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Why Small Finance Banks Aim to Accelerate Their Shift to Universal Banking

In Short:AU Small Finance Bank has applied for a universal banking license, which would make it the first small finance bank (SFB) to become...

New SBI chairman Setty faces challenging task, but is ready

In Short:Challa Sreenivasulu Setty is set to become the new chairman of SBI. Despite a deposit slowdown and rising loan delinquencies, analysts are positive...

Banks may request unique provisions for MSMEs in RBI’s draft rules for infrastructure sector.

In Short:Banks are planning to ask the RBI and finance ministry to exempt loans given to small businesses from proposed rules for infrastructure financing....

Vodafone Idea plans to secure Rs 15,000 cr loans in 2 years

In Short:Vodafone Idea Ltd. is seeking loans of 150 billion rupees ($1.8 billion) in the next two years to help improve its operations. They...

Williamson Magor & Co fails to pay ₹164.78 crore towards loan repayment

In Short:Williamson Magor & Co, part of the Khaitan family group, defaulted on payments of Rs 164.78 crore to banks and financial institutions in...

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