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Suryoday SFB Q4 Results: Bank returns to profit; asset quality improves
Suryoday Small Finance Bank reported a return to profitability in Q4, supported by strong net interest income growth and improving asset quality, while the board also recommended a final dividend.
InCred Holdings files IPO papers with SEBI; reports fastest PAT growth among diversified NBFC peers
The company operates primarily through its subsidiary, InCred Finance, a retail-focused, diversified middle-layer non-banking financial company registered with the Reserve Bank of India.
RBI clears Kotak Bank to raise stake up to 9.99% in AU Small Finance, Federal Bank
The Reserve Bank of India has approved Kotak Mahindra Bank's increased stake in AU Small Finance Bank and Federal Bank. Kotak can now hold almost 9.99 percent in both lenders. This move allows Kotak to build significant minority stakes. The approvals were confirmed through regulatory filings. Markets showed a mild reaction to the development.
Kotak Mahindra Bank gets RBI nod to acquire ‘aggregate holding’ of up to 9.99% in AU Small Finance Bank - Mint
Kotak Mahindra Bank gets RBI nod to acquire ‘aggregate holding’ of up to 9.99% in AU Small Finance BankMint
How AI bots hired over 260 candidates at Piramal Finance
Piramal Finance, a non-bank financier, hired 262 entry-level sales executives entirely using an artificial intelligence (AI) bot.
Small caps put on their best monthly showing since 2020. Bank of America says there's more upside ahead
Bank of America sees further upside for small caps after Russell 2000s strong April, highlighting ETFs SMLF, JSML, and AVDV, while advisers suggest a modest 5 to 10 percent allocation
Anthropic creates 10 new AI agents for bank and finance work, will there be bloodbath on stock market again? - India Today
Anthropic creates 10 new AI agents for bank and finance work, will there be bloodbath on stock market again?India Today
Anthropic creates 10 new AI agents for bank and finance work, will there be bloodbath on stock market again? - India Today
Anthropic creates 10 new AI agents for bank and finance work, will there be bloodbath on stock market again?India Today
Global uncertainties impact gold loan prices; so CSB will remain cautious
In light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lending, particularly with gold jewellery. This strategic pivot will see the bank prioritize wholesale and small business loans, anticipating a more measured growth in its gold loan portfolio this year.
Global uncertainties impact gold loan prices; so CSB will remain cautious
In light of recent fluctuations in gold prices prompted by international unrest, CSB Bank is reassessing its approach to gold-backed lending, particularly with gold jewellery. This strategic pivot will see the bank prioritize wholesale and small business loans, anticipating a more measured growth in its gold loan portfolio this year.
Banks cede consumer durable loans to NBFCs as credit cards take over small-ticket financing
Bank loans for washing machines and televisions are falling. Banks are now focusing on credit cards for these purchases. Non-banking finance companies are taking over this market. This trend is driven by the small loan amounts involved. Consumer durable loans represent a tiny fraction of total bank lending. This shift is expected to continue.
CSB Bank cautious on gold loans, focuses on wholesale business, says MD Pralay Monda
CSB Bank, a lender backed by Prem Watsa, is adopting a cautious stance on gold loans following global uncertainties. The bank intends to shift its focus towards wholesale and small business lending. Having completed its digital transformation, CSB Bank is now poised to expand its product offerings.