Loading… India’s NBFCs have dropped two years of stress and now earn more. They show a clear profit uptrend this quarter, says Asian Banking & Finance. What Changed For NBFC Earnings Now NBFCs are non-bank lenders. They give loans like banks do. Bad loans fell and credit demand rose. So profits grew fast. The sector … Read more
Loading… India has received fresh bids for the IDBI Bank stake sale. Fairfax and Emirates NBD sent revised offers this week. The government and LIC are reviewing them right now. Who Bid and What They Offered Two big names joined the race for IDBI Bank. Canada’s Fairfax and Dubai’s Emirates NBD are the bidders. They … Read more
Loading… The Reserve Bank of India has suggested new steps to stop digital fraud. These steps aim to protect your money during online bank use. You can read the full note on News on Air RBI fraud update. RBI New Safety Steps for Banks The RBI wants banks to add stronger user checks. It asks … Read more
Loading… Citi and other banks now expect fewer rate hikes in India. They see inflation staying calm. You can read the full update on The Hindu BusinessLine report. Why Banks Cut India Rate Hike Bets Inflation looks moderate in the coming months. So banks changed their call. Citi trimmed its hike view for the Reserve … Read more