IL&FS appoints Alvarez & Marsal for restructuring

Addressing the media post the AGM, he said that the board took four important decisions today. from Banking/Finance-Industry-Economic Times https://ift.tt/2N9j3...

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Bandhan Bank to explore strategic acquisitions to pare promoter stake

Bank management told them that promoters may also sell their holdings directly in the secondary market if inorganic route does not work out fast from Banking/Finance-Industry-Economic Times https://ift.tt/2y8Bj...

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Vijaya Bank board approves merger proposal with Bank of Baroda, Dena Bank

Govt announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country's second-largest PSU lender by assets and branches. from Banking/Finance-Industry-Economic Times https://ift.tt/2On9M...

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IFIN again reports default in debt repayment obligations

The debt default saga continues at the debt-laden IL&FS group, with a subsidiary, IL&FS Financial Services Ltd (IFIN), on Saturday disclosing from Business Line - Money & Banking https://ift.tt/2DDfg...

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China to keep 'prudent' monetary policy amid trade war

The yuan's exchange rate and market expectations remain generally stable, giving the world's second largest economy a stronger ability to counter external shocks, the People's Bank of China said after its third-quarter monetary policy committee meeting, according to the official Xinhua news agency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QiiS...

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Probe PM's role in IL&FS crisis: Congress

 The Congress, citing the crisis in Infrastructure Leasing & Financial Services Limited (IL&FS), has alleged that Prime Minister Narendra Modi from Business Line - Money & Banking https://ift.tt/2xZfT...

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IL&FS AGM: LIC, Orix, SBI to subscribe to rights issue worth Rs 4,500 crore to revive debt-struck group

In a major breather to the crippled infra lender and engineering group IL&FS, its largest shareholders LIC and Orix Corp and also SBI Saturday announced they would subscribe to the proposed Rs 4,500 crore rights issue of the company. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGxo...

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IL&FS AGM: LIC, Orix, SBI to subscribe to rights issue worth Rs 4,500 crore to revive debt-struck group

In a major breather to the crippled infra lender and engineering group IL&FS, its largest shareholders LIC and Orix Corp and also SBI Saturday announced they would subscribe to the proposed Rs 4,500 crore rights issue of the company. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGxo...

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Max Life to see leadership change from Jan 1

Executive Vice-Chairman & MD, Rajesh Sud, to hand over reins to Sr. Director & CFO, Prashant Tripathy from Business Line - Money & Banking https://ift.tt/2OXHg...

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IL&FS AGM: LIC, Orix, SBI to subscribe to rights issue worth Rs 4,500 crore to revive debt-struck group

In a major breather to the crippled infra lender and engineering group IL&FS, its largest shareholders LIC and Orix Corp and also SBI Saturday announced they would subscribe to the proposed Rs 4,500 crore rights issue of the company. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGxo...

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An aggressive RBI is giving India's errant banks a hard time

Shape up or ship out. That's the stern message the RBI is sending to those who refuse to play by rules. from Banking/Finance-Industry-Economic Times https://ift.tt/2zDrG...

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LIC, Orix, SBI to subscribe to Rs 4,500cr IL&FS rights issue

RBI had met the large shareholders to decide on revival and capital infusion plans for the company from Business Line - Money & Banking https://ift.tt/2DBrc...

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IL&FS to get Rs 4,500 cr breather from LIC, others

It can be noted that the Reserve Bank of India (RBI) has reportedly asked LIC and Orix not to infuse more capital into the company, a systematically important NBFC, at a meeting held Friday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xYH9...

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Non-compliance: Bandhan Bank barred from opening new branches

RBI has asked Bandhan Bank to stop opening new branches while also freezing chief executive officer Chandra Shekhar Ghosh’s salary. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGjh...

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Non-compliance: Bandhan Bank barred from opening new branches

RBI has asked Bandhan Bank to stop opening new branches while also freezing chief executive officer Chandra Shekhar Ghosh’s salary. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGjh...

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Non-compliance: Bandhan Bank barred from opening new branches

RBI has asked Bandhan Bank to stop opening new branches while also freezing chief executive officer Chandra Shekhar Ghosh’s salary. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGjh...

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Non-compliance: Bandhan Bank barred from opening new branches

RBI has asked Bandhan Bank to stop opening new branches while also freezing chief executive officer Chandra Shekhar Ghosh’s salary. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGjh...

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Non-compliance: Bandhan Bank barred from opening new branches

RBI has asked Bandhan Bank to stop opening new branches while also freezing chief executive officer Chandra Shekhar Ghosh’s salary. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DGjh...

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Help IL&FS avoid more defaults, RBI tells two of its largest investors

While RBI met LIC and ORIX Corp officials, it cancelled a meet with other shareholders. from Banking/Finance-Industry-Economic Times https://ift.tt/2y1Yn...

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Worried regulator tells insurance firms to declare exposure to IL&FS

IRDAI wants early assessment of both debt and equity exposure to prevent contagion risk. from Banking/Finance-Industry-Economic Times https://ift.tt/2OjUl...

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Curbs on Bandhan Bank for not cutting owner's holding

Under the new guidelines issued in 2013, Bandhan Bank was to achieve public listing of shares and bring down the promoter shareholding to 40% within three years of starting operations. from Banking/Finance-Industry-Economic Times https://ift.tt/2N5UH...

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India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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IDBI board to consider allotment of 51% shares to LIC on October 4

State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Om0d...

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India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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IDBI board to consider allotment of 51% shares to LIC on October 4

State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Om0d...

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India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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IDBI board to consider allotment of 51% shares to LIC on October 4

State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Om0d...

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India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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IDBI board to consider allotment of 51% shares to LIC on October 4

State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Om0d...

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RBI slaps Rs 5 crore penalty on Karur Vysya Bank

The Reserve Bank of India has imposed a penalty of Rs 5 crore on Karur Vysya Bank for non-compliance of its directives. from Banking/Finance-Industry-Economic Times https://ift.tt/2R9d7...

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India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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IDBI board to consider allotment of 51% shares to LIC on October 4

State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Om0d...

Read more »

India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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IDBI board to consider allotment of 51% shares to LIC on October 4

State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Om0d...

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Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

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India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

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Digital payments platform Instamojo to roll out GST-filing services

Aims to double customer base to 10 lakh by March from Business Line - Money & Banking https://ift.tt/2DEHH...

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Despite ruling, unique ID will continue to simplify KYC

 Even though your bank can no longer insist you submit Aadhaar number, the unique identity number will continue to be relevant as a key parameter for from Business Line - Money & Banking https://ift.tt/2NPZK...

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After IL&FS crisis, RBI could cancel licences of 1,500 NBFCs, warn experts

 India’s burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation’s financial markets in t from Business Line - Money & Banking https://ift.tt/2QhBz...

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Aadhaar: Most insurers awaiting IRDAI guidance after Supreme Court ruling

Seek clarity on handling of stored data from Business Line - Money & Banking https://ift.tt/2NPZE...

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India’s external debt declines 2.8% to USD 514.4 billion at end-June, says RBI

India's external debt declined 2.8 per cent to USD 514.4 billion at June-end over the previous quarter on account of a decrease in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits, the RBI said Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qfkf...

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IDBI board to consider allotment of 51% shares to LIC on October 4

State-owned IDBI Bank said Friday its board will meet next week to consider preferential allotment of up to 51 per cent shares to insurance behemoth LIC to acquire the debt ridden bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Om0d...

Read more »

Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

Read more »

Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

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RBI bars Bandhan Bank from opening branches

Lender rapped for not trimming promoter holding to 40% from Business Line - Money & Banking https://ift.tt/2xLme...

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Karnataka Bank hikes deposit rate

Karnataka Bank has increased the interest rates on its domestic and NRE rupee term deposits by 10 basis points. A press release by the bank said here from Business Line - Money & Banking https://ift.tt/2Ir3Q...

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RBI issues norms for urban coop banks becoming SFBs

The Reserve Bank of India, on Thursday, said urban cooperative banks (UCBs) with minimum net worth of ₹50 crore and maintaining capital to risk (weigh from Business Line - Money & Banking https://ift.tt/2NQOR...

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IDBI board to meet on Oct 4 to consider allotment of 51 per cent stake to LIC

IDBI Bank on Friday said its board will meet on October 4 to consider preferential allotment of equity shares aggregating to 51 per cent of the post-i from Business Line - Money & Banking https://ift.tt/2Impo...

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SBI to review its exposure to NBFCs

State Bank of India is reviewing its exposure to non-banking finance companies (NBFCs). According to Sujit Kumar Varma, Deputy Managing Director, Corp from Business Line - Money & Banking https://ift.tt/2NRvW...

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Aadhaar: Most insurers awaiting IRDAI guidance after Supreme Court ruling

Seek clarity on handling of stored data from Business Line - Money & Banking https://ift.tt/2N64E...

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Rana Kapoor: Will never sell stake in YES Bank

Says the stake will go to his daughters from Business Line - Money & Banking https://ift.tt/2Omgx...

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RBI officials meet large shareholders of IL&FS

The Reserve Bank of India top-brass met large shareholders of Infrastructure Leasing & Financial Services (IL&FS) on Friday regarding the NBF from Business Line - Money & Banking https://ift.tt/2N9Ut...

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Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

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Traders will face action if found guilty of rigging, misinformation: RBI

Participants in markets for financial instruments will face regulatory action, including temporary or permanent stoppage of access to markets in one o from Business Line - Money & Banking https://ift.tt/2xIK5...

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Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

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Bitcoin exchange Zebpay shuts shop, blames regulatory hurdles

Highlighting the regulatory bottlenecks in the country’s fairly nascent and growing crypto market, India’s first and largest cryptocurrency exchange Z from Business Line - Money & Banking https://ift.tt/2R4e2...

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Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

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IL&FS crisis: RBI brass meet LIC, Orix Corp

The RBI on Friday met the large shareholders of debt-laden Infrastructure Leasing & Finance Services (IL&FS) to decide on revival and capita from Business Line - Money & Banking https://ift.tt/2zD43...

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Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

Read more »

Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

Read more »

Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

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RBI bars Bandhan Bank from opening new branches

The bank, on its part, said it is taking steps to comply with licensing condition to bring down the shareholding of Non Operative Financial Holding Company (NOFHC) in the bank to 40 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NLHg...

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RBI bars Bandhan Bank from opening new branches

The RBI on Friday pulled up Bandhan Bank for its failure to bring down promoter holding to 40 per cent as mandated in the licensing norms for univers from Business Line - Money & Banking https://ift.tt/2zDpY...

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Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

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RBI bars Bandhan Bank from opening new branches, freezes CEO's compensation

The central bank went ahead with the move after the bank failed to adhere to a key licensing condition. from Banking/Finance-Industry-Economic Times https://ift.tt/2IoGj...

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Ananya Birla acquires micro housing finance corporation

Svatantra Microfin has Rs 652 crore portfolio at the end of June while Mumbai-based MHFC has a portfolio of close to Rs 500 crore. from Banking/Finance-Industry-Economic Times https://ift.tt/2xKmD...

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Big trouble for Bandhan Bank: RBI freezes CEO compensation, bars opening new branches

Just a few days after showing the door to founder CEO of Yes Bank, Rana Kapoor, the Reserve Bank of India (RBI) has now tightened the noose on Bandhan Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NPLw...

Read more »

India’s shadow banking sector likely to face shake-up after default

India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zB6f...

Read more »

NPA woes: SBI to review sectors of exposure

The bank's corporate exposure stood at 40 per cent, while it was 57 per cent for retail, he said. from Banking/Finance-Industry-Economic Times https://ift.tt/2xTwO...

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SBI reviewing its exposure to NBFCs

State Bank of India is reviewing its exposure to non-banking finance companies (NBFCs). According to Sujit Kumar Varma, Deputy Managing Director, Corp from Business Line - Money & Banking https://ift.tt/2Ill6...

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Rana Kapoor reiterates commitment to YES Bank

Says will be guided by board, RBI and will never sell his shares from Business Line - Money & Banking https://ift.tt/2Oiq2...

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Yes Bank plunges to 29-month low as management crisis drags on

Yes Bank said earlier this week that it would seek the Reserve Bank of India's (RBI) approval to extend CEO Rana Kapoor's term beyond January as it needs more time to identify and groom a successor. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DzcM...

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IL&FS crisis may lead to cancellation of licenses of 1,500 NBFCs

In the wake of the IL&FS crisis, as many as 1,500 smaller non-banking finance companies may have their licenses cancelled because they don’t have adequate capital. The shadow banking sector now comprises more than 11,400 firms with a combined balance-sheet worth Rs 22.1 lakh crore, and is less strictly regulated than banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NPnh...

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Dayakaran Sridhar appointed Chief of Digital Banking and Strategy by AU Small Finance Bank

AU Small Finance Bank has appointed Dayakaran Sridhar as Chief of Digital Banking and Digital Strategy. With 21 years of experience in the BFSI sector from Business Line - Money & Banking https://ift.tt/2xJAW...

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India's shadow banking sector likely to face shake-up after default

Regulators may cancel the licences of as many as 1,500 smaller NBFCs because they don't have adequate capital. from Banking/Finance-Industry-Economic Times https://ift.tt/2NQ8o...

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BoB-Vijaya-Dena Bank merger plan shows govt willingness to pursue sector reform: Fitch

The proposed merger of Bank of Baroda (BoB) with two mid-sized PSU lenders shows the willingness of the government to go ahead with difficult reforms from Business Line - Money & Banking https://ift.tt/2OpsT...

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Banks not too keen on funding HAM projects as NPAs swell

Also, high debt, weak traffic and slow pace of execution meant that it would take a long time for these players to repay the debt to banks. Given this experience, in this cycle, banks are only selectively funding road projects. from Banking/Finance-Industry-Economic Times https://ift.tt/2OUnI...

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PCI on MDR sharing: Banks not playing fair with acquirers

The Payments Council of India (PCI) on Thursday accused banks of not sharing the merchant discount rate (MDR) reimbursement for small-value digital transactions with merchant aggregators and acquirers. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xUr7...

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PNB to raise Rs 8,580 cr from sale of non-core assets in H2

Punjab National Bank (PNB) has set a target to mobilise Rs 8,583 crore in H2FY19 by monetisating non-core assets. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zAaU...

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Aadhaar Pay faces uncertain future

AePS allows consumers without smartphones or debit cards to withdraw or transfer funds and check account balances using biometric authentication through microATMs. from Banking/Finance-Industry-Economic Times https://ift.tt/2DB89...

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PCI on MDR sharing: Banks not playing fair with acquirers

The Payments Council of India (PCI) on Thursday accused banks of not sharing the merchant discount rate (MDR) reimbursement for small-value digital transactions with merchant aggregators and acquirers. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xUr7...

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PNB to raise Rs 8,580 cr from sale of non-core assets in H2

Punjab National Bank (PNB) has set a target to mobilise Rs 8,583 crore in H2FY19 by monetisating non-core assets. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zAaU...

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PCI on MDR sharing: Banks not playing fair with acquirers

The Payments Council of India (PCI) on Thursday accused banks of not sharing the merchant discount rate (MDR) reimbursement for small-value digital transactions with merchant aggregators and acquirers. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xUr7...

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PNB to raise Rs 8,580 cr from sale of non-core assets in H2

Punjab National Bank (PNB) has set a target to mobilise Rs 8,583 crore in H2FY19 by monetisating non-core assets. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zAaU...

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IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today

Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs 52.43 crore worth of short-term deposits, while the total number of defaults reached seven in last 15 days, Reuters reported. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N7sO...

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IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today

Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs 52.43 crore worth of short-term deposits, while the total number of defaults reached seven in last 15 days, Reuters reported. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N7sO...

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RBI cancels meeting with IL&FS shareholders ahead of AGM, next date remains unknown

Sources said RBI wants details of the plan for future or corrective action which are to be taken by debt-laden Infrastructure Leasing and Finance Services (IL&FS). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2y2nn...

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Top management rejig likely at IDFC bank

Sources said the exits stem from the duplication of several roles following the merger with Capital First. from Banking/Finance-Industry-Economic Times https://ift.tt/2xGoW...

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IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today

Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs 52.43 crore worth of short-term deposits, while the total number of defaults reached seven in last 15 days, Reuters reported. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2N7sO...

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RBI cancels meeting with IL&FS shareholders ahead of AGM, next date remains unknown

Sources said RBI wants details of the plan for future or corrective action which are to be taken by debt-laden Infrastructure Leasing and Finance Services (IL&FS). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2y2nn...

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Ex-Citigroup CEO, GIC pump ₹875 crore into JM Financial arm

Funding to be used to drive growth; JMFL to retain control from Business Line - Money & Banking https://ift.tt/2DBCd...

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More bad news for renewables; no priority lending

This had been one of the key demands of the renewable energy companies like Suzlon, ReNew Powet and Inox Wind that met with the Power Minister RK Singh on September 19 in New Delhi. from Banking/Finance-Industry-Economic Times https://ift.tt/2zzFe...

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No unit yet to track blockchain, cryptocurrency and AI at RBI

Rahul WadkeAt a time when cryptocurrency, blockchain and artificial intelligence are seen as harbingers of major disruption in the global currency ma from Business Line - Money & Banking https://ift.tt/2Qgdr...

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ICICI Lombard to stop seeking Aadhaar info of new customers

KR SrivatsA day after the Supreme Court’s judgment on Aadhaar, ICICI Lombard General Insurance has said that it will stop asking for Aadhaar details f from Business Line - Money & Banking https://ift.tt/2xF9A...

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No window-dressing of loan accounts to conceal NPAs, says YES Bank

Our BureauPrivate sector lender YES Bank, on Thursday, said it has not indulged in any window-dressing of its corporate accounts to conceal non-perfor from Business Line - Money & Banking https://ift.tt/2Infc...

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RBI’s measures to ease short-term rates

But consistent liquidity infusion by the RBI through OMOs in the coming months is vital from Business Line - Money & Banking https://ift.tt/2xF9t...

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RBI cancels meeting with IL&FS shareholders ahead of AGM, next date remains unknown

Sources said RBI wants details of the plan for future or corrective action which are to be taken by debt-laden Infrastructure Leasing and Finance Services (IL&FS). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2y2nn...

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Punjab National Bank board approves proposal to raise Rs 5,431 crore fund from government

The finance minister Tuesday committed capital support to banks after meeting heads of public sector lenders. from Banking/Finance-Industry-Economic Times https://ift.tt/2ORsz...

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Canara Bank to raise ₹ 6,000 cr via QIP

State-owned Canara Bank on Thursday said it proposes to raise ₹ 6,000 crore by issuing shares on private placement basis. The board approved proposal from Business Line - Money & Banking https://ift.tt/2OfYc...

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Urban cooperative Bank promoter will have to set up a public Ltd Company before transitioning into small finance banks: RBI

RBI has said that the promoters will have to incorporate a public limited company under the Companies Act, 2013 having the word ‘bank’ in its name after receiving the in-principle approval from RB and its board should meet RBI’s ‘fit and proper’ criteria. from Banking/Finance-Industry-Economic Times https://ift.tt/2xUx8...

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IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs

IL&FS defaults have highlighted the risk of a sharp growth slowdown in Indian economy, as lenders pare exposure to non-banking finance companies, or shadow banks, in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QdRN...

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IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs

IL&FS defaults have highlighted the risk of a sharp growth slowdown in Indian economy, as lenders pare exposure to non-banking finance companies, or shadow banks, in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QdRN...

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JM Fin Credit Solutions raises ₹ 875 cr from promoters, new fund

Promoters, JM Financial Group, Vikram Pandit and GIC of Singapore, along with the California University Endowment Fund have decided to infuse ₹ 875 from Business Line - Money & Banking https://ift.tt/2R2Mp...

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National Commission for SCs and OBCs reviews Vijaya Bank credit programmes

L Murugan, Vice Chairman, National Commission for SCs and OBCs, visited Vijaya Bank on Thursday.Murugan reviewed service matters and credit programme from Business Line - Money & Banking https://ift.tt/2xX15...

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IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs

IL&FS defaults have highlighted the risk of a sharp growth slowdown in Indian economy, as lenders pare exposure to non-banking finance companies, or shadow banks, in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QdRN...

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IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs

IL&FS defaults have highlighted the risk of a sharp growth slowdown in Indian economy, as lenders pare exposure to non-banking finance companies, or shadow banks, in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QdRN...

Read more »

IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs

IL&FS defaults have highlighted the risk of a sharp growth slowdown in Indian economy, as lenders pare exposure to non-banking finance companies, or shadow banks, in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QdRN...

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RBI cancels meeting with IL&FS shareholders

The central bank had earlier called a meeting with key shareholders of IL&FS, including Life Insurance Corporation of India (LIC) and State Bank of India, after the company and its subsidiaries defaulted on repayments of various debt instruments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xHd9...

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RBI cancels meeting with IL&FS shareholders

The Reserve Bank of India (RBI) has cancelled the Friday’s meeting with the shareholders of debt-laden Infrastructure Leasing and Finance Services (I from Business Line - Money & Banking https://ift.tt/2DAWw...

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PCI raises concerns on non-receipt of MDR reimbursements

The Payments Council of India (PCI), an umbrella body of all payments and settlement companies, has once again raised concerns over non-receipt of re from Business Line - Money & Banking https://ift.tt/2zyMb...

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Fed hikes again. Should RBI follow?

The Federal Reserve’s resolve to adhere to aggressive policy rate hike cycle over the next couple of years is likely to create more pressure on the RB from Business Line - Money & Banking https://ift.tt/2xWC3...

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RBI eases cash reserve rules for banks to ease liquidity

RBI in a statement said banks could 'carve out' up to 15 per cent of holdings under the statutory liquidity reserves to meet their liquidity coverage ratio (LCR) requirements as compared to 13 per cent now. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IkxK...

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You can ask companies, banks to delete your Aadhaar data

With the SC making it clear that Aadhaar linkage with private companies is not mandatory, customers who have parted with the information now have the right to demand that the details be withdrawn or deleted. However, if one insists on doing so, the person will need to provide other authentication documents such as passport, voter ID, and a bank statement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ii6b...

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Digital biz models hobble without Aadhaar support

SBI chairman Rajnish Kumar said, “If a customer wants to open a bank account on our digital platform using Aadhaar, it can be done instantly.” He added that the convenience is drawing 27,000 customers to its online ‘YONO’ account. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OeFi...

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IL&FS debenture trustee says no to dividend declaration

Company drops proposal from AGM agenda from Business Line - Money & Banking https://ift.tt/2DxED...

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RBI ready to meet liquidity needs of banking system

The Reserve Bank of India (RBI) said on Thursday that it stands ready to meet the liquidity requirements of the banking system through various instrum from Business Line - Money & Banking https://ift.tt/2NLqp...

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Four PSBs seek to raise at least Rs100 cr via non-core asset sales

Four public sector banks (PSBs) on Wednesday put on sale their stakes in various companies to collectively raise at least Rs 100 crore, days ahead of the close of the September quarter. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OTt5...

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SBI approves 4 pct stake sale in insurance arm for Rs 482 crore

State Bank of India (SBI) on Wednesday decided to offload 4% of its stake in SBI General Insurance, its general insurance arm, for Rs 482 crore to an alternative investment fund promoted by Axis AMC and Premji Invest. Post this transaction, SBI General Insurance will be valued at around Rs 12,000 crore. The initial public […] from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NHkc...

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Fed raises US interest rates, sees at least three more years of growth

Fed drops language describing policy as accommodative from Business Line - Money & Banking https://ift.tt/2NFsR...

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New banks stare at high costs, bigger turnaround time

Bankers said they would now have to find a new way to do a KYC for customers refusing to share Aadhaar details. from Banking/Finance-Industry-Economic Times https://ift.tt/2Ik75...

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Aadhaar very convenient for opening bank accounts: SBI chief Rajnish Kumar

State Bank of India's chairman Rajnish Kumar Wednesday termed the government's flagship Aadhaar scheme a 'great facility' as it has made the process of opening of bank accounts very convenient. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IhFM...

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Punjab National Bank, Indian Bank to offload entire stakes in credit info firm Experian

Punjab National Bank and Indian Bank will offload their entire stakes in information services and data analytics firm Experian, according to a bid document released Wednesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xUNP...

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Aadhaar very convenient for opening bank accounts: SBI chief Rajnish Kumar

State Bank of India's chairman Rajnish Kumar Wednesday termed the government's flagship Aadhaar scheme a 'great facility' as it has made the process of opening of bank accounts very convenient. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IhFM...

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Punjab National Bank, Indian Bank to offload entire stakes in credit info firm Experian

Punjab National Bank and Indian Bank will offload their entire stakes in information services and data analytics firm Experian, according to a bid document released Wednesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xUNP...

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Loans up to Rs 1 crore to MSMEs in just 59 minutes: FM Jaitley launches credit portal; check key features here

In a bid to boost credit availability to Micro, Small and Medium Enterprises (MSMEs), Finance Minister Arun Jaitley has launched a web portal through which one can avail loans up to Rs 1 crore in just 59 minutes. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OlGn...

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Apollo Munich Health launches cancer- specific insurance plan

Our BureauApollo Munich Health Insurance, a private health insurer, on Wednesday launched a comprehensive Cancer plan called ‘iCan’.The salient featu from Business Line - Money & Banking https://ift.tt/2IhKq...

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Apollo SBI credit card launched

Our BureauSBI Card and Apollo Hospitals Group launched Apollo SBI Card, a first-of-its-kind co-branded credit card in the healthcare segment. The card from Business Line - Money & Banking https://ift.tt/2QVHA...

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‘SBI will protect shareholder interest while extending support to IL&FS’

Our duty is to stabilise the financial system, says Chairman Rajnish Kumar from Business Line - Money & Banking https://ift.tt/2Iny2...

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Axis Bank, VCAT tie up to provide banking services to start-up firms

Our BureauPrivate sector lender Axis Bank has tied up with Venture Catalysts (VCAT) to provide corporate banking services to start-up companies. “This from Business Line - Money & Banking https://ift.tt/2IlaV...

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RBI unlikely to give extension to YES Bank CEO

SurabhiThe Reserve Bank of India is unlikely to agree to an extension to the term of YES Bank Managing Director and CEO Rana Kapoor, which has added from Business Line - Money & Banking https://ift.tt/2zwci...

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SBI to sell 4% stake in general insurance arm for ₹482 crore

Our BureauThe Executive Committee of State Bank of India’s board, on Wednesday, approved the sale of 4 per cent stake in its subsidiary, SBI General I from Business Line - Money & Banking https://ift.tt/2Ij1O...

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FinMin begins talks with PSU banks for capital infusion

The government has initiated discussions with public sector banks (PSBs) for second round of capital infusion, a senior Finance Ministry official sai from Business Line - Money & Banking https://ift.tt/2Qetj...

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Bank credit rose by 13.46%; deposits by 8.58%

In the year-ago fortnight, bank advances stood at Rs 77,54,406 crore. from Banking/Finance-Industry-Economic Times https://ift.tt/2OgqZ...

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Premji Invest, Axis AMC pick 4% in SBI General for Rs 482 cr

State Bank has decided to offload 4 per cent of its stake in its general insurance arm for Rs 482 crore to an alternative investment fund promoted by from Business Line - Money & Banking https://ift.tt/2QViw...

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Bank credit rises by 13.46%; deposits by 8.58%

Bank credit rose by 13.46 per cent to Rs 87,98,812 crore in the fortnight ended September 14, according to the recent RBI data.In the year-ago fortni from Business Line - Money & Banking https://ift.tt/2ORes...

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Aadhaar very convenient for opening bank accounts: SBI chief Rajnish Kumar

"Everybody will have to honour the Supreme Court's judgement, but I believe from services point of view it (Aadhaar) is a great facility," SBI chairman Rajnish Kumar said. from Banking/Finance-Industry-Economic Times https://ift.tt/2O6Wk...

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No proposal yet from IL&FS for additional funds: SBI chairman Rajnish Kumar

SBI holds 6.42 per cent in the IL&FS group that is facing serious liquidity crisis and has defaulted on interest payment on various debt repayments since August 27. The group has over Rs 91,000 crore in debt. from Banking/Finance-Industry-Economic Times https://ift.tt/2IlJt...

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IIT Madras to devise AI solutions for financial inclusion

The IIT researchers will develop algorithms which, when combined with observations by subject matter experts, will recommend financial products. from Banking/Finance-Industry-Economic Times https://ift.tt/2zuxy...

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Punjab National Bank to seek Rs 5,431-crore capital infusion from government

The finance minister Tuesday committed capital support to banks after meeting heads of public sector lenders. from Banking/Finance-Industry-Economic Times https://ift.tt/2IkEt...

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Deutsche Bank mulls merger scenario with UBS, says Handelsblatt report

Deutsche Bank has looked at a theoretical scenario of merging with UBS, the German business daily Handelsblatt reported on Wednesday, citing people familiar with the matter. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xTdI...

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Uncertainty looms at Yes Bank after board meet, will RBI change decision on Rana Kapoor’s tenure?

After Yes Bank’s board sought extension on CEO Rana Kapoor’s term to September 30th 2019 for completion of statutory AGM process, the RBI is unlikely to change its initial decision. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xDnh...

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IL&FS debt: Not just Indian, nearly 25 foreign arms of group also booked losses in FY18; check details

Not just in India, IL&FS is facing financial troubles outside the country as well with nearly 25 of its 53 foreign arms have booked losses for FY18, according to its latest annual report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xDn8...

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Deutsche Bank mulls merger scenario with UBS, says Handelsblatt report

Deutsche Bank has looked at a theoretical scenario of merging with UBS, the German business daily Handelsblatt reported on Wednesday, citing people familiar with the matter. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xTdI...

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Uncertainty looms at Yes Bank after board meet, will RBI change decision on Rana Kapoor’s tenure?

After Yes Bank’s board sought extension on CEO Rana Kapoor’s term to September 30th 2019 for completion of statutory AGM process, the RBI is unlikely to change its initial decision. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xDnh...

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IL&FS debt: Not just Indian, nearly 25 foreign arms of group also booked losses in FY18; check details

Not just in India, IL&FS is facing financial troubles outside the country as well with nearly 25 of its 53 foreign arms have booked losses for FY18, according to its latest annual report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xDn8...

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Markets back in red, Sensex ends over 100 points down; Nifty below 11,050

State Bank of India, ITC, Wipro and Tata Motors were among the major losers on the BSE index with their stocks falling as much as 3.15 per cent. On NSE, Nifty PSU Bank, IT, FMCG and Auto indexes declined the most losing as much as 1.88 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2zvG0...

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Aadhaar not needed for SIM card, bank accounts

Supreme Court has struck down the Section 57 of the Aadhaar Act which allowed sharing of data with private entities. The court's judgement means that private bodies like telecom companies, e-commerce firms cannot ask for biometric and other data from consumers for their services.​​ from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ztQM...

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RBI asked to ease liquidity, tackle credit crunch

RBI has been asked to consider more steps to improve liquidity in the system, including reducing the amount of funds banks must set aside with it. Late on Monday the RBI said it would buy Rs 10,000 crore of government bonds via an open market operation, in a move to ease liquidity. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xQRJ...

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Yes Bank board seeks more time for Kapoor

The Yes Bank board on Tuesday sought more time for incumbent Rana Kapoor as CEO even as it constituted a five-member search committee for a new chief executive. The board has also recommended board positions for its two top executives Rajat Monga and Pralay Mondal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xP3c...

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Households are reducing their reliance on banks

Coming with an unsaid sovereign guarantee of sorts, fixed deposits (FDs) seemingly offered investors liquidity — and safety — as nationalisation sought, in part, to arrest the 40-odd bank failures a year. from Banking/Finance-Industry-Economic Times https://ift.tt/2xPfW...

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Big private investment yet to start flowing: Kaizad Bharucha

As executive director at HDFC Bank, Kaizad Bharucha is in charge of wholesale banking which includes loans to companies, agriculture and also to capital markets. from Banking/Finance-Industry-Economic Times https://ift.tt/2DxuR...

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Will ensure IL&FS does not collapse, all options open, says LIC chairman

"We will not allow contagion to spread from IL&FS,”LIC chairman VK Sharma said, adding that all options were open. from Banking/Finance-Industry-Economic Times https://ift.tt/2Q6m3...

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RBI report twice said IL&FS Financial Services' net-owned funds were wiped out

The top management of the finance company declined to take corrective measures, two senior officials from the banking circles told ET. from Banking/Finance-Industry-Economic Times https://ift.tt/2zunA...

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Yes Bank board seeks extension for Rana Kapoor

In an unprecedented move, it has also requested the RBI to grant an extension to Kapoor at least till April 2019 and if possible till September 2019. from Banking/Finance-Industry-Economic Times https://ift.tt/2OehL...

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IL&FS moves NCLT for direct line with creditors

To file an application under Section 230 of Companies Act with an aim to propose a plan for settlement of dues. from Banking/Finance-Industry-Economic Times https://ift.tt/2O7KO...

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More pain ahead for NBFCs

Frothy valuations, difficulty in raising funds from the bond market after the IL&FS episode, and existing growth and asset quality challenges sugg from Business Line - Money & Banking https://ift.tt/2OaGb...

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P2P lending firm Faircent slashes interest rates to 9.9%

In a bid to stay ahead of its competitors, peer to peer (P2P) lending start-up Faircent has slashed its interest rates to 9.9 per cent on consumer an from Business Line - Money & Banking https://ift.tt/2IgFg...

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Jaitley: Recoveries are up, NPAs going down

PSBs set target to get back ₹1.8 lakh crore from Business Line - Money & Banking https://ift.tt/2ztjl...

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IL&FS moves the NCLT in a bid to avert insolvency proceedings

No effort will be spared to save firm, says shareholder LIC from Business Line - Money & Banking https://ift.tt/2Q4G6...

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Bank of Baroda board to meet on September 29 to consider merger proposal

Earlier this month, the government announced plans to merge Bank of Baroda, Vijaya Bank and Dena Bank to create the country's third largest lender as part of efforts to revive credit and economic growth. from Banking/Finance-Industry-Economic Times https://ift.tt/2xOxg...

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RBI to conduct OMO purchase worth $40 billion by March-end, says Bank of America Merrill Lynch

Reserve Bank of India (RBI) is like to conduct additional open market operation (OMO) purchase worth USD 40 billion by March end to provide durable liquidity and contain rising government bond yields, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DCrC...

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Bad debts on a decline, loan recovery picking up of PSU banks, says Finance Minister Arun Jaitley

Finance Minister Arun Jaitley Tuesday said bad debts or NPAs in the banking system are on the decline as recoveries of unpaid loans have picked up. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NExu...

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Yes Bank board meeting ends; seeks more time for CEO Rana Kapoor beyond January 2019

The much-awaited Yes Bank board meeting ended with the board seeking the extension of CEO and MD Rana Kapoor beyond January 31, 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DvHL...

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RBI needs to cut CRR to improve liquidity, says government official

The RBI should consider lowering Cash Reserve Ratio (CRR) in addition to buying government bonds to ensure adequate liquidity, an official said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NEza...

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Videocon goes to bankruptcy! Bids invited for Venugopal Dhoot’s company under IBC

Once a household name and successful brand, Videocon Industries is going into bankruptcy for defaulting on debt worth Rs 20,000 crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DsXg...

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Another LIC bailout in offing? IL&FS will not be allowed to collapse, all options open, says LIC chief

State-owned insurer LIC Tuesday said it will not allow debt-ridden IL&FS to collapse and explore options to revive it. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NAGA...

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Yes Bank: Who after Rana Kapoor? Bank board meets today to discuss; stock crashes 9%

Yes Bank's board will meet today to discuss the "future course of action" following the Reserve Bank of India (RBI) decision to not grant an extension to CEO Rana Kapoor. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NAlc...

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IL&FS moves NCLT for relief in filing scheme of arrangement

Our BureauIn a bid to resolve its recent liquidity issues and inability to service debt obligations, cash-strapped Infrastructure Leasing & Finan from Business Line - Money & Banking https://ift.tt/2OglD...

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Arun Jaitley's push for MSMEs: Rs 1 crore loan in 59 minutes

Addressing the media after the annual review meeting of the state-owned banks, finance minister Arun Jaitley launched a common online portal for MSMEs credit space. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ztaC...

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IL&FS shareholders may press for audit of its step-down units

Promoters may want a fair view of transactions at 50 overseas units from Business Line - Money & Banking https://ift.tt/2Dv7L...

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Indifi leverages data, tech for small loans biz

Start-up eyes a three-fold rise in customers in FY19 from Business Line - Money & Banking https://ift.tt/2xOkh...

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Now, Alexa to help IndusInd Bank customers carry out transactions

Our BureauCustomers of IndusInd Bank can now use Amazon’s virtual assistant Alexa to carry out transactions such as fund transfers, mobile phone recha from Business Line - Money & Banking https://ift.tt/2QXzy...

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‘Maharashtra, Karnataka and TN comprise 40% of retail lending’

Our BureauMaharashtra, Tamil Nadu and Karnataka, which comprise just 20 per cent of the total population, make up for nearly 40 per cent of all retail from Business Line - Money & Banking https://ift.tt/2xPLF...

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YES Bank creates tech team to boost digital operations

Priyanka PaniPrivate sector lender YES Bank is creating a separate division to consolidate technology and innovation-related activities to help the b from Business Line - Money & Banking https://ift.tt/2QXLb...

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Is the sharp fall in NBFC stocks justified?

Given the rising concerns over liquidity crunch, players with unfavourable asset liability mismatch are best avoided from Business Line - Money & Banking https://ift.tt/2xRKu...

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YES Bank board seeks extension for Rana Kapoor, forms search panel

The Reserve Bank of India had refused to extend Yes Bank's current CEO Rana Kapoor's tenure. from Banking/Finance-Industry-Economic Times https://ift.tt/2xR1H...

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Bad loans declining as recoveries picking up: Arun Jaitley after PSU banks' review meet

At the annual review meeting of the public sector banks, the finance minister added that the last several years have been challenging for the state-owned banks as large amount of lending was held up in NPAs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QWI1...

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NPAs on the decline, recoveries rising, says Arun Jaitley after key review meet with PSBs

The rise in recoveries is not only on the back of resolution in NCLT but also because debtors are compelled to pay up for fear of NCLT proceedings. from Banking/Finance-Industry-Economic Times https://ift.tt/2QXd3...

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Moody’s retains BoB rating after merger announcement

Moody’s Investors Service on Tuesday retained the rating of Bank of Baroda (BoB) following government’s announcement of three-way merger with Vijaya from Business Line - Money & Banking https://ift.tt/2N1c4...

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Amendment to anti graft law will help bankers in lending proposals: Jaitley

‘Banks must ensure clean lending and take effective action in case of fraud and wilful default’ from Business Line - Money & Banking https://ift.tt/2Obez...

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Finance minister Arun Jaitley asks PSU banks to take effective action against frauds, wilful defaults

Reviewing the performance of state-owned lenders, he exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8 per cent. from Banking/Finance-Industry-Economic Times https://ift.tt/2xBLc...

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Markets rise after steep 5-day fall, Sensex ends nearly 350 up; Nifty above 11,000-mark

On BSE, Kotak Mahindra, HDFC, Hindustan Unilever, Axis Bank and State Bank of India (SBI) were among the major gainers with their stocks rising as much as 3.10 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Idkx...

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