Jet Airways' shareholders approve debt-for-equity swap

Jet's board last week approved a plan by lenders, led by State Bank of India, for an equity infusion, debt restructuring and the sale or sale-and-lease-back of aircraft. The plan will mean the lenders will have a bigger holding than any other shareholder.

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13 Indian banks seek details of Mallya’s assets in Britain

The 13 state-owned Indian banks which are trying to claw back the Rs 10,000 crore that Vijay Mallya owes them by legally seizing assets he owns in England are facing delays as many of the assets they were hoping to get their hands on are not in his name.

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RBI tightens risk-weight norms, loans to NBFCs become costlier

The Reserve Bank of India (RBI) on Friday stepped in to slow the flow of credit flow to non-banking financial companies (NBFCs) by making it more expensive for banks to lend to them.

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IL&FS employee welfare trust under ED lens

Former IL&FS CMD Parthasarathy, former director Sankaran named in ED ECIR.

from Banking/Finance-Industry-Economic Times https://ift.tt/2VeDHry

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RBI tightens risk-weight norms, loans to NBFCs become costlier

The Reserve Bank of India (RBI) on Friday stepped in to slow the flow of credit flow to non-banking financial companies (NBFCs) by making it more expensive for banks to lend to them.

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Ensuring intermediation by banks in clean manner a challenge: Rajiv Kumar

Recoveries in the last four years have increased to Rs 3.62 lakh crore and Rs 1.2 lakh crore in the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GGArSh

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Tackling corruption: Banks to use algorithm to decide your loan application

The government wants to replicate the success witnessed in digital payment services in the delivery of credit services.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NmrZbF

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Ensuring intermediation by banks in clean manner a challenge: Rajiv Kumar

Recoveries in the last four years have increased to Rs 3.62 lakh crore and Rs 1.2 lakh crore in the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GGArSh

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Tackling corruption: Banks to use algorithm to decide your loan application

The government wants to replicate the success witnessed in digital payment services in the delivery of credit services.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NmrZbF

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Ensuring intermediation by banks in clean manner a challenge: Rajiv Kumar

Recoveries in the last four years have increased to Rs 3.62 lakh crore and Rs 1.2 lakh crore in the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GGArSh

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Tackling corruption: Banks to use algorithm to decide your loan application

The government wants to replicate the success witnessed in digital payment services in the delivery of credit services.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NmrZbF

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Ensuring intermediation by banks in clean manner a challenge: Rajiv Kumar

Recoveries in the last four years have increased to Rs 3.62 lakh crore and Rs 1.2 lakh crore in the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GGArSh

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Tackling corruption: Banks to use algorithm to decide your loan application

The government wants to replicate the success witnessed in digital payment services in the delivery of credit services.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NmrZbF

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ING Group sells remaining 3% stake in Kotak Mahindra Bank; key things to know

ING Group on Friday said that it has sold its remaining 3 per cent stake in Kotak Mahindra Bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U4753g

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Ensuring intermediation by banks in clean manner a challenge: Rajiv Kumar

Recoveries in the last four years have increased to Rs 3.62 lakh crore and Rs 1.2 lakh crore in the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GGArSh

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Tackling corruption: Banks to use algorithm to decide your loan application

The government wants to replicate the success witnessed in digital payment services in the delivery of credit services.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NmrZbF

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ING Group sells remaining 3% stake in Kotak Mahindra Bank; key things to know

ING Group on Friday said that it has sold its remaining 3 per cent stake in Kotak Mahindra Bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U4753g

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ING Group sells remaining 3% stake in Kotak Mahindra Bank; key things to know

ING Group on Friday said that it has sold its remaining 3 per cent stake in Kotak Mahindra Bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U4753g

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Bank wage talks to cover officers up to AGM rank

The updated proposal for officers means bipartite negotiation will now cover 3.76 lakh officers, which is 99.27% of total officers in public sector banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Nn97cj

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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US sanctions on Iran a boon for UCO Bank

Renewed US sanctions on Iran’s oil exports are giving a boost to the profits of one of India’s smaller state-owned banks, which has been struggling un

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Drought-hit farmers at the receiving end as SBI, IFFCO Tokio continue to pass the buck

Following an article in these columns (When Cover for Farmers Came a Cropper, published in BusinessLine, on February 18), where the problem of 140-od

from Business Line - Money & Banking https://ift.tt/2GHoY4U

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Impasse continues as two officers’ associations skip wage-deal talks

With two officers’ associations – AIBOC and NOBW – abstaining from the wage talks called by the Indian Banks’ Association (IBA) on Thursday, the asso

from Business Line - Money & Banking https://ift.tt/2SSCUQ9

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Corp Bank union triennial meet

Corporation Bank Employees’ Union (CBEU), an affiliate of the All-India Bank Employees’ Association (AIBEA), will convene its 25th all-India triennial

from Business Line - Money & Banking https://ift.tt/2E3rHSL

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BoB earmarks $113 m to refinance solar projects

Bank of Baroda has tied up with Germany’s KfW Development Bank for funding of $113 million to refinance solar projects under Solar Partnership II – Pr

from Business Line - Money & Banking https://ift.tt/2txTrdh

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Tata AIA banks on data analytics, credit bureaus to issue policies

Now, customers can get covered without the need for medical tests

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More bank reforms needed to support economic growth: NITI Aayog chief

Need ‘glide path’ to Basel III levels, says Rajiv Kumar

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Union Bank to use ₹4,112-crore capital infusion to improve PCR

Union Bank of India plans to use the ₹4,112-crore capital infusion from the government to improve its provision coverage ratio (PCR) towards loan loss

from Business Line - Money & Banking https://ift.tt/2tyaX0U

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Sundaram Finance, Ageas complete insurance deal

Sundaram Finance Ltd and Ageas Insurance International NV, Europe’s leading insurance group, said on Friday they have officially completed the non-li

from Business Line - Money & Banking https://ift.tt/2STVgjX

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Banks' consortium considering Rs 500 cr interim funding to Jet Airways, says PNB chief

PNB is part of the lenders' consortium, led by State Bank of India (SBI), that has extended loans to the airline.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Vev3ZM

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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‘Unregulated deposit ordinance to lead to creation of central repository of registered firms’

Financial Services Secretary Rajiv Kumar on Friday said the Banning of Unregulated Deposit Scheme Ordinance promulgated by the President will help cr

from Business Line - Money & Banking https://ift.tt/2SSfbj3

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Renewed US sanctions on Iran revive fortunes of a bank

Kolkata-based UCO Bank expects its privileged status processing refiners’ payments for Iranian oil shipments to add more than Rs 800 crore ($110 million) to annual earnings, according to chief executive officer Atul Kumar Goel. Indian refiners are required to deposit any money destined for Iran without interest with UCO Bank during periods when US sanctions are in force.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BPvK4y

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Sensex ends marginally lower; bank stocks fall

The 30-share sensex settled 26.87 points, or 0.07 per cent lower at 35,871.48. The broader NSE Nifty inched up 1.80 points, or 0.01 per cent, to 10,791.65. Kotak Bank was the biggest loser in the sensex pack, falling 3.71 per cent, followed by RIL, HDFC Bank, Bajaj Finance, PowerGrid, IndusInd Bank, Asian Paints, HDFC and ITC.

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

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Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

Read more »

Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

Read more »

Trouble for Chanda Kochhar; CBI issues look out notice against former ICICI Bank chief

In fresh trouble for former ICICI Bank MD & CEO Chanda Kochhar, Central Bureau of Investigation (CBI) has issued a look out circular against her.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GWUr2l

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Banks need to use more technology in lending: CEA

Banks need to use more technology to screen borrowers and monitor them, a top Finance Ministry official has said.“There is certainly compelling reason

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Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

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Renewed US sanctions on Iran revive fortunes of an Indian bank

The Kolkata-based bank expects its privileged status to add more than Rs 800 crore ($110 million) to annual earnings,

from Banking/Finance-Industry-Economic Times https://ift.tt/2T7znNf

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CBI issues lookout circular against Chanda Kochhar

Highly placed sources said that a lookout circular (LoC) has been issued against Chanda Kochhar, accused of conniving with her husband Deepak Kochhar and Videocon MD Venugopal Dhoot in cheating the private sector bank while disbursing six loans worth Rs 1,875 crore to Videocon group companies between June 2009 and October 2011.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BLt3AY

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Vivriti Capital concludes Rs 84-cr asset-backed securitisation transaction with private bank

This model of finance enables MFIs to access growth capital by pooling their assets and common credit enhancement, the company said.

from Business Line - Money & Banking https://ift.tt/2SSK2MB

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Some banks may make token rate cuts

Das, however, argued that India needs softer rates to push growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/2U0sElj

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Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

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Reserve Bank of India seeks info from NBFCs on moratorium given to borrowers

There are more than 11,000 NBFCs of which 218 are systemically important, having total assets of Rs 25 lakh crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GVvDbe

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Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

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Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

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CBI issues look out circulars against Kochhars, Dhoot in corruption case

Enforcement Directorate is extending investigation to possible forex rules violations.

from Banking/Finance-Industry-Economic Times https://ift.tt/2SiTXpf

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Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

Read more »

Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

Read more »

Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

Read more »

Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

Read more »

Interest rate dilemma! Banks promise RBI to examine possibilites to cut lending rates

April 1 deadline to move to a pricing regime based on external benchmark stands, even as RBI awaits more feedback.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SiGait

Read more »

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

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Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

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Will banks respond to RBI's call for lower rates?

RBI Governor Shaktikanta Das held a meeting with country’s top bankers on Thursday and nudged them to reduce the financing cost to encourage investment.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GCwhef

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Shriram Transport Fin looks to tap private placement market in the US

After tasting success in the Eurobond market with its latest overseas bond offering, Shriram Transport Finance Company (STFC) plans to tap the highly-

from Business Line - Money & Banking https://ift.tt/2XfoSXn

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‘Expansion of product portfolio strengthens Unimoni as an NBFC’

From providing services in forex remittance and domestic money transfer, Unimoni India (erstwhile UAE Exchange) has expanded its product portfolio to

from Business Line - Money & Banking https://ift.tt/2Sdh2tL

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Insurer Universal Sompo, chairman under IRDAI cloud

Commissions worth several crores were paid to brokerages even when premium cheques submitted by them bounced

from Business Line - Money & Banking https://ift.tt/2SP2Vjx

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Axis Bank plans to take the acquisition route to insurance

Private sector bank aims to pick up stake in an insurer this year: CEO Amitabh Chaudhry

from Business Line - Money & Banking https://ift.tt/2E1Ad4F

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Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

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Now, IBA given mandate by 14 PSBs to negotiate wages

With five large public sector banks giving a mandate to the Indian Banks’ Association (IBA) for negotiation of wages of officers up to the rank of Sca

from Business Line - Money & Banking https://ift.tt/2IqW1Mo

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RBI top brass urges bank CEOs to lower lending rates

The top brass at the Reserve Bank of India, on Thursday, impressed upon top bankers the need for the recent cut in policy repo rate to translate into

from Business Line - Money & Banking https://ift.tt/2TeiX5W

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Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

Read more »

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

Read more »

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

Read more »

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

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Weakening growth momentum,softening prices led to rate cut:MPC

The Monetary Policy Committee has noted the “weakened growth momentum” amidst inflation cooling off to lower the key policy rates to create a “congen

from Business Line - Money & Banking https://ift.tt/2SNINhD

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Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

Read more »

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

Read more »

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

Read more »

Modi’s PSU bank recapitalisation will improve solvency, but will not solve legacy loan issue

Government’s latest capital infusion of Rs 48,239 crore in PSU banks will improve their solvency and boost their bad loan provisioning, but will not address the large volume of legacy loan problems, which are yet to be resolved, Moody’s said in a report today. The capital shortages faced by Indian PSU (public sector undertaking) banks […]

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T5ZW5y

Read more »

Digital wallet players backed into a corner as February 28 KYC deadline approaches

User base may fall 80% after Feb 28

from Business Line - Money & Banking https://ift.tt/2SgLqDm

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Srei Equipment Finance to co-lend with Syndicate Bank

Under the arrangement, Syndicate Bank would leverage on its low-cost funds and co-lend equipment loans with Srei Equipment at a mutually agreed rate, a company statement said on Thursday.

from Banking/Finance-Industry-Economic Times https://ift.tt/2BNwVBF

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Srei Equipment Finance to co-lend with Syndicate Bank

Srei Equipment Finance Limited, a wholly owned subsidiary of Srei Infrastructure Finance, has tied up with state-owned Syndicate Bank to jointly provi

from Business Line - Money & Banking https://ift.tt/2TZ6yzD

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RCap invites Nippon Life to acquire its stake in asset management JV

Anil Ambani-led Reliance Capital (RCap) Thursday said it has invited Nippon Life Insurance to acquire up to 42.88 per cent, which is its entire stake

from Business Line - Money & Banking https://ift.tt/2tF8WjP

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Shriram Transport Finance raises $400 mn from international bond markets

Shriram Transport Finance Company Ltd (STFC), a leading asset financing company, has raised $400 million through a three-year bond from the internatio

from Business Line - Money & Banking https://ift.tt/2tvwW8P

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Strapped promoters in talks to cash out of Dewan Housing Finance

Holding company Wadhawan Global Capital has initiated talks with more than a dozen financial and strategic investors in India and abroad to sell a controlling stake.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TZ9oVx

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Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

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Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

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Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

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Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

Read more »

Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

Read more »

Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

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Merger of Vijaya Bank and Dena Bank with BoB to be effective from April 1

As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held.

from Banking/Finance-Industry-Economic Times https://ift.tt/2IqZSt0

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Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

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Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

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Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

Read more »

Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

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Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

Read more »

Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

Read more »

Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

Read more »

Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

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‘To balance market, draw young customers’

Selecting a right health cover and understanding it fully are some of the challenges the commoner faces. One has to fathom the intricacies and riders

from Business Line - Money & Banking https://ift.tt/2Sf3j5t

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Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure

With two major cases at the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore during the current fiscal.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GUjL9u

Read more »

Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

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Moody’s changes YES Bank outlook to stable

Moody’s Investor Service, on Wednesday, affirmed YES Bank’s ratings and changed the outlook to ‘stable’ from ‘negative’ after the recent developments

from Business Line - Money & Banking https://ift.tt/2NfQ9Ew

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Suryoday SFB plans credit/OD facility for commercial vehicle fleet operators

K Ram KumarHaving zeroed in on working capital for commercial vehicle (CV) fleet operators as a substantially unaddressed segment, Suryoday Small Fina

from Business Line - Money & Banking https://ift.tt/2ElsrE0

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Fedfina aims to scale up business to ₹15,000 cr in five years: CEO

Fedbank Financial Services (Fedfina), a subsidiary of Federal Bank, has set out a comprehensive expansion plan to scale up its balance sheet size by

from Business Line - Money & Banking https://ift.tt/2V9HtlW

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Muthoot Pappachan Chits eyes ₹3,000-crore business by FY20-end, plans further expansion in South India

Clear policy framework and adoption of tech innovations spur growth

from Business Line - Money & Banking https://ift.tt/2GwpHWA

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ED finds incriminating evidence in homes of IL&FS top brass

IL&FS and it's subsidiaries have have a debt of close to ₹ 91,000 crore

from Business Line - Money & Banking https://ift.tt/2BJw6K1

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Modi govt to infuse Rs 40,000 crore into 12 PSU banks; check who gets how much

The government on Wednesday approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to with an aim to equip better performing PCA banks to be above PCA thresholds.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NgybBT

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Why RBI's rate cut hasn't brought down your EMIs

Banks peg their loan rates to a benchmark (known as MCLR), which in turn is based on the cost of deposits. So, to cut the MCLR, they need to bring down deposit rates. But banks are struggling to raise deposits (against credit growth of 9.3%, bank deposits have been growing at only 6.1%) and are forced to offer high interest rates. SBI says it can’t cut rates as 'other banks are offering higher rates'.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Sest4c

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Centre approves ₹48,239 crore recap to 12 public sector banks

The Centre has approved ₹48,239 crore recap to 12 public sector banks to strengthen their balancesheets and help them better deal with the Reserve B

from Business Line - Money & Banking https://ift.tt/2SaN0qt

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Govt announces Rs 48,239 crore recapitalisation plan for 12 PSU banks

Financial services secretary Rajiv Kumar said that the government will infuse Rs 9,086 crore in Corporation Bank and Rs 6,896 crore in Allahabad Bank -- the two "better-performing" banks currently under the Prompt Corrective Action (PCA) supervision of the RBI.

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

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PayU India names Anirban Mukherjee as CEO

He will also join PayU’s global fintech leadership team

from Business Line - Money & Banking https://ift.tt/2EimjfB

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Banks most vulnerable to cyber threats: Govt official

The banking system needs to prepare itself to address the risks and challenges arising from cyber security and the disruptions being thrown up by tech

from Business Line - Money & Banking https://ift.tt/2T3qwfC

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Weak bond auctions flash warning on India record debt sales

India is struggling to sell its bonds at recent auctions, and that’s even before Prime Minister Narendra Modi embarks upon a record borrowing programm

from Business Line - Money & Banking https://ift.tt/2TYbjK3

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Sensex climbs 404 points to end 9-day losing streak; Nifty above 10,700

On the BSE index, Tata Steel, Vendata, ONGC, NTPC, Yes Bank, Infosys, SBI and Sun Pharma were among the major gainers with their stocks rising as much as 4.78 per cent. Of the 30 Sensex constituents, 25 closed with gains while just 5 closed with losses. On NSE, all the sub-indices closed in green with Nifty Metal, IT and PSU Bank rising as much as 2.80 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2E0ioTD

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IL&FS probe: ED registers money laundering case, raids underway in Mumbai, Gurgaon

The ED’s case follows the predicate offence registered with Delhi Police. The Delhi EOW is also probing the cash-strapped IL&FS.

from Banking/Finance-Industry-Economic Times https://ift.tt/2E6Wr5p

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Sensex soars over 250 points; metal stocks rally

Top gainers in the Sensex pack include ONGC, Vedanta, Yes Bank, Bajaj Finance, Axis Bank, Sun Pharma, L&T, Tata Steel, HDFC, Reliance and Bharti Airtel, rising up to 2.12 per cent. On the other hand, HCL Tech, Hero MotoCorp, Bajaj Auto and M&M were the losers, falling up to 0.76 per cent.

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

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Shutting out foreign funds hurts India’s bad debt market: BofA

India’s distressed debt market is being hobbled by rules that bar foreign funds from directly buying up bank loans, according to Bank of America Corp

from Business Line - Money & Banking https://ift.tt/2NdNpr8

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IRDAI spells out draft norms of standard mediclaim policy to be available to all soon

A uniform health insurance product, to be called a standard Mediclaim Policy offering basic cover, will be available for all soon.According to the dr

from Business Line - Money & Banking https://ift.tt/2GAtJxk

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Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3

Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19.

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

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Jet Airways bailout puts focus on India banks' debt-to-equity losses

SBI isn’t alone: competitors including ICICI Bank Ltd., Bank of Baroda and Axis Bank Ltd. saw the market value of their equity holdings drop last year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2V1ILPQ

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Reserve Bank of India may lift prompt corrective action curbs on Dena, Central & Allahabad banks

The govt is expected to provide another Rs 12,500 crore of capital in the current quarter to banks that have capital ratios below the mandatory level.

from Banking/Finance-Industry-Economic Times https://ift.tt/2EkOIlw

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Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3

Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19.

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

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Top banks under taxman’s lens over service tax issue

At the heart of the matter is the lack of clarity on the tax liability on the annual fees that banks pay multinationals.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NeeH0v

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Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3

Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19.

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

Read more »

Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3

Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19.

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

Read more »

Bad loans: 19 PSBs write off nearly Rs 41,000 crore in Q3

Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was followed by IDBI Bank, which saw a 4,783% y-o-y rise in write-offs to Rs 562 crore in Q3FY19.

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

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After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2trVU8T

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After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2trVU8T

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After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2trVU8T

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After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2trVU8T

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After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2trVU8T

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Do we really need insurance for self-driving cars?

Dan Peate, a venture capitalist and entrepreneur in Southern California, was thinking of buying a Tesla Model X a few years ago until he called his in

from Business Line - Money & Banking http://bit.ly/2U1bIvi

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Centrum group looks to scale up insurance broking business

For Centrum Group, 2018 was one of the best years, as the diversified financial services firm wrapped it up with a string of strategic acquisitions,

from Business Line - Money & Banking http://bit.ly/2V4C67t

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SBI Card revamps brand identity

SBI Card has unveiled its new brand identity, designed to appeal to the millennial generation. The new identity reflects the brand’s contemporary and

from Business Line - Money & Banking http://bit.ly/2EjOF9A

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Disclosure on nil divergence was to comply with SEBI norms: YES Bank

‘Has not indulged in misrepresentation’

from Business Line - Money & Banking http://bit.ly/2V96WMq

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After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2trVU8T

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PM Jan Dhan Yojana accounts see record 24% rise in average balance

But the upper cap on balance at ₹50,000 is a constraint for users

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

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Bank officers quell rumours of workmen organisations agreeing to 12% hike in wages

A section of bank officers have voiced concerns over rumours that workmen organisations are prepared to sign on the dotted line for a 12 per cent hik

from Business Line - Money & Banking http://bit.ly/2T1GxlZ

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‘Change in customer preferences will boost innovation in insurance sector’

The change in consumer preferences is likely to drive product innovation in the general insurance industry in India. According to Tajinder Mukherjee,

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

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Swiss Re banks on tech to improve claim-settlement in crop insurance

Global reinsurer Swiss Re is working on using technology to improve claim settlement in crop insurance scheme.Satellite imaging “One example of the ne

from Business Line - Money & Banking http://bit.ly/2T1nBnr

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After RBI rap, YES Bank says report released to comply with SEBI norms

After Reserve Bank of India (RBI) rapped YES Bank for making a report marked ‘confidential’ public, the private lender said that the NPA divergence information followed due compliance.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2trVU8T

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Irdai issues norms for standardized health insurance product

While the minimum entry age is kept at 18 years for principal insured, the maximum age at entry is 65 along with lifelong renewability. There shall be no maximum exit age.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SN6rdU

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EPFO: CBT to discuss investments in IL&FS

Plans to seek compensation from govt on losses incurred

from Business Line - Money & Banking http://bit.ly/2tvMJ7I

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World Bank, UN Women and SIDBI plan ‘women’s livelihood bond’ to raise ₹300 cr

Proceeds will help rural women set up, scale up their enterprises

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

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HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profits.

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

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HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profits.

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

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HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profits.

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

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HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profits.

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

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HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profits.

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

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Soon banks will take back hefty payouts from errant CEOs

The RBI is working on a set of rules that would link banks CEOs' remuneration to parameters like balance sheet size of a bank, loan delinquency and profits.

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

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HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profits.

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

Read more »

HSBC’s 2018 profit misses estimates; China weakness poses growth risks

An economic slowdown in China, the world's second-largest economy, poses a challenge to the bank's strategy of pouring more resources into Asia where it already makes over three quarters of its profits.

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

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Homebuyers as financial creditors: Developers' default risks spike

Last August, Parliament had passed an amendment to the Insolvency and Bankruptcy Code (IBC) allowing home-buyers to be treated as financial creditors.

from Banking/Finance-Industry-Economic Times http://bit.ly/2T3kFGW

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Remote-access apps used to steal money from account

A Bengaluru-based former bank official lost Rs 1 lakh after fraudsters gained access to his phone by getting him to download an app that allows for malicious access.

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

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India surpasses Italy for world’s worst soured loan ratio

India holds the dubious distinction of having the worst non-performing loan ratio among the world’s major economies, having surpassed Italy. The Rese

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

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No cheaper loans without FD rate cut: HDFC Bank CEO

The market is expecting another rate cut in April, given the dip in inflation and the understanding that there is a slowdown in the economy. At the same time, banks are finding it difficult on the funding side. Transmission of RBI’s rate cuts will depend on the time frame in which deposit rates go down.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2V3mwJb

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Remote access apps used to steal money from bank account

A Bengaluru-based former bank official lost Rs 1 lakh after fraudsters gained access to his phone by getting him to download an app that allows for malicious access.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SJ3afY

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No cheaper loans without FD rate cut: Aditya Puri, CEO HDFC Bank

Puri himself does not use a smartphone or laptop and uses his tech ‘illiteracy’ as a strength to challenge his team to come up with digital interfaces that the man on the street can use.

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

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Sensex rebounds over 100 points; Nifty nears 10,700

Top gainers in the Sensex pack include Bharti Airtel, Bajaj Finance, M&M, PowerGrid, ICICI Bank, ONGC, L&T, Bajaj Auto, Vedanta, Tata Steel, Axis Bank and Yes Bank, rising up to 1.45 per cent. On the other hand, HUL, Tata Motors, Infosys, HDFC, TCS and IndusInd Bank were the losers, falling up to 0.76 per cent.

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

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RBI board okays Rs 28,000 cr as interim dividend to govt

The central board of the Reserve Bank of India (RBI) on Monday approved the transfer of Rs 28,000 crore as interim dividend to the government, a much-needed transfer against the backdrop of a tight fiscal situation.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2T21ixY

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SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

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

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SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

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

Read more »

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

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

Read more »

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

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

Read more »

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

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

Read more »

PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

Read more »

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

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

Read more »

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

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

Read more »

PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

Read more »

RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

Read more »

PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

Read more »

Rate cut pass-on important, will meet bank heads on Feb 21, says RBI Governor Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

The state-owned lender would also expedite payment of insurance amount of Rs 30 lakh each to the families of CRPF personnel killed.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Nb05z2

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PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

Read more »

Rate cut pass-on important, will meet bank heads on Feb 21, says RBI Governor Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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Karnataka Bank’s performance consistent in FY19, says MD

Karnataka Bank has exhibited consistency in its financial performance in all the three quarters of 2018-19, according to Mahabaleshwara MS, Managing

from Business Line - Money & Banking http://bit.ly/2V7mSPg

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Kerala Financial Corp gets rating upgrade for bonds, borrowings

Kerala Financial Corporation (KFC), a major state financial corporation in the country, has received a rating upgrade for its bonds and bank borrowing

from Business Line - Money & Banking http://bit.ly/2Eg1i5f

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External benchmarking of loan rates could result in volatility, say bankers

Bankers have cautioned that the external benchmarking of new floating rate loans by banks may bring volatility in interest rates, leading to frequent

from Business Line - Money & Banking http://bit.ly/2V7eHlY

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Govt must introduce amendments to strengthen IBC in the long run: ICRA

There is merit in the government putting in place strong deterrents – ranging from a penalty amount to debarring the resolution applicant from partici

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

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Oil keeps rupee under pressure

Currency likely to fall further in the short term

from Business Line - Money & Banking http://bit.ly/2V78Gpj

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PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

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Rate cut pass on key, will meet bank heads on Feb 21, says RBI Governor Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

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Rate cut pass on key, will meet bank heads on Feb 21, says RBI Governor Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

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Rate cut pass-on important, will meet bank heads on Feb 21, says RBI Governor Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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RBI to transfer Rs 28,000 crore to Centre as interim dividend

This is the second successive year that the Reserve Bank will be transfering an interim surplus, it added. RBI follows a July-June financial year, so the first half was over in December.

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

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PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

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RBI to pay ₹ 28,000 cr interim dividend to govt

Reserve Bank of India to pay ₹ 28,000 crore interim dividend to government.

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

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PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

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Beware of the Any Desk app, warns RBI

If you get any pop-up to download an app called ‘Any Desk’ to your mobile from Play store or App store, beware. It could be a fraud to rob you off yo

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

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Will meet bank heads on February 21 on transmission of rate cuts, says RBI governor

"Transmission of rates is very important especially after central bank announces a rate cut. It's already stated in our post MPC conference. I am having an interaction with CEOs and MDs of banks, both public and private sector, on February 21," Shaktikanta Das said.

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

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Rate cut pass on key, will meet bank heads on Feb 21, says RBI Governor Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

Read more »

RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

Read more »

PSU bank merger: Arun Jaitley says India needs mega banks, which are strong

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five associates and Bharatiya Mahila Bank with SBI in 2017, the government earlier this year approved the merger of Dena Bank and Vijaya Bank with Bank of Baroda. “With the […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DMvG5U

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HDFC Bank has no plans to cut down branch expansion: Aditya Puri

India is the fastest growing major economy in the world and banking services are yet to reach all the people, Puri added.

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

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RBI monetary policy decision on rate transmission key, will meet bank heads on Feb 21, says Shaktikanta Das

Transmission of monetary policy decision is important and the same will be discussed with the heads of public and private banks on February 21, said the Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday.

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

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No plans to cut down branch expansion: HDFC Bank chief

To give choice to customers who can transact either through mobile phone or a laptop or visit a branch

from Business Line - Money & Banking http://bit.ly/2toFAG4

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India needs fewer and mega banks: Jaitley

Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector.After the amalgamation of f

from Business Line - Money & Banking http://bit.ly/2GLVrq4

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Sensex crashes 311 points to end below 35,500-mark; Nifty at 10,641

On the BSE index, Tata Consultancy Services, Yes Bank, Reliance Industries, ITC, Sun Pharma, Coal India and Asian Paints were among the worst performers with their stocks down as much as 3.02 per cent. On NSE, except for Nifty Media and Realty, all other sub-indices finished in red by sliding as much as 1.25 per cent.

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

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India needs fewer and mega banks: Arun Jaitley

"With the experience in the past really has been of SBI merger, now it is second one which is taking place," Jaitley said.

from Banking/Finance-Industry-Economic Times https://economictimes.indiatimes.com/industry/banking/finance/banking/india-needs-fewer-and-mega-banks-arun-jaitley/articleshow/68047415.cms

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India needs fewer and mega banks: Arun Jaitley

The Union Cabinet last month approved the merger of the three banks to create the country's third-largest lender after SBI and ICICI Bank. The amalgamation, the first-ever three-way consolidation of banks in India, would be effective from April 1, 2019.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://timesofindia.indiatimes.com/business/india-business/india-needs-fewer-and-mega-banks-jaitley/articleshow/68046795.cms

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Yes Bank shares plunge over 8% post RBI censure

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

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2tq6YTY

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RBI to nudge bank chiefs on rate cut transmission

The Reserve Bank of India (RBI) will meet the chiefs of public and private sector banks on Thursday to discuss transmission of policy rate cuts throug

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

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PNB set to post annual profit just a year after India’s biggest bank fraud

State-run PNB has already surprised markets with an earlier-than-expected profit for the quarter ended Dec. 31 as it completed setting aside funds to cover for the scam and its bad loan levels eased.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2DSe7l1

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Will meet bank heads on Feb 21 on transmission of rate cut: RBI Guv

Reserve Bank Governor Shaktikanta Das on Monday said he will meet heads of public and private sector banks this week to discuss transmission of inter

from Business Line - Money & Banking http://bit.ly/2TUTbR8

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Headroom to cut rates does not exist: SBI Chairman

Kumar was responding to a query on why the bank had not cut the marginal cost of funds based lending rates.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GyrsT6

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Karnataka Bank’s new term deposit scheme

Karnataka Bank has announced the launch of a new term deposit scheme of 475 days. A press release said here that the 475-day term deposit scheme with

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

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HDFC Bank opens 5,000th branch

Private sector lender HDFC Bank opened its 5000th branch in Mumbai on Monday. “This branch was launched on the same day that it commenced operations i

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

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PSBs, govt fund to own 51% in restructured Jet Airways

Restructured Jet Airways will effectively be 51% government fund and PSU banks-owned. SBI-led lenders will convert Rs 600 crore loan into equity at Re 1, which will take their stake to 32%. National Investment and Infrastructure Fund (NIIF), an investor-owned fund manager anchored by the government of India, will pick up 19.5% and invest Rs 1,400 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DP98Bs

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Punjab National Bank in better state, but momentum is still soft – reduce holdings

Asset quality improved in Q3; FY19e EPS up 13%; an unreliable investment story; ‘Reduce’ maintained.

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

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Private equity firms vie for 10% stake in DHFL

Chairman Wadhawan plans to step down from active management after the stake sale.

from Banking/Finance-Industry-Economic Times http://bit.ly/2TTFi5L

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Punjab National Bank in better state, but momentum is still soft – reduce holdings

Asset quality improved in Q3; FY19e EPS up 13%; an unreliable investment story; ‘Reduce’ maintained.

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

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Banks continue to see tight liquidity in Q4, says survey

A majority of banks expect liquidity to remain tight in the last quarter of this fiscal despite a slight improvement in the situation, says a survey.

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

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Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IlO8rx

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Punjab National Bank in better state, but momentum is still soft – reduce holdings

Asset quality improved in Q3; FY19e EPS up 13%; an unreliable investment story; ‘Reduce’ maintained.

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

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Banks continue to see tight liquidity in Q4, says survey

A majority of banks expect liquidity to remain tight in the last quarter of this fiscal despite a slight improvement in the situation, says a survey.

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

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Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IlO8rx

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Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IlO8rx

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Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IlO8rx

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Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IlO8rx

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RBI central board to discuss interim dividend issue today

North Block likely to pitch for more rate cuts, explain position on fiscal consolidation

from Business Line - Money & Banking http://bit.ly/2V3OFjo

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Indian Bank revises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IlO8rx

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Buyout PE fund TIW plans to raise $100 m

TIW Private Equity, Ralhan said, is a sector agnostic buyout private equity fund which makes equity and equity-linked investments typically in India-based RoE positive sectors via buyouts

from Business Line - Money & Banking http://bit.ly/2S5VzCJ

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‘We want to avoid windfall gains for insurance cos’

Ayushman Bharat CEO speaks on the scheme’s performance and challenges ahead

from Business Line - Money & Banking http://bit.ly/2Xa8Ttx

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Banks expect liquidity to remain tight in Q4: Survey

The liquidity scenario remained in deficit in the third quarter of 2018-19.

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

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First time in FY19, RBI becomes net buyer of dollars in December

Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X8g6ug

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SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X9ZzFZ

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Bankers suggest measures for fast resolution of IBC cases

They call for a mechanism to reduce unwanted litigations, strict adherence to timelines under IBC

from Business Line - Money & Banking http://bit.ly/2X19I7Y

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First time in FY19, RBI becomes net buyer of dollars in December

Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X8g6ug

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SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X9ZzFZ

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First time in FY19, RBI becomes net buyer of dollars in December

Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X8g6ug

Read more »

SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X9ZzFZ

Read more »

First time in FY19, RBI becomes net buyer of dollars in December

Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X8g6ug

Read more »

SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X9ZzFZ

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Insurance Uncovered

The following are some of the frequently asked questions from Insurance Regulatory and Development Authority of India (IRDAI):What is an insurance rep

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

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Term of the week: Network hospital

  A health insurance policyholder can avail herself of cashless facility from a hospital only if the insurance company has a tie-up with that particul

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

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Now, an ombudsman for digital transactions

This scheme is for grievances relating to service given by entities other than banks

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

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HDFC Life’s Cancer Care plan: A goodback-up choice

Cancer Care has closed a few old gaps, but indemnity plans still give better benefits

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

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Five things to watch out for today

Finance Minister Arun Jaitley is scheduled to address the customary post-Budget meeting of the central board of the Reserve Bank on Monday. He would h

from Business Line - Money & Banking http://bit.ly/2BB7yms

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Indian Bank raises interest rates on term deposits

Public sector Indian Bank has revised interest rates on domestic term deposits with immediate effect. Indian Bank announced upward revision in intere

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

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SBI takes work-life balance to a new high

Over 350 trained staff are reaching out to every employee in the `New Path’ programme

from Business Line - Money & Banking http://bit.ly/2S7RnT2

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SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X9ZzFZ

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Razorpay to scale up banking product in next two years, says co-founder Mathur

Razorpay, the country's first converged payments solution company, will focus on scaling up its business banking product (Razorpay X) in the next two

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

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SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X9ZzFZ

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Jaitley to address RBI board on Monday

Finance Minister Arun Jaitley is scheduled to address the customary post-Budget meeting of the central board of the Reserve Bank on Monday and highli

from Business Line - Money & Banking http://bit.ly/2TRKhE0

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For the first time in FY19, RBI becomes net buyer of dollars in Dec

The Reserve Bank turned a net buyer of dollars in December, the first time in the current fiscal year, as it purchased $607 million of the greenback

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

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First time in FY19, RBI becomes net buyer of dollars in Dec

As against this, in December 2017, the RBI was a net buyer of $ 5.647 billion, after it bought $ 6.008 billion from the market and sold $ 361 million. Between April and November 2108, the central bank had net sold $ 26.51 billion in the spot market against net purchase of $ 18.017 billion in the same period in 2017

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DK9ucE

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SBI takes work-life balance to a new high cutting mechanical lives in the bud

The programme, christened Nayi Disha, also involves the immediate family members of the staff.

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

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SBI takes work-life balance to a new high cutting mechanical lives in the bud

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X9ZzFZ

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Liquidity issues, Aadhaar ban roil NBFCs, micro-credit plunge 15 pc in Q3

Disbursements stood at Rs 41,840 crore for the third quarter of the current fiscal year, down from Rs 49,450 crore in the preceding three months.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IhsRz6

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View: India's sleepwalking to trouble on builder debt

Predicting the bursting of China’s bubble is a global pastime now. But the risks building up in India can no longer be ignored.

from Banking/Finance-Industry-Economic Times http://bit.ly/2BEOC6a

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