“Govt should not treat RBI at par with other departments under its control”

At a time when the Reserve Bank of India (RBI) is in loggerheads with the Centre over issues ranging from interest rate cuts to autonomy over its poli

from Business Line - Money & Banking https://ift.tt/2TUb2vH

Read more »

Karnataka Bank reports Rs 13 cr fraud to RBI

The fraud was on account of "diversion of funds", the lender said in a BSE filing.

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

Read more »

RBI delays implementation of new accounting rules again

India delayed the introduction of tough new accounting rules for the second year running, in a move that will spare the country’s banks from adding a

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

Read more »

RBI again defers Ind AS implementation by banks

"The legislative amendments recommended by the Reserve Bank are under consideration of the government of India. Accordingly, it has been decided to defer the implementation of Ind AS till further notice," the RBI said in a notification.

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

Read more »

India postpones accounting rules, sparing banks bad-loan piles

RBI said that legislative amendments needed to implement the new Indian Accounting Standards are still under consideration by the government.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Cxujs0

Read more »

HC gives relief to Grasim industries of Aditya Birla in the dividend tax case

The revenue department had raised the demand on Aditya Birla Capital (ABCL) shares that Grasim received after the demerger of Aditya Birla Capital from Aditya Birla Nuvo.

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

Read more »

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

The bonds with a face value of Rs 10 lakh each bears a coupon rate of 9.45 per cent per anum payable annually with call option after 5 years or any anniversary date thereafter, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U2EPl6

Read more »

Kotak to begin deploying money from two dedicated funds

The advisory arm of Kotak group has mopped up over $1 billion through the two funds as the company looks to invest in assets.

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

Read more »

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

The bonds with a face value of Rs 10 lakh each bears a coupon rate of 9.45 per cent per anum payable annually with call option after 5 years or any anniversary date thereafter, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U2EPl6

Read more »

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

The bonds with a face value of Rs 10 lakh each bears a coupon rate of 9.45 per cent per anum payable annually with call option after 5 years or any anniversary date thereafter, it said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U2EPl6

Read more »

BFSI banking on digital platforms

Changes in the banking industry are creating disruption. New technologies, new channels and strategies are forcing BFSI marketers to be agile. Severa

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

Read more »

Avenue India joins as new sponsor shareholder of Arcil

Asset Reconstruction Company (India) (Arcil), on Friday, announced Avenue India Resurgence Pte Ltd as its new sponsor shareholder following completion

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

Read more »

Repco Bank businesscrosses ₹15,000 crore

Repco Bank, a cooperative bank under the administrative control of the Ministry of Home Affairs, today announced that its business has crossed ₹15,000

from Business Line - Money & Banking https://ift.tt/2WgwXK7

Read more »

Mobile app to help visually-impaired identify currency: RBI to Bombay HC

The Reserve Bank of India (RBI) on Friday told the Bombay High Court that it was in the process of developing a mobile application to help the visual

from Business Line - Money & Banking https://ift.tt/2TR6eqB

Read more »

Neither billionaires nor poor can escape India’s NBFC funding crisis

When India’s shadow lenders sneeze, many others catch a cold.Debt concerns have pushed funding costs for non-bank financing companies to multi-year h

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

Read more »

Canara Bank to raise up to ₹ 2,750 cr via bond issue

State-owned Canara Bank on Friday said it has launched a bond issuance programme through its London branch to raise up to $ 400 million (about ₹ 2,7

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

Read more »

Accident-prone teens drive up mortality rates

Not surprisingly, even in the younger age-band, teenagers seem more prone to accidents.

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

Read more »

Indian Bank – carrying "Your Own Bank" tag with utmost pride!

Amidst the current challenging period for the banking sector in India, there is a Public Sector Bank that has outshined its peers. It is the Chennai-headquar...

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

Read more »

Lenders bank on personal loans to grow retail books

“Personal loan books have never grown to levels as it is now… It’s kind of a record book-size currently,” says Ramadasu Bandaru, AGM, CARE Ratings.

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

Read more »

NBFCs back in business of hiring

Companies may hire about 15,000 in FY20, indicating return of stability to the sector.

from Banking/Finance-Industry-Economic Times https://ift.tt/2HB7wzJ

Read more »

State of the matter: PSBs’ recoveries less than write-offs in Q3 of FY 2019

A clutch of banks together recovered Rs 35,058 crore while writing off loans worth Rs 44,998 crore.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2W8XJEe

Read more »

State of the matter: PSBs’ recoveries less than write-offs in Q3 of FY 2019

A clutch of banks together recovered Rs 35,058 crore while writing off loans worth Rs 44,998 crore.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2W8XJEe

Read more »

State of the matter: PSBs’ recoveries less than write-offs in Q3 of FY 2019

A clutch of banks together recovered Rs 35,058 crore while writing off loans worth Rs 44,998 crore.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2W8XJEe

Read more »

State of the matter: PSBs’ recoveries less than write-offs in Q3 of FY 2019

A clutch of banks together recovered Rs 35,058 crore while writing off loans worth Rs 44,998 crore.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2W8XJEe

Read more »

Election fever? Jan Dhan accounts show steep, steady increase in balance

Banks suspect poll candidates could be behind the trend

from Business Line - Money & Banking https://ift.tt/2U2ahjc

Read more »

Federal Bank branch shifts to new place

Federal Bank has shifted its Pattom branch office here to a renovated premises from March 7. SMN Swamy, Regional Director, RBI, Thiruvananthapuram, re

from Business Line - Money & Banking https://ift.tt/2JuU5Dc

Read more »

ICICI Bank’s digital tax collection hub in Mangaluru

Now the citizens of Mangaluru can pay over 20 types of taxes to Mangaluru City Corporation (MCC) at the digital tax collection centre of ICICI Bank.

from Business Line - Money & Banking https://ift.tt/2U02By1

Read more »

Federal Bank shifts to new place

Federal Bank has shifted its Pattom branch office here to a renovated premises from March 7. SMN Swamy, Regional Director, RBI, Thiruvananthapuram, re

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

Read more »

IBC: NeSL ‘gives creditors’ access to data real time

This will also help understand the debt profile of the borrower: S Ramann, MD

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

Read more »

ICICI Bank opens digital tax collection hub

Now the citizens of Mangaluru can pay over 20 types of taxes to Mangaluru City Corporation (MCC) at the digital tax collection centre of ICICI Bank.

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

Read more »

Serial entrepreneurs Mallesh Reddy, Vijay Krishnamurthy launch Insuremile

Insurance aggregator platform targets a cumulative premium of ₹800 cr in 5 years

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

Read more »

LIC may up digital sales to take on private players

Agents say need is for lower premium term plans

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

Read more »

Fed's move likely to benefit Indian markets

US Fed keeps rate unchanged, signals no rate hikes for 2019, citing economic slowdown as the reason

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

Read more »

US Fed officials expect no rate hike in 2019

The Federal Reserve does not expect to raise the benchmark lending rate again this year, according to a closely-watched forecast released Wednesday,

from Business Line - Money & Banking https://ift.tt/2FpdJw5

Read more »

IFFCO Tokio General Insurance inks strategic partnership with ESAF Small Finance Bank

ESAF to offer customers IFFCO Tokio’s gamut of general insurance solutions

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

Read more »

Private lender tag: IDBI officers approach Kerala HC seeking transfer to PSBs

The 'private lender' tag to IDBI Bank has forced more than 60 assistant managers of the bank to approach the High Court of Kerala seeking direction fo

from Business Line - Money & Banking https://ift.tt/2FpUR0e

Read more »

NBFCs borrow more from banks on liquidity crunch

Credit to NBFCs up 48% year-on-year till January; Highest growth in any loan segment reported by banks.

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

Read more »

MeitY is pushing everyone to accept common mobility cards

Government wants banks to deploy contactless payments-enabled point-of-sales terminals.

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

Read more »

IDBI Bank goes for operational rejig after LIC deal

It intends to shift focus from corporate lending to retail, and aspires to raise share of retail banking portfolio to 70% from 50% at present in 5 years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js3ECS

Read more »

Private banks maintain credit growth of 20% for 5th straight quarter

The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks remained subdued at 8.4% y-o-y, showed RBI data.

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

Read more »

Customers want to connect digitally: Surendra Rosha of HSBC India

Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js49wK

Read more »

IDBI Bank goes for operational rejig after LIC deal

It intends to shift focus from corporate lending to retail, and aspires to raise share of retail banking portfolio to 70% from 50% at present in 5 years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js3ECS

Read more »

Private banks maintain credit growth of 20% for 5th straight quarter

The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks remained subdued at 8.4% y-o-y, showed RBI data.

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

Read more »

Customers want to connect digitally: Surendra Rosha of HSBC India

Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js49wK

Read more »

IDBI Bank goes for operational rejig after LIC deal

It intends to shift focus from corporate lending to retail, and aspires to raise share of retail banking portfolio to 70% from 50% at present in 5 years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js3ECS

Read more »

Private banks maintain credit growth of 20% for 5th straight quarter

The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks remained subdued at 8.4% y-o-y, showed RBI data.

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

Read more »

Customers want to connect digitally: Surendra Rosha of HSBC India

Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js49wK

Read more »

IDBI Bank goes for operational rejig after LIC deal

It intends to shift focus from corporate lending to retail, and aspires to raise share of retail banking portfolio to 70% from 50% at present in 5 years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js3ECS

Read more »

Private banks maintain credit growth of 20% for 5th straight quarter

The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks remained subdued at 8.4% y-o-y, showed RBI data.

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

Read more »

Customers want to connect digitally: Surendra Rosha of HSBC India

Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js49wK

Read more »

IDBI Bank goes for operational rejig after LIC deal

It intends to shift focus from corporate lending to retail, and aspires to raise share of retail banking portfolio to 70% from 50% at present in 5 years

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js3ECS

Read more »

Private banks maintain credit growth of 20% for 5th straight quarter

The credit growth of private banks in the third quarter of the current fiscal was at 22% year-on-year (y-o-y), which remained over 20% for the fifth consecutive quarter. However, the credit growth of the public sector banks remained subdued at 8.4% y-o-y, showed RBI data.

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

Read more »

Customers want to connect digitally: Surendra Rosha of HSBC India

Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Js49wK

Read more »

How a bank clerk's alert led to the arrest of Nirav Modi

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2HLZyD1

Read more »

IRDAI issues new guidelines for crop-loss assessment

General insurers should put in place a robust system to register all requests of individual crop-loss assessment, said the Insurance Regulatory and De

from Business Line - Money & Banking https://ift.tt/2W6Igo2

Read more »

Nirav Modi’s legal team argues against his extradition

Arguing against the extradition of Nirav Modi — the billionaire diamantaire who was arrested in London on Wednesday — his legal team pointed to a num

from Business Line - Money & Banking https://ift.tt/2TZpr8Y

Read more »

Shriram City aims for quarterly reduction in NPAs

Hopes entry into newer markets will drive SME and two-wheeler loans

from Business Line - Money & Banking https://ift.tt/2Oii4nD

Read more »

Bank lending finds a big boost in shadow banks

This is the highest growth in any loan segment reported by banks, while credit to manufacturing fell 0.7%, according to Reserve Bank of India data.

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

Read more »

Despite rise in debit card issuance by banks, ATM numbers on the decline

As non-performing assets surge, lenders reluctant to shell out ₹3,200-4,800 crore to introduce lockable cassettes in ATMs

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

Read more »

Global banks shrink capital shortfalls under Basel rules

Top international banks collectively need €30 billion ($34 billion) of capital by January 2027 to fully comply with rules aimed at avoiding taxpayer

from Business Line - Money & Banking https://ift.tt/2FoSrz1

Read more »

ED to sell paintings, vehicles of Nirav Modi

Valued at ₹ 57 crore, a public auction will be held later this month

from Business Line - Money & Banking https://ift.tt/2YjgA1k

Read more »

Nirav Modi arrested in London

Nirav Modi was arrested on behalf of Indian authorities on Tuesday afternoon in London and is set to be produced before a judge at Westminster Magistr

from Business Line - Money & Banking https://ift.tt/2Tg7QVP

Read more »

South Indian Bank to raise up to ₹250 cr via Basel III compliant bonds

South Indian Bank on Wednesday said it will raise up to ₹250 crore by issuing Basel III compliant bonds. The Capital Planning and Infusion Committee

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

Read more »

Tight leash on NBFC funding may accelerate asset securitisations

Muthoot Capital wraps up Rs 236-crore two-wheeler securitisation transaction with HDFC-MF

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

Read more »

Digital platform Invoicemart crosses ₹ 2,500 cr biz volume

It facilitates financing of trade receivables of MSMEs from corporate and other buyers through multiple financiers

from Business Line - Money & Banking https://ift.tt/2TTEa5r

Read more »

RBI says no to IDBI Bank name change proposal

The Reserve Bank of India (RBI) has turned down IDBI Bank’s proposal to change its name following the transfer of controlling 51 per cent stake to ins

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

Read more »

RBI says no to IDBI Bank name change proposal

The board of IDBI Bank had last month sought RBI's approval for change in the name of the lender to either LIC IDBI Bank or LIC Bank following the takeover by LIC.

from Banking/Finance-Industry-Economic Times https://ift.tt/2uftT4Z

Read more »

Rating IDBI Bank as private is against public interest: AIBEA

In a letter to the RBI on Wednesday, AIBEA's General Secretary C.H. Venkatachalam conveyed the union's opposition to RBI's decision.

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

Read more »

IDBI Bank: AIBEA wants RBI to reconsider decision

Revert to categorising it as 'other public sector bank', AIBEA tells RBI Guv

from Business Line - Money & Banking https://ift.tt/2Wb66iz

Read more »

Regulating payments: One too many voices

That’s what finance secretary Subhash Chandra Garg has in store for the industry.

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

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

Kotak Investment rolls out $400 mn office fund

The $400-million India Office Assets Fund I is anchored by a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

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

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

IDBI Bank to borrow up to Rs 4,000 crore via bonds next fiscal year

Shares of the bank closed 0.12 percent down at Rs 43.35 apiece on the BSE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TMM2Gw

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

IDBI Bank to borrow up to Rs 4,000 crore via bonds next fiscal year

Shares of the bank closed 0.12 percent down at Rs 43.35 apiece on the BSE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TMM2Gw

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

IDBI Bank to borrow up to Rs 4,000 crore via bonds next fiscal year

Shares of the bank closed 0.12 percent down at Rs 43.35 apiece on the BSE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TMM2Gw

Read more »

IDBI Bank to borrow up to Rs 4,000 crore via bonds next fiscal year

Shares of the bank closed 0.12 percent down at Rs 43.35 apiece on the BSE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TMM2Gw

Read more »

SBI’s NBFC loan purchases at just Rs 17,000 crore so far, unlikely to meet full-year target

State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TXv7Ak

Read more »

IDBI Bank to borrow up to Rs 4,000 crore via bonds next fiscal year

Shares of the bank closed 0.12 percent down at Rs 43.35 apiece on the BSE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TMM2Gw

Read more »

IDBI Bank to borrow up to Rs 4,000 crore via bonds next fiscal year

Shares of the bank closed 0.12 percent down at Rs 43.35 apiece on the BSE.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TMM2Gw

Read more »

Withdraw automatic extension of policies: IRDAI to general insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has asked all general insurers, other than standalone health insurers and speciali

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

Read more »

Proposed dollar-rupee swap ‘has been received well’: RBI chief

Says there is an increasing need to give a permanent status to Finance Commission

from Business Line - Money & Banking https://ift.tt/2Wclrj0

Read more »

Northern Arc appoints Leo Puri as Independent non-executive chairman of Board

Northern Arc Capital (formerly IFMR Capital Finance) has announced the appointment of Leo Puri as its first Independent Non-Executive Chairman of the

from Business Line - Money & Banking https://ift.tt/2ufOm9J

Read more »

SBI inks pact with Bank of China

The country’s largest lender SBI on Tuesday said it has signed a pact with the Bank of China to boost business opportunities. SBI has signed a memora

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

Read more »

RBI seeks modification of NCLAT order in IL&FS case

The order passed by the tribunal has provided moratorium on repayment of loans regarding the accounts of IL&FS and its over 300 group companies

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

Read more »

SBI inks pact with Bank of China for business opportunities

Both banks' clients will be able to use the vast combined network to expand their businesses abroad.

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

Read more »

IBBI, SEBI sign pact for effective implementation of IBC

The Insolvency and Bankruptcy Board of India (IBBI) has signed a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SE

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

Read more »

Muthoot Capital Services bags award

Muthoot Capital Services Ltd, also known as Muthoot Blue, was presented with the much coveted ‘India’s Best Company of the Year Award 2018’ in automo

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

Read more »

Exim Bank gives $83 mn line of credit to Congo to finance 3 solar power projects

Exim Bank on Tuesday said it has given a loan of USD 83.11 million to Congo to finance three solar power projects in the central African country.Expo

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

Read more »

Sale deal in final stage of completion: Star Health

In October 2018, the CCI approved 100 per cent acquisition of Star Health and Allied Insurance Company Ltd by Safecrop Holdings Pvt Ltd and others.

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

Read more »

Companies feel the pinch as GIC ups reinsurance rate by almost eight times

GIC has justified the higher cost, saying that even with the revised rates the premium only matches claims in eight sectors where rates have been increased.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Jm3KvJ

Read more »

Mastercard concerned India data rules may hinder fraud detection

Mastercard and its larger rival Visa Inc. were among those that requested an extension after missing the RBI’s October deadline.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

RBI officials meet bankers, seek feedback on new liquidity tool

Senior officials from the Reserve Bank of India met about two dozen bankers on Monday for feedback on the central bank's new cash infusion tool, acco

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

Read more »

KVGB loans ₹83 cr to women

 The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB), which has launched a loan product exclusively for women on March 8, 2018, has receive

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Former IL&FS Financial Service directors say they weren't told of board's decisions

Restructured board says former executives had failed to discharge duties and raise red flags.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ObUs4a

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

Govt takes stock of recoveries from stressed assets through IBC

The meeting focussed on the progress made on recoveries so far, against the government’s FY19 target of Rs 1.8 lakh crore for PSBs, sources said. PSBs already recovered around Rs 1.1 lakh crore up to the last week and are on course to meeting the target once recovery from at least Essar Steel is made.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2THa8lU

Read more »

SBI board may extend Rs 20k-cr mop-up to FY20

State Bank of India (SBI) on Monday said its board will consider an extension of the approval accorded by the central board of the bank for raising equity capital of up to Rs 20,000 crore till March 31, 2020.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Fc3RVi

Read more »

We are adding quality to retail, agriculture and MSME loans: Padmaja Chunduru of India Bank

In the nine months ended December, 2018, Indian Bank achieved net business growth of close to 9% with both deposits and net advances contributing in almost equal measure.

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

Read more »

With rise in cyber attacks, bribery charges against officials, banks look to increase insurance cover

Faced with rising risks of cyber frauds and charges of bribery and corruption against senior officials, banks are ramping up their insurance cover in

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

Read more »

Affordable home loans under PMAY, a hit with middle-income customers

Subsidised home loans under Prime Minister Awas Yojana (PMAY) have become popular among the middle-class, and are driving loan growth for banks.“PMA

from Business Line - Money & Banking https://ift.tt/2W82r4V

Read more »

Upgraded version of HDFC Bank’s mobile banking app launched

Private sector lender HDFC Bank has relaunched the upgraded version of its mobile banking application (app), which was pulled down weeks after its l

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

Read more »

Tight liquidity in domestic market sees MFIs raising $53 m via ECB in FY19

Small and medium MFIs have been hit hard ever since the IL&FS crisis broke out

from Business Line - Money & Banking https://ift.tt/2W2O7us

Read more »

Central Bank to raise up to Rs 270 cr by issuing shares to employees

Stock of the bank closed 0.44 per cent down at Rs 33.85 on the BSE

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

Read more »

ICICI Lombard, MobiKwik join hands to provide cyber-insurance cover of ₹50,000

ICICI Lombard and Mobikwik on Monday announced a partnership to offer cyber-insurance cover of ₹50,000 crore to protect against online frauds. Genera

from Business Line - Money & Banking https://ift.tt/2HsrNr0

Read more »

ICICI Lombard, MobiKwik join hands to provide cyber-insurance cover of Rs 50,000

The cyber-insurance can be availed digitally through an app at only Rs 99 per month and with a sum insured of Rs 50,000, said a release.

from Banking/Finance-Industry-Economic Times https://ift.tt/2W9htYq

Read more »

Deutsche Bank in merger talks with Commerzbank

eutsche Bank, Europe's once-dominant financial institution, threw in the towel on years of failed turnaround efforts and agreed to begin government-backed merger talks with Commerzbank.

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

Read more »

Deutsche Bank is said to set up bad-loan buying unit in India

The German bank felt the need to have its own asset reconstruction company to buy and reorganize non-performing credit.

from Banking/Finance-Industry-Economic Times https://ift.tt/2W7BoXz

Read more »

Reserve Bank of India raises concern over role of ‘rating advisers’

Rating agencies have come under the glare after IL&FS bonds were downgraded from ‘triple-A’ (or, highest rating) to ‘D’ (or, default grade) in just 40 days.

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

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

IDBI Bank’s ‘private lender’ tag a bolt out of the blue for staff

“It’s like throwing the baby out with the bath water.’’ That’s how an officer of IDBI Bank, the first public sector bank to have been privatised in th

from Business Line - Money & Banking https://ift.tt/2Fa62c5

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI Bank’s name

The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said.The board of IDBI Bank last mont

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

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

Do away with KYC for low-value digital transactions, Nasscom tells RBI Panel

Also stresses need to increase use cases to drive digital payments

from Business Line - Money & Banking https://ift.tt/2TLa0C7

Read more »

First half of current fiscal shows some signs of capex recovery: RBI study

The projects sanctioned in the first half of 2018-19 show some recovery in the capital expenditure (capex) cycle, according to a Reserve Bank of India

from Business Line - Money & Banking https://ift.tt/2T8ku9v

Read more »

ING money laundering woes worsen after Bank of Italy inspections

The Bank of Italy asked ING Groep NV to avoid any business with new clients in the country after it fell short in recent anti-money laundering checks, adding to the Dutch lender’s compliance woes.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y0RrIs

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

RBI not in favour of changing IDBI’s name to LIC Bank

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2F2LvG4

Read more »

J&K Bank to sell stake in PNB Metlife for ₹ 185 cr

Jammu and Kashmir Bank on Sunday said it proposes to sell its stake in PNB Metlife India to private equity player Oman India Joint Investment Fund I

from Business Line - Money & Banking https://ift.tt/2XZJ28a

Read more »

With fresh capital, Lakshmi Vilas Bank looks to avoid Prompt Corrective Action

"The bank has been in touch with RBI and the management has informed them that efforts are on to turn around," a person familiar with the matter said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2W6Hqrr

Read more »

RBI not in favour of changing IDBI Bank's name

The board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank.

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

Read more »

Deutsche Bank set to announce merger talks with Commerzbank

Deutsche Bank was set on Sunday to confirm merger talks with fellow German lender Commerzbank, according to a person with knowledge of the matter, an

from Business Line - Money & Banking https://ift.tt/2Oh08Kt

Read more »

RBI to hold pre-policy meet with trade bodies, rating agencies on Mar 26

Reserve Bank of India (RBI) Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencie

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

Read more »

RBI not in favour of changing IDBI Bank's name

The IDBI Bank's proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed change in the name of the lender to either LIC IDBI Bank or LIC Bank, following its takeover by Life Insurance Corporation.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2THROt8

Read more »

IL&FS to receive first set of bids under asset monetisation process on Monday

The company's board will later consider bids for Rs 8,000 crore renewable energy business that was put on the block.

from Banking/Finance-Industry-Economic Times https://ift.tt/2W6uAtf

Read more »

Centrum to launch Rs 500 crore structured credit fund

Jaspal Bindra spent 18 years at various positions at the British bank Standard Chartered, where his last position was that of chief executive, the Asia Pacific region.

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

Read more »

RBI stands firm: No dilution of February 12 circular on stressed assets resolution

The Reserve Bank of India (RBI) on Saturday reiterated that it maintains its stand on all aspects of the revised framework on resolution of stressed assets issued on February 12, 2018, as per an RBI notification.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TaIit2

Read more »

RBI stands firm: No dilution of February 12 circular on stressed assets resolution

The Reserve Bank of India (RBI) on Saturday reiterated that it maintains its stand on all aspects of the revised framework on resolution of stressed assets issued on February 12, 2018, as per an RBI notification.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TaIit2

Read more »

RBI confirms! No dilution on February 12 circular on stressed assets resolution

The Reserve Bank of India (RBI) on Saturday reiterated that it maintains its stand on all aspects of the revised framework on resolution of stressed assets issued on February 12, 2018, as per an RBI notification.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TaIit2

Read more »

RBI confirms! No dilution on February 12 circular on stressed assets resolution

The Reserve Bank of India (RBI) on Saturday reiterated that it maintains its stand on all aspects of the revised framework on resolution of stressed assets issued on February 12, 2018, as per an RBI notification.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2TaIit2

Read more »

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/2HBOk46

Read more »

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/2HpTd0C

Read more »

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/2HBOj02

Read more »