Latest Updates Around The World
Jana Small Finance Bank reported a 91% decline in third quarter net profit at Rs 10 crore compared to Rs 111 crore in the same period last year, due to higher provisioning and other operating expenses.The bank has projected fourth-quarter net profit at Rs 140-160 crore, with the help of lower credit costs. Meanwhile, it […]
The growth of QR code-led digital payments is fueling unsecured trade lending by non-bank lenders, bringing hundreds of small businesses into the fold of formal credit at a time when mainstream banks are quite cautious about expanding loan books without collateral.Non-banking finance companies (NBFC) such as Aditya Birla Finance (ABFL), L&T Finance, Poonawala Fincorp and […]
