Hexafin Blog | Banking Insights, Business Loans & Financial Advisory

The expected growth in economy of India according to RBI , is expected to have grown between 6.1% an 6.3% in the second quarter, putting the country on course for a 7% growth rate for FY23. According to report by RBI , Indian economy has shown developments and have thrown up both risks and opportunities.…

The term Fintech means ‘ Financial Technology ‘ . Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers . It primarily works by unbundling offerings by such firms and creating new markets for them. Fintech also includes different sectors and industries…

Japanese investment major SoftBank will sell a third of its stake in One97 Communications Ltd, the owner of the Paytm payments app, through a $200 million (around Rs 1,627 crore) block deal . It will be looking to offlload 4.5% of the fintech company . SoftBank owns 12.9% of Paytm and is selling 29 million…

The details on sectors or borrowers are asked to the bank chief by RBI because of the rise in the interest rates. The questions have arised by Central bank about the concerns over the ability to mobilise deposits and meet credit demand. Separate meetings with the chiefs of public sector and private banks were conducted…

Public sector banks ( PSB ) are looking into newer loan products to meet the demand of higher education loans. It is making efforts to recover legacy non-performing assets (NPAs) in education loans. The options include one-time settlement (OTS) or sale of bad loans to asset reconstruction companies (ARCs). Efforts to clear educational loans –…