In Q1 they had Rs 7,083 crore under moratorium which has now come down to Rs 1,500 crore, partly due to the fact that a large chunk repaid Tewari said, adding that while a large chunk of delinquent customers have not yet turned to NPA they are trying to ask them unavail the easy pay option. … [Read more...] about SBI Card to enrol ‘delinquent’ customers in restructuring plans: MD
"Deposits fell 10-11 percent and almost two-third of reduction is on account of government-related accounts – this is largely related to general private sector bank stance. This will also result in lower CASA ratio, but reduce our dependency on this category for deposits in future," IndusInd Bank said in a regulatory filing on BSE on March 30. … [Read more...] about IndusInd Bank deposits shrink by 10-11%, brokerages see tough road ahead
It was in 2012 that a credit committee of ICICI Bank in which Chanda Kochhar was a member in her capacity as CEO signed a letter sanctioning a loan to Videocon promoter Venugopal Dhoot. ICICI was part of a consortium of more than 20 banks and financial institutions that disbursed the loan of Rs 40,000 crore to consolidate debt and expand into oil and energy. India’s third biggest lender ended up loaning Rs 3,250 crore to Dhoot’s business. … [Read more...] about ICICI-Videocon case: Deepak Kochhar arrested. Is Chanda Kochhar next?
“Our goal with EVs is to revolutionise first and last mile transportation globally and take e-mobility to the masses. World EV Day is a great forum for us to discuss the next big ideas for the global markets and we take this opportunity to launch our MESMA 48 platform globally," Babu said. … [Read more...] about Mahindra Electric Mobility globally launches MESMA 48 platform for EVs
In addition, Biofourmis will use the funding for developing, validating and commercialising several released and unreleased digital therapeutics solutions across cardiology, respiratory, oncology and pain, with a focus on the US and key Asian markets, including Asia Pacific, China and Japan, the company said. … [Read more...] about Biofourmis raises $100 million funding led by SoftBank Vision Fund 2