Tag Archives: Banks

Not enough prop for AU Small Finance Bank’s lofty valuations

Mumbai: The highlights of AU Small Finance Bank Ltd’s fourth quarter (Q4) results would indicate that the lender deserves the lofty valuations it has currently. After all, net profit grew at an impressive 42% in Q4, backed by a healthy 35% growth in net interest income. What’s more, growth in assets under management was 51%, and the fact that deposit growth ... Read More »

Vijay Mallya offers to curtail ‘lavish’ lifestyle to repay debt to banks

Vijay Mallya is willing to curtail his ‘lavish’ lifestyle. (File) A UK court has been told that embattled liquor tycoon Vijay Mallya is willing to curtail his “lavish” lifestyle to satisfy numerous Indian banks trying to recoup some of the nearly 1.145 billion pounds owed to them. Mallya had been sanctioned an “ordinary living expenses allowance” of a maximum of 18,325.31 ... Read More »

Just a third of credit-worthy consumers tapped by banks: Cibil report

This segment of eligible consumers promises retail lending opportunities for banks through products such as credit cards, personal loans and consumer durable loans. Photo: iStock Mumbai: Even after the increased focus on retail loans for a decade, banks and other lending institutions have been able to tap only into a third of the estimated 220 million credit-eligible consumers, a report said. ... Read More »

Rural Financial Inclusion: Small Finance Banks Could Pick up Where Public Sector Banks Left Off

Microfinance institutions lend at between 20% and 26% and are able to get all their money back with negligible non-performing assets. Credit: Reuters A fundamental change is taking place in Indian banking which has the potential to become as dramatic as bank nationalisation. The process is understood, but its likely impact is not. Hence the issue is missing from headlines. ... Read More »

Upcoming Exam Dates of Banks, Central & State govt

As a professional career counselor myself, I know the importance of what job opportunities signify in the life of a student who is always on the hunt of getting the best placement according to his caliber. After all, losing an opportunity may create depression, hopelessness or anxieties. However, now you don’t have to worry about anything. I am compiling the ... Read More »