Pain on exposure to the demonetisation and GST-hit small biz and the reverses in the investment book moderated profit growth of Kotak Bank in the June quarter.
ECL Finance (ECLF) today said it will raise up to Rs 2,000 crore through a pubic issue of bonds.
Sabadell (SABE.MC) is close to selling two real estate loan portfolios with a gross value of 3.3 billion euros ($3.8 billion), a source with knowledge of the matter said, after it sold two portfolios to Cerberus.
Interest costs on loan against property (LAP) are set to rise due to the hardening rates and will adversely affect small business, which are already reeling under note-ban and GST impact, warns a report.
Bombay Stock Exchange MD and CEO Ashishkumar Chauhan today emphasised the importance of supporting SMEs and startups despite risk in raising funds for them as some have the potential of becoming giant firms like Infosys and Reliance Industries.
Leading stock exchange BSE has postponed the launch of its new platform for listing startups.
United Bank of India is expecting to recover around Rs 3,000 crore out of a total of Rs 5,951 crore, by way of resolutions through the National Company Law Tribunal (NCLT), the public sector lender’s MD and CEO Pawan Bajaj said.
Banks’ unsecured loan book has grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-driven disbursements and lower interest rates, says a report.
Euro zone inflation hit 2 percent for the first time in more than a year in June due to surging energy and food costs, offering some comfort to the European Central Bank as it seeks to rein in its exceptional economic stimulus.
The BSE SME Platform hopes to list 300 companies on its platform by December this year, a senior exchange official said.