RBI imposes penalties on IDBI, Dena Bank

In a filing to the BSE, Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions issued on February 20, 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C0HB...

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RBI imposes penalties on IDBI, Dena Bank

In a filing to the BSE, Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions issued on February 20, 2018. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C0HB...

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RBI imposes penalties on IDBI, Dena Bank

In a filing to the BSE, Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions issued on February 20, 2018. from Banking/Finance-Industry-Economic Times https://ift.tt/2IKKJ...

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Non-compliance issue: RBI imposes fine on Dena Bank, Central Bank

RBI has imposed a monetary penalty of ₹ 2 crore on Dena Bank and ₹1 crore on Central Bank of India. Dena Bank on Saturday said the Reserve Bank of Ind from Business Line - Money & Banking https://ift.tt/2Vy3p...

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ICICI Bank-Vodafone case: Chanda Kochhar, husband Deepak appear before ED

ED conducted raids in at least five office and residential premises of Chanda Kochhar and Venugopal Dhoot in Mumbai and a few other locations on Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T7bI...

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Central Bank puts Rs 3,300 cr NPA on auction

Except Bombay Rayon, Alok Industries, Bhushan Steel & Power and Essar Steel are currently under NCLT process. from Banking/Finance-Industry-Economic Times https://ift.tt/2TcGT...

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ICICI-Videocon case: Chanda Kochhar, husband appear before ED

Former ICICI Bank CEO Chanda Kochhar and husband Deepak Kochhar appeared before the Enforcement Directorate here on Saturday in connection with a mon from Business Line - Money & Banking https://ift.tt/2GTqx...

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ICICI Bank-Vodafone case: Chanda Kochhar, husband Deepak appear before ED

ED conducted raids in at least five office and residential premises of Chanda Kochhar and Venugopal Dhoot in Mumbai and a few other locations on Friday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T7bI...

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Liquidity for HFCS: NHB disburses Rs 1,161 crore in just 9 days

Of this, rollover/redemption is expected to be around Rs 1-1.2 lakh crore in March alone. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T8oH...

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ICICI-Videocon case: Chanda Kochhar, husband appear before ED in Mumbai

The ED registered a criminal case under the PMLA early this year against Chanda Kochhar, Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875 crore loans by ICICI Bank to the corporate group. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Halr...

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ED summons Chanda, Deepak Kochhar and VN Dhoot in ICICI-Videocon loan case

This is in connection with the money laundering case probed by the central agency. from Banking/Finance-Industry-Economic Times https://ift.tt/2IVyY...

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What happens when the old guard of Indian banking leaves

The MD/CEO positions of several private banks will come up for renewal over the next few years. from Banking/Finance-Industry-Economic Times https://ift.tt/2EHUy...

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NCLT rejects Deccan Value Investors’ plea against resolution professional of metalyst forgings

NCLT called the plea “malafide” and meant to intentionally delay the approval of its resolution plan by the tribunal. from Banking/Finance-Industry-Economic Times https://ift.tt/2XxQU...

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Blackstone, Salarpuria in talks to jointly buy Rs 2,700-crore tech park

The tech park is spread over 120 acres in Bengaluru. The firm is into development of technology parks in Bengaluru and Mangaluru. from Banking/Finance-Industry-Economic Times https://ift.tt/2Vyof...

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Bank credit to NBFC’s grow 48.3 percent

The RBI had eased the norms on risk weighted exposure for NBFCs on February 22. Earlier, NBFCs had to be uniformly risk-weighted at 100%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Uf0s...

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Bank credit to NBFC’s grow 48.3 percent

The RBI had eased the norms on risk weighted exposure for NBFCs on February 22. Earlier, NBFCs had to be uniformly risk-weighted at 100%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Uf0s...

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Bank credit to NBFC’s grow 48.3 percent

The RBI had eased the norms on risk weighted exposure for NBFCs on February 22. Earlier, NBFCs had to be uniformly risk-weighted at 100%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Uf0s...

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Government appoints Hasmukh Adhia as chairman of Bank of Baroda

"Shri #Hasmukh Adhia, former Finance Secretary appointed non-executive Chairman of Bank of Baroda. Bank poised to leverage benefits of synergy and scale with stronger pan-India presence," Financial Services Secretary Rajiv Kumar said in a tweet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BZkB...

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PSBloansin59minutes.com becomes largest fintech lending platform: Report

The platform designed under the guidance of Financial Services Secretary Rajiv Kumar has reduced the turnaround time from 20-25 days to 59 minutes. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2UfHb...

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Ravneet Gill takes charge as new Yes Bank head, succeeds Rana Kapoor

The Reserve Bank has not publicly spelled out reasons for curtailing Kapoor's term by over two years last September. The bank's the board had unsuccessfully sought an extension till September 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C1s3...

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Government appoints Hasmukh Adhia as chairman of Bank of Baroda

"Shri #Hasmukh Adhia, former Finance Secretary appointed non-executive Chairman of Bank of Baroda. Bank poised to leverage benefits of synergy and scale with stronger pan-India presence," Financial Services Secretary Rajiv Kumar said in a tweet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BZkB...

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PSBloansin59minutes.com becomes largest fintech lending platform: Report

The platform designed under the guidance of Financial Services Secretary Rajiv Kumar has reduced the turnaround time from 20-25 days to 59 minutes. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2UfHb...

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Ravneet Gill takes charge as new Yes Bank head, succeeds Rana Kapoor

The Reserve Bank has not publicly spelled out reasons for curtailing Kapoor's term by over two years last September. The bank's the board had unsuccessfully sought an extension till September 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C1s3...

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Government appoints Hasmukh Adhia as chairman of Bank of Baroda

"Shri #Hasmukh Adhia, former Finance Secretary appointed non-executive Chairman of Bank of Baroda. Bank poised to leverage benefits of synergy and scale with stronger pan-India presence," Financial Services Secretary Rajiv Kumar said in a tweet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BZkB...

Read more »

PSBloansin59minutes.com becomes largest fintech lending platform: Report

The platform designed under the guidance of Financial Services Secretary Rajiv Kumar has reduced the turnaround time from 20-25 days to 59 minutes. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2UfHb...

Read more »

Ravneet Gill takes charge as new Yes Bank head, succeeds Rana Kapoor

The Reserve Bank has not publicly spelled out reasons for curtailing Kapoor's term by over two years last September. The bank's the board had unsuccessfully sought an extension till September 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C1s3...

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Government appoints Hasmukh Adhia as chairman of Bank of Baroda

"Shri #Hasmukh Adhia, former Finance Secretary appointed non-executive Chairman of Bank of Baroda. Bank poised to leverage benefits of synergy and scale with stronger pan-India presence," Financial Services Secretary Rajiv Kumar said in a tweet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BZkB...

Read more »

PSBloansin59minutes.com becomes largest fintech lending platform: Report

The platform designed under the guidance of Financial Services Secretary Rajiv Kumar has reduced the turnaround time from 20-25 days to 59 minutes. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2UfHb...

Read more »

Ravneet Gill takes charge as new Yes Bank head, succeeds Rana Kapoor

The Reserve Bank has not publicly spelled out reasons for curtailing Kapoor's term by over two years last September. The bank's the board had unsuccessfully sought an extension till September 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C1s3...

Read more »

Government appoints Hasmukh Adhia as chairman of Bank of Baroda

"Shri #Hasmukh Adhia, former Finance Secretary appointed non-executive Chairman of Bank of Baroda. Bank poised to leverage benefits of synergy and scale with stronger pan-India presence," Financial Services Secretary Rajiv Kumar said in a tweet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BZkB...

Read more »

PSBloansin59minutes.com becomes largest fintech lending platform: Report

The platform designed under the guidance of Financial Services Secretary Rajiv Kumar has reduced the turnaround time from 20-25 days to 59 minutes. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2UfHb...

Read more »

Ravneet Gill takes charge as new Yes Bank head, succeeds Rana Kapoor

The Reserve Bank has not publicly spelled out reasons for curtailing Kapoor's term by over two years last September. The bank's the board had unsuccessfully sought an extension till September 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2C1s3...

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Failure to repay a loan is not a criminal offence unless there is fraudulent intent: SC

In a significant ruling, the Supreme Court has held that failure to repay a loan is not a criminal offence unless there is a fraudulent intent.The ru from Business Line - Money & Banking https://ift.tt/2EmNc...

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PSBloansin59minutes.com becomes largest fintech lending platform: Report

The portal was launched in November to provide credit of up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in just 59 minutes. from Banking/Finance-Industry-Economic Times https://ift.tt/2EsGs...

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Exim Bank eyes 10% growth in business at ₹1 lakh cr in FY19

The Export-Import Bank of India (Exim Bank) is expecting a 10 per cent growth in business this fiscal.According to David Rasquinha, Managing Director, from Business Line - Money & Banking https://ift.tt/2GYhA...

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Nabard to back green project

The National Bank for Agriculture and Rural Development (Nabard), in its capacity as Direct Access Accredited Entity of Green Climate Fund (GCF), sai from Business Line - Money & Banking https://ift.tt/2NFod...

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IBC brings down NPAs, says top Govt official

There has been a reduction in the addition of fresh NPAs over the last two years due to the implementation of the Insolvency and Bankruptcy Code (IBC from Business Line - Money & Banking https://ift.tt/2GT7u...

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IOB bags EASE Awards in 2 categories

Indian Overseas Bank (IOB) has announced that it has won the Enhanced Access & Service Excellence (EASE) Awards in two out of eight categories. Th from Business Line - Money & Banking https://ift.tt/2NFo8...

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Will rise in claims bump up insurance premium under Ayushman Bharat?

The current tender with United India Insurance, at a premium of ₹699, comes up for renewal in 2022 from Business Line - Money & Banking https://ift.tt/2GSyP...

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Govt appoints former Finance Secy Hasmukh Adhia as chairman of Bank of Baroda

Bank of Baroda is set to become the third largest lender of the country after amalgamation with Vijaya Bank and Dena Bank effective April 1. from Banking/Finance-Industry-Economic Times https://ift.tt/2UaIW...

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How PNB recovered from biggest bank fraud to top spot in ‘reform agenda’ in just 9 months

Punjab National Bank (PNB), even after being hit by the Rs 12,000-crore fraud, has been able to recover swiftly, securing first rank with a score of 78.4 out of 100 in the EASE Reforms Index, said the BCG-IBA report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SA0K...

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Now, pay traffic challan using Paytm in Delhi NCR; check other cities too where you can use this service

Calling it a big relief to both Paytm customers as well as the respective authorities, the company added that the move will save considerable time and effort of users. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Tj1U...

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ED searches Chanda Kochhar, Venugopal Dhoot residences in ICICI Bank-Videocon loan case

In connection with the Videocon loan case, the Enforcement Directorate (ED) has conducted searches at premises of Chanda Kochhar and Venugopal Dhoot, PTI reported officials as saying. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XvZM...

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How Investment Advisory Pros at Purnartha pick companies worth investing in?

Acquiring or generating wealth is a consistent and ongoing process. With little, you make more money and with more money and little risk, you accumulate more... from Banking/Finance-Industry-Economic Times https://ift.tt/2TkOB...

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How PNB recovered from biggest bank fraud to top spot in ‘reform agenda’ in just 9 months

Punjab National Bank (PNB), even after being hit by the Rs 12,000-crore fraud, has been able to recover swiftly, securing first rank with a score of 78.4 out of 100 in the EASE Reforms Index, said the BCG-IBA report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SA0K...

Read more »

Now, pay traffic challan using Paytm in Delhi NCR; check other cities too where you can use this service

Calling it a big relief to both Paytm customers as well as the respective authorities, the company added that the move will save considerable time and effort of users. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Tj1U...

Read more »

ED searches Chanda Kochhar, Venugopal Dhoot residences in ICICI Bank-Videocon loan case

In connection with the Videocon loan case, the Enforcement Directorate (ED) has conducted searches at premises of Chanda Kochhar and Venugopal Dhoot, PTI reported officials as saying. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XvZM...

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Ravneet Gill takes charge as Yes Bank MD, CEO

Yes Bank on Friday said Ravneet Gill has taken charge as its MD and CEO with immediate effect for a tenure of three years. “Ravneet Gill has joined Y from Business Line - Money & Banking https://ift.tt/2GU0g...

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How PNB recovered from biggest bank fraud to top spot in ‘reform agenda’ in just 9 months

Punjab National Bank (PNB), even after being hit by the Rs 12,000-crore fraud, has been able to recover swiftly, securing first rank with a score of 78.4 out of 100 in the EASE Reforms Index, said the BCG-IBA report. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SA0K...

Read more »

Now, pay traffic challan using Paytm in Delhi NCR; check other cities too where you can use this service

Calling it a big relief to both Paytm customers as well as the respective authorities, the company added that the move will save considerable time and effort of users. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Tj1U...

Read more »

ED searches Chanda Kochhar, Venugopal Dhoot residences in ICICI Bank-Videocon loan case

In connection with the Videocon loan case, the Enforcement Directorate (ED) has conducted searches at premises of Chanda Kochhar and Venugopal Dhoot, PTI reported officials as saying. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XvZM...

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Over Rs 2 lakh crore bad loans settled, says government official

The recovery rate then was around 25 to 26 per cent. In the last two years, this has changed. from Banking/Finance-Industry-Economic Times https://ift.tt/2Elli...

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Ravneet Gill takes charge as Yes Bank MD, CEO

The appointment of Gill, will be subject to approval of shareholders' at the ensuing annual general meeting of the Bank to be held in June, 2019. from Banking/Finance-Industry-Economic Times https://ift.tt/2Xv3A...

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ICICI Bank-Videocon case: ED raids Chanda Kochhar, Venugopal Dhoot's premises

The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) earlier this month against Kochhar, her husband Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning of Rs 1,875-crore loans by the ICICI bank to the corporate group. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2tGLQ...

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ICICI-Videocon case: ED searches office, residential premises of Chanda Kochhar, Dhoot

The ED’s PMLA case was filed after taking cognisance of a CBI complaint lodged in the matter last month from Business Line - Money & Banking https://ift.tt/2GSAZ...

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Cheaper loans: PNB cuts rates by 10 bps, Kotak Mahindra Bank trims rates by 5 bps

Banks review their MCLRs every month and revise them if there is a change in their cost of funds from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NywO...

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Ex-Deutsche Bank veteran takes on 'bad boy' of Indian banking

The change of guard at Yes Bank brings the curtain down on one of the more colorful chapters in Indian finance. from Banking/Finance-Industry-Economic Times https://ift.tt/2NBH4...

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Punjab National Bank cuts MCLRs by 10 bps, Kotak Mahindra Bank trims rates by 5 bps

Banks review their MCLRs every month and revise them if there is a change in their cost of funds from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NywO...

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Government to create globally competitive large lenders via mergers: FM Arun Jaitley

FM Jaitley said the government lived up to its promise of continuing to fund banks in terms of capital. from Banking/Finance-Industry-Economic Times https://ift.tt/2EmUt...

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Punjab National Bank cuts MCLRs by 10 bps, Kotak Mahindra Bank trims rates by 5 bps

Banks review their MCLRs every month and revise them if there is a change in their cost of funds from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NywO...

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Punjab National Bank cuts MCLRs by 10 bps, Kotak Mahindra Bank trims rates by 5 bps

Banks review their MCLRs every month and revise them if there is a change in their cost of funds from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NywO...

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PSU bank merger to create globally competitive, healthy large banks: Arun Jaitley

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2VoQR...

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PSU bank merger to create globally competitive, healthy large banks: Arun Jaitley

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2VoQR...

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PSU bank merger to create globally competitive, healthy large banks: Arun Jaitley

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2VoQR...

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PSU bank merger to create globally competitive, healthy large banks: Arun Jaitley

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2VoQR...

Read more »

PSU bank merger to create globally competitive, healthy large banks: Arun Jaitley

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2VoQR...

Read more »

PSU bank merger to create globally competitive, healthy large banks: Arun Jaitley

The minister said the non-performing assets (NPAs) or bad loans had initially gone up because of truthful disclosure requirements which ensured that there was no sweeping of bad loans under the carpet. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2VoQR...

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Canara Bank loan for Bank of India, Union Bank employees

Regulations do not allow banks to offer loans to their own employees for purchasing shares under ESPS. from Banking/Finance-Industry-Economic Times https://ift.tt/2tM86...

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Now, a policy to protect bank locker

The policy offers a cover against risks including fire, earthquake, burglary, holdup or any act of terrorism. from Banking/Finance-Industry-Economic Times https://ift.tt/2TkPJ...

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Jaitley hopes more banks will exit RBI's PCA framework with govt funding support

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

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Scam-hit PNB comes first in executing ‘reforms agenda’

Fraud-hit Punjab National Bank has been ranked first among public sector banks in the implementation of ‘reforms agenda’, followed by Bank of Baroda a from Business Line - Money & Banking https://ift.tt/2XqrL...

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Job loss hits sale of policies, livelihood: LIC agents

A setback to the economy, combined with job losses and adverse changes in ESI/EPF rules, have rubbed lakhs of LIC agents on the wrong side, turning th from Business Line - Money & Banking https://ift.tt/2Szaw...

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Chanda Kochhar explores options for ‘legal recourse’

After termination from ICICI Bank, former CEO meets lawyers for a second opinion from Business Line - Money & Banking https://ift.tt/2Tk0U...

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HDFC Bank plans to acquire 9% stake inCSE E-Governance Services for ₹14 .6 cr

Private sector lender HDFC Bank will buy a 9.11 per cent stake in CSC E-Governance Services. The acquisition, for ₹14.62 crore, which HDFC Bank termed from Business Line - Money & Banking https://ift.tt/2IHnh...

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RBI, Bank of Japan completes signing of USD 75 bn currency swap pact

The RBI and Bank of Japan have completed signing of the bilateral currency swap agreement for USD 75 billion that will help in bringing greater stabi from Business Line - Money & Banking https://ift.tt/2IIrd...

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RBI forms task force on offshore rupee markets

The RBI on Thursday announced a task force headed by its former deputy governor Usha Thorat to examine issues related to offshore rupee markets and r from Business Line - Money & Banking https://ift.tt/2XvJU...

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Kotak Bank lowers lending rate by 5 bps

Kotak Mahindra Bank on Thursday became the first private sector lender to lower its lending rate by a marginal 5 basis points, following the 25 bps r from Business Line - Money & Banking https://ift.tt/2EAME...

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Bank credit grows 14.35%, deposits rise 10.15%

Bank credit grew 14.35 per cent to ₹ 94.03 lakh crore while deposits rose 10.16 per cent to ₹121.21 lakh crore in the fortnight to February 15, accor from Business Line - Money & Banking https://ift.tt/2GOt6...

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Jaitley reveals secret sauce behind IBC success

Govt not interfering in CoC decisions aided in success of IBC process, says Finance Minister from Business Line - Money & Banking https://ift.tt/2Nwgw...

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Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: Study

PNB has shown "strong performance" in the parameters like customer responsiveness, responsible banking, credit off-take and financial inclusion. from Banking/Finance-Industry-Economic Times https://ift.tt/2Hdeh...

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Iran gets a little sweet relief from oil-money headache in India

Iran is struggling to spend the rupees it’s made from oil sales to India that are sitting in the south Asian nation’s banks. Meanwhile, sugar stockpiles are stacking up in India after a bumper crop. Now the two have struck a deal that eases each other’s woes -- albeit only to some extent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SBkm...

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Govt keen on amalgamation of PSBs to create globally competitive, healthy large banks: Arun Jaitley

Finance minister Arun Jaitley said the NPA situation of PSU banks has improved in the last 2-3 quarters. from Banking/Finance-Industry-Economic Times https://ift.tt/2Xte1...

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L&T Finance to raise upto Rs 1500 crore through secured NCDs

The proceeds raise through the means of NCDs will be used for onward lending, financing, refinancing the existing indebtedness of the company from Business Line - Money & Banking https://ift.tt/2T7IA...

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Clean Banking is new normal, says DFS Secy Kumar

‘System has been rebooted with transformational reforms over last two years’ from Business Line - Money & Banking https://ift.tt/2Ek43...

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Link PAN with bank for refunds: I-T to taxpayers

The department said refunds will be sent to bank accounts as it will issue "only e-refunds from March 1, 2019." Link your PAN (permanent account number) with your bank account to get your refund directly, swiftly and securely, the department said in a public advisory issued Wednesday. It added the bank account could be either savings, current, cash or overdraft. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2tJZt...

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ICICI Bank introduces super-premium credit card Emeralde

Annual benefits estimated to be around Rs 3 lakh from Business Line - Money & Banking https://ift.tt/2BV6w...

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Creditors on RCom dues: Co can’t use tax refunds

A two-member bench of the NCLAT headed by Justice S J Mukhopadhaya has directed the financial creditors of the company, including the State Bank of India, to file their reply on the issue by March 8. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NyfT...

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IL&FS sees management collusion, fraud in IFIN’s bad loans

This is after discovering large-scale irregularities, which includes ever-greening of loans and funds being routed to entities that are ineligible to borrow. from Banking/Finance-Industry-Economic Times https://ift.tt/2GOsI...

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Bank of Baroda puts NPAs worth Rs 6,000 crore on sale, including RCom debt

BoB has been trying to sell off some of the accounts on the list for much of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T4zc...

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Allahabad Bank to cut lending rates by 10 bps across tenures from March 1

The central bank on Tuesday decided to remove Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the list of banks placed under its PCA framework. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EfQS...

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RBI grants Pune’s Rupee Cooperative Bank another 3-month extension

The bank was put under directions by the Reserve Bank of India (RBI) over its deteriorating financial health in February 2013. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T3E4...

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Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

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Bank of Baroda puts NPAs worth Rs 6,000 crore on sale, including RCom debt

BoB has been trying to sell off some of the accounts on the list for much of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T4zc...

Read more »

Allahabad Bank to cut lending rates by 10 bps across tenures from March 1

The central bank on Tuesday decided to remove Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the list of banks placed under its PCA framework. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EfQS...

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RBI grants Pune’s Rupee Cooperative Bank another 3-month extension

The bank was put under directions by the Reserve Bank of India (RBI) over its deteriorating financial health in February 2013. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T3E4...

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Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

Read more »

Bank of Baroda puts NPAs worth Rs 6,000 crore on sale, including RCom debt

BoB has been trying to sell off some of the accounts on the list for much of the current financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T4zc...

Read more »

Allahabad Bank to cut lending rates by 10 bps across tenures from March 1

The central bank on Tuesday decided to remove Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the list of banks placed under its PCA framework. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EfQS...

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RBI grants Pune’s Rupee Cooperative Bank another 3-month extension

The bank was put under directions by the Reserve Bank of India (RBI) over its deteriorating financial health in February 2013. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T3E4...

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Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

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Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

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Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

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SBI has found fraud worth Rs 7,951.3cr in April-December: RTI reply

The second quarter saw 660 cases involving an Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SqXa...

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SBI has found fraud worth Rs 7,951.3cr in April-December: RTI reply

The second quarter saw 660 cases involving an Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SqXa...

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Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

Read more »

Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

Read more »

SBI has found fraud worth Rs 7,951.3cr in April-December: RTI reply

The second quarter saw 660 cases involving an Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SqXa...

Read more »

Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

Read more »

Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

Read more »

SBI has found fraud worth Rs 7,951.3cr in April-December: RTI reply

The second quarter saw 660 cases involving an Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SqXa...

Read more »

Face recognition for e-KYC: What payments industry wants from RBI after Aadhaar ban

The financial sector does not use facial recognition technologies anywhere in the world to check customer credentials and also to meet basic KYC norms. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HabZ...

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Punjab National Bank to cut lending rates by 10 bps from 1 March

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GP3L...

Read more »

SBI has found fraud worth Rs 7,951.3cr in April-December: RTI reply

The second quarter saw 660 cases involving an Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SqXa...

Read more »

Face recognition for e-KYC: What payments industry wants from RBI after Aadhaar ban

The financial sector does not use facial recognition technologies anywhere in the world to check customer credentials and also to meet basic KYC norms. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HabZ...

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PNB cuts MCLR rates by 10 bps from March 1

There is a reduction in the marginal cost of funds based lending rate (MCLR) with effect from March 1, 2019, PNB said in a regulatory filing. from Banking/Finance-Industry-Economic Times https://ift.tt/2XtCT...

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‘Lack of reminders and forgetfulness leading to lapsing of motor policies’

When it comes to renewing car insurance policies, it seems that absentmindedness and sheer forgetfulness are the main culprits for policies getting la from Business Line - Money & Banking https://ift.tt/2IGat...

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Insurers to meet next week to discuss design and pricing of uniform health-cover product

General insurance companies are set to meet next week to discuss the proposed guidelines on standardisation of individual health insurance that makes from Business Line - Money & Banking https://ift.tt/2Ti7E...

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PNB board gives nod to Centre’s ₹5,908-crore capital infusion

Funds to be pumped in via preferential allotment of equity shares from Business Line - Money & Banking https://ift.tt/2TkDB...

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Bank of Baroda to sell NPAs to raise ₹5,929 crore

State-owned Bank of Baroda (BoB) plans to sell a series of non-performing assets (NPAs) totalling ₹5,929 crore, including ₹1,839 crore owed by debt- from Business Line - Money & Banking https://ift.tt/2IEWN...

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IDBI Bank, LIC ink bancassurance pact

The lender will now have to offer LIC’s insurance products at its branches from Business Line - Money & Banking https://ift.tt/2ThZS...

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Face recognition for e-KYC: What payments industry wants from RBI after Aadhaar ban

The financial sector does not use facial recognition technologies anywhere in the world to check customer credentials and also to meet basic KYC norms. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HabZ...

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SBI has found fraud worth Rs 7,951.3 crore in Apr-Dec: RTI reply

In an RTI reply, SBI said it has found fraud worth Rs 7,951.29 crore in first nine months of this fiscal year. from Banking/Finance-Industry-Economic Times https://ift.tt/2Nv21...

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DCB Bank launches Open Banking for gen-next banking solutions

DCB Bank on Wednesday announced the launch of its Open Banking Platform as part of efforts towards creating a collaborative ecosystem with enterprises from Business Line - Money & Banking https://ift.tt/2BYYx...

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GST cut to boost sales of under-construction flats; no ITC may hit builders’ profit margin: Moody’s

The reduction in GST rate on affordable housing is in line with the government’s increased focus on this segment, Moody’s said. from Business Line - Money & Banking https://ift.tt/2XnwF...

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Corporation Bank, Allahabad Bank out of PCA framework

Based on the principles adopted by the BFS in its earlier meeting on January 31, it was decided in the meeting held on Tuesday that Allahabad Bank and Corporation Bank be taken out of the PCA framework, subject to certain conditions and continuous monitoring. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2tCGE...

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Rating action: DHFL’s debt downgraded by Icra

The lender’s total borrowings, including deposits, loans from NHB, banks and the debt markets, stood at Rs 1 lakh crore at the end of March, 2018, according to a company presentation. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Xsd6...

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Under scanner! Finance ministry asks PSBs to submit asset sale details to ARCs

There are several factors which determine the possible realisation from bad assets, such as the scope of revival, value of securities, risks of litigation and timelines of resolution etc. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2H1XR...

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PSB recap plan insufficient to support lending growth: Fitch

The Indian government's recent announcement that it will soon inject $7 billion into state-owned banks under its recapitalisation plan is likely to he from Business Line - Money & Banking https://ift.tt/2ICaG...

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The debt rally may arrive in the second-half : Expert

RBI’s chief, Shaktikanta Das, has flagged growth concerns and kept the door open for more rate cuts after a surprise reduction this month from Business Line - Money & Banking https://ift.tt/2NxCR...

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3 more banks exit RBI’s framework curbing loans

The PCA framework is designed to keep a check on the asset quality of weak banks by preventing them from lending until they improve financial parameters like capital adequacy and the ratio of bad loans to total loans. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2EhQ7...

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Allahabad Bank, 2 others rise after RBI takes them off PCA list

RBI had imposed lending curbs on 11 state banks over last few years after their capital ratios fell below minimum requirements and bad loans surged from Business Line - Money & Banking https://ift.tt/2tGLi...

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Sensex rises over 250 points a day after IAF air strike on Pak

On the BSE index, Sun Pharma, Yes Bank, Bajaj Auto, Mahindra & Mahindra, Asian Paints and Tata Motors were among the major gainers with their stocks rising as much as 2.86 per cent. On NSE, except for Nifty IT, all other sub-indices were trading in green with Nifty Auto and Pharma leading the pack by climbing as much as 1.37 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NuVr...

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In deposit war, private sector banks win hands down

Private sector banks rates were 8 to 10 basis points lower to public sector banks between January and April 2017 and have since turned the other way. from Banking/Finance-Industry-Economic Times https://ift.tt/2Te0a...

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Will take steps to curb frivolous bids for IL&FS assets: Injeti Srinivas, Corporate affairs secretary

Srinivas also said New Delhi would soon take steps to discourage people from making frivolous bids and then backing out. from Banking/Finance-Industry-Economic Times https://ift.tt/2BTbi...

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RBI moves Corporation Bank and Allahabad Bank out of PCA framework

Based on the principles adopted by the BFS in its earlier meeting on January 31, it was decided in the meeting held on Tuesday that Allahabad Bank and Corporation Bank be taken out of the PCA framework, subject to certain conditions and continuous monitoring. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2tCGE...

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Rating action: DHFL’s debt downgraded by Icra

The lender’s total borrowings, including deposits, loans from NHB, banks and the debt markets, stood at Rs 1 lakh crore at the end of March, 2018, according to a company presentation. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Xsd6...

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Under scanner! Finance ministry asks PSBs to submit asset sale details to ARCs

There are several factors which determine the possible realisation from bad assets, such as the scope of revival, value of securities, risks of litigation and timelines of resolution etc. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2H1XR...

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Merger of regional rural banks within same state likely

At present, the Centre holds 50% stake in RRBs, while 35% and 15% are with the sponsor banks and state governments, respectively. from Banking/Finance-Industry-Economic Times https://ift.tt/2BVL8...

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RBI proposes 50% variable pay for private bank chiefs

Also recommends variable pay be capped at 200% of fixed pay, employee stock option plans must be a component from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Stqi...

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Bank of India issues new shares for capital infusion

The Bank of India board approved the issuance of fresh shares to the government at Rs 89.60/share through preferential issue in respect of share application money, which was received after the required approvals, the bank said in a regulatory filing. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Xs1P...

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Crisil revises ratings on different bonds of United Bank of India

The Kolkata-based bank reported a Rs 1139.25 crore net loss for the December quarter this fiscal from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2StJe...

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2 more PSU banks out of RBI’s PCA watch; one private bank also finds its way out

Of these banks, Allahabad Bank and Corporation Bank had received Rs 6,896 crore and Rs 9,086 crore, respectively. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TjYv...

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PSU, private bank CEO salaries may be curbed; RBI proposes money clawback

High pay packets and excessive risk-taking ways in the banking industry have been under the scanner ever since the global financial crisis of 2008. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IDKh...

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2 more PSU banks out of RBI’s PCA watch; one private bank also finds its way out

Of these banks, Allahabad Bank and Corporation Bank had received Rs 6,896 crore and Rs 9,086 crore, respectively. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TjYv...

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PSU, private bank CEO salaries may be curbed; RBI proposes money clawback

High pay packets and excessive risk-taking ways in the banking industry have been under the scanner ever since the global financial crisis of 2008. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IDKh...

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2 more PSU banks out of RBI’s PCA watch; one private bank also finds its way out

Of these banks, Allahabad Bank and Corporation Bank had received Rs 6,896 crore and Rs 9,086 crore, respectively. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TjYv...

Read more »

PSU, private bank CEO salaries may be curbed; RBI proposes money clawback

High pay packets and excessive risk-taking ways in the banking industry have been under the scanner ever since the global financial crisis of 2008. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2IDKh...

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SBI to hold ‘urgent’ meeting today with Jet, Etihad, other lenders

In a bid to resolve various issues between Jet Airways, Etihad Airways and lenders, State Bank of India has called for an urgent meeting on Wednesday from Business Line - Money & Banking https://ift.tt/2BTK1...

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Mustard crop seen up 19% on higher yield

The country’s rapeseed-mustard crop is likely to provisionally increase 19 per cent to 85 lakh tonnes (lt) for 2018-19 on improved acreage and higher from Business Line - Money & Banking https://ift.tt/2H4fd...

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Allahabad Bank, Corp Bank, Dhanlaxmi Bank out of RBI’s weak-bank watch

The RBI on Tuesday lifted lending curbs on two more public sector banks (PSBs), Allahabad Bank and Corporation Bank, by removing them from its weak-b from Business Line - Money & Banking https://ift.tt/2UalN...

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True North to take controlling stake in Max Bupa from Max India for ₹511 cr

All-cash transaction values Max Bupa at ₹1,001 crore from Business Line - Money & Banking https://ift.tt/2BSqw...

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With $22 b gone, India’s NBFCs to face darker days

As key engines of loan growth in the world’s fastest-expanding major economy, they once were investor favourites. But now traders won’t go near India’ from Business Line - Money & Banking https://ift.tt/2IEql...

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A smooth sailing for Ayushman Bharat scheme in TN

Back-end system, processes under the State’s earlier health scheme, makes integration easy, but tackling cases from other States a key challenge from Business Line - Money & Banking https://ift.tt/2Tj4G...

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Corp Bank, Allahabad Bank, Dhanlaxmi Bank out of PCA

The Reserve Bank of India seems inclined to bring more banks out of its restrictive prompt corrective action (PCA) framework. On Tuesday, the central from Business Line - Money & Banking https://ift.tt/2H3L9...

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Syndicate Bank to offer shares to employees at discounted rates

Public sector lender Syndicate Bank has proposed to launch Employee Share Purchase Scheme (ESPS) in the first week of March at discounted rates. Disco from Business Line - Money & Banking https://ift.tt/2tF7i...

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Assocham awards for KVG Bank

The Associated Chambers of Commerce and Industry of India (Assocham) has presented four awards to Dharwad-headquartered Karnataka Vikas Grameen Bank from Business Line - Money & Banking https://ift.tt/2BQ7x...

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RBI to issue new ₹100 bank note

The Reserve Bank of India, on Tuesday, said it would shortly put into circulation ₹100 denomination bank notes in the new series, bearing the signatu from Business Line - Money & Banking https://ift.tt/2U5eW...

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RBI to infuse ₹12,500 cr through OMO on Thursday

The Reserve Bank of India (RBI) on Tuesday said it would infuse ₹ 12,500 crore into the system through open market operations. The RBI said it has de from Business Line - Money & Banking https://ift.tt/2IF78...

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IBC to play significant role in India becoming $ 10 trillion economy, says MCA

Insolvency and Bankruptcy code (IBC) will play a significant role in India realising its dream of evolving into a $ 10 trillion economy in foreseeable from Business Line - Money & Banking https://ift.tt/2TcK8...

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Syndicate Bank to bring down NPA in the current year

The bank chairman and CEO Mrutyunjay Mahapatra said the bank has made a profit in the third quarter after loss in the previous quarters of FY 19. from Banking/Finance-Industry-Economic Times https://ift.tt/2U91o...

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True North buys 51% stake in Max Bupa from Max India for Rs 510.51 crore

The stake has been sold either directly or through its affiliates, the company said. from Banking/Finance-Industry-Economic Times https://ift.tt/2TfCN...

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RBI to soon put into circulation Rs 100 bank notes in new series

The RBI will shortly issue Rs 100 denomination bank notes in Mahatma Gandhi (new) series bearing the signature of Das, the central bank said in a release. from Banking/Finance-Industry-Economic Times https://ift.tt/2BXd0...

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Kotak Mahindra Bank raises foreign investment limit

The hike in the shareholding limit comes as the private-sector lender grapples with a central bank directive on reducing its Chief Executive Uday Kotak's stake in the bank. from Banking/Finance-Industry-Economic Times https://ift.tt/2TgbS...

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RBI proposes variable pay for top officials of private, foreign banks

As per the extant guidelines, the variable pay is capped at 70 per cent of fixed pay but did not include ESOPs. from Banking/Finance-Industry-Economic Times https://ift.tt/2H0s8...

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“Lot of headway being made in IL&FS matter”

The first phase of resolution for problems faced by IL&FS group is expected to be completed in the next few months, as a lot of headway is being from Business Line - Money & Banking https://ift.tt/2EcWQ...

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View: The intruder that undermines India's central bank

Already India has lost two RBI governors because, among other things, they dared to ask banks to acknowledge problem loans in time. from Banking/Finance-Industry-Economic Times https://ift.tt/2BTHA...

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RBI suggests major changes to top bank executives' pay structure

Banks are required to put in place appropriate modalities to incorporate malus/ clawback mechanism in respect of variable pay. from Banking/Finance-Industry-Economic Times https://ift.tt/2BNd7...

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AP allocates Rs 250 crore for Agrigold depositors

The company which started operations in 1995 collected deposits from AP mainly and also Telangana, Karnataka, Punjab, Chattisgarh and other states as well from Business Line - Money & Banking https://ift.tt/2ICvb...

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RBI revamps pay of bank CEO, directors to reflect performance

Come FY2020, private sector banks, foreign banks operating under the Wholly Owned Subsidiary (WOS) Model and foreign banks operating in India may be from Business Line - Money & Banking https://ift.tt/2tMkd...

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Sensex plunges over 350 points; Nifty below 10,800

Yes Bank, Hero MotorCorp, ICICI Bank, SBI, Tata Steel and Sun Pharma were among the major losers on BSE with their stocks sliding as much as 2.55 per cent. Out of 30, just four stocks were trading in green on the 30-share BSE index. On NSE, all sub-indices were in red with Nifty Realty and PSU Bank dipping the most, down as much as 3.07 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IA5K...

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IL&FS lenders to save Rs 10k crore in Q4 post NCLAT breather

The resolution framework put forward by IL&FS and the government has classified group companies as ‘green’, ‘amber’ and ‘red’, based on their solvency and cash flow. from Banking/Finance-Industry-Economic Times https://ift.tt/2TiqE...

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Wooing customers: PSU banks step up to wrest away mortgages from NBFCs

BoB links its home loan rate to its one-year marginal cost of funding based lending rate (MCLR) which is currently at 8.75%. from Banking/Finance-Industry-Economic Times https://ift.tt/2Thym...

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Don’t classify IL&FS accounts as NPAs sans nod: NCLAT

The tribunal issued the direction during a hearing on the government's plan for the resolution of IL&FS group companies. from Banking/Finance-Industry-Economic Times https://ift.tt/2T1H7...

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Deadline extended: E-wallets get more time for KYC

In a big breather to pre-paid instrument issuers such as Amazon Pay, Obopay, Oxigen Services and PayU, the Reserve Bank of India on Monday allowed the from Business Line - Money & Banking https://ift.tt/2ThH2...

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Why an independent public debt management office may not be a feasible idea

It is important for the government to bring down its cost of borrowings as its overall budgetary borrowing are expected to hit a record of over Rs 7 lakh crore in FY2019-20. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GJKw...

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Why an independent public debt management office may not be a feasible idea

It is important for the government to bring down its cost of borrowings as its overall budgetary borrowing are expected to hit a record of over Rs 7 lakh crore in FY2019-20. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GJKw...

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Why an independent public debt management office may not be a feasible idea

It is important for the government to bring down its cost of borrowings as its overall budgetary borrowing are expected to hit a record of over Rs 7 lakh crore in FY2019-20. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GJKw...

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Relief to e-wallets: RBI extends KYC compliance norms by six months

E-wallet companies were caught in a bind over looming deadline as companies were apprehensive that they will not be able to meet the central bank's deadline. from Banking/Finance-Industry-Economic Times https://ift.tt/2tEp4...

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Frame crypto policy within a month, SC tells Govt

Priyanka PaniIn a move that has revived the hopes of the cryptocurrency industry in India, the Supreme Court (SC) has directed the Centre to come up from Business Line - Money & Banking https://ift.tt/2Eut1...

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Near-term outlook ‘mixed’ for rupee

The Indian rupee remained stable in a narrow sideways range between 70.9 and 71.35 last week. Weakness in the US dollar index, coupled with a strong b from Business Line - Money & Banking https://ift.tt/2U7MB...

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Four Indian IL&FS employees held hostage in Ethiopia released after three months

They had been held captive by Ethiopian employees over salary dues from Business Line - Money & Banking https://ift.tt/2BTkh...

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Can’t access your e-wallet? Here are some alternatives that don’t require KYC

KYC to be made mandatory for users from March 1 from Business Line - Money & Banking https://ift.tt/2U4PK...

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Coverfox to unveil ‘customised’ micro-insurance products soon

Online insurer eyes tie-ups to cater to millennials from Business Line - Money & Banking https://ift.tt/2NtOS...

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Axis Bank is likely to acquire a PSB if the ‘right one comes about at the right price’

ICICI Bank and HDFC Bank have grown through a ‘string of pearls’ acquisition strategy in the last two decades. However, Axis Bank, which started oper from Business Line - Money & Banking https://ift.tt/2GJkz...

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SBI says no decision made on taking Jet Airways to insolvency tribunal

Jet Airways said late on Friday that its shareholders approved the plan to convert existing debt to equity from Business Line - Money & Banking https://ift.tt/2NpM0...

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Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

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Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

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Trapped IL&FS employees return to India from Ethiopia

Since mid-2018, under instructions of ITNL, several of the Indian employees employed by its Project Companies had returned to India. from Banking/Finance-Industry-Economic Times https://ift.tt/2IC6N...

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Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

Read more »

Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

Read more »

Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

Read more »

Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

Read more »

Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

Read more »

Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

Read more »

Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

Read more »

Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

Read more »

To allay flyer fears, Jet-Etihad say airline will 'emerge financially strong, resilient'

It came a day after twin troubles on Sunday. First there were reports that State Bank of India (SBI) may take Jet to National Company Law Tribunal (NCLT) to recover its loans as it felt the airline was running out of funds for operations. SBI dismissed these reports as ‘speculative’ on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Sr42...

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Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

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Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

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Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

Read more »

Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

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Microfinance industry posts 43% growth in Q3

Microfinance industry posted 43.1 per cent growth in December quarter 2018 as compared to the year-ago period, with a total loan portfolio of ₹ 1,66, from Business Line - Money & Banking https://ift.tt/2H1Ba...

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MFIs loan book clips past 43% to Rs 1.66 tln in Q3

Aggregate loan portfolio of the microfinance industry grew at a healthy 43.1 per cent to Rs 1,66,284 crore as of December 2018, according to a report from Business Line - Money & Banking https://ift.tt/2E9uS...

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Sensex soars 342 points on strong global cues; Nifty ends above 10,850

On BSE, Tata Consultancy Services, Infosys, Yes Bank, IndusInd Bank, HCL Tech, Bharti Airtel and HDFC Bank were among the major gainers with their stocks rising as much as 3.25 per cent. On the NSE index, sub-indices Nifty IT, Private Bank and Auto surged the most, moved as much as 2.03 per cent higher. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Izaa...

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ICICI Lombard ties up with AnyTimeLoan.in

ICICI Lombard, a private general insurer, has entered into a strategic tie-up with AnyTimeLoan.in (ATL), a peer-to-peer lending platform, to provide i from Business Line - Money & Banking https://ift.tt/2tKOz...

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Real estate defaults could trigger next crisis for struggling Indian NBFCs

India’s property developers are finding it hard to borrow money, raising the prospect of a wave of debt defaults, which could hit non banking finance companies trying to survive a funding crunch of their own. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EuQE...

Read more »

Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT

The red category includes those entities which cannot meet their payment obligations towards even senior secured financial creditors. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ec8c...

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Centre lowering Integrity of public sector banks: Kerala Finance Minister

Addresses session of Corporation Bank Employees Union from Business Line - Money & Banking https://ift.tt/2IvFW...

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Realty cash crunch is risk for struggling India shadow banks

This drying up of liquidity comes on top of years of sluggish home sales, mounting inventories and falling prices. from Banking/Finance-Industry-Economic Times https://ift.tt/2GY3s...

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IL&FS defaults: EPFO board to assess impact

Standalone PFs are estimated to have IL&FS investment in the range of Rs 15,000-20,000 crore, ET reported on January 16. from Banking/Finance-Industry-Economic Times https://ift.tt/2tDe7...

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IL&FS’ lenders may seek NPA dispensation of ‘amber’ loans

The bankers have insisted that the resolution process should be akin to the IBC process to the extent possible. from Banking/Finance-Industry-Economic Times https://ift.tt/2BOPX...

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SBI mulling insolvency route via NCLT to recover Jet Airways loan

Subsequently, appropriate interim credit facilities would be sanctioned to the airline by the lenders. from Banking/Finance-Industry-Economic Times https://ift.tt/2NpuJ...

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