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Kolkata, Feb 22 (PTI) Outstanding of SIDBI to the micro-finance institutions (MFIs) will touch Rs 10,000 crore by the end of the current financial year ending March 2024, an official said on Thursday. ....
Anand Rathi believes that large-cap private banks have a better risk-reward than others in BFSI, as the government loosens its purse strings, improving the banking liquidity coupled with the robust underlying credit demand. ....
Federal Bank, a private lender in India, is planning to collaborate with fintech companies as part of its growth strategy. Shyam Srinivasan, MD&CEO of Federal Bank, stated that partnerships with fintech firms will provide the bank with broader customer reach, and the bank aims to leverage this strategy instead of competing. Fintech collaborations, particularly in client acquisition for opening digital savings accounts, have proven valuable for the bank. ....
Financial institutions need to focus on improving ease of transaction through digital means, Choudhary said, adding, the need of the customers in the changing time has to be addressed as per their convenience and ease. ....