11:48 AM
Blogger
The classification of a special purpose vehicle, Chennai-Tada Tollways as an NPA may impact L&T IDPL’s initial interest in Jaypee Infratech’s Taj Expressway that connects Greater Noida with Agra, bank executives said.
10:54 PM
Blogger
10:54 PM
Blogger
10:36 PM
Blogger
10:02 PM
Blogger
9:57 PM
Blogger
9:57 PM
Blogger
9:03 PM
Blogger
9:03 PM
Blogger
9:03 PM
Blogger
8:49 PM
Blogger
The search committee has had three meetings since it was constituted and the last was on Tuesday, the sources said.
5:23 PM
Blogger
On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies (NBFCs) and housing finance companies (HFCs).
4:51 PM
Blogger
3:58 PM
Blogger
On the 30-share BSE index, Bharti Airtel, Reliance Industries, Hero MotorCorp, SBI and HDFC were among the major gainers with their stocks surging as much as 9.41 per cent. On NSE, except for Nifty Metal and Private Bank, all other sub-indices finished in green, rising as much as 2.03 per cent.
1:59 PM
Blogger
12:53 PM
Blogger
The matters pertaining to Insolvency and Bankruptcy Code will be heard first followed by those challenging the RBI circular.
11:28 AM
Blogger
The biggest weekly increase in currency in circulation was in the week ending January 13, 2017, which saw an additional Rs 52,786 crore flow out of banks as currency presses worked overtime to replace demonetised notes.
11:08 AM
Blogger
The biggest weekly increase in currency in circulation was in the week ending January 13, 2017, which saw an additional Rs 52,786 crore flow out of banks as currency presses worked overtime to replace demonetised notes.
9:53 AM
Blogger
Sun Pharma, Reliance Industries, HDFC Bank, Wipro and Axis Bank were among the top performers on BSE, rising as much as 1,85 per cent. On the NSE platform, sub-indices Nifty Pharma and Financial Service traced major gains, up as much as 1.34 per cent.
9:29 AM
Blogger
8:56 AM
Blogger
4:49 AM
Blogger
10:16 PM
Blogger
10:01 PM
Blogger
9:46 PM
Blogger
9:31 PM
Blogger
9:31 PM
Blogger
9:06 PM
Blogger
8:09 PM
Blogger
7:54 PM
Blogger
7:26 PM
Blogger
6:08 PM
Blogger
Under the project, the committee had to float an AMC and an AIF to resolve non-performing assets (NPAs) over Rs 500 crore.
6:08 PM
Blogger
“All (NBFCs) of them have been able to meet their commitment as far as roll overs are concerned,” said SBI Chairman Rajnish Kumar at an event here.
5:31 PM
Blogger
4:07 PM
Blogger
On the BSE index, Adani Ports, Kotak Mahindra Bank, Hero MotorCorp and Axis Bank were among the top performers with their stocks surging as much as 4.25 per cent. On NSE, except for Nifty FMCG, all other sub-indices ended in green with Nifty Realty leading the pack by gaining as much as 1.70 per cent
3:35 PM
Blogger
3:05 PM
Blogger
2:45 PM
Blogger
2:37 PM
Blogger
Ashok Chawla's departure exacerbates the turmoil the management is in, after the central bank denied an extension to its chief executive officer Rana Kapoor for a second time last month.
12:22 PM
Blogger
SoftBank is by far the biggest investor in We-Work, which was founded in 2010 and runs shared office spaces. WeWork raised $1 billion from Soft-Bank in August in the form of a convertible note, which would convert to equity at varying share prices depending on the circumstances of next funding round.
11:12 AM
Blogger
Announcing the results the bank’s CEO Rakesh Kumar said that Life Insurance Corporation (LIC) is set to infuse Rs 20,000 crore into the bank, which will immediately improve the bank’s capital adequacy ratio to 16% from 6.22% at present, but might drop after next quarter’s results.
10:32 AM
Blogger
While banning debt restructuring schemes, RBI decided to terminate the ‘5/25 scheme’ for bank loans for long-gestation infrastructure and core sector industries. Government officials believe RBI went ahead with the move despite the scheme being announced in Parliament in the 2014 budget.
8:30 AM
Blogger
7:55 AM
Blogger
The banking regulator’s reluctance to do so stems from the prospect of the data leaking as it becomes known to a wider set of people, hurting the business prospects of the companies involved.
4:57 AM
Blogger
3:37 AM
Blogger
3:07 AM
Blogger
2:17 AM
Blogger
2:17 AM
Blogger
1:57 AM
Blogger
1:57 AM
Blogger
12:35 AM
Blogger
Notably, under the scheme relief, up to Rs 2 lakh would be provided to marginal and small farmers who have crop loans from cooperative institutions, public sector banks and other commercial banks as on March 31, 2017.
12:27 AM
Blogger
12:27 AM
Blogger
11:35 PM
Blogger
The government wants a framework for deciding the central bank’s capital requirement, which would give clarity on dividend flows to the government.
10:15 PM
Blogger
The threat that RBI Governor Urjit Patel would quit is also thought to be off the table for now, sources said.
10:00 PM
Blogger
9:22 PM
Blogger
"Yes Bank announces that Shri Ashok Chawla, Non-Executive Independent Part-Time Chairman, has tendered his resignation from the Bank's Board, with immediate effect, mentioning that during the current transition period, the Bank would need a Chairman who could devote more time and attention," the bank said in a regulatory filing.
9:05 PM
Blogger
Currently Sundaram Finance Ltd holds 75.90% in Royal Sundaram and proposes to divest 25.90%, thereby retaining 50% of its holding, post the divestment.
9:05 PM
Blogger
One percentage point cut in CRR, or the amount of bank deposits parked with RBI, would release about Rs 1.2 lakh crore liquidity in the system.
8:33 PM
Blogger
8:30 PM
Blogger
7:45 PM
Blogger
7:20 PM
Blogger
The RBI also slapped a fine of Rs 3 crore on state-owned Jammu and Kashmir Bank Ltd for violating similar norms.
6:50 PM
Blogger
6:31 PM
Blogger
6:31 PM
Blogger
6:00 PM
Blogger
5:52 PM
Blogger
In India, NBFCs and lenders to the housing sector have become increasingly important in supporting consumer spending as the nation’s formal banking sector is weighed down by bad loans. Nomura Inc estimates that the loan books of NBFCs and housing lenders have grown at a compounded annual rate of 17 per cent in the past two years, compared with 8 per cent for banks.
5:52 PM
Blogger
5:27 PM
Blogger
5:27 PM
Blogger
5:12 PM
Blogger
4:52 PM
Blogger
4:52 PM
Blogger
4:51 PM
Blogger
4:40 PM
Blogger
4:27 PM
Blogger
4:17 PM
Blogger
Sun Pharma, Kotak Mahindra Bank, TCS, Mahindra and Mahindra were among the worst performers on the BSE index with their stocks losing as much as 7.36 per cent. On NSE, sub-indices Nifty IT and Pharma tracked major losses, down as much as 2.45 per cent.
4:10 PM
Blogger
4:07 PM
Blogger
4:05 PM
Blogger
3:52 PM
Blogger
3:50 PM
Blogger
3:37 PM
Blogger
3:07 PM
Blogger
2:27 PM
Blogger
1:55 PM
Blogger
Prime Minister Modi launched the technology platform with Deputy Prime Minister of Singapore T Shanmugaratnam after he became the first leader to address the prestigious Fintech Festival in Singalore.
1:22 PM
Blogger
1:05 PM
Blogger
1:05 PM
Blogger
11:45 AM
Blogger
Mis-selling is done by forging the proposer’s signature on forms or by selling long-term plans even though the proposer does not have the capacity to maintain the policy beyond the initial payment.
10:25 AM
Blogger
Businesses are seeing sluggish sales as India’s shadow lending industry grows more cautious about extending new loans.
10:12 AM
Blogger
Asian Paints, Tata Steel, Hindustan Unilever, ONGC and Maruti Suzuki were among the top performers on the BSE platform, rising as much as 3.72 per cent. On NSE, Nifty PSU Bank and Metal were the outperforming sub-indices, gaining as much as 0.80 per cent.
9:10 AM
Blogger
He was delivering a keynote address at the Singapore Fintech Festival where he stressed India as a favourable destination for fintech companies and startups.
8:00 AM
Blogger
Among the points of confl ict between the RBI and the government is the level of reserves the central bank should hold.
7:31 AM
Blogger
The government has maintained that higher capital norms translate into additional capital requirements, restricting lending potential and income generation.
10:25 PM
Blogger
The RBI said it has the right to decide on the quantum of purchase of individual securities and can also accept offers for less than Rs 12,000 crore.
10:22 PM
Blogger
10:01 PM
Blogger
9:56 PM
Blogger
9:56 PM
Blogger
9:50 PM
Blogger
Business information company Dun & Bradstreet polled 300 CFOs across all sectors to judge their optimism about financial health of their companies, business risk environment and macroeconomic scenario in the country.
9:12 PM
Blogger
8:32 PM
Blogger
8:32 PM
Blogger
7:35 PM
Blogger
7:25 PM
Blogger
7:25 PM
Blogger
6:30 PM
Blogger
6:10 PM
Blogger
5:40 PM
Blogger
5:22 PM
Blogger
5:10 PM
Blogger
4:52 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
On the BSE index, NTPC, ICICI Bank, Axis Bank, Reliance Industries and HDFC were among the top performers, up as much as 2.78 per cent. On NSE, sub-indices Nifty Pvt Bank and Finacial Service outperformed, rising as much as 1.16 per cent.
4:10 PM
Blogger
The banks have also asked the appellate tribunal to allow them not to classify IL&FS account as NPA in case of non-payment.
4:05 PM
Blogger
3:50 PM
Blogger
1:47 PM
Blogger
12:55 PM
Blogger
The Bank for International Settlements (BIS) has appointed Siddharth Tiwari as the Chief Representative for Asia and the Pacific.
12:07 PM
Blogger
The rate, which includes food and energy prices, dropped in October to 3.31 per cent on a year-on-year basis, the slowest pace in 13 months and remains below the Reserve Bank of India's (RBI) medium-term target of 4 per cent for a third straight month. The September inflation rate was a revised 3.70 per cent.
11:05 AM
Blogger
RBI seems convinced that India’s shadow banks need to clean up their act, and they won’t if they get easy money
11:00 AM
Blogger
10:32 AM
Blogger
10:07 AM
Blogger
On the BSE platform, Asian Paints, Power Grid, Adani Ports and Axis Bank were among the major gainers with their stocks rising as much as 1.61 per cent. On NSE, sub-indices Nifty Auto, IT and Metal were showing gains as much as 0.81 per cent.
9:45 AM
Blogger
9:27 AM
Blogger
8:45 AM
Blogger
If the moratorium is denied a lot of bandwidth will go into following up the cases. The court will consider the progress report and a lot depend on what ministry of corporate affairs presents.
8:10 AM
Blogger
The number of corporate debtors admitted by the NCLT but are yet to be resolved through the corporate insolvency resolution process is growing steadily each quarter.
8:10 AM
Blogger
As per the indicative offers, the investors will acquire 51% stake valuing the housing finance firm at around Rs 1,500-2,000 crore.
6:03 AM
Blogger
4:27 AM
Blogger
1:22 AM
Blogger
12:35 AM
Blogger
The company has partnered with Morocco-based m2m and Dubai-headquartered Ascent Business Group to use their products for these segments, said Thyagarajan Seshadri, president, banking relations at EPS.
11:35 PM
Blogger
As per the indicative offers, the investors will acquire 51 percent stake valuing the housing finance firm at around Rs 1500-2000 crore.
10:00 PM
Blogger
10:00 PM
Blogger
10:00 PM
Blogger
10:00 PM
Blogger
9:55 PM
Blogger
The bank's capital adequacy ratio slipped to 7.57% against the stipulated 9% while its net loss widened to Rs 1136 crore in the September quarter owing to fresh slippages worth Rs 2000 crore.
9:40 PM
Blogger
9:40 PM
Blogger
8:50 PM
Blogger
The RBI had mandated these dozen accounts as the first ones to be resolved under the IBC. However, these cases have faced legal challenges right from the start, at every stage, resulting in delays in resolutions.
8:22 PM
Blogger
8:15 PM
Blogger
The new board wants to follow a transparent process of bidding for businesses to raise funds and settle dues. Money from IndusInd Bank had not yet come into IL&FS account.
7:37 PM
Blogger
7:37 PM
Blogger
7:37 PM
Blogger
6:07 PM
Blogger
October marked the third straight month in which the retail inflation has been below the Reserve Bank of India's medium-term target of 4 per cent, supporting the central bank's surprise decision to hold interest rates at its meeting last month.
6:03 PM
Blogger
6:03 PM
Blogger
5:10 PM
Blogger
4:06 PM
Blogger
On the 30-share BSE pack, except Tata Steel, Kotak Mahindra Bank, Infosys, TCS and L&T, all other stocks finished in red, losing as much as 4.66 per cent. On the NSE platform, only Nifty IT surged as much as 0.67 per cent and all other sub-indices tracked losses as much as 2.44 per cent.
RSS Feed
Twitter
