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As per data analysed by Bernstein, Kotak has a 2% share in system deposits but has a 5% share in mobile transaction. SBI Yono ranks low on activity, largely due to its customer base being less digitally savvy and lower ticket sizes, the report notes.
Banks getting ready for rise in credit demand, raising capitalState-owned Indian Bank has launched a Rs 4,000-crore share sale to institutional investors, while the country's largest lender State Bank of India received its board’s approval to raise Rs 14,000 crore through issuance of ad… Read MoreHCC Q4 results: Net profit falls by 49% at Rs 157 croreTotal income during the quarter under review stood at Rs 2,398.38 crore compared with Rs 2,376.68 crore in the year-ago period.
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… Read MoreIndia's post pandemic recovery could be uneven: Deepak ParekhIn his annual letter to shareholders, the elder statesman of Indian finance said but for the Reserve Bank of India's interventions, the financial system may have been `decimated.' In a four page letter as part of the mortgage… Read MoreHave redoubled efforts to fix tech loopholes: HDFC Bank CEO“As a Bank we are certainly sorry for what has happened and have taken this as an opportunity to improve and redouble our efforts to fix this problem for good,” HDFC Bank's managing director and CEO, Shashidhar Jagdishan said… Read MoreNBFCs’ vehicle loan and MFI collections hit most by Covid 2.0"Capacity utilisation has dropped significantly to 40%-60% which makes debt servicing a challenge. A similar impact has been seen by vehicles that are involved in tourist services, school bus operations, and local conveyance … Read More
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