Insolvency law has helped address Rs 3 lakh cr stressed assets in 2 years: Official

The insolvency law has helped in directly and indirectly addressing stressed assets worth Rs 3 lakh crore in the last two years, a senior government from Business Line - Money & Banking https://ift.tt/2r30g...

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These debit, credit cards won't be valid from January 1

The central bank had issued the directive on August 27, 2015, and given the banks more than three years to complete the transition. The RBI had stated that "all new cards issued – debit and credit, domestic and international – by banks shall be EMV chip and PIN-based cards." from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DRHi...

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eNACH suspension may pinch digital lenders

Digital lenders are set to see operational costs increase as they will no longer be able to use a completely paperless model for automated collection of loan payments from customers. from Banking/Finance-Industry-Economic Times https://ift.tt/2znmi...

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Home, retail loan biz grows for banks under RBI curbs

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

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Under PCA framework, yet 11 PSBs report rise in share of retail loans, says Jefferies

The 11 state-run banks, which are under the RBI’s prompt corrective action (PCA) framework, have seen a 400 basis points increase in their share of re from Business Line - Money & Banking https://ift.tt/2DTvk...

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CCI rejects complaint against CIBIL

To assess the complaint, the regulator considered market for the provision of services by credit information companies in India, as the relevant one. from Business Line - Money & Banking https://ift.tt/2S83F...

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Ugro Capital plans to double headcount in next 2 months

Ugro Capital is planning to nearly double its total headcount by recruiting another 60 personnel in the next two months, even as the RBI-approved NBFC from Business Line - Money & Banking https://ift.tt/2DTYh...

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CATMi tells RBI to constitute task force on pricing to prevent closure of ATMs

To avoid closure of ATMs due to rising compliance costs, the Confederation of ATM Industry (CATMi) has called upon the Reserve Bank of India (RBI) to from Business Line - Money & Banking https://ift.tt/2qZ14...

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Provide ‘deposit-taking’ licences to strong listed HFCs: Assocham to NHB

Will provide an alternative funding avenue for housing finance companies that rely on banks and capital markets from Business Line - Money & Banking https://ift.tt/2FAsu...

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Home-loan market set topick up: Square Capital

Priyanka PaniDigital lending platform Square Capital, which is part of real estate marketplace Square Yards, is optimistic that credit momentum will from Business Line - Money & Banking https://ift.tt/2S9p5...

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Nine P’s that are making microfinance work in India

In the 12 months to June 2018, microfinance companies have lent Rs. 52,000 crore to 26 million women borrowers, 99.8 percent of whom are repaying their loans regularly. Harsh Shrivastava of MFIN lists 9 reasons why microfinance works in India. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kt4V...

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Shutdown of 50% ATMs may cause demonetisation-like chaos as Jan Dhan account holders queue up for cash

The closure of half of the 2.38 lakh machines in the country by March 2019 may affect millions of bank account holders under Modi government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who withdraw subsidies in form of cash through ATMs, the apex body of the domestic ATM industry said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OYVA...

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MUDRA bad loans better than others: Modi’s Mudra loan NPAs are half of gross average

While gross non-performing assets (NPA) across all sectors in the country crossed 10% in fiscal 2017-18, the NPA level under PMMY was only 5.38% as on March 31, 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OYX5...

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All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report

The Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulatory tolerance levels. from Banking/Finance-Industry-Economic Times https://ift.tt/2Qknn...

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All isn't lost for banks under PCA as their retail loan pie jumps

The Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulatory tolerance levels. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2zqDy...

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Finance ministry likely to stick to capital infusion programme for PSBs

Under the new dispensation, the capital infusion by the government in public sector banks for meeting the capital buffer norms would come down to around Rs 15,000-20,000 crore, sources said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PS7J...

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FinMin likely to stick to capital infusion programme for PSU banks

The Finance Ministry would not curtail its capital infusion plan for this financial year even as state-owned banks would be needing fewer funds follo from Business Line - Money & Banking https://ift.tt/2DC5k...

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EIB, SBI expand cooperation in wind energy financing

EIB, SBI expand cooperation in wind energy financing New Delhi, Nov 23 (PTI) The European Investment Bank (EIB) Friday said it will increase its suppo from Business Line - Money & Banking https://ift.tt/2DGET...

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J&K Bank brought under purview of RTI, CVC, State Legislature

In a far-reaching decision, the Jammu and Kashmir Bank has been brought under the purview of the Right to Information (RTI) act, the Chief Vigilance from Business Line - Money & Banking https://ift.tt/2PLKx...

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J&K Bank brought under purview of RTI, CVC, State Legislature

The State Administrative Council (SAC) which met in Jammu Thursday evening under the chairmanship of Governor Satya Pal Malik approved the proposal for treating the J&K Bank Limited as a PSU, the official said. from Banking/Finance-Industry-Economic Times https://ift.tt/2znoc...

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PSU bank CEOs can halt defaulters fleeing country

“This will empower banks and add to the set of measures against defaulters,” said Central Bank of India MD & CEO Pallav Mohapatra. Defaulters have been facing the heat with the passage of the Insolvency and Bankruptcy Code (IBC) as they now risk losing their business. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2DTGu...

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Largest ATM supplier NCR for stakeholder talks to resolve ATM industry crisis

Largest ATM supplier NCR Thursday called for a multi-stakeholder talks like the ones carried out during the demonetisation days to resolve the problems being faced by the cash vending machines industry now. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2r8PA...

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No major plan to reduce ATMs, says Punjab National Bank PNB

State-owned Punjab National Bank (PNB) Thursday said it has no major plans to reduce the number of its ATMs by March 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FB1m...

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No major plan to reduce ATMs: PNB

​The statement comes a day after the Confederation of ATM Industry (CATMi) said changes in the regulatory landscape are making it unviable to operate ATMs from Banking/Finance-Industry-Economic Times https://ift.tt/2zpSt...

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BoB board meet on shares to staff

Bank of Baroda on Thursday said its board will meet next week to consider allotment of fresh shares under the employee stock purchase scheme. “The from Business Line - Money & Banking https://ift.tt/2TDHJ...

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‘Despite improvement in corporate credit demand, large capex yet to come’

HDFC Bank’s wholesale loan book touches ₹3.5 lakh crore in Q2 from Business Line - Money & Banking https://ift.tt/2AfQO...

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No plans to close down ATMs: PNB

Punjab National Bank (PNB), on Thursday, said that it has no plans to trim the number of ATMs by March 31 next year. There are also no plans to increa from Business Line - Money & Banking https://ift.tt/2Bq15...

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RBI data point to pick-up in bank credit offtake

Credit offtake from banks has gathered further steam in the traditionally busy October-March season when economic activity picks up.As per the latest from Business Line - Money & Banking https://ift.tt/2KqjS...

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Bank credit grows by 14.88%, deposits by 9.13%

In the previous fortnight ended October 26, 2018, credit had grown by 14.57 per cent to Rs 90.37 lakh crore, while deposits rose by 9.01 per cent to Rs 117.71 lakh crore from Banking/Finance-Industry-Economic Times https://ift.tt/2zogt...

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China’s central bank suspends open market operations for 20th day in a row; here’s why

The People's Bank of China (PBOC) suspended open market operations on Thursday, citing abundant liquidity in the financial system. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QgkU...

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Bharti Axa Life new business premium jumps 52% to Rs 398 cr in H1

Bharti Axa Life Insurance on Thursday reported a 52 per cent jump in new business premium at Rs 398 crore in the first half of the current fiscal, ag from Business Line - Money & Banking https://ift.tt/2R0CM...

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Axis Capital MD Dharmesh Mehta sent on leave

According to a communique issued by Axis Bank to Axis Capital Mehta had been asked to proceeds on leave, sources said. from Banking/Finance-Industry-Economic Times https://ift.tt/2PLqX...

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DBS launches co-branded debit card in tie-up with bigbasket

DBS Bank India has announced the launch of its first co-branded international debit card in an exclusive partnership with bigbasket, the country’s lar from Business Line - Money & Banking https://ift.tt/2Tzf2...

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MobiKwik launches digital insurance

Targets 1.5 million policies by end of current financial year from Business Line - Money & Banking https://ift.tt/2R4BO...

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Sensex dives over 200 points to end below 35,000-mark

Mahindra and Mahindra, Tata Steel, Wipro, Power Grid and Axis Bank were among the worst performers on the BSE index with their stocks declining as much as 3 per cent. On NSE, sub-indices Nifty Metal, PSU Bank and Realty tracked major losses, down as much as 1.77 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2S4ro...

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Bharti AXA Life logs 52% growth in new policies

The company also said it would expand its branch network 236 by the end of this year from the current 216 branches. from Banking/Finance-Industry-Economic Times https://ift.tt/2Qc0L...

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‘By not quitting, Urjit Patel acted with maturity’

The government’s move to withdraw the sword of the never-used Section 7 hanging over the RBI is being interpreted as a well thought-out measure to defuse the tension as pressing on with directions to the central bank would have possibly forced Urjit Patel to resign. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2P1jl...

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Bharti AXA Life's new business premium surges 52% in H1

Bharti AXA Life Insurance’s new business premium grew by a whopping 52 per cent in the first half this fiscal to ₹398 crore, compared to ₹262 crore from Business Line - Money & Banking https://ift.tt/2r1tt...

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Markets edge higher, Sensex up 68 points; Nifty above 10,600

ONGC, Tata Consulatancy Services, Yes Bank, Wipro and HDFC were among the major gainers on the BSE index, rising as much as 1.35 per cent. On NSE, sub-indices Nifty IT and Media were among the top performers, up as much as 1.27 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ac8C...

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PSU Banks: Government plans no cut in Rs 65,000 crore infusion

The government is unlikely to trim its planned Rs 65,000-crore infusion into public sector banks (PSBs) this fiscal, despite the central bank board’s move on Monday to defer the complete rollout of the capital conservation buffer (CCB) norms for banks by a year to March 2020. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FB8N...

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Cybersecurity insurance companies run into data smog

Lack of actuarial data on cyberattacks, murky disclosures by corporate victims and the incredible speed at which a breach may spread globally have companies in a bind. from Banking/Finance-Industry-Economic Times https://ift.tt/2TxUq...

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SoftBank Investment Advisers sets up India office, names Sumer Juneja as Head

Japanese conglomerate SoftBank said Wednesday it is setting up India operations of its Vision Fund -- a key investor in many Indian startups -- and has named Sumer Juneja to head the operations. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zuhe...

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This decision by RBI will increase lending capacity of banks by whopping Rs 3.5 lakh crore

The additional amount will help provide much-needed fund for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs)that are facing cash crunch. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OWV2...

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SoftBank Investment Advisers sets up India office, names Sumer Juneja as Head

Japanese conglomerate SoftBank said Wednesday it is setting up India operations of its Vision Fund -- a key investor in many Indian startups -- and has named Sumer Juneja to head the operations. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zuhe...

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This decision by RBI will increase lending capacity of banks by whopping Rs 3.5 lakh crore

The additional amount will help provide much-needed fund for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs)that are facing cash crunch. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OWV2...

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SoftBank Investment Advisers sets up India office, names Sumer Juneja as Head

Japanese conglomerate SoftBank said Wednesday it is setting up India operations of its Vision Fund -- a key investor in many Indian startups -- and has named Sumer Juneja to head the operations. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zuhe...

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This decision by RBI will increase lending capacity of banks by whopping Rs 3.5 lakh crore

The additional amount will help provide much-needed fund for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs)that are facing cash crunch. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OWV2...

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SoftBank Investment Advisers sets up India office, names Sumer Juneja as Head

Japanese conglomerate SoftBank said Wednesday it is setting up India operations of its Vision Fund -- a key investor in many Indian startups -- and has named Sumer Juneja to head the operations. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zuhe...

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This decision by RBI will increase lending capacity of banks by whopping Rs 3.5 lakh crore

The additional amount will help provide much-needed fund for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs)that are facing cash crunch. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OWV2...

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R Chandrashekhar wanted Yes Bank to focus on finding successor of Rana Kapoor: official

The former bureaucrat wanted the bank to focus on finding a successor for Kapoor rather than indulging in issues such as shake up in the board composition and the likes. from Banking/Finance-Industry-Economic Times https://ift.tt/2KrPV...

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Nearly 40% of lending to MSMEs is through informal channels

Small enterprises continue to grapple with traditional banking challenges, finds report from Business Line - Money & Banking https://ift.tt/2OWpc...

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Axis Capital chief, former Edelweiss exec bid for IDFC broking unit

Dharmesh Mehta, Managing Director, CEO, Axis Capital, and Vikas Khemani, former CEO Edelweiss Securities, have bid for the brokerage and investment from Business Line - Money & Banking https://ift.tt/2zkb2...

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Urban co-op banks irked over RBI’s proposal on board of management

Urban Co-operative Banks have expressed their displeasure at the Reserve Bank of India’s diktat making it mandatory for banks to have a Board of Man from Business Line - Money & Banking https://ift.tt/2zke7...

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Half of India’s ATMs likely to close down by March: CATMi

Our BureauATM service providers may be forced to close down almost half of the 2.38 lakh ATMs by March 2019 due to unviability of operations, thereby from Business Line - Money & Banking https://ift.tt/2PKad...

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Capital norms deferment to raise banks’ lending capacity by ₹3.5 lakh cr: Experts

The Reserve Bank of India’s move to extend the deadline for meeting the capital conservation buffer (CCB) norms by one year would help increase the le from Business Line - Money & Banking https://ift.tt/2qYbd...

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New CEO takes over at SBM Bank

Sidharth Rath has taken over as the Managing Director & CEO of State Bank of Mauritius. Before joining SBM Bank (India), Rath was with Axis Bank from Business Line - Money & Banking https://ift.tt/2FAlg...

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Digital lending opportunity in India is huge for banks, NBFCs: Omidyar MD

Digital payments in India have leapfrogged, and along with the information available from GST, can help provide easier and more affordable credit to from Business Line - Money & Banking https://ift.tt/2Kqbq...

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RBI central board decisions positive for the economy, says Uday Kotak

Welcoming the decisions taken by the Reserve Bank of India’s central board, veteran banker Uday Kotak on Wednesday said they would have a positive imp from Business Line - Money & Banking https://ift.tt/2OWto...

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RBI vs Centre: Independent directors worked behind scenes to defuse tension

At the meeting, directors from various fields were unanimous in their view that the situation could not be allowed to persist. from Banking/Finance-Industry-Economic Times https://ift.tt/2AfFG...

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Half of India’s ATMs may close by Mar ‘19, warns CATMi

Changes in regulatory landscape are making it unviable to operate ATMs, and may lead to the closure of half of the 2.38 lakh machines in the country from Business Line - Money & Banking https://ift.tt/2PJWW...

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Yes Bank into damage control mode, calls crucial meet on December 13

After the resignation of three Board members—Ashok Chawla, Vasant Gujarathi and Rentala Chandrashekhar—Yes Bank on Tuesday said the Board would now “consist of 7 members with the addition of one Board member Uttam Prakash Agarwal concurrently.” from Banking/Finance-Industry-Economic Times https://ift.tt/2DADn...

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Half of India's ATMs may close down by March 2019, warns CATMi

Closure of the ATMs will impact thousands of jobs and also the the financial inclusion efforts of the government, the industry body said in a statement. from Banking/Finance-Industry-Economic Times https://ift.tt/2A6cJ...

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Canara Bank celebrates 113th Founder’s Day

Canara Bank celebrated its 113th Founder’s Day by inaugurating its “CALL CANARA” – an enhanced call centre facility, as another customer-focused initi from Business Line - Money & Banking https://ift.tt/2TvxR...

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Not all PCA banks may benefit from RBI review

A central bank panel under governor Urjit Patel could next month revisit its corrective regime framework for weak banks that don’t have international operations. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2S7TP...

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RBI-Govt truce: Easier norms free up Rs 35,000 crore capital, allow Rs 3.5 lakh crore loans

The Reserve Bank of India’s (RBI) decision to extend the timeline for the implementation of the capital conservation buffer (CCB) norm by a year to March 2020 could reduce banks’ capital requirements by around Rs 35,000 crore for the current fiscal, government officials said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DPNg...

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IL&FS misses Rs 57.29-cr repayments; total defaults cross Rs 4,600 cr

Infrastructure Leasing & Financial Services (IL&FS), for the second consecutive day, on Tuesday said it has defaulted on two repayments of short-term deposits, including interest of Rs 57.29 crore, taking the total amount in defaults till date to Rs 4,640.95 crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2S3sN...

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Not all PCA banks may benefit from RBI review

A central bank panel under governor Urjit Patel could next month revisit its corrective regime framework for weak banks that don’t have international operations. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2S7TP...

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RBI-Govt truce: Easier norms free up Rs 35,000 crore capital, allow Rs 3.5 lakh crore loans

The Reserve Bank of India’s (RBI) decision to extend the timeline for the implementation of the capital conservation buffer (CCB) norm by a year to March 2020 could reduce banks’ capital requirements by around Rs 35,000 crore for the current fiscal, government officials said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DPNg...

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IL&FS misses Rs 57.29-cr repayments; total defaults cross Rs 4,600 cr

Infrastructure Leasing & Financial Services (IL&FS), for the second consecutive day, on Tuesday said it has defaulted on two repayments of short-term deposits, including interest of Rs 57.29 crore, taking the total amount in defaults till date to Rs 4,640.95 crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2S3sN...

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RBI board's decisions to be positive for economy: Uday Kotak

After a nine-hour meeting held on Monday, the board took a slew of steps including a restructuring scheme for MSME borrowers with credit facilities of up to Rs 25 crore and giving banks some concession on capital adequacy norms. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TtBY...

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A timeline of YES Bank’s tussle with RBI

Yes Bank Ltd, India’s fifth largest private-sector lender by assets, has had a tumultuous couple of months since the country's central bank trimmed e from Business Line - Money & Banking https://ift.tt/2BnbU...

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Yes Bank Board to meet on December 13 to consider board-level vacancies

With a flux in its top leadership, the board of Yes Bank will meet next month to take stock of all vacancies for independent directors and its next Ma from Business Line - Money & Banking https://ift.tt/2KkRB...

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Yes Bank Board to meet on December 13 to consider board-level vacancies

With a flux in its top leadership, the board of Yes Bank will meet next month to take stock of all vacancies for independent directors and its next M from Business Line - Money & Banking https://ift.tt/2Q63Y...

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Protect new-found trust: Former central bankers

A former central bank governor said deputy governor Viral Acharya’s speech attacking the government was unnecessary, adding that there would be a period of painful adjustment after the patch-up. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QZWm...

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More headroom for banks, but investors unimpressed

The RBI board also decided to grant relief to small businesses — a move that could result in lenders not having to classify stressed loans in this sector as non-performing. Allahabad Bank was the only PSU lender to see its shares gain, while its peers lost between 2% and 5% on Tuesday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2QZCP...

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Markets open lower, Sensex down 80 points; Nifty below 10,650

Infosys, Wipro, TCS, Vedanta, Tata Steel and ICICI Bank were among the top losers on the BSE index, down as much as 2.47 per cent. On NSE, except for Nifty IT and Metal, all other sub-indices were trading in green. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2FAdf...

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PSBs’ Q2 provisions 1.5 times their operating profit

Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-market losses on their bond portfolios added to pressure from loan losses. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DOXe...

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PSBs’ Q2 provisions 1.5 times their operating profit

Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-market losses on their bond portfolios added to pressure from loan losses. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DOXe...

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Reserve Bank of India: Banks may get Rs 13.4 crore capital exemption

The RBI pushed back the deadline by a year to March 2020 for banks to create a capital conservation buffer of 2.5% instead of the current 1.875%. from Banking/Finance-Industry-Economic Times https://ift.tt/2zkj3...

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PSBs’ Q2 provisions 1.5 times their operating profit

Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-market losses on their bond portfolios added to pressure from loan losses. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DOXe...

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PSBs’ Q2 provisions 1.5 times their operating profit

Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-market losses on their bond portfolios added to pressure from loan losses. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DOXe...

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Yes Bank's Rana Kapoor in talks with Madhu Kapur for truce

Rana Kapoor and Madhu Kapur have an acrimonious past and have also battled in the Bombay High Court. from Banking/Finance-Industry-Economic Times https://ift.tt/2S4Pq...

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ESAF Bank logs ₹24-cr profit

Our BureauKerala-based ESAF Small Finance Bank has registered ₹24 crore profit after tax (PAT) for the six months ending September 30 against a loss o from Business Line - Money & Banking https://ift.tt/2A7vD...

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CCB deferral could help PSBs get Rs 35,000 crore breather: CRISIL

"This will provide some breathing space to capital-starved PSBs," CRISIL Ratings senior director Krishnan Sitaraman said. from Banking/Finance-Industry-Economic Times https://ift.tt/2zibZ...

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RBI Board meeting cordial, with little sign of tension with Centre

The Reserve Bank of India’s marathon Central Board meeting on Monday witnessed members burying the hatchet and taking up the agenda at hand in a busin from Business Line - Money & Banking https://ift.tt/2Km3N...

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RBI board meet: Banks receiving more time to meet capital norms is ‘credit negative’; Moody’s explains why

The decision by the RBI board to increase timeline for banks to implement Basel 3 guidelines is ‘credit negative’ for government-owned banks, a global rating agency said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2KhNq...

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Is RBI PCA same as ‘Hotel California’ for Indian banks? Sanjeev Sanyal says let them leave

Principal economic advisor Sanjeev Sanyal Monday said the country cannot have 'Hotel California' approach towards banks under the prompt corrective action (PCA) framework, where the exit mechanism for these lenders is undefined. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OTuf...

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RBI move boosts banks' lending ability to $42 billion

RBI agreed at its board meeting on Monday to extend the deadline to March 31 so that lenders may further lift capital conservation buffers. from Business Line - Money & Banking https://ift.tt/2QXhC...

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Ujjivan Small Finance Bank launches personal loan facility for salaried individuals

Ujjivan Small Finance Bank, a wholly owned subsidiary of Ujjivan Financial Services Limited, launched personal loan facility for salaried professional from Business Line - Money & Banking https://ift.tt/2OTFT...

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RBI decision to ease capital norms credit negative for banks: Moody's

The RBI after a nine-hour marathon board meeting announced late Monday that it has extended the timeline for Indian banks to set aside an additional 0.625 percent as capital conservation buffer by one year to March 31, 2020 to help banks to lend more. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2S6By...

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NPA muddle: Call to probe role of workmen representatives on bank boards

The Centre should probe the role of Officer-Directors and Workmen-Directors on the boards of public sector banks during 2008-2014 when non-performing from Business Line - Money & Banking https://ift.tt/2QXdb...

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RBI’s decision to ease capital norms credit negative for banks: Moody's

The Reserve Bank of India's decision to allow lenders more time to adhere to additional capital buffer norms under Basel 3 is credit negative for the from Business Line - Money & Banking https://ift.tt/2Q5Cg...

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Marathon RBI Board Meet: Modi government, Reserve Bank of India smoke peace pipe

‘Surplus transfer’ policy under review, small relief for banks on capital adequacy, MSME package soon. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PI0f...

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IL&FS defaults on Rs 307-cr deposits from MUDRA due on November 17

IL&FS (Infrastructure Leasing & Financial Services) on Monday said it has defaulted on principal and interest of over Rs 307 crore with respect to deposits from MUDRA (Micro Units Development & Refinance Agency) due on November 17, 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2QWXz...

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UPI usage volumes surpass wallet volumes in September

The number of transactions made using the Unified Payments Interface (UPI) overtook that of mobile-wallet transactions for the first time in September this year, data released by the Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) show. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PI09...

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IL&FS effect! Liquidity woes – NBFCs bank on securitisation

Average daily net liquidity deficit in banking system for the week ended Nov 16 rose to Rs 90,648 crore against Rs 68,612 crore a week ago. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2R1Yd...

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Yes Bank Director R. Chandrashekhar quits, says he's unhappy with developments

The Mumbai-based lender has seen a spate of resignations in the past week as it continues its search for a new CEO to replace the incumbent, Rana Kapoor. from Banking/Finance-Industry-Economic Times https://ift.tt/2PG6y...

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More steps for MSMEs, weak banks likely at next meeting

Sources said the decision may come at the next meeting scheduled for December 14, and could be accompanied by a relaxation in the prompt corrective action (PCA) framework for so-called weak banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2zfOh...

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Interest in RBI goes beyond interest rates

The change in image started with ‘Raghuram Rajan the Rockstar’ who made the RBI — which by the very nature of any central bank, is supposed to be staid and stodgy — look kind of ‘sexy’. But that was largely personality-driven because of the way Rajan walked and talked. The general public still wasn’t much the wiser about the role and remit of RBI. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OU10...

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Easing tensions between RBI, govt positive for INR assets: report

Singapore, Nov 20 Easing tensions between the Reserve Bank of India (RBI) and the government was likely to be positive for Indian Rupee (INR) assets, from Business Line - Money & Banking https://ift.tt/2Frul...

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Housing Finance Companies may have to report liquidity status

The National Housing Bank wants to know the liquidity status of housing finance companies over the next 30 days,” said a CEO of a large HFC. from Banking/Finance-Industry-Economic Times https://ift.tt/2Q9wm...

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YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

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RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

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YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

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RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

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YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

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RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

Read more »

YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

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RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

Read more »

YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

Read more »

RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

Read more »

YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

Read more »

RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

Read more »

YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

Read more »

RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

Read more »

YES Bank’s independent director Rentala Chandrashekhar resigns; promoters seek board overhaul

In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ONcE...

Read more »

RBI to inject Rs 8,000 crore into the system through purchase of government securities on November 22

The Reserve Bank said Monday it will inject Rs 8,000 crore into the system through purchase of government securities on November 22. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2zfDz...

Read more »

Hong Kong-based PAG raises $6 billion for third Asia fund, plans investment in India

Within three years, the PAG has been able to fully invest its second fund - PAG Asia Fund ll to raise its third fund. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ft7a...

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Finish your bank-related work by tomorrow! Holidays to rule this week; check dates

As festivals rule this week, banks in many cities will remain closed on three days this week. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q9sI...

Read more »

This chart shows how limited surplus transfer from RBI could help end feud

Bloomberg Economics sees merit in political demands for a lower capital reserve framework for the central bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fw5c...

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True North puts VKL stake on sale, eyes Rs 1,000 crore deal

A True North spokesperson declined to comment on the planned transaction, while emails sent to Ajay Mariwala, managing director of VKL, and Avendus did not elicit any responses. from Banking/Finance-Industry-Economic Times https://ift.tt/2Fwon...

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Danske Bank whistleblower says European bank handled $150 billion of payments

The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European lender helped process up to $150 from Business Line - Money & Banking https://ift.tt/2PBvG...

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RBI to inject Rs 8,000 cr liquidity on Nov 22

The Reserve Bank said on Monday it will inject ₹8,000 crore into the system through purchase of government securities on November 22. “Based on an as from Business Line - Money & Banking https://ift.tt/2A5cL...

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How far can the rupee strengthen?

A study of the historical movements in the currency indicates it could test 69 and 68 in the coming months from Business Line - Money & Banking https://ift.tt/2ORsD...

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Exit mechanism for banks under PCA crucial: Sanjeev Sanyal

The Reserve Bank of India's PCA framework, which intends to nurse financially weak banks back to health, restricts lending and expansion of lenders. from Banking/Finance-Industry-Economic Times https://ift.tt/2PERp...

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RBI to inject Rs 8,000 crore liquidity on November 22

The eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on November 22. from Banking/Finance-Industry-Economic Times https://ift.tt/2R0El...

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R Chandrashekhar resigns: Third resignation from YES Bank board in a week

The NRC last Tuesday had discussed how the role and responsibility of the board be improved, sources said, indicating that the resignations are part of this process. from Banking/Finance-Industry-Economic Times https://ift.tt/2Dvf0...

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Here's the official statement of RBI board meet

RBI board discussed the reserve issue and agreed on the formation of committees to review capital transfer from Banking/Finance-Industry-Economic Times https://ift.tt/2Q7lO...

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Yes Bank board overhaul likely; R Chandrashekhar may resign shortly

There is a big rejig and clean-up exercise underway at the Yes Bank Board. Sources say the board will be overhauled and newest exit might be that of R Chandrashekhar. from Banking/Finance-Industry-Economic Times https://ift.tt/2FuH0...

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RBI board meeting concludes, board will work on lifting some state run banks out of PCA

While many of the contentious issues were discussed, the mood was cordial unlike their views expressed over the past few weeks as they looked to ease the liquidity squeeze that strained the workings of Non-Banking Finance Companies. from Banking/Finance-Industry-Economic Times https://ift.tt/2S2vm...

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RBI board holds marathon meeting amid differences with government

The RBI board held a marathon meeting on Monday amid a rift between the central bank and the government over several issues, including how much capital the apex bank needs, lending norms for small and medium enterprises and rules for weak banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Biiy...

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25 banks in talks for post-Brexit EU licence: ECB

Twenty-five banks are “well advanced” in their talks with the European Central Bank to retain a foothold in the European Union even after Britain leav from Business Line - Money & Banking https://ift.tt/2PE1g...

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4 dialysis facilities under CSR scheme

Karur Vysya Bank has partnered with the Rotary Foundation to set up low-cost dialysis facilities at Karur, Theni, Dindigul and Tiruchi in Tamil Nadu from Business Line - Money & Banking https://ift.tt/2QQ94...

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25 banks in talks for post-Brexit EU licence: ECB

Reuters Twenty-five banks are “well advanced” in their talks with the European Central Bank to retain a foothold in the European Union even after Brit from Business Line - Money & Banking https://ift.tt/2zgZm...

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No confrontation between Centre and RBI: Piyush Goyal

Goyal also said that there was nothing objectionable in discussions among the members of RBI's board of directors (BOD) about the central bank's responsibilities towards the country. from Banking/Finance-Industry-Economic Times https://ift.tt/2zj1q...

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Fast-growing online gateways turn darlings of foreign investors

Niche Indian players gaining foreign investors’ attention from Business Line - Money & Banking https://ift.tt/2OUgu...

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Future Generali names interim head

Future Generali India Insurance Company has designated Shreeraj Deshpande as its Principal Officer and Key Managerial Personnel. “Deshpande will be re from Business Line - Money & Banking https://ift.tt/2zgFk...

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RBI board meeting: Members make conciliatory moves; board to form committees to look into critical issues

According to sources, RBI has agreed to review the corrective action plan for public sector banks. The central bank also said that the bank does not have any fixed positions on it. from Banking/Finance-Industry-Economic Times https://ift.tt/2Fvug...

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Hong Kong-based PAG raises $6 billion for third Asia fund, plans investment in India

Within three years, the PAG has been able to fully invest its second fund - PAG Asia Fund ll to raise its third fund. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ft7a...

Read more »

Finish your bank-related work by tomorrow! Holidays to rule this week; check dates

As festivals rule this week, banks in many cities will remain closed on three days this week. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q9sI...

Read more »

This chart shows how limited surplus transfer from RBI could help end feud

Bloomberg Economics sees merit in political demands for a lower capital reserve framework for the central bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fw5c...

Read more »

SBI Capital Ventures launches SME, affordable housing funds

SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, Monday launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TnY8...

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IRDAI to review motor insurance norms for own damage cover

The Insurance Regulatory and Development Authority of India (IRDAI) is planning to review norms of the own damage segment of motor insurance. In this from Business Line - Money & Banking https://ift.tt/2Fy3w...

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Sensex rallies over 300 points ahead of RBI board meet outcome

The finance ministry nominees and some independent directors were expected to take on Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2OM4G...

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Bitcoin sinks to new 13-month

Bitcoin slumped to a new 13-month low, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform.Bitcoin was last down 5.2 percent a from Business Line - Money & Banking https://ift.tt/2PCn6...

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RBI board meet underway to discuss key issues

To discuss PCA framework, MSME sector liquidity issue and Section 7 of RBI Act among others from Business Line - Money & Banking https://ift.tt/2QV46...

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HDFC disburses over ₹1,100 cr under PMAY’s CLSS

HDFC Ltd has disbursed subsidy to over 51,000 customers amounting to over ₹1,100 crore under the Pradhan Mantri Awas Yojana’s (PMAY) Credit Linked Su from Business Line - Money & Banking https://ift.tt/2DwRz...

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YES Bank’s search panel shortlists 10 candidates for MD and CEO

The Search and Selection Committee of YES Bank is understood to have shortlisted close to 10 potential candidates who could be appointed as the next from Business Line - Money & Banking https://ift.tt/2OREQ...

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Sensex rises over 150 points ahead of RBI board meet

Finance Ministry nominees and some independent directors are expected to take on Governor Urjit Patel and his team later in the day over issues ranging from micro, small and medium enterprises (MSME) credit to the central bank's reserves, though both sides are in favour of reaching a common ground. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ftix...

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Rupee sheds 9 paise against US dollar

However, weakness in the US dollar against some currencies in global market and a higher opening of the domestic equity markets limited the rupee fall ahead of Reserve Bank of India's board meet, dealers said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TsiB...

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Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

CIC again asks PMO, RBI to disclose wilful defaulters’ list, Raghuram Rajan’s letter on bad loans

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kcow...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

CIC again asks PMO, RBI to disclose wilful defaulters’ list, Raghuram Rajan’s letter on bad loans

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kcow...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

CIC again asks PMO, RBI to disclose wilful defaulters’ list, Raghuram Rajan’s letter on bad loans

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kcow...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

CIC again asks PMO, RBI to disclose wilful defaulters’ list, Raghuram Rajan’s letter on bad loans

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kcow...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

CIC again asks PMO, RBI to disclose wilful defaulters’ list, Raghuram Rajan’s letter on bad loans

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kcow...

Read more »

Amid tiff with Centre, RBI board likely to debate liquidity crisis

The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DrKv...

Read more »

CIC again asks PMO, RBI to disclose wilful defaulters’ list, Raghuram Rajan’s letter on bad loans

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kcow...

Read more »

Amazon Echo devices now available on Microsoft Store

Following its partnership with Amazon to integrate their two Artificial Intelligence (AI)-powered assistants Alexa with Cortana, Microsoft has now started selling Amazon's Echo devices in its retail stores. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Dxqi...

Read more »

RBI board meeting on Monday; likely to reach common ground on some key issues

Reserve Bank of India board meeting: The RBI's central board currently has 18 members, though the provision is that it can go up to 21. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DL1N...

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RBI net sells $18.66 billion of greenback between April-September

The Reserve Bank of India (RBI) net sold USD 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qTKy...

Read more »

Amazon Echo devices now available on Microsoft Store

Following its partnership with Amazon to integrate their two Artificial Intelligence (AI)-powered assistants Alexa with Cortana, Microsoft has now started selling Amazon's Echo devices in its retail stores. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Dxqi...

Read more »

RBI board meeting on Monday; likely to reach common ground on some key issues

Reserve Bank of India board meeting: The RBI's central board currently has 18 members, though the provision is that it can go up to 21. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DL1N...

Read more »

RBI net sells $18.66 billion of greenback between April-September

The Reserve Bank of India (RBI) net sold USD 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qTKy...

Read more »

Clashes likely as RBI board meets today

But two sides may seek common ground on issues related to economic growth from Business Line - Money & Banking https://ift.tt/2ziZp...

Read more »

Amazon Echo devices now available on Microsoft Store

Following its partnership with Amazon to integrate their two Artificial Intelligence (AI)-powered assistants Alexa with Cortana, Microsoft has now started selling Amazon's Echo devices in its retail stores. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Dxqi...

Read more »

RBI board meeting on Monday; likely to reach common ground on some key issues

Reserve Bank of India board meeting: The RBI's central board currently has 18 members, though the provision is that it can go up to 21. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DL1N...

Read more »

RBI net sells $18.66 billion of greenback between April-September

The Reserve Bank of India (RBI) net sold USD 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qTKy...

Read more »

Amazon Echo devices now available on Microsoft Store

Following its partnership with Amazon to integrate their two Artificial Intelligence (AI)-powered assistants Alexa with Cortana, Microsoft has now started selling Amazon's Echo devices in its retail stores. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Dxqi...

Read more »

RBI board meeting on Monday; likely to reach common ground on some key issues

Reserve Bank of India board meeting: The RBI's central board currently has 18 members, though the provision is that it can go up to 21. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DL1N...

Read more »

RBI net sells $18.66 billion of greenback between April-September

The Reserve Bank of India (RBI) net sold USD 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qTKy...

Read more »

Amazon Echo devices now available on Microsoft Store

Following its partnership with Amazon to integrate their two Artificial Intelligence (AI)-powered assistants Alexa with Cortana, Microsoft has now started selling Amazon's Echo devices in its retail stores. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Dxqi...

Read more »

RBI board meeting on Monday; likely to reach common ground on some key issues

Reserve Bank of India board meeting: The RBI's central board currently has 18 members, though the provision is that it can go up to 21. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DL1N...

Read more »

RBI net sells $18.66 billion of greenback between April-September

The Reserve Bank of India (RBI) net sold USD 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qTKy...

Read more »

Amazon Echo devices now available on Microsoft Store

Following its partnership with Amazon to integrate their two Artificial Intelligence (AI)-powered assistants Alexa with Cortana, Microsoft has now started selling Amazon's Echo devices in its retail stores. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Dxqi...

Read more »

RBI board meeting on Monday; likely to reach common ground on some key issues

Reserve Bank of India board meeting: The RBI's central board currently has 18 members, though the provision is that it can go up to 21. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DL1N...

Read more »

RBI net sells $18.66 billion of greenback between April-September

The Reserve Bank of India (RBI) net sold USD 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qTKy...

Read more »

Amazon Echo devices now available on Microsoft Store

Following its partnership with Amazon to integrate their two Artificial Intelligence (AI)-powered assistants Alexa with Cortana, Microsoft has now started selling Amazon's Echo devices in its retail stores. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Dxqi...

Read more »

RBI board meeting on Monday; likely to reach common ground on some key issues

Reserve Bank of India board meeting: The RBI's central board currently has 18 members, though the provision is that it can go up to 21. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DL1N...

Read more »

RBI net sells $18.66 billion of greenback between April-September

The Reserve Bank of India (RBI) net sold USD 18.662 billion of the greenback in the spot market, during the first seven months of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qTKy...

Read more »

CIC again asks PMO, RBI to disclose wilful defaulters’ list, Raghuram Rajan’s letter on bad loans

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Rag from Business Line - Money & Banking https://ift.tt/2DK7G...

Read more »

HDFC disburses Rs 1,100 crore subsidy to 51,000 home buyers under PMAY

HDFC has provided loans of over Rs 9,800 crore under PMAY-Credit Linked Subsidy Scheme, to these customers belonging to EWS Economically Weaker Section. from Banking/Finance-Industry-Economic Times https://ift.tt/2BeV2...

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Will appear if I’m fit to travel: Choksi to PMLA Court

Fugitive diamantaire Mehul Choksi, accused of involvement in the over $2-billion fraud at Punjab National Bank, has told a special court here that he from Business Line - Money & Banking https://ift.tt/2DKTF...

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SBI YONO suspends paperless a/c opening via Aadhaar

Moves RBI on other options from Business Line - Money & Banking https://ift.tt/2qR08...

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State-owned banks' losses widened nearly 3.5 times in July-September

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Q85d...

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As SBI’s YONO suspended post SC verdict on Aadhaar, bank seeks clarification from RBI

As SBI's one-stop solution platform 'YONO' for accessing all the banking services digitally remained suspended following the Supreme Court's order on Aadhaar seeding, the bank has sought clarity from the RBI for an alternative solution, a top official said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DKFP...

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State-owned banks’ losses widened nearly 3.5 times to Rs 4,284 cr in July-September

State-owned banks saw their cumulative losses widen nearly three-and-a-half times to Rs 14,716.2 crore in the July-September quarter of the current fiscal due to mounting bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DHLL...

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As SBI’s YONO suspended post SC verdict on Aadhaar, bank seeks clarification from RBI

As SBI's one-stop solution platform 'YONO' for accessing all the banking services digitally remained suspended following the Supreme Court's order on Aadhaar seeding, the bank has sought clarity from the RBI for an alternative solution, a top official said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DKFP...

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State-owned banks’ losses widened nearly 3.5 times to Rs 4,284 cr in July-September

State-owned banks saw their cumulative losses widen nearly three-and-a-half times to Rs 14,716.2 crore in the July-September quarter of the current fiscal due to mounting bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DHLL...

Read more »

As SBI’s YONO suspended post SC verdict on Aadhaar, bank seeks clarification from RBI

As SBI's one-stop solution platform 'YONO' for accessing all the banking services digitally remained suspended following the Supreme Court's order on Aadhaar seeding, the bank has sought clarity from the RBI for an alternative solution, a top official said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DKFP...

Read more »

State-owned banks’ losses widened nearly 3.5 times to Rs 4,284 cr in July-September

State-owned banks saw their cumulative losses widen nearly three-and-a-half times to Rs 14,716.2 crore in the July-September quarter of the current fiscal due to mounting bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2DHLL...

Read more »

As SBI's YONO suspended post SC verdict on Aadhaar, bank seeks clarification from RBI

The digital platform 'YONO', launched in November 2017, offers all financial services and lifestyle products. from Banking/Finance-Industry-Economic Times https://ift.tt/2QSnk...

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State-owned banks’ losses widened nearly 3.5 times in Jul-Sep

State-owned banks saw their cumulative losses widen nearly three-and-a-half times to Rs 14,716.2 crore in the July-September quarter of the current f from Business Line - Money & Banking https://ift.tt/2ONaa...

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