SME loans come home to roost for Kotak Bank; net inches up 17%

Jul 19 2018

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 to raise up to Rs 2K cr via public issue of bonds

Jul 19 2018

ECL Finance (ECLF) today said it will raise up to Rs 2,000 crore through a pubic issue of bonds.

Sabadell nears sale of assets worth 3.3 billion euros after Cerberus deal: Source

Jul 19 2018

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.

Moody's warns of higher SME LAP delinquencies on rising rates

Jul 16 2018

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.

Important to support SMEs, startups: BSE CEO

Jul 11 2018

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.

BSE postpones launch of platform for startups

Jul 09 2018

Leading stock exchange BSE has postponed the launch of its new platform for listing startups.

UBI expects Rs 3,000 cr recovery from NCLT resolutions

Jul 06 2018

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.

Unsecured bank loans rise four-times in FY15-18: Report

Jul 04 2018

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 hits 2 percent in June on surging energy, food

Jun 29 2018

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.

BSE SME aims to list 300 firms on its platform by Dec

Jun 27 2018

The BSE SME Platform hopes to list 300 companies on its platform by December this year, a senior exchange official said.

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