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• Fintechs pick up MDR tab, enjoy merchant’s float May 9, 2021
  Industry sources said BharatPe and Paytm are among the companies offering this form of settlement. Emails sent to the two companies did not elicit responses till the time of going to press.
  Shritama Bose
• CSB Bank reports highest-ever net profit of Rs 218.40 crore for FY21 May 8, 2021
  C VR Rajendran, managing director & CEO of the bank, said the bank can now fully focus on growth in FY 22 without any baggages of the past.
  FE Bureau
• Bandhan Bank Q4 profit falls 80% to Rs 103.03 crore on higher provisions May 8, 2021
  During the period under review, gross NPAs as a percentage of total loans increased 569 basis points quarter-on-quarter to 6.8% from 1.11% during the third quarter last fiscal.
  FE Bureau
• HDFC net jumps 42% on higher interest income May 7, 2021
  The capital adequacy ratio of the lender stood at 22.2% at the end of the March quarter, compared to the minimum regulatory requirement of 14%.
  FE Bureau
• Loan recasts: Small borrowers get fresh relief from RBI May 6, 2021
  Individuals and small businesses with loans of up to Rs 25 crore who have never undergone restructuring before and who were classified as standard as on March 31, 2021, shall be eligible under the new scheme, titled resolution framework 2.0.
  Shritama Bose
• RBI provides Rs 50,000-crore liquidity for extending Covid-19 loans to healthcare May 5, 2021
  Khara further said two vaccine manufactures have reached out to SBI for loans, and they can be given loans under the new facility.
• Yes Bank expects 15% loan growth in FY22: Prashant Kumar, managing director and chief executive officer May 5, 2021
  On the deposits part, we are continuously reducing rates. Last one year, we have reduced more than 100 basis points (bps) on fixed deposits (FDs).
• Small finance banks better placed to evaluate credit profiles of MFIs: CRAs May 5, 2021
  Microlenders have said the RBI's initiative should lead to tangible liquidity flow to the microfinance sector.
  Mithun Dasgupta
• Collections, disbursements picked up in March quarter: Equitas SFB May 5, 2021
  Vasudevan said as of March 31, the bank's advances grew 17% year on year and about 81% was of secured loans. Its flagship product, small business loan, continues to show reasonable growth.
  Sajan C Kumar
• Fino Payments Bank goes live with enhanced deposit limit of Rs 2 lakh for MSMEs, small traders, others May 5, 2021
  RBI had last month announced an increase in the maximum balance limit at the end of the day for payments banks to Rs 2 lakh from Rs 1 lakh earlier in order to boost financial inclusion.
  FE Online