IDBI Bank forays into health insurance with Max Bupa

IDBI Bank Ltd. enters into standalone health insurance tie-up with Max Bupa IDBI Bank Ltd. and Max Bupa, a standalone health insurer (SAHI), signed a Bancassurance corporate agency agreement on June 1, 2019. It is the first time that IDBI…

IDBI Intech Ltd., India’s leading Digital Banking transformation player announces partnership with Lemon Advisors UK Ltd., to expand into Southeast Asia, Japan, Australia, UK & EU

MUMBAI, India, June 29, 2021 /PRNewswire/ — India’s leading Digital Banking Technology Transformation company, IDBI Intech Ltd., announced a strategic partnership with one of UK’s most definitive technology advisory firms, Lemon Advisors UK Ltd., to extend their Fintech products and…

Microfinance Industry Shows Faster Recovery Post Second Wave with Disbursements Growing by 96 Percent Y-o-Y for the Quarter Ending Sept’21: Equifax India-SIDBI Study

Business Wire IndiaThe eleventh edition of “Microfinance Pulse”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the outstanding portfolio of the Microfinance Industry has registered Q-o-Q growth of 2% as of Sept.…

Microfinance Industry Standing Its Ground with Flat Y-O-Y Growth – Equifax-SIDBI Study

Business Wire IndiaThe tenth edition of “Microfinance Pulse”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax India revealed that the outstanding portfolio of the Microfinance Industry has been flat on Year-on-Year basis as of June…

Indian Fintech Lending Has Been Resilient During Pandemic in FY20-21: Equifax – SIDBI Report

Business Wire IndiaSIDBI and Equifax India launched the third edition of “Fintech Pulse,” a quarterly publication introduced in 2021 that highlights key trends of the fast-growing NBFC (Non-Banking Financial Company) fintech segment. “Fintech Pulse” aims to provide insights on trends…

Microfinance Industry Resilient in 2020 with Strong Growth: Equifax-SIDBI Study

Business Wire IndiaThe eighth edition of “Microfinance Plus”, a quarterly publication by Small Industries Development Bank of India (SIDBI) and Equifax revealed growth in the portfolio outstanding by 16% year on year, indicating the resilience of the Indian Microfinance industry.…

Upcurve Business Services Private Limited’s Brand, udChalo Felicitated at SIDBI-Economic Times MSE Awards 2019

– Recognised as the Best Employment Generating MSE in the Small – Services Segment PUNE, India, Oct. 29, 2019 /PRNewswire/ — Upcurve Business Services Private Limited’s brand, udChalo was recognized as the Best Employment Generating MSE in the Small – Services segment at SIDBI Economic Times India MSE Awards…

No relief for Anil Ambani, Reliance Naval nears bankruptcy

Lenders led by IDBI Bank have turned down a resolution plan proposed by Reliance Naval & Engineering, which has not been servicing its more than Rs 9,000 crore of debt for several months now.

₹2.05 trillion in 11 years: Bend it like Indian Banks

In response to an RTI filing, Reserve Bank of India revealed over 50,000 frauds worth ₹ 2.05 trillion hit Indian banks in the last 11 years.

Bankers urge Finance Commission for greater fiscal transparency

Mumbai: Finance Commission meets bankers, heads of financial institutions The Finance Commission met a large group of bankers and heads of financial institutions here on Thursday. During their meeting with NK Singh, chairman of 15th Finance Commission, the bankers said…