Latest news with #KumarAshish
Time of India
a day ago
- Time of India
One injured in group clash
Chhapra: Two groups clashed over a minor dispute between two kids on Monday night at Dighwara under the same PS in Saran district. A person was injured in the clash. Saran SSP Kumar Ashish said on Tuesday that till eight people have been taken into custody. The injured was admitted to primary health centre at Dighwara and PMCH, Patna. According to Saran SSP, the Police swung into action immediately after the information was received and the situation was completely under control. "A person has been detained by the police for interrogation," he said. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Time of India
3 days ago
- Automotive
- Time of India
RBL Bank eyes 5.1% interest margin, to launch CV and used car loans, targets growth in smaller cities
RBL Bank is targeting higher net interest margins (NIM) from its retail business by expanding its share of higher-yielding assets, including a foray into commercial vehicle (CV) financing and used four-wheeler loans in the next three months, a top executive said. Kumar Ashish, head of retail assets and collections, said the private sector lender is looking to grow its retail book by tapping into underpenetrated tier-II and III markets, while maintaining the secured retail portfolio at around 31% of total loans. The bank currently has a network of 550 branches and over 1,500 business correspondent outlets. Ashish did not disclose retail-specific NIMs or targets but said the bank-level aim is to expand NIMs to 5.1%. In Q4 FY25, RBL Bank's overall NIM had narrowed to 4.89% from 5.45%, contributing to a sharp 76% drop in quarterly net profit to Rs 86 crore, according to PTI. The upcoming CV lending product will target customers slightly below the prime segment to improve spreads, and the bank will use its tractor financing team to support CV loan distribution in smaller towns, Ashish said. A used-car loan offering is also in the works, with a focus on digital partnerships with car resale portals to enable instant financing options. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo 'We would have to gain market share in order to grow,' said Ashish, who joined recently from Aditya Birla Capital, quoted PTI. In home loans, RBL Bank will focus on the affordable housing segment. Ashish emphasised that the lender will leverage digital underwriting tools and faster turnaround times to serve niche borrower groups overlooked by larger rivals. To keep costs under control, branch staff focused on liabilities will now take on credit responsibilities as well, Ashish added. On the microfinance (MFI) front, which has seen stress due to political headwinds, Ashish said collections have been improving steadily since bottoming out in December. He expressed optimism about a stronger performance in the second half of FY26. He said RBL Bank is reducing exposure in politically sensitive regions like Tamil Nadu and Karnataka but has minimal exposure in Bihar, which heads to polls soon. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
4 days ago
- Business
- Business Standard
RBL Bank eyes wider margin from retail, CV finance rollout in 3 months
RBL Bank is aiming to widen its net interest margins (NIM) from retail assets by shifting the portfolio mix towards higher-yielding assets, a senior official has said. As part of the same strategy, the private sector lender will launch a commercial vehicle (CV) financing and used 4-wheeler finance in the next three months. The increase in NIMs, which is being targeted at a time when the entire industry is facing challenges on this front, will be achieved while maintaining the retail share in the overall loan mix at around 31 per cent level, Kumar Ashish, its head of retail assets and collections, told PTI. Ashish, however, did not share the current NIMs of the retail business nor did he share an aspirational number. It had reported a sharp decline in the overall NIMs to 4.89 per cent as against 5.45 per cent, and the narrowing was one of the reasons along with setbacks in the MFI business for the 76 per cent drop in the Q4 net profit at Rs 86 crore. He said at the bank level, it is aiming for expanding NIMs to 5.1 per cent. In retail assets, the bank's focus relies on going deeper into tier-II and III cities, where the bank already has a distribution network courtesy its 550 branches and over 1,500 business correspondent touchpoints. After understanding the customer needs and tailoring the product mix, it will focus on quicker turnaround times for delivering credit in categories such as tractor finance, gold loans, homes loans, business loans and the upcoming businesses, he said. Admitting that RBL Bank is a "challenger bank" in many of the retail businesses and will be up against aggressive competition, Ashish said it will have to find new niche of customers whose needs are unfulfilled, use a lot digital inputs for loan underwriting, depend on quicker turnaround times and have a control over the costs to deliver on higher NIMs. Citing the case of home loans, he said the bank will focus more on the affordable housing segment while even in the soon-to-be-launched CV segment, it will go after demand from customers a notch under prime to expand margins. On the costs front, it is making best use of the existing staffing for doing more, pointing out that the talent across branches which was primarily focused on liabilities will now be doing retail credit as well. "We would have to gain market share in order to grow," Ashish, who joined the bank from Aditya Birla Capital recently, made it clear. The CV financing will be done to smaller players in smaller cities and the bank's tractor financing team will be used for distribution, he said. It is also looking to get into the used four-wheeler business, where it will be focusing on tie-ups with car reselling portals such that a customer is able to get a quote on the loan as well in a single journey after selecting his car on the website, Ashish said. Meanwhile, on the MFI business, Ashish said the collections have further improved since the late-April commentary and are getting better. The lowest point in collections was in December last, when the troubles for the industry started, he said, adding that since then the collections are steadily climbing up. Maintaining the earlier commentary, Ashish said the bank is "optimistic" about the MFI business and added that the second half of FY26 will be a better story. Tamil Nadu and Karnataka, the two markets where the bank faced issues because of political moves to introduce ordinances, continue to be challenging and the bank is reducing exposure there, he said. It has a low or negligible exposure in Bihar, which is headed to polls soon. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
4 days ago
- Business
- Time of India
RBL Bank aims to widen interest margin from retail assets; to start commercial vehicle finance in 3 months
RBL Bank is aiming to widen its net interest margins (NIM) from retail assets by shifting the portfolio mix towards higher-yielding assets, a senior official has said. As part of the same strategy, the private sector lender will launch a commercial vehicle (CV) financing and used 4-wheeler finance in the next three months. The increase in NIMs, which is being targeted at a time when the entire industry is facing challenges on this front, will be achieved while maintaining the retail share in the overall loan mix at around 31 per cent level, Kumar Ashish, its head of retail assets and collections, told PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Perdagangkan CFD Emas dengan Broker Tepercaya IC Markets Mendaftar Undo Ashish, however, did not share the current NIMs of the retail business nor did he share an aspirational number. It had reported a sharp decline in the overall NIMs to 4.89 per cent as against 5.45 per cent, and the narrowing was one of the reasons along with setbacks in the MFI business for the 76 per cent drop in the Q4 net profit at Rs 86 crore. He said at the bank level, it is aiming for expanding NIMs to 5.1 per cent. Live Events In retail assets, the bank's focus relies on going deeper into tier-II and III cities, where the bank already has a distribution network courtesy its 550 branches and over 1,500 business correspondent touchpoints. After understanding the customer needs and tailoring the product mix, it will focus on quicker turnaround times for delivering credit in categories such as tractor finance, gold loans, homes loans, business loans and the upcoming businesses, he said. Admitting that RBL Bank is a "challenger bank" in many of the retail businesses and will be up against aggressive competition, Ashish said it will have to find new niche of customers whose needs are unfulfilled, use a lot digital inputs for loan underwriting, depend on quicker turnaround times and have a control over the costs to deliver on higher NIMs. Citing the case of home loans, he said the bank will focus more on the affordable housing segment while even in the soon-to-be-launched CV segment, it will go after demand from customers a notch under prime to expand margins. On the costs front, it is making best use of the existing staffing for doing more, pointing out that the talent across branches which was primarily focused on liabilities will now be doing retail credit as well. "We would have to gain market share in order to grow," Ashish, who joined the bank from Aditya Birla Capital recently, made it clear. The CV financing will be done to smaller players in smaller cities and the bank's tractor financing team will be used for distribution, he said. It is also looking to get into the used four-wheeler business, where it will be focusing on tie-ups with car reselling portals such that a customer is able to get a quote on the loan as well in a single journey after selecting his car on the website, Ashish said. Meanwhile, on the MFI business, Ashish said the collections have further improved since the late-April commentary and are getting better. The lowest point in collections was in December last, when the troubles for the industry started, he said, adding that since then the collections are steadily climbing up. Maintaining the earlier commentary, Ashish said the bank is "optimistic" about the MFI business and added that the second half of FY26 will be a better story. Tamil Nadu and Karnataka, the two markets where the bank faced issues because of political moves to introduce ordinances, continue to be challenging and the bank is reducing exposure there, he said. It has a low or negligible exposure in Bihar, which is headed to polls soon.
Time of India
4 days ago
- Time of India
Man held for sexual assault on girl in Saran
Chhapra: Saran police on Saturday nabbed a man involved in sexual assault on a minor girl. Police on Friday received a complaint that two people have committed sexual assault on a minor girl. "The police have been conducting raids to arrest the other person named in the FIR. The girl belongs to a poor family and her father is vendor," said Saran SSP Kumar Ashish. The police have registered a case under Section 127(1)/115(2) and other suitable sections of the BNS.
