DHFL says Care reaffirms ratings on debt, other instruments

A day after its shares tumbled up to 42 per cent, DHFL Saturday said Care Ratings has reaffirmed credit ratings on its various instruments, including NCDs and long-term bank facilities.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QOOyXH

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IL&FS CEO Ramesh Bawa quits: All you need to know about financial crisis at conglomerate

IL&FS on Friday said that its managing director and chief executive officer Ramesh Bawa has resigned from his position. The resignation of Bawa has come amid tight liquidity situation at the group, even leading to defaults on interest payments.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PROLbc

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Market jitters show why investors wanted Rana Kapoor to continue as Yes Bank CEO

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OJmzY1

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J Packirisamy is new MD & CEO of Andhra Bank

J Packirisamy has assumed charge as Managing Director and Chief Executive Officer. He has been elevated from deputy managing director, mid corporate

from Business Line - Money & Banking https://ift.tt/2xGvOAO

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Economic Offences Wing busts loan racket in Delhi, PNB manager arrested

An investigation is on to unearth the details of the properties and assets acquired by misappropriation of the loan amount.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PU8VkQ

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Is another global financial crisis on the horizon?

It has been ten years since the fall of US-based investment bank Lehman Brothers which led to a global financial crisis in 2008. A glut of money in financial assets like stocks and bonds, dependence of emerging economies on dollar and US's monetary policy and an impending correction in markets mean the world may well be on verge of another such crisis.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2psoCo7

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RBI announces norms for co-origination of loans – All you need to know

The Reserve Bank of India (RBI) on Friday announced the co-origination model between banks and non-banking financial companies.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zmGBCe

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Smaller PSBs asked to consolidate operations, avoid fight with larger banks

The move comes close on the heels of the government’s proposal earlier this week to merge three state-run banks — Bank of Baroda, Vijaya Bank and Dena Bank — to create the country’s third-biggest lender.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MSxeOc

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RBI announces norms for co-origination of loans – All you need to know

The Reserve Bank of India (RBI) on Friday announced the co-origination model between banks and non-banking financial companies.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zmGBCe

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RBI announces norms for co-origination of priority sector loans by banks, NBFCs

The Reserve Bank Friday announced guidelines for co-origination of priority sector loans by banks and NBFCs with a view to enhancing flow of funds to the sector at competitive rates.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PXGvXr

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RBI slaps Yes Bank with Rs 38 crore over GST violations

Midsized private sector lender Yes Bank has paid Rs 38 crore in fines to the GST department for alleged violations in domestic remittances, officials said Friday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2prbYpq

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Half of retail bank customers unhappy with services: Report

At a time when non-traditional competition is posing a challenge to traditional banking services, a new Capgemini report on Friday showed that globally just half of the customers are satisfied with their banking experiences.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MUevSm

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P Chidambaram slams government for its ‘heavy-handed’ approach towards NPA

Senior Congress leader P Chidambaram Friday slammed the Modi government for its banking policy, saying due to its "heavy-handed" approach towards non-performing assets, banks have no money to lend.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ppuUVw

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Bank of India invites bids for stake sale in 3 associate companies, expects to raise nearly Rs 1,000 crore

State-run Bank of India (BoI) Friday invited bids for sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. 

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xCsGGk

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YES Bank, NBFC woes send markets reeling

Sensex plunges over 1,000 points intraday; DHFL tumbles 60%

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Financial creditors not part of CoC don’t have voting rights: IBBI

Such lenders can’t be counted as dissenting creditors, says the insolvency regulator

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ICICI Bank buys 8.85% stake in Avenues Payment

APIPL provides a global remittance platform catering to both Business-to-Consumer (B2C) and Business-to-Business (828) market segments.

from Banking/Finance-Industry-Economic Times https://ift.tt/2puiz2E

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3 reasons cited by RBI for sacking Rana Kapoor as CEO and now his board seat in jeopardy

ET Now learns from informed sources the RBI cited as many as three reasons for Rana Kapoor's removal.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NyfIUV

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PNB drags Lanco Vidarbha Thermal Power to NCLT

Lanco Vidarbha Thermal Power Limited, a subsidiary of Lanco Infratech Limited, now faces proceedings in the National Company Law Tribunal with the Pun

from Business Line - Money & Banking https://www.thehindubusinessline.com/companies/pnb-drags-lanco-vidarbha-thermal-power-to-nclt/article25009695.ece

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LIC in talks to trim ₹5,000-cr NCD investments in Tata Sons

Insurance behemoth may sell off part of the holdings above the mandated 15% immediately

from Business Line - Money & Banking https://ift.tt/2MR0EfD

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ICICI Bank to buy 8.9% of Avenues Payment for ₹10 cr

Our Bureau ICICI Bank said on Friday it will acquire an 8.85 per cent stake in Avenues Payment India Pvt Ltd for ₹10 crore in cash.Avenues provides a

from Business Line - Money & Banking https://ift.tt/2O27Zh3

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Online insurer Acko General promises 3-day claim guarantee

KR Srivats Acko General Insurance, an online insurance provider, has gone live with its comprehensive car and bike insurance product.The full-fledg

from Business Line - Money & Banking https://ift.tt/2PVNFvb

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RBI announces norms for co-origination of priority sector loans by banks, NBFCs

Our Bureau As part of the policy on co-origination of loans by banks and NBFCs to the priority sector, the RBI said on Friday NBFCs can recommend to b

from Business Line - Money & Banking https://ift.tt/2QNG17j

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Now, owner-drivers to get a minimum personal accident cover of ₹15 lakh

IRDAI enhances sum insured, fixes ₹750 p.a. premium

from Business Line - Money & Banking https://ift.tt/2NZxkIu

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YES Bank pays ₹32 crore in GST ‘under protest’

Our Bureau Private sector lender YES Bank, which is under a cloud after the RBI trimmed the term of its MD and CEO Rana Kapoor, has paid ₹38 crore in

from Business Line - Money & Banking https://ift.tt/2xNGk9J

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RBI sets the rule for joint priority sector lending

RBI told banks to share a maximum 80% credit risk when they originate priority sector loans jointly with NBFCs.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PRw9Ir

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India Post Payments Bank formalises agreement with Bajaj Allianz to sell life-insurance

Speaking about the need to enter a strategic tie-up with a third-party insurer, the state-run payments bank’s chief executive said, “We are a payments bank, so we are not licensed to sell insurance. That’s why we are tying-up with Bajaj Allianz.”

from Banking/Finance-Industry-Economic Times https://ift.tt/2xtotp6

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Yes Bank slapped with Rs 38 crore in GST fines for violating domestic remittances norms

A bank official, however, said the money has been paid "in protest" and the lender believes that it has not violated any norms.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MQ5oSV

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Fitch ups India's growth forecast to 7.8% for FY19

In its Global Economic Outlook, Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2psL0Of

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RBI slaps Yes Bank with Rs 38 crore over GST violations

Midsized private sector lender Yes Bank has paid Rs 38 crore in fines to the GST department for alleged violations in domestic remittances, officials said Friday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2prbYpq

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Half of retail bank customers unhappy with services: Report

At a time when non-traditional competition is posing a challenge to traditional banking services, a new Capgemini report on Friday showed that globally just half of the customers are satisfied with their banking experiences.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MUevSm

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P Chidambaram slams government for its ‘heavy-handed’ approach towards NPA

Senior Congress leader P Chidambaram Friday slammed the Modi government for its banking policy, saying due to its "heavy-handed" approach towards non-performing assets, banks have no money to lend.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ppuUVw

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Bank of India invites bids for stake sale in 3 associate companies, expects to raise nearly Rs 1,000 crore

State-run Bank of India (BoI) Friday invited bids for sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. 

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xCsGGk

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Small savings expected to be an attractive alternative to bank deposits, says ICRA

Credit rating agency ICRA expects small savings schemes to provide an attractive alternative to bank deposits in the coming months.After remaining un

from Business Line - Money & Banking https://ift.tt/2xoLtFJ

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Bank of India planning to raise at least Rs 1,000 cr through stake sale in STCI, SIDBI and ECIS

Bank of India (BoI) is planning to sell its stake in three of its associate companies --- STCI Finance Ltd, Small Industries Development Bank of India

from Business Line - Money & Banking https://ift.tt/2PQwPOf

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Yes Bank stock nosedives 34%, m-cap erodes by over Rs 14k cr

After a weak opening, shares of the company further plunged 34 per cent to Rs 210.10 -- its 52-week low -- on BSE. The stock closed 28.71 per cent lower at 227.05 on the BSE index.

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

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Hike in small savings rates may help government trim market borrowing

The government expects that rate hike in small savings schemes will make them attractive alternatives to bank deposits in the coming months. This may result in the government announcing a market borrowing programme for the second half of FY19, which may be smaller than what has been expected so far by the markets

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QL0hql

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Bank of India invites bids for stake sale in 3 associate companies, expects to raise nearly Rs 1,000 crore

State-run Bank of India (BoI) Friday invited bids for sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. 

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xCsGGk

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India may receive $25-30 bn as World Bank backs high middle-income nation transition

The five-year Country Partnership Framework (CPF) for India is aimed at supporting the country's transition to a higher middle-income country. The framework will address some of India's key development priorities -- resource efficient and inclusive growth, job creation and building its human capital.

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

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Yes Bank stock plunges 32% in early trade as CEO Rana Kapoor asked to leave

Shares of private lender Yes Bank as much as 31.7 per cent to Rs 218.10 on the NSE, their steepest percentage plunge since January 2008. On Wednesday, RBI curtailed the term of Yes Bank's founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DkdR1b

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Yes Bank's Rana Kapoor falls foul of bad-debt battle

Both Axis and Yes Bank have stood out from their peers in the wake of the RBI’s stricter disclosure standards for bad loans introduced in April 2017.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QKGvuW

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Supreme Court stays Mack Soft insolvency; ED probes money laundering

Quinn group, through IBRC, contested the majority ownership of Mecon FZE in Mack Soft Tech before certain Indian civil courts, where the cases are still pending.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NwtgAh

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RBI to form regulatory sandbox for fintech, set up data science lab

It has set up an inter-regulatory working group to study regulatory issues relating to fintech and digital banking in India.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NW6xgl

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Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

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SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

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Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

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Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

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India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

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India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

Read more »

Government appoints 14 executive directors in banks

As many as 14 general managers have been appointed as executive directors in different public sector banks, according to an official order issued Thursday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MMAJFP

Read more »

SBI not right candidate to take over more banks, says Chairman Rajnish Kumar

The country's largest lender State Bank of India Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pnuzCU

Read more »

India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

Read more »

India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

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Muthoot Fincorp rejigs gold loan portfolio; launches EMI schemes

Muthoot Fincorp, flagship company of the diversified Muthoot Pappachan Group (MPG), has announced the revamp of its entire gold loan portfolio.The ne

from Business Line - Money & Banking https://ift.tt/2NWRDGr

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India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

Read more »

India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

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Centre appoints EDs for 14 public sector banks

Our Bureau The Centre has elevated as many as 14 General Managers to the post of Executive Directors in various public sector banks (PSBs).It has now

from Business Line - Money & Banking https://ift.tt/2QG0Y49

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‘SEBI rule will drive ₹50,000 cr more corporate bond issuances in 5 years’

Our Bureau Additional corporate bond issuances of ₹40,000-50,000 crore are likely over the next five years due to SEBI’s move to shift a quarter of

from Business Line - Money & Banking https://ift.tt/2xzlKJX

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Plethora of promotions from SBI to other PSBs has bankers worried

K Ram Kumar With the Centre reposing a lot of trust in top SBI officials to helm public sector banks (PSBs), they will be keenly watched — on how the

from Business Line - Money & Banking https://ift.tt/2xq5oEj

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SBI hopes to resolve 7-8 stressed power assets by Nov 11: Chairman

The RBI framework provided for a strict timeline for resolution of these bad loans where debt is Rs 2,000 crore or more.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MQYlZW

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India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

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Hero’s insurance arm gets broking licence

Our Bureau Hero Insurance Broking India Pvt Ltd, part of Hero Enterprise, has received a three-year licence from the Insurance Regulatory and Developm

from Business Line - Money & Banking https://ift.tt/2QKnJ6O

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India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

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All eyes on YES Bank’s succession plan post Rana Kapoor

Surabhi/K Ram Kumar The RBI’s decision to cut down the term of YES Bank MD and CEO Rana Kapoor has left many in the industry surprised even as questio

from Business Line - Money & Banking https://ift.tt/2QLqPaP

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India Post invites proposal for consultancy on setting up insurance arm

India Post has invited bids to appoint consultant for consultancy on setting up separate insurance services arm, according to official sources.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xATlmG

Read more »

Government appoints 14 executive directors in banks

Shanti Lal Jain and Vikramaditya Singh Khichi have been appointed as executive directors in the Bank of Baroda initially for a period of three years, it said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PN95dU

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Preventive vigilance would work best in PSBs, says RBI Governor

‘It’s more effective than detective and punitive measures’

from Business Line - Money & Banking https://ift.tt/2MNkzMF

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Microfinance industry may see greater consolidation as M&A activity expected to gain momentum

The trend of larger financial services players acquiring micro finance entities is expected to gain momentum, considering the growth prospects in the MF space and the overall bad loans scenario for large banks.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OHYLnv

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SBI not right candidate to take over more banks, says chairman

On Monday, 'Alternative Mechanism' (AM) headed by finance minister Arun Jaitley decided to merge three banks with a view to create global size lender, which will be stronger and sustainable.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xlU8sv

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Corporation Bank in pact with NeSL

Corporation Bank has signed an information utility (IU) agreement with National e-Governance Services Ltd (NeSL), the first IU registered with the I

from Business Line - Money & Banking https://ift.tt/2NrUeZK

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Microfinance industry may see greater consolidation as M&A activity expected to gain momentum

The trend of larger financial services players acquiring micro finance entities is expected to gain momentum, considering the growth prospects in the MF space and the overall bad loans scenario for large banks.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OHYLnv

Read more »

Microfinance industry may see greater consolidation as M&A activity expected to gain momentum

The trend of larger financial services players acquiring micro finance entities is expected to gain momentum, considering the growth prospects in the MF space and the overall bad loans scenario for large banks.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OHYLnv

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NBFC Fullerton to expand rural portfolio, secured lending

Shobha Roy Fullerton India Credit Company is looking to tap the rural markets in Jharkhand, Assam, Punjab and Kerala over the next one-two years. Th

from Business Line - Money & Banking https://ift.tt/2MR7gLf

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Mallikarjuna Rao takes over as MD and CEO of Allahabad Bank

CH SS Mallikarjuna Rao has taken charge as the MD and CEO of Allahabad Bank effective September 19. He was earlier Executive Director of Syndicate Ban

from Business Line - Money & Banking https://ift.tt/2pqerRa

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SBI not right candidate to take over more banks: Chairman

SBI last year merged with itself five of its subsidiary banks and taking over Bharatiya Mahila Bank, catapulting it to be among top 50 global lenders.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MTP4Ra

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Hero Enterprise enters insurance broking business

After the mew license, insurance business of Sunil Kant Munjal-promoted Hero Enterprise, currently carried out by Hero Corporate will migrate to Hero Broking.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NWh6A0

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BoB, Vijaya Bank, Dena Bank merger may cause short-term spurt in bad assets: Report

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DgVI4d

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Indian economy to reach $5 trillion-mark by 2022: PM Modi

Speaking at the foundation laying ceremony of India International Convention and Expo Centre, PM Modi cited this week's announcement of merger of Dena Bank, Vijaya Bank and Bank of Baroda to create the country's third largest lender to say that the government will not shy away from taking tough decisions in the national interest.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ppG38S

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ICICI Bank to raise funds overseas this fiscal

ICICI Bank plans to raise funds through overseas instruments this fiscal, for which its board will meet on September 24. “It will consider offshore f

from Business Line - Money & Banking https://ift.tt/2xAeJIK

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India Post invites proposal for consultancy on setting up insurance arm

"All known players- Boston Consulting Group, PricewaterhouseCoopers, Ernst and Young, KMPG, Deloitte India etc were present," the source said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QMrcSl

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India set to pay for Iranian oil using rupee from November: Sources

Sources said India has selected UCO Bank and IDBI Bank for facilitating payment to Iran. Indian refiners are currently using State Bank of India and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros.

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

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Moody’s affirms Yes Bank’s ratings; outlook stable

Moody’s Investors Service on Thursday affirmed the ratings of YES Bank, a day after RBI curtailed term of the mid-size private lender’s promoter chie

from Business Line - Money & Banking https://ift.tt/2MQPIia

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South African Life Healthcare Group to exit Max Healthcare for Rs 2,120 cr

South Africa-based Life Healthcare Group Holdings has decided to sell its entire 49.70 per cent stake in Max Healthcare to Kohlberg Kravis Roberts &

from Business Line - Money & Banking https://ift.tt/2DgyJX8

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Govt hikes interest rate on small savings by up to 0.4%

PPF, NSC to offer 8%

from Business Line - Money & Banking https://ift.tt/2xwYn3G

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Oh yes, you lost your CEO, for greater good: Why RBI said no to a full-term for Rana Kapoor

Kapoor earned the ire of the RBI by wrongly classifying loans he should have counted as nonperforming.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MOW9lE

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Companies Act vs IBC: Govt must resolve conflict between two laws: Bankers

Suggest amendment to the Companies Act that allows defaulting promoters to take over their assets.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ddhi9E

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PSBs losing MSME market pie to private banks, NBFCs

Public sector banks (PSBs) continue to lose MSME market share to private banks and NBFCs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Nm3K0l

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Securing banking with the chain act

Whether it is the Federal Information Processing Standard (FIPS) 202 that banks in the US have been mandated to implement, or the unified data access provision being introduced by the RBI in India, regulatory and industry bodies are implementing permanent controls to avoid having to take retaliatory actions in the face of rising threats.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1lk9C

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Finance minister to meet heads of public sectors banks next week

Finance minister Arun Jaitley will meet the heads of public sectors banks (PSBs) next week as part of the annual financial performance review exercise.

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

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Rupee to stay in 70s in 2018 as current account deficit worsens: HSBC

HSBC has forecast that the rupee will settle down at around 73 by the end of 2018 and weaken further to 74 by mid-2019. ​​​The bank has also red-flagged the rising current account deficit (CAD), which according to the bank is the biggest worry on the macroeconomic front.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MN82IU

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Companies Act vs IBC: Govt must resolve conflict between two laws: Bankers

Suggest amendment to the Companies Act that allows defaulting promoters to take over their assets.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ddhi9E

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PSBs losing MSME market pie to private banks, NBFCs

Public sector banks (PSBs) continue to lose MSME market share to private banks and NBFCs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Nm3K0l

Read more »

Securing banking with the chain act

Whether it is the Federal Information Processing Standard (FIPS) 202 that banks in the US have been mandated to implement, or the unified data access provision being introduced by the RBI in India, regulatory and industry bodies are implementing permanent controls to avoid having to take retaliatory actions in the face of rising threats.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1lk9C

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Govt appoints 10 public sector bank chiefs

The government on Wednesday appointed 10 public sector bank chiefs, including five from State Bank of India, as it sought to fill up key posts, some of which were vacant for over eight months. The list includes SBI deputy managing director Karnam Sekar as the new chief of Dena Bank.

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

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RBI allows Rana Kapoor to continue as Yes Bank CEO till January, 2019

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xCPJk4

Read more »

Securing banking with the chain act

Whether it is the Federal Information Processing Standard (FIPS) 202 that banks in the US have been mandated to implement, or the unified data access provision being introduced by the RBI in India, regulatory and industry bodies are implementing permanent controls to avoid having to take retaliatory actions in the face of rising threats.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1lk9C

Read more »

Companies Act vs IBC: Govt must resolve conflict between two laws: Bankers

Suggest amendment to the Companies Act that allows defaulting promoters to take over their assets.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ddhi9E

Read more »

PSBs losing MSME market pie to private banks, NBFCs

Public sector banks (PSBs) continue to lose MSME market share to private banks and NBFCs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Nm3K0l

Read more »

Securing banking with the chain act

Whether it is the Federal Information Processing Standard (FIPS) 202 that banks in the US have been mandated to implement, or the unified data access provision being introduced by the RBI in India, regulatory and industry bodies are implementing permanent controls to avoid having to take retaliatory actions in the face of rising threats.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1lk9C

Read more »

Securing banking with the chain act

Whether it is the Federal Information Processing Standard (FIPS) 202 that banks in the US have been mandated to implement, or the unified data access provision being introduced by the RBI in India, regulatory and industry bodies are implementing permanent controls to avoid having to take retaliatory actions in the face of rising threats.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1lk9C

Read more »

Securing banking with the chain act

Whether it is the Federal Information Processing Standard (FIPS) 202 that banks in the US have been mandated to implement, or the unified data access provision being introduced by the RBI in India, regulatory and industry bodies are implementing permanent controls to avoid having to take retaliatory actions in the face of rising threats.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1lk9C

Read more »

Securing banking with the chain act

Whether it is the Federal Information Processing Standard (FIPS) 202 that banks in the US have been mandated to implement, or the unified data access provision being introduced by the RBI in India, regulatory and industry bodies are implementing permanent controls to avoid having to take retaliatory actions in the face of rising threats.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O1lk9C

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Modi government appoints MDs, CEOs in ten nationalised banks – Here are names, banks details

Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued Wednesday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NUamlZ

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RBI allows Rana Kapoor to continue as Yes Bank MD, CEO till January-end

The Reserve Bank has allowed Rana Kapoor to continue as Yes Bank MD and CEO till January 31, 2019, the bank said Wednesday in a regulatory filing.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ODqXI3

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ICICI Bank, other related entities have not filed for settlement, says Sebi

Regulator Sebi clarified on Wednesday that it has not received any settlement application from ICICI Bank or any other entity with respect to the probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MOFQpj

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Modi government appoints MDs, CEOs in ten nationalised banks – Here are names, banks details

Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued Wednesday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NUamlZ

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RBI allows Rana Kapoor to continue as Yes Bank MD, CEO till January-end

The Reserve Bank has allowed Rana Kapoor to continue as Yes Bank MD and CEO till January 31, 2019, the bank said Wednesday in a regulatory filing.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ODqXI3

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ICICI Bank, other related entities have not filed for settlement, says Sebi

Regulator Sebi clarified on Wednesday that it has not received any settlement application from ICICI Bank or any other entity with respect to the probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MOFQpj

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Modi government appoints MDs, CEOs in ten nationalised banks – Here are names, banks details

Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued Wednesday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NUamlZ

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RBI allows Rana Kapoor to continue as Yes Bank MD, CEO till January-end

The Reserve Bank has allowed Rana Kapoor to continue as Yes Bank MD and CEO till January 31, 2019, the bank said Wednesday in a regulatory filing.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ODqXI3

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ICICI Bank, other related entities have not filed for settlement, says Sebi

Regulator Sebi clarified on Wednesday that it has not received any settlement application from ICICI Bank or any other entity with respect to the probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MOFQpj

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Life insurers seek separate investment window in income-tax deduction

Propose an annual tax deduction of ₹50,000 other than Section 80C cap

from Business Line - Money & Banking https://ift.tt/2PLMD4T

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RBI trims Rana Kapoor's term as Yes Bank CEO

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

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Turnaround time for MSMEs improves to 26 days in 2018

Our BureauThe average turnaround time (TAT) for a micro, small and medium enterprise (MSME) to take credit improved to 26 days in 2018 from 29 days

from Business Line - Money & Banking https://ift.tt/2xm4PLK

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NBFC-MFIs turn favourites for lenders in debt funding

Portfolio growth and healthy repayments are key drivers

from Business Line - Money & Banking https://ift.tt/2PRsTgm

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Satin Creditcare plans to launch MFI business in Tamil Nadu next month

SurabhiMicrofinance company Satin Creditcare Network is set to foray into South India, starting with Tamil Nadu from next month. The move is part of

from Business Line - Money & Banking https://ift.tt/2xpn2Il

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IL&FS’ liquidity woes credit-negative for banks and debt market: Moody’s

Our BureauMoody’s Investor Services, on Wednesday, said rising liquidity worries at ailing Infrastructure Leasing and Financial Services (IL&FS)

from Business Line - Money & Banking https://ift.tt/2PRsPNE

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Rana Kapoor to serve as YES Bank CEO till Jan 31

Lender’s board to meet on Sept 25 to decide on future action plan

from Business Line - Money & Banking https://ift.tt/2xpmUIR

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FinMin may ask IBA to speed up wage deal

Bank merger may necessitate voluntary retirement

from Business Line - Money & Banking https://ift.tt/2PQg5GH

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Government appoints MDs, CEOs in 10 nationalised banks

They are among 10 MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.

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

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Govt appoints MDs, CEOs in ten nationalised banks

Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI.

from Banking/Finance-Industry-Economic Times https://ift.tt/2pnrXoI

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RBI allows Rana Kapoor continue as Yes Bank MD, CEO till January-end

His present term ended on August 31. However, the RBI had allowed him to continue till further notice.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MKtI8J

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BoB, Dena, Vijaya Bank merger to up operating efficiencies: Report

The government Monday said BoB, Vijaya Bank and Dena Bank will be merged to create the country's third largest lender.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QHYhir

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SBI to raise $500 million in first green bond sale

With this issue SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative, a global not-for-profit investor-focused organisation. According to Bank of America-Merrill Lynch, the domestic green bond market has a $125-billion opportunity by 2025.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xoB7Wj

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Risk-averse banks drying up loans for highway projects

India’s plan to modernise the highways network requires billions of dollars of investment but the worst bad-loan ratio after Italy among the world’s 20 largest economies has led bankers to shy away from this sector.

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

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Nitin Gadkari blames banks for stalled infrastructure projects; says, need lending support

Loans to road contractors and bank guarantees for projects have dried up, threatening to stall India’s plans to build more than 84,000 kilometers (52,195 miles) of roads by 2022.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MI5DiB

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Bank of Baroda, Dena Bank, Vijaya Bank merger stuns market; listed banks lose Rs 20,000 crore in market value

Modi government has been seeking to clean up its banking system, with half of the firms in the public sector already in the central bank’s intensive-care program.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NlvRNc

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Nitin Gadkari blames banks for stalled infrastructure projects; says, need lending support

Loans to road contractors and bank guarantees for projects have dried up, threatening to stall India’s plans to build more than 84,000 kilometers (52,195 miles) of roads by 2022.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MI5DiB

Read more »

Bank of Baroda, Dena Bank, Vijaya Bank merger stuns market; listed banks lose Rs 20,000 crore in market value

Modi government has been seeking to clean up its banking system, with half of the firms in the public sector already in the central bank’s intensive-care program.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NlvRNc

Read more »

Nitin Gadkari blames banks for stalled infrastructure projects; says, need lending support

Loans to road contractors and bank guarantees for projects have dried up, threatening to stall India’s plans to build more than 84,000 kilometers (52,195 miles) of roads by 2022.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MI5DiB

Read more »

Bank of Baroda, Dena Bank, Vijaya Bank merger stuns market; listed banks lose Rs 20,000 crore in market value

Modi government has been seeking to clean up its banking system, with half of the firms in the public sector already in the central bank’s intensive-care program.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NlvRNc

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Satya MicroCapital to raise Rs 40 cr via NCDs

Micro finance company Satya MicroCapital plans to raise Rs 40 crore from responsAbility, a managed private debt fund focussing on micro and SME financ

from Business Line - Money & Banking https://ift.tt/2xmv1po

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India Post Payments Bank formalises agreement with Bajaj Allianz to sell life-insurance

Speaking about the need to enter a strategic tie-up with a third-party insurer, the state-run payments bank’s chief executive said, “We are a payments bank, so we are not licensed to sell insurance. That’s why we are tying-up with Bajaj Allianz.”

from Banking/Finance-Industry-Economic Times https://ift.tt/2pm184i

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AIBEA opposed to employee stock purchase scheme

The All India Bank Employees' Association has said that it is opposed to the share sale of public sector banks’ capital to employees as it sees this

from Business Line - Money & Banking https://ift.tt/2PNv6ZT

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Bank of Baroda chief may not be able to drive merger

The merger of three public sector banks may not result in an automatic extension for Bank of Baroda (BoB) managing director and chief executive P S Jayakumar, whose term is due to end next month.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2D9Ktud

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Blackstone makes all-cash offer for PNB Housing Finance

“Blackstone is the only bidder to have expressed its intention to pay an all-cash deal to buy out PNB Housing Finance,” said a source close to the development.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MKL2KO

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Third back-to-back repo rate hike on the cards?

Investors have increased bets that RBI will need to raise interest rates further as heavy central bank intervention has not meaningfully slowed the weakening trend of rupee. Rupee has been punished for the country’s widening trade gap and swept into the broader emerging market turmoil

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xzc81G

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Liquidity woes at IL&FS are credit negative for banks, debt market: Moody’s

Moody’s Investor Services has said that rising liquidity worries at ailing IL&FS are credit negative for banks and debt market.“The group's repay

from Business Line - Money & Banking https://ift.tt/2OyOjyk

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Bank of India puts 45 bad loan accounts worth Rs 8800 crore on sale

The bank has also for the first time put on block several accounts on its overseas books, such as Essar Steel and Amtek Auto.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PPbGUI

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There are benefits for all in the merger: PS Jayakumar

The issue is whether Bank of Baroda will get distracted to the point that growth and transformational journey that we have undertaken will come to a standstill.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PIgye6

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PS Jayakumar likely to get extension to oversee Bank of Baroda merger

The government has also exempted the consolidation among PSBs from the scrutiny of the competition watchdog, the Competition Commission of India.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NobUW6

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Bank merger: Analysts flag integration issue

While the combined entity will be the third-largest bank in terms of loans of Rs 6.4 lakh crore and the second largest in terms of deposits of Rs 8.41 lakh crore, analysts worry about integration issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xsO40w

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IL&FS: The story of an implosion

As the nation built thousands of kilometres of roads, scores of power plants and ports by acquiring private land, the debate about fair compensation or sharing the prosperity of infrastructure began to rage.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PKRkf6

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Bank merger: Will there be a new name, too?

On Monday, the government proposed the merger of these banks to create the country’s third-biggest lender.

from Banking/Finance-Industry-Economic Times https://ift.tt/2xro6u8

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Bank merger: Analysts flag integration issue

While the combined entity will be the third-largest bank in terms of loans of Rs 6.4 lakh crore and the second largest in terms of deposits of Rs 8.41 lakh crore, analysts worry about integration issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xsO40w

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Bank merger: How government worked out the marriage

Vijaya Bank is the only profit-making staterun bank and the only one that paid a dividend to the government in 2017-18.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MKvg2n

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Law firm, Cyril Amarchand Mangaldas, under scanner in PNB fraud probe

PNB alleged that billionaire diamond jeweller Nirav Modi and his uncle had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/2pla3Tv

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Boards of Bank of Baroda, Vijaya Bank & Dena Bank will meet to thrash out details

On Monday evening, the finance ministry directed the top management of three banks to approve a proposal of amalgamation at their respective board meetings.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MIwACU

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Bank merger: Analysts flag integration issue

While the combined entity will be the third-largest bank in terms of loans of Rs 6.4 lakh crore and the second largest in terms of deposits of Rs 8.41 lakh crore, analysts worry about integration issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xsO40w

Read more »

Bank merger: Analysts flag integration issue

While the combined entity will be the third-largest bank in terms of loans of Rs 6.4 lakh crore and the second largest in terms of deposits of Rs 8.41 lakh crore, analysts worry about integration issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xsO40w

Read more »

Bank merger: Analysts flag integration issue

While the combined entity will be the third-largest bank in terms of loans of Rs 6.4 lakh crore and the second largest in terms of deposits of Rs 8.41 lakh crore, analysts worry about integration issues.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xsO40w

Read more »

ICICI Bank has replied to show cause notice, says markets regulator Sebi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PL70PC

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ICICI Bank has replied to show cause notice, says markets regulator Sebi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PL70PC

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ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

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New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

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SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

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ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

Read more »

New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

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SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

Read more »

ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

Read more »

New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

Read more »

SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

Read more »

ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

Read more »

New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

Read more »

SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

Read more »

ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

Read more »

New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

Read more »

SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

Read more »

ICICI Bank has replied to show cause notice, says markets regulator Sebi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PL70PC

Read more »

ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

Read more »

New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

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SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

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ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

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New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

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SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

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PNB shareholders approve ESPS scheme; Rs 2,816 crore capital infusion by government

Shareholders of Punjab National Bank (PNB) Tuesday cleared proposal for selling 10 crore equity shares to the employees of the bank and Rs 2,816 crore capital infusion by the government.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PObViT

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ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

Read more »

New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

Read more »

SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

Read more »

ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief Ajay Tyagi

Markets regulator Sebi Tuesday said that the ICICI Bank has replied to its show cause notice with respect to a probe into alleged regulatory lapses involving its CEO Chanda Kochhar, her husband and his business dealings.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xtq1P8

Read more »

New entity post banks’ merger to be operational from April 1

The new entity to be formed with the merger of Bank of Baroda, Vijaya Bank and Dena Bank will be operational in the beginning of the next financial year, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xxlLhg

Read more »

SBI to install solar panels over 10,000 ATMs in two years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QGRRzX

Read more »

PNB shareholders approve ESPS scheme; Rs 2,816 crore capital infusion by government

Shareholders of Punjab National Bank (PNB) Tuesday cleared proposal for selling 10 crore equity shares to the employees of the bank and Rs 2,816 crore capital infusion by the government.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PObViT

Read more »

Will next merger candidates be from east?

As many as 11 banks have been placed under RBI’s prompt corrective measures for their high sticky loans.

from Banking/Finance-Industry-Economic Times https://ift.tt/2PMonPV

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