RBI opens banking tap to ease liquidity crunch at NBFCs: Assocham

The industry body said the whole issue of asset liability mismatch is more relevant in case of long-term lending companies like the housing finance companies and infra financing NBFCs. from Banking/Finance-Industry-Economic Times https://ift.tt/2EJ0f...

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HDFC Bank Q2 results: Net profit rises 21% to Rs 5,005 crore; gross NPA at 1.33%

HDFC Bank Q2 results: HDFC Bank today reported a 21% jump in its profit on-year to Rs 5,005 in the second quarter of the financial year 2018-19, which could be positive for the banking sector amid losses, change of leadership and high NPAs at other public and private banks. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Owwc...

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'SBI plans to open wealth hubs in 50 centres by 2020'

Interacting with media after launching the hub, Rajnish Kumar said the bank that has rebranded its wealth business as SBI wealth, seeks to offer the best-in-class personalised banking and investment services to its elite high net worth individual (HNI) clients through a dedicated team of relationship managers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JbT3...

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SBI targets 2 lakh customers under wealth business service

State Bank of India (SBI), which offers personalised banking and investment services to its HNI (high networth individual) customers under ‘SBI Wealth from Business Line - Money & Banking https://ift.tt/2Ak7u...

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Sundaram BNP Paribas increases deposit rates

Sundaram BNP Paribas, a joint venture between non-banking finance company Sundaram Finance Limited and BNP Paribas Personal Finance, has revised the i from Business Line - Money & Banking https://ift.tt/2CuqK...

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HDFC Bank's net profit rises 21% in Q2

The net interest income (interest earned minus interest expended) for the quarter grew by 20.6 per cent to Rs 11,763.4 crore, driven by average asset growth of 22.9 per cent and a net interest margin of 4.3 per cent, it said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OyFh...

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HDFC Bank Q2 net rises 21 per cent to ₹5,005 cr

Private bank HDFC Bank on Saturday reported a rise of 20.6 per cent in its net profit to ₹5,005.73 crore for the second quarter ended September this from Business Line - Money & Banking https://ift.tt/2PKyT...

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HDFC Bank Q2 net profit rises 20.6% to over Rs 5,000 cr

Private sector HDFC Bank has posted a 20.6 per cent increase in its net profit to Rs 5,005.7 crore in the second quarter of the fiscal as against Rs 4 from Business Line - Money & Banking https://ift.tt/2Owws...

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ICICI Lombard posts 44% rise in Q2 net profit

Private sector insurer ICICI Lombard General Insurance has posted a 43.6 per cent increase in its net profit to ₹293 crore in the second quarter of t from Business Line - Money & Banking https://ift.tt/2PK4n...

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Maharashtra State Co-operative Bank to enter retail banking through merger of UCB branches

Although the proposal is yet to be cleared by the RBI, the MSC Bank has already received a proposal of merger from the Rupee Co-operative Bank. from Banking/Finance-Industry-Economic Times https://ift.tt/2PHjd...

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IFC launches $1 billion masala bond issue

The first tranche of $100 million, which opened on Thursday night on the LSE, was sold to a range of investors, including asset managers, banks, and a pension fund, in the US and Europe, IFC said in a statement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2R39a...

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RBI gives banks more room to lend to NBFCs

The Reserve Bank of India (RBI) has given banks more headroom to lend to non-banking finance companies (NBFCs) by exempting these loans from some of the prescriptions on liquidity requirements. Additionally, the single-borrower limit for even those NBFCs not in the infrastructure segment has now been hiked to 15% of capital funds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ExrL...

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Analyst corner: Maintain ‘hold’ on South Indian Bank

Narrower spreads and lower Treasury income led to South Indian Bank’s weak operating performance this quarter. On a positive note, lower slippages led to stabilising asset quality. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2q9Hn...

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You can buy and sell bitcoins at this ATM in Bengaluru

Cryptocurrency exchange Unocoin has launched an ATM — or a kiosk, as the company prefers to call it — for Indians to buy and sell bitcoins. The first of these has been installed in a mall in Bengaluru. The ATM, provided by ATM-maker NCR, is like the regular bank machine that we see, but with a few modifications. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ypw8...

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You can buy and sell bitcoins at this ATM in Bengaluru

Cryptocurrency exchange Unocoin has launched an ATM — or a kiosk, as the company prefers to call it — for Indians to buy and sell bitcoins. The first of these has been installed in a mall in Bengaluru. The ATM, provided by ATM-maker NCR, is like the regular bank machine that we see, but with a few modifications. from Banking/Finance-Industry-Economic Times https://ift.tt/2EwNd...

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International Finance Corporation launches $1-billion masala bonds

By pioneering the offshore rupee market through masala bonds, IFC succeeded in setting an AAA pricing benchmark for the market by strategically issuing bonds for tenors of three, five, seven, 10, and 15 years. from Banking/Finance-Industry-Economic Times https://ift.tt/2AjfM...

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RBI against separate regulator for payments system; issues dissent note

The Reserve Bank Friday made public its strongly-worded dissent note on certain recommendations of a government panel on changes to payment and settlement laws and said the regulation of payments system should remain with the central bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PacM...

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RBI opens more liquidity taps to lend to NBFCs

Banks’ single-client exposure limit for NBFCs raised to 15% of capital funds from Business Line - Money & Banking https://ift.tt/2CVdu...

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Rising oil prices, weak rupee prompted MPC members to maintain status quo

A majority of the monetary policy committee (MPC) members wanted the cumulative 50 basis points increase in repo rate in June and August to work its w from Business Line - Money & Banking https://ift.tt/2CrdK...

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IRB Infra achieves financial closure for HAM project

In 20-21 days funds were tied up for three hybrid-annuity projects from Business Line - Money & Banking https://ift.tt/2NPtf...

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Malabar Group offers 250-kg gold for Diwali

 Malabar Gold & Diamonds, one of the largest jewellery retain chains with 250 showrooms in 10 countries, will offer 250 kg of gold as Diwali gift from Business Line - Money & Banking https://ift.tt/2Ct9K...

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‘We expect the first REIT to be listed by the end of FY19’

   Well-managed Real Estate Investment Trusts (REITs) can give returns of 10-12 per cent to investors, which is higher than fixed debt returns from fi from Business Line - Money & Banking https://ift.tt/2NN4d...

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Will the promoters enable a smooth transition for YES Bank’s next CEO?

Rana Kapoor trying to work out a resolution proposal with co-promoter Madhu Kapur from Business Line - Money & Banking https://ift.tt/2AjN7...

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IFC launches $1-b Masala bonds

IFC, a member of the World Bank Group, has launched Masala bonds worth $1 billion to fund its rapidly-expanding investment activities in India.The fir from Business Line - Money & Banking https://ift.tt/2R1nC...

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RBI issues dissent note against separate regulator for payments system

The Reserve Bank of India (RBI) has opposed a proposal to set up a separate and independent regulator for the payments industry in the country.An inte from Business Line - Money & Banking https://ift.tt/2PO43...

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‘Indian firms have a long way to go in transparency, governance’

SurabhiIndian companies have a long way to go in terms of improving transparency and governance although there has been a cultural shift towards it, from Business Line - Money & Banking https://ift.tt/2NQGE...

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Hudco plans to issue bonds worth ₹500 cr

Funds to be utilised to implement Pradhan Mantri Awas Yojana from Business Line - Money & Banking https://ift.tt/2q1ws...

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FIDC welcomes RBI move to support NBFCs

Our BureauFinance Industry Development Council (FIDC) has welcomed the RBI move to make available more funds from the banking system for the support o from Business Line - Money & Banking https://ift.tt/2NQGB...

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ICICI Securities PAT rises 3.22% to ₹134 cr

Leading investment services firm ICICI Securities on Friday reported a 3.22 per cent growth in its net consolidated profit after tax (PAT) to ₹134.22 from Business Line - Money & Banking https://ift.tt/2CVA9...

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ICICI Securities PAT rises 3.22% to ₹134 cr

Leading investment services firm ICICI Securities on Friday reported a 3.22 per cent growth in its net consolidated profit after tax (PAT) to ₹134.22 from Business Line - Money & Banking https://ift.tt/2CUNJ...

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IL&FS Investment Managers' non-executive director Vibhav Kapoor resigns from board

The company did not give the reason for his resignation. from Banking/Finance-Industry-Economic Times https://ift.tt/2S1yx...

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Leap Greens Energy appoints Barclays Bank to raise $250 million

Leap Greens Energy (LGE), an independent power producing company, has appointed Barclays Bank as financial advisors to raise close to $250 million.The from Business Line - Money & Banking https://ift.tt/2P7IM...

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NBFCs liquidity crunch to hit home loan sales: report

The ongoing liquidity squeeze will slow down non-banks home loan disbursements, a report has said. Home prices, which have witnessed a relative slowd from Business Line - Money & Banking https://ift.tt/2NOWh...

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FinMin pins hope on PSU mergers, share buybacks to meet FY19 disinvestment target

The Finance Ministry is banking on merger and acquisitions among PSUs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal year 2018-19. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2S1ty...

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RBI announces more steps to increase credit flow to NBFCs

The Reserve Bank Friday announced more measures to increase liquidity flows to the non-banking financial companies. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NNoG...

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Cash crunch at NBFCs set to curb two-wheeler volumes: report

Non-banking financial companies (NBFCs) are likely to witness severe cash crunch due to the near-term maturity of commercial papers (CPs) subscribed from Business Line - Money & Banking https://ift.tt/2NRww...

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FinMin pins hope on PSU mergers, share buybacks to meet FY19 disinvestment target

The Finance Ministry is banking on merger and acquisitions among PSUs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal year 2018-19. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2S1ty...

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RBI announces more steps to increase credit flow to NBFCs

The Reserve Bank Friday announced more measures to increase liquidity flows to the non-banking financial companies. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NNoG...

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NBFCs liquidity crunch to hit home loan sales: report

Home prices, which have witnessed a relative slowdown in growth, will continue to be under pressure, Japanese brokerage Nomura has said. from Banking/Finance-Industry-Economic Times https://ift.tt/2PJo6...

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RBI announces more steps to increase credit flow to NBFCs

The Reserve Bank of India on Friday announced more measures to increase liquidity flows to the non-banking financial companies. The RBI permitted ba from Business Line - Money & Banking https://ift.tt/2CTgg...

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Rupee recovers losses, up by 19 paise against US dollar

Dealers said the Reserve Bank of India's steps to ease liquidity concerns of NBFCs also helped the domestic currency. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2R0sI...

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Liquidity concerns: RBI relaxes banks' exposure limit for NBFCs

Single borrower exposure limit for NBFCs hiked to 15% of capital funds from Business Line - Money & Banking https://ift.tt/2ExO3...

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Yes Bank slips after RBI denies extension for Rana Kapoor

Yes Bank Ltd falls as much as 5.4 per cent to Rs 219.40, among the top per cent losers on the NSE index after RBI denied extension to CEO Rana Kapoor. from Business Line - Money & Banking https://ift.tt/2RW8T...

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Are banks really closed for 11 days in October, November? Don’t panic; check holiday dates here

Rumours circulating on social media have made the assumption that banks will be closed on several days for Diwali and allied festivals. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yHpq...

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Too many PSU banks in India; here’s what SBI Chief Rajnish Kumar has to say

On September 17, the Narendra Modi government announced the merger proposal of Bank of Baroda, Vijaya Bank and Dena Bank with an aim to make the entity the third largest bank in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AgLj...

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IL&FS Transportation: Vineet Nayyar, Rajan not yet appointed on board

It can be noted that following a string of defaults, and the resultant market mayhem, the government earlier this month took over the company and appointed a new six-member board. from Banking/Finance-Industry-Economic Times https://ift.tt/2AgLD...

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Too many PSU banks in India; here’s what SBI Chief Rajnish Kumar has to say

On September 17, the Narendra Modi government announced the merger proposal of Bank of Baroda, Vijaya Bank and Dena Bank with an aim to make the entity the third largest bank in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AgLj...

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Too many PSU banks in India; here’s what SBI Chief Rajnish Kumar has to say

On September 17, the Narendra Modi government announced the merger proposal of Bank of Baroda, Vijaya Bank and Dena Bank with an aim to make the entity the third largest bank in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AgLj...

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Too many PSU banks in India; here’s what SBI Chief Rajnish Kumar has to say

On September 17, the Narendra Modi government announced the merger proposal of Bank of Baroda, Vijaya Bank and Dena Bank with an aim to make the entity the third largest bank in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AgLj...

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Too many PSU banks in India; here’s what SBI Chief Rajnish Kumar has to say

On September 17, the Narendra Modi government announced the merger proposal of Bank of Baroda, Vijaya Bank and Dena Bank with an aim to make the entity the third largest bank in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AgLj...

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Too many PSU banks in India; here’s what SBI Chief Rajnish Kumar has to say

On September 17, the Narendra Modi government announced the merger proposal of Bank of Baroda, Vijaya Bank and Dena Bank with an aim to make the entity the third largest bank in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AgLj...

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Central Bank of India's exposure less than 2 pc of IL&FS Group's aggregate external debt

The Infrastructure Leasing and Financial Services (IL&FS) crisis has sparked off concerns of liquidity crunch in financial markets. from Banking/Finance-Industry-Economic Times https://ift.tt/2Oy3q...

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RBI to provide 2% interest subvention on crop loans

Move will help farmers affected by natural calamities from Business Line - Money & Banking https://ift.tt/2J2Sv...

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Financial service providers outside the purview of IBC, says NCLAT

  The National Company Law Appellate Tribunal (NCLAT) and NCLT (Mumbai Bench), in recent judgments, have observed that financial service providers suc from Business Line - Money & Banking https://ift.tt/2OvVl...

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DCB Bank posts ₹ 73 cr profit in Q2

Private sector DCB Bank Wednesday reported a net profit of ₹73 crore for the quarter ended September 2018, up 23.70 per cent on annual basis, said a from Business Line - Money & Banking https://ift.tt/2AfqH...

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Aadhaar still the ‘most important’ document for banks, telcos

  Even though the Supreme Court’s recent ruling has barred private companies from seeking Aadhaar details, banking institutions and telecom companies from Business Line - Money & Banking https://ift.tt/2QTpA...

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ICICI Bank launches pre-approved vehicle loans

To help customers buy vehicles during the festival season, ICICI Bank has launched a pre-approved loan facility for its savings account holders. The l from Business Line - Money & Banking https://ift.tt/2AfHm...

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Exclusions in health policies: IRDAI panel to submit report by year-end

Autoimmune, lifestyle diseases likely to get insurance cover from Business Line - Money & Banking https://ift.tt/2J3WV...

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DCB Bank posts 25% increase in Q2 net profit

  Private sector lender DCB Bank, on Wednesday, posted a 25 per cent increase in net profit at ₹73 crore in the second quarter of the fiscal.The bank from Business Line - Money & Banking https://ift.tt/2OsBe...

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PNB fraud: ED attaches over ₹ 218-cr worth of Choksi assets

The Enforcement Directorate (ED) on Wednesday seized assets worth over Rs 218 crore, including diamonds and flats abroad, in the nearly Rs 13,000 cro from Business Line - Money & Banking https://ift.tt/2J2M5...

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PNB fraud: ED attaches over ₹ 218-cr worth of Choksi assets

The Enforcement Directorate (ED) Wednesday seized assets worth over ₹ 218 crore in the nearly ₹ 13,000 crore loan fraud case probe, officials said. T from Business Line - Money & Banking https://ift.tt/2QUBq...

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NBFC lending against shares of little known cos under RBI lens

Rules specify that only shares that fall under Group 1 are eligible for pledge from Business Line - Money & Banking https://ift.tt/2QWxI...

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RBI denies more time to Yes Bank CEO Rana Kapoor; asks to appoint new chief by Feb 1

Yes Bank had announced on September 17 that the RBI has directed Rana Kapoor to step down as the MD and CEO of the bank by January 31, 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2COx7...

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RBI wants to pull its directors out of PSU banks, Finance Ministry disagrees; check what both say

Now, neither the government is receptive of the RBI's idea of withdrawing its directors, nor it wants the RBI to have additional powers over regulation of PSU banks, as the government is of the view that the regulator already enjoys sufficient powers. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUws...

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IBBI slaps monetary penalty on IP

Fine equivalent to 100% of fees as IRP and IP from Business Line - Money & Banking https://ift.tt/2OYNS...

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RBI refuses extension toYES Bank chief Kapoor

Tells lender to find a new CEO by Feb 1 from Business Line - Money & Banking https://ift.tt/2NNyG...

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RBI tells Yes Bank to appoint new chief by Feb 1

The RBI had earlier curtailed the three-year term that the board had sought for Kapoor, also one of the promoters of the bank, to January 31, 2019, and asked the bank to find a replacement. Yes Bank shares dropped 6.85 per cent to close at Rs 231.75 apiece on BSE. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2yjUA...

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RBI denies more time to Yes Bank CEO Rana Kapoor; asks to appoint new chief by Feb 1

Yes Bank had announced on September 17 that the RBI has directed Rana Kapoor to step down as the MD and CEO of the bank by January 31, 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2COx7...

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RBI wants to pull its directors out of PSU banks, Finance Ministry disagrees; check what both say

Now, neither the government is receptive of the RBI's idea of withdrawing its directors, nor it wants the RBI to have additional powers over regulation of PSU banks, as the government is of the view that the regulator already enjoys sufficient powers. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUws...

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ICICI Bank offers full finance for pre-approved car loans

ICICI Bank launched a pre-approved loan facility for its savings account holders wherein the bank would finance upto 100 per cent of the on-road car p from Business Line - Money & Banking https://ift.tt/2PEN8...

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RBI refuses more time to Rana Kapoor, tells Yes Bank to appoint new chief by Feb 1

The Yes Bank board had sought at least a three-month extension for Kapoor from the RBI beyond January 31, 2019. from Banking/Finance-Industry-Economic Times https://ift.tt/2PDd1...

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RBI reaffirmed Yes Bank CEO Kapoor’s successor to be appointed by Feb. 1

India's Yes Bank Ltd on Wednesday said the Reserve Bank of India has reaffirmed that a successor to chief executive officer Rana Kapoor should be app from Business Line - Money & Banking https://ift.tt/2COUE...

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Sundarm Finance hikes deposit rates

Sundaram Finance has hiked the interest rates on fresh deposits/renewals to 7.75 per cent (7.50 per cent) per annum for 12 and 18 months and to 8 per from Business Line - Money & Banking https://ift.tt/2pWPV...

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Don't depend on private persons for mobilising bulk deposits, CVC tells banks

To prevent fixed deposit (FD) frauds, the Central Vigilance Commission (CVC) has asked banks to eschew dependence on private persons for accepting bul from Business Line - Money & Banking https://ift.tt/2NLDE...

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Platform companies: Leveraging the India story in the long run

The single most significant takeaway is that as real GDP has trended upwards, the equity market, in real terms (inflation adjusted), has moved higher with considerable volatility. from Banking/Finance-Industry-Economic Times https://ift.tt/2COwd...

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MoonX plans to launch its operations by next month-end

MoonX, Switzerland-based technology startup and a platform for trading crypto assets, is planning to launch its operations from India by the end of from Business Line - Money & Banking https://ift.tt/2QVQe...

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Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore

Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUXN...

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IL&FS former chief blames LIC, macros for crisis; refutes charges of wrongdoings

In an affidavit filed with NCLT, Hari Sankaran has said that LIC’s decision in 2015 not to back the proposed merger with Piramal worsened the crisis at the group from Banking/Finance-Industry-Economic Times https://ift.tt/2EzCU...

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Banks back revised JSW offer for Bhushan Power and Steel

Nearly 90% of lenders voted in favour of Sajjan Jindal-promoted JSW’s bid, which has offered upfront payment of Rs 19,300 crore to banks in lieu of the loans they have to recover from debt-laden Bhushan Power and Steel (BPSL). from Banking/Finance-Industry-Economic Times https://ift.tt/2OuyQ...

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View: Off balance sheet solution can resolve NBFCs’ crisis of confidence

The default by IL&FS should be seen as a one-off aberration than the norm. from Banking/Finance-Industry-Economic Times https://ift.tt/2RSHM...

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Probe agencies want banks to send alerts on defaulters in advance

Banks can, for example, alert probe agencies to issue a look out circular/alert against the said individual to ensure he does not escape before they declare non-performing assets of a defaulter. from Banking/Finance-Industry-Economic Times https://ift.tt/2RVWs...

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NBFC crisis is because we haven't learned from 2008 mistakes: UBI MD Ashok Pradhan

"The NBFCs are suffering because of borrowing short and lending long. It’s high time that they correct it," Pradhan said. from Banking/Finance-Industry-Economic Times https://ift.tt/2NKmZ...

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Payments companies asked to stop Aadhaar-based services

UIDAI has directed several payments companies to provide confirmation of closure and to present a plan on how they will exit the Aadhaar ecosystem. from Banking/Finance-Industry-Economic Times https://ift.tt/2CP8P...

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Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore

Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUXN...

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Data localisation: RBI stands firm, USIBC cautions India it might hamper growth

With the RBI standing firm on its data localisation stance, the US-India Business Council (USIBC) Tuesday cautioned that policies restricting flow of data can act as "barriers" to expansion of services in India, impacting not only consumers but also growth of Indian payments market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NIs9...

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CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

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Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore

Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUXN...

Read more »

Data localisation: RBI stands firm, USIBC cautions India it might hamper growth

With the RBI standing firm on its data localisation stance, the US-India Business Council (USIBC) Tuesday cautioned that policies restricting flow of data can act as "barriers" to expansion of services in India, impacting not only consumers but also growth of Indian payments market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NIs9...

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CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

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Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore

Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUXN...

Read more »

Data localisation: RBI stands firm, USIBC cautions India it might hamper growth

With the RBI standing firm on its data localisation stance, the US-India Business Council (USIBC) Tuesday cautioned that policies restricting flow of data can act as "barriers" to expansion of services in India, impacting not only consumers but also growth of Indian payments market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NIs9...

Read more »

CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

Read more »

Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore

Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUXN...

Read more »

Data localisation: RBI stands firm, USIBC cautions India it might hamper growth

With the RBI standing firm on its data localisation stance, the US-India Business Council (USIBC) Tuesday cautioned that policies restricting flow of data can act as "barriers" to expansion of services in India, impacting not only consumers but also growth of Indian payments market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NIs9...

Read more »

CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

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Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore

Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUXN...

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Data localisation: RBI stands firm, USIBC cautions India it might hamper growth

With the RBI standing firm on its data localisation stance, the US-India Business Council (USIBC) Tuesday cautioned that policies restricting flow of data can act as "barriers" to expansion of services in India, impacting not only consumers but also growth of Indian payments market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NIs9...

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CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

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Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore

Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2pUXN...

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Data localisation: RBI stands firm, USIBC cautions India it might hamper growth

With the RBI standing firm on its data localisation stance, the US-India Business Council (USIBC) Tuesday cautioned that policies restricting flow of data can act as "barriers" to expansion of services in India, impacting not only consumers but also growth of Indian payments market. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NIs9...

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CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

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CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

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CVC shares first-of-its-kind report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the jewellery and aviation sectors, and shared its findings with the RBI, ED and CBI among others, Vigilance Commissioner T M Bhasin said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ovpj...

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Digital payment wallets will become interoperable with new RBI norms

Soon a MobiKwik wallet user will be able to send money to a Paytm user.In what could boost the usage of mobile wallets in the country, the RBI has iss from Business Line - Money & Banking https://ift.tt/2CKEA...

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₹4,500-crore IL&FS rights issue likely to be pushed back

The proposed rights issue of troubled Infrastructure Leasing and Financial Services (IL&FS) could be delayed as its new board of directors and sha from Business Line - Money & Banking https://ift.tt/2pTt6...

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Policies restricting data flow 'barriers' to growth of payments market in India: USIBC

The statement comes just a day after the expiry of RBI-imposed deadline on data localisation for payments companies operating in India. from Banking/Finance-Industry-Economic Times https://ift.tt/2AeTH...

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Money transfer between e-wallets to become a reality soon as RBI issues interoperability guidelines

As per analysts, this will boost the use of digital payments in the country. from Banking/Finance-Industry-Economic Times https://ift.tt/2PAOk...

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Upturn in investment cycle likely to last for five years: RBI

Our BureauThe current upturn in the investment cycle may last for five years, up to 2022-23, when the real investment rate is estimated to rise furthe from Business Line - Money & Banking https://ift.tt/2CiTu...

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Federal Bank net up a tad inQ2 on higher provisioning

Impact of Kerala floods may continue for the next three to four quarters, says CEO from Business Line - Money & Banking https://ift.tt/2CMZ5...

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RBI approves Bakshi as CEO of ICICI Bank for three years

Our Bureau The Reserve Bank of India, on Tuesday, approved the appointment of Sandeep Bakhshi as the Managing Director and CEO of ICICI Bank for a thr from Business Line - Money & Banking https://ift.tt/2Cotq...

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ARC/AIF for banks to resolve bad loans faces roadblocks

No consensus among lenders to implement Sunil Mehta Committee recommendations from Business Line - Money & Banking https://ift.tt/2CO4C...

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Fintech companies can win over clients by trust, says Nobel laureate professor Robert C Merton

Citing the importance of trust in an investment decision, android users are unlikely to go by an advice from google as there is lack of trust by the users. from Banking/Finance-Industry-Economic Times https://ift.tt/2Cksz...

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CVC shares report on top 100 bank frauds with RBI, ED and CBI

Probity watchdog Central Vigilance Commission (CVC) has completed a first-of-its-kind analysis of the top 100 banking frauds, including those in the from Business Line - Money & Banking https://ift.tt/2Pyxl...

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RBI approves 3-year term for Bakhshi as ICICI Bank chief

Adopting a seemingly cautious approach, the Reserve Bank has approved appointment of Sandeep Bakhshi as ICICI Bank’s Managing Director and Chief Exec from Business Line - Money & Banking https://ift.tt/2Ey4M...

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South Indian Bank shares zoom nearly 17% on robust Q2 show

Shares of South Indian Bank on Tuesday surged nearly 17 per cent after the company reported a profit of ₹70.13 crore for the September quarter. The from Business Line - Money & Banking https://ift.tt/2PB1p...

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UK firm Skyline plans to launch weather insurance

London-headquartered insurance technology company Skyline Partners has announced plans to launch its inaugural weather insurance product to provide p from Business Line - Money & Banking https://ift.tt/2ElzV...

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General Provident Fund interest rate hiked to 8%

The interest rate would apply on Provident Funds of central government employees, railways and defence forces. Last month, the government announced that the interest on small savings, including NSC and PPF, will be hiked by up to 0.4 percentage point for the October-December quarter, to align it with rising deposit rates in the banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PC0Z...

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Sandeep Bakshi’s appointment as ICICI Bank MD, CEO get RBI nod after Chanda Kochhar’s exit

Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Epnf...

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Markets gain on earnings optimism, Sensex ends nearly 300 points up; Nifty at 10,585

Adani Ports, Mahindra and Mahindra, ONGC and ICICI Bank were among the major gainer on BSE, rising as much as 4.17 per cent. On NSE, Nifty PSU Bank and Realty were the top performing sub-indices, gaining as much as 2.72 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OYdj...

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Sandeep Bakshi’s appointment as ICICI Bank MD, CEO get RBI nod after Chanda Kochhar’s exit

Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Epnf...

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Sandeep Bakshi’s appointment as ICICI Bank MD, CEO get RBI nod after Chanda Kochhar’s exit

Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Epnf...

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No, OTP is not surefire protection against online banking fraud

A criminal can just walk into a bank, impersonate you, request a change in your registered mobile number. from Banking/Finance-Industry-Economic Times https://ift.tt/2AeFR...

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UK firm Skyline strikes insurance pact in India to protect farmers

The company's founders, Gethin Jones and Laurent Sabatié, have spent the last year developing the technology-enabled insurance solution. from Banking/Finance-Industry-Economic Times https://ift.tt/2IZn9...

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RBI approves appointment of Sandeep Bakshi as ICICI Bank MD, CEO

​After resignation of Chanda Kochhar, the bank's board had elevated Chief Operating Officer Bakshi as the new managing director and CEO for five years from Banking/Finance-Industry-Economic Times https://ift.tt/2P3Rg...

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RBI approves Sandeep Bakshi appointment as ICICI Bank MD, CEO

ICICI Bank on Tuesday said the RBI has approved Sandeep Bakshi’s appointment as Managing Director and CEO of the bank for three years. After resignat from Business Line - Money & Banking https://ift.tt/2QSk5...

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Banks move RBI for Aadhaar use as UIDAI bars fintechs

Last month, the Supreme Court — in a five-judge bench ruling on the validity of the Aadhaar Act — set aside the linking of the unique ID number to bank accounts and mobile numbers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2CjgJ...

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Markets open higher as Sensex up over 150 points, reclaims 35,000-mark

Asian Paints, IndusInd Bank, Adani Ports, ONGC and ICICI Bank were among the top performing stock on BSE, rising as much as 2.84 per cent. On NSE, sub-indicies Nifty Pharma and IT were leading the pack, surging as much as 2.61 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QVmm...

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Panic selloff in stock market after IL&FS crisis: Is the NBFC party over?

After years of unbridled growth, we had our own Lehman moment last month. Our non-bank and mortgage lenders brace for the long grind ahead with a liquidity squeeze. from Banking/Finance-Industry-Economic Times https://ift.tt/2QVdQ...

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Global banks tap startups here to make fintech mark

Financial institutions are engaging with startups through formal accelerators or incubators. from Banking/Finance-Industry-Economic Times https://ift.tt/2CMJM...

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As data localisation deadline approaches, payments firms get ready for a showdown with RBI

Industry sources said, in a meeting on October 10, RBI had told the companies that if they fail to meet the deadline regulatory action and penalty will follow. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yk7a...

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RBI data localisation: 80% players comply with norms, say sources

With the RBI not relenting on extending the Monday's deadline for data localisation, as many as 80 per cent of industry players including Amazon, Alibaba and WhatsApp have complied with the data storage norms, according to official sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yKat...

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Government stake in Allahabad Bank goes up by 7.6 per cent

Government's stake in the Allahabad Bank has increased by 7.6 per cent post allotment of equity shares on preferential basis, the state-owned lender said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pzq2...

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As data localisation deadline approaches, payments firms get ready for a showdown with RBI

Industry sources said, in a meeting on October 10, RBI had told the companies that if they fail to meet the deadline regulatory action and penalty will follow. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yk7a...

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RBI data localisation: 80% players comply with norms, say sources

With the RBI not relenting on extending the Monday's deadline for data localisation, as many as 80 per cent of industry players including Amazon, Alibaba and WhatsApp have complied with the data storage norms, according to official sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yKat...

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Government stake in Allahabad Bank goes up by 7.6 per cent

Government's stake in the Allahabad Bank has increased by 7.6 per cent post allotment of equity shares on preferential basis, the state-owned lender said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pzq2...

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RBI data localisation: 80% players comply with norms, say sources

With the RBI not relenting on extending the Monday's deadline for data localisation, as many as 80 per cent of industry players including Amazon, Alibaba and WhatsApp have complied with the data storage norms, according to official sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yKat...

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Government stake in Allahabad Bank goes up by 7.6 per cent

Government's stake in the Allahabad Bank has increased by 7.6 per cent post allotment of equity shares on preferential basis, the state-owned lender said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pzq2...

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As data localisation deadline approaches, payments firms get ready for a showdown with RBI

Industry sources said, in a meeting on October 10, RBI had told the companies that if they fail to meet the deadline regulatory action and penalty will follow. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yk7a...

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RBI data localisation: 80% players comply with norms, say sources

With the RBI not relenting on extending the Monday's deadline for data localisation, as many as 80 per cent of industry players including Amazon, Alibaba and WhatsApp have complied with the data storage norms, according to official sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yKat...

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Government stake in Allahabad Bank goes up by 7.6 per cent

Government's stake in the Allahabad Bank has increased by 7.6 per cent post allotment of equity shares on preferential basis, the state-owned lender said Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pzq2...

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Is IBC slowing Rave Scans resolutions?

The company defaulted on about Rs 120 crore to a group of lenders led by Indian Overseas Bank. from Banking/Finance-Industry-Economic Times https://ift.tt/2CJNj...

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Visa, Mastercard, Amex in breach as deadline for data localisation passes

RBI may impose penalty, but will not stop services from Business Line - Money & Banking https://ift.tt/2OYmV...

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PNB plans to sell non-core assets worth ₹8,600 crore

Press Trust of IndiaThe country’s second-largest public sector lender, Punjab National Bank (PNB), has identified various assets, including its housin from Business Line - Money & Banking https://ift.tt/2QTwN...

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AnyTimeLoan.in gets licence from RBI

AnyTimeLoan.in gets RBI licence AnyTimeLoan.in, a start-up at T-Hub here, has secured a Non-Banking Financial Company (NBFC) Peer-to-Peer (P2P) licen from Business Line - Money & Banking https://ift.tt/2CKwH...

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Record foreign money outflows continue to weigh on rupee

But the crucial support at 74.6 has the potential to halt the current fall from Business Line - Money & Banking https://ift.tt/2yCcw...

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IL&FS case: Government welcomes NCLAT order, says payment of salaries, completion of ongoing projects priority

The government on Monday welcomed the National Company Law Appellate Tribunal (NCLAT) stay on all the proceedings against crisis-hit IL&FS group companies and said that the current priority is to pay salaries and complete ongoing projects. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yIkM...

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Germany’s Kreditech gets RBI NBFC license for digital lending; check how it uses machine learning, big data

Kreditech uses its own technology for credit scoring of the consumers using big data and machine learning which helps it to determine credit risk for even thin-file customers. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ynrr...

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IL&FS liquidity crunch could deeply hurt not only NBFCs, but also broader economy: Moody’s

Since NBFIs primarily depend on markets for borrowing to finance asset growth, the continued liquidity crunch would lead to increased financing costs for NBFCs or even 'difficulty in rolling over their liabilities’, it added. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yDC1...

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IRDAI panel to study feasibility of paying claims in instalments

Our BureauThe Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to examine the feasibility of payment of general and from Business Line - Money & Banking https://ift.tt/2RRne...

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Indiabulls Housing Fin Q2 net jumps 21% to ₹ 1,044 cr

Indiabulls Housing Finance (IBHFL) on Monday reported a profit of ₹ 1,044.1 crore for the second quarter of the current fiscal, up 21.2 per cent over from Business Line - Money & Banking https://ift.tt/2Eicd...

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Mastercard teams up with Zoho to launch bundled solution for SMEs

Mastercard announced on Monday its strategic partnership with Zoho, a cloud solution provider, to launch a bundled ‘SME in a box’ solution for busines from Business Line - Money & Banking https://ift.tt/2RWhP...

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Domestic payment firms say fully compliant with RBI's data localisation norms

The RBI had issued a circular instructing all payments system providers to ensure that data relating to systems operated by them is stored only in India. from Banking/Finance-Industry-Economic Times https://ift.tt/2Abc8...

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NCLAT stay to enable value preservation: IL&FS

"It would provide much needed relief from precipitative creditor actions against different entities within the IL&FS group," the company said in a release Monday. from Banking/Finance-Industry-Economic Times https://ift.tt/2QTna...

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RBI data localisation: 80% players comply with norms, say sources

Some global financial technology companies have reportedly sought an extension to the October 15 timeline. from Banking/Finance-Industry-Economic Times https://ift.tt/2AbAk...

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Karnataka Bank to focus ondestressing asset portfolio

Our Bureau Karnataka Bank will focus on further strengthening the collection mechanism to destress the asset portfolio, according to Mahabaleshwara M from Business Line - Money & Banking https://ift.tt/2pVM2...

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South Indian Bank posts ₹70-cr profit

Our Bureau South Indian Bank has announced Q2 FY19 results with a quarterly net profit of ₹70.13 crore against ₹4.32 crore in the corresponding perio from Business Line - Money & Banking https://ift.tt/2NJM2...

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IndusInd Bank net profit rises to ₹920 crore

Makes ₹275-crore contingency provision on exposure to IL&FS, group companies from Business Line - Money & Banking https://ift.tt/2pVlC...

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CCI clears acquisition of Star Health by Safecrop Holdings

The consortium in August had signed definitive agreements with the shareholders of Star Health to purchase the shares of leading private insurer. from Banking/Finance-Industry-Economic Times https://ift.tt/2CI0H...

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Xiaomi, India's biggest smartphone maker, now wants to lend you money

Xiaomi now plans to foray into consumer finance and business-to-business lending by floating a NBFC. from Banking/Finance-Industry-Economic Times https://ift.tt/2RQYf...

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PNB plans to sell non-core assets of over Rs 8,000 cr this fiscal

The bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets. from Banking/Finance-Industry-Economic Times https://ift.tt/2CL6d...

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SBI launches 6-day YONO shopping festival

State Bank of India said on Monday its digital service platform YONO will launch a six-day shopping festival beginning October 16 in which customers from Business Line - Money & Banking https://ift.tt/2NI7n...

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BankBazaar appoints former RBI Deputy Governor Mundra as advisor

Online financial services marketplace BankBazaar on Monday said former RBI Deputy Governor S S Mundra has been appointed as an advisor to the company. from Business Line - Money & Banking https://ift.tt/2P1FB...

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IndusInd Bank Q2 net profit rises 4.6%

Net profit was Rs 920 crore ($124.36 million) for the quarter ended September 30, compared with Rs 880 crore a year earlier, the private sector lender said in a statement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QLre...

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Competition panel okays acquisition of Star Health by SafeCorp

The Competition Commission of India (CCI) has approved the acquisition of Star Health Insurance by SafeCorp Holdings Pvt Ltd. In a tweet today, the re from Business Line - Money & Banking https://ift.tt/2yBjZ...

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Continued liquidity stress may have deeper impact on NBFCs: Moody’s

‘Liquidity tightness could lead to sharply higher financing costs for NBFIs’ from Business Line - Money & Banking https://ift.tt/2QP6E...

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Saudi-based ICD halts plan for $1 bln fund with India's IL&FS

The Indian government took control of IL&FS this month after the infrastructure financing and construction company defaulted on some of its debt obligations, sparking fears of wider contagion in the country's financial sector. from Banking/Finance-Industry-Economic Times https://ift.tt/2QLQD...

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Did not issue five-day strike call in Nov, says AIBEA

On Sunday a message was circulated in social media under AIBEA letterhead that the UFBU has decided to call for five days continuous strike from November 26 to 30. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2J0xj...

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How IL&FS built a road to riches, for some

“It is no wonder that IL&FS kept paying dividends even when the ship was tilting,” an analyst says. from Banking/Finance-Industry-Economic Times https://ift.tt/2QLFh...

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Did not issue 5-day strike call in Nov: AIBEA

On Sunday a message was circulated in social media under AIBEA letterhead that the UFBU has decided to call for five days continuous strike from November 26 to 30. from Banking/Finance-Industry-Economic Times https://ift.tt/2NFFD...

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Global finance chiefs urge trade war solution

Global finance chiefs feel that simmering trade tensions are already denting global growth. People’s Bank of China governor Yi Gang said that a lot of people in China now preparing for this trade tension to be a prolonged situation. Mexico’s former president Ernesto Zedillo advised China "to not blink" as Mexico and Canada got their way in every single issue that had been drawn as a red line against the US. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OYK7...

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Government may give STC bank guarantee of Rs 2,500 crore

The company, while releasing its unaudited financial result for the quarter ended June 30, 2018 in August, had stated that it has appointed a financial adviser for restructuring of existing loans and for raising additional loans. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OXca...

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Xiaomi plans to float a NBFC in India, to soon seek RBI approval

Xiaomi Financial Services plans to provide loans to consumers for purchasing electronics, home appliances, lifestyle products etc. from Banking/Finance-Industry-Economic Times https://ift.tt/2yBTe...

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To avert IL&FS-like collapse, companies with listed bonds should disclose books: Crisil CEO

“We believe unlisted companies with listed debt securities should be required to come out with quarterly balance sheets and consolidated numbers," Ashu Suyash, managing director at Crisil, told ET from Banking/Finance-Industry-Economic Times https://ift.tt/2EjYB...

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