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Unfair to compare private banks with PSBs: Finance Ministry to RBI – Economic Times

Unfair to compare private banks with PSBs: Finance Ministry to RBI – Economic Times

NEW DELHI: The finance ministry strongly defended state-run banks after the Reserve Bank of India (RBI) raised concerns about their rising bad loans, management and business practices, and, in turn, hit out at private and foreign banks saying their business models were not conducive to economic growth. The ministry told RBI it was unfair to […]

Who Needs Banks? PayPal and Lending Club Want to Make Small Business … – Businessweek

Who Needs Banks? PayPal and Lending Club Want to Make Small Business … – Businessweek

Lots of companies have tried to use¬†technology to improve small business lending with data, collecting information about merchants from their social media profiles, online accounting software, and reviews to help lenders decide whether to make loans. Alternative companies such as OnDeck and Kabbage have succeeded at increasing loan volumes and speeding approval times. But their […]

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