Paytm Payments Bank faces uncertainty as customers and competitors adjust plans. Regulator intervention may be necessary to resolve issues related to banks taking over accounts. Parent company One 97 Communications and its loan sourcing business with non-banking financial companies will also be affected. Shriram Finance and other partners are reconsidering their relationships with Paytm.
Industry welcomes Centre s plans to augment electric vehicle ecosystem thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India's economy is undergoing a profound shift as she presented the final budget of the Narendra Modi government before the Lok Sabha polls scheduled for May. Emphasising the government's commitment, Sitharaman highlighted a focus on enhancing conditions for marginalised groups, including the poor, women, youth, and farmers, laying the groundwork for forthcoming welfare schemes in these sectors during her Budget 2024 address.
Umesh Revankar believes that the CV business will continue to grow due to the demand from individual operators and better network penetration. He does not see any lack of demand in the market and expects the second-hand CV market to be affected differently by the scrappage policy, which is voluntary and not compulsory.
The cost of funds may increase by 5-10 bps in the fourth quarter after the RBI increased the risk weight on bank loans to non-banking finance companies, Shriram Group executive vice chairman Umesh Revankar said.