DCB Bank reports Rs 70 cr profit in Q1

DCB Bank Ltd today reported profit after tax of Rs 70 crore for the first quarter of the current fiscal.“The bank’s profit after tax was at Rs 70 cr from Business Line - Money & Banking https://ift.tt/2JmPR...

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Is PNB on the cusp of the most epic of comebacks? Consider this

This time, Punjab National Bank is likely to report India's biggest bank profit by selling some assets. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uAK2...

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US banks see mixed profits, little trade war hit so far

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2zG7m...

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After reporting India’s biggest bank loss of Rs 13,420 cr, PNB may post nation’s biggest bank profit in Q2

The Indian bank that saw its earnings wiped out by an unprecedented fraud aims to report the nation’s biggest bank profit by selling some assets, according to people familiar with the matter. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2up2o...

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Banks pare student-loan exposure

NPAs to blame,say bankers from Business Line - Money & Banking https://ift.tt/2uurv...

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New premium income of life insurers up 15% in June

New premium collection of life insurance companies rose by nearly 15 per cent to Rs 16,611.57 crore in June compared to the same month last year, ac from Business Line - Money & Banking https://ift.tt/2L9Ec...

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Vijaya Bank eyes 20% growth

Our BureauVijaya Bank is looking at a 20 per cent growth in its business in Kerala by focussing on retail and MSME-sector lending this fiscal. The from Business Line - Money & Banking https://ift.tt/2zDM3...

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Sundaram Finance’s insurance, mutual fund subsidiaries post robust growth in FY18

Home finance unit takes a hit but sees modest growth in FY19 from Business Line - Money & Banking https://ift.tt/2uktX...

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Rising inflation, fiscal deficit may force RBI to hike rate by 50 bps

Economists believe the central bank may defer the ratehike to October from Business Line - Money & Banking https://ift.tt/2uuGo...

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Bank, LIC,GIC unions to protest against govt policies tomorrow

Employee unions from General Insurance Corporation of India (GIC Re), New India Assurance and United India Insurance are also participating. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uqHX...

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RBI likely to raise interest rates in Aug; to go for more hikes this fiscal: DBS

The Reserve Bank of India is expected to go for further rate hikes this fiscal, with the next increase in key policy rates likely in the August poli from Business Line - Money & Banking https://ift.tt/2zA7L...

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NTPC signs Rs 1,500 cr term loan with HDFC Bank

NTPC has signed a term loan agreement for Rs 1,500 crore with HDFC Bank. An NTPC statement said, “The loan facility is extended at an interest rate l from Business Line - Money & Banking https://ift.tt/2L8gt...

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DBS expected to roll out more branches in India from October

Singapore-headquartered DBS Group is expected to roll out more branches through a new wholly-owned subsidiary, DBS India, once final approvals come from Business Line - Money & Banking https://ift.tt/2KUGd...

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Amitabh Malhotra appointed HSBC India Head - Investment Banking

The Hongkong and Shanghai Banking Corporation Limited today said it has appointed Amitabh Malhotra as the Head of Investment Banking for HSBC India. from Business Line - Money & Banking https://ift.tt/2La98...

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Amitabh Malhotra appointed HSBC India Head - Investment Banking

In his role, Amitabh will lead the Investment Banking and Equity Capital Markets (ECM) business, a company release said. from Banking/Finance-Industry-The Economic Times https://ift.tt/2zzTK...

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What is Title Insurance?

If you are paying lakhs of rupees for buying a property, it only makes sense to protect your investment and eliminate any uncertainty with regard to from Business Line - Money & Banking https://ift.tt/2uj2X...

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Bank, insurance employees’ unions to jointly fight against govt policies

Call this an alliance of sorts of an unique kind. Faced with somewhat identical problems of sub-optimal government policies, a clutch of bank and insu from Business Line - Money & Banking https://ift.tt/2uiwv...

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SBI and Nabard tie-up for credit in Telangana

State Bank of India and National Bank for Agriculture and Rural Development have joined hands to provide collateral-free credit through Joint Liabili from Business Line - Money & Banking https://ift.tt/2uhmI...

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RBI's new directive for demand drafts

In a bid to curb money laundering using anonymous demand drafts (DDs), the Reserve Bank of India (RBI) has made it mandatory to incorporate the name of the purchaser on the face of the financial instrument. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uvDs...

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HDFC ltd takes Malvinder and Shivinder Singh's holding company to NCLT over dues

The National Company Law Tribunal (NCLT) asked the company, RHC Holding Pvt, on June 14 to state why insolvency proceedings should not be initiated against it and decided to take up the matter on July 25. from Banking/Finance-Industry-The Economic Times https://ift.tt/2mfbq...

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Temasek to step up India investments through sector-focused platforms

Temasek Holdings invested on average about $1 billion per year in the country over the last five years and also announced over $1.5 billion of investments since April 2018. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Jjqe...

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No concentration of power under creditors’ pact: SBI

As many as 56 lenders are set to sign the inter-creditor agreement by next week. It will prohibit creditors who don’t agree to a majority-approved debt resolution plan from making an easy exit. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Lho6...

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Companies fear RBI rule likely to rake up past violations

In the format given by the regulator, a senior company official will have to sign a declaration stating, “foreign investment received and reported now will be utilised in compliance with the provision of PMLA and UAPA”. from Banking/Finance-Industry-The Economic Times https://ift.tt/2NNX2...

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Panel proposes auction of NPA security receipts worth Rs 90,0000 crore

The Stock Exchange Board of India has already approved norms for listing SRs issued by ARCs. ARCs currently need to pay lenders at least 15% in cash for taking over an asset. from Banking/Finance-Industry-The Economic Times https://ift.tt/2JiFx...

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Loan waivers spike states’ deficit: RBI

The Reserve Bank of India (RBI) has once again come out strongly against farm loan waivers, stating that it bloats fiscal deficits and increases inflation. In its report on state finances released on Thursday, the RBI has raised concerns that states due for elections might spend more on loan waivers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2N7Gc...

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Need more private, may be fewer banks: CEA

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KR96...

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Bid to address concerns of money laundering: RBI directs banks to incorporate the name of purchaser in demand draft

The Reserve Bank has directed banks to incorporate the name of the purchaser in demand draft in a bid to address concerns of money laundering. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zuzp...

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NCLAT sets aside order giving relief to 5 directors of Nirav Modi firm in PNB fraud case

Allowing the government's appeal, the tribunal set aside the NCLT Mumbai order observing that they had exposure with the PNB and are found to be beneficiaries of the fraud. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uAK1...

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Reserve Bank red-flags fiscal risks of States

Pressure building on budgets from higher salary outgo, farm-loan waivers from Business Line - Money & Banking https://ift.tt/2Lfty...

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Is the LIC-IDBI Bank deal a disinvestment?

Financial Services Dept guiding sale, but DIPAM eyeing proceeds from Business Line - Money & Banking https://ift.tt/2ut1p...

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LIC board likely to meet next week to discuss IDBI Bank deal

SurabhiThe Board of Directors of state-owned Life Insurance Corporation (LIC) of India is likely to meet next week to approve the proposal to buy up t from Business Line - Money & Banking https://ift.tt/2me1z...

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‘To achieve States’ FRBM target, primary deficits must be set right’

Re-prioritising State expenditure will be necessary: RBI report on State finances from Business Line - Money & Banking https://ift.tt/2mdQ2...

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IDBI Bank officers threaten 6-day strike from Monday – Here is why they are protesting

A section of IDBI Bank officers has threatened to go on a six-day strike from Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jhdc...

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Karnataka Bank Q1 net rises 22% at ₹163 crore

Our BureauKarnataka Bank reported a net profit of ₹163.24 crore in the first quarter of 2018-19 against a profit of ₹133.85 crore in the correspond from Business Line - Money & Banking https://ift.tt/2NdDF...

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RBI lifts ban on Airtel Payments Bank to enrol new customers

Our BureauSunil Bharti Mittal-owned Airtel Payments Bank, on Thursday, said it has received approval from the Reserve Bank of India (RBI) for enrolli from Business Line - Money & Banking https://ift.tt/2KPzK...

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Monexo Fintech gets RBIcertification for P2P biz

Our BureauMonexo Fintech (P) Ltd, on Thursday, said it has been granted the NBFC-P2P certification by the RBI for operations in India.The accreditati from Business Line - Money & Banking https://ift.tt/2KUjd...

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Private sector insurers may need ₹1,200-3,000 cr capital infusion to maintain current growth rate: ICRA

Our BureauPrivate-sector general insurers will require ₹1,200 crore to ₹3,000 crore of capital infusion in the current fiscal to maintain the current from Business Line - Money & Banking https://ift.tt/2N6od...

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India Inc raises $5.2 b via ECBsin the first two months of FY19

Most domestic banks reluctant to lend as NPAs take a toll on their balance sheets from Business Line - Money & Banking https://ift.tt/2KUj9...

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States slip on fiscal targets on farm loan waivers, GST: RBI

This is the third consecutive year where the states have failed to meet their gross fiscal deficit (GFD) target, the central bank said, adding this comes despite expectations of an improvement on higher devolution from the Centre. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JhbC...

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Karnataka Bank shares jump nearly 5% after Q1 results

Shares of Karnataka Bank today surged nearly 5 per cent after the company posted 22 per cent rise in net profit for the quarter ended June 30. The s from Business Line - Money & Banking https://ift.tt/2mdEe...

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BoB chief Jayakumar denies interest in Axis Bank MD post

P.S.Jayakumar, Managing Director & Chief Executive Officer, Bank of Baroda (BOB), on Thursday made it clear that he is not in the race for the po from Business Line - Money & Banking https://ift.tt/2Na9O...

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Karnataka Bank net profit up 22%

Karnataka Bank Ltd has recorded a net profit of ₹163.24 crore in the first quarter of 2018-19 against a profit of ₹133.85 crore in the corresponding p from Business Line - Money & Banking https://ift.tt/2meVZ...

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Future Generali begins delivery of policies via WhatsApp

Future Generali India Insurance Company Ltd (FGII), a private general insurer, on Thursday said it has become the first insurance company to initiate from Business Line - Money & Banking https://ift.tt/2L7aq...

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Airtel Payments Bank gets RBI, UIDAI nod to resume taking new customers

Approval after seven months after the LPG subsidy fiasco from Business Line - Money & Banking https://ift.tt/2mdWF...

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LPG Subsidy fiasco: Airtel Bank gets RBI, UIDAI nod to resume taking new customers

It comes nearly 7 months after Airtel along with Airtel Payments Bank came under fire for allegedly opening payments bank accounts of its mobile subscribers without their consent from Banking/Finance-Industry-The Economic Times https://ift.tt/2L9R2...

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Wilful defaulters: IDBI Bank owed Rs 5,372 crore

More than 120 wilful defaulters owe public sector lender IDBI Bank Rs 5,372 crore as on May 16, 2018. Of this, the top 10 have unpaid loans of Rs 3,717 crore or around 70% of the amount. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LawE...

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RBI’s new cash management norms hike banks’ costs

Under the new norms, lenders must ensure that they engage service providers and their sub-contractors with a net worth of at least Rs 100 crore from Banking/Finance-Industry-The Economic Times https://ift.tt/2usui...

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Don’t Witch Hunt Bankers: Corruption Act must be amended, else decision making will be frozen

The most damaging aspect is that the genuinely corrupt and the honest who may have only deviated from procedure are clubbed together. from Banking/Finance-Industry-The Economic Times https://ift.tt/2zG1z...

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DBS Bank looks to grow Indian business through partnerships

It is not looking for any immediate acquisition of fintech companies in India like what it did in a few Asian markets, bank chief executive Piyush Gupta said from Banking/Finance-Industry-The Economic Times https://ift.tt/2JeNe...

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RBI’s new cash management norms hike banks’ costs

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2maTo...

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Beware! Rs 5 crore gone! 2,000 SBI credit card holders cheated by fraudsters – Here is what happened

Thirty people including 22 tele-callers have been arrested by the Cyberabad police in New Delhi for allegedly cheating nearly 2,000 SBI credit card holders to the tune of Rs five crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N9DB...

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HSBC Geneva a/c case: ITAT sends back case involving NRI for further investigation

  The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has sought further investigation into one of the cases linked to HSBC’s Geneva branch i from Business Line - Money & Banking https://ift.tt/2KLSH...

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K-EXIM in deal with SBI Capital Markets

Our BureauThe Export-Import Bank of Korea (K-EXIM), the Korean Export Credit Agency, and SBI Capital Markets (SBICAP), one of India’s leading investm from Business Line - Money & Banking https://ift.tt/2zvS4...

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PMAY gives a boost to HDFC home-loan biz

Loans to EWS, LIG segments surge 32 per cent and 41 per cent from Business Line - Money & Banking https://ift.tt/2m6GF...

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Lending to infrastructure sector sees negative growth in last two fiscals

Developers who face difficulty in completing projects turn to NBFCs for funding from Business Line - Money & Banking https://ift.tt/2uojj...

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Repo in corporate bonds likely to improve liquidity, investor appetite: Crisil Ratings

The electronic platforms for tripartite repurchase agreements (repo) in corporate bonds launched by the National Stock Exchange and the Bombay Stock from Business Line - Money & Banking https://ift.tt/2L0W2...

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BoB signs pact with KB Financial Group

Bank of Baroda on Wednesday said it has signed a memorandum of understanding (MoU) with KB Financial Group Inc. (KBFG), Korea, for a comprehensive b from Business Line - Money & Banking https://ift.tt/2upxI...

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PNB, Carlyle Group to sell at least 51% stake in PNB Housing Finance

"Punjab National Bank and Carlyle Group intend to jointly initiate a strategic stake sale process to offer minimum 51 per cent stake in PNB Housing Finance," PNB said in a regulatory filing. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2u82s...

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Merger of 3 PSU non-life insurers may be delayed

While July 16 has been fixed as the last date for receipt of expression of interest from consultants, the government is yet to announce the date for final presentation. from Banking/Finance-Industry-The Economic Times https://ift.tt/2ukxU...

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Deccan Chronicle may be headed for liquidation

A bankruptcy court had given the Hyderabad-based company’s resolution professional (RP) time till July 10 (Tuesday) to submit a resolution plan. from Banking/Finance-Industry-The Economic Times https://ift.tt/2zsce...

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LIC buy-in: IDBI Bank jumps on open-offer trigger talk

The IDBI Bank stock rose as much as 14.34% intra-day on Tuesday following reports that Life Insurance Corporation’s (LIC) plan to increase its stake in the bank may trigger an open offer. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2znLu...

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56 lenders to sign inter-creditor agreement in a few days

The agreement — based on a recommendation by the Sunil Mehta committee that looked into resolution of stressed assets — aims to deal with bad loans that banks must resolve before next month end from Banking/Finance-Industry-The Economic Times https://ift.tt/2ztpg...

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How top former bankers are taking a plunge into the finance industry

Financial services has long been institution-driven due to strict regulations. But many former bankers have taken the plunge. Here’s what Jaspal Bindra, Gunit Chadha, Bhupinder Singh and R Sridhar want to do. from Banking/Finance-Industry-The Economic Times https://ift.tt/2m9He...

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Farm loan waivers are a headache for banks: Ashok Khanna of HDFC Bank

"If I give a tractor loan to and one day the govt announces a farm loan waiver. Then the farmer thinks what is the point in paying back and stops payment," Ashok said. from Banking/Finance-Industry-The Economic Times https://ift.tt/2uavK...

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Axis Bank shortlists three as Shikha Sharma’s successor

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ubvM...

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IFCI frames turnaround strategy, higher disbursement under new business plan

To double cash recovery from NPAs; willsell non-core real estate assets this fiscal from Business Line - Money & Banking https://ift.tt/2L58G...

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Axis Bank shortlists 3 candidates to succeed MD & CEO Shikha Sharma

Axis Bank today said it has shortlisted three candidates to succeed the MD & CEO Shikha Sharma, whose term is due to expire in December this year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2m7aC...

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Axis Bank shortlists three candidates to succeed Shikha Sharma as CEO

Bank of Baroda chief PS Jayakumar seen as the top contender from Business Line - Money & Banking https://ift.tt/2N1Df...

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IDFC Bank aiming to sustain addition of 1 lakh new customers a month

G BalachandarIDFC Bank has said that it is adding one lakh new customers per month, and is confident of maintaining the run-rate in the near term.“Ou from Business Line - Money & Banking https://ift.tt/2m8Lm...

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Ind-Ra downgrades IDFC Bank NCDs

Our BureauIndia Ratings and Research (Ind-Ra) has downgraded IDFC Bank’s non-convertible debenture (NCD) ratings from ‘AAA/RWN (rating watch negative from Business Line - Money & Banking https://ift.tt/2zsbH...

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CBI registers 3 cases of banking fraud after Rs 136 crore loss to SBI

he second case was registered against Maheep Marketing Pvt. Ltd, its Directors Gajendra Sandim, Hemant Sanghvi and the three SBI officials for allegedly causing loss of Rs 49.99 crore. from Banking/Finance-Industry-The Economic Times https://ift.tt/2m8Fk...

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PNB separates loan appraisal, monitoring to reduce credit risk

Punjab National Bank (PNB) said it is taking steps against erring employees, legal action against the fraud perpetrators and closely cooperating with the regulators and law enforcement agencies. from Banking/Finance-Industry-The Economic Times https://ift.tt/2zy3k...

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Who will replace Shikha Sharma? Axis Bank shortlists 3 candidates for top job

As Axis Bank CEO Shikha Sharma’s fourth term is coming to an end in December, the bank has recommended names of three candidates to replace her, according to the stock exchange filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NFz9...

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LIC unions oppose acquisition of IDBI Bank by insurer

Citing past performance of the investments made in the public sector banks (PSBs), Federation of LIC Class-I Officers Association said: "There is considerable erosion in the share value of these banks which may affect our profitability also. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jc3H...

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Bihar Grameen Bank to merge with Madhya Bihar Grameen Bank: Sushil Modi

After the merger, only two rural banks- Uttar Bihar and Madhya Bihar- will be left in the state, said Modi, who is also Bihar's Finance Minister. from Banking/Finance-Industry-The Economic Times https://ift.tt/2zq2A...

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‘Financial creditors must balance the needs of other stakeholders’

Thomas Abraham Srishti Dhir, President at Alchemist Asset Reconstruction Company, believes that the Insolvency and Bankruptcy Code is a game-changer from Business Line - Money & Banking https://ift.tt/2N63I...

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Kicks off on a sound note

Core performance healthy despite slight dip in margins from Business Line - Money & Banking https://ift.tt/2KJQB...

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’LIC to make open offer to IDBI Bank shareholders’

Insurance behemoth LIC will make an open offer to minority shareholders of IDBI Bank in which it proposes to acquire up to 51 per cent equity, sourc from Business Line - Money & Banking https://ift.tt/2N4SN...

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Axis board short lists three candidates for CEO post

Shikha Sharma’s third three-year term was coming to a close on June 30, 2018, and the board had approved another three-year extension last year. from Banking/Finance-Industry-The Economic Times https://ift.tt/2u4x8...

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NBFCs spreads may get squeezed by 50-75 bps in FY19: Report

The report further said over the past few years, non-banks have benefited from benign interest rates stemming from excessive liquidity, which turned into a deluge after demonetisation. from Banking/Finance-Industry-The Economic Times https://ift.tt/2zmIe...

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HDFC Ergo launches title insurance cover

Private sector general insurer HDFC Ergo today launched a title insurance policy, a first in the private insurance segment, under which it will offe from Business Line - Money & Banking https://ift.tt/2KYjP...

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ICICI Bank, Australia's Westpac join hands to facilitate online fee payment for students

Indian residents, who are customers of any bank in India, can now initiate an online remittance to make fee payments to an Australian university at a fixed exchange rate. from Banking/Finance-Industry-The Economic Times https://ift.tt/2L08R...

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Bank of Baroda to partner with South Korea's KB Financial Group

Partner firm KB Financial Group is keen to work on areas such as consumer finance, loans to small and medium enterprises and infrastructure financing. from Banking/Finance-Industry-The Economic Times https://ift.tt/2m8zP...

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Pay or perish: Bankruptcy law is the push Indian companies needed to pay up

India’s new bankruptcy law has instilled fear among delinquent borrowers and prompted several reluctant founders to repay outstanding debt due to the risk of losing their company, according to its insolvency regulator. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2znwB...

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For PSBs, average lending rate dips, despite hikes in MCLR

Risk averse lending appears to have dragged the yield down on fresh lending from Business Line - Money & Banking https://ift.tt/2J74r...

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LIC unions oppose acquisition of IDBI Bank by insurer

The Federation of LIC Class-I Officers Association said that the LIC has been forced to participate in the bank recapitalisation of PSBs and that the acquisition of a majority stake in IDBI has to be viewed with concern in this context. from Banking/Finance-Industry-The Economic Times https://ift.tt/2u7iU...

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IndusInd Bank net profit jumps 24% on higher interest income

IndusInd Bank Ltd on Tuesday reported a 24 per cent jump in its first-quarter net profit, driven by higher interest income. Net profit climbed to Rs from Business Line - Money & Banking https://ift.tt/2JbEu...

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UPI to get upgrade this week. Here are some of the new features you can expect

The second version of UPI is likely to include new features like doubling of the transaction limit to Rs 2 lakh and buyer-to-merchant payment facility that will promote merchant payments. from Banking/Finance-Industry-The Economic Times https://ift.tt/2N498...

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SBI orders recovery of overtime pay from staff of associate banks

Says money for extra work during note-ban window only for its employees from Business Line - Money & Banking https://ift.tt/2J9F1...

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RBI’s networth criteria may hit ATM operations

Banks seek more time for service providers to meet ₹100 crore criteria from Business Line - Money & Banking https://ift.tt/2m7Y2...

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HDFC Bank’s loan advances in Q1 are three times more than Modi’s PSU bank recap budget; find out more

HDFC Bank’s loan advances are up nearly Rs 7.09 lakh crore as of June 30 this year compared to Rs 5.8 lakh crore in the corresponding period last year and Rs 6.5 lakh crore as of March 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KK5R...

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Q1 results of stressed-out private lenders likely to remain muted

May pick up after a few quarters, say analysts from Business Line - Money & Banking https://ift.tt/2m7LF...

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HSBC expects inflation to move up sharply

RBI may hike rates two more times this fiscal, says chief economist from Business Line - Money & Banking https://ift.tt/2KUfC...

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Rupee’s strength may be short-lived

Dollar weakness, slow down in foreign money outflows give temporary relief from Business Line - Money & Banking https://ift.tt/2KYKG...

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Karnataka Bank launches facility to withdraw cash from PoS terminals

Karnataka Bank Ltd has introduced 'Cash@PoS' facility through its network of 13,100-plus Point of Sale (PoS) terminals installed at various merchant e from Business Line - Money & Banking https://ift.tt/2NAtY...

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World Bank CEO adds to voices of worry over global debt pileup

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NBNf...

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PSBs plan to raise 50,000 crore this fiscal

Public sector banks (PSBs) are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growth and meeting regulatory global risk norms. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KFZK...

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Mallya case: ED using fugitive law may hit lenders' prospects

Indian banks are working closely with UK authorities to recover the maximum out of the assets owned by Mallya, after a British court allowed them to search and seize his properties. from Banking/Finance-Industry-The Economic Times https://ift.tt/2KEZg...

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Fearing probe, best bankers avoiding credit dept: Panel

A committee of bankers on resolution of stressed assets has said that the fear of investigation has resulted in the best people in the banks preferring to avoid credit roles, while calling for a revamp of governance and credit structures in state-run lenders. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NCMk...

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Asset-trading platform to allow banks to rejig loan portfolios: Sunil Mehta

The asset-trading platform envisaged by the Sunil Mehta Committee will allow smaller public sector banks to offload large corporate exposures and focu from Business Line - Money & Banking https://ift.tt/2u3AM...

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Decoding life insurance illustrations

The illustration forms the basis on which reasonable customer expectations are set from Business Line - Money & Banking https://ift.tt/2L24y...

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Lump-sum or regular payout?

Opt for a life insurance benefit that suits your needs — ideally, a mix of the two from Business Line - Money & Banking https://ift.tt/2zjsr...

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Pakistan’s central bank tightens currency movement after in FATF grey-listing

Pakistan’s central bank has decided to tighten the movement of foreign and local currency to combat money laundering after the country was placed on from Business Line - Money & Banking https://ift.tt/2KWsx...

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SBI Card plans to launch 4 new products during Q3 of FY19

The second largest credit card issuer promoted by SBI, with 74 per cent stake, also intends to grow the number of card-holders and bring down the delinquency ratio of 1.9 per cent in 2018-19. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2uc0W...

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IMPS fund transfer doubles to Rs 3.23 lakh crore in Q1 of FY19

Transfer of funds through Immediate Payment Service (IMPS) crossed a whopping Rs 3.23 lakh crore in April-June quarter of 2018-19, which is almost double the amount recorded in the year-ago period. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2J519...

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CBI looks for banking, tax experts to help probe in multi-crore scams

The agency has asked for officers on deputation as an advisor (banking), senior advisor (foreign trade or foreign exchange), deputy advisor (foreign trade or foreign exchange) and senior advisor (taxation). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zgBh...

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Set up central agency to evaluate big loan proposals: ICAI

The suggestion comes at a time when the country's banking system is grappling with mounting sour loans. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Nyjg...

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SBI Cards plans to launch 4 new products this fiscal

In a bid to increase its portfolio, SBI Cards plans to introduce four new products this fiscal. The second largest credit card issuer promoted by SBI, from Business Line - Money & Banking https://ift.tt/2u1dQ...

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Central agency must be set up to evaluate big loan proposals: ICAI

The Institute of Chartered Accountants of India has suggested constituting a central agency, with cost accountants and experts from other fields, to from Business Line - Money & Banking https://ift.tt/2J4W6...

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PSU banks plan to raise over Rs 50k crore equity capital in FY19

Public sector banks are planning to tap the markets to raise more than Rs 50,000 crore this fiscal to shore up their capital base for business growt from Business Line - Money & Banking https://ift.tt/2NxGG...

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SBI Cards plans to launch 4 new products this fiscal

The second largest credit card issuer promoted by SBI, with 74 per cent stake, also intends to grow the number of card-holders. from Banking/Finance-Industry-The Economic Times https://ift.tt/2MWFy...

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Joint Venture banks can bring foreign capital to Nepal, says a top Central Bank official

The Deputy Governor of Nepal Rastra Bank said that there is no objection on the part of the central bank if foreign capital is brought to the country for investment. from Banking/Finance-Industry-The Economic Times https://ift.tt/2KI1u...

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Dues of PNB's big defaulters fall to Rs 15,354 cr in June

Dues from big wilful defaulters of Punjab National Bank fell 0.87 per cent to Rs 15,354.52 crore in June compared to the previous month. Data on big from Business Line - Money & Banking https://ift.tt/2KFmg...

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PNB's big wilful defaulters' dues fall to Rs 15,354 cr in June

For financial year ended March 2018, the bank's balance sheet had closed with big wilful defaults owing Rs 15,171.91 crore. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Nw5E...

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Funds transfer via IMPS crosses Rs 3.23 lakh cr in April-June quarter

Transfer of funds through Immediate Payment Service (IMPS) crossed a whopping Rs 3.23 lakh crore in the April-June quarter of 2018-19, which is almost from Business Line - Money & Banking https://ift.tt/2J1Ts...

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IMPS fund transfer doubles to Rs 3.23 lakh cr in FY'19 Q1

IMPS offers an instant, round-the-clock interbank electronic fund transfer service that can be accessed through multiple channels like mobile, internet etc. from Banking/Finance-Industry-The Economic Times https://ift.tt/2KIHe...

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CBI looks for banking, tax experts to help probe in multi-crore scams

Among the prominent ones is the over Rs 13,000-crore fraud in the PNB allegedly committed by jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems. from Banking/Finance-Industry-The Economic Times https://ift.tt/2zkH4...

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