Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

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Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

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Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

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Dual control by Centre, RBI a problem in banking industry: YV Reddy

Former Reserve Bank of India Governor YV Reddy Saturday said dual control by the Centre and the RBI is a problem in the banking industry.Reddy, who w from Business Line - Money & Banking https://ift.tt/2OIUc...

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CARE downgrades ratings on Gati's bank facilities, medium term fixed deposits

The ratings on bank facilities and medium term fixed deposits of Gati Ltd, India’s largest road transport company, have been downgraded by CARE Rating from Business Line - Money & Banking https://ift.tt/2E1aC...

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Brickwork Ratings downgrades ITNL debt obligations to default

Brickwork Ratings has downgraded the rating of the non-convertible debentures (NCDs) of IL&FS Transportation Networks Limited (ITNL), a road arm o from Business Line - Money & Banking https://ift.tt/2DZH1...

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Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

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Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

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Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

Read more »

Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

Read more »

Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

Read more »

Indian Bank revises interest rates on FCNR(B) deposits

Public sector Indian Bank Saturday said it has revised the foreign currency non-resident banking term deposits with immediate effect. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OIoS...

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Indian Bank revises interest rates on FCNR(B) deposits

Indian Bank has revised the foreign currency non-resident banking term deposits with immediate effect.For FCNR(B) desposits, in USD terms, the revise from Business Line - Money & Banking https://ift.tt/2Pfi8...

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India Inc. braces for six-fold jump in costs as Aadhaar-based verification ends

Companies were using the database to accelerate the process of opening bank accounts, disbursing loans and acquiring mobile phone customers. The Supreme Court on September 26 ruled that Aadhaar, is to be only used by the state to identify beneficiaries of welfare programs and disburse subsidies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NpQl...

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Rely on equity to fund assets for long term: RBI to NBFCs

At the post-policy interaction with the media, the central bank leadership prodded NBFCs to raise more equity and long-term debt instead of relying on short-term funds. from Banking/Finance-Industry-Economic Times https://ift.tt/2Rspa...

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Let rupee find its comfort level: Viral Acharya

The Indian currency has been under pressure along with other emerging market units. It fell to an all-time low of Rs 74.22 per dollar as the central bank kept rates unchanged, surprising the market. from Banking/Finance-Industry-Economic Times https://ift.tt/2pKRg...

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Ex-Canara Bank MD is IDBI chief

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IE4r...

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Yes Bank: Ex-SBI chief OP Bhatt, former IRDAI chairman TS Vijayan to be in panel to choose Rana Kapoor’s successor

Former chairman of insurance watchdog Irdai, TS Vijayan, and retired SBI chief OP Bhatt will be part of the panel which will choose Yes Bank's chief executive officer after Rana Kapoor's exit. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2RvaO...

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Yes Bank: Ex-SBI chief OP Bhatt, former IRDAI chairman TS Vijayan to be in panel to choose Rana Kapoor’s successor

Former chairman of insurance watchdog Irdai, TS Vijayan, and retired SBI chief OP Bhatt will be part of the panel which will choose Yes Bank's chief executive officer after Rana Kapoor's exit. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2RvaO...

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Centre moves NCLT seeking protection for new IL&FS board

In a bid to protect the new board overseeing the turnaround plan for IL&FS, the Ministry of Corporate Affairs has sought relief from the Nation from Business Line - Money & Banking https://ift.tt/2Cr9K...

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Yes Bank: Ex-SBI chief OP Bhatt, former IRDAI chairman TS Vijayan to be in panel to choose Rana Kapoor’s successor

Former chairman of insurance watchdog Irdai, TS Vijayan, and retired SBI chief OP Bhatt will be part of the panel which will choose Yes Bank's chief executive officer after Rana Kapoor's exit. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2RvaO...

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RBI says myopic for NBFCs to solely depend on short-term funds, bring in more equity

The Reserve Bank Friday lambasted non-banking lenders for their excessive reliance on short-term funds, terming it as a "myopic strategy" that can impact both the firms as well as systemic stability. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yfkD...

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RBI Governor Urjit Patel lauds government’s timely move in IL&FS case; says, steps will stablise lender

The Reserve Bank Friday welcomed the government intervention in the IL&FS crisis as a "timely move" which has "helped stabilise the situation" at the infra lender, and offered full help to the new management. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ruar...

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Capital First shareholders clear merger with IDFC Bank

The merger of Capital First and its subsidiaries with IDFC Bank is in final stages with the merged entity likely to take shape by the year end.Shareh from Business Line - Money & Banking https://ift.tt/2yh1n...

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New CIO for RBL Bank

RBL Bank on Friday announced the appointment of Sankarson Banerjee as its Chief Information Officer. Sankarson, an alumnus of IIT-Kharagpur and IIM-Ca from Business Line - Money & Banking https://ift.tt/2Ruh0...

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Unchanged repo rate to help realty revival: Industry experts

The apex bank Friday kept the repo rate unchanged at 6.50 per cent, despite global and domestic macro-economic headwinds of rising interest rates in the US. from Banking/Finance-Industry-Economic Times https://ift.tt/2BYn8...

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Yes Bank: Ex-SBI chief OP Bhatt, former IRDAI chairman TS Vijayan to be in panel to choose Rana Kapoor’s successor

Former chairman of insurance watchdog Irdai, TS Vijayan, and retired SBI chief OP Bhatt will be part of the panel which will choose Yes Bank's chief executive officer after Rana Kapoor's exit. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2RvaO...

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RBI says myopic for NBFCs to solely depend on short-term funds, bring in more equity

The Reserve Bank Friday lambasted non-banking lenders for their excessive reliance on short-term funds, terming it as a "myopic strategy" that can impact both the firms as well as systemic stability. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yfkD...

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RBI Governor Urjit Patel lauds government’s timely move in IL&FS case; says, steps will stablise lender

The Reserve Bank Friday welcomed the government intervention in the IL&FS crisis as a "timely move" which has "helped stabilise the situation" at the infra lender, and offered full help to the new management. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ruar...

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RBI keeps rates unchanged, shifts stance to ‘calibrated tightening’

Urjit Patel hints there won’t be a rate cut in the near future from Business Line - Money & Banking https://ift.tt/2O9HM...

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YES Bank appoints OP Bhatt, TS Vijayan as external experts to scout for new MD & CEO

YES Bank has appointed former State Bank of India chief OP Bhatt and former insurance regulator TS Vijayan as external experts to help find a successo from Business Line - Money & Banking https://ift.tt/2O4RC...

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Why the market is unhappy with RBI’s move

Radhika MerwinWhile the RBI unexpectedly handed the markets a sweet deal by holding rates, equity, bond and currency markets remained surprisingly dis from Business Line - Money & Banking https://ift.tt/2Cr8w...

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Home-buyers can expect temporary relief

Our Bureau In the RBI’s move to maintain status quo on interest rates, the realty sector sees a temporary relief to home-buyers and expects a fillip from Business Line - Money & Banking https://ift.tt/2DXR0...

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Rupee depreciation moderate against EM peers, says Patel

Our BureauThe Reserve Bank of India, on Friday, said the depreciation of the rupee has been moderate compared to several other emerging market economy from Business Line - Money & Banking https://ift.tt/2O87e...

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Bankers taken by surprise

But expect a rate hike of at least 25 bps in FY19; global headwinds to be a challenge from Business Line - Money & Banking https://ift.tt/2E0am...

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RBI highlights virtues of equity funding of long-term assets

Cautions against ‘myopic strategy’ of chasing lower marginal cost of funds via use of debt funds from Business Line - Money & Banking https://ift.tt/2O7h6...

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Reliance Health Insurance gets final nod from IRDAI

Ravi Vishwanath has been been appointed as CEO of Reliance Capital from Business Line - Money & Banking https://ift.tt/2Pjbx...

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Yes Bank names TS Vijayan & OP Bhatt as external members for MD selection panel

Yes Bank board had formed a five-member panel to find a successor of current CEO Rana Kapoor from Banking/Finance-Industry-Economic Times https://ift.tt/2QuY5...

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KLM Axiva Finvest to float new company for micro finance

The company currently has 150 branches at present, of which 98 are in Kerala and the rest in Tamil Nadu and Karnataka. from Banking/Finance-Industry-Economic Times https://ift.tt/2pC6b...

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Rakesh Sharma to head IDBI Bank for 3 months

Earlier this week, IDBI Bank board approved the proposal for issuance of preferential shares in favour of LIC to increase the share of insurer in the bank up to 51%. from Banking/Finance-Industry-Economic Times https://ift.tt/2Qyw2...

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Sensex battered, rupee breaches 74-mark as RBI keeps repo rate unchanged

The Reserve Bank of India went against the Street expectations to keep the repo rate unchanged at 6.50 per cent, even as the rest of the financial market went into a tizzy with Sensex plunging more than 900 points in intra-day trading and rupee sinking below the 74-mark for the first time. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NtQx...

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Rupee sinks to all-time low, breaches 74-mark against US dollar

In a surprise move the Reserve Bank today kept its lending rates unchanged. The central bank maintained a status quo and kept repo rate unchanged at 6.50 per cent. Reverse repo rate stayed at 6.25 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IDP9...

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Against Street expectations, RBI keeps repo rate unchanged at 6.50 per cent

RBI, in its October monetary policy meet, maintained a status quo and kept the repo rate unchanged at 6.50 per cent. The reverse repo rate has also been kept unchanged at 6.25 per cent. The central bank's move came against the Street expectations​​ as most of the experts had predicted a 25 basis points (bps) rate hike due to a weakening rupee and inflationary pressure due to high crude oil prices. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2pD26...

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Fourth bi-monthly monetary policy statement 2018-19

The Monetary Policy Committee keeps the repo rate unchanged at 6.5 per cent. Click here to read the fourth bi-monthly monetary policy statement 2018-1 from Business Line - Money & Banking https://ift.tt/2pygT...

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Monetary Policy: RBI leaves repo rate unchanged at 6.5%

Reverse repo rate remains at 6.25%, MSF and Bank Rate at 6.75% from Business Line - Money & Banking https://ift.tt/2IDLW...

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How is it that no one spotted IL&FS' coming doom? There's an angle few are probing

Rating agencies revenues flow from the issuers of debt, not from investors. That's enough said. from Banking/Finance-Industry-Economic Times https://ift.tt/2O7yq...

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Reliance Health Insurance gets final nod from Irdai to start operations

The company said health insurance in India has been amongst the fastest-growing insurance sectors, rising at 20 per cent annually and is expected to double to over Rs 1,00,000 crore by 2021. from Banking/Finance-Industry-Economic Times https://ift.tt/2y0p3...

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Reliance Health Insurance gets final IRDAI approval to start operations

To commence business by December quarter from Business Line - Money & Banking https://ift.tt/2Pbjq...

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RBI likely to raise repo rate again as rupee slide accelerates

​Anticipation of a rate hike has increased in the past month as oil prices climbed, the rupee’s slide accelerated and concerns on liquidity emerged. Rising US interest rates, capital outflows from emerging markets and India’s weakening balance of payments and current account deficit are also expected to make the central bank act. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2zSlk...

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Why Chanda Kochhar quit ICICI Bank now?

Kochhar, who headed India’s largest private sector bank as chief executive officer & managing director since 2009, was dogged by allegations of quid pro quo deals with borrowers — notably the Dhoots of Videocon — and was on forced leave since June 18 pending the conclusion of an inquiry by former Supreme Court judge B N Srikrishna. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CpZr...

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Did Chanda Kochhar fall to an obscure bank rule?

For Kochhar to return as ICICI Bank chief, the probe would have to be completed by October 17. from Banking/Finance-Industry-Economic Times https://ift.tt/2PcsS...

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Chanda Kochhar: The exit of a lone ranger

Kochhar rose through the ranks to become a role model for millions of aspiring women in a male-dominated world. from Banking/Finance-Industry-Economic Times https://ift.tt/2DWHO...

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Global payments firms to urge finance minister Arun Jaitley to ease data storage norm

Banks and payments firms have to house the transaction data of Indian consumers within the country by Oct 15. from Banking/Finance-Industry-Economic Times https://ift.tt/2zSuZ...

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High profile exits mar private banking space

While Kochhar Thursday resigned from the post of MD and CEO of ICICI Bank with immediate effect, Sharma is leaving Axis Bank in December. from Banking/Finance-Industry-Economic Times https://ift.tt/2ybYd...

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New IL&FS board finds 348 entities within the group

Uday Kotak says steps will be taken to preserve the company’s value from Business Line - Money & Banking https://ift.tt/2Qt1k...

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PSB losses to come down to Rs 50,000 crore in FY19: Report

This will be the third consecutive year that the 20 state-run lenders' grouping will be reporting a loss, ratings agency Crisil said in its report. from Banking/Finance-Industry-Economic Times https://ift.tt/2Nnke...

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Kochhar quits ICICI Bank, but enquiry will continue

Stock rises even as market crashes; Sandeep Bakhshi named MD &CEO from Business Line - Money & Banking https://ift.tt/2zRRk...

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After 34 years, Kochhar makes an ‘unexpected’ exit

Chanda Kochhar, who, after joining ICICI Ltd as a trainee in 1984, rose to become the CEO of one of the largest private sector banks in the country from Business Line - Money & Banking https://ift.tt/2DXtO...

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Chanda Kochhar: From trainee to retiring CEO; here’s her 34-year journey at ICICI Bank

In a major development, Chanda Kochhar has stepped down as the MD and CEO of ICICI Bank, after serving in the company for 34 long years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OAsP...

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IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender

IL&FS crisis: The troubles at IL&FS had been intensifying since July, when company founder Ravi Parthasarathy stepped down. Defaults from August within the group rattled the money markets, added to pressure on corporate bond yields and sparked a sell-off in the stock market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NoMY...

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Centre taking a ‘biased’ approach to shareholder directors raises eyebrows

According to corporate law experts, NCLT petition for superceding the board should have named all directors as respondents from Business Line - Money & Banking https://ift.tt/2P5Zz...

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Probe on to find why IL&FS gave ‘a false picture of its financials’

‘Only a remote possibility of devolvement of any obligation on the company,’ said the infra firm’s March annual report from Business Line - Money & Banking https://ift.tt/2zQZo...

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HDFC Bank launches instant vehicle insurance renewal

Customers can now renew their vehicle insurance online instantly from the comfort of their homes or offices in three easy steps, HDFC said from Banking/Finance-Industry-Economic Times https://ift.tt/2ydVI...

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Chanda Kochhar: From trainee to retiring CEO; here’s her 34-year journey at ICICI Bank

In a major development, Chanda Kochhar has stepped down as the MD and CEO of ICICI Bank, after serving in the company for 34 long years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OAsP...

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IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender

IL&FS crisis: The troubles at IL&FS had been intensifying since July, when company founder Ravi Parthasarathy stepped down. Defaults from August within the group rattled the money markets, added to pressure on corporate bond yields and sparked a sell-off in the stock market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NoMY...

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IDBI board approves issuance of preferential shares to LIC

IDBI Bank board Thursday approved a proposal for issuance of preferential shares in favour of LIC with a view to increase the share of insurer in the bank up to 51 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ODqJ...

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Chanda Kochhar quits ICICI Bank after Videocon saga takes toll; Sandeep Bakhshi to take over as CEO

Chanda Kochhar quits as ICICI Bank CEO: ICICI Bank CEO Chanda Kochhar quits with immediate effect. ICICI Bank has appointed Sandeep Bakhshi as MD and CEO for five years, with effect from October 3. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OvCE...

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IL&FS group value to be preserved: Kotak after board meet

‘Board will meet shareholders at an appropriate time’ from Business Line - Money & Banking https://ift.tt/2Nklu...

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Chanda Kochhar: From trainee to retiring CEO; here’s her 34-year journey at ICICI Bank

In a major development, Chanda Kochhar has stepped down as the MD and CEO of ICICI Bank, after serving in the company for 34 long years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OAsP...

Read more »

IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender

IL&FS crisis: The troubles at IL&FS had been intensifying since July, when company founder Ravi Parthasarathy stepped down. Defaults from August within the group rattled the money markets, added to pressure on corporate bond yields and sparked a sell-off in the stock market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NoMY...

Read more »

IDBI board approves issuance of preferential shares to LIC

IDBI Bank board Thursday approved a proposal for issuance of preferential shares in favour of LIC with a view to increase the share of insurer in the bank up to 51 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ODqJ...

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Chanda Kochhar quits ICICI Bank after Videocon saga takes toll; Sandeep Bakhshi to take over as CEO

Chanda Kochhar quits as ICICI Bank CEO: ICICI Bank CEO Chanda Kochhar quits with immediate effect. ICICI Bank has appointed Sandeep Bakhshi as MD and CEO for five years, with effect from October 3. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OvCE...

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ICICI Bank shares gain 4% as Chanda Kochhar quits

The stock jumped 4.07 per cent to end at Rs 315.95 on the BSE. During the day, it jumped 5.69 per cent to Rs 320.90. On NSE, shares of the company climbed 4 per cent to close at Rs 316. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2yfsb...

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Chanda Kochhar: From trainee to retiring CEO; here’s her 34-year journey at ICICI Bank

In a major development, Chanda Kochhar has stepped down as the MD and CEO of ICICI Bank, after serving in the company for 34 long years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OAsP...

Read more »

IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender

IL&FS crisis: The troubles at IL&FS had been intensifying since July, when company founder Ravi Parthasarathy stepped down. Defaults from August within the group rattled the money markets, added to pressure on corporate bond yields and sparked a sell-off in the stock market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NoMY...

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IDBI board approves issuance of preferential shares to LIC

IDBI Bank board Thursday approved a proposal for issuance of preferential shares in favour of LIC with a view to increase the share of insurer in the bank up to 51 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ODqJ...

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Chanda Kochhar quits ICICI Bank after Videocon saga takes toll; Sandeep Bakhshi to take over as CEO

Chanda Kochhar quits as ICICI Bank CEO: ICICI Bank CEO Chanda Kochhar quits with immediate effect. ICICI Bank has appointed Sandeep Bakhshi as MD and CEO for five years, with effect from October 3. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OvCE...

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CRISIL upgrades AU Small Finance Bank’s rating to ‘AA-’

Rating agency CRISIL has upgraded AU Small Finance Bank’s rating for its long-term debt instruments from ‘A+’ to ‘AA-’ that signifies high degree of from Business Line - Money & Banking https://ift.tt/2OA3l...

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Chanda Kochhar: The meteoric rise and fall of a star banker

Almost a decade after her ascension to the top, she has tumbled down under the weight of serious allegations of misconduct and corruption. from Banking/Finance-Industry-Economic Times https://ift.tt/2OxMQ...

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Airtel Payment Bank loss rises to ₹272 crore in FY18

Priyanka PaniAirtel Payments Bank Limited, the banking arm of telecom major Airtel, has reported a 10 per cent increase in its loss at ₹272 crore duri from Business Line - Money & Banking https://ift.tt/2zR4B...

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Sandeep Bakshi: Meet the man who replaces Chanda Kochhar as ICICI Bank's new CEO

Bakshi held the position of the COO of ICICI Bank. He was put at the helm by the board after it asked Kochhar to go an extended leave pending an internal investigation. from Banking/Finance-Industry-Economic Times https://ift.tt/2xZDy...

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RBI seen raising rates again as rupee slide accelerates

The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it grapples wit from Business Line - Money & Banking https://ift.tt/2IA88...

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Chanda Kochhar quits ICICI Bank; Sandeep Bakhshi appointed new CEO

The board of directors of ICICI Bank Limited accepted Chanda Kochhar's request to seek early retirement.Kochhar will also relinquish office from the board of directors of the bank's subsidiaries.The board announced Sandeep Bakhshi as managing director and CEO. His appointment will be for a period of five years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2y1eM...

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Chanda Kochhar resigns from ICICI Bank; shares jump nearly 6%

Sandeep Bakhshi to be appointed as Managing Director and Chief Executive Officer from Business Line - Money & Banking https://ift.tt/2NlUQ...

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Chanda Kochhar quits ICICI bank

Kochhar joined ICICI Bank in 1984 as a management trainee and has had a dream run since then from Banking/Finance-Industry-Economic Times https://ift.tt/2QoR6...

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IDBI Bank allots 33.99 cr shares to LIC aggregating ₹2,098 cr

IDBI Bank on Thursday allotted about 33.99 crore equity shares to Life Insurance Corporation of India (LIC) at a price of ₹61.73 per share (inclusive from Business Line - Money & Banking https://ift.tt/2O79z...

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Centre may expand IL&FS board by roping in infrastructure, banking experts

The government is likely to move quickly to induct four more directors with experience in infrastructure lending and EPC (engineering, procurement and from Business Line - Money & Banking https://ift.tt/2ydHS...

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IL&FS: The untold tale behind India's shock takeover of the risky lender

The stunning move, more typical of China’s command-and-control economy than a free-wheeling democracy like India, caught investors by surprise. from Banking/Finance-Industry-Economic Times https://ift.tt/2RmHO...

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Several Indian cos debarred by World Bank in 2018

In its latest annual report on Wednesday, the World Bank said Olive Health Care and Jay Modi from India have been debarred from for their fraudulent and corrupt practices. They were working on a World Bank project in Bangladesh. While Olive Health has been debarred for 10 years and six months, Modi has been debarred for seven years and six months from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2RlQV...

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Oil companies get to raise foreign currency loan as rupee breaches 73-mark

RBI has allowed oil companies to raise foreign currency loans for their working capital requirements. The move falls short of the market expectation that the central bank would sell dollars directly to oil companies, and will not result in an immediate inflow of dollars. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2P9rN...

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India should have learned from Walter Bagehot

Shadow banks pumped out 30 percent of all the new credit in the economy over the past three years from Banking/Finance-Industry-Economic Times https://ift.tt/2OxI8...

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IL&FS crisis: SFIO probe to look for diversion of loan money

IL&FS's debt touched Rs 91,000 crore, of which one-third was bank loans. from Banking/Finance-Industry-Economic Times https://ift.tt/2ICbs...

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HDFC earns Rs 787 crore from stake sale in mutual fund arm during September quarter

Mortgage lender HDFC Ltd Wednesday said it earned Rs 787 crore from selling stake in the initial public offer (IPO) of HDFC Asset Management Company Ltd. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O17v...

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SEBI permits IDBI Bank for issuance of preference shares to LIC

State-owned IDBI Bank said Wednesday it has received approval from market regulator SEBI for issuance of preference shares to Life Insurance Corporation (LIC). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xUYB...

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HDFC earns Rs 787 crore from stake sale in mutual fund arm during September quarter

Mortgage lender HDFC Ltd Wednesday said it earned Rs 787 crore from selling stake in the initial public offer (IPO) of HDFC Asset Management Company Ltd. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O17v...

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SEBI permits IDBI Bank for issuance of preference shares to LIC

State-owned IDBI Bank said Wednesday it has received approval from market regulator SEBI for issuance of preference shares to Life Insurance Corporation (LIC). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xUYB...

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State Bank of Mauritius' India operations hit by cyber fraud

On October 2, the India operations of SBM Bank (Mauritius) Ltd was the subject of cyber fraud with a maximum potential loss of USD 14 million. from Banking/Finance-Industry-Economic Times https://ift.tt/2zP6c...

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RBI accords sanction to set up Kerala Bank, says CM

Kerala Chief Minister Pinarayi Vijayan said he welcomed the decision of the RBI and have given instructions to complete the process of the merger by March 2019. from Banking/Finance-Industry-Economic Times https://ift.tt/2RmaB...

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‘IL&FS defaulted due to asset-liability mismatch’

Management not responsible for the crisis at the infra company, believe former directors from Business Line - Money & Banking https://ift.tt/2ybXv...

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IFC extends ₹1,000-crore loan to Aditya Birla Finance

To use the funds to finance renewable energy projects from Business Line - Money & Banking https://ift.tt/2Qq6y...

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NCLT admits insolvency petition by ICICI Bank against Gitanjali Gems

Our BureauThe National Company Law Tribunal has admitted the plea by ICICI Bank to initiate insolvency proceedings against Mehul Choksi-led Gitanjali from Business Line - Money & Banking https://ift.tt/2OAIW...

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Festival season cheers up insurers

Rise in demand for insurance to cover loss of life and property from Business Line - Money & Banking https://ift.tt/2O0X2...

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Ericsson row: RCom says relief from TDSAT

RCom, in a regulatory filing to the BSE, said it will receive Rs 975 crore from sale of spectrum, and that it will pay Ericsson Rs 550 crore and RITL (Reliance Infratel) minority investors Rs 230 crore from the spectrum trading proceeds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2RmJy...

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North Korean hackers linked to Cosmos Bank heist

Cosmos Bank, a Pune based co-operative had lost Rs 94.42 crore in one of the largest banking heists in the country through withdrawals from more than 14,849 ATMs transactions from Banking/Finance-Industry-Economic Times https://ift.tt/2P6GS...

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Federal Bank fined Rs 5 cr for non-compliance of RBI norms

The lender was found to have not complied with RBI directions on reporting of data on Central Repository of Information on Large Credits (CRILC), an RBI statement said. from Banking/Finance-Industry-Economic Times https://ift.tt/2P7aS...

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Foreign investors to get a pie in Indian PSUs; government mulling overseas listing of Bharat-22 ETF

Bharat-22 ETF was introduced in Union Budget 2017 as a vehicle to achieve the government's divestment target, after the success of first state-run companies’ exchange-traded fund CPSE ETF. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Izq5...

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Explained: Loan write-off is not the same as loan waiver; what you should know

Loan waiver is quite different from writing off a loan as it is the cancellation of recovery or refraining from claiming the dues. In simpler terms, banks will completely give up on such loans and no recovery will be made. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zN0p...

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First Abu Dhabi Bank ties up with ToneTag for sound based payments

With ToneTag, POS (Point of Sale) terminals of FAB’s clients are now capable of accepting sound-based proximity payments. from Banking/Finance-Industry-Economic Times https://ift.tt/2RkA4...

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IFC extends Rs 1,000 cr green loan to Aditya Birla Finance

ABFL would use the proceeds to finance renewable energy projects and help the country move towards its target of 175 GW of renewable energy capacity by 2022. from Banking/Finance-Industry-Economic Times https://ift.tt/2IBj8...

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Foreign investors to get a pie in Indian PSUs; government mulling overseas listing of Bharat-22 ETF

Bharat-22 ETF was introduced in Union Budget 2017 as a vehicle to achieve the government's divestment target, after the success of first state-run companies’ exchange-traded fund CPSE ETF. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Izq5...

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Explained: Loan write-off is not the same as loan waiver; what you should know

Loan waiver is quite different from writing off a loan as it is the cancellation of recovery or refraining from claiming the dues. In simpler terms, banks will completely give up on such loans and no recovery will be made. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zN0p...

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Foreign investors to get a pie in Indian PSUs; government mulling overseas listing of Bharat-22 ETF

Bharat-22 ETF was introduced in Union Budget 2017 as a vehicle to achieve the government's divestment target, after the success of first state-run companies’ exchange-traded fund CPSE ETF. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Izq5...

Read more »

Explained: Loan write-off is not the same as loan waiver; what you should know

Loan waiver is quite different from writing off a loan as it is the cancellation of recovery or refraining from claiming the dues. In simpler terms, banks will completely give up on such loans and no recovery will be made. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zN0p...

Read more »

Foreign investors to get a pie in Indian PSUs; government mulling overseas listing of Bharat-22 ETF

Bharat-22 ETF was introduced in Union Budget 2017 as a vehicle to achieve the government's divestment target, after the success of first state-run companies’ exchange-traded fund CPSE ETF. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Izq5...

Read more »

Explained: Loan write-off is not the same as loan waiver; what you should know

Loan waiver is quite different from writing off a loan as it is the cancellation of recovery or refraining from claiming the dues. In simpler terms, banks will completely give up on such loans and no recovery will be made. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zN0p...

Read more »

Foreign investors to get a pie in Indian PSUs; government mulling overseas listing of Bharat-22 ETF

Bharat-22 ETF was introduced in Union Budget 2017 as a vehicle to achieve the government's divestment target, after the success of first state-run companies’ exchange-traded fund CPSE ETF. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Izq5...

Read more »

Explained: Loan write-off is not the same as loan waiver; what you should know

Loan waiver is quite different from writing off a loan as it is the cancellation of recovery or refraining from claiming the dues. In simpler terms, banks will completely give up on such loans and no recovery will be made. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zN0p...

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Rupee @73: RBI likely to turn hawkish to stem the slide

Amid the rout in rupee, the RBI starts its three- day meeting on bi-monthly monetary policy on Wednesday. The Street is expecting from the central bank a third back-to-back repo rate hike as inflation is expected to accelerate further due to higher crude prices and the weakness in rupee. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OvAs...

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HSBC banker, brothers accused of moving drug cash in Paris trial

During testimony in Paris Monday, Nessim blamed the scheme on his brother Meyer and said he believed the money was linked to tax evasion, not drugs. from Banking/Finance-Industry-Economic Times https://ift.tt/2P7xH...

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NBFC slump is a crisis of confidence, says Ajay Piramal

In 2008, there was no liquidity in the market. Today there is no liquidity crisis. It is more a crisis of confidence. That is different from not having money to lend. from Banking/Finance-Industry-Economic Times https://ift.tt/2NYLs...

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Success or failure of a three-way merger would determine the future of banking industry

The aim is to bring about operating efficiencies over time by lowering combined operating and funding costs while strengthening risk management practices. from Banking/Finance-Industry-Economic Times https://ift.tt/2IA6y...

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IL&FS crisis: Lenders hopeful, but stare at haircut

A clutch of lenders led by BoI and SBI, and including foreign banks, have lent Rs 34,480 crore from Banking/Finance-Industry-Economic Times https://ift.tt/2P6X9...

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ASA International injects equity in its India arm

This is the first time the Bangladeshi-Dutch promoter has injected capital into its India subsidiary after setting it up in 2008. from Banking/Finance-Industry-Economic Times https://ift.tt/2NhSm...

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IL&FS needs to monetise assets, say insiders

The group has lined up plans to sell as many as 24 projects to raise around Rs 30,000 crore. from Banking/Finance-Industry-Economic Times https://ift.tt/2NiOt...

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A Pandora’s box may have just been opened

From dependence on govt projects to delayed payments, IL&FS crisis represents what the infra industry is going through from Business Line - Money & Banking https://ift.tt/2xWs5...

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Large exposure to NBFC, HFC bonds worries MF investors

IL&FS crisis has wiped out most gains made over past year from debt schemes from Business Line - Money & Banking https://ift.tt/2OrzN...

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Can the Centre’s white knights rescue IL&FS?

The new board members lack sufficient experience in the infra space, say experts from Business Line - Money & Banking https://ift.tt/2Qqrh...

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Banks plan new products to ensure customers maintain minimum deposits

Lenders aiming to dispel negative perception about banking industry from Business Line - Money & Banking https://ift.tt/2NguI...

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Ayushman Bharat: 23,287 claims worth ₹38 crore approved in first ten days

But hospitals find it difficult to log into the scheme portal; non-BJP States seek clarity from Business Line - Money & Banking https://ift.tt/2xUyd...

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Troubles at NBFCs may help banks claw back lost share in corporate lending

The deepening crisis in the non-baking finance companies space may help commercial banks re-emerge as a primary source of lending for companies, as the former fight for survival under more regulatory glare, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Iy59...

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PNB wilful defaulters’ dues fall marginally to Rs 15,075 crore at August-end

Outstanding dues of big wilful defaulters of Punjab National Bank reduced marginally to 15,075.07 crore at end-August from Rs 15,175 crore at the July end, according to the bank's data. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Orj4...

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Nirav Modi scam a bygone; PNB to turn profitable this financial year, says MD Sunil Mehta

Punjab National Bank is slowly getting on to the growth path, its MD Sunil Mehta said adding that credit growth is picking up and has surpassed industry average. PNB reported a loss of Rs 940 crore for the June quarter of 2018-19 financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IvTi...

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PNB wilful defaulters' dues fall marginally to Rs 15,075 crore at August-end

PNB earlier in February unearthed a scam of more than Rs 14,000 crore carried out by celebrity jeweller Nirav Modi and his associates. from Banking/Finance-Industry-Economic Times https://ift.tt/2DQAb...

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Troubles at NBFCs may help banks claw back lost share in corporate lending

The deepening crisis in the non-baking finance companies space may help commercial banks re-emerge as a primary source of lending for companies, as the former fight for survival under more regulatory glare, says a report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Iy59...

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PNB wilful defaulters’ dues fall marginally to Rs 15,075 crore at August-end

Outstanding dues of big wilful defaulters of Punjab National Bank reduced marginally to 15,075.07 crore at end-August from Rs 15,175 crore at the July end, according to the bank's data. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Orj4...

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Nirav Modi scam a bygone; PNB to turn profitable this financial year, says MD Sunil Mehta

Punjab National Bank is slowly getting on to the growth path, its MD Sunil Mehta said adding that credit growth is picking up and has surpassed industry average. PNB reported a loss of Rs 940 crore for the June quarter of 2018-19 financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IvTi...

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Paysafe to hold hackathon in five global cities

Our BureauPaysafe Group, a payments solutions provider, will host a global hackathon in five of its key developer locations – Sofia (Bulgaria), Vienna from Business Line - Money & Banking https://ift.tt/2QugX...

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GST ‘a momentary dampener in the real estate space’

G BalachandarChennai-headquartered Sundaram BNP Paribas Home Finance (SBPHFL), which has an established track record in the housing finance segment, from Business Line - Money & Banking https://ift.tt/2RjRs...

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Troubles at NBFCs may help banks claw back lost share in corporate lending

The non-banking finance companies thrived on ample support from global funds and lighter regulations, but they are likely to face greater scrutiny now. from Banking/Finance-Industry-Economic Times https://ift.tt/2P4pK...

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Lessons in restructuring from UTI, IDBI and IFCI

K Ram Kumar The newly constituted six-member board of the debt-laden IL&FS is likely to closely examine how UTI and IDBI, both erstwhile All Indi from Business Line - Money & Banking https://ift.tt/2Qk4U...

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PNB wilful defaulters' dues fall marginally to Rs 15,075 crore at August-end

In 2017-18, PNB had registered a net loss of Rs 12,283 crore - the highest ever by any bank in India so far, due to rising bad loans and parking huge sum to cover for losses due to the scam from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Qm4E...

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Nirav Modi scam a bygone; PNB to turn profitable this financial year, says MD Sunil Mehta

Punjab National Bank is slowly getting on to the growth path, its MD Sunil Mehta said adding that credit growth is picking up and has surpassed industry average. PNB reported a loss of Rs 940 crore for the June quarter of 2018-19 financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IvTi...

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Vivriti Capital launches marketplace for financial institutions

Vivriti Capital, a tech-based institutional finance facilitator, has launched a marketplace for financial institutions, corporates, small enterprises, from Business Line - Money & Banking https://ift.tt/2Nhod...

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SBI vows to become plastic free organisation in one year

State Bank of India (SBI) on the occasion of Mahatma Gandhi’s birth anniversary pledged to become a plastic-free organisation in the next 12 months a from Business Line - Money & Banking https://ift.tt/2zMcC...

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NCLT allows govt to take control of IL&FS board

New six-member board to prepare resolution plan for the beleaguered firm from Business Line - Money & Banking https://ift.tt/2NlF3...

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IL&FS: India dodges a Lehman moment. That was the easy part

It was only when the creature was dead to the markets that the authorities took note of the risk to Indian finance. from Banking/Finance-Industry-Economic Times https://ift.tt/2zLNv...

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Nirav Modi scam a bygone; PNB to turn profitable in FY'19, says MD Sunil Mehta

PNB managing director Sunil Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts taken by the bank after the fraud came to light in January this year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Qlw0...

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Punjab National Bank to turn profitable in FY'19; Nirav Modi scam a bygone: Sunil Mehta

Mehta said he hopes that PNB will be back into the black during 2018-19 due to various efforts taken by the bank after the fraud came to light in January this year. from Banking/Finance-Industry-Economic Times https://ift.tt/2P1Lt...

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