Revised guidelines on bad loans will sustain improvement in credit culture: Shaktikanta Das

RBI Governor Shaktikanta Das on Saturday said revised guidelines to deal with stressed assets will sustain improvement in credit culture as it provid

from Business Line - Money & Banking http://bit.ly/31fYiPS

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ICICI Bank-Videocon PMLA case: ED summons former ICCI Bank CEO Chanda Kochhar next week

The CBI alleged that Dhoot had invested in Nupower through his firm Supreme Energy in a quid pro quo to loans cleared by ICICI Bank after Chanda Kochhar took over as the CEO of the bank on May 1, 2009.

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

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RBI circular provides more freedom to bankers: IBA

The Reserve Bank's new circular for resolution of stressed assets is propelled by provisioning requirements and gives more freedom to bankers in taking decisions, Indian Banks' Association (IBA) chairman Sunil Mehta said on Saturday. The latest directions from the RBI retain the basic spirit of the February 12, 2018 circular as it mandates higher provisioning, bankruptcy options as well as do not allow any other resolution methods outside the new norms.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2KA9jpf

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ICICI Bank-Videocon PMLA case: ED summons Chanda Kochhar next week

They said Chanda Kochhar has been asked to depose before the agency on June 10 after she sought an adjournment of the date scheduled.

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

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Jammu and Kashmir govt appoints R K Chibber as interim chief of J&K Bank

The Jammu and Kashmir government on Saturday removed J&K Bank Chairman Parvez Ahmad and appointed R K Chibber as interim chairman of the lender.

from Business Line - Money & Banking http://bit.ly/2Ws3j9n

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J&K Bank chairman Parvez Ahmad removed, Vigilance raids Bank headquarters

Chibber will replace Ahmad, who was appointed in 2016 as the chairman of the bank.

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

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RBI circular a welcome step; provides more freedom to bankers: Indian Banks' Association

Two months after the Supreme Court struck down its February 12 circular, the Reserve Bank of India (RBI) Friday came out with a revised framework for resolving stressed assets.

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

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Promoter stake: RBI fines Kotak Bank Rs 2 crore

The RBI has imposed a Rs 2-crore penalty on the Uday Kotak-led Kotak Mahindra Bank for noncompliance with the directions issued to dilute promoter holding by December 2018.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IqVff7

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Embassy buys 14% in Indiabulls Real Estate in bulk deal

As per the terms, Blackstone-Embassy will acquire Gehlaut’s remaining stake of over 24% in 6-8 weeks and then make an open offer to the company’s shareholders.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Wo3FJb

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India has 597 ATMs less in 2019 than 2017: RBI report

India has one of the lowest ratios of ATM cash withdrawal relative to cash in circulation, revealed the report.

from Banking/Finance-Industry-Economic Times http://bit.ly/31h9Dix

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SBI offers home loans that will be in sync with RBI rate

State Bank of India, the largest housing finance provider, has become the first bank to link the cost of its home loans to the Reserve Bank of India’s repo rate. The move comes even as the RBI has put on hold a proposal to get banks to link their lending rates to an external benchmark, like the repo.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2XzDuk0

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RBI revised framework offers some leeway to defaulters — check new rules

One-day-default rule makes way for a 30-day one, but banks need to find a resolution fast or punitive provisions kick in

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

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IFIN case: Deloitte ignored RBI rules, finds SFIO probe

Deloitte, according to the SFIO, had disregarded the RBI's regulations and turned a blind eye to IFIN’s ‘evergreening’ of loans.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Zen2WO

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SFIO wants DSK Group promoters to be prosecuted

The DSK Group is a conglomerate with operations in sectors including real estate, automobiles and education.

from Banking/Finance-Industry-Economic Times http://bit.ly/2WwK4eQ

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RBI issues fresh circular for defaulting companies

The original February 12, 2018, circular had tightened the screws on those who missed loan repayments and scrapped all debt recast plans.

from Banking/Finance-Industry-Economic Times http://bit.ly/2K3l20j

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States sharing bank details expose 'deep pool' of offshore money, says OECD

Over 90 governments have shared details about 47 million offshore accounts having a combined holding of $5.5 trillion

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

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IT service providers are spotting fresh business opportunities in cooperative banks

In a bid to stay relevant, cooperative banks need to turn to technology.

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

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India needs a mega-bailout. Here’s how to do it

Another shadow bank in India has missed a bond payment. That’s a reminder to the new government that a mega-bailout of the country’s distressed finan

from Business Line - Money & Banking http://bit.ly/2K30mFr

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Monetary policy meet: RBI says more liquidity, cuts repo rate by 25 bps

RBI governor Shaktikanta Das said the RBI was committed to maintaining financial stability and would take whatever steps were necessary.

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

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Oriental Bank of Commerce says no specific merger plan now

Media reports, including FE's, had earlier suggested that OBC had floated the idea of combining with Indian Bank and Corporation Bank. 

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

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Cheaper loans? Rates unlikely to fall post RBI’s repo cut

Improved liquidity situation may not translate into lower deposit rates as banks remain wary in an environment of slow deposit growth

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EWU06n

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RBI monitoring developments in NBFC sector, says Shaktikanta Das

Markets have been hoping for a special liquidity window for some troubled NBFCs, HFCs which have asset-liability mismatches and have been unable to repay lenders

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

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Experts’ take: RBI delivers third rate cut, changes its stance

The RBI announced that it will “review comprehensively” the existing liquidity management framework by mid-July and suggest measures to simplify it; it also indicated that it will be more communicative on the objectives of management.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WKH4uE

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Draft norms for ‘on-tap’ licensing of small finance banks by August end

RBI seeks to enhance supply of credit to small borrowers and encourage competition

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K2ikrT

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RBI governor says revised circular on resolution of stressed assets in 3-4 days

“It has taken a little more time than we had originally anticipated but it will be issued very shortly. And very shortly means in a matter of 3 or 4 days,” RBI governor Shaktikanta Das told reporters at a post-monetary policy conference.

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

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RBI waives NEFT, RTGS payment charges to promote digital transactions

The RBI has been levying charges ranging between Rs 2.5 and Rs 25 on banks for transactions routed through the NEFT system, depending on the value of the transaction.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In2chq

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Monetary policy: Growth concerns drive monetary easing, RBI stance

All six MPC members voted unanimously for the rate cut and along with a shift in stance to ‘accommodative’ from ‘neutral’.

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

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RBI may cut policy rate by 25 bps again in August

The MPC’s acknowledgement of the need to address the slowing growth strengthens the case for another cut

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ky7Boq

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Monetary policy meet: RBI says more liquidity, cuts repo rate by 25 bps

RBI governor Shaktikanta Das said the RBI was committed to maintaining financial stability and would take whatever steps were necessary.

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

Read more »

Oriental Bank of Commerce says no specific merger plan now

Media reports, including FE's, had earlier suggested that OBC had floated the idea of combining with Indian Bank and Corporation Bank. 

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

Read more »

Cheaper loans? Rates unlikely to fall post RBI’s repo cut

Improved liquidity situation may not translate into lower deposit rates as banks remain wary in an environment of slow deposit growth

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2EWU06n

Read more »

RBI monitoring developments in NBFC sector, says Shaktikanta Das

Markets have been hoping for a special liquidity window for some troubled NBFCs, HFCs which have asset-liability mismatches and have been unable to repay lenders

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

Read more »

Experts’ take: RBI delivers third rate cut, changes its stance

The RBI announced that it will “review comprehensively” the existing liquidity management framework by mid-July and suggest measures to simplify it; it also indicated that it will be more communicative on the objectives of management.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2WKH4uE

Read more »

Draft norms for ‘on-tap’ licensing of small finance banks by August end

RBI seeks to enhance supply of credit to small borrowers and encourage competition

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K2ikrT

Read more »

RBI governor says revised circular on resolution of stressed assets in 3-4 days

“It has taken a little more time than we had originally anticipated but it will be issued very shortly. And very shortly means in a matter of 3 or 4 days,” RBI governor Shaktikanta Das told reporters at a post-monetary policy conference.

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

Read more »

RBI waives NEFT, RTGS payment charges to promote digital transactions

The RBI has been levying charges ranging between Rs 2.5 and Rs 25 on banks for transactions routed through the NEFT system, depending on the value of the transaction.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2In2chq

Read more »

Monetary policy: Growth concerns drive monetary easing, RBI stance

All six MPC members voted unanimously for the rate cut and along with a shift in stance to ‘accommodative’ from ‘neutral’.

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

Read more »

RBI may cut policy rate by 25 bps again in August

The MPC’s acknowledgement of the need to address the slowing growth strengthens the case for another cut

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Ky7Boq

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A $190 billion bank loan clean-up is needed for Modi’s growth

Investors expect Modi to complete reforms started during his first term when India instituted a time-bound bankruptcy process

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

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Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

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Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

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RBI cuts repo rate for 3rd time in a row by 25 bps to 5.75%

With retail inflation contained within the 4 per cent target, the Reserve Bank of India on Thursday cut the policy repo rate by 25 basis points (bps)

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

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India’s cashless ambitions could be a model for the world

Can India replicate the success of UPI globally?

from Business Line - Money & Banking http://bit.ly/2Z4W0B6

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Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

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Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

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Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

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View: Cashless India could be a model for the world

With fair competition between local players and global tech, a 10-fold growth in digital transactions may not be a pipe dream.

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

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IL&FS case: RBI scans internal processes to identify any lapses

SFIO, in its probe, had pointed out to oversight by the RBI that may have played a role in causing the debt problem at the IL&FS.

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

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PoS 2.0, and Android’s the name of the game

Worldline takes on competition offering enhanced features on Android terminals.

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

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Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

Read more »

Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

Read more »

Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

Read more »

Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

Read more »

Indian Bank against merger with OBC, says has well-laid out plan for 3 years

Banking sources had told FE that OBC had sought the finance ministry's approval to combine with Indian Bank and Corporation Bank.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2K1xIVw

Read more »

Provisioning pressure: 14 PSBs post losses for 2 consecutive years

Responsible for consecutive net losses are the spike in provisioning and contingencies which grew by 3.39% year-on-year in FY19.

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

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Dighi Port chairman Vijay Kalantri under the scanner, Bank of Baroda declares him as ‘wilful defaulter’

Both Vijay Kalantri and his son Vishal Kalantri, owe close to Rs 3,334 crore to a consortium of 16 banks in the country .

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/31dZ67I

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Provisioning pressure: 14 PSBs post losses for 2 consecutive years

Responsible for consecutive net losses are the spike in provisioning and contingencies which grew by 3.39% year-on-year in FY19.

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

Read more »

Dighi Port chairman Vijay Kalantri under the scanner, Bank of Baroda declares him as ‘wilful defaulter’

Both Vijay Kalantri and his son Vishal Kalantri, owe close to Rs 3,334 crore to a consortium of 16 banks in the country .

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/31dZ67I

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RBI set to cut rate, but will banks pass it on to customers?

Amid high expectations that the Reserve Bank of India will ease the cost of funds for borrowers in its policy on Thursday, its governor Shaktikanta Das has the tough task of ensuring that banks pass on the earlier two rate cuts. Despite the cut in policy rates, banks have not been able to bring down their deposit rates as these have grown slower than loans.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2EQTln2

Read more »

Provisioning pressure: 14 PSBs post losses for 2 consecutive years

Responsible for consecutive net losses are the spike in provisioning and contingencies which grew by 3.39% year-on-year in FY19.

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

Read more »

Dighi Port chairman Vijay Kalantri under the scanner, Bank of Baroda declares him as ‘wilful defaulter’

Both Vijay Kalantri and his son Vishal Kalantri, owe close to Rs 3,334 crore to a consortium of 16 banks in the country .

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/31dZ67I

Read more »

Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO

The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.

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

Read more »

RBI monetary policy: Reserve Bank may again reduce repo rate by 25 bps

By Pankaj Pathak As Reserve Bank of India (RBI) is going to announce its monetary policy on June 6, the street has priced for at least 25 basis points reduction in the policy repo rate. Furthermore, there is also a call for change in liquidity stance by RBI to cool off the money market which […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z6eXUc

Read more »

Digital transactions: SBI lost share in almost all payments modes in FY19

In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of FY18.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JTJkK9

Read more »

Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO

The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.

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

Read more »

RBI monetary policy: Reserve Bank may again reduce repo rate by 25 bps

By Pankaj Pathak As Reserve Bank of India (RBI) is going to announce its monetary policy on June 6, the street has priced for at least 25 basis points reduction in the policy repo rate. Furthermore, there is also a call for change in liquidity stance by RBI to cool off the money market which […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z6eXUc

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Serious Fraud Investigation Office lens on IL&FS auditors

Numbers Riddle 35 audit firms of IL&FS, ITNL are under scrutiny, may be served notices.

from Banking/Finance-Industry-Economic Times http://bit.ly/2WG6Vnx

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Digital transactions: SBI lost share in almost all payments modes in FY19

In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of FY18.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JTJkK9

Read more »

Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO

The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.

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

Read more »

RBI monetary policy: Reserve Bank may again reduce repo rate by 25 bps

By Pankaj Pathak As Reserve Bank of India (RBI) is going to announce its monetary policy on June 6, the street has priced for at least 25 basis points reduction in the policy repo rate. Furthermore, there is also a call for change in liquidity stance by RBI to cool off the money market which […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z6eXUc

Read more »

IL&FS case: Lookout circulars issued against six IFIN ex-directors

SFIO seeks move against accused directors to keep them ‘from escaping the country’ while probe is on.

from Banking/Finance-Industry-Economic Times http://bit.ly/31631na

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Sitharaman's difficult choice: Rescuing NBFCs

NBFCs, a key constituent of the economy, are in trouble. The debate is - bail out all or only the deserving ones.

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

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Digital transactions: SBI lost share in almost all payments modes in FY19

In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of FY18.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JTJkK9

Read more »

Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO

The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.

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

Read more »

RBI monetary policy: Reserve Bank may again reduce repo rate by 25 bps

By Pankaj Pathak As Reserve Bank of India (RBI) is going to announce its monetary policy on June 6, the street has priced for at least 25 basis points reduction in the policy repo rate. Furthermore, there is also a call for change in liquidity stance by RBI to cool off the money market which […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z6eXUc

Read more »

Digital transactions: SBI lost share in almost all payments modes in FY19

In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of FY18.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JTJkK9

Read more »

Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO

The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.

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

Read more »

RBI monetary policy: Reserve Bank may again reduce repo rate by 25 bps

By Pankaj Pathak As Reserve Bank of India (RBI) is going to announce its monetary policy on June 6, the street has priced for at least 25 basis points reduction in the policy repo rate. Furthermore, there is also a call for change in liquidity stance by RBI to cool off the money market which […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z6eXUc

Read more »

Digital transactions: SBI lost share in almost all payments modes in FY19

In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of FY18.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JTJkK9

Read more »

Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO

The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.

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

Read more »

RBI monetary policy: Reserve Bank may again reduce repo rate by 25 bps

By Pankaj Pathak As Reserve Bank of India (RBI) is going to announce its monetary policy on June 6, the street has priced for at least 25 basis points reduction in the policy repo rate. Furthermore, there is also a call for change in liquidity stance by RBI to cool off the money market which […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z6eXUc

Read more »

Digital transactions: SBI lost share in almost all payments modes in FY19

In mobile banking volumes, SBI's FY19-end market share fell to 15.01% from 21.2% a year ago. The bank's market share in the Real Time Gross Settlement (RTGS) channel was flat at over 13%, as compared to 13.36% at the end of FY18.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2JTJkK9

Read more »

Suryoday Small Finance Bank will focus on building a much larger base of retail deposits: R Baskar Babu, MD & CEO

The growth has come in from retail assets, which is the new division outside microfinance, and from microfinance as well. The growth rate has been high, predominantly because the base was much smaller.

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

Read more »

RBI monetary policy: Reserve Bank may again reduce repo rate by 25 bps

By Pankaj Pathak As Reserve Bank of India (RBI) is going to announce its monetary policy on June 6, the street has priced for at least 25 basis points reduction in the policy repo rate. Furthermore, there is also a call for change in liquidity stance by RBI to cool off the money market which […]

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2Z6eXUc

Read more »

Bharat helps Syndicate Bank register a rise in deposits

Syndicate Bank’s efforts to increase growth in rural and semi-business branches has finally paid off with both deposits and advances growing substant

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

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Lengthier the RBI policy, greater is the market volatility

If statements are long and complex, then transmission to market is weak: Study

from Business Line - Money & Banking http://bit.ly/2WMaQ21

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Future Generali India Insurance net jumps 50% to Rs 118 cr in FY’19

Future Generali India Insurance (FGII) Tuesday posted a jump of nearly 50 per cent in its net profit to Rs 118 crore in the financial year ended Marc

from Business Line - Money & Banking http://bit.ly/317odcx

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HC imposes Rs 10 lakh cost on Policybazaar for concealing facts to obtain interim order

Acko claimed that Policybazaar was using its name as a keyword and therefore, its website was showing up as a sponsored link whenever someone was searching for 'Acko'.

from Banking/Finance-Industry-Economic Times http://bit.ly/2wC0frI

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Blatant disregard of RBI's CAR rules made IFIN island of corruption

In IL&FS Financial Services case, IFIN disclosed CRAR as per the company-devised policy and not as per the RBI directions on the matter.

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

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SBI targets 10-12% credit growth in FY20 on green shoots of credit revival, better recoveries

"Taking cues from the last year, the bank has set the goal to achieve a healthy credit growth of 10-12 per cent in 2019-20,"SBI chief said.

from Banking/Finance-Industry-Economic Times http://bit.ly/2WcPvu8

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IL&FS case: SFIO recommends action against auditors, action for recovery of losses

SFIO has also recommended a necessary action as per the Companies Act by the current management of IL&FS Financial Services (IFIN) for recovery of the losses.

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

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ICICI Bank launches centre for MSMEs in Bengaluru

ICICI Bank on Tuesday launched a center in Bengaluru to provide business solutions exclusively to start-ups and MSME sector , all under one roof.Sande

from Business Line - Money & Banking http://bit.ly/2Xxu20R

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Manipal Group to up stake in Cigna TTK to 51%

TTK to exit the health insurance business by selling its 31.48% stake to Manipal Group

from Business Line - Money & Banking http://bit.ly/31apak6

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Shunned in India, NBFCs pay more for foreign funds

India’s shadow banks are being forced to go overseas more for money as local lenders balk at extending funds, flagging strains in a key industry for

from Business Line - Money & Banking http://bit.ly/2KqhiW4

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From 13,000-word policy statements, RBI has become a lot clearer

Long and complicated communication on the economy make it difficult for investors to understand the regulators position.

from Business Line - Money & Banking http://bit.ly/2WLkL83

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Kotak digs in for the long haul, takes his fight with RBI to next level

The row has its origins a regulatory diktat that had decreed paring promoter's holding in the bank.

from Banking/Finance-Industry-Economic Times http://bit.ly/2wC9uIE

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India’s shadow banks forced to go overseas for money as lenders balk at extending funds

The development comes at a trying time for India’s shadow banks, which lend to everyone from poor entrepreneurs getting micro loans for food delivery businesses to property tycoons looking to roll over debt.

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

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IFC upbeat on green bond funding in India

Creates first global green bond fund along with HSBC Global Asset Management.

from Business Line - Money & Banking http://bit.ly/2XqItn9

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India’s shadow banks forced to go overseas for money as lenders balk at extending funds

The development comes at a trying time for India’s shadow banks, which lend to everyone from poor entrepreneurs getting micro loans for food delivery businesses to property tycoons looking to roll over debt.

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

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Monetary policy: BofA sees a 35 bp rate cut

Bank of America Merrill Lynch economist Indranil Sen Gupta is betting the Reserve Bank of India will lower its benchmark interest rate by an unconven

from Business Line - Money & Banking http://bit.ly/2Wj4YOm

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India’s shadow banks forced to go overseas for money as lenders balk at extending funds

The development comes at a trying time for India’s shadow banks, which lend to everyone from poor entrepreneurs getting micro loans for food delivery businesses to property tycoons looking to roll over debt.

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

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RBI bans SR Batliboi & Co for one year

The RBI said that Batliboi has been banned due to “lapses identified in a statutory audit assignment carried out by the firm,” without giving any details.

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

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RBI seen cutting rates, may turn “accommodative” after dismal GDP

A worrying slowdown in India's economy makes a cut in the Reserve Bank of India’s benchmark interest rate highly likely this week, but analysts say p

from Business Line - Money & Banking http://bit.ly/2XrM58C

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Refusing to back off, Uday Kotak says his bank meets ownership norms

Tells Bombay HC that RBI never spoke to promoters on reducing holding in past 16 years.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Wcdt93

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SFIO alleges IL&FS's subsidiary forged documents for loans

Lenders had told the SFIO that they had given loans to IL&FS Financial Services (IFIN) on the basis of its credit ratings and financial statements.

from Banking/Finance-Industry-Economic Times http://bit.ly/2wK8iDb

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Refusing to back off, Uday Kotak says his bank meets ownership norms

Tells Bombay HC that RBI never spoke to promoters on reducing holding in past 16 years.

from Banking/Finance-Industry-Economic Times http://bit.ly/2If3fjj

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RBI had asked IFIN to clean up its books by 2019

Raised objection over loans to group cos in 2017 review, sought corrective action.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Ko36g9

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RBI panel eyes 10x growth in digital payments in 3 years

A Reserve Bank of India-appointed committee, headed by Nandan Nilekani, has said that digital payments have grown 10-fold over five years and has set

from Business Line - Money & Banking http://bit.ly/2Wlx63j

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SBI General’s IPO plans ‘will get more clarity in couple of months’

No market for NBFC paper, insurers making provisions: MD &CEO

from Business Line - Money & Banking http://bit.ly/2JPTF9G

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With improving financials, banks may lend more

Analysts say fourth quarter results of banks indicate a significant decline in NPAs

from Business Line - Money & Banking http://bit.ly/2Z2bENH

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RBI approves Rakesh Makhija as Axis Bank non-executive Chairman

The Reserve Bank of India has approved the appointment of Rakesh Makhija as the Non-Executive (Part-Time) Chairman of Axis Bank, the lender said in a

from Business Line - Money & Banking http://bit.ly/2wA65di

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Microfinance industry posts 38 per cent growth in 2018-19

The total number of microfinance accounts was 9.33 crore at the end of March 2019, showing a growth of 21.9 per cent, said Microfinance Institutions Network .

from Banking/Finance-Industry-Economic Times http://bit.ly/2Kk8BfK

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RBI approves appointment of Rakesh Makhija as chairman of Axis Bank

Axis Bank Monday said the Reserve Bank of India (RBI) has approved appointment of Rakesh Makhija as chairman of the bank.

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

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RBI approves appointment of Rakesh Makhija as chairman of Axis Bank

The board of the bank in March had approved the appointment of Makhija as chairman subject to RBI clearance.

from Banking/Finance-Industry-Economic Times http://bit.ly/2XmTi9V

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RBI approves appointment of Rakesh Makhija as chairman of Axis Bank

Axis Bank on Monday said the Reserve Bank of India has approved appointment of Rakesh Makhija as chairman of the bank. The board of the bank in March

from Business Line - Money & Banking http://bit.ly/2WFt84R

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RBI MPC starts discussions on monetary policy review

The Monetary Policy Committee headed by RBI Governor Shaktikanta Das on Monday started deliberations on the second bi-monthly policy review of the cur

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

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Sensex jumps 553 points to record closing high of 40,268; Nifty at 12,089

Equity indices on Monday clocked fresh record highs as a sharp decline in economic growth in the March quarter firmed expectations for at least a quarter-point (25 bps) rate cut from the Reserve Bank of India (RBI) on June 6.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/30XdwZU

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Bank fraud touches unprecedented ₹ 71,500 cr in 2018-19: RBI

Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India has said. A total

from Business Line - Money & Banking http://bit.ly/2EM2rBu

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Bank fraud touches unprecedented Rs 71,500 crore in 2018-19: RBI

Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 cr have been reported in 2018-19, the RBI said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 cr. In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore.

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

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MN Sarma to be new Secretary General of General Insurance Council

He will take over the new responsibility in August

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

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Loans to finance companies grew fastest in FY19

The surge in bank lending to NBFCs explains the RBI’s tightening of prudential norms last month.

from Banking/Finance-Industry-Economic Times http://bit.ly/2MqSH67

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Bharti AXA Life new business premium rises 25 per cent in FY19

Bharti AXA Life Insurance increased its net advisor force by 10,750 to 39,400 agents in the financial year ended March 31, 2019

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

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NPA crisis: PSU banks staring at yet another spike in bad loans

Outcome of large insolvency cases crucial, fresh risks from exposures to agri, realty, NBFCs

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IeDX4U

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PSB banks bailout: Rs 2.5 lakh cr pumped in, yet Rs 4 lakh cr M-cap loss

Outcome of large insolvency cases crucial, fresh risks from exposures to agri, realty, NBFCs

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

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Allahabad Bank looks to recover Rs 2,000 crore bad loans per quarter

In the March quarter last fiscal, fresh slippages stood at `2,819.40 crore, out of which agriculture and MSME contributed 31.44% and 28.03%, respectively.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KkTSB9

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NPA crisis: PSU banks staring at yet another spike in bad loans

Outcome of large insolvency cases crucial, fresh risks from exposures to agri, realty, NBFCs

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2IeDX4U

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PSB banks bailout: Rs 2.5 lakh cr pumped in, yet Rs 4 lakh cr M-cap loss

Outcome of large insolvency cases crucial, fresh risks from exposures to agri, realty, NBFCs

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

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Allahabad Bank looks to recover Rs 2,000 crore bad loans per quarter

In the March quarter last fiscal, fresh slippages stood at `2,819.40 crore, out of which agriculture and MSME contributed 31.44% and 28.03%, respectively.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KkTSB9

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Lakshmi Vilas Bank looks to raise Rs 1,000 crore if merger deal goes awry

Talks with investors on as bank readies strategy if merger with Indiabulls fails or RBI delays approvals.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Z3r1W5

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SFIO says RBI could've acted faster on IL&FS

Agency's chargesheet suggests regulator should conduct internal inquiry & take 'appropriate action'.

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

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BoB proposes to raise Rs 11,900 crore through share sale in FY’20

The consolidated entity started the operation with a business mix of over Rs 15 lakh crore on the balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively.

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

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BoB proposes to raise Rs 11,900 crore through share sale in FY’20

The consolidated entity started the operation with a business mix of over Rs 15 lakh crore on the balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively.

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

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RBI seen cutting repo rate by 25 bps

With benign inflation, central bank will have to do this to push sagging growth, say experts

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

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IL&FS scam: SFIO zeroes in on coterie of top managers, auditors

Launching a massive crackdown on the perpetrators of the IL&FS scam, the Serious Fraud Investigation Office (SFIO) has charged the erstwhile top m

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

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Top management, auditors and independent directors: SFIO identifies 'coterie' that defrauded IL&FS

This is just a tip of the iceberg and total defaults have an estimated amount of over Rs 90,000 crore.

from Banking/Finance-Industry-Economic Times http://bit.ly/2I9zPmE

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RBI faces calls for rate cuts, liquidity boost

Despite the central bank pumping in cash via open market bond purchases and foreign exchange swaps, financial conditions have been tight in the past few months.

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

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RBI faces calls for rate cuts, liquidity boost

Despite the central bank pumping in cash via open market bond purchases and foreign exchange swaps, financial conditions have been tight in the past few months.

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

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