7:00 PM
Blogger
5:10 PM
Blogger
11:05 AM
Blogger
10:45 AM
Blogger
9:28 AM
Blogger
Defaults by infrastructure development and finance company IL&FS and its subsidiaries had led to concerns of grave repercussions on the credit market, leading to a liquidity crisis.
8:08 AM
Blogger
“We are working on different funds — one for corporate, one for SMEs (small and medium enterprises), one for retail,” IFC said.
8:08 AM
Blogger
Visa CEO Alfred Francis Kelly says company has told RBI how it will tweak its systems to fully comply with rule.
4:19 AM
Blogger
12:18 AM
Blogger
His comments comes against the backdrop of media reports that some unnamed government officials wanted an easing of stringent rules under which a handful of state-run banks are being kept.
11:54 PM
Blogger
10:58 PM
Blogger
He expressed concerns over RBI's limited powers to discipline errant government-owned banks as it lacks the ability to replace officials, scrap licences and to push for mergers.
10:44 PM
Blogger
10:15 PM
Blogger
10:15 PM
Blogger
9:55 PM
Blogger
9:55 PM
Blogger
9:45 PM
Blogger
9:25 PM
Blogger
9:18 PM
Blogger
The bank's 'Search & Selection Committee' is headed by Independent Director Brahm Dutt.
9:10 PM
Blogger
9:10 PM
Blogger
7:24 PM
Blogger
7:24 PM
Blogger
7:24 PM
Blogger
5:49 PM
Blogger
ICICI Bank's net profit came in at Rs 909 crore ($123.84 million) in the three months ended September 30, compared with Rs 2,058 crore a year earlier, the private-sector bank said.
5:45 PM
Blogger
5:10 PM
Blogger
4:14 PM
Blogger
Yes Bank, Axis Bank, IndusInd Bank, Tata Consultancy Services and Kotak Mahindra Bank were among the major losers on the 30-share BSE, falling as much as 8.97 per cent. On NSE, all the sub-indices ended in red with Nifty Private Bank declining the most by 2.05 per cent.
2:15 PM
Blogger
1:05 PM
Blogger
12:05 PM
Blogger
12:05 PM
Blogger
10:34 AM
Blogger
10:29 AM
Blogger
Yes Bank, NTPC, Infosys, Asian Paints, Coal India and Vedanta were among the top losers on the BSE platform, falling as much as 6.68 per cent. On the NSE index, all the sub-indices were trading in red with Nifty Metal losing the most by sliding 1.42 per cent.
10:25 AM
Blogger
10:04 AM
Blogger
9:28 AM
Blogger
The company has debt liabilities of Rs 91,000 crore. It has defaulted on several repayments since September, and has been downgraded to D from AAA.
1:04 AM
Blogger
1:04 AM
Blogger
10:30 PM
Blogger
10:00 PM
Blogger
9:15 PM
Blogger
9:15 PM
Blogger
9:15 PM
Blogger
9:13 PM
Blogger
The approvals from the National Company Law Tribunals, it said are awaited.
8:35 PM
Blogger
8:35 PM
Blogger
8:00 PM
Blogger
7:45 PM
Blogger
6:50 PM
Blogger
4:14 PM
Blogger
Bharti Airtel, Vedanta, Adani Ports, Yes Bank and Tata Motors were among the major losers on BSE with their stock falling as much as 7.18 per cent. On the NSE index, aprt from Nifty IT, all the sub-indices tracked losses, declining as much as 2.37 per cent.
3:55 PM
Blogger
3:55 PM
Blogger
1:44 PM
Blogger
12:50 PM
Blogger
12:04 PM
Blogger
11:54 AM
Blogger
11:00 AM
Blogger
In the September quarter, the lender reported Rs 237 crore fresh slippage with a majority of it coming from small accounts while gross non-performing assets ratio slipped to 12.31%
10:51 AM
Blogger
10:34 AM
Blogger
During discussions with RBI, including at this week’s board meeting, government representatives have suggested that the capital requirement for banks, along with risk weights and capital conservation buffer should be in line with the Basel norms, sources told TOI. The government feels that the current norms are tougher than global standards.
10:05 AM
Blogger
10:04 AM
Blogger
Bharti Airtel, IndusInd Bank, Vedanta, Reliance and Infosys were among the major losers on BSE with their stocks declining as much as 3.19 per cent. On the NSE platform, except for Nifty Pharma, all other sub-indices were trading in red, sliding as much as 1.52 per cent.
9:05 AM
Blogger
6:55 AM
Blogger
The letter added that some $14.08 million was outstanding, which included interest and default interest as on October 22, 2018.
3:45 AM
Blogger
2:55 AM
Blogger
2:45 AM
Blogger
12:40 AM
Blogger
12:00 AM
Blogger
9:19 PM
Blogger
9:19 PM
Blogger
9:19 PM
Blogger
9:19 PM
Blogger
8:59 PM
Blogger
8:29 PM
Blogger
8:29 PM
Blogger
8:29 PM
Blogger
8:00 PM
Blogger
Kotka Mahindra Bank was the first lender to launch the Aadhar-based account opening in March 2016, which was later adopted by many others.
7:39 PM
Blogger
6:24 PM
Blogger
6:20 PM
Blogger
The top court by its order of April 11, 2017 had set aside the decisions of the CERC and Appellate Tribunal for Electricity allowing the power producers to charge compensatory tariff.
4:04 PM
Blogger
On BSE, Bharti Airtel, Asian Paints, IndusInd Bank, HDFC and Hindustan Unilever were among the major gainers, rising as much as 9.34 per cent. On the NSE platform, sub-indices Nifty Realty, Financial Service and Metal surged the most, gaining as much as 3.06 per cent.
3:54 PM
Blogger
3:39 PM
Blogger
3:20 PM
Blogger
The final shape of the scheme has failed to satisfy the retired employees as their demand for arrear payment has not been considered.
3:05 PM
Blogger
3:05 PM
Blogger
3:05 PM
Blogger
3:05 PM
Blogger
1:34 PM
Blogger
1:29 PM
Blogger
“While prevention is where most of the work is, prevention will remain a wish point because cybercrimes will happen,” said Reserve Bank Information Technology (ReBIT) CEO Nandkumar Saravade.
12:04 PM
Blogger
According to ICICI Bank sources, the law firm Cyril Amarchand Mangaldas told the bank that since the scope of investigation to probe similar allegations by a new committee — headed by retired Supreme Court judge B N Srikrishna — had widened, so its report was no more valid.
11:54 AM
Blogger
This comes within months of Swiss bank UBS reducing its outsourcing to the Nasdaq-listed IT company. Most of this UBS work was transferred to TCS and Wipro.
11:30 AM
Blogger
The directive comes in the wake of multiple attempted heists in Indian banks in recent years.
10:14 AM
Blogger
In a bid to stay afloat, Jet Airways has asked banks to give a moratorium and restructure its loan, while seeking fresh funds to meet working capital needs.
9:54 AM
Blogger
On the BSE platform, ICICI Bank, Asian Paints, Tata Motors, Mahindra and Mahindra and Adani Ports were among major gainers, rising as much as 2.44 per cent. On NSE, sub-indices Nifty Realty, PSU Bank and Financial Service surged the most, gaining as much as 1.99 per cent.
7:55 AM
Blogger
IL&FS, India’s putative answer to the sovereign infrastructure funds of oil rich Gulf states, was relegated to junk from the most coveted investment grade in 45 days.
7:20 AM
Blogger
Dealers are staring at large inventories built-up ahead of the festivals, as they apprehend a sharp decline in demand compared with last year’s festive season.
6:00 AM
Blogger
6:00 AM
Blogger
6:00 AM
Blogger
6:00 AM
Blogger
6:00 AM
Blogger
4:25 AM
Blogger
4:25 AM
Blogger
4:25 AM
Blogger
12:00 AM
Blogger
ICICI Bank in a filing said the bank had expressed confidence in Kochhar on the basis of the inquiry report of the law firm
10:10 PM
Blogger
The report said deceptive malware in these apps may have stolen customers' account and credit card details.
10:09 PM
Blogger
9:35 PM
Blogger
It said that countries like Brazil, Russia, China and the UK had taken steps to reform the bankruptcy laws which, along with other structural reforms, led to a significant growth in the corporate bond market within their financial markets.
9:09 PM
Blogger
9:05 PM
Blogger
It is now disbursing Rs.80 crores a month and processes over 60,000 loan applications and disburses 35,000 loans every month.
9:05 PM
Blogger
MD and chief executive officer Karnam Sekar said that the bank has not added any NPAs in the last two quarters, and in September quarter, it reduced slightly.
9:04 PM
Blogger
8:55 PM
Blogger
8:55 PM
Blogger
8:54 PM
Blogger
8:24 PM
Blogger
8:04 PM
Blogger
7:39 PM
Blogger
6:49 PM
Blogger
6:29 PM
Blogger
6:29 PM
Blogger
6:29 PM
Blogger
5:34 PM
Blogger
5:30 PM
Blogger
According to government data, the banking sector had non-performing assets (NPAs) or bad loans worth over Rs 9.61 lakh crore by the end of 2017-18.
3:59 PM
Blogger
Sun Pharma, Asian Paints, Wipro, Tata Consultancy Services (TCS) and Infosys were among the biggest loser on the BSE platform, falling as much as 5.07 per cent. On NSE, sub-indices Nifty Pharma, IT, Media and PSU Bank attracted losses as much as 2.89 per cent.
2:34 PM
Blogger
11:34 AM
Blogger
Ficci pointed out that loan defaults by IL&FS has impacted both banks and bonds with the money market and liquidity funds witnessing a fall in net asset value (NAV) due to this, creating a panic situation.
11:34 AM
Blogger
JP Morgan, which is advising on the fund-raising plan, has shortlisted the investors, but the bank would not comment on specific names right now, said LVB chief executive and managing director Parthasarathi Mukherjee. He declined to comment further.
10:59 AM
Blogger
P2P players like Faircent, LenDenClub, i2iFunding and LoanTap say they also process medical loans faster. “It takes banks five-seven days to process a medical or personal loan. We normally process 60% of our loans the same day, and the rest by the next day, including documentation work and underwriting,” says LenDenClub CEO Bhavin Patel.
9:39 AM
Blogger
Asian Paints, ONGC, Hindustan Unilever and ITC were among the stocks that dropped the most in opening trade on BSE, falling as much as 5.45 per cent. On the NSE platform, sub-indices Nifty FMCG, Realty and PSU Bank were among the major losers, dropping as much as 0.94 per cent.
3:00 AM
Blogger
2:26 AM
Blogger
1:20 AM
Blogger
12:20 AM
Blogger
12:15 AM
Blogger
The five bidders were shortlisted from as many as 15 investors that have shown initial interest.
12:15 AM
Blogger
In September, the government had proposed a merger of the three banks to create the country’s third biggest lender.
9:25 PM
Blogger
Stock of Syndicate Bank closed 0.63 per cent down at Rs 31.65 on the BSE.
9:09 PM
Blogger
8:49 PM
Blogger
8:49 PM
Blogger
8:49 PM
Blogger
8:49 PM
Blogger
8:44 PM
Blogger
8:44 PM
Blogger
8:29 PM
Blogger
8:29 PM
Blogger
7:54 PM
Blogger
7:05 PM
Blogger
Brazilian banks had an NPL ratio of 3.5 per cent at the end of 2017, compared with 2.9 per cent for South African banks and the lowest of 1.5 per cent for Chinese banks.
6:54 PM
Blogger
6:39 PM
Blogger
6:25 PM
Blogger
5:30 PM
Blogger
5:19 PM
Blogger
4:50 PM
Blogger
The newly appointed board has chosen advisory firms, Arpwood Capital and JM Financial Consultants, which will provide financial and transaction advisory.
4:40 PM
Blogger
After nearly three years of rip-roaring business, NBFCs are bracing up for harsh winters ahead.
4:39 PM
Blogger
4:09 PM
Blogger
Both the indices lost more the 0.5 per cent each. On BSE, IndusInd Bank, Reliance Industries, Asian Paints, Kotak Mahindra Bank, Yes Bank were among the major loser with their stocks declining as much as 6.95 per cent.
3:49 PM
Blogger
3:34 PM
Blogger
9:55 AM
Blogger
On BSE, HDFC Bank, Adani Ports, Sun Pharma and Vedanta were among the major gainers, rising as much as 1.54 per cent. On the NSE index, Nifty financial service, Nifty Pharma and Nifty PSU Bank showed gains by rising as much as 1.17 per cent.
8:45 AM
Blogger
8:05 AM
Blogger
8:39 PM
Blogger
7:24 PM
Blogger
6:59 PM
Blogger
11:24 AM
Blogger
4:50 AM
Blogger
4:50 AM
Blogger
4:35 AM
Blogger
4:35 AM
Blogger
RSS Feed
Twitter
