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Business Standard
22-05-2025
- Business
- Business Standard
MSME delinquencies fall to 5-year low of 1.8%: Cibil-Sidbi report
Delinquency levels in the MSME sector fall to 1.79% in March 2025 as credit rises 13% YoY to ₹35.2 trillion, with private banks showing the best performing loan book Subrata Panda Mumbai Listen to This Article Overall balance-level delinquencies in the micro, small and medium enterprises (MSME) segment fell to a five-year low of 1.79 per cent as of March 2025, down 35 basis points (bps) from last year, even as the commercial credit portfolio for MSMEs rose 13 per cent year-on-year (YoY) to ₹35.2 trillion during this period, according to TransUnion Cibil and Sidbi's MSME Pulse report. 'The overall balance-level delinquencies (measured as 90 to 720 days past due and reported as 'Sub-standard') improved to 1.79 per cent in March 2025, a 35 bps drop compared to March 2024. This improvement has been driven by
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Business Standard
19-05-2025
- Business
- Business Standard
ICICI Bank unlikely to increase its headcount on a net basis in FY26
ICICI Bank may not increase its workforce in FY26 despite adding branches, as it focuses on realignment, efficiency and digitisation, says Macquarie conference note Subrata Panda Mumbai Listen to This Article ICICI Bank, the country's second largest private sector lender, has indicated that it does not plan to increase headcount on a 'net basis' during this financial year (FY26), said a member of the senior management at the Macquarie Asia Conference 2025. However, the bank will expand its branch network as it sees scope to 'realign and redistribute workforce.' ICICI Bank saw a net reduction of 6,723 employees in FY25, with its total workforce declining to 129,177. But the bank added 460 branches to its network during this period. In comparison, ICICI Bank added 9,240 employees in FY24, 20,816 in FY23,
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Business Standard
19-05-2025
- Business
- Business Standard
IDFC First Bank shareholders reject Warburg Pincus board nomination
A special resolution to allow Warburg Pincus affiliate Currant Sea Investments to nominate a non-executive director failed to get the required 75% shareholder approval Subrata Panda Mumbai Listen to This Article IDFC First Bank on Monday informed the exchanges that its shareholders have rejected a special resolution seeking approval for US-based private equity giant Warburg Pincus's affiliate — Currant Sea Investments B.V. — to nominate a non-retiring, non-executive director to the bank's board. The resolution received 64.1 per cent of the votes, falling short of the 75 per cent threshold required for passage. Last month, the private sector lender had announced that Warburg Pincus LLC and the Abu Dhabi Investment Authority (ADIA) would collectively invest ₹7,500 crore in the bank through a preferential equity issue aimed at supporting the lender's next
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Business Standard
13-05-2025
- Business
- Business Standard
Multiple ARCs express interest in stressed loans of Sahara Hospitality
Once the entities that have submitted EoIs complete their due diligence, binding bids for acquiring the exposure will be invited Subrata Panda Mumbai Listen to This Article Around 17 to 18 expressions of interest (EoIs) have been received for acquiring the ~728.58 crore stressed exposure of a consortium of banks led by Union Bank of India in Sahara Hospitality Ltd, according to people familiar with the matter. The due diligence period has been extended until May 20, after which binding bids will be invited for the acquisition. Multiple asset reconstruction companies (ARCs) including Asset Reconstruction Company (India) Ltd, Phoenix ARC, JM Financial ARC, Edelweiss ARC, among others have given EoIs for acquiring the stressed exposure of the consortium of banks. Other banks in the consortium include UCO
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Business Standard
07-05-2025
- Business
- Business Standard
Increase motor TP rates, cut GST on health premiums: Non-life insurers
DFS Secretary urges insurers to improve claims processing in order to reduce customer inconvenience Subrata Panda Mumbai Listen to This Article Private sector non-life insurers on Wednesday appealed to the Centre to revise the motor third-party premiums and reduce the Goods and Services Tax (GST) on health insurance premiums. The insurers made these demands, and some others too, during their meeting with the Department of Financial Services (DFS) Secretary, according to people familiar with the matter. The PM Fasal Bima Yojana was also discussed. The insurers also asked the DFS secretary to nudge hospitals to be empanelled on the National Health Claims Exchange (NCHX) so that health insurance claims can be processed faster for customers. NHCX, a government of India initiative,
