IL&FS case: SFIO arrests Ramesh Bawa

Serious Fraud Investigation Office (SFIO) on Saturday arrested Ramesh C Bawa, Ex-Managing Director and Chief Executive Officer of IL&FS Financial

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

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5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

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5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

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5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

Read more »

5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

Read more »

5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

Read more »

5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

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India’s Economy needs to grow even faster : RBI Governor

India is expected to post real economic growth of 7.2 per cent in the 2019-2020 fiscal year

from Business Line - Money & Banking http://bit.ly/2P5Mvy5

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IL&FS case: Former MD & CEO Ramesh Bawa arrested

Earlier this month, the agency had arrested Hari Sankaran, the former vice chairman of IL&FS. He is currently lodged in Mumbai’s Byculla district jail.

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

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5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

Read more »

5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

Read more »

5G for banking! RBI preparing to adopt fifth generation technology

The 5G technology, along with blockchain, will be progressively adopted by banks.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kyq4my

Read more »

RBI Feb 12 circular: Why IBA wants ‘one-day default’ rule scrapped

Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least seven recommendations.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z5A0ac

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Kotak Bank cuts interest rate on select saving accounts

The new rates will be effective from April 15, 2019.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UeSj9e

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RBI Feb 12 circular: Why IBA wants ‘one-day default’ rule scrapped

Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least seven recommendations.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z5A0ac

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Kotak Bank cuts interest rate on select saving accounts

The new rates will be effective from April 15, 2019.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UeSj9e

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RBI Feb 12 circular: Why IBA wants ‘one-day default’ rule scrapped

Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least seven recommendations.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z5A0ac

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Kotak Bank cuts interest rate on select saving accounts

The new rates will be effective from April 15, 2019.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UeSj9e

Read more »

RBI Feb 12 circular: Why IBA wants ‘one-day default’ rule scrapped

Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least seven recommendations.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z5A0ac

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Kotak Bank cuts interest rate on select saving accounts

The new rates will be effective from April 15, 2019.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UeSj9e

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Digital lender Branch Int’l upbeat about India growth

Mobile app-based lender Branch International has, within a month of its foray into the Indian market, witnessed a huge uptake in loan applications. “W

from Business Line - Money & Banking http://bit.ly/2Iu8pcW

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ICICI Prudential AMC Office in Tirupur

ICICI Prudential AMC has forayed into Tirupur with the opening of a branch in the knitwear town. Haresh Sankar, Zonal Head - ICICI Prudential AMC – S

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

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‘Pension, provident funds have ₹9,134-cr exposure to IL&FS’

The debt-laden NBFC says it cannot be repaid immediately as it will hit the resolution process

from Business Line - Money & Banking http://bit.ly/2UxF1K3

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Vice President Venkaiah Naidu ask banks for stricter due diligence

The vice president said lenders must constantly strengthen their internal processes to effectively monitor funds and maintain strict discipline in lending.

from Banking/Finance-Industry-Economic Times http://bit.ly/2UxTZ2I

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India banks' loans jump 13.2 pct y/y in two weeks to March 29: RBI

Outstanding loans rose 2.14 trillion rupees ($30.96 billion) to 97.67 trillion rupees in the two weeks ended March 29.

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

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More PSU bank mergers in offing? RBI bats for further consolidation

the Reserve of Bank of India has suggested further consolidation in the banking sector as larger banks are more labour cost efficient as they reap economies of scale.

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

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More PSU bank mergers in offing? RBI bats for further consolidation

the Reserve of Bank of India has suggested further consolidation in the banking sector as larger banks are more labour cost efficient as they reap economies of scale.

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

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Banks need to upgrade their PoS as 2G phases out: Telecom department

The IDRBT Friday unveiled a White Paper on "5G Applications for Banking and Financial Services".

from Banking/Finance-Industry-Economic Times http://bit.ly/2P4VmA2

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IDRBT sets up 5G Lab for banking, financial sector

The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India, has launched a 5G Use Cases Lab for bankin

from Business Line - Money & Banking http://bit.ly/2D8h1mc

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Need ‘systemic reforms’ in banking sector, says Venkaiah Naidu

Farm loan waivers are not long term solutions for farmers

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

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Vijay Mallya renews application for appeal against extradition

A judge must now decide following an oral consideration in coming weeks if Mallya’s appeal can proceed to a full hearing

from Business Line - Money & Banking http://bit.ly/2Kvsd2g

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India’s bankruptcy delays lift bidders’ funding tab: JSW Steel

Almost 68 per cent of cases under the insolvency process had exceeded the 270-day deadline allowed as of December 31

from Business Line - Money & Banking http://bit.ly/2P57vow

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Kotak Mutual Fund works with Essel Group for 'optimal recovery' of dues

Kotak Mutual Fund said on Friday it is working with the promoters of Essel Group to ensure “optimal recovery” of dues owed by the conglomerate.Kotak

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

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MD & CEO Munish Sharda reveals how Future Generali India Life Insurance embraced adaptability in the digital era

A substantial part of his strategy, Sharda says, relies on a technology overhaul that involves making investments towards IT-powered enhancements to create competitiveness.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Gkw9Ob

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IMF, World Bank urge caution with China loans

IMF chief Christine Lagarde said the high debt levels and number of lenders, who do not all conform to international norms, also complicate any future efforts to restructure a country’s debt

from Business Line - Money & Banking http://bit.ly/2Kv5zao

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SBI puts Rs 8,453-crore bad loans up for sale in Q4

A loan account that has remained in NPA category for 5 years must be classified as a doubtful III account and fully provided for, as per RBI.

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

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Good news on growth front: Non-food credit grows 13.75%, deposits up 10%

The CD ratio of scheduled commercial banks stood at 77.65% in the fortnight ended March 29.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6pn51

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SBI Card charts out plans for a card-less world

SBI Card has partnerships with eight banks including SBI and has 10 retail co-branded partnerships.

from Banking/Finance-Industry-Economic Times http://bit.ly/2VDsT6F

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SBI puts Rs 8,453-crore bad loans up for sale in Q4

A loan account that has remained in NPA category for 5 years must be classified as a doubtful III account and fully provided for, as per RBI.

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

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Non-food credit grows 13.75%, deposits up 10%

The CD ratio of scheduled commercial banks stood at 77.65% in the fortnight ended March 29.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6pn51

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Banks close FY19 with 13.24% credit growth, deposits up 10.03%

Banks closed fiscal 2019 with robust disbursals that rose in double-digits for the second year in row, after the sub-5 percent in FY17, which was the lowest in five decades.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2v1jpq8

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IDBI Bank lowers lending rates by 5 basis points

The new one-year marginal cost of funds-based lending rate (MCLR), to which most of the loan pricing is based on, has been reduced to 9 percent, the bank said in a statement Thursday.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2P432T6

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BBB for autonomy to PSU banks to decide organisational structure

The Banks Board Bureau (BBB), the apex body for selection of whole-time directors of state-owned lenders, has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2v1Gf0S

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Banks close FY19 with 13.24% credit growth, deposits up 10.03%

Banks closed fiscal 2019 with robust disbursals that rose in double-digits for the second year in row, after the sub-5 percent in FY17, which was the lowest in five decades.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2v1jpq8

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IDBI Bank lowers lending rates by 5 basis points

The new one-year marginal cost of funds-based lending rate (MCLR), to which most of the loan pricing is based on, has been reduced to 9 percent, the bank said in a statement Thursday.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2P432T6

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BBB for autonomy to PSU banks to decide organisational structure

The Banks Board Bureau (BBB), the apex body for selection of whole-time directors of state-owned lenders, has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2v1Gf0S

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Reinsurance brokers permitted to open foreign currency accounts: RBI

Following the Irdai's notification, the extant regulations regarding opening of foreign currency accounts were reviewed.

from Banking/Finance-Industry-Economic Times http://bit.ly/2It9cei

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Brickwork downgrades DHFL’s debentures, FDs

Brickwork Ratings India Pvt Ltd has downgraded the credit ratings on Dewan Housing Financial Corporation’s facilities/instruments, including secured n

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

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MSME credit growth remains robust but CIBIL warns of possible NPA stack up: Report

The report said the mid and large corporate segment held the biggest share of the overall credit at about 43%, with an exposure of Rs 47.5 lakh crore.

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

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Bank deposits face competition in company NCDs

Aggregate deposits of banks have shrunk by Rs 4410 crore in the fortnight ending March 15.

from Banking/Finance-Industry-Economic Times http://bit.ly/2D8Bhnv

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Banks’ credit growth up 13.24% in FY2019

Deposits grew by a mere 10.03%

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

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Now, tap your phone and buy travel insurance from Reliance

You now have a convenient and hassle-free way to buy last-minute travel insurance at airports.Reliance General Insurance, a subsidiary of Reliance Ca

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

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Mega PSU banks in making: Recapitalisation done, now consolidation on reform agenda

Amalgamation of banks is part of the government’s efforts to create a few but strong state-run lenders with much larger balance sheet to support the increasing need for credit of the fast-growing economy.

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

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Agri-tourism projects of farmers to get KVG funds

In its efforts to provide additional revenue to farmers and to boost agri-tourism under its area of operation, the Dharwad-headquartered regional rura

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

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Poll season: Jan Dhan account balances rise by ₹2,540 crore in three weeks

Bankers say en-masse money transfers will be looked into as part of suspicious transactions

from Business Line - Money & Banking http://bit.ly/2P3HsOw

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MSME credit: Public sector banks’ share dips to 39%

The share of public sector banks in lending to micro, small and medium enterprises (MSME) has been declining although overall lending to the sector ha

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

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Mega PSU banks in making: Recapitalisation done, now consolidation on reform agenda

Amalgamation of banks is part of the government’s efforts to create a few but strong state-run lenders with much larger balance sheet to support the increasing need for credit of the fast-growing economy.

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

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Banks close FY19 with 13.24% credit growth, deposits up 10.03%

This is the second consecutive double-digits credit growth after the same had declined to 4.54 percent in FY17 at Rs 78.41 lakh crore, which was the lowest since 1963.

from Banking/Finance-Industry-Economic Times http://bit.ly/2UNq9qo

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IDBI Bank lowers lending rates by 5 bps

The new one-year marginal cost of funds-based lending rate (MCLR), to which most of the loan pricing is based on, has been reduced to 9 percent, the bank said in a statement Thursday.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Giq464

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IDBI Bank lowers lending rates by 5 bps

Following its larger rivals, LIC-owned IDBI Bank has reduced its lending rates by 5 basis points for most tenors, effective Friday.The new one-year ma

from Business Line - Money & Banking http://bit.ly/2uWw5yL

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Google Pay launches gold buying, partners MMTC-PAMP India

Through this partnership with India's only LBMA accredited gold refinery, Google Pay users will be able to buy 99.99 per cent 24-karat gold, Google said in a statement.

from Banking/Finance-Industry-Economic Times http://bit.ly/2G6Wdfv

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BBB for autonomy to PSU banks to decide organisational structure

In its activity report for October 2018 to March 2019, the board also recommended incentivisation scheme linked to performance.

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

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`Give PSU banks autonomy to decide organisational structure’

The banking apex body also recommends incentivisation scheme linked to performance

from Business Line - Money & Banking http://bit.ly/2Iqm4Sd

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Mega PSU banks in making: Recapitalisation done, now consolidation on reform agenda

Amalgamation of banks is part of the government’s efforts to create a few but strong state-run lenders with much larger balance sheet to support the increasing need for credit of the fast-growing economy.

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

Read more »

Mega PSU banks in making: Recapitalisation done, now consolidation on reform agenda

Amalgamation of banks is part of the government’s efforts to create a few but strong state-run lenders with much larger balance sheet to support the increasing need for credit of the fast-growing economy.

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

Read more »

Cash is king with millennials, but delays building credit history

Credit cards are a smart move for people who will pay off their bills each month

from Business Line - Money & Banking http://bit.ly/2uYSSK9

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How to say the 'R-word': bank executives grapple with recession talk

Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter e

from Business Line - Money & Banking http://bit.ly/2X43l2Z

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India needs to bolster level of capitalisation of government-owned banks: IMF

The Indian government in February said bad loans fell by Rs 31,168 crore in April-December 2018-19 compared to NPAs worth Rs 8,95,601 crore at March-end 2018.

from Banking/Finance-Industry-Economic Times http://bit.ly/2X7NFvP

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What if you go broke like Anil Ambani? Personal bankruptcy decoded

The IBC does contain a chapter relating to insolvency and bankruptcy process for individuals, but the rules for individual bankruptcy are yet to be notified.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GfE9Rr

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Morgan Stanley expects strong corporate earnings in Q4

Morgan Stanley is expecting strong Q4 for most corporate and banking sector in India led by strong loan growth, higher underlying margins and improvi

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

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Air Canada is dark horse in race for Jet Airways

SBI extends deadline for EoI to Friday

from Business Line - Money & Banking http://bit.ly/2D7plm9

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Business correspondents’ income model based on commissions unviable

Rural business correspondents have to bear the risk and equipment costs which squeeze their margins

from Banking/Finance-Industry-Economic Times http://bit.ly/2D6AaEY

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Mutual funds' Zee group exposure hits investors

As the name suggests, an FMP is an MF scheme that indicates a fixed return to investors after a pre-set time period, which could vary from a few months to a few years. FMPs of more than three years also offer lucrative post-tax returns and hence a large number of investors use these schemes as a substitute for bank fixed deposits.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2X0A219

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Public sector banks to get more govt capital in H1FY20

The finance ministry believes the worst is over for state-run banks as they are well capitalised at the moment. The government had infused around Rs 1.06 lakh crore in FY19.

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

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NBFCs paying more in raising funds via NCDs

NBFCs have been raising more funds from the NCD market since commercial banks appear to have slowed in extending credit to the sector.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In1amW

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IDBI Bank to hire around 950 after LIC takeover

IDBI Bank has called for applications for nearly 950 positions, many of them in specialised roles, after the bank was taken over by Life Insurance Corporation (LIC) of India.

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

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Federal Bank takes tips from Swiggy and Uber, may adopt Blockchain technology

Swiggy and Uber users are pushing bankers to adopt digital technologies, says Federal Bank COO.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ImP8tS

Read more »

Public sector banks to get more govt capital in H1FY20

The finance ministry believes the worst is over for state-run banks as they are well capitalised at the moment. The government had infused around Rs 1.06 lakh crore in FY19.

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

Read more »

NBFCs paying more in raising funds via NCDs

NBFCs have been raising more funds from the NCD market since commercial banks appear to have slowed in extending credit to the sector.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In1amW

Read more »

IDBI Bank to hire around 950 after LIC takeover

IDBI Bank has called for applications for nearly 950 positions, many of them in specialised roles, after the bank was taken over by Life Insurance Corporation (LIC) of India.

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

Read more »

Federal Bank takes tips from Swiggy and Uber, may adopt Blockchain technology

Swiggy and Uber users are pushing bankers to adopt digital technologies, says Federal Bank COO.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ImP8tS

Read more »

Public sector banks to get more govt capital in H1FY20

The finance ministry believes the worst is over for state-run banks as they are well capitalised at the moment. The government had infused around Rs 1.06 lakh crore in FY19.

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

Read more »

NBFCs paying more in raising funds via NCDs

NBFCs have been raising more funds from the NCD market since commercial banks appear to have slowed in extending credit to the sector.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In1amW

Read more »

IDBI Bank to hire around 950 after LIC takeover

IDBI Bank has called for applications for nearly 950 positions, many of them in specialised roles, after the bank was taken over by Life Insurance Corporation (LIC) of India.

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

Read more »

Federal Bank takes tips from Swiggy and Uber, may adopt Blockchain technology

Swiggy and Uber users are pushing bankers to adopt digital technologies, says Federal Bank COO.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ImP8tS

Read more »

NBFCs paying more in raising funds via NCDs

NBFCs have been raising more funds from the NCD market since commercial banks appear to have slowed in extending credit to the sector.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In1amW

Read more »

IDBI Bank to hire around 950 after LIC takeover

IDBI Bank has called for applications for nearly 950 positions, many of them in specialised roles, after the bank was taken over by Life Insurance Corporation (LIC) of India.

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

Read more »

Federal Bank takes tips from Swiggy and Uber, may adopt Blockchain technology

Swiggy and Uber users are pushing bankers to adopt digital technologies, says Federal Bank COO.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ImP8tS

Read more »

Public sector banks to get more govt capital in H1FY20

The finance ministry believes the worst is over for state-run banks as they are well capitalised at the moment. The government had infused around Rs 1.06 lakh crore in FY19.

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

Read more »

NBFCs paying more in raising funds via NCDs

NBFCs have been raising more funds from the NCD market since commercial banks appear to have slowed in extending credit to the sector.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In1amW

Read more »

IDBI Bank to hire around 950 after LIC takeover

IDBI Bank has called for applications for nearly 950 positions, many of them in specialised roles, after the bank was taken over by Life Insurance Corporation (LIC) of India.

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

Read more »

Federal Bank takes tips from Swiggy and Uber, may adopt Blockchain technology

Swiggy and Uber users are pushing bankers to adopt digital technologies, says Federal Bank COO.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ImP8tS

Read more »

Public sector banks to get more govt capital in H1FY20

The finance ministry believes the worst is over for state-run banks as they are well capitalised at the moment. The government had infused around Rs 1.06 lakh crore in FY19.

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

Read more »

NBFCs paying more in raising funds via NCDs

NBFCs have been raising more funds from the NCD market since commercial banks appear to have slowed in extending credit to the sector.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In1amW

Read more »

IDBI Bank to hire around 950 after LIC takeover

IDBI Bank has called for applications for nearly 950 positions, many of them in specialised roles, after the bank was taken over by Life Insurance Corporation (LIC) of India.

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

Read more »

Federal Bank takes tips from Swiggy and Uber, may adopt Blockchain technology

Swiggy and Uber users are pushing bankers to adopt digital technologies, says Federal Bank COO.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ImP8tS

Read more »

HFCs holding rate cuts over high bond yields, cash crunch

Although the RBI reduced rates by 25 basis points each on April 4 and February 7, seeking to push economic growth, banks find it hard to pass on the benefit.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Ib5KWa

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RBI needs to fortify forex reserves further by $20 billion: HSBC

This would be a halfway climb to the record $450 billion reserves the country held last year, says the report

from Business Line - Money & Banking http://bit.ly/2v5LdKl

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INTUC upset on mention of PSB merger in party’s election manifesto

The banking affiliate of Congress’ Indian National Trade Union Congress (INTUC) has expressed disappointment at the party including merger of public s

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

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Brexit effect: Investors snap up Swiss bonds

South Korean borrowers are selling Swiss franc bonds at a record pace, taking advantage of increased demand from European investors for such notes on

from Business Line - Money & Banking http://bit.ly/2IuHI7M

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KVB customers may have to pay extra fee for looking up locker more often

The bank to levy a charge of ₹200 + GST beyond 12 visits per year

from Business Line - Money & Banking http://bit.ly/2Gdt9nQ

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FDI policy in pension sector: PFRDA to frame guidelines to bring clarity

Asks States to provide employees subscribing to NPS wider fund manager choice, higher equity exposure

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

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Delhi HC asks RBI to explain how Google's G Pay is operating

The division bench comprising of Delhi Chief Justice Rajendra Menon and Justice Anup Jairam Bhambhani was hearing the petition filed by Abhijit Mishra.

from Banking/Finance-Industry-Economic Times http://bit.ly/2uVJ3N5

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Sensex plunges 354 points; Nifty ends below 11,600

On the BSE index, Bharti Airtel, Asian Paints, HDFC twins (HDFC and HDFC Bank), TCS, HCL Tech and Tata Steel were among the worst performers with their stocks sliding as much as 3.64 per cent. 23 out of 30 stocks ended in red on BSE. On NSE, sub-indices Nifty Financial Service, PSU Bank and Bank witnessed major losses, down as much as 1.13 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UtH6qu

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Irdai asks insurers to share status of claims with policyholders from July 1

Insurance companies will have to inform about claim settlement status to policyholders at various stages of processing from July, Irdai said on Wedne

from Business Line - Money & Banking http://bit.ly/2Z33uFC

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Banks digital transformation should start with customer experience

`It need to go beyond offering customers a product or a service and own the experience instead’

from Business Line - Money & Banking http://bit.ly/2P3h5YR

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How GPay operating without authorisation: HC to RBI

A bench of Chief Justice Rajendra Menon and Justice A J Bhambhani posed the query to RBI while hearing a PIL which claimed that GPay was acting as a payments system provider in violation of the Payments and Settlements Act as it has no valid authorisation from the central bank of the country to carry out such functions.

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

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How is Google’s GPay operating without authorisation: Delhi HC asks RBI

The Delhi High Court on Wednesday asked the Reserve Bank of India (RBI) how Google’s mobile payment app, GPay, was facilitating financial transactions

from Business Line - Money & Banking http://bit.ly/2D5OgGx

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Centre assigns new roles for top brass of erstwhile Vijaya Bank, Dena Bank

The Appointments Committee of the Cabinet (ACC) has approved a slew of proposals of the Department of Financial Services (DFS), providing new postings

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

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SBI cuts lending rates by 5 bps; most competitive among top banks

SBI cut its MCLR rates for the overnight, one-month, three-month, six-month and one-year tenors by 5 basis points (bps) to 8.15%, 8.15%, 8.20%, 8.35% and 8.50%, respectively. According to the bank, lending rates on loans linked to the MCLR will be cut by 5 bps.

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

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Banks’ net interest income to rise over 20% y-o-y in Q4: Analysts

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ua6QDn

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IndusInd Bank prices maiden dollar bond at 185 bps over US Treasury yield

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

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

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View: Challenges of rate benchmarking

As the system migrates towards the external benchmarking, the rate transmission is likely to be swifter.

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

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Six months on, 'Mission IL&FS' is proving to be more difficult than thought

reviving IL&FS and shepherding its turnaround is crucial to infrastructure - and capital-deficient India.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Ic26eB

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Deepak Kochhar account records lost in calamity: BVI

“This is not the first time BVI has cited natural calamity as the reason behind failing to share information,” said an official.

from Banking/Finance-Industry-Economic Times http://bit.ly/2P3w19K

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SBI cuts lending rates by 5 bps; most competitive among top banks

SBI cut its MCLR rates for the overnight, one-month, three-month, six-month and one-year tenors by 5 basis points (bps) to 8.15%, 8.15%, 8.20%, 8.35% and 8.50%, respectively. According to the bank, lending rates on loans linked to the MCLR will be cut by 5 bps.

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

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Banks’ net interest income to rise over 20% y-o-y in Q4: Analysts

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ua6QDn

Read more »

IndusInd Bank prices maiden dollar bond at 185 bps over US Treasury yield

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

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

Read more »

SBI cuts lending rates by 5 bps; most competitive among top banks

SBI cut its MCLR rates for the overnight, one-month, three-month, six-month and one-year tenors by 5 basis points (bps) to 8.15%, 8.15%, 8.20%, 8.35% and 8.50%, respectively. According to the bank, lending rates on loans linked to the MCLR will be cut by 5 bps.

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

Read more »

Banks’ net interest income to rise over 20% y-o-y in Q4: Analysts

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ua6QDn

Read more »

IndusInd Bank prices maiden dollar bond at 185 bps over US Treasury yield

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

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

Read more »

SBI cuts lending rates by 5 bps; most competitive among top banks

SBI cut its MCLR rates for the overnight, one-month, three-month, six-month and one-year tenors by 5 basis points (bps) to 8.15%, 8.15%, 8.20%, 8.35% and 8.50%, respectively. According to the bank, lending rates on loans linked to the MCLR will be cut by 5 bps.

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

Read more »

Banks’ net interest income to rise over 20% y-o-y in Q4: Analysts

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ua6QDn

Read more »

IndusInd Bank prices maiden dollar bond at 185 bps over US Treasury yield

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

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

Read more »

SBI cuts lending rates by 5 bps; most competitive among top banks

SBI cut its MCLR rates for the overnight, one-month, three-month, six-month and one-year tenors by 5 basis points (bps) to 8.15%, 8.15%, 8.20%, 8.35% and 8.50%, respectively. According to the bank, lending rates on loans linked to the MCLR will be cut by 5 bps.

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

Read more »

Banks’ net interest income to rise over 20% y-o-y in Q4: Analysts

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ua6QDn

Read more »

IndusInd Bank prices maiden dollar bond at 185 bps over US Treasury yield

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

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

Read more »

SBI cuts lending rates by 5 bps; most competitive among top banks

SBI cut its MCLR rates for the overnight, one-month, three-month, six-month and one-year tenors by 5 basis points (bps) to 8.15%, 8.15%, 8.20%, 8.35% and 8.50%, respectively. According to the bank, lending rates on loans linked to the MCLR will be cut by 5 bps.

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

Read more »

Banks’ net interest income to rise over 20% y-o-y in Q4: Analysts

Even as banks see a rise in core income and a drop in fresh bad loans, they may see a fall in non-interest income, with treasury income falling sharply on a sequential basis.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ua6QDn

Read more »

IndusInd Bank prices maiden dollar bond at 185 bps over US Treasury yield

The initial price guidance stood at 210 bps over the US Treasury. The bank indicated that with 3.5 times over-subscription, the final price tightened by 25 bps.

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

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Centre asks CVC for clarity over supervision in privatised IDBI bank

In January, the Reserve bank of India had classified IDBI Bank as a private sector lender.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FZt8T8

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SBI cuts interest rates, loans get cheaper; deposits to also fetch less returns

Similarly, the bank also revised savings rates from May 1.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2I9DxiD

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Fitch affirms ‘BBB-‘ rating to Exim Bank, stable outlook

Its board has representation from ministries of finance, external affairs and commerce & industry.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2G9NTN4

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Now, regional sales execs to help slash turnaround time at Karnataka Bank

Karnataka Bank, which has introduced the regional sales executive (RSE) concept, hopes to cover 60-70 per cent of branches under this concept in the

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

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Lakshmi Vilas Bank board to meet on April 12 to approve fund-raising plans

The Tamil Nadu-based lender had, last week, announced plans to merge with Indiabulls Housing Finance through a share swap deal

from Business Line - Money & Banking http://bit.ly/2D4L12a

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The downfall of Jet Airways: How India's premium airline crumbled

The idea was to shore up confidence in one of India's biggest brands, squeezed by low fares and high costs. But some lessors quickly lost patience as the bank did not provide details and Jet's founder angrily defied them to take back planes.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2KjPi7P

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Bajaj Finserv to ramp up digital offerings of insurance biz in next 12 months: CEO Sanjiv Bajaj

Will also expand digital lending into Tier 3 and Tier 4 towns, says Sanjiv Bajaj

from Business Line - Money & Banking http://bit.ly/2GbTi6r

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IndusInd Bank raises $400 million in funds

Private sector lender IndusInd Bank, on Tuesday, said it has raised $400 million in funds at a coupon rate of 3.875 per cent per annum, payable semi-a

from Business Line - Money & Banking http://bit.ly/2G1AwNI

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SBI cuts interest rates, loans get cheaper; deposits to also fetch less returns

Similarly, the bank also revised savings rates from May 1.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2I9DxiD

Read more »

Fitch affirms ‘BBB-‘ rating to Exim Bank, stable outlook

Its board has representation from ministries of finance, external affairs and commerce & industry.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2G9NTN4

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Dvara KGFS acquires Varam Capital

According to Dvara, Varam Capital’s presence in Chhattisgarh and products will enable the combined entity to have a bigger presence in the country’ eastern region

from Banking/Finance-Industry-Economic Times http://bit.ly/2uXn8oW

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Despite differences, BJP and Cong sing the same tune on PSB merger

Congress to take forward amalgamation of PSBs, which was initiated by the BJP-led NDA government during its five-year rule

from Business Line - Money & Banking http://bit.ly/2Unu2CZ

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SBI cuts interest rates, loans get cheaper; deposits to also fetch less returns

Similarly, the bank also revised savings rates from May 1.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2I9DxiD

Read more »

Fitch affirms ‘BBB-‘ rating to Exim Bank, stable outlook

Its board has representation from ministries of finance, external affairs and commerce & industry.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2G9NTN4

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India to grow at 7.3% in 2019; 7.5% in 2020: IMF

In 2018, India's growth rate was 7.1 per cent, as against China's 6.6 per cent. In 2019, the International Monetary Fund (IMF) projected a growth rate of 6.3% for China and 6.1 % in 2020, according to the latest World Economic Outlook projections released ahead of the annual spring meetings of the International Monetary Fund and the World Bank.

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

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SBI cuts interest rates, loans get cheaper; deposits to also fetch less returns

Similarly, the bank also revised savings rates from May 1.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2I9DxiD

Read more »

Fitch affirms ‘BBB-‘ rating to Exim Bank, stable outlook

Its board has representation from ministries of finance, external affairs and commerce & industry.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2G9NTN4

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Dvara KGFS acquires Varam Capital

Our BureauDvara KGFS (formerly IFMR Rural Channels and Services), on Tuesday, announced the acquisition of Chennai-based micro finance institution (MF

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

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SBI cuts lending rate by 5 bps

Slashes housing loan rate by 10 bps

from Business Line - Money & Banking http://bit.ly/2YYN29w

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SBI cuts lending rate by 5 basis points

State Bank of India (SBI) has pared its marginal cost of funds based lending rate (MCLR) by 5 basis points to 8.50 per cent across all tenors, making

from Business Line - Money & Banking http://bit.ly/2U2liNr

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IFC extends $3 million loan to SLCM Limited

IFC’s investment will help the company bring sophisticated warehousing and allied services to Myanmar.

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

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Paytm plans digital distribution of general insurance this fiscal: CEO

KR SrivatsMobile payments platform Paytm will undertakedigital distribution of general insurance products this fiscal, said its Founder and CEO, Vij

from Business Line - Money & Banking http://bit.ly/2OZe3VR

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IOB reduces lending rate by a marginal 5 bps to 8.65%

The state-run Indian Overseas Bank on Tuesday reduced its lending rate by a marginal 5 bps on loan tenors of one-year and above, effective Wednesday.

from Business Line - Money & Banking http://bit.ly/2P2cW7B

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French bank Societe Generale to cut 1,600 jobs

750 jobs to go in France on voluntary basis and other cuts to take place in New York and London

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

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Srei opens bond issue to raise up to Rs 500 cr

Srei Infrastructure Finance on Tuesday opened its bond issue to raise up to Rs 500 crore for on-lending and meeting general corporate needs. The fir

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

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Sensex jumps 239 points to close at 38,939; Nifty above 11,650

Yes Bank, Tata Motors, ICICI Bank, Coal India, Baja Auto and Hero MotorCorp were among the major gainers on the BSE index with their stocks surging as much as 4.08 per cent. 25 out of 30 stocks ended in green on the 30-share BSE platform. On NSE, except for Nifty Media, all other sub-indices witnessed strong gains with Nifty PSU Bank, Realty and Auto rising the most, up as much as 1.64 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2G03kGl

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Banks to post better performance in FY20

Outlook for lenders improving on reduction in stressed loans and improving profitability

from Business Line - Money & Banking http://bit.ly/2WYn7wD

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NCLAT seeks information on exposure to IL&FS ‘amber’ companies

All but 50 of the 169 domestic group companies of IL&FS are currently enjoying a moratorium on all financial claims against them ordered by NCLAT.

from Banking/Finance-Industry-Economic Times http://bit.ly/2VvVT05

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View: How to ringfence the IBC

It is true that NCLT and NCLAT often had to adjudicate. But there are certain innovations possible within IBC.

from Banking/Finance-Industry-Economic Times http://bit.ly/2U1LasJ

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NCLAT seeks details about 4 IL&FS group entities

The NCLAT also made clear that it has not stopped IL&FS and its group entities from going for resolution process.

from Banking/Finance-Industry-Economic Times http://bit.ly/2UoO5Rj

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Asian Colour Coated’s lenders seek deadline extension to submit bids

The Committee of Creditors (CoC) and Insolvency Resolution Professional (IRP) of stressed steel products manufacturer Asian Colour Coated Ispat have

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

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SBI bifurcates Mumbai circle

State Bank of India, on Monday, launched Mumbai Metropolitan Business region as a separate circle. The new circle has been formed by bifurcating the M

from Business Line - Money & Banking http://bit.ly/2VDtxB2

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Urban middle class upbeat about next 12 months: HSBC survey

SurabhiNotwithstanding concerns about a slowdown, a new survey by HSBC has found a majority of the Indian urban middle class to be positive about the

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

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HDFC Bank to raise up to₹50,000 cr through debt

Our BureauPrivate sector lender HDFC Bank plans to raise up to ₹50,000 crore through debt over the next 12 months. “We wish to inform you that the ban

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

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Sensex, Nifty end lower in volatile trade

Among the sensex constituents, Yes Bank emerged as biggest laggard with 2.66% drop in share price. Other top losers were Bajaj Finance, Vedanta, Tata Motors, Reliance Industries and SBI - dropping as much as 2.57 per cent. On the other hand, Infosys, Mahindra and Mahindra, ONGC, TCS, PowerGrid and NTPC closed with significant gains on the sensex chart.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2D27jlh

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SBI invites EoI to sell NPA accounts to recover Rs 423 crore

e-auction for the NPA accounts - Kamachi Industries and SNS Starch - is scheduled for April 25

from Business Line - Money & Banking http://bit.ly/2I6zuDF

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India's GDP to grow at 7.5% in FY20: World Bank

On the demand side, domestic consumption remained the primary growth driver, but gross fixed capital formation and exports both made growing contributions. Over the last quarter, growth is expected to remain balanced across sectors, the report said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2OZ0hCC

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Vijay Mallya's appeal against extradition order rejected by UK court: Report

Mallya had filed his application in the UK high court, seeking permission to appeal against an extradition order signed by the British home secretary. The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) are probing parallel criminal cases against him for an alleged bank loan default of Rs 9,000 crore.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2D3xg3Q

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Turning ash into gold: SBI eyes Rs 423 crore recovery from two dud accounts

Steel maker Kamachi Industries has an outstanding of Rs 364.80 crore while SNS Starch --which manufactures and exports various grades of starch -- owes Rs 58.87 crore to SBI.

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

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PNB to get capital boost; housing finance stake sale credit positive for PSU bank

Last month state-run Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore (USD 270 million) to global private equity firm General Atlantic Group and alternative investment firm Varde Partners.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2OUKZP7

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Turning ash into gold: SBI eyes Rs 423 crore recovery from two dud accounts

Steel maker Kamachi Industries has an outstanding of Rs 364.80 crore while SNS Starch --which manufactures and exports various grades of starch -- owes Rs 58.87 crore to SBI.

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

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PNB to get capital boost; housing finance stake sale credit positive for PSU bank

Last month state-run Punjab National Bank announced that it will sell 13 per cent stake in PNB Housing Finance for Rs 1,850 crore (USD 270 million) to global private equity firm General Atlantic Group and alternative investment firm Varde Partners.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2OUKZP7

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HDFC Bank plans to raise $7.19 billion via debt issue

HDFC Bank Ltd said on Monday it plans to raise up to Rs 500 crores ($7.19 billion) by issuing debt over the next 12 months.The bank proposes to issue

from Business Line - Money & Banking http://bit.ly/2G8PvXt

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KIIFB clears air on Canadian Fund, says masala bonds rate is best possible

The Canadian SNC-Lavalin has been in the news in Kerala from 1997 after its alleged involvement in a corruption case

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

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Jet Airways lenders lay out bid terms for 75 per cent stake in airline

The last day for the submitting the bids is April 10

from Business Line - Money & Banking http://bit.ly/2U3IhaO

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Kerala entity's masala bond issue sparks interest among other states

It was during the acute current account deficit crisis in 2013 that the Union Finance Ministry with Raghuram Rajan as Chief Economic Adviser had come up with the idea of masala bonds

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

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Proceeds from PNB’s stake sale in PNB Housing Finance to strengthen the bank’s capital:Moody’s

Despite the bank's losses over the past few quarters, PNB’s reported CET1 ratio has improved as a result of government capital infusions and a reduction in risk weighted assets, Moody’s said.

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

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Future Consumer may Raise Rs 350cr from investors & promoter group

The board also approved the acquisition of personal care portfolio of Ahmedabad-based cosmeceutical and therapeutic beauty treatment company.

from Banking/Finance-Industry-Economic Times http://bit.ly/2UnEme1

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Don’t allow Lakshmi Vilas Bank to merge with Indiabulls Housing Finance, AIBEA tells RBI

The All India Bank Employees' Association (AIBEA) has urged RBI Governor Shakthikanta Das to not allow the proposed merger of Lakshmi Vilas Bank (LVB

from Business Line - Money & Banking http://bit.ly/2WPBdk0

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Plea against Valecha unit for Rs 105-cr default

The tribunal has also appointed Udayraj Patwardhan as interim resolution professional (IRP) for the resolution of the company.

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

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Banks working on legal pact for ‘good’ loans

Most banks have made changes to their credit processes after bad debts piled up, with many either cutting down on lending to projects or increasing the rating requirements.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FWM8BF

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Will realty-linked NBFCs get banking licence now?

Questions are being raised on whether this will open doors for other NBFCs to acquire distressed banks and get a deposit-taking licence.

from Banking/Finance-Industry-Economic Times http://bit.ly/2FVkK7c

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ICRA reaffirms rating for Edelweiss Financial NCDs

ICRA has revised the outlook on the non-convertible debentures (NCDs) aggregating ₹466 crore of Edelweiss Financial Services Ltd (EFSL) to negative, f

from Business Line - Money & Banking http://bit.ly/2G559Dp

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RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank

"It is also clarified that presence of additional directors nominated by the RBI on the Board of LVB (Lakshmi Vilas Bank) does not imply any approval of the RBI of the merger proposal", the central bank said in a statement on Saturday, adding that the directors have no view on the deal.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WQ5j6T

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RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank

"It is also clarified that presence of additional directors nominated by the RBI on the Board of LVB (Lakshmi Vilas Bank) does not imply any approval of the RBI of the merger proposal", the central bank said in a statement on Saturday, adding that the directors have no view on the deal.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WQ5j6T

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Livfin to raise ₹200 cr in equity funding

First tranche of ₹40 crore to be raised by June

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

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RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank

"It is also clarified that presence of additional directors nominated by the RBI on the Board of LVB (Lakshmi Vilas Bank) does not imply any approval of the RBI of the merger proposal", the central bank said in a statement on Saturday, adding that the directors have no view on the deal.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WQ5j6T

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RBI to examine merger proposal of Indiabulls and Lakshmi Vilas Bank

"It is also clarified that presence of additional directors nominated by the RBI on the Board of LVB (Lakshmi Vilas Bank) does not imply any approval of the RBI of the merger proposal", the central bank said in a statement on Saturday, adding that the directors have no view on the deal.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WQ5j6T

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Lok Sabha polls 2019: Congress promises interest waiver for education loans

To introduce single-window system for education loans if voted to power, says Rahul Gandhi

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

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RBI yet to approve Lakshmi Vilas Bank-IHFL merger

The RBI statement further noted that it would examine the proposals as per extant regulatory guidelines and directions and when it receives them from the entities concerned.

from Banking/Finance-Industry-Economic Times http://bit.ly/2G5XdBJ

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ARCIL revives ailing Malwa Industries with working capital funding

Malwa Industries is one the few integrated denim manufacturers in the country with all activities from spinning to garmenting under one roof in India's cotton belt Ludhiana.

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

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Irdai mulls offering installment mode of insurance claim settlement for certain policies

Irdai had set up a working group to study a proposal in this regard and the panel had submitted its report in January this year

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

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RBI says LVB-Indiabulls Housing Fin merger proposal to be examined according to norms; no approval as yet

A day after the board of Lakshmi Vilas Bank (LVB) approved the merger of the private sector lender with Indiabulls Housing Finance (IBH) through a sha

from Business Line - Money & Banking http://bit.ly/2G4O3p6

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12 people lose Rs 10 lakh after using ATMs in east Delhi

The victims claimed that money from their accounts was withdrawn from ATMs in Noida and east Delhi without their knowledge.

from Banking/Finance-Industry-Economic Times http://bit.ly/2OUN1yB

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