Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
2021: Banks brace for pandemic-hit corporates’ bad loan…
New Delhi: Tackling non-performing assets will be a major challenge for the banking sector in the new year as many companies, especially in the MSME sector, may not be able to withstand the heat of…
Fed allows banks to resume share buybacks, JPMorgan…
The Federal Reserve announced on Friday that it will allow the nation's big banks to resume share buybacks in the first quarter of 2021 subject to certain rules and that the industry fared well in…
Banks could lose credit demand from companies to…
Mumbai: Banks are staring at a loss of demand for working capital loans from companies as interest rates on short-term paper fall below the reverse repo rate, the rate at which banks park surplus money…
Lendingkart launches co-lending SaaS platform for financial institutions,…
Lendingkart Technologies Private Limited has announced the launch of its co-lending SaaS platform called Lendingkart 2gthr. This will enable banks and NBFCs to on-board within two weeks and disburse unsecured loans to MSMEs across India.…
RBI extends deadline for banks’ compliance with new…
KOLKATA: The Reserve Bank of India has given more time to banks to comply with the revised current account opening norms to ease their operational glitches. The regulator changed the rules to prevent the misuse…
Banks may have to brace for heavy losses…
(Photo: Getty Images | d3sign)SINGAPORE — Commercial real estate prices have plunged this year as people stopped going into offices, and retail businesses were disrupted. That could lead to a significant amount of losses for…
4 frontline and mid-tier banks to bet on
Betting on HDFC, ICICI amongst the frontline banks and City Union and Federal amongst the mid tier ones, says Gurmeet Chadha, Co-founder & CEO, Complete Circle Consultants.If you had to pick a banking stock to…
Banks sanction Rs 1.35 lakh cr concessional loans…
NEW DELHI: The Finance Ministry on Thursday said banks have covered 1.5 crore farmers under the Kisan Credit Card (KCC) scheme to sanction credit limit of Rs 1.35 lakh crore to help them meet financial…