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Home / Author / Beena Parmar

Beena Parmar

Beena Parmar

Beena Parmar has been is a banking and finance journalist for over 10 years. Apart from BFSI, she covers the private equity and venture capital space. Beena loves to read about politics, society.

Articles by Beena Parmar

Unicorns witness meteoric rise in valuations

Some are sceptical of the valuations since most of these continue burning cash and are yet to turn profitable.

Updated on Oct 13, 2021 23:07 IST

Ola Electric raises over $200 million

Ola Electric, which was founded in 2017, was last valued at more than $1 billion when it raised $250 million from SoftBank in July 2019.

Updated on Oct 1, 2021 24:05 IST

HDFC Life buys Exide Life Insurance for ₹6,687 crore

Of the total deal value, HDFC Life will pay <span class='webrupee'>₹</span>725.98 crore in cash and the rest by issuing 87 million shares at <span class='webrupee'>₹</span>685 apiece to Exide Industries.

Updated on Sep 3, 2021 23:24 IST

Indian startups, investors press PM for direct overseas listing

Prime Minister Narendra Modi.

Updated on Aug 6, 2021 23:46 IST

Kotak Special Fund readies for ₹700-cr deal

Kotak Special Situations Fund is preparing to pay lenders to take a majority stake in stressed HKR Roadways Ltd.

Updated on May 7, 2021 24:14 IST

Lending rate cuts spread to NBFCs; Indiabulls, HDFC, BoI slash rates

The interest rate loan war intensified on Tuesday, with HDFC Ltd, the biggest non-bank mortgage player in the country, on Tuesday citing lower borrowing costs to slash home loan rates,

Updated on Jan 4, 2017 05:45 IST

More banks slash lending rates: ICICI, Kotak Mahindra, Dena Bank follow SBI

Prime Minister Narendra Modi is seen on the television inside a restaurant as he address the nation on December 31. Modi had asked banks to “keep the poor, the lower middle class, and the middle class at the focus of their activities” and to act with “public interest” in mind.

Updated on Jan 2, 2017 17:20 IST

After SBI, Kotak Mahindra becomes first pvt bank to cut rates

After State Bank of India and few other public sector banks, Kotak Mahindra Bank becomes the first private bank to cut lending rates by up to 0.45% in the new year.

Updated on Jan 2, 2017 08:53 IST

What happens to your home loan after State Bank of India cut rates

Updated on Jan 2, 2017 06:46 IST

RBI allows NRIs to exchange old Rs 500, Rs 1000 banknotes up to June 2017

People outside the Reserve Bank of India (RBI) to exchange their old high-denomination banknotes in New Delhi on December 30.

Updated on Jan 1, 2017 14:09 IST

No bad loans after March 2017 may be too tall a target

Chairman Kingfisher Airlines Vijay Mallya speaks at an event during the Civil Aviation Week - Airport & Airline 2007 Expo or AA 07, in New Delhi, India, Tuesday, March 27, 2007. The three day expo features equipment and services for airports and airlines, aiming to highlight the progress being made in the Indian civil aviation sector. (AP Photo/Gurinder Osan)

Updated on Dec 29, 2016 05:43 IST

Demonetisation impact: Demand for loans at 54-year low

Banks are likely to witness a weak third quarter due to subdued demand for home, vehicle and consumer loans, bringing loan growth to a 54-year low.

Updated on Dec 27, 2016 05:35 IST

‘Cash costly,allow banks to charge for cash transactions’

SBI says handling cash is very costly.

Updated on Dec 26, 2016 05:04 IST

After Axis Bank, Kotak Mahindra under I-T scanner for suspicious accounts

Men stand in queue with old 500 Rs notes in front of the RBI office in Kolkata after demonetisation.

Updated on Dec 23, 2016 09:16 IST

Digital push costly, banks to pay ₹800 cr to install 1m PoS devices

MDR is a commission that banks charge merchants for every transaction on its card machine. A bank typically earns an MDR of 0.75% for transactions up to ₹2,000 and 1% for those above ₹2,000.

Updated on Dec 23, 2016 05:35 IST

Demonetisation: RBI rule on deposits over Rs 5000 puts bankers in customers’ line of fire

The Reserve Bank of India’s latest restriction on deposits over Rs 5,000 in old currency notes has saddled bankers with more work, apart from also having to face irate customers asking them for explanations as to why they couldn’t come earlier.

Updated on Dec 21, 2016 07:20 IST

Feature phones set to get their own mobile banking platform

Employees are expected to see an average 10% increase in salary in 2017 -- lower than the 10.3% rise doled out this year. However, after taking into account the inflation effect, the hike would be a meagre 4.8%, according to the latest report by global consultancy Korn Ferry Hay Group.

Updated on Dec 9, 2016 07:24 IST

Will all the banned notes return to the system? Urjit Patel non-commital

The Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference after the bimonthly monetary policy review in Mumbai.

Updated on Dec 7, 2016 13:36 IST

Post-demonetisation, RBI likely to cut interest rates maximum by 0.50% today

The Reserve Bank of India will most likely cut key interest rates later today with economists betting between 0.25% to 0.50% as the quantum of reduction.

Updated on Dec 7, 2016 06:35 IST

As govt’s cashless payment tool battles faults, e-wallets gain

Digital wallet companies, including Paytm, MobiKwik, Freecharge and Itzcash, have seen multifold growth in their transaction volumes as they cashed in on the acute shortage of physical currency, following the government’s demonetisation drive.

Updated on Dec 7, 2016 05:50 IST

Cash supply to banks up by 50% as RBI steps up printing of currency

People stand in line outside a bank to withdraw cash in New Delhi.

Updated on Dec 1, 2016 12:48 IST

Utkarsh bank to offer higher rates to woo savings customers

Govind Singh, MD, Utkarsh Micro Finance Pvt Ltd.

Updated on Dec 1, 2016 05:57 IST

IDFC ties up with Capital Float to lend to small firms

It will offer average loans of Rs 15-20 lakh at 18-20%.

Updated on Nov 29, 2016 07:42 IST

RBI move to hold on to bank deposits may hit interest rates

Updated on Nov 28, 2016 04:57 IST

RBI stipulates additional CRR to suck out surplus liquidity

A bank staff member hands Indian 500 rupee notes to a customer in Mumbai.

Updated on Nov 26, 2016 16:03 IST

Lenders fear misuse of RBI’s relief measure for small borrowers

Updated on Nov 26, 2016 09:06 IST

Nearly 1 lakh ATMs recalibrated till today: Will it become easier to withdraw cash?

People queue outside an ATM of State Bank of India (SBI) to withdraw money in Kolkata.

Updated on Nov 23, 2016 05:29 IST

Now buy paan or chaat through the m-wallet

You can soon buy your vegetables, fruits, your favourite paan and even the road-side chaat food through Paytm, Mobikwik, Freecharge or JioMoney.

Updated on Nov 23, 2016 04:42 IST

Small merchants can transfer up to Rs 50K via digital wallets till Dec 30: RBI

Prepaid instruments can be issued as smart cards, magnetic stripe cards, internet accounts, internet wallets, mobile accounts, mobile wallets, paper vouchers and any such instrument which can be used to access a pre-paid amount.

Updated on Nov 22, 2016 17:36 IST

₹2.5 lakh cash withdrawal allowed for weddings: All you need to know

Here’s a look at the RBI guidelines for <span class='webrupee'>₹</span>2.5 lakh withdrawal for families with upcoming weddings.

Updated on Feb 17, 2020 17:37 IST

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