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Mumbai : Protium, the lending business founded by Ex Goldman Sachs Partner Peeyush Misra, has successfully disbursed INR 750+ Crore loans across the small and medium enterprise (SME), personal and consumer segment with an NPA of 0.02% during the most ....
Analysts said the regional bank s recovery story has got delayed a bit. They believe higher slippages and a weak coverage ratio suggest s provisions could be higher in the next couple of quarters, which would constrain earnings. ....
Write-offs were pretty high during the fourth quarter of FY21 comprising 55.65 per cent of total quantum of bad loans written off during the year. ....
March 10, 2021 × Karur Vysya Bank and Cholamandalam Investment and Finance Company Ltd (Chola), the financial services arm of the Murugappa Group, have announced a co-lending partnership. The co-lending model is seen as a great opportunity for banks and NBFCs to draw upon each other’s strengths. The pact is expected to help Chola and Karur Vysya Bank expand their reach to new customer segments across the country where Chola has a stronger presence to target high-value loan segments such as construction equipment and commercial vehicles, according to a statement. “We strongly believe our co-lending partnership with KVB will help us garner market share across segments of customers due to our stronger presence throughout the country. Co-lending is a new direction for Chola, but we are confident that this will soon evolve into a very fruitful partnership model for KVB and Chola,” said Ravindra Kundu, Executive Director, Chola. ....