LIC comes to the rescue of ILFS; board approves revival plan at emergency meeting

IL&FS is sitting on a debt pile of around Rs 91,000 crore and had been downgraded to junk status by rating agencies following the default. from Banking/Finance-Industry-Economic Times https://ift.tt/2xk7J...

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National Insurance gets new CMD

Tajinder Mukherjee has been appointed as the new Chairman and Managing Director of National Insurance Company Limited (NIC). She took charge from Sep from Business Line - Money & Banking https://ift.tt/2xbee...

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`Rupee closer to its fair value, unlikely to see any further depreciation’

The Indian rupee is “tracking closer to its fair value” and a further rapid depreciation (of the rupee to the dollar) appears unlikely. However, appr from Business Line - Money & Banking https://ift.tt/2NbGM...

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BoI gets SEBI nod for employee stock purchase scheme

Bank of India on Saturday said the Securities and Exchange Board of India has permitted it to adopt the "Issuance of equity shares through 'Employee S from Business Line - Money & Banking https://ift.tt/2NJ9s...

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NPA recovery: Government doubles target for public sector banks to Rs 1.5 lakh crore

Although the situation seemed to have improved a little during the June quarter when the stock of NPAs declined marginally from Rs 10.25 lakh crore to just a shade above Rs 10 lakh crore, banks are not completely out of the woods yet, given the stiffer asset quality review and the provisioning requirements being imposed by RBI. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Nc81...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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Strapped IL&FS may get a Rs 1,200-crore lifeline from LIC

The non-banking finance company is looking to raise funds through a rights issue to shore up capital, reduce debt and recapitalise group companies. from Banking/Finance-Industry-Economic Times https://ift.tt/2xj3R...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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RBI to purchase G-secs worth Rs 10,000 cr next week

The Reserve Bank Friday announced it will purchase government securities (G-secs) worth Rs 10,000 crore on September 19, a move aimed at inducing liquidity in the system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MvGb...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

India's biggest lender SBI said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xenO...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

India's biggest lender SBI said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xenO...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

India's biggest lender SBI said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xenO...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

India's biggest lender SBI said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xenO...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

India's biggest lender SBI said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xenO...

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Forex reserves shrink by $819 m to stand at $399.3 b

Rising crude, widening CAD are reasons for fall from Business Line - Money & Banking https://ift.tt/2MwWf...

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Hinduja Leyland Finance hits the IPO highway with global roadshows

G BALACHANDAR Hinduja Leyland Finance (HLFL), which is set to raise ₹500 crore through an IPO, hopes to maintain a healthy double-digit growth in the from Business Line - Money & Banking https://ift.tt/2xdlc...

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Aditya Birla Finance to enter into healthcare financing

KR Srivats Aditya Birla Finance (ABFL), among the nation’s top five private diversified NBFCs, plans to enter the healthcare financing space, sai from Business Line - Money & Banking https://ift.tt/2NHIw...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

India's biggest lender SBI said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xenO...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

India's biggest lender SBI said Friday there was no laxity on its part in dealing with loan default by now defunct Kingfisher Airlines of fugitive liquor baron Vijay Mallya. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xenO...

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RBI to buy G-Secs in open market on Sept 19

Our Bureau The RBI on Friday said it will purchase Government Securities (G-Secs) under Open Market Operations (OMO) for ₹10,000 crore on September 19 from Business Line - Money & Banking https://ift.tt/2xbA2...

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SBI denies any laxity on its part in dealing with Mallya's case

The comments by SBI came after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation but the lenders moved the apex court only after the tycoon had left the country four days later. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2p4Dv...

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HDFC Bank sends 250 summons via WhatsApp, e-mail to customers

The official said over 60 lakh cheque bounce cases are pending in the country and HDFC Bank has taken a lead by requesting the courts to use digital means to issue summons. from Banking/Finance-Industry-Economic Times https://ift.tt/2xeW5...

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SBI denies any laxity on its part in dealing with fugitive Vijay Mallya case

Allegedly SBI did not approach Supreme Court in time to prevent Mallya from fleeing the country. from Banking/Finance-Industry-Economic Times https://ift.tt/2Mv06...

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Lehman Brothers collapse: Lessons for India on rising NPA problem

It’s going to be ten years since Lehman Brothers collapse hit the US on September 15, 2008, triggering a financial crisis all across the world. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xeZF...

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Lehman Brothers collapse: Lessons for India on rising NPA problem

It’s going to be ten years since Lehman Brothers collapse hit the US on September 15, 2008, triggering a financial crisis all across the world. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xeZF...

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PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

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PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

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PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

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PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

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Rupee strengthens by 50 paise against dollar in early trade

The rupee Friday strengthened by 50 paise to 71.68 against the dollar in early trade in the forex market. Dollar selling by exporters and banks, the greenback's weakness against other currencies overseas, helped the domestic currency recover, forex dealers said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OlBe...

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PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

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Many companies won’t need govt nod for brass salaries

The government has done away with the requirement for public companies to seek approval for salaries beyond a threshold to their managerial personnel. However, it has stipulated that public companies that have defaulted in payment of dues to a bank, other secured creditors or non-convertible debenture holders, will need the nod. ​ from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ojlr...

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PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

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PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

Read more »

PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthorisedly over 150 letters of undertaking (LoUs) aggregating to more than Rs 6,498 crore from the Brady House branch of Punjab National Bank, sources said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OkdH...

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This German bank sees more consolidation after merging 19 times, no layoffs in 156 years

The number of German banks has been declining for years. One lender that is fueling this trend is located right in the country’s financial capital. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NHyl...

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This German bank sees more consolidation after merging 19 times, no layoffs in 156 years

The number of German banks has been declining for years. One lender that is fueling this trend is located right in the country’s financial capital. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NHyl...

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Federal Bank inks MOU with Infopark Kakkanad

Federal Bank, which is in the process of formation of a wholly owned subsidiary company, has executed MOU with Infopark Kakkanad for leasing space i from Business Line - Money & Banking https://ift.tt/2Qsiv...

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Syndicate Bank to raise up to ₹ 250 cr via employee stock purchase scheme

State-owned Syndicate Bank has said its board approved a proposal to raise up to ₹250 crore by issuing shares to its employees under the employee sto from Business Line - Money & Banking https://ift.tt/2CRma...

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RBI governor Urjit Patel to give pep talk to anti-corruption officers

The Reserve Bank of India (RBI) governor will deliver the lecture on September 20 at the CVC office here, the officials said, adding that it will be a first-of-its-kind interaction with the select senior central government officers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2x9C0...

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United Bank of India increases MCLR by 5 basis points

Public lender United Bank of India has increased its marginal cost of funds based lending rate (MCLR) by 5 basis points or 0.05 per cent across tenors from Business Line - Money & Banking https://ift.tt/2xcfS...

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IL&FS staring at more defaults; SIDBI seeks plan for repayment

Things are turning from bad to worse for Infrastructure Leasing & Financial Services Ltd, which is on the verge of defaulting on more borrowings. from Business Line - Money & Banking https://ift.tt/2NEWz...

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PNB invites bids from ARCs/FIs for 21 NPA accounts to recover Rs 1,320 crore

PNB said the submission of financial bids will be only through e-auction method which will take place on the bank's portal on September 20. from Banking/Finance-Industry-Economic Times https://ift.tt/2p34B...

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Rupee stages comeback as government mulls taking measures

The rupee has set one record low after another amid a selloff in emerging-market currencies and concern about India’s widening current-account deficit. The currency’s persistent weakness has prompted authorities to ask the central bank to intervene more aggressively to stem the slide. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CN6T...

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India’s shadow-bank bust has a Lehman echo

The same vulnerabilities that were exposed by the Lehman crisis are now on display in India a decade later. from Banking/Finance-Industry-Economic Times https://ift.tt/2xak1...

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August retail inflation cools to 10-month low of 3.69%

Wednesday's data shows that for the first time in ten months, retail inflation has met Reserve Bank of India's mid-term target of 4 per cent. The target was last met in October 2017, when CPI inflation had come in at 3.58 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QpF1...

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Bandhan Bank backs out of race to acquire PNB Housing

The private sector lender backed out at the last minute and did not submit the non-binding offer. from Banking/Finance-Industry-Economic Times https://ift.tt/2p1lz...

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ICICI Bank shareholders fear ‘reputational, financial risks’

Disappointed by dismal corporate governance, reappointment of Kochhar to I-Sec board from Business Line - Money & Banking https://ift.tt/2CKUD...

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‘Challenges see growth at SFBs slow to 17% in FY18’

Our BureauThe growth of small finance banks (SFBs) in fiscal 2018 has slowed down due to the process of transition from their erstwhile avatar as N from Business Line - Money & Banking https://ift.tt/2CXi4...

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No ‘halla bol’ at defaulter’s residence: Kerala HC to Corp Bank

KC GopakumarThe Kerala High Court, on Thursday, restrained the management of Corporation Bank from holding any sort of demonstration by its employees from Business Line - Money & Banking https://ift.tt/2p2Km...

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Payment companies seek extension of RBI deadline for local data storage centres

SurabhiThe payments industry is in talks with the Reserve Bank of India for an extension of its October deadline for local storage of data, and is ho from Business Line - Money & Banking https://ift.tt/2CXhW...

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SC adjourns hearing on bitcoins for second day

Our BureauThe Supreme Court of India has adjourned, for the second consecutive day, the final hearing on a case that could have decided the fate of c from Business Line - Money & Banking https://ift.tt/2p4qf...

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How digital disbursal boosts rural loans of microfinance institutions

G Naga Sridhar Micro loan disbursal in rural areas is undergoing a digital transformation with Microfinance Institutions (MFIs) preferring the cas from Business Line - Money & Banking https://ift.tt/2CXhN...

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Vibha Padalkar appointed HDFC Life MD and CEO

Our BureauHDFC Standard Life Insurance has appointed Vibha Padalkar as its new Managing Director and CEO for a period of three years with effect fro from Business Line - Money & Banking https://ift.tt/2QpoZ...

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Bank credit rose by 13.49%; deposits by 8.9%

In the reporting period, the growth in advances was higher than the previous fortnight ended August 17, 2018, when it had grown at 12.94 per cent to Rs 86,75,129 crore. from Banking/Finance-Industry-Economic Times https://ift.tt/2x80S...

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Bank credit rose by 13.49%; deposits by 8.9%

Bank credit grew by 13.49 per cent to Rs 87,89,259 crore in the fortnight ended August 31, according to recent RBI data. In the year-ago fortnight, from Business Line - Money & Banking https://ift.tt/2Odcb...

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ICICI Bank shareholders fear "reputational risk" over dismal corporate governance

Angry shareholders give 'poor' evaluation to Kochhar's performance. from Business Line - Money & Banking https://ift.tt/2x96X...

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Who is Vibha Padalkar? HDFC Life’s new MD, CEO who is replacing Amitabh Chaudhry

HDFC Standard Life Insurance appointed Vibha Padalkar as its MD and CEO for a period of three years effective Wednesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MhUJ...

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ICICI Bank warns of too much focus on tech-driven lending

Stating that people can "game" credit bureau scores and doubt the authenticity of tax returns, a top ICICI Bank official has cautioned against excessive use of computer algorithms in lending and has called for applying "human judgment". from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CP6A...

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RBI’s ICE framework: Banks need to take 40-60% haircut on stressed debt to get RP4 rating, says report

RBI in its revised framework had said all resolution plans involving restructuring or change in ownership for large accounts where the aggregate exposure of lenders is Rs 100 crore and above would require ICE of the residual debt by credit rating agencies (CRAs). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NEcv...

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Who is Vibha Padalkar? HDFC Life’s new MD, CEO who is replacing Amitabh Chaudhry

HDFC Standard Life Insurance appointed Vibha Padalkar as its MD and CEO for a period of three years effective Wednesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MhUJ...

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ICICI Bank warns of too much focus on tech-driven lending

Stating that people can "game" credit bureau scores and doubt the authenticity of tax returns, a top ICICI Bank official has cautioned against excessive use of computer algorithms in lending and has called for applying "human judgment". from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CP6A...

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RBI’s ICE framework: Banks need to take 40-60% haircut on stressed debt to get RP4 rating, says report

RBI in its revised framework had said all resolution plans involving restructuring or change in ownership for large accounts where the aggregate exposure of lenders is Rs 100 crore and above would require ICE of the residual debt by credit rating agencies (CRAs). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NEcv...

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Who is Vibha Padalkar? HDFC Life’s new MD, CEO who is replacing Amitabh Chaudhry

HDFC Standard Life Insurance appointed Vibha Padalkar as its MD and CEO for a period of three years effective Wednesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MhUJ...

Read more »

ICICI Bank warns of too much focus on tech-driven lending

Stating that people can "game" credit bureau scores and doubt the authenticity of tax returns, a top ICICI Bank official has cautioned against excessive use of computer algorithms in lending and has called for applying "human judgment". from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CP6A...

Read more »

RBI’s ICE framework: Banks need to take 40-60% haircut on stressed debt to get RP4 rating, says report

RBI in its revised framework had said all resolution plans involving restructuring or change in ownership for large accounts where the aggregate exposure of lenders is Rs 100 crore and above would require ICE of the residual debt by credit rating agencies (CRAs). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NEcv...

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HDFC Life elevates Vibha Padalkar as MD & CEO

HDFC Standard Life Insurance has elevated its Executive Director and Chief Financial Officer, Vibha Padalkar, to the post of Managing Director and Ch from Business Line - Money & Banking https://ift.tt/2p21T...

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HDFC LIFE appoints Vibha Padalkar as MD & CEO for 3 years

After the exit of Amitabh Chaudhary, who joined Axis Bank, Padalkar, who is on the board of HDFC life, was the front runner for the top job. from Banking/Finance-Industry-Economic Times https://ift.tt/2MtgC...

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LGBT nightclubs to 'gaycations': Section 377 ruling to free India's 'pink economy'

The LGBT community can expect to see businesses lining up to offer a range of tailored products, in fashion, health and other industries, providing a massive boost to Asia's third-biggest economy. World Bank said in a 2014 report that homophobic attitudes and a reluctance to hire LGBT people hampered India's economic growth by up to 1.7 per cent annually. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2x3QY...

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Banks have to take up to 50% haircut on stressed debt of Rs 50,000 cr under ICE framework: Study

With stressed debt of over Rs 50,000 crore under the independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 from Business Line - Money & Banking https://ift.tt/2NCEm...

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Banks may show photos of assets to be auctioned

Soon, banks may show photographs of properties that they put up for auction, along with relevant documents to improve the e-auction process. from Banking/Finance-Industry-Economic Times https://ift.tt/2CNAi...

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Payments banks’ total deposits under Rs 540 crore

Although the RBI granted 11 applicants in-principle approval to set up payments banks, three applicants dropped out as they had doubts of the business model. from Banking/Finance-Industry-Economic Times https://ift.tt/2N3KG...

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7 bidders in race for $2.3 billion PNB Housing finance buyout

The bids, which are likely to be opened later this week, may have come at a 10-12% premium to prevailing share price. from Banking/Finance-Industry-Economic Times https://ift.tt/2MpxF...

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Rupee at record low puts RBI under pressure to curb market rout

Pressure is mounting on the RBI to take stronger action to stem the currency’s slide. The central bank has already raised interest rates twice since June and depleted billions of dollars to bolster the currency, but with little success. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ogkd...

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Reliance Capital posts Rs 272 cr net profit in Q1

Reliance Capital has reported a consolidated net profit of Rs 272 crore in the first quarter of FY19 against a net loss of Rs 378 crore in the year- from Business Line - Money & Banking https://ift.tt/2Mn3S...

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How ICICI Bank faced the Lehman fallout

The global financial crisis hit the bank so badly that Infy founder Murthy, once an ICICI Bank board member, withdrew Rs 1,000 cr. from Banking/Finance-Industry-Economic Times https://ift.tt/2QobA...

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Big promoters using IBC to file frivolous appeals: Raghuram Rajan

The National Company Law Tribunal recently said that Numetal, a Russian bank led consortium that initially had a member of the Ruia family that owned Essar Steel but dropped him subsequently. from Banking/Finance-Industry-Economic Times https://ift.tt/2Mmj6...

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RBI's deadline for bankrupt cos: Supreme Court stays insolvency proceedings against defaulters

The order is expected to encourage more borrowers to seek judicial relief against the Feb 12 circular. from Banking/Finance-Industry-Economic Times https://ift.tt/2N9hE...

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Raise limits on loans granted through OTP-based e-KYC: Amitabh Kant

Kant said the current system of using biometric Aadhaar-authentication for small ticket loans will increase already high operating expenses of digital lenders. from Banking/Finance-Industry-Economic Times https://ift.tt/2x6mp...

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Yes Bank raises USD 400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) by way of syndicated loan facility, through IFSC Banking Unit in Gujarat International Finance Tec City. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N2p7...

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RBI nominee on PSU boards create illusion of regulatory control, says Raghuram Rajan

Former RBI Governor Raghuram Rajan is not in favour of having an RBI nominee on the boards of public sector banks, saying it creates an "illusion that the regulator is in control". from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2x5RI...

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Yes Bank raises $400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsfU...

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IBC: Relief for companies as SC stays RBI circular

Banks, firms can resolve issues till Nov 11, when apex court hears the matter again from Business Line - Money & Banking https://ift.tt/2x5bc...

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Yes Bank raises USD 400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) by way of syndicated loan facility, through IFSC Banking Unit in Gujarat International Finance Tec City. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N2p7...

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RBI nominee on PSU boards create illusion of regulatory control, says Raghuram Rajan

Former RBI Governor Raghuram Rajan is not in favour of having an RBI nominee on the boards of public sector banks, saying it creates an "illusion that the regulator is in control". from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2x5RI...

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Yes Bank raises $400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsfU...

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Yes Bank raises $400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsfU...

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Rajan traces NPA mess to banks’ excesses in 2006-08

Ex-RBI Governor says he sent list of cases to PMO, but is not aware of progress from Business Line - Money & Banking https://ift.tt/2QnlR...

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Yes Bank raises USD 400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) by way of syndicated loan facility, through IFSC Banking Unit in Gujarat International Finance Tec City. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N2p7...

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RBI nominee on PSU boards create illusion of regulatory control, says Raghuram Rajan

Former RBI Governor Raghuram Rajan is not in favour of having an RBI nominee on the boards of public sector banks, saying it creates an "illusion that the regulator is in control". from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2x5RI...

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Yes Bank raises $400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsfU...

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Yes Bank raises $400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsfU...

Read more »

Yes Bank raises USD 400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) by way of syndicated loan facility, through IFSC Banking Unit in Gujarat International Finance Tec City. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N2p7...

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RBI nominee on PSU boards create illusion of regulatory control, says Raghuram Rajan

Former RBI Governor Raghuram Rajan is not in favour of having an RBI nominee on the boards of public sector banks, saying it creates an "illusion that the regulator is in control". from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2x5RI...

Read more »

Yes Bank raises $400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsfU...

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‘RBI should have pushed earlier for enactment of the Bankruptcy Code’

Our BureauThe Reserve Bank of India should probably have raised more flags about the quality of lending in the early days of banking exuberance, said from Business Line - Money & Banking https://ift.tt/2MmO0...

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TTD gets buyer for Tirupati’s mountain of foreign coins

Plans to sell them as ‘sacred coins’ to non-resident Telugu society from Business Line - Money & Banking https://ift.tt/2MkpP...

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YES Bank raises $400 m via syndicated loan facility

Our BureauPrivate sector lender YES Bank, on Tuesday, said it had raised $400 million through a syndicated loan facility, borrowed out of its IFSC Ba from Business Line - Money & Banking https://ift.tt/2oWrf...

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HDFC Life likely to consider Vibha Padalkar as next CEO

Board to meet today from Business Line - Money & Banking https://ift.tt/2MkBW...

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Shun loan waivers, says Raghuram Rajan

Former RBI Governor calls for close scrutiny of Mudra and Kisan Credit Card for credit risks from Business Line - Money & Banking https://ift.tt/2oXdK...

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Insurers must follow investment regulations, says IRDAI chief

Lower-rated firms may offer better returns but may not be safe, says Khuntia from Business Line - Money & Banking https://ift.tt/2Mlfj...

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ICICI Bank AGM today

Chanda Kochhar unlikely to attend from Business Line - Money & Banking https://ift.tt/2oXdD...

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Choksi diverted over Rs 3,250 crore to foreign shores: ED

The agency, which is probing the $2 billion (about Rs 13,000 crore) alleged bank fraud that also involved his nephew Nirav Modi, said Choksi was "using several dummy companies" to rotate funds and to divert money for his personal use. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2x4Je...

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NHB head meets top HFCs to boost rural demand to meet 'housing for all by 2022'

NHB asked the players to have a focused approach in boosting demand for rural masses so that the government's Housing for All scheme is achieved by 2022. from Banking/Finance-Industry-Economic Times https://ift.tt/2NFO8...

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RBI nominee on banks' boards create illusion of regulatory control, says Raghuram Rajan

The Parliamentary Committee on Estimates had invited Raghuram Rajan to brief it on the matter after former chief economic advisor (CEA) Arvind Subramanian praised him for identifying the NPA crisis and trying to resolve it. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O9Bd...

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RBI submitted a list of high profile fraud cases to PMO: Raghuram Rajan

In the note to Chairman of Estimates Committee Murli Manohar Joshi, Rajan said that the size of frauds in the public sector banking system has been increasing from Banking/Finance-Industry-Economic Times https://ift.tt/2MltC...

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Yes Bank raises $400 million through syndicated loan facility

Private sector lender Yes Bank Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out of its IFSC Banking Unit (IBU) in Gujarat International Finance Tec City (GIFT). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsfU...

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Govt to invite bids to set up NBFC for food processing sector this month

NBFC’s initial corpus would be Rs 2,000 crore from Business Line - Money & Banking https://ift.tt/2CKFr...

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Yes Bank raises USD 400 mn through syndicated loan facility

Private sector lender Yes Bank on Tuesday said it has raised USD 400 million (approx Rs 2,894 crore) through syndicated loan facility, borrowed out from Business Line - Money & Banking https://ift.tt/2MmgP...

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Facing dollar squeeze, Indian companies rush for cheap Japanese loans

While Samurai loans still make up only a small portion of Indian firms’ total foreign-currency facilities, coming to more than 6 per cent this year, they are growing in importance for borrowers. Highly rated Indian companies are turning to Samurai loans as overseas banks become more reluctant to extend dollar funds from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O8tg...

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IRDAI in process to migrate to risk-based capital regime

IRDAI last year had set up a 10-member steering committee to help implement the new risk-based capital regime by March 2021. from Banking/Finance-Industry-Economic Times https://ift.tt/2x0LS...

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Rupee not to go in for free fall: Former RBI governor Raghuram Rajan

Heavy speculative dollar demand along with panic among importers sent the Indian rupee tumbling by a sharp 94 paise to hit a historic low of 72.67 in mid-morning trade, triggering the central bank intervention to defend the currency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2x3BY...

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EXCLUSIVE: Farmers’ loan distress will continue if there’s no comprehensive insurance, says Rabo Equity CMD

Food processing is a great sector and Rabo will continue to focus on “high value” processing sector, said Srivastava, adding that the golden opportunity will lie in all those areas where production and consumption advantages can hold out sustainably for next decade. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MkTN...

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NPA mess: What ex-RBI governor Raghuram Rajan suggests to tackle bad loan problem

The governance of public sector banks (PSBs) and monitoring process of non-performing assets (NPAs) needs improvement in order to tackle the growing problem of bad loans, said former Reserve Bank of India (RBI) governor Raghuram Rajan. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O7H8...

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Insolvency case: ICICI Bank moves NCLT against JP Associates

ICICI Bank on Monday filed an insolvency case against Jaiprakash Associates before the Allahabad bench of the National Company Law Tribunal (NCLT), which issued notices to the latter seeking a reply by September 17 when the matter will be heard next. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Mkxa...

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Raghuram Rajan: Over optimistic bankers, growth slowdown responsible for bad loans

‘Fear of investigation slowed down decision making, both in UPA and subsequent NDA govts’ from Business Line - Money & Banking https://ift.tt/2MmbD...

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Raghuram Rajan has a word of caution on MSME lending

Rajan said credit targets were sometimes achieved by abandoning appropriate due diligence. from Banking/Finance-Industry-Economic Times https://ift.tt/2x3FO...

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Over optimistic bankers, growth slowdown responsible for bad loans: Raghuram Rajan

In a note to Parliamentary panel, ex-RBI governor Raghuram Rajan stated a number of bad loans originated in the 2006-08 period, when banks encouraged by strong economic growth, went optimistic on lending, but hit a roadblock when this period was followed by a global financial crisis. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2x5JS...

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Insolvency case: ICICI Bank moves NCLT against JP Associates

ICICI Bank on Monday filed an insolvency case against Jaiprakash Associates before the Allahabad bench of the National Company Law Tribunal (NCLT), which issued notices to the latter seeking a reply by September 17 when the matter will be heard next. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Mkxa...

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Insolvency case: ICICI Bank moves NCLT against JP Associates

ICICI Bank on Monday filed an insolvency case against Jaiprakash Associates before the Allahabad bench of the National Company Law Tribunal (NCLT), which issued notices to the latter seeking a reply by September 17 when the matter will be heard next. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Mkxa...

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Jan Dhan overdraft option likely to give Rs 32,000 crore boost to economy

"We expect that mostly vegetable sellers or similar small shop owners will use this facility for their daily businesses," said an official. from Banking/Finance-Industry-Economic Times https://ift.tt/2O8pZ...

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Banks opening up loan window to high rated gold jewellers, but no respite for smaller ones

Banks across the board have restricted lending to jewellers after the Rs 13,700-crore Punjab National Bank scam involving diamond merchant Nirav Modi erupted early this year. from Banking/Finance-Industry-Economic Times https://ift.tt/2MhT7...

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Over-optimistic bankers, growth slowdown responsible for bad loans: Raghuram Rajan

Citing an example, Rajan said "one promoter told me about how he was pursued then by banks waving chequebooks, asking him to name the amount he wanted". from Banking/Finance-Industry-Economic Times https://ift.tt/2CFkJ...

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ICICI Bank files insolvency case against JP Associates

ICICI Bank has filed a bankruptcy petition against debt-ridden Jaiprakash Associates with the Allahabad Bench of the National Company Law Tribunal (NC from Business Line - Money & Banking https://ift.tt/2Mity...

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Ahead of SC hearing, crypto exchange CoinRecoil goes live

  Even though the Supreme Court is yet to decide on the fate of cryptocurrencies in the country, a new crypto exchange has gone live – Ahmedabad-based from Business Line - Money & Banking https://ift.tt/2QgbJ...

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Furnish GST returns, get an OD of ₹1 crore

ICICI Bank launches overdraft facility for MSMEs based on GST returns from Business Line - Money & Banking https://ift.tt/2O8hU...

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Aadhaar not mandatory for booking international parcel: Department of Posts

Moreover, all such documents are only required for office records and won’t be pasted on the consignments, the postal dept said. from Banking/Finance-Industry-Economic Times https://ift.tt/2Qi6n...

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OBC approaches NCLT to initiate insolvency proceedings against Simbhaoli Sugars

Simbhaoli Sugars Limited, one of the largest sugar mills in the country, has sugar units in Uttar Pradesh and Gujarat. from Banking/Finance-Industry-Economic Times https://ift.tt/2Qk6H...

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Yes Bank committee to consider proposal to raise funds later this month

YES Bank to consider fund-raising The Capital Raising Committee of the board of directors of YES Bank will be meeting later this month to consider a from Business Line - Money & Banking https://ift.tt/2CFZE...

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Satya MicroCapital raises ₹34 cr from BlueOrchard Finance

Our BureauSatya MicroCapital has raised ₹34 crore from Swiss impact investment manager BlueOrchard Finance, which the microlender expects to use for from Business Line - Money & Banking https://ift.tt/2oUl7...

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Floods over, Kerala’s MFI sector now faces a dry spell

‘Challenge begins this month, as floods started after repayment cycle date’ from Business Line - Money & Banking https://ift.tt/2MeWM...

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Trade-deficit woes drag rupee to new lows

Indicators on the charts remain negative, suggesting the possibility of a further fall from Business Line - Money & Banking https://ift.tt/2N4LX...

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India Post Payments Bank: How IPPB could be game changer for micro enterprises

The India Post Payments Bank (IPPB) was set up under the Department of Posts, Ministry of Communication, and formally launched by Prime Minister Narendra Modi on September 1, 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N47h...

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India Post Payments Bank: How IPPB could be game changer for micro enterprises

The India Post Payments Bank (IPPB) was set up under the Department of Posts, Ministry of Communication, and formally launched by Prime Minister Narendra Modi on September 1, 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N47h...

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Corporate Affairs Ministry summons Deepak Kochhar in ICICI Bank controversy

NuPower Renewables and NuPower Wind Farms are among the six companies whose books are being inspected by the ministry. from Banking/Finance-Industry-Economic Times https://ift.tt/2oWtO...

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Google ready to comply with RBI norms for payment services, says official

Amid concern around data security, the Reserve Bank of India is learnt to have asked payment services firms to provide an update on action taken by them to store transaction data in the country in every fortnight. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CNnb...

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Rupee cracks below 72-mark, hits new closing low of 72.45

Heavy speculative dollar demand along with panic among importers sent the domestic currency tumbling by a sharp 94 paise to hit a historic low of 72.67 in mid-morning trade, triggering the central bank intervention to defend the currency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O2kk...

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Societe Generale appoints Sunil Shah as CEO of India, Romania units

Societe Generale, French financial services major, has appointed Sunil Shah as chief executive officer of the company’s solution global solution centres in India and Romania. from Banking/Finance-Industry-Economic Times https://ift.tt/2O2yx...

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Market plunge wipes out Rs 1.96 lakh crore from investor wealth

From the Sensex basket, 26 stocks ended with losses led by Sun Pharma, Mahindra & Mahindra, Vedanta and IndusInd Bank. Among sectoral indices, the BSE auto fell the most by 1.75 per cent, followed by metal 1.74 per cent, energy 1.67 per cent and FMCG 1.65 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Nz8H...

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Re to hit 73 by March next; fiscal target to be breached: UBS

India is the only major emerging market having a negative balance of payments (BoP) and the pressure is expected to sustain, a Swiss brokerage said M from Business Line - Money & Banking https://ift.tt/2x6Y8...

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Abu Dhabi Investment, Singapore’s GIC in race to pick 25% stake in Reliance Home

Abu Dhabi Investment Authority, Singapore’s sovereign wealth fund GIC and Public Sector Pension Investment Board of Canada are in race to pick 25 per from Business Line - Money & Banking https://ift.tt/2x0gP...

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PNB fraud: ED sends reminder to Interpol for red corner notice against Mehul Choksi

Mehul Choksi is a diamond jewellery businessman and maternal uncle of Nirav Modi, the main accused in India's biggest financial scam running into over $2 billion in Punjab National Bank. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2oTuC...

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Worried about rupee, government mulls tapping NRIs

An official, on conditions of anonimity, said India’s reserves position was comfortable and authorities could take measures such as tapping overseas and other moves to plug the current account gap. In 2013, the central bank lured inflows of about $34 billion through discounted foreign-currency swaps, helping lift the rupee from a record low. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2x6ss...

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Bajaj Allianz launches critical illness cover

Bajaj Allianz Life Insurance Company has entered into the health insurance segment with the launch of a critical illness cover. Under the plan titled from Business Line - Money & Banking https://ift.tt/2CEyv...

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PNB scam: Interpol issues red corner notice against Nirav Modi’s sister

Interpol has issued a red corner notice against Purvi Modi, a Belgian national and billionaire jeweller Nirav Modi’s sister, in connection with the al from Business Line - Money & Banking https://ift.tt/2NZr1...

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LIC launches group insurance scheme for CDSL demat account holders

Life Insurance Corporation of India has signed an agreement with Central Depository Services (India) to provide group insurance coverage to all eligi from Business Line - Money & Banking https://ift.tt/2oUuf...

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ICICI Bank launches overdraft facility for MSMEs based on GST returns

Micro, small and medium enterprises will now be able to get quick overdraft of up to Rs 1 crore for working capital requirements, based on their goods from Business Line - Money & Banking https://ift.tt/2MijI...

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IPPB ties up with FSS to provide affordable, quality banking and payment services

India Post Payments Bank has tied up with Financial Software and Systems (FSS), a leading payments technology and transaction processing systems, to from Business Line - Money & Banking https://ift.tt/2MgiN...

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CARE Ratings downgrades IL&FS debt instruments, bank facilities

‘Lack of clarity on fund infusion, impending sizeable repayment obligations have deteriorated liquidity profile of the group’ from Business Line - Money & Banking https://ift.tt/2MfPV...

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Matter of concern: Bank deposit growth lags for a year

Double-digit growth in deposits has eluded banks for a year now with the rate of growth of households savings moderating and more surpluses finding their way into mutual funds. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qimi...

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Sustained weakening of rupee would be credit negative for Indian cos: Moody’s

Moody's Investor Service has cautioned that a sustained weakening of rupee would be credit negative for its rated Indian companies, particularly thos from Business Line - Money & Banking https://ift.tt/2wVDM...

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Matter of concern: Bank deposit growth lags for a year

Double-digit growth in deposits has eluded banks for a year now with the rate of growth of households savings moderating and more surpluses finding their way into mutual funds. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qimi...

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Matter of concern: Bank deposit growth lags for a year

Double-digit growth in deposits has eluded banks for a year now with the rate of growth of households savings moderating and more surpluses finding their way into mutual funds. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qimi...

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ICICI Bank CEO Chanda Kochhar, husband may get summons from Sebi soon

Sebi may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband Deepak with regards to a probe into alleged regulatory lapses in his business dealings, officials said on Sunday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2wUhI...

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New CEO Amitabh Chaudhry likely to find Axis Bank in a sweet spot

Axis had to hire a new CEO after the Reserve Bank of India turned down its proposal for another term for Shikha Sharma, the current chief of Axis. from Banking/Finance-Industry-Economic Times https://ift.tt/2Cz2b...

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Matter of concern: Bank deposit growth lags for a year

Double-digit growth in deposits has eluded banks for a year now with the rate of growth of households savings moderating and more surpluses finding their way into mutual funds. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qimi...

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Indian insurance to be $280 billion industry by 2019-20: Assocham

The Indian insurance industry is expected to grow to $280 billion by 2019-20, aided by the Centre's Ayushman Bharat health insurance scheme, industry chamber Assocham said on Sunday, citing a joint study conducted with research firm APAS. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1FJ...

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RBI issues new guidelines for note refund – How to reimburse Rs 2,000, Rs 500, other notes if mutilated

The Reserve Bank of India (RBI) on Friday made amendments to Reserve Bank of India (Note Refund) Rules, 2009. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2rm...

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HDFC Life simplifies claim settlement for flood-hit Kerala

HDFC Life said Sunday it has simplified the claim settlement process for life and health policies for customers in the flood-affected Kerala state. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oPMj...

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Indian insurance to be $280 billion industry by 2019-20: Assocham

The Indian insurance industry is expected to grow to $280 billion by 2019-20, aided by the Centre's Ayushman Bharat health insurance scheme, industry chamber Assocham said on Sunday, citing a joint study conducted with research firm APAS. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1FJ...

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RBI issues new guidelines for note refund – How to reimburse Rs 2,000, Rs 500, other notes if mutilated

The Reserve Bank of India (RBI) on Friday made amendments to Reserve Bank of India (Note Refund) Rules, 2009. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2rm...

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HDFC Life simplifies claim settlement for flood-hit Kerala

HDFC Life said Sunday it has simplified the claim settlement process for life and health policies for customers in the flood-affected Kerala state. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oPMj...

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Sebi may summon Kochhars soon; board to discuss coordinated efforts with govt, RBI

The cases under scanner include the significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of Kochhar's family members in the restructuring of that loan. from Banking/Finance-Industry-Economic Times https://ift.tt/2wTt6...

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Consumer finance firm Home Credit aims to break-even in India this fiscal

To raise funds via Commercial Paper in Indian market from Business Line - Money & Banking https://ift.tt/2NAJk...

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Axis Bank bets on Chaudhry’s vast experience

Private sector lender Axis Bank has appointed Amitabh Chaudhry, Managing Director and CEO of HDFC Life Insurance, as its Managing Director and CEO fol from Business Line - Money & Banking https://ift.tt/2QckT...

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Indian insurance to be $280 billion industry by 2019-20: Assocham

The Indian insurance industry is expected to grow to $280 billion by 2019-20, aided by the Centre's Ayushman Bharat health insurance scheme. from Banking/Finance-Industry-Economic Times https://ift.tt/2wT7v...

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