No dilution on Feb 12 circular over stressed assets: RBI

The Reserve Bank of India Saturday maintained that there is no dilution in its stand with regard to February 12 circular on stressed assets recognition and resolution. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HBOk...

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PSB hikes MCLR by 0.05% on six-month tenor

Punjab & Sind Bank (PSB) has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for six-month tenor. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HpTd...

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Lakshmi Vilas Bank raises Rs 459 crore via QIP

Private sector lender Lakshmi Vilas Bank Saturday said it has raised Rs 459.59 crore through qualified institutions placement (QIP). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HBOj...

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No dilution on Feb 12 circular over stressed assets: RBI

The Reserve Bank of India Saturday maintained that there is no dilution in its stand with regard to February 12 circular on stressed assets recognition and resolution. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HBOk...

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PSB hikes MCLR by 0.05% on six-month tenor

Punjab & Sind Bank (PSB) has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for six-month tenor. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HpTd...

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Lakshmi Vilas Bank raises Rs 459 crore via QIP

Private sector lender Lakshmi Vilas Bank Saturday said it has raised Rs 459.59 crore through qualified institutions placement (QIP). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HBOj...

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No dilution on Feb 12 circular over stressed assets: RBI

The Reserve Bank of India on Saturday maintained that there is no dilution in its stand with regard to February 12 circular on stressed assets recogn from Business Line - Money & Banking https://ift.tt/2F6EB...

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Lakshmi Vilas Bank raises Rs 459 cr via QIP

Private sector lender Lakshmi Vilas Bank on Saturday said it has raised Rs 459.59 crore through qualified institutions placement (QIP). The Chennai-h from Business Line - Money & Banking https://ift.tt/2W0Ub...

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PSB hikes MCLR by 0.05% on six-month tenor

Punjab & Sind Bank (PSB) has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for six-month tenor and lowered interest from Business Line - Money & Banking https://ift.tt/2ubrU...

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Punjab & Sind Bank hikes MCLR by 0.05% on six-month tenor

Punjab & Sind Bank (PSB) has hiked MCLR on six-month duration loan to 8.70 per cent. It has also lowered interest on three-year tenors by 0.05 per cent to 8.85 per cent. from Banking/Finance-Industry-Economic Times https://ift.tt/2TLYX...

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Grasim gets Rs 5,872 cr tax demand on its mega merger

The company said that the tax demand is not tenable in law. from Banking/Finance-Industry-Economic Times https://ift.tt/2UAaT...

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SBI Yono App to allow cardless withdrawals

Launching the Yono Cash service in Mumbai on Friday, SBI chairman Rajnish Kumar said that the cardless withdrawal will currently be available at 16,500 SBI ATMs and would eventually be extended to all 60,000 ATMs of the bank. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2FffQ...

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Categorisation as private lender: IDBI Bank staff up in arms, seek option to shift to other nationalised banks

The employees of IDBI Bank are on the warpath over its categorisation as a private lender and are seeking the option to switch to any other nationali from Business Line - Money & Banking https://ift.tt/2VY2D...

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SBI customers can now make ATM withdrawals without debit card

Currently, this service is available at 16500 SBI ATMs. Over the next four months, this service will be available at 60000 ATMs across the country. from Banking/Finance-Industry-Economic Times https://ift.tt/2TadT...

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CD ratio of banks highest since December at 77.91 pct

The credit to deposit ratio (CD ratio) of the scheduled commercial banks at 77.91% in the fortnight ended March 1 was highest in three months. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ffo5...

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Allahabad Bank looks to mop up Rs 300 crore from stake dilution

Allahabad Bank, which came out of the prompt corrective action (PCA) framework of the Reserve Bank of India last month, said on Friday it is looking to raise around Rs 300 crore capital through dilution of its equity stake in Universal Sompo General Insurance Company. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OeHX...

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CD ratio of banks highest since December at 77.91 pct

The credit to deposit ratio (CD ratio) of the scheduled commercial banks at 77.91% in the fortnight ended March 1 was highest in three months. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ffo5...

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Allahabad Bank looks to mop up Rs 300 crore from stake dilution

Allahabad Bank, which came out of the prompt corrective action (PCA) framework of the Reserve Bank of India last month, said on Friday it is looking to raise around Rs 300 crore capital through dilution of its equity stake in Universal Sompo General Insurance Company. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OeHX...

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CD ratio of banks highest since December at 77.91 pct

The credit to deposit ratio (CD ratio) of the scheduled commercial banks at 77.91% in the fortnight ended March 1 was highest in three months. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ffo5...

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Allahabad Bank looks to mop up Rs 300 crore from stake dilution

Allahabad Bank, which came out of the prompt corrective action (PCA) framework of the Reserve Bank of India last month, said on Friday it is looking to raise around Rs 300 crore capital through dilution of its equity stake in Universal Sompo General Insurance Company. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OeHX...

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Participants may face regulatory action if market abuse is found: RBI

Participants found guilty of market abuse may be subject to regulatory action, including temporary or permanent stoppage of access to markets in one from Business Line - Money & Banking https://ift.tt/2uaM6...

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Kotak Mahindra Bank board undergoes rejig

The board of directors of Kotak Mahindra Bank has undergone a revamp with the appointment of two Independent Directors and two Additional Directors.Th from Business Line - Money & Banking https://ift.tt/2HnUF...

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‘India’s bond market faces worstcrisis since Lehman bankruptcy’

Shashikant Rathi, who has dominated India’s local bond underwriting business for over a decade at Axis Bank, says the industry now faces its biggest c from Business Line - Money & Banking https://ift.tt/2Hygu...

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Jet Airways crisis: SBI sees clarity on final resolution within a week

 The consortium of banks, led by State Bank of India (SBI), expects clarity to emerge on final resolution of the debt-laden Jet Airways in a week’s ti from Business Line - Money & Banking https://ift.tt/2Hnmb...

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Hemant Bhargava ceases to be Non Executive Chairman of IDBI Bank

IDBI Bank is now a private sector lender following acquisition of majority stake by LIC. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Hyuy...

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Do you know how much PSU banks, insurance firms hold in unclaimed deposits? The number is huge

A staggering Rs 9,500 crore unclaimed deposits are lying with the public sector banks (PSBs) as on December 31, 2017, RBI data showed. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TDfY...

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Hemant Bhargava ceases to be Non Executive Chairman of IDBI Bank

IDBI Bank is now a private sector lender following acquisition of majority stake by LIC. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Hyuy...

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Do you know how much PSU banks, insurance firms hold in unclaimed deposits? The number is huge

A staggering Rs 9,500 crore unclaimed deposits are lying with the public sector banks (PSBs) as on December 31, 2017, RBI data showed. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TDfY...

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Germany passes law to make it easier to fire top bankers

Germany’s upper house approved a law making it easier for lenders such as Deutsche Bank and JPMorgan Chase & Co to fire top earners, adding flexi from Business Line - Money & Banking https://ift.tt/2T9bD...

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Allahabad Bank aims to raise up to ₹600 cr via sale of non-core assets

Lender hopes to return to profitability by June 2019 from Business Line - Money & Banking https://ift.tt/2XZ5L...

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Shraddha Landmark project adopts HDFC Ergo’s title insurance

HDFC Ergo General Insurance, on Friday, said Shraddha Landmark Private Ltd has adopted its title insurance policy for their upcoming project in Bhandu from Business Line - Money & Banking https://ift.tt/2T9aV...

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Bajaj Allianz Life ‘to focus on living benefits’, says CEO

Insurer plans to provide differentiated products, introduce tech innovations from Business Line - Money & Banking https://ift.tt/2XZoM...

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Suspended sentence for MtGox founder

A Japanese court sentenced the former high-flying creator of the MtGox bitcoin exchange to a suspended jail sentence of two-and-a-half years on Friday from Business Line - Money & Banking https://ift.tt/2O6Uk...

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Indian banks' deposits rose 9.8 percent y/y in fortnight to March 1: RBI

Outstanding loans rose by 891.1 billion rupees ($12.90 billion) to 95.29 trillion rupees in the two weeks to March 1. from Banking/Finance-Industry-Economic Times https://ift.tt/2O6fC...

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Do you know how much PSU banks, insurance firms hold in unclaimed deposits? The number is huge

A staggering Rs 9,500 crore unclaimed deposits are lying with the public sector banks (PSBs) as on December 31, 2017, RBI data showed. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TDfY...

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Hemant Bhargava ceases to be non-executive Chairman of IDBI Bank

IDBI Bank on Friday said Hemant Bhargava has ceased to be its Non-Executive Chairman as he no longer heads the parent company LIC.“This is to inform from Business Line - Money & Banking https://ift.tt/2UEEz...

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Global banking trade union meet in Kerala capital from Sunday

The main theme of the convention is 'Challenges before the banking sector and trade union responses’ from Business Line - Money & Banking https://ift.tt/2u9gH...

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Sensex reclaims 38,000-mark; Nifty above 10,400

Top gainers on the BSE index include Kotak Mahindra Bank, ONGC, PowerGrid, TCS, NTPC, SBI and HCL Tech with their stocks surging as much as 4.31 per cent. Hindustan Unilever, Yes Bank and Bharti Airtel were among the major laggards, declining up to 2.16 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Jelv...

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Hemant Bhargava ceases to be Non Executive Chairman of IDBI Bank

The Ministry of Personnel on March 13 appointed M R Kumar as the Chairman of the Life Insurance Corporation (LIC) for a period of five years. Kumar took charge Thursday. from Banking/Finance-Industry-Economic Times https://ift.tt/2T7Se...

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Do you know how much PSU banks, insurance firms hold in unclaimed deposits? The number is huge

A staggering Rs 9,500 crore unclaimed deposits are lying with the public sector banks (PSBs) as on December 31, 2017, RBI data showed. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TDfY...

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Sensex reclaims 38,000-mark; Nifty ends above 10,400

Top gainers on the BSE index include Kotak Mahindra Bank, ONGC, PowerGrid, TCS, NTPC, SBI and HCL Tech with their stocks surging as much as 4.31 per cent. Hindustan Unilever, Yes Bank and Bharti Airtel were among the major laggards, declining up to 2.16 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2FdBy...

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'Perpetuity’ clause stalls Jet Airway’s new flight plan

This had been one of Etihad’s conditions for providing funds to the airline, which needs Rs 750 crore immediately. The board of the Abu Dhabi carrier, which has a 24 per cent stake in Jet, hasn’t approved the funding because of Goyal’s insistence on waiver of the clause, said people with knowledge of the matter. On the other hand, Indian banks have refused to infuse any money until the promoter stake is cut from the current 51 per cent . from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business...

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Sensex surges over 200 pts; Nifty reclaims 11,400

Top gainers in early trade include Kotak Bank, SBI, ICICI Bank, IndusInd Bank, PowerGrid, Bajaj Finance, HCL Tech, M&M, TCS, Maruti, Infosys and Axis Bank, rising up to 3.40 per cent While, HUL, Coal India, Bharti Airtel, ITC, Tata Steel and Bajaj Auto were top losers, falling up to 1.47 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Hycu...

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Kotak Mahindra Bank breaks resistance at Rs 1,319

Kotak Mahindra Bank Ltd gained as much as 4.89 pct to Rs 1,331, highest since December 7.The stock broke above a resistance at Rs 1,319.1.A close abo from Business Line - Money & Banking https://ift.tt/2T9kl...

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IndusInd Bank breaks resistance at Rs 1,686

Shares of IndusInd Bank Ltd gained as much as 2.1 per cent to Rs 1,718 on Friday,their highest since September 28, 2018The stock broke above a resist from Business Line - Money & Banking https://ift.tt/2XXoz...

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RBI tells SC no corporate debt resolution plan yet despite 180-day extension for defaulters

Though banks invoked strategic debt restructuring in more than 140 cases, they were unable to change ownership even in a handful of cases, the RBI noted from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2u61N...

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Bank deposit growth slows to 9.8% from 18-month high previous fortnight; credit growth eases

Loans to individuals and companies grew 14.5%, marginally faster than 14.3% reported in the previous fortnight. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TIG1...

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Infrastructure projects receive 2.4% of total loans sanctioned in FY18

Fresh loans sanctioned by banks and financial institutions towards long-term infrastructure projects in FY18 was at 2.4% of the total loans sanctioned from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jnnm...

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Winds of change: LIC loses out to private life insurers in first year premium growth

First-year premium of life insurance companies between April 2018 and February 2019 grew 7.6% to Rs 1.77 lakh crore against Rs 1.64 lakh crore during the corresponding period in the previous financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TL3Q...

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Bank of India to raise Rs 400-500 crore from non-core asset sale

ank of India on Thursday said it is looking to raise at least Rs 400-500 crore from sale of a non-core asset by end-March, a top bank official said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JcBz...

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Bank deposit growth slows to 9.8%, credit growth eases

Loans to individuals and companies grew 14.5%, marginally faster than 14.3% reported in the previous fortnight. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TIG1...

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Infrastructure projects receive 2.4% of total loans sanctioned in FY18

Fresh loans sanctioned by banks and financial institutions towards long-term infrastructure projects in FY18 was at 2.4% of the total loans sanctioned from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jnnm...

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Private life insurance companies beat LIC by wide margin; first year premiums jump 22% vs just 1.4%

First-year premium of life insurance companies between April 2018 and February 2019 grew 7.6% to Rs 1.77 lakh crore against Rs 1.64 lakh crore during the corresponding period in the previous financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TL3Q...

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Bank of India to raise Rs 400-500 crore from non-core asset sale

ank of India on Thursday said it is looking to raise at least Rs 400-500 crore from sale of a non-core asset by end-March, a top bank official said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JcBz...

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Bank deposit growth slows to 9.8%, credit growth eases

Loans to individuals and companies grew 14.5%, marginally faster than 14.3% reported in the previous fortnight. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TIG1...

Read more »

Infrastructure projects receive 2.4% of total loans sanctioned in FY18

Fresh loans sanctioned by banks and financial institutions towards long-term infrastructure projects in FY18 was at 2.4% of the total loans sanctioned from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jnnm...

Read more »

Private life insurance companies beat LIC by wide margin; first year premiums jump 22% vs just 1.4%

First-year premium of life insurance companies between April 2018 and February 2019 grew 7.6% to Rs 1.77 lakh crore against Rs 1.64 lakh crore during the corresponding period in the previous financial year. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TL3Q...

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Bank of India to raise Rs 400-500 crore from non-core asset sale

ank of India on Thursday said it is looking to raise at least Rs 400-500 crore from sale of a non-core asset by end-March, a top bank official said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JcBz...

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RBI categorises IDBI Bank as private sector lender

IDBI Bank has been under the prompt corrective action framework of RBI that bans it from corporate lending and branch expansions, salary hikes and other regular activities. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Je0M...

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Fiscal deficit target of 3.4% is ‘safe’: Garg

FinMin, RBI to meet on March 26 to decide on borrowing calendar for H1 of next fiscal from Business Line - Money & Banking https://ift.tt/2CjUR...

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Bank of India hopeful of ₹1,800-crore write-back from Essar Steel resolution

In the run-up to the close of financial year 2019, Bank of India is expecting a provisioning write-back of more than ₹1,800 crore from the resolution from Business Line - Money & Banking https://ift.tt/2Hjrm...

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Corporation Bank cuts benchmark lending rate by 5 bps

The bank has reduced the lending rate by 5 basis points (0.05 percentage point) across all tenors up to one year. from Banking/Finance-Industry-Economic Times https://ift.tt/2TOd5...

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LIC likely to look at timeline of 3-5 years for paring stake in IDBI Bank

Insurer to submit a proposal to IRDAI, which will then take the final call from Business Line - Money & Banking https://ift.tt/2HANW...

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FSDC meeting discusses ways to overcome rating quality challenges

The sub-committee of the Financial Stability and Development Council (FSDC), on Thursday, discussed ways to address challenges pertaining to the quali from Business Line - Money & Banking https://ift.tt/2HjFh...

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HDFC Capital, Tribeca tie-up for mid-income housing projects

HDFC Capital Advisors, the real estate-focussed fund management arm of HDFC, has joined hands with real estate developer Tribeca to develop premium mi from Business Line - Money & Banking https://ift.tt/2HANQ...

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‘Report of committee on fintech related issues will be out soon’

The report of the committee on fintech related issues is likely to be made public soon, Finance Secretary Subhash Chandra Garg said on Thursday.“The from Business Line - Money & Banking https://ift.tt/2Jmrk...

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Fresh NPAs to moderate in FY'20: ICRA

The ratings firm has revised the outlook of six public sector banks of which five are positive revisions. from Banking/Finance-Industry-Economic Times https://ift.tt/2O2X8...

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RBI categorises IDBI Bank as private sector lender

IDBI Bank has been categorised as a private sector lender following acquisition of majority stake by Life Insurance Corporation, RBI said.In January, from Business Line - Money & Banking https://ift.tt/2XWZV...

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BoI to raise Rs 400-500 cr from non-core asset sale this month

State-run Bank of India on Thursday said it is looking to raise at least Rs 400-500 crore from sale of a non-core asset by end-March, a top bank offi from Business Line - Money & Banking https://ift.tt/2T6Ci...

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MR Kumar appointed as LIC Chairman

The Centre has appointed MR Kumar as the Chairman of the insurance behemoth Life Insurance Corporation.Kumar will hold the Chairman post for five yea from Business Line - Money & Banking https://ift.tt/2Y5VZ...

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RBI categorises IDBI Bank as private sector lender

"IDBI Bank has been categorised as a 'private sector bank' for regulatory purposes by Reserve Bank of India with effect from January 21, 2019 consequent upon LIC acquiring 51 per cent of the total paid-up equity share capital of the bank," RBI said in a statement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2FbtG...

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Mkts end flat on profit booking in energy, IT stocks

The broader NSE Nifty closed marginally up by 1.55 points, or 0.01 per cent, at 11,343.25 as gains in financials like IndusInd Bank, Yes Bank, pharma and power stocks were offset by losses in IT, energy and auto stocks. Financials such as IndusInd Bank, Yes Bank, Kotak Bank and HDFC rose up to 2.84 per cent on expectations of loan growth following the RBI's move to inject liquidity through the dollar-rupee swap auction. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https:/...

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Cloud over Jet Airways Rs 2,050-cr emergency funding; PNB says decision will be collective

In a filing to exchanges, Jet Airways had earlier clarified it has not received any fresh loan from PNB. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jb8d...

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Bank of India to raise Rs 400-500 crore from non-core asset sale this month

The bank's managing director and CEO Dinabandhu Mohapatra told reporters Thursday the process to sell non core asset is on and the bank has already floated request for proposals (RFPs). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Hkgi...

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Decision on funding to Jet Airways to be on collective basis, says PNB

The assertion comes in the backdrop of media reports that PNB had approved Rs 2,050 crore of emergency funding to Jet Airways. from Banking/Finance-Industry-Economic Times https://ift.tt/2O5e2...

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Life insurers register 33 pc growth in new premium income at Rs 18,209 cr in Feb

The life insurers had collected first-time premium worth Rs 13,724.96 crore in same month a year ago. from Banking/Finance-Industry-Economic Times https://ift.tt/2VWjw...

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Life insurers register 33% growth in new premium income at Rs 18,209 cr in Feb

India’s life insurance industry witnessed a rise of 32.7 per cent in its collective new premium income at Rs 18,209.50 crore during February 2019, da from Business Line - Money & Banking https://ift.tt/2JbEK...

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Standard Chartered to launch digital SME platform

Standard Chartered on Thursday announced that it will be launching an open platform for Small and Medium Enterprises (SMEs) in the country, to help t from Business Line - Money & Banking https://ift.tt/2W1XR...

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Bank deposits grow over 10% for first time in 18 months; RBI data shows banks have this much money

The last time the deposits grew faster was during the fortnight ended August 4, 2017, when the value of banking deposits was Rs 107 lakh crore, up 10.27%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T7a0...

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Chanda Kochhar’s fate was sealed by husband’s admission

Deepak Kochhar’s acknowledgement of ties with Videocon in letter to ICICI Bank forced the board to confront ex-CEO & revisit her disclosures. from Banking/Finance-Industry-Economic Times https://ift.tt/2F8Tp...

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RBI to use new tool for liquidity management

Banks would be required to park dollar funds with RBI with a deal to buy it back from the RBI after three years. from Banking/Finance-Industry-Economic Times https://ift.tt/2Hjww...

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M R Kumar appointed LIC chairman

Kumar was Zonal Manager (in-charge) of North Zone and will hold the post of the LIC Chairman for five years, it said. from Banking/Finance-Industry-Economic Times https://ift.tt/2HyEH...

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India far away from being less-cash economy, must address digital payments security issues: Nandan Nilekani

Nilekani was addressing the '2019 India Forum of the PCI Security Standards Council' through video conferencing here. from Banking/Finance-Industry-Economic Times https://ift.tt/2TAXi...

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Bank margins may be hit as new RBI norms push firms to bonds

Banks seen upping investment in bonds floated by India Inc from Business Line - Money & Banking https://ift.tt/2Ja4K...

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PSLC trading by banks on e-Kuber to attract IGST

No need to pay if CGST/SGST has already been paid from Business Line - Money & Banking https://ift.tt/2CeYd...

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How Barclays’ internal models failed to predict a series of trading losses

As an activist investor targets Barclays for taking on too much risk, the London-based lender has disclosed how its internal models failed to predict from Business Line - Money & Banking https://ift.tt/2UzQ1...

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Crypto assets pose risks to global banks, warns Basel Committee

The growth in crypto assets such as Bitcoin pose a threat to banks and global financial stability, despite relatively low levels of exposure among key from Business Line - Money & Banking https://ift.tt/2CeY9...

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‘Insurance claims for renal diseases on the rise’

Kidney-related health disorders seem to be on the rise among millennials, though heart attacks and neurological disorders continue to be the top life- from Business Line - Money & Banking https://ift.tt/2JdYc...

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Halla Bol, Corporation Bank’s peaceful way to recover bad loans, pays off: CEO

Corporation Bank, which came into being on March 12, 1906, is among the four public sector banks that originated in coastal Karnataka. Headquartered i from Business Line - Money & Banking https://ift.tt/2TS9g...

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PFRDA aims to add 75 lakh new subscribers in FY20

Encouraged by its strong show on new Atal Pension Yojana (APY) enrolments this fiscal, pension regulator Pension Fund Regulatory and Development Autho from Business Line - Money & Banking https://ift.tt/2Ja0F...

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RBI, a net buyer of dollar for second month in a row in Jan

The RBI has remained a net purchaser of the dollar for the second consecutive month in January, having bought $293 million on a net basis from the spo from Business Line - Money & Banking https://ift.tt/2UBo4...

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Benjamin de Rothschild to take Suisse bank private in $98-m bid

Benjamin de Rothschild’s family plans to take its Swiss bank private as it simplifies the group’s structure and prepares for expansion and potential a from Business Line - Money & Banking https://ift.tt/2TK6Y...

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RBI allows importers to raise $150-m trade credit

In a bid to give a leg-up to oil/ gas refining and marketing, airline and shipping companies, the Reserve Bank of India’s amended Trade Credit Policy from Business Line - Money & Banking https://ift.tt/2HsTh...

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RBI to inject $5 bn equivalent long-term Rupee liquidity via buy/sell swap auction

The Reserve Bank of India on Wednesday said it will conduct a US dollar /Indian rupee buy/sell swap auction of $5 billion for tenor of 3 years on Mar from Business Line - Money & Banking https://ift.tt/2TCvA...

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SFBs may clip at 30%, needs Rs 6,000 cr capital by FY23: Report

These banks have witnessed growth in assets under management, deposits, and better return on their equities. from Banking/Finance-Industry-Economic Times https://ift.tt/2T7GD...

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Sensex jumps 216 points to close at 37,752

In the Sensex pack, IndusInd Bank rallied 4.15 per cent. Other gainers included Yes Bank, Bajaj Finance, HDFC Bank, SBI, Bajaj Auto, RIL, HCL Tech, HDFC and ICICI Bank -- rising up to 3.67 per cent. On the other hand, Bharti Airtel emerged as top loser with 4.08 per cent fall on the Sensex list. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2u9mK...

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Karur Vysya Bank raises Rs 487 cr

Karur Vysya Bank on Wednesday said it has raised Rs 487 crore through Basel-III compliant bonds to fund its growth plans.The Capital Raising Committe from Business Line - Money & Banking https://ift.tt/2J99t...

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Narendra Modi’s MUDRA Yojana spells trouble for banks; bad loans jump 53%

Meanwhile, in the financial year so far, total credit disbursement under the scheme was Rs 2.12 lakh crore during April-February. This compares with Rs 2.46 lakh crore disbursed in the previous full fiscal year 2017-18. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cka2...

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Google, Facebook, Netflix, Amazon foray Into banking seen as threat by RBC CEO

McKay said his goal is to build out services that allow Royal Bank to be a bigger part of a customer’s life before they have to make a financial choice. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRO9...

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RBI warns yielding to Kotak bank’s plea in stake case will undermine its authority

Kotak Mahindra Bank’s legal petition against the Reserve Bank of India’s objection to the method used by the founder to pare his stake in the lender, if granted, would weaken its regulatory authority, according to the RBI. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T4iI...

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Narendra Modi’s MUDRA Yojana spells trouble for banks; bad loans jump 53%

Meanwhile, in the financial year so far, total credit disbursement under the scheme was Rs 2.12 lakh crore during April-February. This compares with Rs 2.46 lakh crore disbursed in the previous full fiscal year 2017-18. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Cka2...

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Google, Facebook, Netflix, Amazon foray Into banking seen as threat by RBC CEO

McKay said his goal is to build out services that allow Royal Bank to be a bigger part of a customer’s life before they have to make a financial choice. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRO9...

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RBI warns yielding to Kotak bank’s plea in stake case will undermine its authority

Kotak Mahindra Bank’s legal petition against the Reserve Bank of India’s objection to the method used by the founder to pare his stake in the lender, if granted, would weaken its regulatory authority, according to the RBI. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T4iI...

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Aviva Life Insurance launches Wings to empower women at the workplace

The new initiative has been aimed to empower the women in Aviva to fulfil their professional and personal goals. from Banking/Finance-Industry-Economic Times https://ift.tt/2HgvL...

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SBI cleaning house; puts Rs 2,338-crore bad loans on sale

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2bT...

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IDBI Bank cuts lending rates by 5bps

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FaTu...

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SBI cleaning house; puts Rs 2,338-crore bad loans on sale

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2bT...

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IDBI Bank cuts lending rates by 5bps

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FaTu...

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SBI cleaning house; puts Rs 2,338-crore bad loans on sale

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2bT...

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IDBI Bank cuts lending rates by 5bps

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FaTu...

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Didn’t know of husband’s biz dealings: Chanda to ED

According to sources, when asked about Rs 64-crore loan given by Videocon group to Deepak Kochhar’s company NuPower Renewables a day after Rs 300-crore loan was disbursed to a Videocon group company by the bank, Kochhar said she didn’t discuss her bank related work with her husband or vice-versa. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2J9uC...

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SBI cleaning house; puts Rs 2,338-crore bad loans on sale

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2bT...

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IDBI Bank cuts lending rates by 5bps

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FaTu...

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‘Let RCom use trust fund to pay Ericsson', NCLAT warns lenders of insolvency

RCom requested that Rs 260 crore of tax refunds held in a trust fund by lenders be released on behalf of the telco to pay Swedish telecom gear maker Ericsson. from Banking/Finance-Industry-Economic Times https://ift.tt/2EVnP...

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SBI cleaning house; puts Rs 2,338-crore bad loans on sale

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2bT...

Read more »

IDBI Bank cuts lending rates by 5bps

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FaTu...

Read more »

SBI cleaning house; puts Rs 2,338-crore bad loans on sale

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2bT...

Read more »

IDBI Bank cuts lending rates by 5bps

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FaTu...

Read more »

SBI cleaning house; puts Rs 2,338-crore bad loans on sale

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O2bT...

Read more »

IDBI Bank cuts lending rates by 5bps

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FaTu...

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Confident about some of the NBFCs, says HSBC India Head – Commercial Banking

Breaking into a consortium to lend to a good company in India is not just tough because of a surfeit of banks, but also time-consuming, Rajat Verma, head – commercial banking, HSBC India says. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EUkv...

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Bandhan Bank’s 14.9% stake acquisition by HDFC will be test case for RBI shareholding guidelines

The deal will allow Bandhan Bank's promoter Bandhan Financial holding to come down to about 61 per cent from about 82 per cent, and HDFC to hold around 15 per cent in the merged entity from about 57 per cent in Gruh. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TBc0...

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Kotak Mahindra Bank gets no High Court relief in RBI row; hearing adjourned to April 1

The bank had moved the court on December 10, 2018, challenging an RBI directive of August 13, 2018, which had directed it to dilute the promoter's shareholding from around 30 per cent to a maximum of 20 per cent of its paid-up voting equity capital by December 31, 2018 and to 15 per cent by March 31, 2020. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EUSA...

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Axis Bank appoints Rakesh Makhija as non-executive chairman for 3 years

He will replace Sanjiv Misra, whose term as the bank's non-executive (part-time) chairman expires on July 17, the bank said in a regulatory filing. from Banking/Finance-Industry-Economic Times https://ift.tt/2F7Wi...

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You have an LIC policy? Then keep checking your mobiles

LIC switches to SMS alerts for policy premium and maturity reminders from Business Line - Money & Banking https://ift.tt/2HgLr...

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Despite announcement of poll dates, RBI to go ahead with policy review

The central bank will continue to take decisions unhindered whenthe MPC meets early next month from Business Line - Money & Banking https://ift.tt/2u0Ag...

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DHFL unit seeks nod to sell shares to Blackstone-backed BCP Topco

Aadhar Housing Finance (AHFL), an associate company of Dewan Housing Finance Corporation (DHFL), has announced plans to sell shares of the company hel from Business Line - Money & Banking https://ift.tt/2VQJg...

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Bombay HC refuses interim relief to Kotak bank; adjourns hearing to April 1

Lender proposes capping voting rights at 20% till the matter is finally heard from Business Line - Money & Banking https://ift.tt/2u3Eh...

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RCom lenders contend to have first right over IT refunds

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal, seeking waiver over the moratorium placed by it on February 4. from Banking/Finance-Industry-Economic Times https://ift.tt/2HhBi...

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Corp Bank aims to cross ₹3-lakh cr business: CEO

Corporation Bank is looking at a business of ₹3-lakh crore soon, according to PV Bharathi, Managing Director and CEO of the bank.Delivering the keyno from Business Line - Money & Banking https://ift.tt/2XTbj...

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Premium for third-party motor insurance may rise 10% in FY20

IRDAI likely to notify new rates by month-end from Business Line - Money & Banking https://ift.tt/2F6Bg...

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SBI’s doorstep banking service

State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers . Eligible from Business Line - Money & Banking https://ift.tt/2Tw0A...

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Axis Bank names Rakesh Makhija as new Chairman

Private sector lender Axis Bank, on Tuesday, named Rakesh Makhija as its new Non-Executive Part-Time Chairman. Makhija, who is the Chairman of SKF Ind from Business Line - Money & Banking https://ift.tt/2T0qO...

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‘Aditya Birla Health Insurance aims to break-even by FY23’

Aditya Birla Health Insurance Co Ltd (ABHI), a standalone health insurer, is eyeing break-even in financial year 2022-23, a top company official said. from Business Line - Money & Banking https://ift.tt/2XVdS...

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ESAF Small Finance Bank hailed for financial-inclusion initiatives

Kerala Education Minister C Raveendranath has lauded the role played by ESAF Small Finance Bank in taking the message of financial inclusion to the le from Business Line - Money & Banking https://ift.tt/2T0qV...

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BoM to auction assets of Videocon Group unit Unity Appliances

State-owned Bank of Maharashtra (BoM) has put on sale movable and immovable properties of Unity Appliances, a unit of debt-ridden Videocon Group, to r from Business Line - Money & Banking https://ift.tt/2XUBF...

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Wage revision for bank officers and workmen may be done separately

Wage revision in public sector banks takes place in every five years. The 11th bipartite settlement is due from November 1, 2017. from Banking/Finance-Industry-Economic Times https://ift.tt/2J8L6...

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Sensex gains 482 points to finish above 37,500; Nifty tops 11,300

On the BSE index, Bharti Airtel, ICICI Bank, IndusInd Bank, L&T, Sun Pharma and Reliance Industries were among the major gainers with their stocks surging as much as 4.61 per cent. 19 out of 30 stocks ended in green on the 30-share Sensex pack. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2u1Pn...

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Bank of Baroda launches child daycare facility at HQ

Bank of Baroda on Tuesday said it has launched Crèche – Child Daycare facility within its Mumbai Corporate Office premises. The public sector bank sai from Business Line - Money & Banking https://ift.tt/2VSld...

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Bank of Baroda launches creche/daycare facility for children of employees

This initiative is designed to help employees save time and reduce stress of finding the right care for children in the age group of 6 months to 6 years. from Banking/Finance-Industry-Economic Times https://ift.tt/2TBxe...

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Asia's richest banker Uday Kotak gets richer amid five-year tussle with RBI

The founder of Mumbai-based Kotak Mahindra Bank Ltd. has seen his wealth nearly triple since March 2014. from Banking/Finance-Industry-Economic Times https://ift.tt/2NW75...

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Banks in no hurry to link repo with interest rates

While some of them do admit that ultimately linking to repo rate might happen but they are not firm on the time of such commitment. from Banking/Finance-Industry-Economic Times https://ift.tt/2Tuqd...

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RBI says yielding to Uday Kotak's plea on paring stake would erode its autonomy

The central bank has been in tussle with Kotak since 2014 when it said he failed to meet the first milestone to reduce his stake in the bank. from Banking/Finance-Industry-Economic Times https://ift.tt/2EO9o...

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How can India Inc get over its financing hump?

India’s corporate funding market is what Winston Churchill might have described as a riddle, wrapped in a mystery, inside an enigma.The riddle, accor from Business Line - Money & Banking https://ift.tt/2CgBC...

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Bombay HC to hear Kotak Mahindra plea on promoter-shareholding norms today

The Bombay High Court will take up for hearing the writ petition by private sector lender Kotak Mahindra Bank on the issue of promoter-shareholding no from Business Line - Money & Banking https://ift.tt/2UBbY...

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SBI gave false hope on RCom sale to Reliance Jio: NCLAT pulls up India’s largest bank

The appellate tribunal said the country’s largest lender had “clapped with RCom” or, in other words, worked with the telecom player. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SVia...

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Cash recovery: Banks open to big haircuts as they rush to sell bad loans before March-end

Both assets were named on the Reserve Bank of India's (RBI) first list of large non-performing assets (NPAs). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRor...

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Liquidity eases as average deficit hits four-week low

The net foreign portfolio investors (FPI) outflows from bond market was nearly at $1,023 million since January 1, 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SW1z...

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Jet denies report of new Rs 2,050cr loan from PNB

The airline, which has had to ground planes after failing to make payments to leasing companies and is behind on paying pilots’ wages, said in a statement to the stock exchange that it has an existing credit facility of $300 million from PNB and that the bank has not provided any fresh credit. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Htcy...

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Sensex soars over 300 points, Nifty above 11,250

Top gainers in early trade include PowerGrid, NTPC, RIL, L&T, ICICI Bank, Tata Motors, HCL Tech and Vedanta, rising over 2.60 per cent. While, Bharti Airtel and IndusInd Bank were trading in the red. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2HeRg...

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SBI gave false hope on RCom sale to Reliance Jio: NCLAT pulls up India’s largest bank

The appellate tribunal said the country’s largest lender had “clapped with RCom” or, in other words, worked with the telecom player. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SVia...

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Cash recovery: Banks open to big haircuts as they rush to sell bad loans before March-end

Both assets were named on the Reserve Bank of India's (RBI) first list of large non-performing assets (NPAs). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRor...

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Liquidity eases as average deficit hits four-week low

The net foreign portfolio investors (FPI) outflows from bond market was nearly at $1,023 million since January 1, 2019. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SW1z...

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View: How can India Inc. get over its financing hump?

Starting July 1, the Reserve Bank of India wants banks to convert 60 percent of working capital limits above a threshold into loans with fixed maturities. from Banking/Finance-Industry-Economic Times https://ift.tt/2u3uJ...

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PNB scam: Fresh charge-sheet against Nirav Modi

The Enforcement Directorate has filed a fresh charge-sheet against PNB scam accused Nirav Modi under the anti-money laundering law, officials said on from Business Line - Money & Banking https://ift.tt/2XPQq...

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With rising NPAs, banks take foot off the pedal on Mudra loans

Disbursal target of ₹3 lakh cr unlikely to be met this fiscal from Business Line - Money & Banking https://ift.tt/2u1VK...

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Settlement of health-cover claim must improve, says IRDAI chief

Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI), on Monday, asked health insurers and health providers to raise th from Business Line - Money & Banking https://ift.tt/2EPcR...

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Re-appointment of ON Singh as Universal Sompo chief ‘on hold’

IRDA to inspect Risk Care, a broker promoted by Singh’s family from Business Line - Money & Banking https://ift.tt/2CeYa...

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Standard Life set to sell 3.47% stake in HDFC Life Insurance

Standard Life Mauritius is set to sell 3.47 per cent stake in HDFC Life Insurance through an offer-for-sale.Standard Life (Mauritius Holdings) 2006 from Business Line - Money & Banking https://ift.tt/2HqMm...

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Rupee gains strength despite strong dollar

Stable oil prices and foreign money flows keep near-term outlook positive from Business Line - Money & Banking https://ift.tt/2Hrvv...

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Banks' reliance on bulk deposits like to increase: Ind-Ra

This is based on RBI's quarterly statistics on deposits and credit of scheduled commercial banks for December 2018. from Banking/Finance-Industry-Economic Times https://ift.tt/2VVZW...

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InvITs in a fix as banks refuse to extend loans

An InvIT offers an opportunity to promoters of projects to sell their stake in completed projects to the trust, which in turn can raise long-term and tax-free funds from unit holders. from Banking/Finance-Industry-Economic Times https://ift.tt/2UvXU...

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IRDAI seeks proposal from LIC to cut its equity stake in IDBI

Insurance regulator IRDAI Monday said it has sought proposal from Life Insurance Corporation of India (LIC) for paring its shareholding in the recently acquired controlling stake in IDBI Bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TtUq...

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Kotak Mahindra to offer MSME loan in 59 mins; becomes first private bank to join Modi’s scheme

Uday Kotak-led Kotak Mahindra Bank on Monday said that it has become the first private sector lender to join the platform -- psbloansin59minutes.com -- to offer loans of up to Rs 1 crore to micro, small & medium enterprises (MSME). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2EQev...

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Life insurance – the most preferred financial instrument among Indians: Survey

More than 80 per cent of the population save and invest in legacy corpuses from Business Line - Money & Banking https://ift.tt/2ETqp...

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How does SBI’s move to link savings deposit and short term loan rates to repo rate impact you?

BL Research BureauIt was about two years ago that SBI made the first move and cut savings deposits rate by a tidy 50 basis points. With other banks ha from Business Line - Money & Banking https://ift.tt/2Uwzx...

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RBI faces trouble getting banks to cut rates

Most banks in the country have trimmed lending rates by a ‘token’ 10 basis points. from Banking/Finance-Industry-Economic Times https://ift.tt/2VOqG...

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Jet Airways secures Rs 2,050 crore loan from PNB: Report

Jet Airways has raised foreign currency term loans worth Rs 1,100 crore and a non-fund based credit facility of Rs 950 crore from Punjab National Bank (PNB), according to copies of loan documents reviewed by a business daily. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ch2K...

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NHB's proposed HFC guidelines do not address credit risk, funding,liquidity issues : Moody's

The proposed guidelines are credit positive because they would limit HFCs' credit growth and cap their maximum exposure to the debt capital markets from Business Line - Money & Banking https://ift.tt/2ETpF...

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Bharti AXA Life records 40% growth in new business premium

Bharti AXA Life Insurance company is on an expansion mode and has brought on board 10,000 more insurance advisors besides adding 50 new branches this from Business Line - Money & Banking https://ift.tt/2HaRM...

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RBI faces trouble getting banks to cut rates

Indian lenders haven’t fully passed on the central bank’s latest interest rate cut to borrowers, pressuring the monetary authority to loosen policy e from Business Line - Money & Banking https://ift.tt/2J3qM...

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US pressing India to stop buying Venezuelan oil: Envoy

The Trump administration has given the same message to other governments, Abrams said, and has made a similar argument to foreign banks and private companies doing business with the Maduro government. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2J3sx...

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Demonetisation won’t curb black money, RBI told government

Despite some reservations the board approved demonetisation, which was proposed by an RBI deputy governor and supported by a note from the finance ministry, which provided a draft scheme for withdrawal of existing Rs 500 and Rs 1,000 bank notes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XPGa...

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Tighter housing finance norms on cards after IL&FS, DHFL defaults expose risks

Move latest in a series of initiatives after IL&FS & DHFL fiasco. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2E6...

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Banking Trends: Private Banks’ deposit share rise at the expense of PSU banks

Private banks perform better in southern and western parts of India compared to others. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NUs2...

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PNB sanctions debt worth Rs 689 cr to 1,600 MSMEs via 59minute loan portal

MSMEs apply for loans using their GST registration as the portal is integrated with GST server at the back-end as well as IT, credit bureaus and banks. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F0Qr...

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PNB sanctions debt worth Rs 689 cr to 1,600 MSMEs via 59minute loan portal

MSMEs apply for loans using their GST registration as the portal is integrated with GST server at the back-end as well as IT, credit bureaus and banks. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F0Qr...

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Under LIC ownership, struggling IDBI Bank looks for revival strategy

The major areas of synergy identified for the immediate short-term are pertaining to selling of LIC policies through IDBI branches. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Up1D...

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The fall and fall of Nirav Modi: How the diamond merchant scripted largest bank scam, became India’s most wanted

On Saturday, The Telegraph said that it has tracked down Modi to an £8 million, three-bedroom flat occupying half of a floor of the landmark Centre Point tower block in London's West End, with views across the city. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRpM...

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PNB sanctions debt worth Rs 689 cr to 1,600 MSMEs via 59minute loan portal

MSMEs apply for loans using their GST registration as the portal is integrated with GST server at the back-end as well as IT, credit bureaus and banks. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F0Qr...

Read more »

Under LIC ownership, struggling IDBI Bank looks for revival strategy

The major areas of synergy identified for the immediate short-term are pertaining to selling of LIC policies through IDBI branches. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Up1D...

Read more »

The fall and fall of Nirav Modi: How the diamond merchant scripted largest bank scam, became India’s most wanted

On Saturday, The Telegraph said that it has tracked down Modi to an £8 million, three-bedroom flat occupying half of a floor of the landmark Centre Point tower block in London's West End, with views across the city. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRpM...

Read more »

PNB sanctions debt worth Rs 689 cr to 1,600 MSMEs via 59minute loan portal

MSMEs apply for loans using their GST registration as the portal is integrated with GST server at the back-end as well as IT, credit bureaus and banks. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F0Qr...

Read more »

Under LIC ownership, struggling IDBI Bank looks for revival strategy

The major areas of synergy identified for the immediate short-term are pertaining to selling of LIC policies through IDBI branches. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Up1D...

Read more »

The fall and fall of Nirav Modi: How the diamond merchant scripted largest bank scam, became India’s most wanted

On Saturday, The Telegraph said that it has tracked down Modi to an £8 million, three-bedroom flat occupying half of a floor of the landmark Centre Point tower block in London's West End, with views across the city. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRpM...

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For speedy settlement, IRDAI moots changes in norms for surveyors

A Working Group (WG) of the Insurance Regulatory and Development Authority of India (IRDAI) has suggested modifications in the norms for surveyors an from Business Line - Money & Banking https://ift.tt/2Tqv6...

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Move to prevent conflict of interest

Soon, there will be tough norms for common directors in the insurance sector to prevent conflict of interest. The Insurance Regulatory and Developmen from Business Line - Money & Banking https://ift.tt/2Chha...

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SBI’s new ‘alliances dept’ to co-originate loans to priority sector with NBFCs

Will up direct lending to priority segments and cut investment in low-yield funds from Business Line - Money & Banking https://ift.tt/2Ux84...

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PNB sanctions debt worth Rs 689 cr to 1,600 MSMEs via 59minute loan portal

MSMEs apply for loans using their GST registration as the portal is integrated with GST server at the back-end as well as IT, credit bureaus and banks. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F0Qr...

Read more »

Under LIC ownership, struggling IDBI Bank looks for revival strategy

The major areas of synergy identified for the immediate short-term are pertaining to selling of LIC policies through IDBI branches. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Up1D...

Read more »

The fall and fall of Nirav Modi: How the diamond merchant scripted largest bank scam, became India’s most wanted

On Saturday, The Telegraph said that it has tracked down Modi to an £8 million, three-bedroom flat occupying half of a floor of the landmark Centre Point tower block in London's West End, with views across the city. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2XRpM...

Read more »

RBI-Kotak stand-off: Review panel for ownership norms among key proposals

The common viewpoint on both sites is that the stand-off with Kotak Mahindra Bank needs to be resolved at the earliest as it might be sending a wrong impression to the investor community, including the foreign institutions. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ESAb...

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RBI says no data on demonetised 500, 1,000 notes used at petrol pumps

On November 25, 2016, the exchange of old notes was stopped and the government allowed the use of only old 500 rupee notes at these utilities till December 15, 2016. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2tVv5...

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‘China, US reached consensus on many key currency exchange rate issues’

Press Trust of India Chinese and US officials discussed exchange rates and reached a consensus on many “important” issues during the latest round of n from Business Line - Money & Banking https://ift.tt/2TsyY...

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IDBI Bank considering renewal of term for current MD

IDBI Bank on Sunday said it is considering current MD Rakesh Sharma, for appointment for a further period of three years as its MD and Chief Execuitve, besides broadbasing the board to induct professionals and two deputy MDs. from Banking/Finance-Industry-Economic Times https://ift.tt/2TrcD...

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RBI-Kotak stand-off: Review panel for ownership norms among key proposals

The common viewpoint on both sites is that the stand-off with Kotak Mahindra Bank needs to be resolved at the earliest as it might be sending a wrong impression to the investor community, including the foreign institutions. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ESAb...

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RBI says no data on demonetised 500, 1,000 notes used at petrol pumps

On November 25, 2016, the exchange of old notes was stopped and the government allowed the use of only old 500 rupee notes at these utilities till December 15, 2016. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2tVv5...

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RBI-Kotak stand-off: Review panel for ownership norms among key proposals

Amid calls for changes to the contentious ownership norms for private sector lenders, the RBI is likely to look into various proposals including sett from Business Line - Money & Banking https://ift.tt/2HpcA...

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HDFC Ergo Title Insurance: Take cover for your property

Title insurance provides protection against financial losses due to property disputes from Business Line - Money & Banking https://ift.tt/2HcoU...

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Good ol’ RD for systematic investment

Recurring deposits are a good choice to balance your portfolio risk and create wealth from Business Line - Money & Banking https://ift.tt/2Ho2Q...

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IDFC First Bank Tax Saver Deposit: Lock into this attractive tax-saver deposit

With the RBI embarking on rate cuts, it may be prudent to lock into good rates now from Business Line - Money & Banking https://ift.tt/2HbVr...

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IDBI Bank appoints LIC as agent, forms joint group to identify synergies

The deal is expected to provide business synergies to it despite the lender's stressed balance sheet and high NPA. from Banking/Finance-Industry-Economic Times https://ift.tt/2F0rg...

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RBI-Kotak stand-off: Review panel for ownership norms among key proposals

The move is significant as it comes in the wake of the regulator having been dragged to the Bombay High Court by Kotak Mahindra Bank. from Banking/Finance-Industry-Economic Times https://ift.tt/2Uvdu...

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IDBI Bank, LIC constitute joint task force to chalk out future roadmap

The bank, in a statement issued on Sunday, said the joint task force has been constituted to realise the full potentials arising out of business synergies from Business Line - Money & Banking https://ift.tt/2VOni...

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Indian Overseas Bank cuts MCLR by up to 10 basis points

The two-year and three-year MCLRs are reduced by 0.10 percentage point each to 8.80 per cent and 8.90 per cent, respectively from Business Line - Money & Banking https://ift.tt/2VPpC...

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Indian Overseas Bank cuts MCLR by up to 10 bps

The new MCLR rates come to effect from March 10, 2019, the bank said in a regulatory filing. from Banking/Finance-Industry-Economic Times https://ift.tt/2J65j...

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Toxic IL&FS bonds seem to have now infected the armed forces

A few sections of the armed forces have invested their corpus of funds in the IL&FS bonds to secure their future. from Banking/Finance-Industry-Economic Times https://ift.tt/2Hljf...

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RBI may bar dual functions of rating agencies

The Reserve Bank of India may disallow credit rating agencies from the dual role of being advisor-cum-rating agencies for companies. from Banking/Finance-Industry-Economic Times https://ift.tt/2HpyU...

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Magma expects to close FY19 with 20 per cent advances growth

Its net income for the nine months to December 2018 rose 39 per cent to Rs 219 crore from Business Line - Money & Banking https://ift.tt/2NQPf...

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RBI says no data on demonetised 500, 1,000 notes used at petrol pumps

As much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, the RBI had stated in August last year from Business Line - Money & Banking https://ift.tt/2VUAi...

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PNB sanctions loans worth Rs 689 cr to 1,600 MSMEs via psbloansin59minutes.com

Under the Mudra Yojana, PNB has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019). from Banking/Finance-Industry-Economic Times https://ift.tt/2CdT6...

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IRDAI panel suggests host of steps for speedy settlement of insurance claims

The IRDAI had set up a WG to examine and deliberate upon the existing framework for surveyors and loss assessors from Business Line - Money & Banking https://ift.tt/2TDGx...

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Irdai panel suggests host of steps for speedy settlement of insurance claims

The Irdai had set up a Working Group (WG) to examine and deliberate upon the existing framework for surveyors and loss assessors and make its recommendations. from Banking/Finance-Industry-Economic Times https://ift.tt/2XRXr...

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PNB sanctions loans worth Rs 689 crore to 1,600 MSMEs via psbloansin59minutes.com

MSMEs through this portal can avail loans of up to Rs 1 crore in 59 minutes or less than an hour. MSMEs apply for loans using their GST registration as the portal is integrated with GST server at the back-end as well as IT, credit bureaus and banks. It is able to quickly score the applicant on individual models of lenders (currently only public sector banks). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2SUeS...

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