Bajaj Finance's urban personal-loan growth has slowed to below 20% from the third quarter of FY26, as competition from other NBFCs and fintech platforms intensifies. The company's personal-loan book is as large…
Public sector banks reported gross loan slippages of around 0.7% in Q1FY27, less than half the 1.7% seen at private banks, despite macroeconomic pressures from currency, crude and climate. Overall systemic gross…
Retail loans at most large banks grew 7-12% year-on-year in the June quarter, with State Bank of India the outlier at 15%. Corporate loan growth outpaced retail, ranging 10-18%, with Axis Bank…
Manappuram Finance added 3.2 lakh new customers in the first quarter of FY27, taking its gold loan book 12% higher sequentially, ET BFSI reports. The company now plans to open 500 branches…
Poonawalla Fincorp’s newer lending verticals, gold loans, consumer durable finance, prime personal loans, commercial vehicle and education loans, contributed 26% of total disbursements and 17% of assets under management (AUM) in the…
Manappuram Finance shares closed 3.67% lower at ₹354 on the BSE on August 12, erasing early gains despite reporting a 41% year-on-year rise in Q1 standalone net profit to ₹552 crore. The…
Banks are beefing up gold loan operations with more appraisers, new testing gear and digital processing to challenge NBFCs that dominate the market. Union Bank of India now offers loans within 30…
