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
Many of these 33 unicorns, which have cumulatively raised about $9.3 billion to date, have also seen a surge in valuations
Published on Oct 14, 2021 04:37 AM IST
ByRanjani Raghavan, Beena Parmar, Livemint, Mumbai
Ola Electric raises over $200 million
The electric scooter maker plans to use the capital to develop other EV platforms such as electric motorcycles, mass-market scooters and an electric car
Published on Oct 01, 2021 05:35 AM IST
ByBeena Parmar, Mumbai
HDFC Life buys Exide Life Insurance for ₹6,687 crore
The acquisition will help HDFC Life deepen its presence in south Indian cities
Published on Sep 04, 2021 04:54 AM IST
Livemint | ByBeena Parmar, New Delhi
Indian startups, investors press PM for direct overseas listing
The signatories called it the “single most significant big bang reform for the startup ecosystem”.
Published on Aug 07, 2021 05:16 AM IST
Livemint | ByRanjani Raghavan, Beena Parmar, Mumbai
Kotak Special Fund readies for ₹700-cr deal
Kotak Special Situations Fund will pay lenders to take a majority stake in stressed HKR Roadways Ltd, a person with knowledge of the matter said.
Published on May 07, 2021 05:44 AM IST
ByBeena Parmar, Hindustan Times, Mumbai
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, a day after two of its biggest competitors — SBI and ICICI Bank.
Updated on Jan 04, 2017 11:15 AM IST
More banks slash lending rates: ICICI, Kotak Mahindra, Dena Bank follow SBI
Two private sector banks slashed a key lending rate on Monday as a surge in deposits following the ban on high-value bank notes sparked a race among the country’s lenders to woo consumers with cheaper home and vehicle loans.
Updated on Jan 02, 2017 10:50 PM 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.
Published on Jan 02, 2017 02:23 PM IST
What happens to your home loan after State Bank of India cut rates
State Bank of India, country’s largest bank will charge an interest rate of 8.65% on home loans up to Rs 75 lakh, while for women the interest rate would be 8.60%.
Updated on Jan 02, 2017 12:16 PM IST
Cheaper loans in store: SBI, Union Bank and IDBI slash lending rates
Country’s largest bank, State Bank of India reduced it’s loan rates sharply by 0.9 percentage points across all tenure loans. This is one of the steepest cut since the global crisis in 2008.
Updated on Jan 02, 2017 12:00 AM IST
Hindustan Times | ByBeena Parmar, New Delhi
RBI allows NRIs to exchange old Rs 500, Rs 1000 banknotes up to June 2017
Non-resident Indians (NRIs) can exchange old Rs 500 and Rs 1000 notes till June 30, 2017, the Reserve Bank of India said on Saturday.
Updated on Jan 01, 2017 07:39 PM IST
Demand has not gone away, people have just deferred discretionary spending: SBI chief Arundhati Bhattacharya
On the eve of the expiry of one of India’s most bold economic measure since 1991, the chairman of India’s largest commercial bank is confident that demonetisation would benefit. But she is candid enough to admit that the corporate loan book and SMEs are worrisome
Published on Dec 29, 2016 08:43 PM IST
Hindustan Times | ByBeena Parmar and Ramsurya Mamidenna
Benefits will outweigh short-term demonetisation pains, says SBI chairman
Demonetisation has hastened year-end exits by foreign investors, but in the long run, digital efficiency will replace the clumsy ‘cash and pay’ tradition, Arundhati Bhattacharya said
Published on Dec 29, 2016 06:12 PM IST
Hindustan Times | ByBeena Parmar and Ramsurya Mamidenna, Mumbai
No bad loans after March 2017 may be too tall a target
Banks are likely to miss the March 2017 deadline for cleaning up their balance sheets, given the slow progress on resolution of bad loans.
Updated on Dec 29, 2016 11:13 AM 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 11:05 AM IST
‘Cash costly,allow banks to charge for cash transactions’
The country’s largest bank, State Bank of India, wants the government to allow banks to charge customers for cash transactions, said a senior executive.
Updated on Dec 26, 2016 10:34 AM IST
After Axis Bank, Kotak Mahindra under I-T scanner for suspicious accounts
After Axis Bank, Kotak Mahindra Bank came under the Income Tax (I-T) lens with two suspicious accounts reported on Friday. According to reports, fake accounts worth Rs 70 crore were found in their Kasturba Gandhi Marg branch in New Delhi. The accounts were in the name of Ramesh Chand and Raj Kumar.
Updated on Dec 23, 2016 02:46 PM 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 11:05 AM 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 12:50 PM 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 09, 2016 12:54 PM IST
Will all the banned notes return to the system? Urjit Patel non-commital
RBI governor says benefits to accrue in long term, evades direct answer on quantum of money that will come back into the system
Updated on Dec 07, 2016 07:06 PM 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 07, 2016 12:05 PM IST
Hindustan TImes | ByBeena Parmar, Mumbai
With credit demand down, banks may struggle to pass on any rate cut
Banks may be flush with cash after demonetisation pushed people to deposit old Rs 500 and Rs 1,000 notes into bank accounts, but it has also compounded problems. Banks, already operating on wafer-thin margins, are expected to take a hit on their earnings due to low demand, delaying their ability to pass on the rate cuts widely expected in RBI’s monetary policy on Wednesday.
Updated on Dec 07, 2016 10:56 AM IST
Hindustan Times | ByRamsurya Mamidenna and Beena Parmar, Mumbai
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 07, 2016 11:20 AM IST
Cash supply to banks up by 50% as RBI steps up printing of currency
A State Bank of India executive said they had seen a 50% increase in cash supply in the last three days, which coincides with payday that has brought back long queues at banks and ATMs.
Updated on Dec 01, 2016 06:18 PM IST
Utkarsh bank to offer higher rates to woo savings customers
Utkarsh Micro Finance Ltd, which got the RBI’s approval to set up a small finance bank on Monday, will offer higher savings rates from January 14, 2017, to attract customers and set up their deposit base.
Published on Dec 01, 2016 11:27 AM IST
IDFC ties up with Capital Float to lend to small firms
Published on Nov 29, 2016 01:12 PM IST
RBI move to hold on to bank deposits may hit interest rates
The Reserve Bank’s move on Saturday of retaining with it all cash deposits with banks made between September 16 and November 11 is likely to result in a marginal rise in costs for banks, as about ₹3.5 lakh crore of money will flow out to the RBI from the surge of deposits made in the wake of the November 8 demonetisation.
Updated on Nov 28, 2016 10:27 AM IST
RBI stipulates additional CRR to suck out surplus liquidity
Banks will have to park the entire incremental deposits they get from the money inflow in the form of deposits through deposit of old currency notes after the demonetisation move announcement.
Updated on Nov 26, 2016 09:33 PM IST
Lenders fear misuse of RBI’s relief measure for small borrowers
Banks, already reeling under the rising pile of non-performing assets, are worried that the RBI’s move to extend the repayment period for small borrowers in the wake of the demonetisation, could actually them to take a payment holiday.
Published on Nov 26, 2016 02:36 PM IST