RBI to soon issue greenish-yellow Rs 20 note with motif of Ellora Caves

The new notes will bear the signature of the RBI governor Shaktikanta Das and will have a motif of Ellora Caves on the reverse, symbolic of India's heritage. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ILxi...

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RBI to soon issue greenish-yellow Rs 20 note with motif of Ellora Caves

The new notes will bear the signature of the RBI governor Shaktikanta Das and will have a motif of Ellora Caves on the reverse, symbolic of India's heritage. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2ILxi...

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Canara Bank, Canara HSBC OBC Life launch ‘Webassurance’

Public sector lender Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance on Saturday announced the launch from Business Line - Money & Banking http://bit.ly/2J0kE...

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Cholamandalam Q4 net rises marginally

Cholamandalam Investment & Finance Company Ltd (CIFCL) has reported a modest increase in its net profit at ₹292 crore for the quarter ended March from Business Line - Money & Banking http://bit.ly/2V0vy...

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Bank of Baroda goes in for new organisation structure

The rejig aimed at improving overall efficiency of Bank of Baroda after its amalgamation with Vijaya Bank and Dena Bank from Business Line - Money & Banking http://bit.ly/2IKsp...

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Centre nominates seven RBI Directors in various PSBs

The Centre has nominated seven directors, commonly referred as RBI directors, to the Boards of various public sector banks (PSBs). These directors hav from Business Line - Money & Banking http://bit.ly/2IYik...

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RBI fears disclosure of sensitive information

While inspection reports even point to minute deviations from the prescribed norms — which are usually rectified by banks once the regulator brings it to their attention — the central bank fears that making these reports public may cause panic among depositors and shareholders as minor violations may be blown out of proportion, creating the possibility of a run on a bank. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UZI2...

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Axis, StanC CEOs get NCLT contempt notices

The Mumbai bench of NCLT issued contempt notices to Axis Bank CEO Amitabh Chaudhry, Standard Chartered Bank India CEO Zarin Daruwala and Bawa after the corporate affairs ministry alleged that the banks facilitated Bawa to withdraw/transfer money from their accounts to his wife Ashakiran and daughter Akansha, apart from letting him access the lockers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DBfc...

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Yes Bank posts Rs 1,506 crore Q4 loss on NPA provisions

The bank on Friday also announced the appointment of Shagun Kapur Gogia and Ravindra Kumar Khanna as additional directors (non-executive, non-independent), subject to the approval of shareholders at the next annual general meeting. The appointments are based on joint recommendations from two promoter groups. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2WbbS...

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RBI to issue new Rs 20 denomination banknotes

The RBI has announced that it will shortly issue Rs 20 denomination banknotes, in the Mahatma Gandhi (New) series, bearing the signature of the central bank's governor Shaktikanta Das. "The Rs 20 note will be greenish-yellow in colour. The new banknote has a motif of Ellora Caves on the reverse, depicting the country's cultural heritage," RBI said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2INiS...

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Clean-up has Yes Bank in Rs 1,506-cr net loss as provisions soar over nine-times

Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 crore in the year-ago period as provisions soared over nine-times. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XLfJ...

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Clean-up has Yes Bank in Rs 1,506-cr net loss as provisions soar over nine-times

Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 crore in the year-ago period as provisions soared over nine-times. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XLfJ...

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Clean-up has Yes Bank in Rs 1,506-cr net loss as provisions soar over nine-times

Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 crore in the year-ago period as provisions soared over nine-times. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XLfJ...

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Make list of defaulters public or face charge of contempt, SC tells RBI

The SC has directed RBI to disclose names of loan defaulters under the RTI Act and also asked it to make public the inspection reports containing critical assessment of functioning of banks and financial institutions. The bench held that RBI committed contempt of court, it, however, did not pass any punitive order and let the regulator off with a warning. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UIYI...

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Supreme Court vs RBI: Naming and shaming will curb wilful defaults, usher in transparency

Bad Loans: Supreme Court's stern warning to Reserve Bank to disclose details under RTI law will herald a new chapter of transparency in India's banking system. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XRTi...

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Supreme Court vs RBI: Naming and shaming will curb wilful defaults, usher in transparency

Bad Loans: Supreme Court's stern warning to Reserve Bank to disclose details under RTI law will herald a new chapter of transparency in India's banking system. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XRTi...

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Total balance in Jan Dhan accounts touches ₹1-lakh cr

Five years after its launch, the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme has achieved a total balance of ₹1-lakh crore.According to the latest from Business Line - Money & Banking http://bit.ly/2V3xD...

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Liquidity deficit may last till end of elections: SBI

 Liquidity conditions could remain tight till the end of May even though the Reserve Bank of India has conducted two forex swap auctions in a month, a from Business Line - Money & Banking http://bit.ly/2J031...

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SBI Life Insurance Q4 net profit up 20%

Private sector SBI Life Insurance posted a 20 per cent increase in net profit for the fourth quarter of 2018-19 at ₹457.68 crore, against ₹381.21 cro from Business Line - Money & Banking http://bit.ly/2IMgR...

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Non-deposit taking firms now come under ombudsman scheme for NBFCs

The Reserve Bank of India, on Friday, extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs) 2018 to eligible non-depos from Business Line - Money & Banking http://bit.ly/2J3Re...

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RBI extends deadline for legal entity identification

The RBI, on Friday, extended the deadline for Legal Entity Identifier (LEI) codes for participation in non-derivative markets. Now, the deadline for e from Business Line - Money & Banking http://bit.ly/2vmW0...

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RBI may issue new circular on stressed assets after elections

May wait for the Model Code of Conduct to be withdrawn from Business Line - Money & Banking http://bit.ly/2PtIT...

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NCLT slaps contempt notices on two bank honchos, ex-IL&FS chief

Gives two weeks’ time to respond from Business Line - Money & Banking http://bit.ly/2VnmR...

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HDFC Life Q4 net up 5%

Our BureauPrivate sector HDFC Life Insurance registered a 5 per cent increase in net profit in the fourth quarter of fiscal year 2018-19, with healt from Business Line - Money & Banking http://bit.ly/2vq6b...

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Kadiresan is zonal manager of LIC

K Kadiresan has been appointed zonal manager of the LIC in South. He will oversee the operations of 13 divisional offices, 261 branch offices and 26 from Business Line - Money & Banking http://bit.ly/2PxDf...

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Iffco Tokio bags IRDAI’s group medical policy

Iffco Tokio General Insurance Company has bagged the Group Medishield Policy (GMP) of the IRDAI.The existing GMP and Group Personal Accident Policy (G from Business Line - Money & Banking http://bit.ly/2vlTp...

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HDFC Life net inches up 5% to Rs 364 cr

Private sector HDFC Life on Friday reported 5 per cent rise in net income at Rs 364.01 crore in the March quarter over the same period a year ago. Fo from Business Line - Money & Banking http://bit.ly/2vpHn...

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YES Bank books loss of ₹ 1,506 cr in Q4

Private sector lender Yes Bank on Friday reported a loss of ₹ 1,506.64 crore for the fourth quarter ended March 2019 owing to rise in provisioning f from Business Line - Money & Banking http://bit.ly/2PB7Q...

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Supreme Court vs RBI: Naming and shaming will curb wilful defaults, usher in transparency

Bad Loans: Supreme Court's stern warning to Reserve Bank to disclose details under RTI law will herald a new chapter of transparency in India's banking system. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XRTi...

Read more »

Supreme Court vs RBI: Naming and shaming will curb wilful defaults, usher in transparency

Bad Loans: Supreme Court's stern warning to Reserve Bank to disclose details under RTI law will herald a new chapter of transparency in India's banking system. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XRTi...

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NCLT issues notices to Axis, StanC, Ramesh Bawa kin

Both banks as well as Bawa’s wife and daughter have been given 14 days time to reply to the notice. from Banking/Finance-Industry-Economic Times http://bit.ly/2voMs...

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Sensex soars 336 points to reclaim 39,000-mark; Nifty ends above 11,750

On the BSE index, top gainers include Tata Steel, ICICI Bank, Axis Bank, TCS, SBI, Reliance Industries and Infosys with their shares surging as much as 7.11 per cent. 19 out of 30 stocks finished in green on the BSE platform. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2PxPN...

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SC directs RBI to disclose information on bank inspection report

An SC bench also directed the federal bank to review its policy to disclose information relating to banks under RTI from Business Line - Money & Banking http://bit.ly/2UH07...

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Disclose info on bank inspection, SC directs RBI

Earlier, the apex court and the Central Information Commission, both had held that the RBI cannot deny information to an information seeker under the transparency law unless the material is exempted from disclosure under the law. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UFyW...

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Shriram City Union Finance net profit grows tenfold

Net interest income (NII) grew 8.8% to Rs 3,799 crore in FY19 from Rs 3,493 crore in FY18. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Zx9Y...

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Axis Bank sees opportunities in terms of refinance transactions

In this quarter is, we have taken a 25% provision on that parcel through profit and loss and the remaining 75% we have provided for through reserves in consultation with the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XJqa...

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Shriram City Union Finance net profit grows tenfold

Net interest income (NII) grew 8.8% to Rs 3,799 crore in FY19 from Rs 3,493 crore in FY18. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Zx9Y...

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Shriram City Union Finance net profit grows tenfold

Net interest income (NII) grew 8.8% to Rs 3,799 crore in FY19 from Rs 3,493 crore in FY18. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Zx9Y...

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Axis Bank continues to see opportunities in terms of refinance transactions, says CFO Jairam Sridharan | Interview

In this quarter is, we have taken a 25% provision on that parcel through profit and loss and the remaining 75% we have provided for through reserves in consultation with the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XJqa...

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Axis Bank continues to see opportunities in terms of refinance transactions, says CFO Jairam Sridharan | Interview

In this quarter is, we have taken a 25% provision on that parcel through profit and loss and the remaining 75% we have provided for through reserves in consultation with the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XJqa...

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Shriram City Union Finance net profit grows tenfold

Net interest income (NII) grew 8.8% to Rs 3,799 crore in FY19 from Rs 3,493 crore in FY18. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Zx9Y...

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Axis Bank continues to see opportunities in terms of refinance transactions, says CFO Jairam Sridharan | Interview

In this quarter is, we have taken a 25% provision on that parcel through profit and loss and the remaining 75% we have provided for through reserves in consultation with the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XJqa...

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28% of consumer complaints to RBI are about digital and card payments

The number was more than 24,000 for issues around debit cards and ATMs and 12,000 regarding issues around credit cards. from Banking/Finance-Industry-Economic Times http://bit.ly/2VyTq...

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RBI eMandate nod paves way for auto-debits by fintech firms

The retail payments body has asked banks to implement both the emandate measures by June 30. from Banking/Finance-Industry-Economic Times http://bit.ly/2IT1T...

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Axis Bank continues to see opportunities in terms of refinance transactions, says CFO Jairam Sridharan | Interview

In this quarter is, we have taken a 25% provision on that parcel through profit and loss and the remaining 75% we have provided for through reserves in consultation with the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XJqa...

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Kerala government’s infrastructure fund to raise up to Rs 2000 cr in PE

Thus becoming India’s first provincial government to launch such an investment vehicle that would raise money even overseas for private projects. from Banking/Finance-Industry-Economic Times http://bit.ly/2UYb0...

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CEOs of Axis Bank, Standard Chartered face contempt plea

NCLT to hear MCA plea alleging duo failed to stop IFIN ex-MD from selling assets, violating court order. from Banking/Finance-Industry-Economic Times http://bit.ly/2ZAfP...

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Manappuram keen to get private equity on board for small loans business

The group has appointed global investment bank Credit Suisse to look for investors and is in talks with leading private equity players to raise $100 million. from Banking/Finance-Industry-Economic Times http://bit.ly/2Vwxy...

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Shriram City Union Finance net profit grows tenfold

Net interest income (NII) grew 8.8% to Rs 3,799 crore in FY19 from Rs 3,493 crore in FY18. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Zx9Y...

Read more »

Axis Bank continues to see opportunities in terms of refinance transactions, says CFO Jairam Sridharan | Interview

In this quarter is, we have taken a 25% provision on that parcel through profit and loss and the remaining 75% we have provided for through reserves in consultation with the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XJqa...

Read more »

Axis Bank continues to see opportunities in terms of refinance transactions, says CFO Jairam Sridharan | Interview

In this quarter is, we have taken a 25% provision on that parcel through profit and loss and the remaining 75% we have provided for through reserves in consultation with the RBI. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XJqa...

Read more »

Axis Bank Q4 net profit at Rs 1,505 crore on lower provisions; key figures in nutshell

Axis Bank on Thursday posted a consolidated net profit of Rs 1,505.1 crore for the fourth quarter on lower provisions as against a net loss of Rs 2,188.74 crore in the corresponding quarter last year. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KXMz...

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Axis Bank Q4 net profit at Rs 1,505 crore on lower provisions; key figures in nutshell

Axis Bank on Thursday posted a consolidated net profit of Rs 1,505.1 crore for the fourth quarter on lower provisions as against a net loss of Rs 2,188.74 crore in the corresponding quarter last year. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KXMz...

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Axis Bank Q4 net profit at Rs 1,505 crore on lower provisions; key figures in nutshell

Axis Bank on Thursday posted a consolidated net profit of Rs 1,505.1 crore for the fourth quarter on lower provisions as against a net loss of Rs 2,188.74 crore in the corresponding quarter last year. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KXMz...

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J Swaminathan gets promoted as SBI Deputy MD

J Swaminathan, Chief General Manager, State Bank of India (SBI), Hyderabad, has been promoted as Deputy Managing Director, Strategy, and Chief Digital from Business Line - Money & Banking http://bit.ly/2IIX3...

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Axis Bank Q4 net profit at Rs 1,505 crore on lower provisions; key figures in nutshell

Axis Bank on Thursday posted a consolidated net profit of Rs 1,505.1 crore for the fourth quarter on lower provisions as against a net loss of Rs 2,188.74 crore in the corresponding quarter last year. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KXMz...

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‘High fuel prices may have led to a slowdown in auto sales’

High fuel prices may have been one of the reasons for the recent slowdown in automobile sales, according to the latest Mint Street Memo of the Reserv from Business Line - Money & Banking http://bit.ly/2IFpe...

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Developments in fintech space give fresh impetus to financial inclusion: RBI chief

But this also raises challenges that central banks have to address, says Shaktikanta Das from Business Line - Money & Banking http://bit.ly/2IXrV...

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Malaria-related claims decline on rise in awareness: Insurers

The incidence of malaria across the country seems to be on the decline, going by the claims data of general insurers, although other vector-borne dise from Business Line - Money & Banking http://bit.ly/2GKaE...

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Axis Bank: Asset quality pressure eases, core performance improves

Growth in retail loans has been driven by personal loans and credit cards from Business Line - Money & Banking http://bit.ly/2XGsY...

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Axis Bank Q4 net profit at Rs 1,505 crore on lower provisions; key figures in nutshell

Axis Bank on Thursday posted a consolidated net profit of Rs 1,505.1 crore for the fourth quarter on lower provisions as against a net loss of Rs 2,188.74 crore in the corresponding quarter last year. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KXMz...

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Axis Bank: Asset quality pressure eases, core performance improves

Growth in retail loans in the past year has been driven by segments such as personal loans and credit cards from Business Line - Money & Banking http://bit.ly/2DJKg...

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WNS PAT rises 21.2% to $29.7 mn in March quarter

Business process management firm WNS (Holdings) on Thursday reported a 21.2 per cent increase in consolidated profit after tax to $ 29.7 million in t from Business Line - Money & Banking http://bit.ly/2Zr7D...

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Axis Bank Q4 net profit up at ₹1,506 crore

Our BureauPrivate sector lender Axis Bank seems to be back on track with a net profit of ₹1,505.6 crore in the fourth quarter of 2018-19, against a n from Business Line - Money & Banking http://bit.ly/2L2jt...

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Investor protection forum bats for ban on cryptocurrencies

Western nations too started looking at us to take a stand against crypto, says IEPF from Business Line - Money & Banking http://bit.ly/2W57O...

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Axis Bank Q4 net profit at Rs 1,505 crore on lower provisions; key figures in nutshell

Axis Bank on Thursday posted a consolidated net profit of Rs 1,505.1 crore for the fourth quarter on lower provisions as against a net loss of Rs 2,188.74 crore in the corresponding quarter last year. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KXMz...

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‘Account debited but cash not dispensed’: This accounts for 60% of ATM related complaints to RBI

‘Account debited but cash not dispensed by ATMs’ accounted for about 60 per cent of the total number of ATM and debit cards grievances, said the RBI report. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2PvcV...

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Deutsche Bank, Commerzbank merger talks fail

Shares in Commerzbank were 2.1 per cent lower, while Deutsche Bank's were up 3.6 per cent from Business Line - Money & Banking http://bit.ly/2L2F5...

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Muthoot Capital’s Q4 net profit down 15 per cent

However, the company’s net profit for the full year increased by 54 per cent. from Business Line - Money & Banking http://bit.ly/2GFGJ...

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Stressed assets resolution: RBI mulls giving up to 60 days additional time for repayments

Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and would be released soon. from Banking/Finance-Industry-Economic Times http://bit.ly/2IXx4...

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‘Account debited but cash not dispensed’: This accounts for 60% of ATM related complaints to RBI

‘Account debited but cash not dispensed by ATMs’ accounted for about 60 per cent of the total number of ATM and debit cards grievances, said the RBI report. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2PvcV...

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Rupee tumbles 22 paise against dollar on crude concerns

However, the dollar's weakness against some currencies overseas and a higher opening of the domestic equity markets capped the rupee's losses, foprex dealer said. Fresh dollar demand from banks and importers weighed on the Indian currency, they added from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IEAa...

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Indiabulls Housing Finance shares fall as tax expenses dent Q4 profit

The stock was down 12.3 per cent this year as of the last close from Business Line - Money & Banking http://bit.ly/2XI4G...

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New management works on reviving Religare Enterprises

REL said that as part of its revival plan, it has reduced overall borrowings of the group to Rs 5,852 crore from Rs 9,801 crore, as of March 2019. from Banking/Finance-Industry-Economic Times http://bit.ly/2Vrm7...

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SFIO questions Deloitte partner in IL&FS case

Earlier this month, SFIO had questioned another audit partner of Deloitte Haskins & Sells from Banking/Finance-Industry-Economic Times http://bit.ly/2LavQ...

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BSE partners with India's translation solutions leader, Ulatus, to attract foreign investors for its "Ease of Doing Business in India" Initiative

{image_1} Bombay Stock Exchange BSE like all other exchanges in the world strives to attract foreign portfolio investors FPIs . For this, access to the I... from Banking/Finance-Industry-Economic Times http://bit.ly/2IU79...

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Customer complaints against banks surge 25% to 1.63 lakh in FY18

In the annual report of the BO scheme, the RBI said a rise in the number of complaints from digital transactions, an ombudsman scheme for digital transactions is proposed to be formulated and implemented during 2018-19. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GFaH...

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RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 crore

The Reserve Bank has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to government for Rs 1,450 crore and Rs 20 crore, respectively, making them fully government-owned now. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XM7V...

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Customer complaints against banks surge 25% to 1.63 lakh in FY18

In the annual report of the BO scheme, the RBI said a rise in the number of complaints from digital transactions, an ombudsman scheme for digital transactions is proposed to be formulated and implemented during 2018-19. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GFaH...

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RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 crore

The Reserve Bank has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to government for Rs 1,450 crore and Rs 20 crore, respectively, making them fully government-owned now. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XM7V...

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Customer complaints against banks surge 25% to 1.63 lakh in FY18

In the annual report of the BO scheme, the RBI said a rise in the number of complaints from digital transactions, an ombudsman scheme for digital transactions is proposed to be formulated and implemented during 2018-19. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GFaH...

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RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 crore

The Reserve Bank has exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), by selling its entire stakes to government for Rs 1,450 crore and Rs 20 crore, respectively, making them fully government-owned now. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XM7V...

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Customer complaints against banks surge 25% to 1.63 L in FY18

The country's largest lender SBI led the complaint list with close to 47,000 plaints, while HDFC Bank led among the private sector lenders with over 12,000 complaints, and American lender Citibank had 1,450 complaints. from Banking/Finance-Industry-Economic Times http://bit.ly/2L1ky...

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SBI appoints eight new DMDs and many other CGMs

SBI is also in the process of identifying about 15 executives who would fill vacant positions as chief general managers, sources said. from Banking/Finance-Industry-Economic Times http://bit.ly/2L2zt...

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Banks must disclose exposure to IL&FS: RBI

The Reserve Bank of India has asked banks to declare details of their exposure and provisions related to troubled Infrastructure Leasing and Financia from Business Line - Money & Banking http://bit.ly/2UBva...

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Mini Ipe is zonal manager of LIC

Mini Ipe has taken charge as Zonal Manager of Life Insurance Corporation of India, South Central Zone, here on Wednesday.She is the first woman zona from Business Line - Money & Banking http://bit.ly/2ZwDd...

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SBI plans to raise $2.5 bn as long-term funds

State Bank of India, on Wednesday, said it has received approval to raise long-term funds to the tune of $2.5 billion in bonds this fiscal. The decisi from Business Line - Money & Banking http://bit.ly/2URy9...

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RBI divests entire stake in NHB, NABARD

The RBI has divested its remaining stake in the National Bank for Agriculture and Rural Development (NABARD) and National Housing Bank (NHB) in Februa from Business Line - Money & Banking http://bit.ly/2GtA1...

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Disclose exposure to IL&FS, RBI tells banks

Earlier this month, during a hearing in the NCLAT, RBI's counsel Gopal Jain said that true reflection in the books of the banks is important for fair accounting because it has early warning signals. from Banking/Finance-Industry-Economic Times http://bit.ly/2Gzy2...

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Complaints made to banking ombudsman rose 25% in FY18

Complaints to the banking ombudsman in 2017-18 shot up by nearly 25 per cent, with non-observance of fair practices code and issues related to ATM and from Business Line - Money & Banking http://bit.ly/2W3kb...

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RBI sells entire stake in NHB, Nabard to govt

The Reserve Bank has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (Nabard) for Rs 1,450 crore and Rs 20 crore, respectively. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UDdU...

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Indiabulls Housing Q4 net profit down 7% at ₹1,001 cr

Indiabulls Housing Finance posted a near 7 per cent drop in net profit in the fourth quarter of 2018-19. The housing finance company’s net profit amou from Business Line - Money & Banking http://bit.ly/2Vm3f...

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ICICI Pru Life Q4 net profit down 23%

Private sector ICICI Prudential Life Insurance registered a 23.25 per cent drop in net profits for the fourth quarter of 2017-18 to ₹ 261.37 crore, a from Business Line - Money & Banking http://bit.ly/2L0cO...

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‘RBI excluding cryptocurrencies from regulatory sandbox is an unfair move’

Existing bitcoin players and cryptocurrency investors feel the Reserve Bank of India should review its proposal to put crypto-related start-ups in t from Business Line - Money & Banking http://bit.ly/2VmoR...

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IOB reduces loss-making branches to 157 in FY19

Indian Overseas Bank (IOB) on Wednesday announced that it has reduced the number of loss-incurring branches (LIB) to 157 as on March 2019, from 742 from Business Line - Money & Banking http://bit.ly/2DuQe...

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ED writes to investigative bodies in Singapore, Hong Kong on Chanda Kochhar quid pro quo case

According to the same sources, the channel reported that the agency has sought the bank account details along with list of assets by Chanda Kochhar, Deepak Kochhar and Rajiv Kochhar. from Banking/Finance-Industry-Economic Times http://bit.ly/2PtmU...

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TTD cash deposits in banks crosses Rs 12,000 cr mark

The annual estimated interest is around Rs 845 crore from Business Line - Money & Banking http://bit.ly/2GEix...

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RBI first APAC central bank to begin interest rate easing cycle: Fitch

RBI cut rates in February and April from Business Line - Money & Banking http://bit.ly/2IHpV...

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Sensex surges 490 points to reclaim 39,000-mark; Nifty ends above 11,700

On the 30-share BSE index, top gainers include HCL Tech, IndusInd Bank, ONGC, Bharti Airtel, Yes Bank, HDFC twin (HDFC and HDFC Bank) and Reliance Industries with their shares climbing as much as 3.45 per cent. 23 out of 30 stocks on the BSE platform closed in the upper circuit. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2W0S6...

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Premium jumps in RBI’s second rupee-dollar swap

Under this newly launched liquidity infusion mechanism, banks sell dollars to the RBI and get rupee funds from it with the guarantee that the central bank will return the dollars after three years. So in effect, banks get rupee funds at a time when they are short on liquidity while the dollars that the RBI buys from the banks add up to the country’s foreign exchange (forex) reserves, thus boosting the rupee’s strength against the greenback. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business...

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Financial service companies are now betting big on data

Data analytics has become the key determinant in matters pertaining to core BFSI operations. from Banking/Finance-Industry-Economic Times http://bit.ly/2UDf7...

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Changes, challenges and interpretation of bankruptcy law

According to IBBI report, out of the 1,484 cases admitted for the CIRP, 586 have been closed till December 2018. from Banking/Finance-Industry-Economic Times http://bit.ly/2DsWd...

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To ease liquidity deficit, RBI to infuse Rs 25,000 crore through OMO in May

RBI)on Tuesday announced the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 25,000 crore in May in a bid to ease the liquidity deficit in the banking system. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IR6X...

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To ease liquidity deficit, RBI to infuse Rs 25,000 crore through OMO in May

RBI)on Tuesday announced the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 25,000 crore in May in a bid to ease the liquidity deficit in the banking system. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IR6X...

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RBI approves proposal of HDFC for holding 9.9 pc stake in Bandhan Bank

The RBI on Monday granted approval to HDFC to acquire shareholding of 9.9 per cent or less of the paid-up capital of Bandhan Bank upon the effective date of scheme of amalgamation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IDGb...

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RBI annouces another Rs 25k-crore OMO in May as liquidity dries up

The RBI said the OMOs are being carried out "based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward". from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IXmO...

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To ease liquidity deficit, RBI to infuse Rs 25,000 crore through OMO in May

RBI)on Tuesday announced the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 25,000 crore in May in a bid to ease the liquidity deficit in the banking system. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IR6X...

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RBI approves proposal of HDFC for holding 9.9 pc stake in Bandhan Bank

The RBI on Monday granted approval to HDFC to acquire shareholding of 9.9 per cent or less of the paid-up capital of Bandhan Bank upon the effective date of scheme of amalgamation from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IDGb...

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RBI annouces another Rs 25k-crore OMO in May as liquidity dries up

The RBI said the OMOs are being carried out "based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward". from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IXmO...

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Mudra loans miss target by ₹27,000 crore in FY19

Small business loans disbursed under the Pradhan Mantri Mudra Yojana (PMMY) have fallen short of the target set for 2018-19.Against a target of ₹3-l from Business Line - Money & Banking http://bit.ly/2W1qO...

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A rise in demand for insolvency courses

The rise in instances of companies undergoing restructuring and resolution under the Insolvency and Bankruptcy Code seems to be driving the demand for from Business Line - Money & Banking http://bit.ly/2DtUU...

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Aye Finance reaches ₹1,000 cr in AUM

Aye Finance, a CapitalG-backed fintech lender to the MSMEs said on Tuesday that it had reached ₹1,000 crore Asset Under Management (AUM) milestone w from Business Line - Money & Banking http://bit.ly/2W1pP...

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RBI receives $18.65-billion bid for second forex swap auction

Central bank plans to conduct OMO of ₹25,000 crore in May from Business Line - Money & Banking http://bit.ly/2DsyH...

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Aegon Life, MobiKwik join hands for ₹20 digital insurance product

Aegon Life Insurance has tied up with MobiKwik for a ₹20 digital insurance product. Available only on the MobiKwik App, the Aegon Life Group Term Plus from Business Line - Money & Banking http://bit.ly/2PpDW...

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Micro finance sector to grow up to 22% in FY20: ICRA

The micro finance industry is on the path of recovery and is likely to see a growth of 20-22 per cent in 2019-20 despite last year’s liquidity squeeze from Business Line - Money & Banking http://bit.ly/2KW3N...

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Insurer Chola MS registers premium of ₹4,428 cr in FY19

Cholamandalam MS General Insurance Company (Chola MS), a joint venture between Murugappa Group and Mitsui Sumitomo Insurance Group, Japan, on Tuesday from Business Line - Money & Banking http://bit.ly/2L0ve...

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Allahabad Bank authorised capital raised to ₹ 8,000 cr

State-owned Allahabad Bank said on Tuesday the government has increased its authorised capital by ₹ 5,000 crore to ₹ 8,000 crore. The central governm from Business Line - Money & Banking http://bit.ly/2Gwt3...

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Pending for over 15 years, co transfers investor money worth Rs 1,514 cr to IEPF

The Investor Education and Protection Fund (IEPF), set up under the Companies Act, 2013, primarily focuses on protecting the interest of investors. from Banking/Finance-Industry-Economic Times http://bit.ly/2XDjc...

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Govt raises authorised capital of Allahabad Bank to Rs 8,000 cr

The increase in authorised capital will help enable the bank to raise further fund up to a maximum ceiling of Rs 8,000 crore. from Banking/Finance-Industry-Economic Times http://bit.ly/2PoyU...

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RBI may offer more time for bank-led resolution of NPAs

The central bank is expected to retain the main contours of its February 12, 2018, circular. from Banking/Finance-Industry-Economic Times http://bit.ly/2KWZt...

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Suryoday Small Finance Bank starts operations in Hyderabad

Maharashtra-based Suryoday Small Finance Bank (SSFB) launched its operations here on Tuesday with the inauguration of its first branch.MD and CEO of from Business Line - Money & Banking http://bit.ly/2Puaz...

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SBI cuts rates for electric car loans

A statement issued by the bank said that this was in keeping with the government’s objective to ensure that 30% vehicles on the road run on electricity by 2030. SBI has already announced 100% migration towards electric vehicles by 2030 to reduce the institution’s carbon footprints. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2L0ho...

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Indian junk bonds make a comeback, issuance soars

Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish from Business Line - Money & Banking http://bit.ly/2UQrw...

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Standing instructions to banks go online

Seven banks have gone live on the NPCI’s platform, allowing customers to provide e-mandate through net banking, from Banking/Finance-Industry-Economic Times http://bit.ly/2Gs74...

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SC bars banks from declaring Delhi Airport Metro Express debts as NPAs

DMRC has been running the Airport Express line since 2013 after DAMEPL pulled out from running the Airport Express Metro line over safety issues. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2W1AP...

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SC bars banks from declaring Delhi Airport Metro Express debts as NPAs

DMRC has been running the Airport Express line since 2013 after DAMEPL pulled out from running the Airport Express Metro line over safety issues. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2W1AP...

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Solving funding challenges: How NBFCs, banks can jointly contribute to credit

Funding challenges have become quite large for the non-banking financial company (NBFC), especially for the small and mid-sized ones. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KVTX...

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SBI launches Green Car Loan

State Bank of India on Monday announced the country’s first ‘Green Car Loan’ (Electric Vehicle) to encourage customers to buy electric vehicles. The n from Business Line - Money & Banking http://bit.ly/2viGP...

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LVB to raise ₹190 cr by sale of preferential shares to Indiabulls Housing Finance

Lakshmi Vilas Bank’s (LVB) board on Monday approved a proposal for an allotment of 1.68 crore shares on a preferential basis to lndiabulls Housing Fin from Business Line - Money & Banking http://bit.ly/2PnkF...

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Centre considers plugging loopholes in bankruptcy law

Cases to be resolved in 2-3 years with “seamless” implementation of law: IBBI chief from Business Line - Money & Banking http://bit.ly/2viGJ...

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Insurers struggle with populist life cover scheme PMJJBY

Industry sees losses under the scheme at over 20%; seeks a hike in premium from Business Line - Money & Banking http://bit.ly/2GxZC...

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Bombay HC adjourns hearing of Kotak vs RBI due to lack of time

Parties may request early hearing before Jan 2020 from Business Line - Money & Banking http://bit.ly/2Gvld...

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Sensex crashes 495 points; Nifty ends below 11,600: Factors that pulled market lower

Top laggards on the sensex pack include Yes Bank, IndusInd Bank, Reliance Industries, ICICI Bank, HDFC, Hero MotorCorp and Vedanta with their stocks down as much as 6.62 per cent. 25 out of 30 stocks on the BSE barometer finished with losses. On the NSE index, except for Nifty IT, all other sub-indices finished in red, sliding as much as 2.48 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UPJM...

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Kotak Bank launches debit card-based e-mandate on NPCI’s API platform

Kotak Mahindra Bank has announced the launch of an industry-first debit card-based authentication solution on NPCI’s e-Mandate API platform.Kotak beco from Business Line - Money & Banking http://bit.ly/2VYkV...

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RBI has $43 billion in excess reserves, says BofAML

A panel named by India’s central bank to study its capital structure is likely to identify excess reserves of up to ₹ 3 lakh crore ($43 billion), or from Business Line - Money & Banking http://bit.ly/2PmPX...

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Sensex tanks over 300 points as global oil prices spike

On the BSE index, Yes Bank, Reliance Industries, Bharti Airtel, IndusInd Bank, Asian Paints were among the top losers with their stocks down as much as 2.31 per cent. On NSE, except for Nifty IT, all other sub-indices were trading in red, sliding as much as 2.05 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2PpVK...

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View: The next government needs to ax the banks

For much of the past two years, distributors and retailers of consumer products have been warning of a growing lack of liquidity. from Banking/Finance-Industry-Economic Times http://bit.ly/2GpN1...

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IBBI is the competent body to act against resolution professionals: NCLAT

This will encourage professionals who find huge career opportunity in this new-age profession that plays a crucial role in the fight against bad loans. from Banking/Finance-Industry-Economic Times http://bit.ly/2Gsd3...

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Life cover sales grow flat, ticket sizes rise

Insurers focus on high-ticket savings business as core profitability remains under pressure due to competition. from Banking/Finance-Industry-Economic Times http://bit.ly/2UORU...

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Carlyle-Zydus and Advent join race to acquire Bharat Serums and Vaccines Ltd

They are up against domestic pharma companies Dr Reddy's Labs, Mankind & Goldman Sachs which have also made offers. from Banking/Finance-Industry-Economic Times http://bit.ly/2UxEW...

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Digital push: Banks woo IT talent with fat paychecks

Small NBFCs may hire a CTO at Rs 60-80 lakh plus variable pay and also ESOPs; larger firms offering Rs 1.5-2 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Uva3...

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Digital push: Banks woo IT talent with fat paychecks

Small NBFCs may hire a CTO at Rs 60-80 lakh plus variable pay and also ESOPs; larger firms offering Rs 1.5-2 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Uva3...

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Ways to boost your health insurance

Opt for a base health plan with restoration feature, and add a super top-up to it from Business Line - Money & Banking http://bit.ly/2GADh...

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Deposits in Jan Dhan accounts fast inching towards Rs 1 lakh cr mark

The total deposits in bank accounts opened under the Jan Dhan scheme, which was launched about five years ago by the Modi-government, are set to cros from Business Line - Money & Banking http://bit.ly/2UL21...

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Deposits in Jan Dhan accounts fast inching towards Rs 1 lakh crore mark

The total balance in the Jan Dhan accounts, which has been steadily rising, was at Rs 97,665.66 crore as on April 3. from Banking/Finance-Industry-Economic Times http://bit.ly/2PoJ7...

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HDFC Bank Q4 profit up 23% at Rs 5,885 crore – A report card

HDFC Bank’s total capital adequacy ratio (CAR) as per Basel III guidelines was at 17.1% as on March 31, 2019, up from 14.8% on March 31, 2018 and as against a regulatory requirement of 11.025%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2PkAX...

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HDFC Bank Q4 profit up 23% at Rs 5,885 crore – A report card

HDFC Bank’s total capital adequacy ratio (CAR) as per Basel III guidelines was at 17.1% as on March 31, 2019, up from 14.8% on March 31, 2018 and as against a regulatory requirement of 11.025%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2PkAX...

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Q4 Comment : HDFC Bank ends the fiscal on a healthy note, delivering across parameters

But sharp moderation in the off-take of four/two wheeler loans has weighed on retail loan growth from Business Line - Money & Banking http://bit.ly/2W3la...

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HDFC Bank Q4 profit up 23% at Rs 5,885 crore – A report card

HDFC Bank’s total capital adequacy ratio (CAR) as per Basel III guidelines was at 17.1% as on March 31, 2019, up from 14.8% on March 31, 2018 and as against a regulatory requirement of 11.025%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2PkAX...

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HDFC Bank Q4 profit up 23% at Rs 5,885 crore – A report card

HDFC Bank’s total capital adequacy ratio (CAR) as per Basel III guidelines was at 17.1% as on March 31, 2019, up from 14.8% on March 31, 2018 and as against a regulatory requirement of 11.025%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2PkAX...

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HDFC Bank's Q4 net profit rises 22.6% to Rs 4,799 crore

HDFC Bank has reported a net profit of Rs 5,885 crore for the quarter ended March 31, 2019 - an increase of 22.6% over Rs 4,799 crore in the corresponding quarter last year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2vgV2...

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RBI says no direction issued for 5-day working in commercial banks

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KRSF...

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RBI says no direction issued for 5-day working in commercial banks

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KRSF...

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