How RBI's Feb 12 circular changed the way banks dealt with stressed assets

The circular forced stressed companies to declare bankruptcy and was also a reason that added to the rift between Mint Road & North Block. from Banking/Finance-Industry-Economic Times http://bit.ly/2SDKi...

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NBFCs need to diversify both assets & liabilities: Rashesh Shah, chairman of Edelweiss Group

If needed, NBFCs will have to sell assets and maintain balance sheet quality, Shah said. from Banking/Finance-Industry-Economic Times http://bit.ly/2ROS5...

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After credit crunch, NBFCs looking for new ways to keep themselves funded

Following the IL&FS crisis, funds availability to non-banking financial companies have gone down. from Banking/Finance-Industry-Economic Times http://bit.ly/2DroV...

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TCG to acquire stake in IDFC Securities from IDFC FHCL

The necessary definitive agreement will be signed among the parties shortly. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dldq...

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IDFC posts 11-fold rise in Q3 net profit at Rs 26 crore due to tax adjustment

The company's total income was down at Rs 7.87 crore in the period under review from Rs 13.26 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tdIa...

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Piyush Goyal bats for easier bad loan norms, says every default not NPA on 90th day

FM Piyush Goyal said that if a borrower does not get its dues from entities like discoms, it should not lead banks to classify that borrower automatically as a defaulter. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RS9E...

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TCG to acquire stake in IDFC Securities from IDFC FHCL

The necessary definitive agreement will be signed among the parties shortly. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dldq...

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IDFC posts 11-fold rise in Q3 net profit at Rs 26 crore due to tax adjustment

The company's total income was down at Rs 7.87 crore in the period under review from Rs 13.26 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tdIa...

Read more »

Piyush Goyal bats for easier bad loan norms, says every default not NPA on 90th day

FM Piyush Goyal said that if a borrower does not get its dues from entities like discoms, it should not lead banks to classify that borrower automatically as a defaulter. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RS9E...

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TCG to acquire stake in IDFC Securities from IDFC FHCL

The necessary definitive agreement will be signed among the parties shortly. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dldq...

Read more »

IDFC posts 11-fold rise in Q3 net profit at Rs 26 crore due to tax adjustment

The company's total income was down at Rs 7.87 crore in the period under review from Rs 13.26 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tdIa...

Read more »

Piyush Goyal bats for easier bad loan norms, says every default not NPA on 90th day

FM Piyush Goyal said that if a borrower does not get its dues from entities like discoms, it should not lead banks to classify that borrower automatically as a defaulter. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RS9E...

Read more »

TCG to acquire stake in IDFC Securities from IDFC FHCL

The necessary definitive agreement will be signed among the parties shortly. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dldq...

Read more »

IDFC posts 11-fold rise in Q3 net profit at Rs 26 crore due to tax adjustment

The company's total income was down at Rs 7.87 crore in the period under review from Rs 13.26 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tdIa...

Read more »

Piyush Goyal bats for easier bad loan norms, says every default not NPA on 90th day

FM Piyush Goyal said that if a borrower does not get its dues from entities like discoms, it should not lead banks to classify that borrower automatically as a defaulter. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RS9E...

Read more »

TCG to acquire stake in IDFC Securities from IDFC FHCL

Infrastructure finance firm IDFC on Saturday said it, along with IDFC Financial Holding Company (IDFC FHCL), has entered into a pact with The Chatter from Business Line - Money & Banking http://bit.ly/2SKjr...

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IDFC posts 11 fold rise in Q3 net at Rs 26 cr due to tax adjustment

(PTI) IDFC on Saturday reported an 11-fold jump in net profit for the December quarter at Rs 26.28 crore, mainly due to a tax adjustment. The company from Business Line - Money & Banking http://bit.ly/2TD1C...

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Suryoday Small Finance Bank enters North India----eyes IPO in Oct-Dec quarter next year

Suryoday Small Finance Bank, which went live in January 2017, plans to go public with an initial public offering (IPO) in October-December quarter ne from Business Line - Money & Banking http://bit.ly/2I1qE...

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Public Sector Banks to be ranked on basis of performance

The parameters include customer responsiveness, financial inclusion, digital platforms and security. from Banking/Finance-Industry-Economic Times http://bit.ly/2BtUr...

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Delhi HC to examine issue of banks sharing customers’ PAN data with credit rating agencies

The petition states that even the Income Tax Act, 1961, does not allow sharing of PAN data of citizens with agencies like CIBIL for the development of a credit score. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ROSl...

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Delhi HC to examine issue of banks sharing customers’ PAN data with credit rating agencies

The petition states that even the Income Tax Act, 1961, does not allow sharing of PAN data of citizens with agencies like CIBIL for the development of a credit score. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ROSl...

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Delhi HC to examine issue of banks sharing customers’ PAN data with credit rating agencies

The petition states that even the Income Tax Act, 1961, does not allow sharing of PAN data of citizens with agencies like CIBIL for the development of a credit score. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ROSl...

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Delhi HC to examine issue of banks sharing customers’ PAN data with credit rating agencies

The petition states that even the Income Tax Act, 1961, does not allow sharing of PAN data of citizens with agencies like CIBIL for the development of a credit score. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ROSl...

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Japan’s SoftBank infuses ₹2,800 crore in Indiabulls’ UK home-loan arm OakNorth

Japanese multinational holding conglomerate SoftBank led a $440-million investment round in British digital lender OakNorth Bank, a firm in which Indi from Business Line - Money & Banking http://bit.ly/2ROLz...

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SBI cuts rates on home loans by 5 basis points

State Bank of India, on Friday, announced a cut in interest rate on home loans up to ₹30 lakh by 5 basis points from 8.75 per cent to 8.70 per cent wi from Business Line - Money & Banking http://bit.ly/2SIAx...

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SBI joins Invoicemart as financier

State Bank of India has joined digital invoice discounting marketplace Invoicemart as a financier. Invoicemart is a Trade Receivable Discounting Syste from Business Line - Money & Banking http://bit.ly/2DvAt...

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Keep RBI’s balance sheet strong: YV Reddy

There is merit in keeping at least the RBI’s balance sheet strong if the government’s fiscal balance sheet is weak, according to YV Reddy, former gov from Business Line - Money & Banking http://bit.ly/2DjDC...

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With time running out, banks concerned over smooth rollout of PM Kisan scheme

If bankers were to be believed, the rollout of the Prime Minister Kisan Samman Nidhi Scheme — which was announced in the Union Budget 2019-20 — by th from Business Line - Money & Banking http://bit.ly/2Btq9...

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Aadhar Housing on PMAY drive

Aadhar Housing Finance has passed on a government subsidy of ₹175.56 crore received from National Housing Bank to eligible customers. The home financ from Business Line - Money & Banking http://bit.ly/2DirU...

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Delhi HC to examine issue of banks sharing customers’ PAN data with credit rating agencies

The petition states that even the Income Tax Act, 1961, does not allow sharing of PAN data of citizens with agencies like CIBIL for the development of a credit score. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ROSl...

Read more »

State Bank Of India reduces home loan interest rate By 5 basis points

"As the nation's largest lender, we have always kept customer interests at the centre," said SBI chairman Rajnish Kumar. from Banking/Finance-Industry-Economic Times http://bit.ly/2WPfh...

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High Court to examine issue of banks sharing customers' PAN data with credit rating agencies

A bench of Chief Justice Rajendra Menon and Justice V K Rao issued notice to the Ministry of Finance and the Reserve Bank of India, seeking their stand on the plea. from Banking/Finance-Industry-Economic Times http://bit.ly/2RQIa...

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PSU Banks’ bad loans decline to Rs 8,64,433 cr in April-Dec FY19

NPAs declined due to government’s 4Rs strategy of recognition, resolution, recapitalisation and reforms from Business Line - Money & Banking http://bit.ly/2WMmR...

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RBI fines Allahabad Bank Rs 1.5 cr for not monitoring fund use, fraud reporting delay

The Kolkata-headquartered lender said it has taken necessary preventive measures to strengthen internal controls to avoid such recurrence. from Banking/Finance-Industry-Economic Times http://bit.ly/2TBwn...

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RBI fines Allahabad Bank Rs 1.5 cr for not monitoring fund use, fraud reporting delay

Earlier this week, the regulator imposed penalties on Axis Bank, UCO Bank and Syndicate Bank for violation of various norms from Business Line - Money & Banking http://bit.ly/2Dj1j...

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'PSB NPAs decline to Rs 8.6L cr in Apr-Dec FY19'

Non-performing assets (NPAs) or bad loans of the banks stood at Rs 8,95,601 crore at the end of previous fiscal, minister of state for finance Shiv Pratap Shukla said in a written reply to Lok Sabha. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2MVza...

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Auto loans likely to face downside risks on weak CV demand

Fitch Ratings has forecast India’s GDP growth to slow to seven percent in FY20, which may limit demand for commercial vehicles from Business Line - Money & Banking http://bit.ly/2E1Rb...

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PSBs identified 54 international operations for rationalisation by mid-January: Minister

As on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative offices. from Banking/Finance-Industry-Economic Times http://bit.ly/2RNG6...

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Q3 results: UCO Bank net loss at Rs 998 cr as bad loans balloon

The non-performing loan provisioning coverage ratio is 69.49 per cent as on December 31, 2018, UCO Bank said from Business Line - Money & Banking http://bit.ly/2HXsP...

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Banks seen unlikely to match RBI's rate cut any time soon

The reluctance of bankers to pass on all of Thursday's surprising 25 basis point rate cut is a potential blow to Prime Minister Narendra Modi's government, which hopes lower lending rates will lift growth and job creation ahead of general elections due by May. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2TDyP...

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It is up to agencies to probe Chanda Kochhar: RBI governor

The RBI looks at the regulatory aspects — whenever there is a regulatory violation by the bank or an individual from the bank. from Banking/Finance-Industry-Economic Times http://bit.ly/2THC4...

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SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

ICICI Bank-Videocon loan case: RBI says law will take its own course

In its first reaction on the ICICI Bank-Videocon loan case, Reserve Bank of India (RBI) on Thursday said that law enforcement agencies would take appropriate action in the case. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RIMD...

Read more »

RBI quashes hopes of loan defaulters; no easing of one-day NPA recognition rule

In fact, it can be recalled that, one of the dozen demands in the three letters that the finance ministry shot off to RBI in October was also a changes in the new NPA recognition norms. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WL9O...

Read more »

RBI permits cos participating in insolvency process to tap ECB route

RBI Governor Shaktikanta Das while addressing media Thursday said, resolution under IBC is done by National Company Law Tribunal (NCLT). from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GhQO...

Read more »

PCA exit impact! Credit positive for Bank of India, Bank of Maharashtra, Oriental Bank

Exiting the PCA will remove some of the lending restrictions, which the PCA plan imposed, on these banks. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HZCb...

Read more »

Bulk deposit criteria raised; now, single deposits more than this amount will qualify as bulk deposit

Banks have been given discretion to offer differential rate of interest on the bulk deposits as per their requirements and asset-liability management (ALM) projections. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DW1G...

Read more »

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ge8i...

Read more »

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Dl2W...

Read more »

ICICI Bank-Videocon loan case: RBI says law will take its own course

In its first reaction on the ICICI Bank-Videocon loan case, Reserve Bank of India (RBI) on Thursday said that law enforcement agencies would take appropriate action in the case. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RIMD...

Read more »

RBI quashes hopes of loan defaulters; no easing of one-day NPA recognition rule

In fact, it can be recalled that, one of the dozen demands in the three letters that the finance ministry shot off to RBI in October was also a changes in the new NPA recognition norms. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WL9O...

Read more »

RBI permits cos participating in insolvency process to tap ECB route

RBI Governor Shaktikanta Das while addressing media Thursday said, resolution under IBC is done by National Company Law Tribunal (NCLT). from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GhQO...

Read more »

PCA exit impact! Credit positive for Bank of India, Bank of Maharashtra, Oriental Bank

Exiting the PCA will remove some of the lending restrictions, which the PCA plan imposed, on these banks. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HZCb...

Read more »

Bulk deposit criteria raised; now, single deposits more than this amount will qualify as bulk deposit

Banks have been given discretion to offer differential rate of interest on the bulk deposits as per their requirements and asset-liability management (ALM) projections. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DW1G...

Read more »

Syndicate Bank fraud: ED files another chargesheet

In a breakthrough in the massive Syndicate Bank fraud, the Enforcement Directorate (ED) has filed a Supplementary Prosecution Complaint under the Pre from Business Line - Money & Banking http://bit.ly/2RLVT...

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RBI slaps fine of Rs 1 cr on State Bank of India

This fine by the Reserve Bank of India is slapped on SBI under Section 47 A of the Banking Regulation Act, 1949. from Banking/Finance-Industry-Economic Times http://bit.ly/2tbhi...

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2 RRBs in Karnataka to be amalgamated

KVG Bank to retain independent status from Business Line - Money & Banking http://bit.ly/2t9lm...

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Doors open up for home-buyers

Home-ownership set to get cheaper from Business Line - Money & Banking http://bit.ly/2UG2g...

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More rate cuts expected as growth is back on RBI radar

Analysts say some inflationary concerns remain from Business Line - Money & Banking http://bit.ly/2SkmS...

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RBI relaxes norms to raise funds through ECB route

But they will not be able to raise cash from foreign branches of Indian banks from Business Line - Money & Banking http://bit.ly/2Dk7B...

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Manappuram Finance Q3 profit up 42%

Manappuram Finance Limited posted a 42 per cent increase in its net profit for the third quarter at ₹244.11 crore compared to ₹171.73 crore in the from Business Line - Money & Banking http://bit.ly/2Sj8Z...

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Criteria for ‘bulk’ deposits raised to ₹2 cr

Bankers say the central bank move will help manage ALM better, lower cost of deposits from Business Line - Money & Banking http://bit.ly/2DeMc...

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Rated exposure of banks to NBFCs to be risk-weighted

Will lead to better credit flow to well-rated NBFCs, consolidation in banking sector from Business Line - Money & Banking http://bit.ly/2Dk6i...

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After a surprise rate cut, Das promises more if inflation falls

The Reserve Bank lowered the policy rate by 25 bps to make the most of the space offered by the softening in prices, and will deliver more on the rat from Business Line - Money & Banking http://bit.ly/2SfXf...

Read more »

ICICI Bank-Videocon loan case: RBI says law will take its own course

In its first reaction on the ICICI Bank-Videocon loan case, Reserve Bank of India (RBI) on Thursday said that law enforcement agencies would take appropriate action in the case. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RIMD...

Read more »

RBI quashes hopes of loan defaulters; no easing of one-day NPA recognition rule

In fact, it can be recalled that, one of the dozen demands in the three letters that the finance ministry shot off to RBI in October was also a changes in the new NPA recognition norms. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WL9O...

Read more »

RBI permits cos participating in insolvency process to tap ECB route

RBI Governor Shaktikanta Das while addressing media Thursday said, resolution under IBC is done by National Company Law Tribunal (NCLT). from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GhQO...

Read more »

PCA exit impact! Credit positive for Bank of India, Bank of Maharashtra, Oriental Bank

Exiting the PCA will remove some of the lending restrictions, which the PCA plan imposed, on these banks. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HZCb...

Read more »

Bulk deposit criteria raised; now, single deposits more than this amount will qualify as bulk deposit

Banks have been given discretion to offer differential rate of interest on the bulk deposits as per their requirements and asset-liability management (ALM) projections. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DW1G...

Read more »

Kochhar case: RBI says law will take its own course

Justice Srikrishna panel has observed that Chanda Kochhar violated norms from Business Line - Money & Banking http://bit.ly/2Shs1...

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Bond markets have no reason to cheer

The central bank underplaying inflation and fisc pictures has not gone down well with the markets from Business Line - Money & Banking http://bit.ly/2UJ1G...

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Shaktikanta Das delivers 'election cut' for Narendra Modi

The cut came almost a week after Modi’s administration unveiled an expansionary budget. from Banking/Finance-Industry-Economic Times http://bit.ly/2TD2i...

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Fintech CredRight expands to provide loans for SMEs

By tapping the huge database and strength of the chit fund sector, Hyderabad-based CredRight is expanding rapidly in extending loans to the small and from Business Line - Money & Banking http://bit.ly/2MTau...

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Ola sells 2 crore in-trip micro-insurance policies per month

Risk cover includes accidental death or disability, OPD treatment and baggage loss among others from Business Line - Money & Banking http://bit.ly/2Swc7...

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IRDAI imposes Rs 9 lakh fine on United India Insurance for violations

Insurance Regulatory and Development Authority has imposed a fine of Rs nine lakh on state-owned United India Insurance Co Ltd for violating certain from Business Line - Money & Banking http://bit.ly/2Sw6B...

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Irdai asks insurers to diversify risks to avoid repeat of IL&FS-type fiascoes

The regulator also said insurers need to diversify their investment strategies so the risks faced by them are multi-dimensional. from Banking/Finance-Industry-Economic Times http://bit.ly/2DgEj...

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Single deposit of Rs 2 cr and more to qualify as ‘bulk deposit’: RBI

Interest rates on bulk deposits are marginally higher than on smaller-amount fixed deposits for similar maturity period from Business Line - Money & Banking http://bit.ly/2SCcO...

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Despite RBI’s rate cut, deposit and lending rates are unlikely to come down in a hurry

Given the modest deposit growth, banks may not cut deposit rates significantly. Whether PSU banks will be nudged to cut rates needs to be seen from Business Line - Money & Banking http://bit.ly/2Gtm9...

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View: RBI governor Shaktikanta Das caught a lucky break

Where India isn't in the mainstream is in the inability of a government to hang on to a central bank head. from Banking/Finance-Industry-Economic Times http://bit.ly/2GzSc...

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Deposit of Rs 2 cr or more to qualify as 'bulk deposit'

Mumbai, Feb 7 () The Reserve Bank of India (RBI) Thursday decided to raise the criteria for 'bulk deposits' for banks to Rs 2 crore from the current Rs 1 crore, to provide more operational freedom to lenders to raise funds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DdiL...

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Big bank theory: Modi govt may merge PNB, OBC and PSB to create giant PSU lender

The amalgamation will be a part of the government’s efforts to create a few strong banks with much larger balance sheets to support the rising credit appetite of the economy and enable optimum utilisation of resources. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2TAP4...

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RBI plans ‘umbrella organisation’ for urban cooperative banks

The idea of setting up of UO for the UCB sector was first mooted in 2006. from Banking/Finance-Industry-Economic Times http://bit.ly/2DqxQ...

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Exit of three PSBs from PCA framework credit positive: Moody’s

Bank of India, Bank of Maharashtra and Oriental Bank of Commerce were removed from RBI’s prompt correction action framework from Business Line - Money & Banking http://bit.ly/2SfrV...

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RBI reduces risk weights for bank lending to NBFCs

RBI has decided to harmonise major categories of NBFCs. The guidelines will be out by February end. from Banking/Finance-Industry-Economic Times http://bit.ly/2t6gm...

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RBI proposes umbrella body for Urban Cooperative Banks: Depositors can hope for better days

A long-term solution to make the UCB sector financially resilient and to enhance the depositors' confidence is to set up an Umbrella Organization (UO) as prevalent in many countries. from Banking/Finance-Industry-Economic Times http://bit.ly/2HZrz...

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RBI to regulate payment gateway providers: Digital payments likely to get safer

These gateways can be expected to become more transparent and accountable in their working thereby benefitting common people using them for making digital payments. from Banking/Finance-Industry-Economic Times http://bit.ly/2tiqx...

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RBI projects 7.4 per cent GDP growth for FY20

RBI Governor and member of the MPC Shaktikanta Das said the risks are evenly balanced for growth from Business Line - Money & Banking http://bit.ly/2HVwT...

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RBI cuts inflation forecast to 2.8 per cent for Q4 FY19

Earlier, the RBI also lowered the retail inflation forecast for the first half of next fiscal beginning April 2019 to 3.2-3.4 per cent from Business Line - Money & Banking http://bit.ly/2Dk5Y...

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Trump nominates David Malpass to lead World Bank

President Donald Trump nominated senior Treasury official David Malpass to lead the World Bank, choosing a loyalist who has been sharply critical of from Business Line - Money & Banking http://bit.ly/2SgNy...

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Monetary Policy: RBI cuts policy rate to 6.25%

RBI cuts policy rate to 6.25 per cent from 6.5 per cent. from Business Line - Money & Banking http://bit.ly/2RLFP...

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Builders in top 8 cities owe lenders Rs 4 lakh crore: Report

Builders in the top 8 Indian cities owe banks and NBFCs Rs 4 lakh cr even as their total sales each year are worth just Rs 2.47 lakh cr. It is expected to take seven years to clear the outstanding amount based on the current rate of earnings per year. The annual EMI on this total loan is itself Rs 1.28 lakh cr. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2WIVW...

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RBI slaps Rs 1 cr fine on Union Bank of India

Union Bank of India on Wednesday said the Reserve Bank of India (RBI) has imposed a penalty of Rs. 1 crore on it for delay in exchange of information from Business Line - Money & Banking http://bit.ly/2taaG...

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Trump nominates 'happy warrior' to lead World Bank

Trump tapped a World Bank critic described as a "happy warrior" of pro-growth policies to lead World Bank. David Malpass, a senior official in the Treasury Department, is a controversial choice but if Trump wins the support of a majority the bank's shareholders, especially European nations, he will have the opportunity to reshape the bank. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DWND...

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IL&FS hires Grant Thornton to review books

SFIO had, in January, signed up a forensic auditing firm to help in the investigation, an official in the know of the development told ET. from Banking/Finance-Industry-Economic Times http://bit.ly/2RMnU...

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Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

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Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

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Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

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Push for insurance comes at cost of other health schemes

Allocation for non-communicable diseases and child health has been reduced in Budget from Business Line - Money & Banking http://bit.ly/2SvJE...

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Portability issues hamper Ayushman Bharat

Of the 3-lakh admissions under the insurance scheme, only 1% is portable from Business Line - Money & Banking http://bit.ly/2BoDI...

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Prudential Fin has no plans to exit insurance JV

DHFL, along with its promoter entity, holds majority 51 per cent stake in DPLI from Business Line - Money & Banking http://bit.ly/2UM19...

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Aims to trim holding in PNB MetLife

Punjab National Bank (PNB) will look to offload 4 percentage points of shareholding in its life insurance joint venture PNB MetLife India Insurance, a from Business Line - Money & Banking http://bit.ly/2t6aS...

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Reinsurance firms approach IRDAI for separate set of accounting norms

Reinsurance companies have approached the Insurance Regulatory and Development Authority of India (IRDAI) for a separate set of accounting and reporti from Business Line - Money & Banking http://bit.ly/2UII4...

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SIDBI posts ₹540-crore net profit

Development financial institution SIDBI reported a 34 per cent jump in net profit at ₹540 crore during the third quarter ended December, 2018, on ba from Business Line - Money & Banking http://bit.ly/2th5l...

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Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

No plans for distress-sale of assets as PNB turns the corner, says CEO

Sets a recovery target of ₹10,000 crore in the current quarter from Business Line - Money & Banking http://bit.ly/2BpjB...

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Safe transportation of cash to ATMs: Banks may miss Home Ministry’s deadline

With just a day to go, banks are likely to miss the deadline to implement the Home Ministry’s rules on safe transportation of cash to automated telle from Business Line - Money & Banking http://bit.ly/2TCax...

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Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2RNaF...

Read more »

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WK2V...

Read more »

Rupee ends flat at 71.56 per dollar ahead of RBI policy decision

The rupee Wednesday ended almost flat at 71.56 per US dollar as participants preferred to wait for the Reserve Bank's interest rate decision for further cues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2t5oq...

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Banks cannot be absolved of liability for unauthorised withdrawals: Kerala HC

Justice P B Suresh Kumar also made it clear that banks are liable for unauthorised withdrawals even if customers did not respond to SMS alerts. from Banking/Finance-Industry-Economic Times http://bit.ly/2BiMN...

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Q3 results: Muthoot Finance net profit flat at Rs 485 cr

Its loan assets stood at Rs 36,497 crore as on December 31 from Business Line - Money & Banking http://bit.ly/2Dh6Q...

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Allahabad Bank Q3 net loss narrows to ₹ 733 cr

State-owned Allahabad Bank on Wednesday reported narrowed net loss at ₹732.81 crore for third quarter ended December 2018 of the current financial ye from Business Line - Money & Banking http://bit.ly/2RIzZ...

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RBI board meeting deferred to February 18

The customary post-Budget board meeting was earlier scheduled for February 9 from Business Line - Money & Banking http://bit.ly/2MT4l...

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ICICI Bank introduces FD Xtra - term-deposit with insurance, savings

To apply for ‘FD Xtra’ deposits, customers can visit their nearest ICICI Bank branch from Business Line - Money & Banking http://bit.ly/2UIdL...

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Banks need Rs 20 lakh crore deposits for credit growth: Crisil

To meet credit growth, banks might increase interest rates, says the report from Business Line - Money & Banking http://bit.ly/2SfNo...

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Banks need Rs 20 lakh crore deposits for credit growth, may up rates: Report

In the last few years, deposit growth has dropped due to lower interest rates on fixed deposits from Banking/Finance-Industry-Economic Times http://bit.ly/2TBwO...

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FD rates likely to rise as banks need Rs 20 lakh crore fresh deposits to meet credit demand

For the year till January 4, 2019, bank deposits have grown 9.9% while credit has grown 14.5%. from Banking/Finance-Industry-Economic Times http://bit.ly/2t52w...

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IDBI Federal Life expects flat growth

IDBI Federal Life Insurance, a three-way JV between IDBI, Federal Bank and Aegis, was expecting a flat growth in new business premium in the current from Business Line - Money & Banking http://bit.ly/2RHkt...

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Delay ushering in new floating rate lending regime: Banks to RBI

Banks have requested the Reserve Bank of India to delay ushering in the new floating rate lending regime, which is linked to one of the four RBI-presc from Business Line - Money & Banking http://bit.ly/2WKS2...

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India's shadow banks dread builder bankruptcies

At the end of March 2018, Dewan had brought its cost of funds down to 8.4 percent, a reduction of almost 2 percentage points in three years. from Banking/Finance-Industry-Economic Times http://bit.ly/2DW0d...

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Next fiscal looks tough for NBFCs: IndiaRatings

Tight liquidity, high funding costs & consequently lower net interest margins may hurt finance firms from Banking/Finance-Industry-Economic Times http://bit.ly/2Grhq...

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Lenders bank on bots to improve customer service

Prominent lenders like HDFC Bank, IndusInd Bank, Kotak Mahindra Bank and Yes Bank are adopting chat bots and voice bots for customer care. from Banking/Finance-Industry-Economic Times http://bit.ly/2DWx1...

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Banks may have to shell out another up to $5.6 billion for bad debt – India Ratings

The Indian banking sector has been under massive stress in the last few years as lenders have struggled with about $150 billion of bad loans that have constrained their lending ability, and in turn, hit economic revival. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bg04...

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RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank

The RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2TxYc...

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Banks may have to shell out another up to $5.6 billion for bad debt – India Ratings

The Indian banking sector has been under massive stress in the last few years as lenders have struggled with about $150 billion of bad loans that have constrained their lending ability, and in turn, hit economic revival. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bg04...

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RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank

The RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2TxYc...

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Banks may have to shell out another up to $5.6 billion for bad debt – India Ratings

The Indian banking sector has been under massive stress in the last few years as lenders have struggled with about $150 billion of bad loans that have constrained their lending ability, and in turn, hit economic revival. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bg04...

Read more »

RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank

The RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2TxYc...

Read more »

Banks may have to shell out another up to $5.6 billion for bad debt – India Ratings

The Indian banking sector has been under massive stress in the last few years as lenders have struggled with about $150 billion of bad loans that have constrained their lending ability, and in turn, hit economic revival. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Bg04...

Read more »

RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank

The RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2TxYc...

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United Bank of India hopes to turn around in March quarter despite current losses

This was the bank's seventh consecutive quarterly loss as sticky assets continued to strain the balance sheet. Net loss was Rs 638 crore in the year ago period while it was Rs 883 crore in the preceding quarter. from Banking/Finance-Industry-Economic Times http://bit.ly/2HQQi...

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HSBC cuts dozens of investment banking jobs: Source

The redundancies will mainly impact sales and advisory staff in the lender's global banking and markets divisions, the source said, with affected staff being informed this week. from Banking/Finance-Industry-Economic Times http://bit.ly/2t4Jf...

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PNB back in black, posts ₹247-crore profit in Q3

Aggressive recoveries, NPA reduction drive unexpected rebound from Business Line - Money & Banking http://bit.ly/2SzYI...

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Banks liable for unauthorised withdrawals from customer accounts: Kerala High Court

The Kerala High Court has held that banks cannot be exonerated from liability for loss caused to a customer on account of unauthorised withdrawals m from Business Line - Money & Banking http://bit.ly/2GqoH...

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Dhanlaxmi Bank set to focuson NPA reduction, says 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 arou from Business Line - Money & Banking http://bit.ly/2tfjb...

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United Bank posts ₹1,139-cr loss

For the quarter ended December 31, 2018, United Bank of India’s net loss widened to ₹1,139 crore, compared to a net loss of ₹637 crore in the same per from Business Line - Money & Banking http://bit.ly/2DUdq...

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IDFC First Bank posts loss of ₹1,538 cr in Q3

The newly-merged entity, IDFC First Bank, has reported a net loss of ₹1,538 crore for the third quarter of the fiscal due to exceptional accelerated a from Business Line - Money & Banking http://bit.ly/2MNXW...

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Bank of Baroda raises MCLR by 20 bps

Bank of Baroda has decided to up its marginal cost of funds-based lending rates by up to 20 basis points with effect from February 7. All rupee loans from Business Line - Money & Banking http://bit.ly/2DU2W...

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RBI slaps ₹2-cr fine on Axis Bank andUCO Bank; ₹1 cr on Syndicate Bank

The RBI has imposed a monetary penalty of ₹2 crore each on UCO Bank and Axis Bank, and ₹1 crore on Syndicate Bank. In the case of UCO and Axis Bank, t from Business Line - Money & Banking http://bit.ly/2MNXS...

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Kerala Financial Corp offers concessions

Kerala Financial Corporation (KFC) has announced fresh concessions/incentives to borrowers as part of a drive to ramp up disbursals during the last l from Business Line - Money & Banking http://bit.ly/2DTeh...

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Syndicate Bank posts Q3 profit of ₹108 crore

Our Bureau Syndicate Bank has posted a net profit of ₹107.99 crore for the third quarter of financial year 2018-19, against a loss of ₹869.77 crore i from Business Line - Money & Banking http://bit.ly/2SdeW...

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Bad loans moderate at PNB, but profitability weak

A notable decline in risk-weighted assets, and the Government’s capital infusion, have helped shore up capital ratios from Business Line - Money & Banking http://bit.ly/2BhbV...

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RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank

The RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques. from Banking/Finance-Industry-Economic Times http://bit.ly/2Dcmr...

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NBFCs face tougher FY20 on higher costs, rising delinquencies

Ind-Ra expects NBFC NIMs to shrink to 6.2% in the fiscal ended March 2020 from its estimates of 6.7% in the current fiscal ending March 2019. from Banking/Finance-Industry-Economic Times http://bit.ly/2GbkT...

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Banks yet to tag Rs 3.5 lakh crore stressed corporate loans as NPAs: Report

These accounts are part of the total stressed corporate exposure (interest coverage ratio of 1.5x) of 19.3 percent or Rs 13.5-14 lakh crore as of September 2018. from Banking/Finance-Industry-Economic Times http://bit.ly/2Sv55...

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Meet Akhil Handa, the man who is leading Bank of Baroda’s digital transformation

With Akhil Handa as its change champion, Bank of Baroda appears to have muscled its way to find its rightful place under the sun. Today, it is the second most innovative public sector bank after SBI. from Banking/Finance-Industry-Economic Times http://bit.ly/2DSPx...

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RBI’s MPC begins 3-day meet to decide on key rates

The RBI’s Monetary Policy Committee (MPC) on Tuesday began 3-day meet to decide on key rates amid expectations it would change stance to neutral on l from Business Line - Money & Banking http://bit.ly/2MRXP...

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S&P expects RBI to cut rates on falling inflation

In its December monetary policy review, the RBI had kept interest rates unchanged from Business Line - Money & Banking http://bit.ly/2GbsW...

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PNB reports Q3 net profit of Rs 246.51 crore

Bouncing back into black, Punjab National Bank (PNB) on Tuesday reported net profit of Rs 246.51 crore for the third quarter ended December 31,2018. T from Business Line - Money & Banking http://bit.ly/2Twnj...

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Tech arm of global banks pushed more work to India in FY18

Goldman Sachs Services saw total revenue rise 20% to Rs 2,963 crore. Wells Fargo EGS India reported a nearly 28% increase in revenue from operations to Rs 2,744 crore. from Banking/Finance-Industry-Economic Times http://bit.ly/2Gm7U...

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IL&FS companies to be grouped on payment ability

The bench asked the counsel for the government and IL&FS to propose a resolution for companies under the “red” category. from Banking/Finance-Industry-Economic Times http://bit.ly/2UDy1...

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IDBI may now become LIC IDBI Bank or LIC Bank

LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HPYM...

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IDBI may now become LIC IDBI Bank or LIC Bank

LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HPYM...

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IDBI may now become LIC IDBI Bank or LIC Bank

LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HPYM...

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IDBI may now become LIC IDBI Bank or LIC Bank

LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HPYM...

Read more »

IDBI may now become LIC IDBI Bank or LIC Bank

LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HPYM...

Read more »

SBI, other performing PSBs may see stake sale

The government holds more than 75% stake in five banks, including Central Bank of India, Corporation Bank and Allahabad Bank. from Banking/Finance-Industry-Economic Times http://bit.ly/2HRkX...

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Dalmia Int’l buys stake in UK-based bank

Dalmia International director Gaurav Dalmia told ET, "the investment is a bet on the space and the superior quality of the management team.” from Banking/Finance-Industry-Economic Times http://bit.ly/2SuBH...

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Standard Chartered likely to open global branch in GIFT city

Indian companies having offshore presence can avail dollar loans from the business branch while the UK-based multinational bank would also invest in domestic securities as a foreign portfolio investor operating from there, said two people familiar with the matter. from Banking/Finance-Industry-Economic Times http://bit.ly/2WIyA...

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DHFL to bring in strategic partner to boost shareholder confidence

Dewan Housing Finance Corporation Ltd (DHFL) has initiated measures to rope in a strategic partner and divest non-core assets even as its top managem from Business Line - Money & Banking http://bit.ly/2G6Aa...

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Srei Infra Q3 profit falls 23%

Srei Infrastructure Finance posted a near 23 per cent drop in net profit to ₹91 crore for the quarter ended December 31, 2018, against ₹119 crore in from Business Line - Money & Banking http://bit.ly/2SuqR...

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Satin Creditcare Q3 profit up 51%

Microfinance company Satin Creditcare Network announced a 51 per cent increase in its net profit for the third quarter of FY19 to ₹71 crore, against from Business Line - Money & Banking http://bit.ly/2Gn2Y...

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Time for private capital to give an investment boost: Kotak Bank JMD

Private sector urged to match govt spend on infra from Business Line - Money & Banking http://bit.ly/2SpUQ...

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Should data be stored locally only? Mastercard in talks with RBI for further clarity on norms

There are huge benefits from operating as a global network, said Ed Mclaughlin from Business Line - Money & Banking http://bit.ly/2GobR...

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Justice DK Jain appointed to oversee IL&FS asset sale

The new board of IL&FS proposed a multi-pronged strategy to revive the beleaguered company from Business Line - Money & Banking http://bit.ly/2Smx7...

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‘India in a sweet spot due to oil price fall, improvement in CAD’

Fiscal deficit remains a concern, says head of ICICI Bank’s Global Markets Group from Business Line - Money & Banking http://bit.ly/2S5Um...

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IDBI Bank loss widens to ₹4,185 cr

Provision towards bad loans impacts Q3 numbers from Business Line - Money & Banking http://bit.ly/2UDGF...

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LVB posts Q3 loss of ₹373.5 cr

GNPA in value terms increased to ₹3,364.28 crore from Business Line - Money & Banking http://bit.ly/2S7dR...

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From April, SBI to extend YONO to businessmen, NRIs, farmers

YONO stands for ‘You Only Need One’ from Business Line - Money & Banking http://bit.ly/2DUVW...

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Rising oil prices leave rupee under pressure for a fall to 72.5

A break above 96 can take the Rupee further higher towards 96.5 from Business Line - Money & Banking http://bit.ly/2HQ5g...

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Dena Bank narrows Q3 loss to ₹178 crore

Loan-loss provisions declined 50 per cent YoY to ₹520 crore from Business Line - Money & Banking http://bit.ly/2t1Qe...

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IndoStar Capital to acquire IIFL Finance’s CV finance business

IndoStar Capital Finance Ltd (IndoStar) , a non-banking finance company, has signed a binding agreement to acquire the CV finance business of India In from Business Line - Money & Banking http://bit.ly/2WIzZ...

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IDBI may now become LIC IDBI Bank or LIC Bank

The board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd. from Banking/Finance-Industry-Economic Times http://bit.ly/2UBgQ...

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IDBI Bank shares tank nearly 6 per cent post Q3 earnings

On the NSE, shares declined 5.68 per cent to end at ₹49.75 from Business Line - Money & Banking http://bit.ly/2UGbu...

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Government says Mehul Choksi still a citizen, pushing for Antigua extradition

Mehul Choksi, who is one of the key people accused of defrauding Punjab National Bank (PNB) of $2 billion, fled India before the accusations surfaced last year. Bringing Choksi back to India would be a boon for Prime Minister Narendra Modi as he tries to bolster his anti-corruption credentials ahead of a general election due by May. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2S8oR...

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Vivriti Capital to set up AIF for corporate debt

Chennai-based online corporate lending platform Vivriti Capital plans to create an alternate assets platform that will set up and manage long-term alt from Business Line - Money & Banking http://bit.ly/2Da9w...

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Fino Payments Bank partners with Suryoday Small Finance Bank to offer sweep account facility

Fino Payments Bank (FPB) has announced the launch of a sweep account facility in association with Suryoday Small Finance Bank (SSFB) today. This partn from Business Line - Money & Banking http://bit.ly/2UCv5...

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Merger of 3 PSU general insurers to be completed by FY'20

The merger of National Insurance Company, United India Insurance Company and Oriental India Insurance Company was first announced in the Budget 2018-19 and the government intended to complete the process in current fiscal itself. from Banking/Finance-Industry-Economic Times http://bit.ly/2GjST...

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IBA raises wage hike offer to 10%, unions not happy yet

"The 10% offer is not up to our expectation." said Rajen Nagard, president of All India Bank Employees Association, the largest bank union. from Banking/Finance-Industry-Economic Times http://bit.ly/2HOKY...

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IndoStar to buy CV finance business of IIFL Finance

Since 2015, IndoStar has been building its retail lending business which accelerated last year with the set-up of CV finance and Affordable Housing Finance businesses. from Banking/Finance-Industry-Economic Times http://bit.ly/2S4OD...

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Banks power cashless campuses

The cards can serve as identity card (with the student’s name, photograph, roll number) or a prepaid/debit card or library membership card (tracking readership, books borrowed) or attendance card (access to gym, classes, labs) or billing card (usage of college facilities such as canteen, bus, shuttle). from Banking/Finance-Industry-Economic Times http://bit.ly/2t2FD...

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Sensex drops over 100 points; bank, auto stocks fall

Top gainers in the Sensex pack include ONGC, RIL, HCL Tech, Vedanta, HUL, Coal India, HDFC Bank, HDFC, TCS and Infosys, rising up to 2.39 per cent. On the other hand, Yes Bank, Tata Steel, Hero MotoCorp, ICICI Bank, Bharti Airtel, IndusInd Bank, M&M, PowerGrid and Tata Motors were the top losers, falling up to 3.15 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2HRZD...

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How India's banks ran up a $7 billion phone bill

Take Reliance Communications Ltd. After more than a year and a half of kicking the can down the road, the erstwhile Indian telecom operator is filing for bankruptcy. from Banking/Finance-Industry-Economic Times http://bit.ly/2S4RN...

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Former Canara Bank executive director P V Bharathi assumes charge at Corporation Bank

Canara Bank executive director P V Bharathi on Friday took charge as managing director and CEO of public-sector lender Corporation Bank. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2TvuE...

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Former Canara Bank executive director P V Bharathi assumes charge at Corporation Bank

Canara Bank executive director P V Bharathi on Friday took charge as managing director and CEO of public-sector lender Corporation Bank. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2TvuE...

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Lenders get Chandra, Ambani and Goyal to move faster on debt pile

With bankers unwilling to relent, corporates with huge pile of debt are moving fast to ensure that they do not lose control of their companies.While S from Business Line - Money & Banking http://bit.ly/2HOuJ...

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CARE downgrades DHFL’s bond, other programmes

Dewan Housing Finance Corporation Ltd (DHFL)’s woes just don’t seem to end. CARE Ratings on Sunday downgraded the housing finance firm’s non-convertib from Business Line - Money & Banking http://bit.ly/2So67...

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ADB buys 14% stake in Annapurna Finance

The expansion of equity will help the firm expand its loan portfolio in asset classes such as MSME and affordable housing, beyond its bread and butter microfinance. from Banking/Finance-Industry-Economic Times http://bit.ly/2Snas...

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