's top broking Apps

We bring out to you the top 5 mobile-based discount broking applications with details on their features and expediency.

26 Feb 2020 9:00 AM

The report brings an in-depth analysis of the Indian Fintech industry that is purely driven by data collected over the last 4 years.

SEMrush unveils ‘Indian Fintech Market Report’ for 2020

The report forecasts the role of technology in the Fintech market and predicts future trends.

26 Feb 2020 8:39 AM

The government has emphasized on supporting the MSME sector by providing employment opportunities.

Platforms enabling easy access to short term loans and finance MSMEs

In this technologically advanced era, here are 5 fintech players that are disrupting the space by providing flexible benefit plans to MSMEs.

25 Feb 2020 7:06 AM

Indian start-ups are coming up with various products to ease finance/Credit or loans.

5 startups that help you with financial solutions

From financing your car to getting easy loans, now you can get all financial services with a single click on your mobile phone.

14 Feb 2020 7:38 AM

Here are some Fintech platforms that will help you get out of your troubles.

Short of cash? Check out these Fintech platforms for short-term loans

Thanks to the advent of Fintech in India, gone are the days when borrowing was a task in itself.

23 Jan 2020 10:35 AM

Microfinance is growing at 48 per cent CAGR in the last five years, there is still room for growth given that microfinance penetration is 25 per cent of the addressable market, KPMG India national head (Financial Services) Gayathri Parthasarathy said in the report. (Photo: Representational)

Room for strong growth for microfinance in India: KPMG

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.

19 Dec 2019 11:49 AM

Fintech players are disrupting this space with their advanced technology and by providing flexible benefits plan to these MSME’s. (Representational Image)

Platforms enabling easy access to finance for the MSMEs

MSMEs contribute 6.11 pc to the manufacturing GDP, 24.63 pc to the GDP from service activities, and 33.4 pc to manufacturing output.

15 Nov 2019 3:47 PM

Google aims to make your banking experience smoother

Google to soon offer checking accounts with banks.

14 Nov 2019 7:43 AM

Financing higher studies can be difficult, and in the absence of a scholarship you may have to look for a student loan to ensure that your child's further studies aren't compromised upon. (Representational Image)

Now finance your higher studies abroad with a Loan against Property

Overseas education continues to be an attractive proposition for undergraduate and postgraduate students.

04 Nov 2019 11:22 AM

South Africa, India, Mexico, Tanzania and Uruguay were among the top countries that safeguard e-money via some sort of deposit insurance or protection. (Photo: File)

India among nations with most conducive environment for financial inclusion: Report

As per the report India, Colombia, Peru, Uruguay and Mexico have the most favourable conditions for inclusive finance.

31 Oct 2019 3:06 PM

A recent report by the World Bank has indicated that the cyclic slowdown in India is becoming severe, decreasing its growth outlook by 1.5%. (Photo: Pixabay)

How India's fintech platforms are becoming a beacon of hope for global economy?

Here are some of the ways in which they are doing so.

24 Oct 2019 1:45 PM

The banking sector in India has experienced a radical shift in recent years.

How technology is changing the face of India’s banking sector

Global banks are transforming their business models to offer a digital-first experience to customers.

18 Oct 2019 11:24 AM

The task force will identify technically feasible and financially/ economically viable infrastructure projects that can be initiated in 2019-20. (Representional Image)

FinMin sets up task force to identify infra projects for Rs 100 lakh cr investment

The task force will draw up a 'National Infrastructure Pipeline' of Rs 100 lakh crore, the finance ministry said.

07 Sep 2019 2:05 PM

Before chalking down places to visit, the budget mapping is the most sought-after factor here.

Planning for a dream vacation but short of funds?

Here are 5 platforms to meet your immediate financial needs.

06 Sep 2019 2:17 PM

NBFCs and digital lenders have significantly filled in the credit gap and gained a much needed familiarity among the borrowers over the period.

Platforms that are catching the fancy of SMEs in tier 2 cities

Financial Lending platforms have very well penetrated tier 2 cities in India.

27 Aug 2019 3:50 PM

Reserve Bank of India’s (RBI) industrial survey may hold the answer. 1,231 companies took part in the survey.

Reserve Bank of India survey shows Indian companies are stressed over finance

Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of funding.

08 Aug 2019 4:04 PM

This service is powered by Karix Mobile using an advanced multi-channel conversational and compute platform.

AU Bank launches Account Opening on WhatsApp

New initiative to enable customers with innovative and convenient digital banking experience in partnership with Karix Mobile.

06 Aug 2019 5:58 PM

Anglo-Gulf Trade Bank partners with Publicis Sapient and Microsoft

Publicis Sapient will function as a digital partner, utilizing the best of Microsoft’s intelligent Cloud-based security and data solutions.

31 Jul 2019 8:42 PM

The bank will also monitor stock and inventory levels on a monthly basis to keep tabs on the dealer’s financial health.

SBI tightens lending terms for auto dealer: source

SBI has also cut the credit period for dealers to 60 days from 90 days.

30 Jul 2019 8:49 AM

By using the facility, Samsung Pay users can apply for Credit Cards and Personal loans from the platform.

Now Samsung Pay users can get easy loans with Paisabazaar.com

Paisabazaar.com supports Samsung Pay users by providing one stop solution to their financial requirements.

09 Jul 2019 5:26 PM

India Inc, our job creators, is the nation's wealth creators. Together, we can prosper. I wish to propose a number of reforms to kick start virtuous cycle of growth, said Nirmala Sitharaman. (Representational Image)

Budget 2019: Our job creators are our wealth creators: Sitharaman praises India Inc

Earlier she said that the objective her government was to empower citizens for a strong nation.

05 Jul 2019 12:09 PM

This partnership will leverage upon the bank's efficient lending mechanism and IndoStar's reach in the smaller pockets of the country to make credit accessible for a larger set of people.

ICICI Bank, IndoStar Capital join hands for commercial vehicle financing

ICICI Bank will provide funding to these customers, who have so far limited access to organised credit.

03 Jul 2019 3:08 PM

Remove clutter from your cashflow and devise a budget which you would regularly abide by.

5 rules to make you financially independent

Save before spending. The practice of saving adds to one’s psychological wellbeing.

25 Jun 2019 2:34 PM

Much attention at G-20 meetings this year is focusing on how to adapt tax systems and regulation of increasingly digital economies. (Photo: Representational I File)

G-20 talks trade, finance as Japan readies for Osaka summit

Japan, the world's third-largest economy, is hosting the G-20 for the first time since it was founded in 1999.

09 Jun 2019 11:38 AM

A big push to get banks and brokerages into Gujarat International Finance Tec (GIFT) City remains far short of expectations.

India's jobs deficit: Project in Gujarat struggling to create employment

GIFT City supports only 9,000 jobs and only about 3 million of its 62 million square feet of planned development have been built.

25 May 2019 6:18 PM

Such platforms are mainly backed with technologies like artificial intelligence, big data, which are rapidly proving their value across the industries.

4 Fintech platforms making financial services completely seamless

With a vision to enhance and for a frictionless experience for the user enclosed below are few fintech facilitators redefining the industry.

24 May 2019 2:22 PM

The earnings growth revival in the capital markets is getting pushed farther. (Photo: ANI)

Fishing in troubled waters of finance sector

Non-banks borrow from their competition (banks), mutual funds, insurance companies and institutional investors.

06 May 2019 6:52 AM

Guarantees are contingent liabilities have the potential to impact the financial performance of the government.

Finmin asks all depts to conduct review of govt guarantee; submit details by Apr 30

The Finance Ministry has extended date for submission of these details to April 30 from April 10.

23 Apr 2019 9:38 AM

Fintech lenders are able to venture into segments previously deemed high-risk by financial institutions. (Photo: Pixabay)

5 distinctive platforms that provides smooth finance resource for MSME

Emerging fintech platforms have been successful in bridging the gap between lenders and borrowers.

12 Mar 2019 6:29 PM

F-Secure’s survey found that 22 percent of companies did not detect a single attack in a 12-month period.

14.5% of companies in India could not detect any attacks in 2018

Attack traffic observed by F-Secure’s network of decoy honeypots in 2018 increased by 32 percent over the previous year.

05 Mar 2019 6:40 PM

Air India has also realised a rental income of Rs 314 crore approximately. (Photo: File | AFP)

Govt has prepared revival plan for Air India: Jayant Sinha

Till date, Air India has realised an amount of Rs 410 crore through sale of its non-core assets in various cities in India and abroad.

27 Dec 2018 2:30 PM

The new arrangement allows co-financed projects to be implemented more efficiently by applying a single framework to the whole project.

ADB enters an arrangement with World Bank for co-financed projects

In 2017, ADB operations totalled USD 32.2 billion, including USD 11.9 billion in co-financing.

06 Dec 2018 2:33 PM

The banking & finance industry is amongst the earliest adopters of AI and continues to drive imaginative use of this path-breaking technology.

How AI and ML drives modern banking and finance

AI in banking probably means a robot like creature dispensing cash at the teller counter.

03 Dec 2018 2:46 PM

The credit gap was huge and hence fintech models stepped in with the idea to consider secondary data to do credit profiling and further lend.

The Tech in Fintech: Leading platforms that is online right now

Since fintech forayed in India a lot of business models were created to explore lending space.

03 Dec 2018 1:30 PM

Walmart Foundation on Thursday announced that it will invest about Rs 180 crore (USD 25 million) to improve farmers' livelihoods in the country over the next five years.

Walmart Foundation to invest Rs 180 crore for farmer support

The new funds will be used to support farmer organisations to develop knowledge of sustainable farming practices.

27 Sep 2018 2:00 PM

Consumer sentiment in India rose to a new record high in July as respondents were bullish about future prospects for both business conditions and household finances.

Indian consumer sentiment hit record high in July, says report

As per the survey, respondents were postponing purchases to benefit from lower prices post the GST tax reduction.

01 Aug 2018 3:38 PM

The question underlying this work was whether parental support gives adult children an advantage or hinders their development. (Photo: Pixabay)

Parental support can do wonders for career success

Parental assistance could help or hinder young people, depending on the nature of the assistance.

03 May 2018 3:49 PM

For the period between April 2014 and March 2017, the overall bank PV loans grew at a compounded annual growth rate (CAGR) of 18 per cent.

PV finance may grow at 16-17 per cent to hit Rs 6.5 trillion

The expansion in credit will be driven by passenger vehicle (PV) sales volume and passenger vehicle realisation growth.

03 Apr 2018 6:50 PM

Finance Minister Arun Jaitley at CriSidEx launch. (Photo: PTI)

Jaitley launches CriSidEx, India's 1st sentiment index to help MSEs

Banks are really ready to support the MSME sector and they being major employment generator.

03 Feb 2018 4:01 PM

Bitcoin hasn't caught on as a currency for buying things, as intended. But it has drawn huge interest from traders, and its price has soared over the past year.

Bitcoin skids as traders worry that Korea will crack down

The price of bitcoin fell 13 percent to $9,823 at 1:26 p.m. Eastern Time, Wednesday according to Coindesk.

18 Jan 2018 8:45 AM

India has been opposing discussions on new issues like e-commerce, SMEs, gender, investment at the World Trade Organisation. (Photo: Representational/PTI)

Commerce Secretary urges policy framework to address export financing woes

Availability of finance and export finance is constrained and hampers the competitiveness of India's exports.

13 Jan 2018 12:05 PM

The bank, however, did not specify whether the borrowing would be in rupee denomination or dollar.

SBI to raise Rs 5,000 crore via bonds for affordable housing

Last month, bank's board had approved raising Rs 8,000 crore through various sources.

10 Jan 2018 9:45 AM

Adani coal mine could be complicated by a position taken by Labor during campaign to block any financing of related infrastructure.

Adani hopes for govt coal mine loan fade after Australian election

Adani is also seeking A$2 billion in outside financing to construct the first stage of the mine.

27 Nov 2017 10:13 AM

India Post Payments Bank to promote financial inclusion: Manoj Sinha

So far 57 post offices are providing Passport Seva and in the coming days 93 more will be added to the list.

09 Oct 2017 6:24 PM

Fund will be utilised towards welfare activities and betterment of the families of ex-servicemen who have lost their lives guarding the nation.

ICICI Bank commits Rs 10 cr for welfare of armed forces

A cheque worth Rs 5 crore was handed over to Defence Minister Nirmala Sitharaman here on Monday as part of the initiative.

09 Oct 2017 5:09 PM

A subsidiary of public sector lender Punjab National Bank, PNB Housing Finance is in the business of providing home loans.

PNB Housing Finance to raise up to Rs 1,000 cr via bonds

Stock of PNB Housing Finance closed 1.98 per cent down at Rs 1,593.50 apiece on BSE.

05 Sep 2017 9:36 AM

Present project financing ways must change: Kochhar

In FY17 bank credit slipped to a pale 5.08 per cent lowest since fiscal 1953 when it was a paler 1.8 per cent.

24 Aug 2017 11:56 AM

Grab said it amounts to the largest single financing in Southeast Asia.

Uber rival Grab to raise USD 2.5 billion in new financing

Grab offers private car, taxi, motorbike and carpooling services in 7 countries and 65 cities across Southeast Asia.

24 Jul 2017 11:36 AM

GST kicks in: Education to movies, find out if services got cheaper

The historic indirect tax reform will change everything, from eating out to travelling, from education to telecommunication.

01 Jul 2017 12:23 PM

The company has 1,221 operational petrol pumps and is focusing on expansion into new markets in FY2017-18.

RIL refinances USD 2.3 bn loans to cut interest cost

Company had a gross debt of Rs 1,96,601 crore as on March 31.

28 Jun 2017 4:23 PM

About Rs 495 crore of long-term loan will come up for repayment in the current financial year.

Will repay Rs 125 cr debt to PSU bank by June-end: MTNL CMD

MTNL has also sought government aid for its high employee cost - a tab of Rs 2,800 crore.

26 Jun 2017 5:05 PM

Jaitley reviews NPA scenario with top bankers

Public sector banks made a stable operating profit of Rs 1.5 lakh crore in 2016-17.

12 Jun 2017 1:59 PM

The sector has been under severe pressure since the entry of newcomer Reliance Jio, last year.

Telcos' financial woes: Govt panel to give views in 3 months

Financial stress in the telecom sector can well be gauged from the fact that the industry has a debt of Rs 4.6 lakh crore.

14 May 2017 12:25 PM

Railways will have a 26 per cent stake in the joint venture project.

Railways to invite bids for manufacturing coaches

Railways will invite financial bids worth over Rs 20,000 crore for manufacturing around 5,000 AC and non-AC coaches.

02 May 2017 10:28 AM

Snapdeal searches for funds, takeover speculation grows

Snapdeal has been desperately looking to raise money in China for the last few months.

24 Mar 2017 6:08 PM

Telecom giants RCom lowered its debt by Rs 2,833 crores to Rs 32,371 crore.

India Inc cuts Rs 95,000 crore debt

Refineries, telcos and finance firms lead the way in debt repayment.

20 Jan 2017 5:26 AM

IMF's Lagarde guilty, but not punished, in French negligence trial

The court has decided not to punish her or give her a criminal record.

19 Dec 2016 8:49 PM

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