Banks (Finance)
India's public sector banks have been seeing a steady improvement in their micro, small, and medium enterprises (MSME) loan book, with the gross non-performing asset (NPA) ratio declining to 6.18% as of March 2024-25. This improvement is largely due to an increase in loans extended to MSMEs
Banks (Finance)
Lee Zeldin, the head of the Environmental Protection Agency, has launched a scathing attack on the Biden administration's $20 billion clean energy loan program, labeling it a "left-wing slush fund" that has "parked" the funds at a private bank. However, Zeldin's claims
Banks (Finance)
In the first quarter of FY26, Foreign Institutional Investors (FIIs) pare down their holdings in public sector undertaking (PSU) banks, driven by valuation concerns and global risk-off sentiment. Key takeaways from the latest developments include a reduction in FPI stakes in PSU banks from 4.60% in Q4FY25 to 4.
Banks (Finance)
Despite the challenges of global uncertainty, Indian private lenders have consistently demonstrated resilience and growth, driven primarily by the increasing demand for retail credit and the incorporation of cutting-edge technologies that have transformed the way customers interact with banks. Retail loans have emerged as a driving force, with loan demand
Banks (Finance)
Uttar Pradesh has demonstrated exceptional success under the Stand-Up India scheme, with public sector banks playing a pivotal role in supporting new entrepreneurs, especially from Scheduled Castes (SC), Scheduled Tribes (ST), and women. The scheme provides loans between Rs 10 lakh and Rs 1 crore to promote entrepreneurship in these
Banks (Finance)
5C, a next-generation AI infrastructure and data center solutions provider, has successfully secured $835 million in capital to fuel its rapid growth and accelerate the development of state-of-the-art data centers and scalable AI infrastructure across North America. The funding includes equity financing led by Brookfield Asset Management and debt financing
Banks (Finance)
The 22 Fund, a Los Angeles-based impact-focused venture capital firm, has announced significant investments from BMO Bank N.A. and City National Bank, totaling $8 million, to support its mission of leveraging the Community Reinvestment Act (CRA) to drive economic growth and development in underserved communities. The investments align with
Banks (Finance)
As banks become increasingly cautious about unsecured loans due to tightened regulatory oversight, non-bank financial companies (NBFCs) are filling the gap, pushing more personal loans. Although NBFCs cater to slightly different customer categories, such as those with weaker credit scores, self-employed people, and those without salary income, data from a
Banks (Finance)
India's leading banks have delivered a mixed bag of results for the quarter ended June 2025, with some lenders posting strong profits while others facing challenges due to high slippages, weak interest income, and tightening margins. YesBank, where Japans Sumitomo Mitsui Banking Corp (SMBC) is set to become
Banks (Finance)
A $100,000 grant from TD Bank has been awarded to the Medical University of South Carolina's Hollings Cancer Center to expand two initiatives aimed at reducing cancer disparities in South Carolina. The programs, led by Marvella Ford, Ph.D., associate director of the Hollings Office of Community
Banks (Finance)
The Indian banking sector is expected to witness a decline in profits and margins during the Q1 earnings season, according to market research firms JM Financial and InCred Equities. The credit growth for the sector has slowed down, with industrial credit growth remaining significantly lower than previous years' growth
Banks (Finance)
The Uzbek banking sector has experienced a substantial strengthening of its operating environment over the past two to three years, driven by regulatory reforms, improved governance, and efforts to address structural risks. These measures, combined with robust economic growth, are expected to underpin loan growth, earnings, and capital generation. Fitch
