ICICI-Videocon money laundering case: ED files case against Kochhars, Dhoot

It is alleged that Dhoot had invested in Deepak Kochhar’s company Nupower

from Business Line - Money & Banking http://bit.ly/2S4oBYw

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Q3 results: Central Bank of India narrows loss to ₹718 cr

The provision for bad loans also declined to ₹2,039.19 crore

from Business Line - Money & Banking http://bit.ly/2RwuVCJ

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Blackstone pips Baring, Hero Fincorp to buy Aadhar Housing Finance for Rs 2,700 crore

The company was looking at this deal to free up capital and use the fund to ease liquidity pressure on Dewan Housing Finance.

from Banking/Finance-Industry-Economic Times http://bit.ly/2S2WhFL

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5 years of Modi govt: How your country fared

Modi govt's GDP growth record-7.6% average for 5 years-is comfortably ahead of UPA's 6.7%. Farm sector's contribution to GDP fell below 15% in 2017-18 and continues to shrink further. Fiscal deficit as % of GDP is down and the deficit was kept in check. Foreign investment flows kept breaking records. Growth in bank lending to commercial sector fell to a 10-year low .

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Gg5CmA

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Union Budget 2019: How you fared during five years of Modi govt

In the last five years, Modi government kept inflation low and brought down the cost of borrowing, raised taxes on income and investment, but cut them on most goods you consume. It also accelerated access to amenities-power, toilets, roads, bank accounts and education- but it couldn't do much for middle-class asset creation in equity and real estate.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2SoK3Xm

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Rise in TDS limit to benefit small depositors

But bankers don’t see problem of excess liquidity, say move aimed at operational ease for customers and banks

from Business Line - Money & Banking http://bit.ly/2GepFBI

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NPA crisis: Not just recapitalisation, PSBs must change hands

From using the old tricks of capitalising even sinking public-sector banks (PSBs) to bringing in new reforms like the Insolvency and Bankruptcy Code (IBC) to facilitate an early detection and time-bound resolution of stressed assets, the current government tried it all.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DPetd6

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SBI swings to profit at Rs 3,955 cr

The bank’s asset quality improved further, with gross non-performing assets coming down to 8.71% from 10.35% at the end of December quarter, while net NPAs improved to 3.95% from 5.61%, on the back of accelerated provisioning made during the quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MKp9N8

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Lenders hope you’ll bank on FDs again as TDS limit raised 4-fold

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2G3UdXF

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Budget 2019: Govt wants banks to be profitable, efficient

However, the interim finance minister has not earmarked any capital outlay for the NPA-ladent NPAs.

from Banking/Finance-Industry-Economic Times http://bit.ly/2S5bDJS

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Budget 2019: Banks to also reap the benefits

The government has allocated a yearly budget of Rs 75,000 crore for this programme.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MKDg5h

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Credit growth set to take off with PSU banks on the mend

Recoveries, capital infusion have set the stage for jump in credit delivery.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TwDnE9

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Big bucks for small depositors

Hike in limit that triggers TDS on post-office, bank deposits will free up cash flows

from Business Line - Money & Banking http://bit.ly/2Rtgu2s

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A rocky ride for banks over the past five years

Deteriorating bank balance-sheets, steep rise in bad loans and no meaningful recovery in capex have left the sector reeling

from Business Line - Money & Banking http://bit.ly/2WyQnuK

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Bumpy ride for bonds

The ChangeWhen the Centre announced the fiscal deficit number of 3.4 per cent for FY19 as against its budgeted 3.3 per cent, bond markets chose to for

from Business Line - Money & Banking http://bit.ly/2Rxh8Mr

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Yes Bank shares fall 4.5% as senior group president resigns

Shares of Yes Bank fell by 4.5 per cent on Friday after senior group president and head - retail and business banking Pralay Mondal tendered his resi

from Business Line - Money & Banking http://bit.ly/2UySFIe

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Despite consumption push, RBI not to worry about inflation for now

Central bank may not raise rates in February 7 monetary policy review: analysts

from Business Line - Money & Banking http://bit.ly/2MM3gwX

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Pralay Mondal quits YES Bank

A day after its founding Managing Director and CEO Rana Kapoor demitted office, private sector lender YES Bank on Friday announced that its Senior Gr

from Business Line - Money & Banking http://bit.ly/2DOP0AU

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SBI denies data breach,says servers,customer data fully secure

The nation's largest lender State Bank of India Friday denied reports that its servers have been compromised last week and assured that all its customer data continue to remain safe and secure.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MOvXtm

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IDBI loan fraud case: ED attaches Rs 224 crore worth of assets of firms linked to C Sivasankaran

The ED, in a statement, said the assets include land parcels and office premises located at MRC Nagar and T Nagar in Chennai, mutual funds and deposits available in bank accounts.

from Banking/Finance-Industry-Economic Times http://bit.ly/2S3IONO

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Industry expects budget boosting insurance peneration

"The interim budget aims to uplift the poor, both in cities as well as in villages," ICICI Lombard General Insurance's Bhargav Dasgupta said.

from Banking/Finance-Industry-Economic Times http://bit.ly/2CXYCYn

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“Board’s changing stance, events at ICICI Bank highlight governance problems in Indian banks”

S&P noted that it is unclear if ICICI Bank would face any legal or financial risk

from Business Line - Money & Banking http://bit.ly/2sZvHOX

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State Bank of India posts biggest quarterly profit in nearly 7 years

State Bank of India beat expectations and posted its highest quarterly profit in nearly seven years on Friday, as the country's biggest lender by assets set aside lower provisions for bad loans and asset quality improved.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RZvD0H

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Proposal on govt e-marketplace to help MSMEs

Welcoming the interim budget of the Union Government for 2019-20, Mahabaleshwara MS, Managing Director and Chief Executive Officer of Karnataka Bank L

from Business Line - Money & Banking http://bit.ly/2Rw6eGL

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State Bank of India Q3 profit beats estimates

State Bank of India (SBI) reported a bigger-than-expected quarterly profit on Friday, as the country's biggest lender by assets set aside lower provis

from Business Line - Money & Banking http://bit.ly/2HLcVF4

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Yes Bank senior group president Pralay Mondal resigns

Mondal, who had joined Yes Bank in 2012, was one of the two senior officials who were elevated to the post of Executive Directors in September last year.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MLMaPD

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Other banks to be out of PCA framework soon, says FM Piyush Goyal in Budget 2019

Various steps taken by the government has helped the banks significantly and as a result three banks are out of the PCA framework, he said while presenting the Interim Budget for 2019-20.

from Banking/Finance-Industry-Economic Times http://bit.ly/2G1FnRE

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Yes Bank senior group president Pralay Mondal resigns

Close on the heels of long time MD and CEO Rana Kapoor demitting office, Yes Bank senior group president and head - retail and business banking Prala

from Business Line - Money & Banking http://bit.ly/2MGzBoO

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More banks to be out of PCA framework soon, says FM

A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goyal on Friday expressed

from Business Line - Money & Banking http://bit.ly/2MKPXwW

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Budget 2019: Rs 6,000 per year for farmers with less than 2 hectares of land, says Piyush Goyal

​"Under Pradhan Mantri Kisan Samman Nidhi, Rs 6,000 per year for each farmer, in three installments, to be transferred directly to farmers' bank accounts, for farmers with less than 2 hectares land holding," Goyal said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2S53sNX

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Property worth over ₹ 13,000 cr attached, says Mallya

Laments how far will this go and well beyond

from Business Line - Money & Banking http://bit.ly/2HJHo6A

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US banks shifting some London staff ahead of Brexit deadline

Prior to Brexit, US banks had shown a preference to situate many functions in London

from Business Line - Money & Banking http://bit.ly/2G2RVYW

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Chanda Kochhar hires lawyer to launch defence

Chanda Kochhar, the former bank CEO wasn’t allowed to present her case before the panel.

from Banking/Finance-Industry-Economic Times http://bit.ly/2UAhaoL

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Chanda Kochhar was given clean chit by board for other loans

ICICI bank's decision said to be based on a report by Cyril Amarchand Mangaldas, and did not cover loans in CBI’s FIR.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SgX8lG

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Dena Bank Q3 loss narrows as provisions decreases

Provisions fell 62% year-on-year to Rs414 crore on account of fall in slippages and an increase in recoveries from non-performing assets (NPAs).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WsFMl3

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RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

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RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

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RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

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RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

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RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

Read more »

RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

Read more »

RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

Read more »

RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RsdO5e

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SBI denies data leak charges, but customers be on alert

According to a senior bank official ET spoke with, there is cause for concern because of the lengthy chain in a transaction set.

from Banking/Finance-Industry-Economic Times http://bit.ly/2G0KelW

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RBI frees Bank of India, Oriental Bank, BoM from Prompt Corrective Action framework

Our Bureau The RBI has decided to take Bank of India (BoI) and Bank of Maharashtra (BoM) out of the Prompt Corrective Action (PCA) framework following

from Business Line - Money & Banking http://bit.ly/2Wu4Tns

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Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

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This is how much Chanda Kochhar may have to return in lost bonus to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

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ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

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Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar is expected to return back to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

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Lakshmi Vilas Bank’s ₹700-crore QIP issue may open in February

Funds to shore up tier-I ratio, increase provision coverage and grow business

from Business Line - Money & Banking http://bit.ly/2CTTsfS

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Insurers a worried lot with no takers for title insurance, inherent defects policy

High pricing of title insurance, lack of proper mechanism key pain points

from Business Line - Money & Banking http://bit.ly/2G0dDwu

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Corp Bank focusing on 8 parameters for growth: CEO

Our Bureau Corporation Bank has been focussing on eight parameters for overall growth, according to Jai Kumar Garg, Managing Director and CEO of the b

from Business Line - Money & Banking http://bit.ly/2GiZCJZ

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Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar is expected to return back to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

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Lesson for India Inc: ‘Any allegation must be taken seriously and quickly’

SurabhiWas ICICI Bank’s board too hasty initially in giving a clean chit to its former Managing Director and CEO Chanda Kochhar, or should she have m

from Business Line - Money & Banking http://bit.ly/2UpSKhA

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RBI launches Ombudsman Scheme for digital payments

Our BureauIn what could boost customer confidence to carry out online financial transactions, the RBI has launched an ombudsman scheme to tackle fraud

from Business Line - Money & Banking http://bit.ly/2FZzswf

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AIBOC to hold ‘Maha Morcha’ to protest bank amalgamation

Our BureauTo protest the amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda and delay in the industry-wide wage negotiation process, the Al

from Business Line - Money & Banking http://bit.ly/2GezT5o

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Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar may have to return in lost bonus to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

Read more »

PSBs shut down ATMs on high maintenance cost, but interchange fee may hit them hard

Narayanan V Indian public sector banks (PSBs) are caught in a piquant situation. Increasing maintenance cost is forcing them to shut down ATMs, but do

from Business Line - Money & Banking http://bit.ly/2GbkySY

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Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar may have to return in lost bonus to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

Read more »

Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar may have to return in lost bonus to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar may have to return in lost bonus to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

Read more »

Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar is expected to return back to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

Read more »

Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar may have to return in lost bonus to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

Read more »

Rana Kapoor leaves Yes Bank, Ajai Kumar interim CEO

The RBI had, in September 2018, asked him to leave office by January 31

from Business Line - Money & Banking http://bit.ly/2B9oHU4

Read more »

Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar is expected to return back to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

Read more »

Yes Bank appoints Ajai Kumar as interim CEO; all about veteran banker

Yes Bank on Thursday appointed Ajai Kumar as interim MD & CEO with effect from February 1 this year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CTkZhu

Read more »

This is how much Chanda Kochhar is expected to return back to ICICI Bank after indictment

As per the various annual reports of the bank, Chanda Kochhar was granted 94 lakh shares but it could not be verified that how much stock options she had exercised.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CUEaHL

Read more »

ICICI Bank loan case: How investigative ‘adventurism’ hurts ease of doing business

The Minister’s damnation makes it loud and clear, not only to the CBI but also to the other agencies of the government, that such an ‘intent’ is ruinous for the ease of doing business; something that the Modi government underlines among its successes.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Usd1TF

Read more »

Bank of India, Maharashtra to come off central bank watchlist -source

The move follows improvements in their asset quality and capital ratios and a ruling by the RBI on Thursday, said the source, who asked not to be identified as the discussions are private.

from Banking/Finance-Industry-Economic Times http://bit.ly/2DLewGZ

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Banking sector to adopt AI solutions to improve efficiency of internal operations

The banking and financial services sector will see the increasing adoption of artificial intelligence in the days ahead, to make internal operations

from Business Line - Money & Banking http://bit.ly/2UstjvN

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Sensex zooms 665 points; Nifty ends above 10,800

On the BSE index, Axis Bank, Tata Motors, Infosys, Reliance Industries, Kotak Mahindra Bank and Bajaj Auto tracked major gains with their stocks surging as much as much as 4.64 per cent. On NSE, except for Nifty Media, all other sub-indices finished in green with Nifty Bank leading the pack by rising 1.75 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2CZ7jBu

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AI seen as most prominent FinTech intervention for banking sector

HDFC Bank is witnessing rapid transition from off-line transactions to digital transactions

from Business Line - Money & Banking http://bit.ly/2GcO6iY

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Irdai asks insurers to make provisions for IL&FS exposure

The IL&FS group with a debt of over Rs 94,000 crore, has been defaulting on its financial obligations since August and has also borrowed from insurance companies, even though the exact exposure of the industry is not immediately known.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TvgSz2

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IRDAI asks insurers to make provisions for IL&FS exposure

Insurance companies will have to make provisions for their exposure to the crippled infra lender IL&FS, industry regulator IRDAI said on Thursday

from Business Line - Money & Banking http://bit.ly/2CSxjhY

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Goldman Sachs sued by merger client over costly loan changes

The suit says Goldman went into full mitigation mode after having trouble finding investors

from Business Line - Money & Banking http://bit.ly/2RYKSqv

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Hurt & shocked by ICICI action: Chanda Kochhar

Kochhar, who was the face of ICICI Bank for a decade and celebrated as the country’s most powerful woman banker, said that she had served ICICI for 34 years with “all her dedication and hard work”. “I have never shied away from taking tough decisions whenever required to be taken in the best interest of the organisation. This decision from the bank has caused me immense hurt and pain,” she said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Uq6too

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Central banks are on the biggest gold buying spree in decades

Demand for haven in Europe also aided demand in 2018, says WGC

from Business Line - Money & Banking http://bit.ly/2MGdSNO

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Q3 results: Indiabulls Housing Finance net profit falls to ₹985.51 cr

The company also declared an interim dividend of ₹10 per equity share

from Business Line - Money & Banking http://bit.ly/2WvBjhr

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ICICI Board must answer for the scandal around Chanda Kochhar

ICICI directors shouldn’t get a free pass from regulators. Otherwise, they’ll just show up at other boards.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TmgumE

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Srikrishna Probe: Chanda Kochhar sacked after found guilty of breaking the rules

Kochhar went on leave in June last year pending the probe into allegations of a conflict of interest in the lender awarding loans to Videocon Group.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bb0Mnm

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Srikrishna Probe: Chanda Kochhar sacked after found guilty of breaking the rules

Kochhar went on leave in June last year pending the probe into allegations of a conflict of interest in the lender awarding loans to Videocon Group.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bb0Mnm

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Srikrishna Probe: Chanda Kochhar sacked after found guilty of breaking the rules

Kochhar went on leave in June last year pending the probe into allegations of a conflict of interest in the lender awarding loans to Videocon Group.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bb0Mnm

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Madam, don't send us to court, firms tell biggest India bank

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for India’s business community, previously used to walking away from debts without major consequences.

from Banking/Finance-Industry-Economic Times http://bit.ly/2RpsNg1

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Madam, don’t send us to insolvency court, firms tell SBI

State Bank of India working with founders to restructure debt

from Business Line - Money & Banking http://bit.ly/2WwkliX

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Sensex jumps over 200 points on firm global cues; Nifty above 10,700

Top gainers in the Sensex pack include ICICI Bank, RIL, Tata Steel, SBI, Tata Motors, NTPC, Vedanta and TCS, rallying up to 2.20 per cent. On the other hand, Bajaj Finance, Yes Bank, Hero MotoCorp, Bajaj Auto, HDFC duo and HCL Tech were the top losers, falling up to 1.59 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2RtfxHw

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Lending has been our star performer: MobiKwik founder

MobiKwik is now a Digital Bank for the millions of underbanked Indians. From accessing one’s bank account (via UPI),making payments, availing instant loans, to wealth management, buying/selling of digital gold and digital insurance— one can do it all on MobiKwik App. The App is targeted towards the 400 million customers who have bank accounts and smartphones but want a 21st century digital experience, not a web 1.0 or branch- led experience.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Wy4al1

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Srikrishna Probe: Chanda Kochhar sacked after found guilty of breaking the rules

Kochhar went on leave in June last year pending the probe into allegations of a conflict of interest in the lender awarding loans to Videocon Group.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bb0Mnm

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Sacked with retrospective effect, Chanda Kochhar to lose ESOPs

The move follows a report by former Supreme Court judge, B N Srikrishna, which found Kochhar guilty of violating the bank’s code of conduct in disbursing loans to Videocon group. Kochhar had gone on “leave” on June 18 last year pending completion of the enquiry.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2CSJQSC

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Yes Bank may name Shagun as board member

Between 2004 and 2007, she was vice-president at ICICI Venture where she closed five private equity deals. In 2007, she left the group to set up Tuscan Ventures to invest in the logistics sector. Since then, the fund has diversified and invested in analytics, wealth management and fintech lending

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ShiH5r

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Srikrishna Probe: Chanda Kochhar sacked after found guilty of breaking the rules

Kochhar went on leave in June last year pending the probe into allegations of a conflict of interest in the lender awarding loans to Videocon Group.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bb0Mnm

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Torrent sells 6 cardiac, diabetic brands

Torrent has mandated investment bank MAPE to divest overlapping brands — Pregaba, Ranx, Tenepure, Tolol, Zulu and Gemitrol — drawing early interest from Piramal Enterprises and private equity firms like Multiples Alternate Asset Management and ICICI Venture, among others

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2HHe14X

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Srikrishna Probe: Chanda Kochhar sacked after found guilty of breaking the rules

Kochhar went on leave in June last year pending the probe into allegations of a conflict of interest in the lender awarding loans to Videocon Group.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bb0Mnm

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US Fed keeps interest rate unchanged, says will be ‘patient’

The Federal Reserve left the key US lending rate unchanged on Wednesday, and said it would be “patient” about making any further changes, in the clear

from Business Line - Money & Banking http://bit.ly/2UrI6a3

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Senior management at ICICI Bank to have no titles

Designations at the bank will now be indicative of the function or the job that a person is expected to perfo

from Banking/Finance-Industry-Economic Times http://bit.ly/2HEPI7q

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Srikrishna committee report indicting Kochhar won’t impact CBI probe

Another person said the CBI is scrutinising the evidence collected so far and plans to summon the accused shortly for questioning.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SmWljf

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Kochhar violated code of conduct: Srikrishna panel

Lender says Kochhar flouted guidelines on disclosure of conflict of interest.

from Banking/Finance-Industry-Economic Times http://bit.ly/2BetXpx

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

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Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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Here's all that finally did Chanda Kochhar in

The Srikrishna panel has found that Chanda Kochhar indeed violated the banks code of conduct.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FYs58f

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Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

Read more »

ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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Chanda Kochhar says hurt and shocked by her termination, penalties

Justice Srikrishna panel indicted Chanda Kochhar and found her in violation of the bank's code of conduct.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MEB4Mz

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

Read more »

ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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Ministry of Corporate Affairs to probe allegations against Dewan Housing Finance

Reportedly, Dewan diverted funds to shell companies to buy assets, and that firms linked to Dewan's controlling shareholders - the Wadhawan group - made political donations beyond mandated levels.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FX6eOE

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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DHFL plans to raise ₹5,000 cr by selling project finance loans, non-core asset

Dewan Housing Finance Corporation (DHFL) on Wednesday said it is planning to generate up to ₹5,000 crore of liquidity by selling down project financ

from Business Line - Money & Banking http://bit.ly/2Gbfpuc

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Investcorp buys PE and realty investment unit from IDFC

Investcorp, a global manager of alternative investment products, announced the launch of its operations in India with the acquisition of the private

from Business Line - Money & Banking http://bit.ly/2FYf8eD

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YES Bank promoters still in discussions on consent agreement

Families yet to decide on nominee directors

from Business Line - Money & Banking http://bit.ly/2GfdMvD

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Banks need to focus on deposit growth to manage liquidity: SBI report

The widening gap between deposit and credit growth requires build-up of liquidity by focussing on deposit growth, which in turn could lead to harden

from Business Line - Money & Banking http://bit.ly/2FZ6bC1

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

Read more »

ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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ICICI Bank Q3 net down 2.7% on higher provisions

Total income rises 20% to ₹20,163 crore

from Business Line - Money & Banking http://bit.ly/2FZ55Gn

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

Read more »

ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

Read more »

ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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Cholamandalam Investment net jumps 39% to ₹304 crore on higher revenue

Cholamandalam Investment & Finance Company Ltd (CIFCL) has posted a 39 per cent growth in its net profit at ₹304 crore for the quarter ended Dece

from Business Line - Money & Banking http://bit.ly/2MKK1nC

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FIDC urges govt to exempt NBFCs with over ₹500 crore asset base from TDS

Ahead of the Union Budget, the Finance Industry Development Council (FIDC) has urged the government to exempt all non-banking finance companies (NBF

from Business Line - Money & Banking http://bit.ly/2sVDL3d

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Kochhar violated bank’s code of conduct: Srikrishna panel report

An independent enquiry initiated by ICICI Bank has indicted its former CEO Chanda Kochhar of violation of the bank’s code of conduct.The enquiry repo

from Business Line - Money & Banking http://bit.ly/2S8ewZR

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LIC Housing Finance posts 25% rise in Q3 profit

LIC Housing Finance Ltd reported a 25.50 per cent year-on-year increase in net profit at ₹596 crore in the third quarter ended December 31, 2018, on

from Business Line - Money & Banking http://bit.ly/2HHHlIn

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Karnataka Bank hikes deposit rate

Karnataka Bank has increased the rate of interest on its ‘KBL - Tax Planner’ deposit scheme. A press release said here the rate of interest on KBL - T

from Business Line - Money & Banking http://bit.ly/2RUCUyF

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Aadhaar not mandatory for buying insurance: IRDAI

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to refrain from seeking Aadhaar from the proposer or policy ho

from Business Line - Money & Banking http://bit.ly/2FWPgzW

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ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

ICICI Bank Q3 net profit falls 2.7% on year to Rs 1,605 crore: key figures in nutshell

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FYEWHL

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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Justice Srikrishna panel indicts Chanda Kochhar, says she violated bank's policies

ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ThGnE5

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ICICI Bank third-quarter net profit slips 2.7%

ICICI Bank reported a 2.7 per cent fall in third-quarter net profit on Thursday, missing analysts' estimates by a wide margin, as it set aside higher

from Business Line - Money & Banking http://bit.ly/2DI0s0N

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ICICI Bank Q3 profit down 3% at Rs 1,605 crore

Private sector lender ICICI Bank on Wednesday reported 2.7 per cent decline in its standalone net profit to Rs 1,604.91 crore for the third quarter ended December 2018. The bank had registered Rs 1,650 crore net profit in the corresponding October-December quarter of 2017-18

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2BcCCbW

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Bajaj Finserv Q3 profit rises 16% to ₹851 cr

Buoyed by consumer finance business

from Business Line - Money & Banking http://bit.ly/2Gc6TLA

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Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

Read more »

Banking on technology: Here’s how digital tech can help banks serve millennial customers better

Banks need to go a step further into digital transformation. It can help not only strengthen the internal operations of a bank, but also stand their ground against disruptive competition and serve their millennial consumer base better.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MI4PMd

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Postal department to spin off life insurance biz into separate unit

The postal department plans to spin off the postal life insurance and rural postal life insurance operations into a separate business unit (SBU) for

from Business Line - Money & Banking http://bit.ly/2HOyfcK

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Postal department to spin off life insurance business into separate unit

Sinha said IPPB has rolled out 1.26 lakh access points over the last five months and over the next week or 10 days the number is expected to rise to 1.36 lakh.

from Banking/Finance-Industry-Economic Times http://bit.ly/2B6eiID

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How Bitcoin could help Iran undermine US sanctions

Iran's economy has been hobbled by banking sanctions that effectively stop foreign companies from doing business in the country. But transactions in bitcoin, difficult to trace, could allow Iranians to make international payments while bypassing the US restrictions on banks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2SdWp4A

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Taxman targets banks for free logo use by subsidiaries

Banks now have tow options - either pay the tax demanded or litigate within next two months.

from Banking/Finance-Industry-Economic Times http://bit.ly/2HDGsAt

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Investcorp acquires IDFC’s private equity, realty investment management business

IDFC PE’s infrastructure business was acquired by Global Investment Partners or GIP last year.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FY18BM

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Why IL&FS default makes a compelling case for revival of FRDI

When the IL&FS-promoted Jharkhand Road Projects Implementation Co failed to pay investors their dues this month, it not only dented investor sentiment but also exposed the huge gap in the country’s fledgling bankruptcy law.

from Banking/Finance-Industry-Economic Times http://bit.ly/2DEYy0Y

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HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

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DHFL accused of ₹31,000-crore fraud

Website Cobrapost on Tuesday claimed that its team of investigative journalists had unearthed “the biggest banking scam” in the country’s history.At a

from Business Line - Money & Banking http://bit.ly/2HBPn5q

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YES Bank’s promoters reach truce; to nominate one director each on board

Bank may appoint Ajai Kumar as interim MD/CEO

from Business Line - Money & Banking http://bit.ly/2S92qQ4

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Bank of Baroda profit soars to ₹471 cr on lower provisioning

Bank of Baroda reported a four-fold jump in third quarter net profit at ₹471 crore against ₹112 crore in the year-ago period, on the back of healthy g

from Business Line - Money & Banking http://bit.ly/2CQrz8t

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Bajaj Finserv Q3 netup 16% at ₹851 crore

Bajaj Finserv (BFS), the holding company for various financial services businesses under the Bajaj Group, reported a 16 per cent increase in consolida

from Business Line - Money & Banking http://bit.ly/2CQPMM0

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At Axis, core performance picks up, but slippages rise

For Axis Bank, which has been weighed by asset-quality concerns over the past one to two years, its performance in the latest December quarter has bee

from Business Line - Money & Banking http://bit.ly/2WuMZRl

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Budget will ‘positively surprise markets’, says Bank of America’s bond expert

India’s sovereign bond market has been jittery of late, with investors bracing for the government to announce populists measures in the Budget due thi

from Business Line - Money & Banking http://bit.ly/2GaCRrl

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Dhanlaxmi Bank to focus on NPA reduction: CEO

When T Latha, the MD and CEO of Dhanlaxmi Bank, took over the reins of the crisis-ridden bank in July 2018, she had some definite plans to turn around

from Business Line - Money & Banking http://bit.ly/2FWInhR

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HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

Read more »

Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

Read more »

HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

Read more »

Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

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Soon, policyholders could opt for health claims in instalments

Surabhi Soon, policyholders will have the option to receive health and accident insurance claims in instalments rather than a one-time lump sum payme

from Business Line - Money & Banking http://bit.ly/2UqCixo

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HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

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Is Ayushman Bharat facing a funds squeeze?

The Pradhan Mantri Jan Arogya Yojana (PM-JAY) popularly known as ‘Ayushman Bharat,’ is receiving a lesser slice of the pie than it it has demanded fro

from Business Line - Money & Banking http://bit.ly/2HEpuCl

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HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

Read more »

Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

Read more »

HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

Read more »

Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

Read more »

HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

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Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

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Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

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Yes Bank co-promoters agree to nominate one director each on board

The bank in November had said that efforts were underway for mutual resolution and truce between Rana Kapoor group and Madhu Kapur and her family, the two co-promoters groups of the private sector lender.

from Banking/Finance-Industry-Economic Times http://bit.ly/2HD1jUH

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Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

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HDFC Q3 net profit plunges 60% on-year to Rs 2,114 crore; key things to know

As per National Housing Bank (NHB) norms, the gross non-performing assets stood at 1.22 per cent of the total assets (Rs 4,731 crore) at the end of quarter.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ScLDLL

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Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

Read more »

Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

Read more »

Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

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Bajaj Finance posts highest ever quarterly profit at ₹1,060 cr in Q3

The provisioning coverage ratio stood at 60 per cent

from Business Line - Money & Banking http://bit.ly/2FZUT0r

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Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

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Oaktree invests ₹1375cr for purchase of loans from DHFL’s wholesale loan portfolio

Oaktree specialises in alternative investments

from Business Line - Money & Banking http://bit.ly/2Utjaiz

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Axis Bank Q3 net profit up 131%

Private sector lender Axis Bank has bounced back with a robust 131 per cent increase in its net profits in the third quarter of the fiscal to ₹1,681 c

from Business Line - Money & Banking http://bit.ly/2Rl154h

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HDFC delivers a steady performance

Delinquencies in non-retail loans however inch up marginally

from Business Line - Money & Banking http://bit.ly/2G77X33

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BankBazaar ties up with Ujjivan Small Finance Bank for personal loans

BankBazaar, an online marketplace for financial products, has partnered with Ujjivan Small Finance Bank for providing Personal Loans. With this partne

from Business Line - Money & Banking http://bit.ly/2FV47ej

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Oriental Bank Q3 net at Rs 144.96 crore

Aided by tax write back of Rs 2,862.44 crore, Oriental Bank of Commerce (OBC) on Tuesday reported net profit of Rs 144.96 crore for the third quarter

from Business Line - Money & Banking http://bit.ly/2sUNxTk

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HDFC Q3 net profit stood at Rs 2,114 cr

Board approves appointment of Ireena Vittal as an independent director for 5 years

from Business Line - Money & Banking http://bit.ly/2MFM2RR

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Take dip in Holy Ganges, become entrepreneur; how SIDBI is promoting entrepreneurship in Kumbh

With an aim to promote the spirit of entrepreneurship, Small Industries Development Bank of India (SIDBI) has set up a stall with “Swavalamban” as the key theme at the ongoing Kumbh in Prayagraj.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HCq0AD

Read more »

Leg-up for PSU banks: Modi government may infuse Rs 54,000 crore in February

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

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Leg-up for PSU banks: Modi government may infuse Rs 54,000 crore in February

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

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Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

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DHFL raises ₹1,375 cr via securitisation financing

Plans to reduce its real estate project finance exposure through more such transactions

from Business Line - Money & Banking http://bit.ly/2SavXce

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SBI alleges Aadhaar data misuse, UIDAI rubbishes charge

​​Logins and biometrics of Aadhaar operators have been misused to generate unauthorised Aadhaar cards, said SBI.

from Banking/Finance-Industry-Economic Times http://bit.ly/2RVALCT

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Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

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Leg-up for PSU banks: Modi government may infuse Rs 54,000 crore in February

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

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Make overdraft facility for Jan Dhan a/cs attractive, PSBs told

Banks are currently allowed to offer Rs 5,000 overdraft under the Pradhan Mantri Jan Dhan Yojana if certain basic criteria are met. Many fear that the facility will result in a pile-up of bad debt, something that the government has denied.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DEw4Vk

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Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

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Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

Read more »

Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

Read more »

Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

Read more »

Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

Read more »

Big boost to bank recapitalisations! FM meets heads of banks, govt may infuse Rs 54,000 crore next month

Banks to lend support to MSMEs, housing & agri; RBI guv not for undue conservatism.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UsHRf3

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FM Piyush Goyal asks PSU banks to step up lending to MSME, agriculture and housing sectors

Talking about the review meeting, Piyush Goyal said banks under Prompt Corrective Action (PCA) framework were advised to maintain the trend of improvement in performance, with a view to bringing them out of the PCA framework at the earliest.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CQWCB7

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FM Piyush Goyal asks PSU banks to step up lending to MSME, agriculture and housing sectors

Talking about the review meeting, Piyush Goyal said banks under Prompt Corrective Action (PCA) framework were advised to maintain the trend of improvement in performance, with a view to bringing them out of the PCA framework at the earliest.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CQWCB7

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FM Piyush Goyal asks PSU banks to step up lending to MSME, agriculture and housing sectors

Talking about the review meeting, Piyush Goyal said banks under Prompt Corrective Action (PCA) framework were advised to maintain the trend of improvement in performance, with a view to bringing them out of the PCA framework at the earliest.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CQWCB7

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FM Piyush Goyal asks PSU banks to step up lending to MSME, agriculture and housing sectors

Talking about the review meeting, Piyush Goyal said banks under Prompt Corrective Action (PCA) framework were advised to maintain the trend of improvement in performance, with a view to bringing them out of the PCA framework at the earliest.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2CQWCB7

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Several state-owned banks will be profitable by year-end: Goyal

Stresses on MSME lending at meeting with PSB heads

from Business Line - Money & Banking http://bit.ly/2FY8JAr

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One year of Nirav Modi fraud: PNB responds with more checks and audit controls

The bank has received about Rs 8,300 crore of capital from the government last year in two separate tranches following the fraud-related loss.

from Banking/Finance-Industry-Economic Times http://bit.ly/2WqkTH5

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RBI Governor Shaktikanta Das meets PSU bank MDs, CEOs; here’s what all was discussed

Three days ahead of union budget, RBI Governor Shaktikanta Das on Monday met the MDs and CEOs of public sector banks to take stock of the banking sector’s health.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FTq0us

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Bank of India Q3 net loss widens to Rs 4,738 cr

The Bank’s NPA provisions jump 2-fold State-owned Bank of India on Monday reported widening of its net loss to Rs 4,737.56 crore in the third quarter

from Business Line - Money & Banking http://bit.ly/2UmfC1y

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RBI Governor Shaktikanta Das meets PSU bank MDs, CEOs; here’s what all was discussed

Three days ahead of union budget, RBI Governor Shaktikanta Das on Monday met the MDs and CEOs of public sector banks to take stock of the banking sector’s health.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FTq0us

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Canara Bank Q3 profit jumps over twofold as bad loans provisioning dips

Canara Bank on Monday reported over twofold jump in net profit at Rs 317.52 crore for December quarter 2018 as provisioning for bad loans declined. T

from Business Line - Money & Banking http://bit.ly/2TpZ8VK

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RBI Governor Shaktikanta Das meets PSU bank MDs, CEOs; here’s what all was discussed

Three days ahead of union budget, RBI Governor Shaktikanta Das on Monday met the MDs and CEOs of public sector banks to take stock of the banking sector’s health.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2FTq0us

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Sensex crashes 369 points; Nifty ends below 10,700

On the BSE index, Bajaj Finance, Yes Bank, ICICI Bank, IndusInd Bank, Bajaj Auto and Hero MotorCorp witnessed major losses with their stocks losing as much as 5.60 per cent. On NSE, sub-indices Nifty Pharma, Private Bank and Financial Services tracked major losses, down as much as 2.55 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2TmKtLm

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RBL Bank Q3 profit jumps 36% to Rs 225 cr

RBL Bank on Monday reported a rise of 36 per cent in net profit at Rs 225.20 crore for December quarter 2018-19 on healthy margins and decline in bad

from Business Line - Money & Banking http://bit.ly/2RlJbya

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RBI Guv Das takes stock of banking sector with PSB Bank chiefs

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday met the chief executives of the various public sector banks (PSBs), conveying the reg

from Business Line - Money & Banking http://bit.ly/2Hzzb4T

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Canara Bank’s Q3 profit rise 150% at ₹317.52 cr

Canara Bank’s profits for third quarter of fiscal 2018-19 is 152.50 per cent higher at ₹317.52 crore as against ₹125.75 crore profits posted in the s

from Business Line - Money & Banking http://bit.ly/2TiWiSC

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Bharti AXA Life acts tough on frauds, fights menace of mis-selling

Alerts customers against fake insurance offers; seeks police aid against the menace of spurious calling and mis-selling

from Business Line - Money & Banking http://bit.ly/2HNp38T

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China’s banks are desperate for capital

With economy slowing, Beijing has been leaning on banks both to absorb the build-up in shadow assets and continue lending to drive investment

from Business Line - Money & Banking http://bit.ly/2TdiMV0

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ICICI Probe: CBI had almost closed preliminary enquiry against Kochhars

The CBI is probing alleged quid pro quo in the loan granted to Videocon by ICICI Bank when Kochhar was at the helm.

from Banking/Finance-Industry-Economic Times http://bit.ly/2WoTlSg

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RBI may release NPA data to show effect of February 12, 2018 diktat

The documents are prepared by the staff of RBI and Centre for Advanced Financial Research & Learning (CAFRAL), an independent body set up by the central bank.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Rgj3os

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Tata Comm to boost customer base of Indicash

New plug-and-play model will push use of white-label ATMs, says CEO

from Business Line - Money & Banking http://bit.ly/2CXVlZ9

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ICICI Bank case: CBI transfers investigating officer

The agency had carried out searches at multiple locations

from Business Line - Money & Banking http://bit.ly/2UjGLBZ

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Government empowers PSU banks to seek lookout circulars against wilful defaulters

The Home Ministry has also authorised the Serious Fraud Investigation Office (SFIO), a statutory corporate fraud investigation agency, to request LOCs if it feels the suspect may escape from India.

from Banking/Finance-Industry-Economic Times http://bit.ly/2RQ6DsH

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Finance minister Piyush Goyal to meet heads of PSU banks on Monday

The meeting assumes significance as it comes just three days ahead of the Budget 2019-20, the last from this government before the general elections expected to be held in April-May.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2B7wAJC

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Finance Minister Piyush Goyal to meet heads of PSU banks on Monday

The full-day meeting is likely to be attended by Reserve Bank of India Governor Shaktikanta Das, who is going to announce his first monetary policy review on February 7.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FSaHCh

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Budget may provide Rs 4000-cr capital infusion for PSU general insurers

According to sources, the Department of Financial Services sought Rs 4,000 crore in the Budget for fund infusion in three PSU insurance companies.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Tfe752

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