Fintech Venture Avanti to raise $150 million

The company is building a technology platform for loan products and capital of third parties to ride on and serve the needs of those without access to loans.

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PSBs shutter many branches, ATMs in cities as costs mount

Lenders find launch and maintenance of physical infrastructure untenable.

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Loans from NBFCs to developers halved in FY19: Report

The report observed that default by leading NBFC, IL&FS, in scheduled payments led to a liquidity squeeze in the real estate sector since September 2018.

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RBI allows e-mandates on cards for recurring transactions

This has been done keeping in view the changing payment needs and the requirement to balance the safety and security of card transactions with customer convenience.

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Second leg of ideation exercise for PSU banks to begin from Thursday

The second leg of the month-long campaign will be inter-bank and will be held at state-level as per the direction of Department of Financial Services, Ministry of Finance.

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SBI plans to establish nearly 10 lakh YONO Cash Points

The bank has no plans to discontinue debit cards but increased use of the digital platform will itself reduce the requirement of the debit cards, Rajnish Kumar said.

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Financial institutions debit Rs 759 crore from IL&FS against NCLAT order

As per the fifth progress report to the NCLT, the company said that banks and financial institutions' actions affects its efforts to survive as a 'going concern'.

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IL&FS did not disclose NPAs for 4 years: RBI

The report is based on inspection of IL&FS and IFIN and this has been conveyed by the new board of the IL&FS to the NCLT.

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IL&FS antics: Lending behemoth without 'investment policy'

In a shocking disclosure, the RBI found that the crisis-ridden IL&FS did not have a board-approved 'Investment Policy'.

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Slowdown slayer: PSBs to suggest steps to boost economy

Various sectors are facing a sales downturn. Industries such as FMCG and automobile have been hit the hardest.

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Max Financial in talks to sell 10% stake for Rs 1,200cr

Hero Corp leads the race; Founding member Analjit Singh in talks to raise as much as Rs 1,200 cr

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As NBFC crisis lingers on, SBI sews up maiden co-origination pact to lend to MSMEs

Fresh credit flow can help both the troubled NBFCs and also help prop up the sagging growth.

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DBS Bank to enter India's credit card market next year

The Singapore-based lender's move highlights its efforts to tap growth outside its home market to offset weakness in the local economy.

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