How Srei Infrastructure is trying to recover from its IL&FS shock

Srei Infrastructure Finance is on a no-infra diet to recover from the stock market battering it received after the IL&FS defaults. from Banking/Finance-Industry-Economic Times http://bit.ly/2WnCI...

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LIC Housing Finance Q4 net profit up 17% at ₹ 694 cr

Recommends dividend of ₹7.60 per equity share of ₹2 each (380 per cent) from Business Line - Money & Banking http://bit.ly/2WrVP...

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Aditya Birla Capital reports 53 per cent jump in Q4 net profit

Aditya Birla Capital Ltd (ABCL) reported a 53 per cent jump in fourth quarter consolidated net profit at Rs 258 crore against Rs 169 crore in the yea from Business Line - Money & Banking http://bit.ly/2UZY1...

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ICRA downgrades ratings, outlook on Yes Bank, 2 Reliance Capital entities

Private sector lender Yes Bank had a double-whammy on Saturday after domestic rating agency Icra downgraded its long-term ratings along with a negativ from Business Line - Money & Banking http://bit.ly/2vBEb...

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DHFL to raise up to ₹ 2,000 cr

Dewan Housing Finance Ltd (DHFL) on Saturday said it will raise funds up to ₹ 2,000 crore in one or more tranches.The board of the company in its mee from Business Line - Money & Banking http://bit.ly/2ZSLi...

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Aditya Birla Capital to raise up to ₹ 3,500 cr via equity, debt instruments

Aditya Birla Capital on Saturday said its board has approved raising funds up to ₹ 3,500 crore through both equity and debt issuances.The funds can b from Business Line - Money & Banking http://bit.ly/2DRjH...

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Federal Bank Q4 net profits rises to Rs 381 cr

Federal Bank on Saturday reported an over two-fold jump in net profit for the March quarter at Rs 381.51 crore on account of lower provisioning and h from Business Line - Money & Banking http://bit.ly/2IXMT...

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Bank of Baroda hikes MCLR by 0.05%

State-owned Bank of Baroda (BoB) on Saturday said it has hiked its marginal cost of funds based lending rate (MCLR) by 0.05 per cent with effect from from Business Line - Money & Banking http://bit.ly/2UUUg...

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WhatsApp payment service: Trial can’t go on forever, give a timeline, says Supreme Court

WhatsApp reportedly has over 200 million active users in India and almost 1 million people are “testing” its payments service. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Wn29...

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20% rise in ATMs, debit cards double

The number of debit cards in India has doubled to 94 crore in February this year from 42 crore in August 2014 when Jan-Dhan Yojana was launched. However, the number of ATMs has increased only 20% from 1.70 to 2.02 lakh, and a stand-off between banks, ATM companies and cash logistics firms on sharing costs are holding back investments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GTdC...

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Bhushan Steel ex-CFO held, 3 banks under lens

The role of three public sector lenders — State Bank of India, Punjab National Bank and Uco Bank — is under the scanner for allegedly issuing letters of credit based on the false documents. SFIO suspects that letters of credit (LC), a widely used instrument guaranteeing that a buyer’s payment will be received on time, of close to Rs 20,000 crore were opened using false documents on behalf of Bhushan Steel. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2DM8L...

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Debit cards double in 5 years, but ATMs see only 20% rise

While cash in circulation has jumped to Rs 21.36 lakh crore, the ATM network of banks has shrunk from 2.06 lakh a year ago to 2.02 lakh this year. from Banking/Finance-Industry-Economic Times http://bit.ly/2Vc3O...

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WhatsApp payment service: Trial can’t go on forever, give a timeline, says Supreme Court

WhatsApp reportedly has over 200 million active users in India and almost 1 million people are “testing” its payments service. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Wn29...

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Is NBFC crisis over? Here’s what HDFC MD Aditya Puri has to say

He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GTMo...

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Indiabulls Housing and its unit set for merger with Lakshmi Vilas Bank

Under the earlier scheme of amalgamation announced on April 5, LVB was supposed to be merged with Indiabulls Housing Finance subject to regulatory approval. from Banking/Finance-Industry-Economic Times http://bit.ly/2J4c2...

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Is the crisis in NBFCs over? Here’s what HDFC MD Aditya Puri has to say

He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GTMo...

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Is the crisis in NBFCs over? Here’s what HDFC MD Aditya Puri has to say

He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GTMo...

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Is the crisis in NBFCs over? Here’s what HDFC MD Aditya Puri has to say

He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GTMo...

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Is the crisis in NBFCs over? Here’s what HDFC MD Aditya Puri has to say

He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GTMo...

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RBI slaps Rs 11 lakh fine on Yes Bank for violating money transfer norms

Yes Bank Friday said the Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on it for violating money transfer norms. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XYPt...

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View: India's insolvency law as creator of jobs

The new corporate insolvency regime has saved nearly four lakh jobs in India. from Banking/Finance-Industry-Economic Times http://bit.ly/2JebK...

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IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by IL&FS. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IWPq...

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YES Bank fined ₹11.25 lakh by RBI

YES Bank, on Friday, said it has been fined ₹11.25 lakh by the Reserve Bank of India for violations on domestic money transfers related to a previous from Business Line - Money & Banking http://bit.ly/2GTD2...

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SBI General ‘will consider IPO at the right time’, says CEO

SBI General Insurance will consider an initial public offering “at the right time”, its Managing Director and CEO Pushan Mahapatra said on Friday, but from Business Line - Money & Banking http://bit.ly/2Vc3l...

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‘Insurers can make provisions for exposure to IL&FS, RCap arms’

Insurers must use their judgment and not just depend on credit rating agencies while making investments, says IRDAI Chairman from Business Line - Money & Banking http://bit.ly/2V1aw...

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Cholamandalam Financial net rises 27% at ₹697 crore

Cholamandalam Financial Holdings (formerly TI Financial Holdings) recorded a 27 per cent growth in consolidated net profit (net of non-controlling i from Business Line - Money & Banking http://bit.ly/2ZQYe...

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mPokket eyes portfolio expansion

mPokket, a digital lending platform that offers short-term personal loans to college students, is eyeing portfolio expansion. Plans are afoot to len from Business Line - Money & Banking http://bit.ly/2V0Qu...

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IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by IL&FS. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IWPq...

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IDBI Federal Life Insurance reports 31 per cent rise in net profit to Rs 133 crore in FY19

The growth was mainly driven by a 19 per cent rise in renewals and over 50 per cent increase in credit life from Business Line - Money & Banking http://bit.ly/2JdEP...

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Payment service will be launched after complying with RBI norms: WhatsApp to SC

WhatsApp reportedly has over 200 million users in India and almost one million people are “testing” its payments service from Business Line - Money & Banking http://bit.ly/2JiZA...

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IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by IL&FS. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IWPq...

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No gold shifted outside India in 2014 or thereafter: RBI

Media reports are factually incorrect, says the central bank from Business Line - Money & Banking http://bit.ly/2H23W...

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RBI slaps penalty on Vodafone m-pesa, PhonePe and 3 others

The Reserve Bank of India on Friday said it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and Pho from Business Line - Money & Banking http://bit.ly/2DLia...

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IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by IL&FS. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IWPq...

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Lenders take 57 per cent haircut in 94 cases worth Rs 1.75 lakh crore

The average resolution timeline for these 94 cases resolved was 324 days as against the stipulated timeline of 270 days from Business Line - Money & Banking http://bit.ly/2IYVj...

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Kotak Mahindra Bank at record high; chart points to more upside

Shares of Kotak Mahindra Bank gained as much as 2.09 per cent to a record high of Rs 1,435.75.The stock has broken above a resistance at Rs 1,417.85, from Business Line - Money & Banking http://bit.ly/2JdPD...

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IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by IL&FS. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IWPq...

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Lenders take 57% haircut in 94 cases worth Rs 1.75 trillion

The numbers assume importance as the bankruptcy law enters the third year this month. from Banking/Finance-Industry-Economic Times http://bit.ly/2vzS1...

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IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by IL&FS. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IWPq...

Read more »

IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by IL&FS. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IWPq...

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Previously unseen Essar trails emerge, the bell tolls faster for Chanda Kochhar

RBI had misgivings about Kochhar's doings as early as 2014, but ICICI fended off the regulator's red flags. from Banking/Finance-Industry-Economic Times http://bit.ly/2UXFY...

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Kotak Mahindra Bank at record high; chart points to more upside

Shares of Kotak Mahindra Bank gained as much as 2.09 per cent to a record high of Rs 1,435.75.The stock has broken above a resistance at Rs 1,417.85, from Business Line - Money & Banking http://bit.ly/2vCbA...

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As Jet revival seems elusive, banks look to strengthen their collateral

Talks on to pay off US EXIM Bank to get first charge of 5 aircraft from Business Line - Money & Banking http://bit.ly/2J8GS...

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NBFC crisis has been averted, says HDFC Bank MD Aditya Puri

Troubles among the non-banking financial companies to persist for at least a year though, according to Aditya Puri from Business Line - Money & Banking http://bit.ly/2IZzF...

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SBI to consider Jet staff’s billion-dollar bid after May 10

Lender to wait for short-listed players to place binding bids from Business Line - Money & Banking http://bit.ly/2J9Jv...

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Lenders to Anil Ambani’s RCom face steep haircut

Banks have decided to shortlist a resolution professional from a field of 15 players after NCLAT allowed resumption of insolvency resolution action against RCom. from Banking/Finance-Industry-Economic Times http://bit.ly/2UWJx...

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​Shadow lender crisis averted, says Aditya Puri

Tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s non-bank financial firms following last year’s defaults by IL&FS. from Banking/Finance-Industry-Economic Times http://bit.ly/2V8U2...

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Amrapali brass used homebuyers’ money for wedding

Auditors Pawan Kumar Aggarwal and Ravi Bhatia filed their report after a forensic audit of 46 registered companies and numerous shell companies of Amrapali group and bank accounts of the directors. They provided a graphic account of how Rs 3,500 crore of homebuyers’ money was diverted for purposes other than construction. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ZTIX...

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Embargo lifted: Banks get NCLAT go-ahead to declare defaulting IL&FS accounts as NPAs

The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKzj...

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Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LlU3...

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Embargo lifted: Banks get NCLAT go-ahead to declare defaulting IL&FS accounts as NPAs

The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKzj...

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Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LlU3...

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Embargo lifted: Banks get NCLAT go-ahead to declare defaulting IL&FS accounts as NPAs

The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKzj...

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Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LlU3...

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Embargo lifted: Banks get NCLAT go-ahead to declare defaulting IL&FS accounts as NPAs

The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKzj...

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Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LlU3...

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Embargo lifted: Banks get NCLAT go-ahead to declare defaulting IL&FS accounts as NPAs

The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKzj...

Read more »

Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LlU3...

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IL&FS accounts can finally be called NPAs: NCLAT green light to banks

The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JakX...

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Dvara KGFS raises ₹97 crore

Non-banking finance company Dvara KGFS (formerly known as Pudhuaaru Financial Services Private Limited), on Thursday, announced that it has raised ₹9 from Business Line - Money & Banking http://bit.ly/2UUrj...

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MoneyGram to add 5,000 more locations in 2019

MoneyGram, the global provider of money transfer and payment services, plans to expand its footprint to 5,000 more locations in India this year, even from Business Line - Money & Banking http://bit.ly/2ZTKJ...

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EMI financing surges 10-fold in Tier III cities: ZestMoney

The study revealed that in 2018-19, 46 per cent of the EMI financing was availed by borrowers from Tier III cities from Business Line - Money & Banking http://bit.ly/2vy6j...

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IBBI streamlines insolvency professional’s ‘temporary surrender’ process

An insolvency professional (IP) may not find it easy to wriggle out of an existing transaction because of the difficult situations faced during the c from Business Line - Money & Banking http://bit.ly/2J5SI...

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Concept Medical Inc. granted Breakthrough Device designation from FDA for its MagicTouch Sirolimus Drug Coated Balloon

{image_1} Concept Medical Inc CMI has been granted ‘Breakthrough Device Designation’ from the US Food and Drug Administration FDA for MagicTouch, its si... from Banking/Finance-Industry-Economic Times http://bit.ly/2GQt6...

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IL&FS accounts can finally be called NPAs: NCLAT green light to banks

The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JakX...

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IL&FS accounts can finally be called NPAs: NCLAT green light to banks

The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JakX...

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IL&FS accounts can finally be called NPAs: NCLAT green light to banks

The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JakX...

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Axis AMC to invest Rs 60 crore in Akshaya Pvt Ltd

The fund would be invested in Akshaya Group’s township project ‘Orlando’ on the city outskirts from Business Line - Money & Banking http://bit.ly/2URWQ...

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Standard Life to sell 1.78 per cent stake in HDFC Life for Rs 1,404 crore

The sale is being undertaken by the seller -- Standard Life (Mauritius Holdings) -- to achieve the minimum public shareholding in the company from Business Line - Money & Banking http://bit.ly/2ZSNi...

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AIF investments surge 79 per cent in March-quarter

The category-III AIFs are those trading with a view to making short-term returns from Business Line - Money & Banking http://bit.ly/2GUKW...

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55% rise in loan applications for travel: IndiaLends Report

Millennials use loans to fund last-minute and long-weekend holiday planning. from Business Line - Money & Banking http://bit.ly/2VbVm...

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NCLAT allows banks to declare defaulting ILFS accounts as NPAs

However, the tribunal clarified that banks can not initiate recovery process and debit money. from Banking/Finance-Industry-Economic Times http://bit.ly/2XXzA...

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NCLAT allows banks to declare defaulting IL&FS accounts as NPAs

Infrastructure Leasing & Financial Services (IL&FS) Group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process. from Business Line - Money & Banking http://bit.ly/2ZIOi...

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RBI Governor Shaktikanta Das seen as safe no matter who wins election

The Reserve Bank of India Governor Shaktikanta Das has built up support on both sides of the political divide, making his position relatively safe und from Business Line - Money & Banking http://bit.ly/2PEkq...

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India biggest recipient of funds from ADB last year

The multilateral funding institution committed $3 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986. from Banking/Finance-Industry-Economic Times http://bit.ly/2DJ3H...

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Pepperfry ties up with BankBazaar to offer loans for home renovation, furniture purchase

New Delhi, May 2Pepperfry, the furniture and home products marketplace, has tied up with BankBazaar, a personal finance marketplace, to offer its cust from Business Line - Money & Banking http://bit.ly/2J584...

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Bandhan Bank Q4 net jumps 68% to Rs 651 cr

Private sector Bandhan Bank on Thursday posted a jump of 68 per cent in its net profit to Rs 650.87 crore in the fourth quarter ended March, on accou from Business Line - Money & Banking http://bit.ly/2IWd2...

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Federal Reserves inflation worries will pull yields down, says Scott Minerd

The Federal Reserves concern about the lack of inflationary pressures in the U.S. economy is stoking speculation that it will cut interest rates, whi from Business Line - Money & Banking http://bit.ly/2WjVr...

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Liabilities biggest hurdle to Jet Airways sale, says SBI

The top lender of ailing Jet Airways India Ltd said the burden of reversing the grounded carriers negative net worth before it can fly again is the b from Business Line - Money & Banking http://bit.ly/2GRfW...

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Shaktikanta Das seen as safe no matter who wins 2019 general elections

As an ex-career bureaucrat, Das has worked under governments led by both the ruling BJP and the opposition Congress. from Banking/Finance-Industry-Economic Times http://bit.ly/2UTeS...

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Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

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UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

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Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

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UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

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ATMs not giving cash a common worry

About 16,000 complaints, or 10% of all customer grievances at the banking ombudsman offices in FY18, were registered under the head ‘account debited but cash not dispensed at ATM’. from Banking/Finance-Industry-Economic Times http://bit.ly/2DKlw...

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Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

Read more »

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

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Need to closely monitor asset-liability mismatch in financial sector: Krishnamurthy Subramanian

The CEA said there was a need to incentivise young businesses as opposed to small businesses, as these were the ones that create more jobs and deliver growth. from Banking/Finance-Industry-Economic Times http://bit.ly/2DII9...

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Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

Read more »

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

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Fear of losing a company post IBC changing credit behaviour: Krishnamurthy Subramanian

Indian economy is witnessing high growth, low inflation and is doing pretty okay on the external sector and fiscal prudence part, said Subramanian. from Banking/Finance-Industry-Economic Times http://bit.ly/2PF0g...

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Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

Read more »

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

Read more »

Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

Read more »

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

Read more »

Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

Read more »

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

Read more »

Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Y5fb...

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UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GW7h...

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SFIO questions audit partner of KPMG India unit

BSR jointly audited the books of IL&FS Fin Services with Deloitte Haskins. from Banking/Finance-Industry-Economic Times http://bit.ly/2UVll...

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Will RBI ease its appointment norms for IndusInd Bank and HDFC Bank?

Both private sector lenders may want to retain their chiefs post retirement age from Business Line - Money & Banking http://bit.ly/2vweY...

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This housing bank, once owned by RBI, is now govt owned entity; here’s why

The National Housing Bank (NHB), once a wholly-owned subsidiary of Reserve Bank of India (RBI), has now been taken over by the government. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7JJ...

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Fed may ignore Trump’scall to cut interest rates

The US Federal Reserve, leaning back against pressure from President Donald Trump to slash interest rates, is expected to leave borrowing costs unchan from Business Line - Money & Banking http://bit.ly/2J4eo...

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China to further open up banking, insurance sectors

China took another step in opening its $44-trillion financial sector to the world, announcing plans to remove limits on ownership in local banks and s from Business Line - Money & Banking http://bit.ly/2ITtn...

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Bad debt at US banks rises on higher credit card losses

For the biggest US banks, not all consumer debt is created equal. Credit card losses are outpacing auto and home loans at a rate not seen in at least from Business Line - Money & Banking http://bit.ly/2UV5T...

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MobiKwik keen to ramp up digital lending

Aims to disburse 70,000 loans in May from Business Line - Money & Banking http://bit.ly/2UNxW...

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Harsha Bhogle invests in fintech start-up ChqBook

Noted cricket commentator Harsha Bhogle has invested in fintech start-up ChqBook.com, a curated marketplace for AI-based personalised financial servic from Business Line - Money & Banking http://bit.ly/2URTR...

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Daily average transactionson UPI reach 2.6 cr in April

The number of daily average transactions on the Unified Payments Interface of NPCI has seen an increase of 312.69 per cent from April 2018 to April 2 from Business Line - Money & Banking http://bit.ly/2ZNxz...

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Most customers upset over service charges levied by banks: RBI study

More than 30% of the respondents said that information about service charges was not shared by banks at the time of a/c opening from Business Line - Money & Banking http://bit.ly/2URTO...

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Digital lender Happy raises ₹140 cr

Happy, a digital non-banking lending start-up, on Wednesday said it has raised ₹140 crore by way of fresh capital to grow small businesses in India. from Business Line - Money & Banking http://bit.ly/2ZXgF...

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LVB’s special offer for exporters

Lakshmi Vilas Bank has launched a specialised current account offering, JU$T A Dollar, which is aimed at bringing down the transaction cost for export from Business Line - Money & Banking http://bit.ly/2URTL...

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LIC HFL launches Udyam centre

LIC Housing Finance (LIC HFL) has launched ‘Udyam’, a skilling centre in Bengaluru. It was launched in association with Lok Bharti Education Society from Business Line - Money & Banking http://bit.ly/2V6fy...

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This housing bank, once owned by RBI, is now govt owned entity; here’s why

The National Housing Bank (NHB), once a wholly-owned subsidiary of Reserve Bank of India (RBI), has now been taken over by the government. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7JJ...

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This housing bank, once owned by RBI, is now govt owned entity; here’s why

The National Housing Bank (NHB), once a wholly-owned subsidiary of Reserve Bank of India (RBI), has now been taken over by the government. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7JJ...

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Uday Kotak’s mantra to overcome NBFCs’ challenges; three key things to know

Even as the entire financial services sector continues to remain under pressure due to a brewing liquidity squeeze, veteran banker Uday Kotak called for a very strong policy in a bid to guide the sector to safer waters. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLhx...

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This housing bank, once owned by RBI, is now govt owned entity; here’s why

The National Housing Bank (NHB), once a wholly-owned subsidiary of Reserve Bank of India (RBI), has now been taken over by the government. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7JJ...

Read more »

Uday Kotak’s mantra to overcome NBFCs’ challenges; three key things to know

Even as the entire financial services sector continues to remain under pressure due to a brewing liquidity squeeze, veteran banker Uday Kotak called for a very strong policy in a bid to guide the sector to safer waters. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLhx...

Read more »

Uday Kotak’s mantra to overcome NBFCs’ challenges; three key things to know

Even as the entire financial services sector continues to remain under pressure due to a brewing liquidity squeeze, veteran banker Uday Kotak called for a very strong policy in a bid to guide the sector to safer waters. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLhx...

Read more »

Uday Kotak’s mantra to overcome NBFCs’ challenges; three key things to know

Even as the entire financial services sector continues to remain under pressure due to a brewing liquidity squeeze, veteran banker Uday Kotak called for a very strong policy in a bid to guide the sector to safer waters. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLhx...

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SBI's new rules for savings accounts: Key points

Earlier in March, the SBI had announced that it will be linking its savings deposits rates and short-term loans to the RBI's repo rate from May 1 with an aim to ensure faster monetary transmission. The bank further said all cash credit accounts and overdrafts with limits above Rs 1 lakh will also be linked to the benchmark policy rate, plus a spread of 2.25 per cent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Y1yl...

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RBI should review disclosure policy regularly: AIBOC

This is necessary to ensure free flow of information in this critical area, say bank officers from Business Line - Money & Banking http://bit.ly/2GLd3...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

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Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

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Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

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Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

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Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

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Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

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Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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Enforcement Directorate quizzes Rajiv Kochhar for third day in row

ICICI loans case: Probe follows anonymous letter alleging kickbacks received by Rajiv’s 2 Singapore-based firms. from Banking/Finance-Industry-Economic Times http://bit.ly/2IRh8...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

Read more »

Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

Read more »

Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

Read more »

Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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IL&FS board seeks punitive action against Deloitte, BSR

The board said it had found the two firms failed to issue warnings about shortcomings while auditing the books of IL&FS Financial Services, a subsidiary of IL&FS. from Banking/Finance-Industry-Economic Times http://bit.ly/2UUrc...

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

Read more »

Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

Read more »

Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

Read more »

Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

Read more »

Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V7UU...

Read more »

Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GLiZ...

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NBFCs aim to tap overseas loan market raising $200-400 million each

L&T Finance, Piramal Capital Housing, Bajaj Finance declined to comment on the matter. An email sent to Hero FinCorp remained unanswered. from Banking/Finance-Industry-Economic Times http://bit.ly/2GTld...

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Lenders approve Patanjali’s ₹ 4,325 cr bid for Ruchi Soya

In its first major acquisition, Yoga guru Baba Ramdev-led Patanjali Ayurved walked away with debt-ridden edible oil firm Ruchi Soya with a bid of ₹ 4 from Business Line - Money & Banking http://bit.ly/2J6PR...

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Repo-link effect: SBI savings a/c holders with balance above ₹1 lakh to get lower interest

Savings bank account holders in SBI having more than ₹1 lakh balance will earn a quarter percentage point less interest from Wednesday, with the count from Business Line - Money & Banking http://bit.ly/2IP1a...

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Non-food bank credit up 12% in FY19: RBI

Our BureauNon-food bank credit increased by a robust 12.3 per cent year-on-year in March 2019, compared to an increase of 8.4 per cent in March 2018 from Business Line - Money & Banking http://bit.ly/2GKiU...

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Uday Kotak on challenges in financial sector, liquidity stress, IL&FS and more

Next six months are going to be very crucial in how India handles the challenges in financial sector. from Banking/Finance-Industry-Economic Times http://bit.ly/2PCR5...

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Dewan Housing Finance pays ₹838 crore to NCD holders

DHFL said it paid ₹500 crore in principal and ₹338 crore in interest on four NCD series that matured on Tuesday from Business Line - Money & Banking http://bit.ly/2PFVy...

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Turbulence in financial sector may eventually impact the real economy: Uday Kotak

High concentration of NBFC players poses a challenge, says Uday Kotak from Business Line - Money & Banking http://bit.ly/2ZI59...

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Ujjivan begins Chennai operations

Ujjivan Small Finance Bank, a wholly-owned subsidiary of Ujjivan Financial Services, on Tuesday announced commencement of its Chennai operations with from Business Line - Money & Banking http://bit.ly/2USIN...

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CBI searches YSR Congress candidate’s premises in ₹ 947 cr loan default case

The CBI on Tuesday searched the residences and offices of YSR Congress candidate from Narsapuram, K Raghurama Krishnam Raju, for alleged loan default from Business Line - Money & Banking http://bit.ly/2DG2u...

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Kotak Mahindra Bank Q4 net profit jumps 25% on-year, asset quality stable; key figures in a nutshell

India's second largest private sector lender Kotak Mahindra Bank 's Q4 net profit met analyst estimates, as the firm reported a 25% on-year rise in net profit, even as asset quality remained stable. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2URCi...

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Govt notifies taking over of NHB from RBI

The government has issued a notification taking over the National Housing Bank (NHB) after buying entire stake for Rs 1,450 crore from the Reserve B from Business Line - Money & Banking http://bit.ly/2DF8w...

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IL&FS Mutual Fund makes pays Rs 314 crore to debt fund investors

The scheme is one of the eight schemes in the portfolio from Business Line - Money & Banking http://bit.ly/2DErS...

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Yes Bank’s balance sheet clean-up to strain profitability in next 12-18 months: Moody’s

The bank is profitable on a full-year basis, with a return on assets of 0.5 per cent as of March 31, 2019, as against 1.4 per cent a year ago from Business Line - Money & Banking http://bit.ly/2vsZl...

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Kotak Mahindra Bank Q4 profit rises 14% to Rs 2,038 cr

Kotak Mahindra Bank on Tuesday reported 14 per cent rise in consolidated net profit at Rs 2,038.27 crore for March quarter, 2018-19. The private sect from Business Line - Money & Banking http://bit.ly/2WeDa...

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Two-wheeler insurance via WhatsApp: Bharti AXA ties up with Wishfin

Bharti AXA General Insurance, a private non-life insurer, has tied up with financial marketplace Wishfin’s insurance arm Wishpolicy to offer two-wheel from Business Line - Money & Banking http://bit.ly/2J3tH...

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LIC’s Micro Bachat, a protection and savings plan for the low-income group

Life Insurance Corporation of India (LIC) launched a new plan ‘Micro Bachat’ in February this year. This is the first time it has introduced a micro i from Business Line - Money & Banking http://bit.ly/2UOUb...

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Bharti AXA General to sell two-wheeler policies via WhatsApp

Bharti AXA General Insurance on Tuesday said it will sell policies through social media messaging platform WhatsApp and has tied up with web aggrega from Business Line - Money & Banking http://bit.ly/2ISqc...

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Kotak Mahindra Bank Q4 net profit jumps 25% on-year, asset quality stable; key figures in a nutshell

India's second largest private sector lender Kotak Mahindra Bank 's Q4 net profit met analyst estimates, as the firm reported a 25% on-year rise in net profit, even as asset quality remained stable. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2URCi...

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Bharti AXA General to sell two-wheeler policies via WhatsApp

Bharti AXA General Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, will sell the policies on the website of Wishfin's insurance arm Wishpolicy. from Banking/Finance-Industry-Economic Times http://bit.ly/2PATm...

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Standard Chartered plans $1 billion buyback

Shares rallied as much as 7.2 per cent, the biggest intraday gain in nearly three years from Business Line - Money & Banking http://bit.ly/2ZJQI...

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Yes Bank shares dive 30% on Q4 loss

Shares of Yes Bank plummeted nearly 30 per cent on Tuesday after the company reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 31, owing to rise in provisioning for bad loans. The scrip was the worst hit among the front-line companies on both the indices during the morning trade. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GJfP...

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Banks may get just a quarter of claims from 12 debt cases

In the March quarter, the realisation by banks was 24% of their claims, in comparison to 43% overall. from Banking/Finance-Industry-Economic Times http://bit.ly/2PHqr...

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NCLT rejects maintainability plea filed by Kirloskar Bros

Maintainability petition decides whether a case can be tried in a court of law. from Banking/Finance-Industry-Economic Times http://bit.ly/2Y0gy...

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Axis Bank refers two more Lanco group companies to NCLT

Files insolvency petitions against Kondapalli Power and Lanco Solar. from Banking/Finance-Industry-Economic Times http://bit.ly/2UJZJ...

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Bank of Maharashtra back in black with Rs 72 crore profit in Q4

Now that the bank is out of PCA, it will be looking at growing advances to quality corporates, retail agri and the MSME sector. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Vz71...

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New age technology-led NBFC InCred raises Rs 600 crore

New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital. from Banking/Finance-Industry-Economic Times http://bit.ly/2GRdH...

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Round 2 of PSB merger: PNB, Union Bank & BoI may get a call

Finmin likely to hold discussions soon; consolidation expected in second or third quarter of this fiscal year. from Banking/Finance-Industry-Economic Times http://bit.ly/2vp4K...

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Mallya repeats offer of 100% payback to banks

Embattled liquor tycoon Vijay Mallya took to social media on Monday to lament the collapse of Jet Airways and repeated his offer of a “100 per cent from Business Line - Money & Banking http://bit.ly/2PAJW...

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IRDAI panel on microinsurance

The Insurance Regulatory and Development Authority of India (IRDAI) has formed a panel to review the existing regulatory framework on microinsurance a from Business Line - Money & Banking http://bit.ly/2vsCS...

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Shubh Loans eyes ‘Next Billion’ segment to expand

Loan seekers can avail amounts above ₹25,000 up to a maximum of ₹5 lakh from Business Line - Money & Banking http://bit.ly/2WjUL...

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Stake-sales: Reliance Cap aims to raise ₹10,000 cr by June-end

Rating agencies have gone overboard in downgrading companies, says CFO from Business Line - Money & Banking http://bit.ly/2VCN8...

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Allow interest paid on PDIs as deductible expense to make it attractive again: Lenders to CBDT

PDIs can be issued by Indian banks as bonds or debentures from Business Line - Money & Banking http://bit.ly/2Lbj3...

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‘LVB, Indiabulls will benefit significantly from merger’

With the board of Lakshmi Vilas Bank approving the proposed merger with Indiabulls Housing Finance, all eyes are on the RBI to see if the deal passes from Business Line - Money & Banking http://bit.ly/2IM9x...

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‘We believe the new applications will take us to next level’

NPCI’s COO upbeat on RuPay One Nation One Card from Business Line - Money & Banking http://bit.ly/2GSLn...

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Merely 24% recovery from corporate insolvency cases in March quarter

The lenders will receive merely 17% of the Rs 29500 crore dues from Alok Industries, raising doubts over the future realization. from Banking/Finance-Industry-Economic Times http://bit.ly/2PAnK...

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NBFC InCred raises ₹600 cr in Series A

Technology-driven non-banking financial company (NBFC) InCred said on Monday it has successfully concluded its Series A funding round and raised ₹600 from Business Line - Money & Banking http://bit.ly/2PD5J...

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Indian cyber insurance market grows 40%

Data from the DSCI report showed that 350 cyber insurance policies were bought by Indian corporates in 2018 as against 250 in 2017 marking a 40 per cent increase in the sale of these products. from Banking/Finance-Industry-Economic Times http://bit.ly/2XS5X...

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Jaypee insolvency case: IDBI seeks deadline extension

Debt-ridden Jaypee Infratech’s lead lender IDBI, on Monday, approached the National Company Law Tribunal (NCLT) seeking extension of insolvency proce from Business Line - Money & Banking http://bit.ly/2GSja...

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Reliance Nippon Life March-quarter profit rises to Rs 151 crore

For the entire 2018-19 financial year, the company’s net profit was Rs 486.09 crore, as against Rs 455.74 crore in the previous year from Business Line - Money & Banking http://bit.ly/2UIr2...

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Bank of Maharashtra posts net profit of Rs 72 crore in March quarter

Net bad loans came down sharply to 5.52 per cent from 11.24 per cent a year ago from Business Line - Money & Banking http://bit.ly/2PDnC...

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Vijay Mallya repeats offer of 100% payback for Indian banks

Embattled liquor tycoon Vijay Mallya took to social media on Monday to lament the collapse of Jet Airways and repeated his offer of a "100 per cent payback" for state-owned Indian banks to cover his now-defunct Kingfisher Airlines' debt. The 63-year-old former Kingfisher Airlines boss is currently appealing against his extradition order from the UK to India. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2INjd...

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Banks: Trends remain unchanged in MSME lending

While loan growth is healthy and NPLs are stable, private banks have been gaining market share at cost of PSBs from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LpkX...

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Banks: Trends remain unchanged in MSME lending

While loan growth is healthy and NPLs are stable, private banks have been gaining market share at cost of PSBs from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LpkX...

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Key features of unorganised sector workers' pension scheme

The Centre introduced a pension scheme for unorganised sector workers called the Pradhan Mantri Shram Yogi Maandhan (PMSYM) in its February 2019 inter from Business Line - Money & Banking http://bit.ly/2ZJkv...

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Banks: Trends remain unchanged in MSME lending

While loan growth is healthy and NPLs are stable, private banks have been gaining market share at cost of PSBs from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2LpkX...

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Bad debt norms: RBI to seek Election Commission nod

The move for smooth implementation of the Insolvency & Bankruptcy Code and loan restructuring by banks, is crucial after the Supreme Court set aside the controversial February 12 circular issued by then governor Urjit Patel. The RBI was initially planning to issue the revised circular that is expected to give more flexibility in restructuring stressed loans. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GJWN...

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Visa committed to RBI's new data localisation rules: President Ryan McInerney

Visa, which is one of the largest card schemes globally, has been bringing in innovation to help India in its cashless journey. from Banking/Finance-Industry-Economic Times http://bit.ly/2WcZY...

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Realtors in a fix as lenders get more demanding

Financiers undertake more due diligence; seek RoI, capital safety assurance. from Banking/Finance-Industry-Economic Times http://bit.ly/2vtUl...

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RBI moves to tighten current account operating norms to check fund diversion

Draft circular suggests current accounts to be opened and operated only with lead bank in consortium. from Banking/Finance-Industry-Economic Times http://bit.ly/2V4uz...

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Why govt is not directing RBI to disclose details about defaulters and banks’ inspections, says Congress

After that for four long years, the RBI under the direction of this government, clearly wanting to hide things, has procrastinated, has obstructed and has derailed, has avoided, and has given excuses." from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VBht...

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How bankruptcy regulator hard sells stressed assets to global funds

Insolvency and Bankruptcy Board of India (IBBI) chairman MS Sahoo earlier this week led a 10-member team to Hong Kong to individually meet over a dozen investors. from Banking/Finance-Industry-Economic Times http://bit.ly/2GDa3...

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Flagship crop insurance scheme finds fewer takers in kharif 2018

3.43 cr farmers have brought a total area of 3.1 cr hectares: Provisional data from Business Line - Money & Banking http://bit.ly/2UHyf...

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Reliance-ADAG’s downgrade spells more trouble for debt funds

CARE Ratings has now downgraded long-term bank facilities worth ₹12,700 crore from BBB+ to D from Business Line - Money & Banking http://bit.ly/2IMn7...

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Yes Bank’s new chief focusing on compliance and governance to get onto right side of regulator

Addressing analysts hours after shocking with a Rs 1,506-crore loss in the March quarter, Gill cited a recent meeting with a large MNC to cite perception issues. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GQj4...

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RBI’s revised guidelines for resolution of stressed assets likely before May 23

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 The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V2VT...

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Yes Bank’s new chief focusing on compliance and governance to get onto right side of regulator

Addressing analysts hours after shocking with a Rs 1,506-crore loss in the March quarter, Gill cited a recent meeting with a large MNC to cite perception issues. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GQj4...

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RBI’s revised guidelines for resolution of stressed assets likely before May 23

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 The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V2VT...

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A millennial’s guide to buying health cover

Take a policy as early as possible, when you are healthy from Business Line - Money & Banking http://bit.ly/2GOQF...

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Yes Bank’s new chief focusing on compliance and governance to get onto right side of regulator

Addressing analysts hours after shocking with a Rs 1,506-crore loss in the March quarter, Gill cited a recent meeting with a large MNC to cite perception issues. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2GQj4...

Read more »

RBI’s revised guidelines for resolution of stressed assets likely before May 23

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 The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V2VT...

Read more »

Paying the price for unregulated deposits

The Banning of Unregulated Deposit Schemes Ordinance aims to tackle the menace of illicit deposit-taking activities from Business Line - Money & Banking http://bit.ly/2vwlf...

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PNB Housing Finance: Lock into attractive interest rates

The NBFC also offers a high degree of safety to depositors from Business Line - Money & Banking http://bit.ly/2PCvZ...

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IDBI Bank opens processing in 3 cities for Iran trade

IDBI received the nod to handle import-export transactions with Iran in early March. from Banking/Finance-Industry-Economic Times http://bit.ly/2J1dG...

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RBI’s revised guidelines for resolution of stressed assets likely before May 23

The Model Code of Conduct for the Lok Sabha polls is unlikely to have any bearing on issuance of a revised framework for resolution of stressed assets from Business Line - Money & Banking http://bit.ly/2XSOo...

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Yes Bank clean-up to continue, as Ravneet Gill shifts focus to get onto right side of regulator

RBI had reportedly found serious lapses in governance and poor compliance culture at Yes Bank under Kapoor. from Banking/Finance-Industry-Economic Times http://bit.ly/2Vv0l...

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RBI to issue new Rs 20 note; here’s how ‘greenish yellow’ note looks like

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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