AU Small Finance Bank Q2 net profit surges 34% to Rs 91 cr

AU Small Finance Bank Saturday reported 33.95 per cent rise in net profit to Rs 91.41 crore for the second quarter of 2018-19.The bank had reported a from Business Line - Money & Banking https://ift.tt/2A87h...

Read more »

IMF-World Bank ends meetings with call to brace for risks

Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for from Business Line - Money & Banking https://ift.tt/2A7Ws...

Read more »

Rising NPAs, credit slowdown! Why bankers need to think like trustees to revive banking sector

Considering Indian banking continues to function way below its potential, several big changes need to be brought into the banking sector. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2A7zE...

Read more »

Sebi waives lock-in rule for Bandhan promoters

Last month, the microfinancier-turned-bank was barred from opening new branches by the RBI for not diluting promoter holding. The central bank also froze the remuneration of its promoter-CEO Chandra Shekhar Ghosh for the same reason. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2A8tN...

Read more »

Lending restrictions trimmed bad loans: RBI

In a speech at IIT Bombay on Friday, RBI deputy governor Viral Acharya said that the lending restrictions on banks with high NPAs and low capital did not starve industry of credit but merely shifted business to healthier banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2EgQK...

Read more »

Norwest Venture buys into Veritas

Founded in 2015 by D Arulmany, Veritas Finance lends to micro, small and medium enterprises in India. It has a loan book of Rs 496 crore, through 125 branches. from Banking/Finance-Industry-Economic Times https://ift.tt/2OmKG...

Read more »

Banks under PCA are on the mend: Viral Acharya

The RBI has put 12 banks, 11 state-run and one from the private sector, under PCA because of their poor financial health. from Banking/Finance-Industry-Economic Times https://ift.tt/2IQOj...

Read more »

Pyramid Infra goes to court over GST anti-profiteering mechanism

For services companies such as telecom consultancies and banks, the problem could be more complex because of the wider scope for input tax credits. from Banking/Finance-Industry-Economic Times https://ift.tt/2IS61...

Read more »

Sebi exempts Bandhan Bank from post-listing lock-in norms

Kolkata-based private lender Bandhan Bank on Friday said the capital markets regulator has exempted it from rules governing the post-listing lock-in period for promoter shareholdings in companies. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ITpP...

Read more »

PCA essential to maintain fiscal stability: Viral Acharya

Speaking at Indian Institute of Technology, Mumbai, he noted that PCA lays out the case for structured early intervention and resolution by regulators for banks that become under-capitalised due to poor asset quality. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yC0m...

Read more »

With Aadhaar nixed, banks seek new KYC norms

IBA fears lack of clarity following apex court ruling will impact operations, writes to RBI from Business Line - Money & Banking https://ift.tt/2yz2X...

Read more »

IL&FS board moves to tighten the belt

May wield axe on personnel spend; sets up full audit from Business Line - Money & Banking https://ift.tt/2OmDZ...

Read more »

Health of banks being restored under PCA regime: RBI official

 There are emerging signs that the performance of banks under prompt corrective action (PCA) is slowly but steadily being restored, according to the R from Business Line - Money & Banking https://ift.tt/2yxnL...

Read more »

State Bank of Mauritius India cyber attack loss set at ₹19 crore

  The Mumbai branch of the State Bank of Mauritius India, which faced a cyber attack earlier this month, has been able to recover almost all of it, ba from Business Line - Money & Banking https://ift.tt/2QN2K...

Read more »

New HR head at HDFC Bank

HDFC Bank has appointed Vinay Razdan as the head of Human Resources. Vinay will be responsible for the entire human resource function of the bank. He from Business Line - Money & Banking https://ift.tt/2yn3H...

Read more »

East, north-east take the lead in NBFC-MFI loan portfolio

But experts say defaults are likely due to increasing competition in the region from Business Line - Money & Banking https://ift.tt/2QOlO...

Read more »

Who gets paid 1st when debt recovery happens or company goes bust; here’s what law says about secured creditors

The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act came into force on September 01, 2016 with an objective to streamline the process of debt recovery. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cctt...

Read more »

Bandhan Bank gets SEBI exemption for one-year promoter share lock-in

Kolkata-based private sector lender has recieved SEBI exemption with respect to regulatory requirement of a one year lock-in period on promoter shares. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NDzy...

Read more »

IBBI allows multilateral financial entities to take up to 15% stake in IPA

Other regulated financial entities can also pick up stake in the Insolvency Professional Agency from Business Line - Money & Banking https://ift.tt/2ywYY...

Read more »

New branch opening pace has come down: Kotak Mahindra Bank

Over 85 per cent of the bank's transactions take place in digital mode, its Joint Managing Director Dipak Gupta said. from Banking/Finance-Industry-Economic Times https://ift.tt/2EjDh...

Read more »

Retail inflation inches up to 3.77% in September; August IIP at 4.3%

​A Reuters poll had suggested that the retail inflation in September was expected to have accelerated to the Reserve Bank of India's medium-term target of 4.00 per cent last month from a year ago, higher than August's 10-month low of 3.69 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NEcR...

Read more »

Karnataka Bank net declines 20%; shares jump 2.15%

Karnataka Bank Ltd has registered a net profit of ₹111.86 crore in the second quarter of 2018-19 against a profit of ₹93.38 crore in the corresponding from Business Line - Money & Banking https://ift.tt/2pOLl...

Read more »

Insurance claim cannot be denied on the ground of common lifestyle diseases: NCDRC to LIC

LIC has been told to pay the sum to the policy buyer who hadn't mentioned his diabetes case while buying it. from Banking/Finance-Industry-Economic Times https://ift.tt/2PvzR...

Read more »

State Bank of Mauritius loses Rs 143 crore in cyber fraud

The SBM said that some unknown persons have hacked into its servers to illegally access various accounts and managed to transfer the monies to multiple accounts outside the country. from Banking/Finance-Industry-Economic Times https://ift.tt/2RM8H...

Read more »

Who runs the economic world? It might soon be women

As the International Monetary Fund and World Bank meet this week in Bali, Christine Lagarde no longer cuts quite the same lone figure she once did, now flanked by growing numbers of female finance ministers and economists. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NCfs...

Read more »

Risks central bank can't ignore in India's low inflation spell

While headline inflation has eased in recent months, the core measure, which strips out volatile fuel, food and electricity prices, has been sticky at around 6 percent. from Banking/Finance-Industry-Economic Times https://ift.tt/2CbTs...

Read more »

Rupee strengthens 38 paise against US dollar

Besides, dollar-selling by exporters and banks, the greenback's weakness against some currencies overseas, helped the recovery in the domestic currency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2RJKr...

Read more »

OP Bhatt, other SBI staff under CBI lens for loans to Vijay Mallya

Former SBI chairman OP Bhatt along with more than a dozen senior officials of the lender are under the CBI scanner. from Banking/Finance-Industry-Economic Times https://ift.tt/2ywyU...

Read more »

Union Bank of India to raise Rs 700 cr from stake sale in six firms

In the quarter ended June, Union Bank had raised Rs 194 crore from sales of investments, down 70.3% year-on-year and 47.3% sequentially. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C7Y9...

Read more »

PNB sells credit card outstandings worth 3% of its card portfolio

Punjab National Bank (PNB) sold non-performing credit card outstandings worth over 3% of its portfolio in the category in September, according to people aware of the development. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CEBX...

Read more »

Will higher premium dampen demand for two-wheelers this festival season?

 It is not just spiralling fuel prices and rising lending rates that could play a dampener on the sales of two-wheelers and cars this festival season. from Business Line - Money & Banking https://ift.tt/2EdzC...

Read more »

Union Bank of India to raise Rs 700 cr from stake sale in six firms

In the quarter ended June, Union Bank had raised Rs 194 crore from sales of investments, down 70.3% year-on-year and 47.3% sequentially. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C7Y9...

Read more »

PNB sells credit card outstandings worth 3% of its card portfolio

Punjab National Bank (PNB) sold non-performing credit card outstandings worth over 3% of its portfolio in the category in September, according to people aware of the development. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CEBX...

Read more »

Yes Bank hires headhunter Korn Ferry to assist search panel for new CEO

Yes Bank Thursday appointed US-based headhunter Korn Ferry to assist an expert panel searching for a successor to outgoing MD and CEO Rana Kapoor. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C7Y5...

Read more »

IL&FS default undermines asset backed securities market, highlights continuity risks: Fitch

In the next six months period – October 29 to March 13, 2019 – IL&FS group has to repay about Rs 1,085 crore worth of commercial papers. The beleaguered group has a total debt of about Rs 91,000 crore.  from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C8aE...

Read more »

Union Bank of India to raise Rs 700 cr from stake sale in six firms

In the quarter ended June, Union Bank had raised Rs 194 crore from sales of investments, down 70.3% year-on-year and 47.3% sequentially. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C7Y9...

Read more »

PNB sells credit card outstandings worth 3% of its card portfolio

Punjab National Bank (PNB) sold non-performing credit card outstandings worth over 3% of its portfolio in the category in September, according to people aware of the development. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CEBX...

Read more »

Yes Bank hires headhunter Korn Ferry to assist search panel for new CEO

Yes Bank Thursday appointed US-based headhunter Korn Ferry to assist an expert panel searching for a successor to outgoing MD and CEO Rana Kapoor. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C7Y5...

Read more »

IL&FS default undermines asset backed securities market, highlights continuity risks: Fitch

In the next six months period – October 29 to March 13, 2019 – IL&FS group has to repay about Rs 1,085 crore worth of commercial papers. The beleaguered group has a total debt of about Rs 91,000 crore.  from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C8aE...

Read more »

Life insurers' new premium income down 16 per cent at Rs 17,491 crore in September

For LIC, the April-September new business premium has come down by 6.95 per cent to Rs 63,480.68 crore from Rs 68,224.29 crore a year ago. from Banking/Finance-Industry-Economic Times https://ift.tt/2A6EO...

Read more »

ESAF SFB completes private stock placement

Our Bureau ESAF Small Finance Bank has announced the completion of private placement of its common stock worth ₹464 crore.ICICI Securities served as t from Business Line - Money & Banking https://ift.tt/2RIuu...

Read more »

PayMate to partner banks, NBFCs to provide credit to small units

Abhishek LawPayMate, a business-to-business digital payment solutions provider, is looking to leverage itself as a credit platform for small and mediu from Business Line - Money & Banking https://ift.tt/2EfPY...

Read more »

YES Bank selects Korn Ferry to find successor to Rana Kapoor

Our BureauPrivate sector lender YES Bank has selected global leadership advisory firm Korn Ferry to help find a successor to its Managing Director and from Business Line - Money & Banking https://ift.tt/2RIur...

Read more »

Bank of Baroda chief’s term extended by one year

Our BureauThe government has granted an year’s extension to Bank of Baroda’s Managing Director & Chief Executive Officer, PS Jayakumar, with effec from Business Line - Money & Banking https://ift.tt/2EfPR...

Read more »

Will higher premium dampen demand for two-wheelers this festival season?

SurabhiIt is not just spiralling fuel prices and rising lending rates that could play a dampener on the sales of two-wheelers and cars this festiva from Business Line - Money & Banking https://ift.tt/2RIuw...

Read more »

‘Tightening regulatory norms put pressure on banks’

Radhika Merwin The mega proposal to amalgamate Bank of Baroda, Dena Bank and Vijaya Bank to create India’s third-largest bank has not gone down well from Business Line - Money & Banking https://ift.tt/2OVd8...

Read more »

CA Institute’s nine-member group to study issues at IL&FS

KR SrivatsNaveen Gupta, President, CA Institute, has constituted a nine-member High Power Group to study the systemic issues at debt-laden IL&FS from Business Line - Money & Banking https://ift.tt/2C9Ap...

Read more »

RBI unlikely to extend Oct 15 deadline on data localisation

Payment companies may face action if they do not fall in line with the regulatory requirements from Business Line - Money & Banking https://ift.tt/2CDC3...

Read more »

Cash management companies form SRO to address industry risks

The move is a part of the Reserve Bank directive to banks that came out in April for setting standards for engaging service providers in cash management activities. from Banking/Finance-Industry-Economic Times https://ift.tt/2C9yF...

Read more »

Bank of Baroda MD & CEO Jayakumar gets one-year extension

Bank of Baroda’s Managing Director and Chief Executive Officer PS Jayakumar was given a one-year extension on Thursday, an order issued by the Personn from Business Line - Money & Banking https://ift.tt/2A41o...

Read more »

Bank of Baroda's MD and CEO P S Jayakumar gets one-year extension

P S Jayakumar, a chartered accountant by qualification, had joined Bank of Baroda in October, 2015. from Banking/Finance-Industry-Economic Times https://ift.tt/2RJ5S...

Read more »

For Allianz Partners, India is a ‘big’ growth market

To offer tech-focussed services in financial and healthcare sectors from Business Line - Money & Banking https://ift.tt/2PADA...

Read more »

HDFC Bank appoints Vinay Razdan as Chief Human Rescources Officer

Razdan joins the bank from Idea Cellular, where he was the CHRO. He had joined Idea in 2006 and spearheaded several transformational initiatives there. from Banking/Finance-Industry-Economic Times https://ift.tt/2EesJ...

Read more »

IDBI Bank appoints Rakesh Sharma as new top boss; here are 2 key challenges before him

The state-run IDBI Bank, which is nearing its merger-completion with country’s largest insurer LIC, announced on Wednesday that veteran banker Rakesh Sharma has taken charge as the new MD and CEO of the bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CA4p...

Read more »

No respite for payments firms! RBI sticking with plans to force to store data locally

Firms such as Mastercard, Visa and American Express have in recent months met with Indian policymakers, including Finance Minister Arun Jaitley, to push for an extension of the RBI's deadline. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ohld...

Read more »

IDBI Bank appoints Rakesh Sharma as new top boss; here are 2 key challenges before him

The state-run IDBI Bank, which is nearing its merger-completion with country’s largest insurer LIC, announced on Wednesday that veteran banker Rakesh Sharma has taken charge as the new MD and CEO of the bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CA4p...

Read more »

No respite for payments firms! RBI sticking with plans to force to store data locally

Firms such as Mastercard, Visa and American Express have in recent months met with Indian policymakers, including Finance Minister Arun Jaitley, to push for an extension of the RBI's deadline. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ohld...

Read more »

IDBI Bank appoints Rakesh Sharma as new top boss; here are 2 key challenges before him

The state-run IDBI Bank, which is nearing its merger-completion with country’s largest insurer LIC, announced on Wednesday that veteran banker Rakesh Sharma has taken charge as the new MD and CEO of the bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CA4p...

Read more »

No respite for payments firms! RBI sticking with plans to force to store data locally

Firms such as Mastercard, Visa and American Express have in recent months met with Indian policymakers, including Finance Minister Arun Jaitley, to push for an extension of the RBI's deadline. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ohld...

Read more »

Market mayhem: Global sell-off, weak rupee jolt Sensex, ends 760 points down; Nifty below 10,250

On 30-share BSE index, just three stocks -- ONGC, Yes Bank and Hindustan Unilever -- managed to gain and the rest of all traded in red losing as much as 5.74 per cent. On NSE, sub indices Nifty PSU Bank and Nifty Metal cracked the most, losing as much as 5.16 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CCjE...

Read more »

Focus on customer satisfaction and loyalty, says IRDAI Chief

Says products need to be designed based on changing needs, urges insurers for self-regulation from Business Line - Money & Banking https://ift.tt/2QJ0y...

Read more »

IMF chief defends rate hikes after Trump slams Fed

Lagarde says action justified by fundamentals from Business Line - Money & Banking https://ift.tt/2Ebcb...

Read more »

PSBs told to fix 1-hour loan products for MSMEs

At a meeting on Monday, the ministry has said all banks, which are now on board, will have at least one common product with the option to offer variations, enabling small businesses to meet their term loan and working capital needs through an online platform that will be contactless. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NACY...

Read more »

Ujjivan begins succession plan, Samit Ghosh to retire in Nov 2019

The bank has shortlisted half a dozen candidates for the CEO’s position. from Banking/Finance-Industry-Economic Times https://ift.tt/2CAMT...

Read more »

No respite for payments firms! RBI sticking with plans to force to store data locally

Firms such as Mastercard, Visa and American Express have in recent months met with Indian policymakers, including Finance Minister Arun Jaitley, to push for an extension of the RBI's deadline. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ohld...

Read more »

Bandhan Bank Q2 net rises 47% on interest income

The bank added 7.6 lakh customers during the quarter, at the end of which its total customer base stood at 144 lakh. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cai7...

Read more »

Bandhan Bank yet to submit promoter stake cut plan to RBI

Bandhan Bank’s shares ended 5.6% higher compared to their previous close at Rs 512.05 on the BSE. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CBvt...

Read more »

Bandhan Bank Q2 net rises 47% on interest income

The bank added 7.6 lakh customers during the quarter, at the end of which its total customer base stood at 144 lakh. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cai7...

Read more »

Bandhan Bank yet to submit promoter stake cut plan to RBI

Bandhan Bank’s shares ended 5.6% higher compared to their previous close at Rs 512.05 on the BSE. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CBvt...

Read more »

Bandhan Bank Q2 net rises 47% on interest income

The bank added 7.6 lakh customers during the quarter, at the end of which its total customer base stood at 144 lakh. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cai7...

Read more »

Bandhan Bank yet to submit promoter stake cut plan to RBI

Bandhan Bank’s shares ended 5.6% higher compared to their previous close at Rs 512.05 on the BSE. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2CBvt...

Read more »

Rakesh Sharma takes charge as MD & CEO of IDBI Bank

State-run IDBI Bank Wednesday said Rakesh Sharma has taken charge as the managing director and chief executive officer of the bank, effective today. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pseu...

Read more »

Rakesh Sharma takes charge as MD & CEO of IDBI Bank

State-run IDBI Bank Wednesday said Rakesh Sharma has taken charge as the managing director and chief executive officer of the bank, effective today. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pseu...

Read more »

RBI, NHB, SBI open liquidity taps to boost NBFC lending

Seek to lessen credit constraints in festival season amid IL&FS woes, conservative lending by banks from Business Line - Money & Banking https://ift.tt/2PrfG...

Read more »

Emission control: Banks wary of funding thermal power plants

Coal-based power producers may find it difficult to meet the new emission standards target as banks are reluctant to give loans to buy equipment requi from Business Line - Money & Banking https://ift.tt/2yd7I...

Read more »

How much did it cost RBI to collect, destroy ₹500 and ₹1000 notes?

Can’t be divulged, says central bank in response to RTI query from Business Line - Money & Banking https://ift.tt/2yvOH...

Read more »

Rakesh Sharma takes charge as MD & CEO of IDBI Bank

State-run IDBI Bank Wednesday said Rakesh Sharma has taken charge as the managing director and chief executive officer of the bank, effective today. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pseu...

Read more »

IRDAI in favour of 100% FDI for entire insurance intermediary sector

The increase in foreign direct investment (FDI) limit to 100 per cent will not result in significant inflow of foreign capital. from Banking/Finance-Industry-Economic Times https://ift.tt/2EbWY...

Read more »

Bandhan Bank Q2 net profit rises 47%

Lender to follow RBI norms to dilute promoter shareholding from Business Line - Money & Banking https://ift.tt/2Ofwp...

Read more »

Cover for mental ailments still 6 months away

Most insurance companies still designing policies in accordance with IRDAI directive from Business Line - Money & Banking https://ift.tt/2A3ck...

Read more »

Payments industry seeks stable regulatory framework

Our BureauIndia’s payments ecosystem is seeking more stability in the regulatory framework for the fintech sector to prosper. At a conference organis from Business Line - Money & Banking https://ift.tt/2NzPO...

Read more »

Kotak Invt Banking appoints Nitin Pasricha as ED and Head of Industrials and Automotive

Kotak Mahindra Capital Company (Kotak Investment Banking) on Wednesday announced the appointment of Nitin Pasricha as Executive Director and Head of I from Business Line - Money & Banking https://ift.tt/2OeIg...

Read more »

As healthcare costs soar, demand rises for higher cover

Shobha RoyThe steep rise in the cost of treatment and growing awareness have led to an increase in the average sum insured under retail health insuran from Business Line - Money & Banking https://ift.tt/2yrOv...

Read more »

USAID, Rabobank, Ananya Finance and Samunnati to provide credit to sustainable landscapes sector

To benefit SMEs and groups engaged in India’s sustainable landscapes sector from Business Line - Money & Banking https://ift.tt/2yxYB...

Read more »

Bandhan Bank Q2 net profit rises 47.4%

"During the quarter, our net interest income grew by 55.6 per cent, which helped in the profitability. Also, our loan growth was 51 per cent and NPA movement was restricted," the bank's managing director and chief executive officer, Chandra Shekhar Ghosh, told reporters here. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2RFyO...

Read more »

Morgan Stanley plans to tie up with 16 start-ups in India

American multinational investment banking and financial services major Morgan Stanley is planning to tie up with 16 start-ups in India to help the co from Business Line - Money & Banking https://ift.tt/2yrEM...

Read more »

Belfrics launches first KYC-compliant blockchain

 Blockchain company Belfrics has launched the world’s first KYC-compliant blockchain, Belrium, in the Indian market. It will offer government and pri from Business Line - Money & Banking https://ift.tt/2Of7G...

Read more »

Bandhan Bank Q2 net jumps 47.28% to Rs 487.65 cr

Bandhan Bank on Wednesday posted a 47.28 per cent jump in net profit to Rs 487.65 crore for the quarter ended September 30, 2018. The Kolkata-based l from Business Line - Money & Banking https://ift.tt/2yeyy...

Read more »

IL&FS default: SBI offers to buy Rs 45,000 crore worth assets from cash-strapped NBFCs; here’s why

Hit by a series of defaults by debt-ridden IL&FS group, the largest lender in the country SBI has offered to purchase good quality assets worth Rs 45,000 crore from NBFCs. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ywt0...

Read more »

IL&FS default: SBI offers to buy Rs 45,000 crore worth assets from cash-strapped NBFCs; here’s why

Hit by a series of defaults by debt-ridden IL&FS group, the largest lender in the country SBI has offered to purchase good quality assets worth Rs 45,000 crore from NBFCs. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ywt0...

Read more »

CPI inflation likely rose to RBI's 4% target in Sept: Poll

The Reserve Bank of India (RBI) last week held interest rates unchanged, surprising many market watchers who anticipated a third consecutive hike, but shifted its stance from "neutral" to "calibrated tightening" in a nod to pricing pressures. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QHzQ...

Read more »

Syndicate Bank hikes 3 months’ MCLR by 10 basis points

State-run Syndicate Bank on Wednesday increased its marginal cost of funds based lending rate (MCLR) by 10 basis points or 0.1 per cent for loan tenu from Business Line - Money & Banking https://ift.tt/2RFuY...

Read more »

SBI to purchase loan assets worth up to Rs 45,000 crore from NBFCs

Chief financial officer (CFO) Prashant Kumar said the loans would largely be in the priority sector. from Banking/Finance-Industry-Economic Times https://ift.tt/2QEYN...

Read more »

Ex-Goldman banker looks to fill India lending gap after IL&FS

A shadow bank’s defaults have pushed up borrowing costs in India and made it harder for smaller companies to get funding. Alternative lenders including a fund run by an ex-Goldman Sachs Group Inc. banker think they can help. from Banking/Finance-Industry-Economic Times https://ift.tt/2A2It...

Read more »

Managing costs and risk is the key: Ajay Kanwal, CEO, Jana Small Finance Bank

The bank is still collecting money postdemonetisation because customers are still catching up with payments, revealed Kanwal. from Banking/Finance-Industry-Economic Times https://ift.tt/2OTBo...

Read more »

Five IL&FS firms under SFIO lens for fund diversion

These companies together account for over 50% of the revenues of the group that has over 350 entities in its fold. from Banking/Finance-Industry-Economic Times https://ift.tt/2OdGc...

Read more »

SBI reports 1,329 fraud cases worth Rs 5,555 cr in Apr-Sep 2018

As many as 1,329 cases of fraud, involving an amount of Rs 5,555.48 crore, came to light in country's largest bank State Bank of India (SBI) in first six months of the current fiscal year, an RTI query has revealed. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cz18...

Read more »

SBI reports 1,329 fraud cases worth Rs 5,555 cr in Apr-Sep 2018

As many as 1,329 cases of fraud, involving an amount of Rs 5,555.48 crore, came to light in country's largest bank State Bank of India (SBI) in first six months of the current fiscal year, an RTI query has revealed. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cz18...

Read more »

SBI reports 1,329 fraud cases worth Rs 5,555 cr in Apr-Sep 2018

As many as 1,329 cases of fraud, involving an amount of Rs 5,555.48 crore, came to light in country's largest bank State Bank of India (SBI) in first six months of the current fiscal year, an RTI query has revealed. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cz18...

Read more »

Bank of Baroda-Vijaya-Dena merger gets a step closer; board approval done, proposal sent for government nod

BoB-Vijaya-Dena merger: The next step for the merger is getting government's formal approval, followed by the swap ration, Bank of Baroda MD and CEO PS Jayakumar told reporters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OREc...

Read more »

India Post aims to increase market share in parcel business segment to 10% in 2 years, says Manoj Sinha

India Post handled 618 crore mail articles, 46 crore speed post articles and 18 crores registered articles in the last financial year 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NwRJ...

Read more »

Challenge grows for NBFCs as banks turn tight-fisted

There are wide-scale complaints from the NBFC lobby that some banks are even refusing to release funds against sanctioned loan limits. from Banking/Finance-Industry-Economic Times https://ift.tt/2Cz8g...

Read more »

Former SBI chairperson Arundhati Bhattacharya joins ChrysCapital as advisor

A ChrysCap spokesperson has confirmed the development while Bhattacharya did not respond to calls. from Banking/Finance-Industry-Economic Times https://ift.tt/2pKJ3...

Read more »

RBI to inject Rs 12,000 cr into system on Oct 11 to manage liquidity

The Reserve Bank on Tuesday announced it will inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to from Business Line - Money & Banking https://ift.tt/2OQ7N...

Read more »

Bank of Baroda’s exposure to IL&FS ‘balanced’, says MD

Bank of Baroda (BoB), which is in the midst of a merger with Dena Bank and Vijaya Bank, seems to be unaffected by its exposure to the beleaguered IL&a from Business Line - Money & Banking https://ift.tt/2C5DS...

Read more »

SBI reports 1,329 fraud cases worth Rs 5,555 crore in April-September 2018

The analysis of these statistics shows that in the second quarter, the number of fraud cases reported in SBI reduced by just nine, while the amount involved rose by about 568.33 per cent over the first quarter. from Banking/Finance-Industry-Economic Times https://ift.tt/2QJ52...

Read more »

Bank of Baroda’s exposure toIL&FS ‘balanced’, says MD

Our Bureau Bank of Baroda (BoB), which is in the midst of a merger with Dena Bank and Vijaya Bank, seems to be unaffected by its exposure to the belea from Business Line - Money & Banking https://ift.tt/2PpIs...

Read more »

‘We are on track to ensure time-bound resolution ’

Radhika Merwin For the 1,000-odd cases admitted by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), time-bound from Business Line - Money & Banking https://ift.tt/2y9vD...

Read more »

Govt considering tapping NRIs to stem rupee fall

Officials from the finance ministry and the Reserve Bank of India are discussing a plan to raise money from non-resident Indians, the people said asking not to be named as the information is not public. An announcement regarding the method may come as early as this month, they said, without providing further details. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OMmh...

Read more »

IL&FS crisis: ICAI sends notices to statutory auditors

On the heels of the government move to supersede the board of IL&FS, the CA Institute has sent show cause notices to the statutory auditors of th from Business Line - Money & Banking https://ift.tt/2Nx1m...

Read more »

US development finance arm OPIC keen to expand presence in India

BUILD Act to allow the US institution to finance more development projects in India from Business Line - Money & Banking https://ift.tt/2yr5P...

Read more »

Falling rupee to adversely impact the profitability of corporates in FY19: CARE

Our BureauIndia Inc’s profitability could be adversely impacted in FY2019 as the total impact of the rupee’s depreciation on their external commercial from Business Line - Money & Banking https://ift.tt/2PmpE...

Read more »

Do not reduce AePS interchange fees, private lenders urge NPCI

To affect banking correspondents as the cost of carrying out transactions would increase from Business Line - Money & Banking https://ift.tt/2ycCp...

Read more »

WhatsApp sets up system to store payments data in India

The messaging platform WhatsApp seems to have finally buckled under pressure and has set up a system to store payments related data in India. This is from Business Line - Money & Banking https://ift.tt/2IJeU...

Read more »

Aye Finance disburses Rs 1,000 cr to over 80,000 micro enterprises

Aye Finance, a Gurugram-headquartered online lending startup, has disbursed loans worth Rs 1,000 crore to over 80,000 micro enterprises since its ince from Business Line - Money & Banking https://ift.tt/2pJhn...

Read more »

IL&FS loan account remains standard: Bank of Baroda

"We do have exposure to IL&FS. As of now, these accounts that we have with IL&FS and all other NBFCs are fully performing. Tomorrow what it will be, we will have to talk tomorrow," the bank's managing director and chief executive officer, PS Jayakumar said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PnCF...

Read more »

RBI norms on cash logistics firms to enhance security, create more jobs: CLA

The guidelines have bring the companies at par with global standard and practices, and help greatly improve security of the public money, the Cash Logistics Association said. from Banking/Finance-Industry-Economic Times https://ift.tt/2Ocr1...

Read more »

SBI to buy assets worth Rs 45,000 crore from NBFCs to resolve liquidity crisis

"This is a good commercial opportunity for the bank to increase the loan portfolio as NBFC assets are available at attractive rates," SBI managing director P K Gupta told PTI. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2pHAo...

Read more »

Despite financial distress, IL&FS bids to buy Dighi Port

Files EoI under Corporate Insolvency Resolution Process for its associate firm from Business Line - Money & Banking https://ift.tt/2A0aU...

Read more »

Bank of Baroda-Vijaya-Dena merger gets a step closer; board approval done, proposal sent for government nod

BoB-Vijaya-Dena merger: The next step for the merger is getting government's formal approval, followed by the swap ration, Bank of Baroda MD and CEO PS Jayakumar told reporters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OREc...

Read more »

India Post aims to increase market share in parcel business segment to 10% in 2 years, says Manoj Sinha

India Post handled 618 crore mail articles, 46 crore speed post articles and 18 crores registered articles in the last financial year 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NwRJ...

Read more »

Over 77,000 payments bank accounts opened in Maharashtra, Goa postal circle, says official

The Maharashtra and Goa Circle of India Post has got 77,339 customers for its payments bank since the facility was launched nationwide on September 1, a senior postal department official said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ORE8...

Read more »

WhatsApp to meet RBI norm: Messaging platform sets up system to store payments-related data locally in India

Messaging platform WhatsApp Tuesday said it has set up a system in India that stores payments-related data locally in the country to comply with RBI regulations. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QCPs...

Read more »

After failing to get single bid from banks, debt-struck Air India plans this to raise Rs 500 crore loan

Unable to get a single bid from banks for more than a month to raise Rs 500 crore, debt-struck national carrier Air India has extended the deadline of its tender till October 31. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4oW...

Read more »

Indiabulls Housing Finance ups home loan rates by 20 bps

Indiabulls Housing Finance on Tuesday said it has raised interest rates on home loans by 20 basis points, owing to higher funding costs. The new rate from Business Line - Money & Banking https://ift.tt/2y8FU...

Read more »

Bank of Baroda, Vijaya Bank, Dena Bank send merger proposal for govt nod

He said the merger will take four to six months to complete. from Banking/Finance-Industry-Economic Times https://ift.tt/2y8LI...

Read more »

State Bank of India ups target for loan portfolio purchase from NBFCs

India's NBFC sector has been in the spotlight after IL&FS, a major infrastructure financing and construction company, defaulted on a string of debt obligations in recent weeks. from Banking/Finance-Industry-Economic Times https://ift.tt/2QF6x...

Read more »

BoB, Vijaya Bank, Dena Bank send merger proposal for govt nod

After getting approvals from their respective boards, state-run Bank of Baroda, Vijaya Bank and Dena Bank have sent the proposal to merge all the thr from Business Line - Money & Banking https://ift.tt/2IMCi...

Read more »

Bank of Baroda says no defaults on loan to IL&FS so far

"Bank of Baroda is not averse to lending to NBFCs and that in due course normalcy would be restored to the sector," bank CEO said. from Banking/Finance-Industry-Economic Times https://ift.tt/2pIKk...

Read more »

Over 77,000 payments bank accounts opened in Maharashtra, Goa postal circle

The Maharashtra and Goa Circle of India Post has got 77,339 customers for its payments bank since the facility was launched nationwide on September 1 from Business Line - Money & Banking https://ift.tt/2EakF...

Read more »

WhatsApp sets up system to store payments-related data locally to meet RBI norm

​The Reserve Bank of India (RBI), in a circular dated April 6, had said all system providers shall ensure that the entire data relating to payment systems operated by them are stored in a system only in India. It had given time till October 15 to comply with the mandate. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QERE...

Read more »

WhatsApp sets up system to store payments-related data locally to meet RBI norm

Messaging platform WhatsApp on Tuesday said it has set up a system in India that stores payments-related data in the country to comply with RBI regul from Business Line - Money & Banking https://ift.tt/2RCjR...

Read more »

PNB Housing Finance raises first ECB of $200 million

The fund raising through the automatic route is a first for the company after the RBI had earlier allowed housing finance companies to borrow through ECB under the automatic route. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C6He...

Read more »

PNB says on track to bounce back, recovers Rs 13,000 cr in first two quarters

Punjab National Bank on Monday said it is well on its course in recovery and loan upgradation initiatives for the current fiscal with almost Rs 13,000 crore recovered and upgraded in the first two quarters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zYTa...

Read more »

SC to RBI: Reply to plea over banks not passing on rate cuts on loans

Petitioner ‘MoneyLife Foundation’ told SC while rate cuts are passed on to new borrowers, there is minimal or often no reduction in interest rates of old borrowers. The petitioner has claimed wrongful loss to consumers/borrowers is well in excess of Rs 10,000 crore for denial of every 1% of the benefit from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2E97A...

Read more »

Work on succession plan at Yes Bank already under way: Rajat Monga, senior group president

The succession at Yes Bank will find its logical conclusion and the process has already started, says Rajat Monga, senior group president, Yes Bank. from Banking/Finance-Industry-Economic Times https://ift.tt/2QAmW...

Read more »

Social Finance launches $2 billion India funds

The two funds will be geared towards meeting financial requirements of projects that are aligned with the Modi government initiatives. from Banking/Finance-Industry-Economic Times https://ift.tt/2pIaN...

Read more »

PNB Housing Finance raises first ECB of $200 million

The fund raising through the automatic route is a first for the company after the RBI had earlier allowed housing finance companies to borrow through ECB under the automatic route. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C6He...

Read more »

PNB says on track to bounce back, recovers Rs 13,000 cr in first two quarters

Punjab National Bank on Monday said it is well on its course in recovery and loan upgradation initiatives for the current fiscal with almost Rs 13,000 crore recovered and upgraded in the first two quarters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zYTa...

Read more »

PNB Housing Finance raises first ECB of $200 million

The fund raising through the automatic route is a first for the company after the RBI had earlier allowed housing finance companies to borrow through ECB under the automatic route. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C6He...

Read more »

PNB says on track to bounce back, recovers Rs 13,000 cr in first two quarters

Punjab National Bank on Monday said it is well on its course in recovery and loan upgradation initiatives for the current fiscal with almost Rs 13,000 crore recovered and upgraded in the first two quarters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zYTa...

Read more »

As funds dry up, housing finance companies cut down disbursements

Some NBFCs have already cut back a bit on disbursement targets this year as funding dries up, said experts and company insiders. from Banking/Finance-Industry-Economic Times https://ift.tt/2yoXz...

Read more »

PNB Housing Finance raises first ECB of $200 million

The fund raising through the automatic route is a first for the company after the RBI had earlier allowed housing finance companies to borrow through ECB under the automatic route. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C6He...

Read more »

PNB says on track to bounce back, recovers Rs 13,000 cr in first two quarters

Punjab National Bank on Monday said it is well on its course in recovery and loan upgradation initiatives for the current fiscal with almost Rs 13,000 crore recovered and upgraded in the first two quarters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zYTa...

Read more »

Yes Bank promoters may go in for a truce

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O9JO...

Read more »

PNB Housing Finance raises first ECB of $200 million

The fund raising through the automatic route is a first for the company after the RBI had earlier allowed housing finance companies to borrow through ECB under the automatic route. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C6He...

Read more »

PNB says on track to bounce back, recovers Rs 13,000 cr in first two quarters

Punjab National Bank on Monday said it is well on its course in recovery and loan upgradation initiatives for the current fiscal with almost Rs 13,000 crore recovered and upgraded in the first two quarters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zYTa...

Read more »

Bank Unions to protest against PSU banks’ merger decision on Tuesday

A bank employee unions' federation has called upon bank unions to hold demonstrations Tuesday to protest against the merger of three state-run lenders --Bank of Baroda, Vijaya Bank and Dena Bank, a union leader said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OJCH...

Read more »

NHB enhance refinance limit to Rs 30,000 cr to help mortgage firms tide over liquidity crunch

The National Housing Bank (NHB) has increased the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector, according to an official release. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C5JZ...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Supreme Court Monday directed RBI to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OKOf...

Read more »

What protection is available to a depositor if bank fails: Delhi HC asks Centre

What is the protection available to customers having deposits of over Rs 1 lakh if a bank fails, the Delhi High Court asked the Centre on Monday, saying this was a matter of public importance. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4Lu...

Read more »

PNB Housing Finance raises first ECB of $200 million

The fund raising through the automatic route is a first for the company after the RBI had earlier allowed housing finance companies to borrow through ECB under the automatic route. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C6He...

Read more »

PNB says on track to bounce back, recovers Rs 13,000 cr in first two quarters

Punjab National Bank on Monday said it is well on its course in recovery and loan upgradation initiatives for the current fiscal with almost Rs 13,000 crore recovered and upgraded in the first two quarters. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zYTa...

Read more »

Bank Unions to protest against PSU banks’ merger decision on Tuesday

A bank employee unions' federation has called upon bank unions to hold demonstrations Tuesday to protest against the merger of three state-run lenders --Bank of Baroda, Vijaya Bank and Dena Bank, a union leader said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OJCH...

Read more »

NHB enhance refinance limit to Rs 30,000 cr to help mortgage firms tide over liquidity crunch

The National Housing Bank (NHB) has increased the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector, according to an official release. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C5JZ...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Supreme Court Monday directed RBI to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OKOf...

Read more »

What protection is available to a depositor if bank fails: Delhi HC asks Centre

What is the protection available to customers having deposits of over Rs 1 lakh if a bank fails, the Delhi High Court asked the Centre on Monday, saying this was a matter of public importance. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4Lu...

Read more »

Bank Unions to protest against PSU banks’ merger decision on Tuesday

A bank employee unions' federation has called upon bank unions to hold demonstrations Tuesday to protest against the merger of three state-run lenders --Bank of Baroda, Vijaya Bank and Dena Bank, a union leader said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OJCH...

Read more »

NHB enhance refinance limit to Rs 30,000 cr to help mortgage firms tide over liquidity crunch

The National Housing Bank (NHB) has increased the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector, according to an official release. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C5JZ...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Supreme Court Monday directed RBI to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OKOf...

Read more »

What protection is available to a depositor if bank fails: Delhi HC asks Centre

What is the protection available to customers having deposits of over Rs 1 lakh if a bank fails, the Delhi High Court asked the Centre on Monday, saying this was a matter of public importance. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4Lu...

Read more »

Bank Unions to protest against PSU banks’ merger decision on Tuesday

A bank employee unions' federation has called upon bank unions to hold demonstrations Tuesday to protest against the merger of three state-run lenders --Bank of Baroda, Vijaya Bank and Dena Bank, a union leader said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OJCH...

Read more »

NHB enhance refinance limit to Rs 30,000 cr to help mortgage firms tide over liquidity crunch

The National Housing Bank (NHB) has increased the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector, according to an official release. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C5JZ...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Supreme Court Monday directed RBI to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OKOf...

Read more »

What protection is available to a depositor if bank fails: Delhi HC asks Centre

What is the protection available to customers having deposits of over Rs 1 lakh if a bank fails, the Delhi High Court asked the Centre on Monday, saying this was a matter of public importance. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4Lu...

Read more »

Bank Unions to protest against PSU banks’ merger decision on Tuesday

A bank employee unions' federation has called upon bank unions to hold demonstrations Tuesday to protest against the merger of three state-run lenders --Bank of Baroda, Vijaya Bank and Dena Bank, a union leader said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OJCH...

Read more »

NHB enhance refinance limit to Rs 30,000 cr to help mortgage firms tide over liquidity crunch

The National Housing Bank (NHB) has increased the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector, according to an official release. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C5JZ...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Supreme Court Monday directed RBI to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OKOf...

Read more »

What protection is available to a depositor if bank fails: Delhi HC asks Centre

What is the protection available to customers having deposits of over Rs 1 lakh if a bank fails, the Delhi High Court asked the Centre on Monday, saying this was a matter of public importance. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4Lu...

Read more »

Bank Unions to protest against PSU banks’ merger decision on Tuesday

A bank employee unions' federation has called upon bank unions to hold demonstrations Tuesday to protest against the merger of three state-run lenders --Bank of Baroda, Vijaya Bank and Dena Bank, a union leader said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OJCH...

Read more »

NHB enhance refinance limit to Rs 30,000 cr to help mortgage firms tide over liquidity crunch

The National Housing Bank (NHB) has increased the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector, according to an official release. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C5JZ...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Supreme Court Monday directed RBI to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OKOf...

Read more »

What protection is available to a depositor if bank fails: Delhi HC asks Centre

What is the protection available to customers having deposits of over Rs 1 lakh if a bank fails, the Delhi High Court asked the Centre on Monday, saying this was a matter of public importance. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4Lu...

Read more »

Bank Unions to protest against PSU banks’ merger decision on Tuesday

A bank employee unions' federation has called upon bank unions to hold demonstrations Tuesday to protest against the merger of three state-run lenders --Bank of Baroda, Vijaya Bank and Dena Bank, a union leader said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OJCH...

Read more »

NHB enhance refinance limit to Rs 30,000 cr to help mortgage firms tide over liquidity crunch

The National Housing Bank (NHB) has increased the refinance limit to Rs 30,000 crore for housing finance companies for 2018-19 in view of the current liquidity position of the sector, according to an official release. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C5JZ...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Supreme Court Monday directed RBI to communicate its decision on the representation over banks delaying passing on the benefit of lower interest rates to those who have taken loans at floating interest rates. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OKOf...

Read more »

What protection is available to a depositor if bank fails: Delhi HC asks Centre

What is the protection available to customers having deposits of over Rs 1 lakh if a bank fails, the Delhi High Court asked the Centre on Monday, saying this was a matter of public importance. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4Lu...

Read more »

Federal Bank gets RBI nod to sell 45% stake in NBFC arm to True North

Federal Bank Monday said the Reserve Bank has approved proposal to sell up to 45 per cent stake in NBFC arm Fedfina to private equity firm True North. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qzzw...

Read more »

Federal Bank gets RBI nod to sell 45% stake in NBFC arm to True North

Federal Bank Monday said the Reserve Bank has approved proposal to sell up to 45 per cent stake in NBFC arm Fedfina to private equity firm True North. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qzzw...

Read more »

Bank Unions to protest against PSU banks' merger decision on Tuesday

The boards of three state-run banks Dena Bank, Bank of Baroda, and Vijaya Bank have approved the proposed merger. from Banking/Finance-Industry-Economic Times https://ift.tt/2PkeY...

Read more »

IBC rejig gives priority to operational creditors

But payment to be linked to resolution from Business Line - Money & Banking https://ift.tt/2RGAs...

Read more »

PNB Housing raises $200 m via ECB under automatic route

  PNB Housing Finance (PNBHFL) has raised $200 million (₹1,470 crore) through external commercial borrowing (ECB).This is the first under the automati from Business Line - Money & Banking https://ift.tt/2E7KB...

Read more »

Federal Bank gets RBI nod to sell 45% stake in NBFC arm to True North

Federal Bank Monday said the Reserve Bank has approved proposal to sell up to 45 per cent stake in NBFC arm Fedfina to private equity firm True North. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Qzzw...

Read more »

Supreme Court seeks RBI response on plea over banks not passing benefits of low interest rates

The Reserve Bank of India (RBI) undertakes bi-monthly monetary policy review and sets the repo rate -- at which it lends money to the banking/financial system, setting the tone for the interest rate regime which impacts, among others, EMI for home and auto loans. Reverse repo is the rate at which it borrows money from banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2yiPp...

Read more »

Flipkart partners Bajaj Allianz to offer insurance for mobile phones

Flipkart, a leading e-commerce player, has tied up with Bajaj Allianz General Insurance to offer customised insurance to leading mobile brands being s from Business Line - Money & Banking https://ift.tt/2y6T7...

Read more »

Kotak Bank in talks with RBI to sort out promoter shareholding issue

May seek extension of deadline to March 31 from Business Line - Money & Banking https://ift.tt/2NvOn...

Read more »

Govt seeks special powers for new IL&FS board

Wants certain exemptions from Companies Act from Business Line - Money & Banking https://ift.tt/2y7aW...

Read more »

What protection is available to a depositor if bank fails: High court asks Centre

The DICGC, a subsidiary of the Reserve Bank of India (RBI), was established in 1961 for providing insurance on deposits and guaranteeing of credit facilities. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PnGi...

Read more »

NHB hikes refinance limit of housing finance companies to ₹30,000 crore

Our BureauHousing finance regulator National Housing Bank (NHB) has decided to increase the refinance limit for eligible housing finance companies (HF from Business Line - Money & Banking https://ift.tt/2pKF9...

Read more »

Punjab National Bank aims to make a strong comeback in Q2

Targets a recovery of ₹20,000 crore; strengthens internal systems and processes to prevent future frauds from Business Line - Money & Banking https://ift.tt/2ykHj...

Read more »

NHB enhance refinance limit to Rs 30,000 crore to help mortgage firms tide over liquidity crunch

The housing finance regulator had originally set the refinance target at Rs 24,000 crore for 2018-19 beginning July this year. from Banking/Finance-Industry-Economic Times https://ift.tt/2OdlP...

Read more »

What protection is available to a depositor if bank fails: Delhi High Court asks Centre

It was reported in August that the Centre has turned down suggestions to raise the insurance cover on bank deposits to Rs 15 lakh from the current Rs one lakh. from Banking/Finance-Industry-Economic Times https://ift.tt/2ym8J...

Read more »

YES Bank shares up 7% as promoters consider out-of-court settlement

Rana Kapoor welcomes appointment of external members to appoint successor from Business Line - Money & Banking https://ift.tt/2pH5F...

Read more »

Rupee tumbles to record lows

Equity market sell-off, foreign money outflows will weigh on the currency from Business Line - Money & Banking https://ift.tt/2PqWX...

Read more »

In run up to polls, keeping expenditure within bounds a challenge: RBI

Given the impending elections in several States and at the Centre, the Reserve Bank of India said adherence to the budgeted revenue expenditure will b from Business Line - Money & Banking https://ift.tt/2OMyO...

Read more »

RBI wants public data to be stored in India: What it means, how it will impact mobile wallet companies

With nearly USD 3 billion being transacted through digital payments alone in India, it is estimated that by 2022, the digital economy is likely to contribute nearly 20% of the GDP of India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4ni...

Read more »

RBI wants public data to be stored in India: What it means, how it will impact mobile wallet companies

With nearly USD 3 billion being transacted through digital payments alone in India, it is estimated that by 2022, the digital economy is likely to contribute nearly 20% of the GDP of India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4ni...

Read more »

Rupee crashes to new record closing low of 74.06 against US dollar

The rupee today touched a life-time low of 74.23 (intra-day) after the Reserve Bank of India (RBI) unexpectedly kept the policy rate unchanged. The Indian currency closed at 74.06 against its previous close (October 5) of 73.76. Forex dealers said the dollar's strength against major global currencies weighed on the rupee sentiment. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2y7q5...

Read more »

Data localisation: Jaitley meets RBI DG, IT Secy

Finance Minister Arun Jaitley Monday met RBI Deputy Governor B P Kanungo to discuss RBI’s data localisation norm for global financial technology comp from Business Line - Money & Banking https://ift.tt/2CuNJ...

Read more »

Federal Bank gets RBI nod to sell 45% Fedfina stake to True North

Federal Bank on Monday said the Reserve Bank has approved the proposal to sell up to 45 per cent stake in NBFC arm Fedfina to private equity firm Tru from Business Line - Money & Banking https://ift.tt/2yq2U...

Read more »

RBI wants public data to be stored in India: What it means, how it will impact mobile wallet companies

With nearly USD 3 billion being transacted through digital payments alone in India, it is estimated that by 2022, the digital economy is likely to contribute nearly 20% of the GDP of India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C4ni...

Read more »

IL&FS effect: NBFCs brace for tighter regulation

Borrowing rates in India’s money markets climbed to a four-year high this month following IL&FS’s defaults. Stricter rules at a juncture when funding is becoming difficult may force smaller non-bank finance companies (NBFCs) to shut. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ryb9...

Read more »