Reliance Capital rushes asset sales ahead of repayments in June

Over the past two weeks, Ambani also announced the sale of a radio station and mutual fund business to repay creditors from Business Line - Money & Banking http://bit.ly/2JOJ1...

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Ex-IFIN directors okayed loans to Siva companies despite RBI reservations

Siva Group chairman C Sivasankaran is one of the 30 individuals and entities against whom the SFIO filed its chargesheet in the IL&FS case. from Banking/Finance-Industry-Economic Times http://bit.ly/2Z3tP...

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SBI in favour of a single Resolution Professional for RCom, subsidiaries

SBI made the proposal at a meeting of lenders on Thursday, arguing that it would ensure better coordination during the bankruptcy proceedings of RCom. from Banking/Finance-Industry-Economic Times http://bit.ly/2Ki6Z...

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Bankers mostly optimistic on economy: CII-IBA

Survey reveals a robust increase in Financial Conditions Index in first quarter from Business Line - Money & Banking http://bit.ly/2KdPV...

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New CGM for SBI’s Kerala circle

Mrigendra Lal Das has taken charge as Chief General Manager of State Bank of India, Thiruvananthapuram Circle. He will control the operations of all t from Business Line - Money & Banking http://bit.ly/2W7FZ...

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Ujjivan Small Finance Bank plans giant technological strides

Launched in 2015, Ujjivan SFB hired former head of digital initiates at HDFC Bank, Nitin Chugh, as its MD and CEO last December from Business Line - Money & Banking http://bit.ly/2YX1S...

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BoB offers service interoperability

Following the merger of Dena Bank and Vijaya Bank with itself, Bank of Baroda (BoB) is introducing interoperability of six key services for savings from Business Line - Money & Banking http://bit.ly/2WDss...

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India's forex reserves up by $1.99 billion to $419.99 billion

India's forex reserves increased by $1.994 billion to $419.992 billion for the week ended May 24 on swelling up of the core currency assets, the Reserve Bank said on Friday. The overall reserves had declined by $2.05 billion to $417.99 billion in the previous reporting week. The reserves had touched an all-time high of $426 billion in April 2018. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2XdwE...

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Ready to take over probe into multi-crore bitcoin Ponzi scam, CBI tells Supreme Court

The CBI told the Supreme Court on Friday that it is ready to take over the investigation into the multi-crore bitcoin Ponzi scheme in which several i from Business Line - Money & Banking http://bit.ly/30WM0...

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RBI may cut repo rate by 25 basis points: Analysts

The RBI will announce its second bi-monthly monetary policy for the current fiscal on June 6 from Business Line - Money & Banking http://bit.ly/2Mzfs...

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Rupee Co-op Bank gets extension for its banking license till August 31

Rupee Bank has submitted Merger Proposal to Maharashtra State Co-op. Bank Ltd., Mumbai (MSC Bank) from Banking/Finance-Industry-Economic Times http://bit.ly/2wvrK...

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Nirav Modi approaches UK High Court for bail

Nirav Modi, wanted by India for fraud and money laundering charges amounting to nearly USD 2 billion, applied for bail in the UK High Court.The Crown from Business Line - Money & Banking http://bit.ly/2W7sf...

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IDBI Bank loss narrows to ₹4,918 cr

IDBI Bank reported its 10th consecutive quarterly loss in the March 2019 quarter, even as the top management said it would turn profitable in the thir from Business Line - Money & Banking http://bit.ly/2WdaU...

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SWIFT India and South Asia Regional Conference 2019

To discuss these paradigm shifts, SWIFT - a financial messaging services provider - hosted the India and South Asia Regional Conference 2019. from Banking/Finance-Industry-Economic Times http://bit.ly/2EW2z...

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IL&FS case: SFIO files first chargesheet

Sivasankaran, nine IFIN ex-directors, auditors BSR & Deloitte accused of hiding info, falsifying accounts. from Banking/Finance-Industry-Economic Times http://bit.ly/2Qy1z...

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IDBI Bank trims loss to Rs 4,918 crore, provisions remain high

Provisions remain high; net NPA ratio also picked up to 10.11% in Q4FY19. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kdxj...

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Weak demand crimps auto, consumer durable loans

Slowdown in household consumption demand has led to a fall in auto and consumer durable loans from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WA7I...

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IDBI Bank trims loss to Rs 4,918 crore, provisions remain high

Provisions remain high; net NPA ratio also picked up to 10.11% in Q4FY19. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Kdxj...

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Weak demand crimps auto, consumer durable loans

Slowdown in household consumption demand has led to a fall in auto and consumer durable loans from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WA7I...

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Sundaram Finance Q4 net Rs 675 Cr; to raise Rs 11,000 Crore

Non-banking finance company Sundaram Finance Ltd has recorded net profit for the quarter ending March 31, 2019 at Rs 675 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Xjxh...

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Sundaram Finance Q4 net Rs 675 Cr; to raise Rs 11,000 Crore

Non-banking finance company Sundaram Finance Ltd has recorded net profit for the quarter ending March 31, 2019 at Rs 675 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Xjxh...

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MFIs with Rs 3000 crore loans on Federal Bank radar for acquisition

Microfinance business has gained stability, setting aside the funding woes with banks backing micro lenders. from Banking/Finance-Industry-Economic Times http://bit.ly/2Xnoq...

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TMB net up 16.5 per cent at Rs 258 crore

The bank achieved a total business of Rs 62,165.66 crore (up 10 per cent) in fiscal 2018-19 from Business Line - Money & Banking http://bit.ly/2HJxC...

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Insuretech Symbo plans to launch more innovative products in India

Insuretech company Symbo Insurance has launched operations in Singapore from Business Line - Money & Banking http://bit.ly/2MsYG...

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Sundaram Finanace Q4 net at Rs 675 crore

NBFC expects to raise ₹11,000 crore in FY20 via various term-funding options, says MD from Business Line - Money & Banking http://bit.ly/2Mjtu...

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BoB to move NPAs of Dena/Vijaya to its stressed asset branches

Will also move corporate customers of both banks to corporate financial services branches from Business Line - Money & Banking http://bit.ly/2HJFY...

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Sundaram Finance Q4 net at ₹675 cr

NBFC expects to raise ₹11,000 crore in FY20 via various term-funding options, says MD from Business Line - Money & Banking http://bit.ly/2KcnY...

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Sundaram Finance Q4 net Rs 675 Cr; to raise Rs 11,000 Crore

Non-banking finance company Sundaram Finance Ltd has recorded net profit for the quarter ending March 31, 2019 at Rs 675 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Xjxh...

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Little to cheer for PSU banks in July Budget; no govt recapitalisation till December

The new government is not likely to announce bank recapitalisation in the July budget and will wait for the second quarter results to infuse capital into the public sector banks. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K9UM...

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State Bank of India sees opportunities in shadow loan crisis

The crisis has forced non-banking financial companies to sell assets and restrict new loans, giving state-owned lenders an opportunity to claw back market share they have lost over the past decade. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2YUTb...

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Sundaram Finance Q4 net Rs 675 Cr; to raise Rs 11,000 Crore

Non-banking finance company Sundaram Finance Ltd has recorded net profit for the quarter ending March 31, 2019 at Rs 675 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Xjxh...

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Little to cheer for PSU banks in July Budget; no govt recapitalisation till December

The new government is not likely to announce bank recapitalisation in the July budget and will wait for the second quarter results to infuse capital into the public sector banks. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K9UM...

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State Bank of India sees opportunities in shadow loan crisis

The crisis has forced non-banking financial companies to sell assets and restrict new loans, giving state-owned lenders an opportunity to claw back market share they have lost over the past decade. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2YUTb...

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Exim Bank posts Rs 82 crore PAT in FY19

Provision coverage ratio improved to 85 per cent from 71 per cent in 2017-18 from Business Line - Money & Banking http://bit.ly/2JNVT...

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UK court remands Nirav Modi till June 27

A UK court on Thursday extended till June 27 the remand of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India in the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case. The 48-year-old has been lodged at Wandsworth prison in south-west London since his third attempt at seeking bail was rejected. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2MiPw...

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PNB fraud: UK court remands Nirav Modi till June 27

A UK court on Thursday extended till June 27 the remand of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India in the near from Business Line - Money & Banking http://bit.ly/2Ke0z...

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Anil Ambani in talks to sell General Insurance biz to Hero FinCorp

Beleaguered businessman Anil Ambani is in talks to sell his group’s general insurance unit to a non-banking finance company (NBFC), people familiar wi from Business Line - Money & Banking http://bit.ly/2WeoR...

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DBS expects RBI to cut 25 bps at June 6 meet

Singapore-based DBS Group expects the Reserve Bank of India’s (RBI) rate-setting panel to make a 25 basis point cut in the repo rate at its June 6 me from Business Line - Money & Banking http://bit.ly/2Msd1...

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L&T Finance offers two-wheeler loans without hypothecation

L&T Finance Limited is offering two-wheeler loans without the need for hypothecation of vehicle to the financier over the tenure of the loan. The from Business Line - Money & Banking http://bit.ly/2EGSZ...

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IDBI Bank seeks buyers for AMC, MF trustee arms

ICICI Securities on Wednesday sought bids for IDBI Bank-owned IDBI Asset Management and IDBI MF Trustee Company as part of the lender’s ongoing effort to sell off its non-core assets to raise from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Xhgc...

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PNB remains upbeat despite incremental slippages of Rs 12,000 crore projected for FY20

The bank’s total fresh slippages stood at Rs 16,616 crore in FY19 against Rs 40,672 crore in FY18. As for Q4FY19, the bank’s slippages stood at Rs 5,130 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EHI7...

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IDBI Bank seeks buyers for AMC, MF trustee arms

ICICI Securities on Wednesday sought bids for IDBI Bank-owned IDBI Asset Management and IDBI MF Trustee Company as part of the lender’s ongoing effort to sell off its non-core assets to raise from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Xhgc...

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PNB remains upbeat despite incremental slippages of Rs 12,000 crore projected for FY20

The bank’s total fresh slippages stood at Rs 16,616 crore in FY19 against Rs 40,672 crore in FY18. As for Q4FY19, the bank’s slippages stood at Rs 5,130 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EHI7...

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IDBI Bank seeks buyers for AMC, MF trustee arms

ICICI Securities on Wednesday sought bids for IDBI Bank-owned IDBI Asset Management and IDBI MF Trustee Company as part of the lender’s ongoing effort to sell off its non-core assets to raise from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Xhgc...

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PNB remains upbeat despite incremental slippages of Rs 12,000 crore projected for FY20

The bank’s total fresh slippages stood at Rs 16,616 crore in FY19 against Rs 40,672 crore in FY18. As for Q4FY19, the bank’s slippages stood at Rs 5,130 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EHI7...

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Biggest Indian bank sees opportunities in shadow loan crisis

India’s shadow lenders have been under pressure since last year, when a series of defaults by IL&FS forced the government to intervene and exposed weaknesses in the sector. from Banking/Finance-Industry-Economic Times http://bit.ly/2YUcE...

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Hero FinCorp may buy Reliance General Insurance

This is part of Reliance Capital’s efforts to reduce its Rs 18,000 crore debt. from Banking/Finance-Industry-Economic Times http://bit.ly/2HI5g...

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No-liquidity stress seen for NBFC-MFIs right now: Bandhan Bank CEO Chandra Shekhar Ghosh

Bandhan Bank’s exposure to NBFC-MFI sector stood at Rs 2,333 crore at the end of the last fiscal. As on March 31, 2019, its loan book stood at Rs 44,776 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MgJu...

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IFC pumps $222 million into Chola to help finance small borrowers

Of the total amount, $ 92 million is from IFC’s own account and the rest syndicated from First Abu Dhabi Bank ($50 million), MUFG Bank ($50 million), National Bank of Ras Al-Khaimah PJSC ($20 million), and CTBC Bank ($10 million). from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHu...

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RBI extends relaxed norms for NBFC loan securitisation till December 31

Non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MiaE...

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RBI constitutes panel to suggest ways to deepen housing finance securitisation market

The Reserve Bank of India (RBI) on Wednesday constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHq...

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RBI sets up task force on secondary market development in corporate loans

The task force has been asked to submit its report by the end of August 2019. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MhAE...

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PNB to mop up Rs 10K cr from non-core asset sale, rights issue, write-back

The lender is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under the Insolvency and Bankruptcy Code. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHn...

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RBI likely to keep repo rate unchanged in June: Report

verage headline inflation is expected to rise to 3.9 per cent in 2019-20 from 3.4 per cent in 2018-19, with risks to its inflation forecasts broadly balanced, the report said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MvBl...

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No-liquidity stress seen for NBFC-MFIs right now: Bandhan Bank CEO Chandra Shekhar Ghosh

Bandhan Bank’s exposure to NBFC-MFI sector stood at Rs 2,333 crore at the end of the last fiscal. As on March 31, 2019, its loan book stood at Rs 44,776 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MgJu...

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IFC pumps $222 million into Chola to help finance small borrowers

Of the total amount, $ 92 million is from IFC’s own account and the rest syndicated from First Abu Dhabi Bank ($50 million), MUFG Bank ($50 million), National Bank of Ras Al-Khaimah PJSC ($20 million), and CTBC Bank ($10 million). from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHu...

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RBI extends relaxed norms for NBFC loan securitisation till December 31

Non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MiaE...

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RBI constitutes panel to suggest ways to deepen housing finance securitisation market

The Reserve Bank of India (RBI) on Wednesday constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHq...

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RBI sets up task force on secondary market development in corporate loans

The task force has been asked to submit its report by the end of August 2019. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MhAE...

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PNB to mop up Rs 10K cr from non-core asset sale, rights issue, write-back

The lender is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under the Insolvency and Bankruptcy Code. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHn...

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RBI likely to keep repo rate unchanged in June: Report

verage headline inflation is expected to rise to 3.9 per cent in 2019-20 from 3.4 per cent in 2018-19, with risks to its inflation forecasts broadly balanced, the report said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MvBl...

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No-liquidity stress seen for NBFC-MFIs right now: Bandhan Bank CEO Chandra Shekhar Ghosh

Bandhan Bank’s exposure to NBFC-MFI sector stood at Rs 2,333 crore at the end of the last fiscal. As on March 31, 2019, its loan book stood at Rs 44,776 crore. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MgJu...

Read more »

IFC pumps $222 million into Chola to help finance small borrowers

Of the total amount, $ 92 million is from IFC’s own account and the rest syndicated from First Abu Dhabi Bank ($50 million), MUFG Bank ($50 million), National Bank of Ras Al-Khaimah PJSC ($20 million), and CTBC Bank ($10 million). from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHu...

Read more »

RBI extends relaxed norms for NBFC loan securitisation till December 31

Non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MiaE...

Read more »

RBI constitutes panel to suggest ways to deepen housing finance securitisation market

The Reserve Bank of India (RBI) on Wednesday constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHq...

Read more »

RBI sets up task force on secondary market development in corporate loans

The task force has been asked to submit its report by the end of August 2019. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MhAE...

Read more »

PNB to mop up Rs 10K cr from non-core asset sale, rights issue, write-back

The lender is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under the Insolvency and Bankruptcy Code. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WvHn...

Read more »

RBI likely to keep repo rate unchanged in June: Report

verage headline inflation is expected to rise to 3.9 per cent in 2019-20 from 3.4 per cent in 2018-19, with risks to its inflation forecasts broadly balanced, the report said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2MvBl...

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Banks can use Aadhaar for KYC with customer's consent: RBI

The RBI specifies Know Your Customer norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts. from Banking/Finance-Industry-Economic Times http://bit.ly/2VUx0...

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NHB orders home financiers to appoint risk officer

The regulator on Wednesday wrote a letter to these companies, stipulating the responsibilities of this senior executive. ET has viewed a copy of the letter. from Banking/Finance-Industry-Economic Times http://bit.ly/2YTfy...

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NCLAT asks IL&FS firms classified green to start paying debts

NCLAT also said that if 'amber' listed companies are not reclassified into 'green' category, then it may pass an order directing them to pay 100% of their obligations towards provident and pension funds. from Banking/Finance-Industry-Economic Times http://bit.ly/2I3YD...

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RBI forms two panels to strengthen sale of stressed corporate assets and housing loan portfolios

These panels have been asked to review the existing market operations and come up with recommendations aligning them with global best practices. from Banking/Finance-Industry-Economic Times http://bit.ly/2VUyH...

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RBI constitutes committee to review mortgage securitisation

Our BureauThe Reserve Bank of India has constituted a six-member committee on Development of Housing Finance Securitisation Market to review the exist from Business Line - Money & Banking http://bit.ly/2JKQ0...

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Axis Bank to convert 4.53-crwarrants into equity shares

Axis Bank has decided to convert 4.53 crore warrants issued by it into equity shares for investors, including Bain Capital’s BC Asia Investments III, from Business Line - Money & Banking http://bit.ly/2K8tv...

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RBI tweaks KYC norms for regulated entities

The Reserve Bank of India (RBI) has carried out important changes in its master direction on Know-Your-Customer (KYC) for regulated entities (REs), in from Business Line - Money & Banking http://bit.ly/2VTVc...

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Lakshmi Vilas Bank aims to raise ₹700-1,000 cr in FY20

Nod for merger with Indiabulls Housing Fin will come in due course, says bank’s CEO from Business Line - Money & Banking http://bit.ly/30P5v...

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World Bank-member IFC to invest ₹1,550 cr in Chola

International Finance Corporation (IFC), a member of the World Bank Group, has anchored an investment round of $222 million (approximately ₹1,550 cror from Business Line - Money & Banking http://bit.ly/2EG7b...

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Merger tailwind: IndiaFirst Life sees surge in new biz premium

IndiaFirst Life Insurance Company Ltd (IndiaFirst Life) expects a nearly 50 per cent jump in its retail new business premium (NBP) this fiscal to ₹1,0 from Business Line - Money & Banking http://bit.ly/2Xgj4...

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RBI sets up committee on corporate loans

Our BureauThe Reserve Bank of India has constituted a six-member committee on the Development of Secondary Market for Corporate Loans to come up with from Business Line - Money & Banking http://bit.ly/2ECVP...

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Mastercard embarks on expansion spree

To set up processing centre, services hub; eyes 1 crore payment terminals by 2020 from Business Line - Money & Banking http://bit.ly/2XcKY...

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PNB sets Rs 20,000 crore recovery target in FY20

The state-owned bank’s target is 25% higher than recoveries of Rs 16,000 crore in the previous financial year. from Banking/Finance-Industry-Economic Times http://bit.ly/2Wygx...

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Finance Ministry invites applications for IIFCL MD for third time

The government had first invited application for the job in May 2017, but could not find a suitable candidate. Subsequently, another failed attempt was made last year. from Banking/Finance-Industry-Economic Times http://bit.ly/2MhDJ...

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PNB to mop up Rs 10K crore from non-core asset sale, rights issue, write-back

The lender is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under the Insolvency and Bankruptcy Code. from Banking/Finance-Industry-Economic Times http://bit.ly/2Xgfo...

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HDFC disburses Rs 2,300 cr as subsidy under PMAY

The company has disbursed subsidy amounting to over Rs 2,300 crore benefitting over 1,04,000 families under PMAY. from Banking/Finance-Industry-Economic Times http://bit.ly/2Quv2...

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Allianz insurance captive wins two awards

The Allianz captive bagged top honours in the categories of 'Transformation Catalyst' and 'Learning & Skill Development' instituted by Nasscom from Business Line - Money & Banking http://bit.ly/2KbcY...

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Power Finance Corporation Q4 net up 2.65 times to Rs 2117.56 cr

Power Finance Corporation Limited has reported a net profit of ₹ 2117.56 crore for the fourth quarter ended March 31, 2019. This represents a 165.96 p from Business Line - Money & Banking http://bit.ly/2MpPw...

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RBI may slash repo rate by 25 bps in June: Report

Monetary Policy Committee to meet on June 3 to decide on key interest rates from Business Line - Money & Banking http://bit.ly/2wss9...

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Government may use acquisition route for general insurers

An acquisition of government shares in the other two entities will also help the Centre raise some funds and bolster its disinvestment corpus. from Banking/Finance-Industry-Economic Times http://bit.ly/2Qvmh...

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SBI to sell Rs 230-crore NPAs with up to 79% haircut

State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/30Lda...

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Central Bank of India MD says looking at profitability in FY20

Central Bank of India, still under the prompt corrective action (PCA) framework, is working towards profitability in FY20, and making efforts to turn a profit in Q1FY20, managing director and CEO Pallav Mohapatra tells Mitali Salian. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VZ6M...

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NBFCs and old private sector banks: Made for each other?

The NBFC crisis has highlighted the need for a reinvention of the institutional framework in financial intermediation. from Banking/Finance-Industry-Economic Times http://bit.ly/2QDUg...

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Firm on pharma, Dilip Shanghvi surrenders NBFC licence

RBI puts on hold Shanghvi Finance's request for core investment company licence. from Banking/Finance-Industry-Economic Times http://bit.ly/2wmOW...

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Independent director Janakiraman resigns from IL&FS units

Janakiraman, a former managing director of State Bank of India, was also head of the risk management committee at ISSL and had been part of the panel for more than a decade. from Banking/Finance-Industry-Economic Times http://bit.ly/2YTq1...

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SBI to sell Rs 230-crore NPAs with up to 79% haircut

State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/30Lda...

Read more »

Central Bank of India MD says looking at profitability in FY20

Central Bank of India, still under the prompt corrective action (PCA) framework, is working towards profitability in FY20, and making efforts to turn a profit in Q1FY20, managing director and CEO Pallav Mohapatra tells Mitali Salian. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VZ6M...

Read more »

SBI to sell Rs 230-crore NPAs with up to 79% haircut

State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/30Lda...

Read more »

Central Bank of India MD says looking at profitability in FY20

Central Bank of India, still under the prompt corrective action (PCA) framework, is working towards profitability in FY20, and making efforts to turn a profit in Q1FY20, managing director and CEO Pallav Mohapatra tells Mitali Salian. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VZ6M...

Read more »

SBI to sell Rs 230-crore NPAs with up to 79% haircut

State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/30Lda...

Read more »

Central Bank of India MD says looking at profitability in FY20

Central Bank of India, still under the prompt corrective action (PCA) framework, is working towards profitability in FY20, and making efforts to turn a profit in Q1FY20, managing director and CEO Pallav Mohapatra tells Mitali Salian. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VZ6M...

Read more »

SBI to sell Rs 230-crore NPAs with up to 79% haircut

State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/30Lda...

Read more »

Central Bank of India MD says looking at profitability in FY20

Central Bank of India, still under the prompt corrective action (PCA) framework, is working towards profitability in FY20, and making efforts to turn a profit in Q1FY20, managing director and CEO Pallav Mohapatra tells Mitali Salian. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VZ6M...

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RBI extends RTGS timing from 4.30 pm to 6 pm

Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 1800 hrs for the general public from June 1, the Reserve Bank of India said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EEEm...

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Lakshmi Vilas Bank Q4 net loss narrows to Rs 264 crore

Private lender Lakshmi Vilas Bank Tuesday reported a lower net loss of Rs 264.43 crore for the quarter ending March 2019 compared to Rs 622.25 crore in the year-ago period due to a decline in provisioning for bad loans. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X64Q...

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RBI extends RTGS timing from 4.30 pm to 6 pm

Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 1800 hrs for the general public from June 1, the Reserve Bank of India said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EEEm...

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Lakshmi Vilas Bank Q4 net loss narrows to Rs 264 crore

Private lender Lakshmi Vilas Bank Tuesday reported a lower net loss of Rs 264.43 crore for the quarter ending March 2019 compared to Rs 622.25 crore in the year-ago period due to a decline in provisioning for bad loans. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X64Q...

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RBI extends RTGS timing from 4.30 pm to 6 pm

Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 1800 hrs for the general public from June 1, the Reserve Bank of India said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EEEm...

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Lakshmi Vilas Bank Q4 net loss narrows to Rs 264 crore

Private lender Lakshmi Vilas Bank Tuesday reported a lower net loss of Rs 264.43 crore for the quarter ending March 2019 compared to Rs 622.25 crore in the year-ago period due to a decline in provisioning for bad loans. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X64Q...

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Under IBC, 378 companies owing Rs 2.5 lakh crore sent for liquidation

Latest IBBI data shows that in 16% cases, bids received were higher than liquidation value of assets, but deferred payments offer prompted lenders to reject them. from Banking/Finance-Industry-Economic Times http://bit.ly/2YMz4...

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RBI extends RTGS timing from 4.30 pm to 6 pm

Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 1800 hrs for the general public from June 1, the Reserve Bank of India said Tuesday. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EEEm...

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Lakshmi Vilas Bank Q4 net loss narrows to Rs 264 crore

Private lender Lakshmi Vilas Bank Tuesday reported a lower net loss of Rs 264.43 crore for the quarter ending March 2019 compared to Rs 622.25 crore in the year-ago period due to a decline in provisioning for bad loans. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X64Q...

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Lending to MSME sector to get a fillip

Public sector banks seem to be ceding ground to private sector banks and non-banking finance companies when it comes to lending to the micro, small from Business Line - Money & Banking http://bit.ly/2W8kY...

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Phygital is the way forward for banks to attract, retain customers

Lenders can become far more effective through both digital and physical presence from Business Line - Money & Banking http://bit.ly/2HIqB...

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Focus on India’s banking and insurance

There was a time when people could avail of a bank’s services only between 10 am and 2 pm, and only at their specific branch. Today, digital banking a from Business Line - Money & Banking http://bit.ly/2JIwz...

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Health cover gets better, broader

IRDAI may ban key exclusions to protect the interest of policyholders from Business Line - Money & Banking http://bit.ly/2X6E7...

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Feeble inflow from NCLT cases pushes PNB into the red in Q4

Public sector bank posts ₹4,750-crore loss; fundamentals still strong, asserts bank’s CEO from Business Line - Money & Banking http://bit.ly/30Rdu...

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Customer focus drives HDFC Life

HDFC Life has also invested in service platforms which offer both self service and assisted modes of customer service from Business Line - Money & Banking http://bit.ly/2VWPI...

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RBI extends RTGS transfer timings

The Reserve Bank of India has increased the Real Time Gross Settlement (RTGS) time window for customer transactions (initial cut-off) from 4.30 pm to from Business Line - Money & Banking http://bit.ly/2QwyE...

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RBI extends last cut-off timing for RTGS transactions from 4.30 pm to 6pm

Effectively, the transactions will now take place under three windows: 8am to 11am, 11am to 1am and 1am to 6pm. from Banking/Finance-Industry-Economic Times http://bit.ly/2X9pb...

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Save your home and car this monsoon season

Rather than doing a guesstimate on whether the IMD will get its prediction right on normal rains this year, sign up for insurance and secure your properties from Business Line - Money & Banking http://bit.ly/2EEzV...

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Cancer insurance: All you want to know on how to prepare for various scenarios

Indemnity-based cancer policies from health insurers are the best choice today from Business Line - Money & Banking http://bit.ly/2X5Ix...

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GIC Re, general insurers approach CBDT seeking relief from long-term capital gains tax

Insurers pay a tax of nearly 33% on sale of listed equities against 10-15 % paid earlier from Business Line - Money & Banking http://bit.ly/2WbGx...

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LVB’s Q4 net loss narrows to ₹264 crore

Private sector lender Lakshmi Vilas Bank’s (LVB) net loss for the fourth quarter FY19 narrowed by 58 per cent to ₹264 crore against a net loss of ₹62 from Business Line - Money & Banking http://bit.ly/2WaOu...

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A day after Modi was re-elected foreign funds bought Indian bonds

Global investors piled a net $216.3 million into Indian bonds on Friday, the day after Prime Minister Narendra Modi’s sweeping election victory.The s from Business Line - Money & Banking http://bit.ly/2EDdJ...

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Auxilo Finserve enters Gujarat with finance of Rs 100 crore in education

It offers loans that cover up to 100 per cent of the financing for pre-admission requirements, tuition fees, pre-visa disbursal as well as air-travel fare from Business Line - Money & Banking http://bit.ly/2Mf7c...

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World Bank to invest $35 million in Manapurram Finance

IFC may also provide advisory services to bring global best practices to MFL’s risk management systems and help it build capacity in MSME lending. from Banking/Finance-Industry-Economic Times http://bit.ly/2wmY1...

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PNB narrows Q4 loss to Rs 4,750 crore

State-owned Punjab National Bank on Tuesday said it has narrowed its loss to Rs 4,750 crore in the last quarter of the fiscal ended March 2019. The scam-hit lender had posted a staggering loss of Rs 13,417 crore during the corresponding January-March period of 2017-18. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EE6V...

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IFC to invest $35 mn in Manappuram Finance

International Finance Corporation (IFC), a sister organisation of the World Bank Group, will invest $35 million in Manappuram Finance Ltd (MFL), makin from Business Line - Money & Banking http://bit.ly/2M8XE...

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PNB back in red, reports Q4 net loss of Rs 4,750 cr

After staging a turnaround in third quarter, Punjab National Bank (PNB) on Tuesday returned to red with net loss of Rs 4,750 crore in the fourth quart from Business Line - Money & Banking http://bit.ly/2I0Y0...

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Govt eyes 40 billion e-transactions in FY20

For the financial year ended March 2019, the target was of about 30 billion digital transactions, of which 90-95% was met. from Banking/Finance-Industry-Economic Times http://bit.ly/2Mden...

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CIC directs RBI to provide names of big loan defaulters

The Central Information Commission (CIC) has directed the Reserve Bank of India (RBI) to disclose the list of big loan defaulters that the central bank had sent to lenders for resolution. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Xa8k...

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The slogan I'm pushing across the group is 'death of debt': Anil Ambani

In an interview with ET, Anil Ambani talks about his plans of monetising assets to reduce debt and his focus on capital-light businesses. from Banking/Finance-Industry-Economic Times http://bit.ly/2KahJ...

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Gasping NBFCs need urgent help: Anil Ambani

Reliance Group chief expects new govt and RBI to provide support in the form of immediate liquidity window. from Banking/Finance-Industry-Economic Times http://bit.ly/2JHKW...

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Cheaper loans: Fresh lending rates see 10 bps drop in March

Decline led by 20 bps slump in rates of PSBs as banks reduced lending to the troubled NBFC sector, from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2wpX5...

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Indian Overseas Bank bets big on ‘bank on wheels’

Chennai-based public-sector lender Indian Overseas Bank (IOB) has launched ‘bank on wheels’ in 14 districts spread across Tamil Nadu, Kerala and the Vijayawada region of Andhra Pradesh. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2QrY4...

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Deposit rates, lending rates expect to remain stable over the near term

As per the latest data by RBI, term deposit rates were flat m-o-m in March 2019 at 6.9%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2wl3Y...

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Cheaper loans: Fresh lending rates see 10 bps drop in March

Decline led by 20 bps slump in rates of PSBs as banks reduced lending to the troubled NBFC sector, from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2wpX5...

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Indian Overseas Bank bets big on ‘bank on wheels’

Chennai-based public-sector lender Indian Overseas Bank (IOB) has launched ‘bank on wheels’ in 14 districts spread across Tamil Nadu, Kerala and the Vijayawada region of Andhra Pradesh. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2QrY4...

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Deposit rates, lending rates expect to remain stable over the near term

As per the latest data by RBI, term deposit rates were flat m-o-m in March 2019 at 6.9%. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2wl3Y...

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CIC directs RBI to disclose names of big loan defaulters

The RBI had accordingly directed banks to file insolvency applications against 12 large accounts comprising about 25 per cent of the total NPAs, he had said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HXbS...

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KVB donates to Army Welfare Fund

Karur Vysya Bank has contributed ₹5 crore to the Army Welfare CSR Fund. PR Seshadri, Managing Director, KVB, handed over the amount to General Bipin R from Business Line - Money & Banking http://bit.ly/2Mm5V...

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RBI may cut repo rate by 35-50 basis points : SBI

Gross value added growth could be at six per cent from Business Line - Money & Banking http://bit.ly/2HEEk...

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Wanna borrow from Satin Credit? Get set to take a psychometric test

This statistical tool helps gauge the potential borrower’s intention to repay loan from Business Line - Money & Banking http://bit.ly/2YQiL...

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Samunnati Fin raises ₹387 cr through Series D funding

The funding is led by Nuveen, the investment management arm of Teachers Insurance and Annuity Association of America from Business Line - Money & Banking http://bit.ly/2HEEl...

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Indian Overseas Bank launches ‘Bank on Wheels’ facility

Indian Overseas Bank (IOB), on Monday, announced that it has launched ‘Bank on Wheels’ facility in 14 of its lead districts in Tamil Nadu and Kerala, from Business Line - Money & Banking http://bit.ly/2K6u4...

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With Modi’s win, analysts divided over Rupee’s prospects

Prime Minister Narendra Modi’s thumping election victory is dividing analysts on India’s rupee.Citigroup Inc. is positioning for a weaker rupee using from Business Line - Money & Banking http://bit.ly/2WmCU...

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CIC directs RBI to disclose names of big loan defaulters

The RBI had accordingly directed banks to file insolvency applications against 12 large accounts comprising about 25 per cent of the total NPAs, he had said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2HXbS...

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NCLT dismisses ICICI insolvency plea against Hyderabad Ring Road Projects

Hyderabad Ring Road Projects Private Ltd, is a special purpose vehicle related to Era Infra Engineering Ltd and raised an amount of Rs 193.60 crore between January 2014 to September 2015. from Banking/Finance-Industry-Economic Times http://bit.ly/2WpzZ...

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CIC directs RBI to provide names of big loan defaulters

The Central Information Commission (CIC) has directed the Reserve Bank of India to disclose the list of big loan defaulters it had sent to banks for from Business Line - Money & Banking http://bit.ly/2JE5c...

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Swift rise in banks' lending rates less likely: Kotak Securities

With deposit rates expected to remain stable over the near term, a swift rise in MCLR (marginal cost of funds based lending rate) is less likely, acc from Business Line - Money & Banking http://bit.ly/2Wonz...

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NPA crisis: Why loans to MSME, real state, farmers may go bad

PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industries. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6v4...

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Can BJP's historic win lower your EMIs?

A clear mandate to the Narendra Modi-led National Democratic Alliance could pave the way for easier interest rates from the Reserve Bank of India when it announces its second bi-monthly policy for 2019 on June 6th. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2YMqe...

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NPA crisis: Why loans to MSME, real state, farmers may go bad

PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industries. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6v4...

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Hard times ahead? Why loans to MSME, real state, agri may go bad

PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industries. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6v4...

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Hard times ahead? Why loans to MSME, real state, agri may go bad

PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industries. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6v4...

Read more »

Hard times ahead? Why loans to MSME, real state, agri may go bad

PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industries. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6v4...

Read more »

Top-level, senior appointments to NHB, IIFCL expected to be cleared soon, say sources

With the new government taking charge this week, top-level and senior appointments to financial institutions that are pending for months are expected to be cleared soon, sources said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6Fw...

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Delhi High Court stays trial court proceedings against bank execs

Directs RBI to respond in 2 weeks from Business Line - Money & Banking http://bit.ly/2WtDv...

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RBI Governor Shaktikanta Das meets Jaitley

His tweet came amid speculations in some media on the state of Jaitley’s health from Business Line - Money & Banking http://bit.ly/2wkiu...

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Top-level appointments to NHB, IIFCL expected soon

With the new government taking charge this week, top-level and senior appointments to financial institutions that are pending for months are expected from Business Line - Money & Banking http://bit.ly/2YNuQ...

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Top-level, senior appointments to NHB, IIFCL expected to be cleared soon, say sources

With the new government taking charge this week, top-level and senior appointments to financial institutions that are pending for months are expected to be cleared soon, sources said. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2X6Fw...

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Merger pangs: How Bank of Baroda media blitzkrieg addressed consumer anxiety

The ad shows three children dressed in the colours of each bank creating a symphony on stage for an audience comprising parents and grandparents — the bank’s core target. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2M6Iv...

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Merger pangs: How Bank of Baroda media blitzkrieg addressed consumer anxiety

The ad shows three children dressed in the colours of each bank creating a symphony on stage for an audience comprising parents and grandparents — the bank’s core target. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2M6Iv...

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How Bank of Baroda addressed consumer anxiety

The ad shows three children dressed in the colours of each bank creating a symphony on stage for an audience comprising parents and grandparents — the bank’s core target. from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2M6Iv...

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