RBI warns of banking frauds on UPI platform

The modus operandi is simple: fraudsters get victims to download an app called AnyDesk.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Gudn9t

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PE firms see bonanza in residential realty sector

The domestic residential real estate space has been in a rut for years with failed and delayed projects putting buyers off. Developers more recently have been hit by a credit squeeze as banks struggle with bad debts and a crunch in the shadow banking sector.

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

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Housing finance: An opportunity in a storm

Despite NBFC woes, one must remember that Housing Finance Companies still remain an attractive opportunity in the years to come.

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

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Citigroup CEO gets $24 mn as compensation in 2018

Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 per cent raise, bringing his total compensation for 2018 to $24 milli

from Business Line - Money & Banking http://bit.ly/2ST3I24

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RBI pulls up Yes Bank for making public confidential report on divergences

Sees it as attempt to mislead public as report found other lapses and regulatory breaches

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

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Yes Bank faces RBI action for breach of confidentiality

The RBI has now warned Yes Bank of regulatory action for disclosing the ‘nil (NPA) divergence report’, which was a violation of the confidentiality clause, the private bank told the bourses on Friday night. In banking parlance, divergence refers to the difference between what the bank quotes in its annual report and what RBI’s inspection report of the same bank’s books shows.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2SIM3uM

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‘Authorised dealers can offer up to $1 mn forex derivative contracts to users’

Authorised dealers can offer foreign exchange derivative contracts up to $1 million to users - retail or non-retail - to hedge their exposure to the e

from Business Line - Money & Banking http://bit.ly/2X83yTQ

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Not out of the woods! 13 private lenders report rise in gross NPAs in Q3

Provisions & contingencies increased at 11 of the 18 lenders, partly due to the slippage of the IL&FS account.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2SEVc7g

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Yes Bank back in trouble; RBI threatens action for disclosing divergence report

Yes Bank in a press release earlier this week had said the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DM5icx

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SBI approaches big 4 auditors to appoint resolution professional for RCom

EY and a previously appointed resolution professional for RCom are among the firms interviewed by the state-run lender, according to people in the know.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GJg7Pz

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RBI threatens action against Yes Bank for disclosing nil divergence report

The banks press release breaches confidentiality and violates regulatory guidelines, the RBI said in its letter.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TM49Iy

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Individual Insolvency Code may soon be a reality

Three sets of entities will fall under the individual insolvency code, M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India said.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TRG8je

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LIC may infuse up to Rs 12,000 crore in IDBI Bank to help it meet provisioning for NPAs in Q4

The fresh support is required to cover for non-performing assets (NPAs) in the January-March quarter.

from Banking/Finance-Industry-Economic Times http://bit.ly/2EbPl0t

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Shriram General Insurance on expansion spree

Sees ‘C’ and ‘D’ cities contributing 25% to insurer’soverall revenues

from Business Line - Money & Banking http://bit.ly/2S4uv71

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PNB plans to put up more than 4,000 properties for e-auction

Punjab National Bank (PNB) has decided to place more than 4,000 properties all over India on e-auction as part of the SARFAESI Action initiated by the

from Business Line - Money & Banking http://bit.ly/2X7s1s3

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IRDAI calls meeting of insurance companies’ board chairpersons

In what is being seen as the first-of-its-kind initiative, the Insurance Regulatory and Development Authority of India (IRDAI) has called a meeting of

from Business Line - Money & Banking http://bit.ly/2S4urEj

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Watch Your Health eyes tie-up with more insurers for health solutions

An insurtech start-up is working with insurance companies to provide wellness solutions to their health-insurance policyholders to help improve their

from Business Line - Money & Banking http://bit.ly/2N79yHE

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Banks have ₹20,000-cr exposure to IL&FS

Most banks may see one-off pain in Q4, according to experts

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

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ISARC shareholders to divest 86% stake

K Ram KumarIndia SME Asset Reconstruction Company (ISARC) shareholders, led by the Small Industries Development Bank of India (SIDBI), plan to divest

from Business Line - Money & Banking http://bit.ly/2N9AzdI

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Only six PSBs cross ‘desirable’ level of 70% provision coverage ratio

While public sector banks (PSBs) have substantially ramped up their loan-loss provisions and strengthened balance sheets in the first nine months of t

from Business Line - Money & Banking http://bit.ly/2DMkh6i

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ED to ask Bank of Maharashtra for details on DSK group transactions

Agency probing failure to generate reports when accused allegedly routed and siphoned off funds.

from Banking/Finance-Industry-Economic Times http://bit.ly/2to4S7p

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With India in stimulus mode, short bonds find favour with funds

Worries about the supply overhang emerged after the Modi administration announced a record ₹7.1-trillion borrowing programme on Febraury 1

from Business Line - Money & Banking http://bit.ly/2GqR44n

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NCLT Sterling order may cheer lenders

Tribunal directing ED to release firm’s assets attached under PMLA may help creditors take legal route.

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

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Banking health: Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3

Aggregate losses for a clutch of 21 public sector banks in the quarter ended December 2018 came in at Rs 11,605 crore, led by a massive loss of Rs 4,737 crore from Bank of India and Rs 4,815 crore from IDBI Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GIlWg1

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Banking health: Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3

Aggregate losses for a clutch of 21 public sector banks in the quarter ended December 2018 came in at Rs 11,605 crore, led by a massive loss of Rs 4,737 crore from Bank of India and Rs 4,815 crore from IDBI Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GIlWg1

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Banking health: Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3

Aggregate losses for a clutch of 21 public sector banks in the quarter ended December 2018 came in at Rs 11,605 crore, led by a massive loss of Rs 4,737 crore from Bank of India and Rs 4,815 crore from IDBI Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GIlWg1

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Banking health: Aggregate losses of 21 PSBs stood at Rs 11,605 crore in Q3

Aggregate losses for a clutch of 21 public sector banks in the quarter ended December 2018 came in at Rs 11,605 crore, led by a massive loss of Rs 4,737 crore from Bank of India and Rs 4,815 crore from IDBI Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GIlWg1

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RBI fines 3 banks

Our BureauThe Reserve Bank of India has imposed a monetary penalty of ₹1.50 crore on Oriental Bank of Commerce and ₹1 crore each on Bank of India and

from Business Line - Money & Banking http://bit.ly/2tl9kU6

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Banks step up lending to corporates

Power, roads and ports, as well as services sectors get a fillip

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

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YES Bank scrip surges over 30% on RBI’s ‘nil divergence’ report

Our BureauShares of YES Bank surged by more than 30 per cent on the BSE a day after the private sector lender received a nil divergence report from t

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

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IndianMoney.com unit gets licence for insurance biz

Sangeetha Chengappa IndianMoneyInsurance.com, a subsidiary of the Bengaluru-based IndianMoney.com Group, has received the Insurance Regulatory and Dev

from Business Line - Money & Banking http://bit.ly/2TQJD9U

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Foreign investors shy away from Indian bonds

They have utilised only half of their investment limits in govt bonds

from Business Line - Money & Banking http://bit.ly/2BxmG4g

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Crack within UFBU may hamper wage revision talks

The umbrella body of nine trade unions -- which holds wage revision talks on the behalf of their members with the Indian Banks' Association (IBA).

from Banking/Finance-Industry-Economic Times http://bit.ly/2TOFt2d

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Banks lend over Rs 20,000 crore to NBFCs since the crisis hit the sector following IL&FS default

This growth compares with a shrinking of 4.7 percent in the same quarter a year ago, RBI data shows.

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

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Edelweiss to bring Bank of Singapore’s global investment products to Indian customers

The partnership will allow Bank of Singapore to significantly raise its profile in the country's growing wealth market. Edelweiss's wealth management arm has assets under advice of USD 14.4 billion.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tl4mqr

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Edelweiss to bring Bank of Singapore’s global investment products to Indian customers

The partnership will allow Bank of Singapore to significantly raise its profile in the country's growing wealth market. Edelweiss's wealth management arm has assets under advice of USD 14.4 billion.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tl4mqr

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Edelweiss to bring Bank of Singapore’s global investment products to Indian customers

The partnership will allow Bank of Singapore to significantly raise its profile in the country's growing wealth market. Edelweiss's wealth management arm has assets under advice of USD 14.4 billion.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tl4mqr

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Will reduce rates once marginal cost of funds comes down: SBI

SBI Chairman Rajnish Kumar on Thursday said the bank has already cut the interest rate and will reduce it further with decline in marginal cost of fu

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

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Edelweiss to bring Bank of Singapore’s global investment products to Indian customers

The partnership will allow Bank of Singapore to significantly raise its profile in the country's growing wealth market. Edelweiss's wealth management arm has assets under advice of USD 14.4 billion.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2tl4mqr

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Will reduce rates once marginal cost of funds comes down: SBI chief

Rajnish Kumar made a case for developing the corporate bond market to help fund projects with long gestation period

from Banking/Finance-Industry-Economic Times http://bit.ly/2GmF7N2

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Sensex, Nifty fall for sixth straight session

The 30-share index, after shuttling between 35,799.42 and 36,109.10, finally settled 157.89 points, or 0.44 per cent, down at 35,876.22. It had lost 840 points in the previous five sessions.

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

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Bajaj Allianz rolls out new brand identity ‘Caringly Yours’

Bajaj Allianz General Insurance has come up with a new brand identity ‘Caringly Yours’.Under the rebranding, both the logo and the erstwhile popular t

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

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Future Generali Life strengthens national footprint through ‘Project Vistar’

14 new offices launched in eight states

from Business Line - Money & Banking http://bit.ly/2Go5Jxj

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Finance Ministry asks six public sector banks to improve on PCA parameters

Out of a total of 11 banks put under PCA last year, three have already moved out while another two will merge with a stronger entity.

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

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Edelweiss, Bank of Singapore ink product marketing agreement

The Edelweiss group and Bank of Singapore on Thursday signed an agreement to provide their clients access to each others’ products.Bank of Singapore

from Business Line - Money & Banking http://bit.ly/2N4oPJm

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Indian bonds are falling out of favour with foreign investors

FPIs have utilised only half of their investment limits in government bonds

from Business Line - Money & Banking http://bit.ly/2GI3V1i

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Piyush Goyal asks banks to meet realty companies within a fortnight to understand industry issues

The minister also assured that goods and services tax rates would be brought down soon for the sector.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Gtl8wi

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Yes Bank sees best day after RBI gives clean chit

The central bank did not find any divergences in the asset classification and provisioning by Yes Bank for the fiscal year ending 2018, the bank said in a statement on Wednesday. This came as a relief for Yes Bank, which reeled under pressure last year to bring in a new chief executive officer amid an increasingly assertive approach by the Reserve Bank of India to tackle domestic banks’ bad debts.

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

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Still feel great times for Punjab National Bank are on the way: PNB non-executive chairman

The next couple of months should see progress on the asset management company-alternative investment fund (AMC-AIF)-led resolution approach under the Sashakt programme with discussions continuing with investors interested in the AMC and as co-stakeholders in the AMC and the AIF, and the term-sheet under preparation, Sunil Mehta, Punjab National Bank’s non-executive chairman, tells Mitali Salian.

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

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Muthoot Finance to raise up to Rs 750 crore through NCDs

The issue is with a base issue size of Rs 100 crore with an option to retain over-subscription up to Rs 650 crore, aggregating up to tranche limit of Rs 750 crore. The NCDs are proposed to be listed on BSE.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GqJE0V

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Repco Home Finance Q3 net profit jumps 31% to Rs 56 crore

Loans to the self-employed segment accounted for 55.1% of the outstanding loan book and loans against property product accounted for 18.4% of the same.

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

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RBI imposes Rs 5 cr penalty on four PSU banks, including SBI, Corporation Bank

The monetary penalty on the banks has been imposed for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accounts, RBI said in a statement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Gm733C

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Yes Bank sees best day after RBI gives clean chit

This came as a relief for Yes Bank, which reeled under pressure last year to bring in a new CEO amid an increasingly assertive approach by the RBI to tackle domestic banks' bad debts

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

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‘No divergences in YES Bank’s asset classification and provisioning’

In a thumbs-up to YES Bank, the RBI has found nil divergences in the lender’s asset classification and provisioning in 2017-18. “YES Bank has received

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

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Facing extradition, Vijay Mallya again offers to settle bank dues

"The Prime Minister's last speech in Parliament was brought to my attention. He certainly is a very eloquent speaker. I noticed that he referred to an unnamed person who "ran away" with Rs 9,000 crores. Given the media narrative I can only infer that reference is to me," Mallya said in a tweet.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Goti97

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SBI, Bank of Baroda among 4 PSU banks penalised crores of rupees by RBI; check which is fined how much

Union Bank of India also has been fined to the tune of Rs 1 crore. On the other hand, Corporation Bank has been slapped with a penalty of Rs 2 crore.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2SQ9O3c

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DHFL CEO Harshil Mehta resigns

Besides, the DHFL board has recommended appointment of Sunjoy Joshi as an Independent Director and Srinath Sridharan as a Non-Executive Director.

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

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RBI clears Yes Bank of divergence

YES Bank has received the Risk Assessment Report for FY18 as an outcome of the IRACP process.

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

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Parliamentary panel wants probe into LIC role in IL&FS case

An investigation into the role played by LIC in the IL&FS mess becomes imminent as it is the largest shareholder in the conglomerate.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SwWFN5

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PNB to e-auction 4,000 properties to recover loans

According to the bank, the action under the SARFAESI will help in achieving the recovery of Rs 26,000 crore.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Grfv1u

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Repco Home Q3 net up 31%

Repco Home Finance has reported a 31 per cent growth in net profit at ₹56 crore for the quarter ended December 31, 2018, compared to ₹42 crore in the

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

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RBI slaps fine on 4 banks

The Reserve Bank of India has imposed a monetary penalty of ₹2 crore on Corporation Bank and ₹1 crore each on Bank of Baroda, State Bank of India and

from Business Line - Money & Banking http://bit.ly/2BDa2AN

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It’s business as usual after Warburg Pincus’ 26% stake buy: IndiaFirst Life Insurance CEO

Insurer’s focus will remain unchanged; upbeat about fresh distribution opportunities

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

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I am confident that we will emerge stronger as a company: IDBI Federal Life Insurance CEO

IDBI Federal Life Insurance has been through “tough times” in the past two years with uncertainty over stake-sale by IDBI Bank. The company’s busines

from Business Line - Money & Banking http://bit.ly/2BDa1wJ

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SUUTI’s Axis Bank OFS issue subscribed 2 times

Robust response from non-retail investors

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

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Sensex drops 120 points in late selloff; bank, auto stocks drag

Extending its fall for the fifth consecutive session, the BSE Sensex gave up early gains to end 120 points lower Wednesday, as investors booked profits in banking, auto, metal and pharma stocks in the last hour of trade.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DCnC7F

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Bank credit grows 14.5%, deposits up 9.63%

In the previous fortnight ended January 18, deposits had increased by 9.69 percent to Rs 119.86 lakh crore and credit grew by 14.61 percent to Rs 93.32 lakh crore.

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

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Over 900 cases of fraud involving cards, net banking registered in Apr-Sep 2018

During the year 2015-16, 2016-17, 2017-18, the number of such cases of fraud registered by the RBI stood at 1,191, 1,372 and 2,059 respectively.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IjBp90

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Bajaj Allianz Life aims at 14% growth this fiscal

Private insurer Bajaj Allianz Life is aiming at 14 per cent growth in new premium income this financial year, a company official said. During the fir

from Business Line - Money & Banking http://bit.ly/2GK7ft7

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Lok Sabha passes Banning of Unregulated Deposit Schemes Bill 2018

New Delhi, February 13 The Lok Sabha on Wednesday passed the Banning of Unregulated Deposit Schemes Bill, 2018.This Bill was passed through a voice vo

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

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Q4 results: ABN Amro’s net profit dives 42 per cent as loan impairments surge

ABN Amro, last year, said it would limit trade and commodity finance operations in the offshore energy, diamond and shipping sectors, to improve profitability

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

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View: Indian banks clawing out of the woods

Incremental NPAs will decline, as tightening stressed assets recognition norms pays off.

from Banking/Finance-Industry-Economic Times http://bit.ly/2BA547R

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Soon, get easy loans for electric vehicles

While the first measure will help people to buy EVs by making less down payment, the second initiative will convince companies to buy quality electric vehicles.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TM01s9

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NPA under Mudra Yojana stands at Rs 7,277 cr

Loans under PMMY can be covered under CGFMU, said Shiv Pratap Shukla

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

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SUUTI gets huge response for Axis Bank OFS issue

Non-retail portion subscribed 2 times; issue opens for retail investors today

from Business Line - Money & Banking http://bit.ly/2WZ1nSs

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Big investors approached for SBI General Insurance deal

Private equity funds have also taken large bets on insurance.

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

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Payment gateway firms split on RBI intervention

Some payment gateway firms fear that regulatory scrutiny could cause operational challenges and stifle innovation.

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

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Parliamentary panel on finance seeks inquiry commission into IL&FS crisis

The CRAs, sources said, have attracted the panel’s critical observations for continually giving ‘stable’ rating to IL&FS even as a crisis simmered in the backdrop.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Bw6dxq

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Effect of 1-day default: Just look at RCom vs Jet Airways

Reliance Communications and Jet Airways are a study in contrast to realise what the February 12 circular has achieved.

from Banking/Finance-Industry-Economic Times http://bit.ly/2N1FBZp

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RBI slaps penalties on 7 banks for violation of norms

A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2THC0T6

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RBI slaps penalties on 7 banks for violation of norms

A penalty of Rs 1 crore has been imposed on Andhra Bank for similar violations.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2THC0T6

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Reliance Home Finance Q3 net profit up 37% to Rs 55 crore

"The company will continue to make valuable investments in people, processes and technology to empower the customer and enable the sustainability of the business for delivering robust shareholder returns," Reliance Home Finance ED and CEO Ravindra Sudhalkar said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GpZ9q2

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Fintech ZestMoney eyes 8,000 e-comm merchants by year-end

KR SrivatsZestMoney, a digital consumer-lending fintech, wants to emerge as the ‘go-to’ platform for EMIs in the country, and is eyeing a five-time in

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

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Reliance Home Finance Q3 net profit up 37% to Rs 55 crore

"The company will continue to make valuable investments in people, processes and technology to empower the customer and enable the sustainability of the business for delivering robust shareholder returns," Reliance Home Finance ED and CEO Ravindra Sudhalkar said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GpZ9q2

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Sharp rise in concentration risks for debt funds on IL&FS, DHFL crisis

Several funds, with relatively lower corpus, have been witnessing a steep increase in DHFL bond holdings

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

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Andhra Bank loss widens to ₹579 cr

Andhra Bank posted a net loss of ₹579 crore in the third quarter ended December 2018. The loss widened as the lender suffered a net loss of ₹532 crore

from Business Line - Money & Banking http://bit.ly/2Bz4W8A

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Insurers seek alternative to Aadhaar e-KYC as instant policies get delayed

Insurance companies are trying to work out alternative solutions to Aadhaar-based e-KYC authentication as instant policy approvals and some POS produc

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

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RBI imposes monetary penalty on 7 banks

Our BureauThe Reserve Bank of India has imposed a monetary penalty of ₹1.50 crore each on Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank

from Business Line - Money & Banking http://bit.ly/2DwUX3S

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Bajaj Allianz Life Insurance gross written premium rises to ₹ 5,567 crore

Private sector Bajaj Allianz Life Insurance has posted a 13.4 per cent increase in gross written premium to ₹5,567 crore in the first nine months of

from Business Line - Money & Banking http://bit.ly/2RXB4YP

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Now, voice bot Tia to disburse loans for Tata Capital

Venkatesh Ganesh Tata Capital has launched a voice bot that disburses personal loans without human intervention. Tia, the voice-enabled bot, assists

from Business Line - Money & Banking http://bit.ly/2X0DN7x

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Manimekhalai new ED Canara Bank

New ED takes over at Canara Bank A Manimekhalai has taken charge as the Executive Director at Canara Bank. She was previously with Vijaya Bank as Ge

from Business Line - Money & Banking http://bit.ly/2RXIn2E

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NBFC crisis roils corporate bond sales, dips 13% to ₹4 lakh cr till December

Witnesses higher cost of borrowings post-August 2018 across all the rating categories

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

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Reliance Home Finance Q3 net profit up 37% to Rs 55 crore

"The company will continue to make valuable investments in people, processes and technology to empower the customer and enable the sustainability of the business for delivering robust shareholder returns," Reliance Home Finance ED and CEO Ravindra Sudhalkar said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GpZ9q2

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RBI penalises seven banks for violating various norms

While Andhra Bank was fined Rs 10 crore, the other banks were fined Rs 15 crore each.

from Banking/Finance-Industry-Economic Times http://bit.ly/2I80lzT

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Allahabad Bank dials RBI for transfer of bad loan from Hong Kong

The transfer and offloading of assets is necessary as the lender is in the process of winding up its lone overseas branch in Hong Kong.

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

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Reliance Home Finance Q3 net profit up 37% to Rs 55 crore

"The company will continue to make valuable investments in people, processes and technology to empower the customer and enable the sustainability of the business for delivering robust shareholder returns," Reliance Home Finance ED and CEO Ravindra Sudhalkar said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GpZ9q2

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Sensex drops 241 points ahead of macro data releases

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2WVbc3C

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Karur Vysya Bank Q3 profit dives 70% as bad loans mount

Karur Vysya Bank on Tuesday said the gone by December quarter saw a decline of over 70 per cent in net profit to Rs 21.20 crore as bad loans spiked.

from Business Line - Money & Banking http://bit.ly/2SJeN5x

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Govt introduces IFSC Bill in Rajya Sabha

It provides business and regulatory environment that is comparable to other leading international financial centres like London, Singapore

from Business Line - Money & Banking http://bit.ly/2TJCCr9

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Q3 results: Reliance Home Finance net up 37 per cent

The company’s assets under management moved up by 24 per cent to Rs 18,288 crore

from Business Line - Money & Banking http://bit.ly/2GkGPi1

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Kerala Financial Corp to go fully digital from April 1, 2019

Payments can be carried out either online or through virtual accounts from the new financial year.

from Business Line - Money & Banking http://bit.ly/2TLYT7Y

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IL&FS exposure: IBA may again turn to RBI for relief to banks

Following the series of defaults by some entities of IL&FS, the government superseded the board and appointed Kotak as its chairman in October 2018.

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

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Reliance General Insurance files for IPO

Reliance General Insurance Co Ltd has filed for an initial public offering (IPO) consisting of a fresh issue of shares worth up to 2 billion rupees (

from Business Line - Money & Banking http://bit.ly/2Dt1hcG

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Government seeks to raise Rs 5,316 crore by selling 3% in Axis Bank

The offer for sale, at Rs 689.52 apiece, translates into a 3% discount to Monday’s Axis Bank closing price of 710.35.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GBgX0J

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Fresh NPA additions at lenders slow down, recoveries on the rise

Bank provisions have increased, but experts say there is a perceptible change in credit culture

from Banking/Finance-Industry-Economic Times http://bit.ly/2N5t9Is

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Bank of America ML sole bidder for SBI’s Essar Steel debt

SBI’s loans to Essar were under different heads, including working capital, term loans and corporate loans.

from Banking/Finance-Industry-Economic Times http://bit.ly/2RW4t5C

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PNB to sell stake in housing finance arm to GA and Varde

Existing investor GA may buy additional 12%; Varde could acquire 10%; PNB to continue holding 10.7%

from Banking/Finance-Industry-Economic Times http://bit.ly/2I7Yo6P

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India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

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India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

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India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

Rupee gains on weak oil; near-term outlook positive

Gurumurthy KThe Indian rupee, which was threatening to fall below 72 against the US dollar, made a sharp recovery in the past week. The currency made

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

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SUUTI plans to sell 3% in Axis Bank for ₹5,300 crore

Floor price for offer fixed at ₹689.52/share

from Business Line - Money & Banking http://bit.ly/2RUJu3l

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India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

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Dena Bank aims to reduce bad loans to ‘high four digits’ by March-end: CEO

Lender launches Mission Dena 9999 to bring down non-performing assets; will focus on recovery in written-off accounts

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

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IRDAI panel recommends regulatory sandbox for tech-based innovations

Companies allowed to test products for up to 12 months in five categories

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

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India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

ICAI Accounting Research Foundation to oversee reopening of IL&FS books

In a release, the Institute of Chartered Accountants of India (ICAI) Monday said ICAI ARF has been assigned the task of "reopening" of the books of IL&FS.

from Banking/Finance-Industry-Economic Times http://bit.ly/2I3ZOz2

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India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

India’s shadow bank crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

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

Read more »

Allianz Group invests over $200mn in Edelweiss debt platform

Financial services company, Edelweiss Group on Monday said Allianz Investment Management, a part of Allianz Group, has invested over $ 200 million in

from Business Line - Money & Banking http://bit.ly/2I2Ocfx

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Corporation Bank swings into the black with Rs 60.53-cr profit in Q3

Corporation Bank has swung into the black with a profit of Rs 60.53 crore in the December quarter 2018, as provisioning for bad loans saw a sharp dec

from Business Line - Money & Banking http://bit.ly/2SHG0pg

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S&P affirms IOB’s ratings, keeps outlook stable

International rating agency S&P Global Monday affirmed credit rating of state-run Indian Overseas Bank (IOB) at ‘BB’ and ‘B’ on expectation of gov

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

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Govt not looking at any other proposal for PSB merger

First-ever three-way consolidation of PSBs will come into force on April 1

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

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Max Financial Q3 profit up 41% to ₹ 140 cr

Max Financial Services on Monday reported a rise of 41 per cent in standalone net profit at ₹139.89 crore for the third quarter ended December 31, 20

from Business Line - Money & Banking http://bit.ly/2WX29iT

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Deutsche Bank makes bumper equity infusion in India

Deutsche’s retail business in India includes loans to individuals and wealth management.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SCi4Un

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PF Chief calls for exempted trusts’ holding in IL&FS arm

CPFC has taken account of media reports as those PFs are managing people’s money.

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

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TPG closes Asia VII fund with more than $4.6 billion of commitments

Global alternative asset firm TPG has marked the final close of its latest Asia-focused private equity fund TPG Capital Asia VII, with it raising more

from Business Line - Money & Banking http://bit.ly/2GyR0Pm

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Now, Bharti Axa introduces new child insurance plan

The new plan gives parents flexibility to choose between two maturity payout options—Flexi Payout Option and Annual Payout Option

from Business Line - Money & Banking http://bit.ly/2E5lXsZ

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NBFC crisis casts widening gloom

It’s time India’s policy makers acknowledged the real problem facing the country’s shadow banks. What they are experiencing is no longer a vanilla li

from Business Line - Money & Banking http://bit.ly/2MXJVc7

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SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

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SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

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SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

Read more »

SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

Read more »

SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

Read more »

SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

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State-run banks spurn risky lending to conserve capital

Steep losses, bad loan provisioning eat into lenders’ capital

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

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NPA overhang may go in first half of next year: SBI

Newly-formed asset management firm aims to resolve assets worth ₹3 lakh crore

from Business Line - Money & Banking http://bit.ly/2I19mdZ

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SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

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IRDAI yet to seek details of insurance cos’ exposure to DHFL

Insurers slow down investments in NBFCs

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

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Customer Loyalty has been our biggest strength - Indian Bank MD

Customer patronage and loyalty for Indian Bank seems to have caught the attention of its Managing Director and Chief Executive Officer Padmaja Chundur

from Business Line - Money & Banking http://bit.ly/2BvXv23

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SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

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Why timely renewal of health cover is critical

Pay the premium on time to reduce stress and for continuity benefits

from Business Line - Money & Banking http://bit.ly/2WWJ3ZQ

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Ways to reduce your EMI

Here are a few options if high monthly outgoes are a cause for concern

from Business Line - Money & Banking http://bit.ly/2RSC3th

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Suryoday Small Finance Bank: A safe option for higher returns

Small finance banks offer far more attractive rates than traditional banks

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

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SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

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

Read more »

From ‘every household’ to ‘every unbanked adult’: Deposits in Jan Dhan accounts set to cross Rs 90,000 cr

According to the latest data, there were 34.14 crore account holders under the PMJDY.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IgZe1d

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SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 cr

The bulk of accounts up for sale by SBI are of small and medium enterprises (SMEs) that have dues amounting to Rs 4,667 crore.

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

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Deposits in Jan Dhan accounts set to cross Rs 90,000 crore

The govt has also shifted the focus on accounts from 'every household' to 'every unbanked adult'.

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

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