Crisil revises PNB Housing's debt outlook to ‘negative’

Credit rating agency Crisil has revised its rating outlook on the long-term debt instruments, fixed deposit programme and long term bank facilities of from Business Line - Money & Banking https://ift.tt/2SNCc...

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Yes Bank gets 18.6% stake in Cox & Kings

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ya88...

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ICICI Bank posts Q1 standalone net profit of Rs 1,908 crore

ICICI Bank on Saturday reported a standalone net profit of Rs 1,908 crore for the first quarter ended June 2019. The bank had posted a net loss of Rs 120 crore in the same quarter a year ago. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32UsS...

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ICICI Bank results: Q1 net profit up Rs 1,908 crore, Net NPA down by 51 per cent

The bank’s net interest income increased by 27 per cent to Rs 7,737 crore from Business Line - Money & Banking https://ift.tt/2Mk04...

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NBFCs with big realty loans must rebalance books: RBI

The central bank is looking at applying concentration risk norms — similar to banks — to the finance companies. from Banking/Finance-Industry-Economic Times https://ift.tt/2LKGt...

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Provisions more than halves: PNB back in black, logs Q1 profit of Rs 1,019 crore

Speaking to a television channel, Sunil Mehta, MD and CEO, said, “Our gross NPA numbers have been coming down sequentially. This particular quarter has seen the impact of a base effect as the denominator in June is smaller than that in March.” from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2K5Vy...

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Provisions more than halves: PNB back in black, logs Q1 profit of Rs 1,019 crore

Speaking to a television channel, Sunil Mehta, MD and CEO, said, “Our gross NPA numbers have been coming down sequentially. This particular quarter has seen the impact of a base effect as the denominator in June is smaller than that in March.” from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2K5Vy...

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Provisions more than halves: PNB back in black, logs Q1 profit of Rs 1,019 crore

Speaking to a television channel, Sunil Mehta, MD and CEO, said, “Our gross NPA numbers have been coming down sequentially. This particular quarter has seen the impact of a base effect as the denominator in June is smaller than that in March.” from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2K5Vy...

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‘Sovereign bonds: All options are being considered’

‘7% GDP growth target for 2019-20 will be achieved’ from Business Line - Money & Banking https://ift.tt/32X5i...

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How a bad loan sale revives company's fortune?

Edelweiss ARC is expecting at least 50% returns on the investment after taking over the bad loans of BMM Ispat. from Banking/Finance-Industry-Economic Times https://ift.tt/2Gwxx...

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AU Small Finance Bank posts Q1 profit of ₹190 crore; scrip rises 4%

Shares of AU Small Finance Bank closed with a gain of over 4 per cent on Friday after the lender reported a 148 per cent increase in net profit for th from Business Line - Money & Banking https://ift.tt/2Y55f...

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In 3 years, banks collect ₹10,000-cr fine for not maintaining minimum balance

Twenty-two scheduled commercial banks (SCB) collected nearly ₹10,000 crore in the last three years as penalty for not maintaining minimum balance in from Business Line - Money & Banking https://ift.tt/30Xdx...

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Vehicle total loss claims: Cancellation of registration a must, says IRDAI

Those who wish to stake total loss claim in vehicle insurance will now have to obtain a certificate of cancellation of registration. Total loss claims from Business Line - Money & Banking https://ift.tt/2LP7Q...

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PNB returns to black, posts standalone net profit of Rs 1,019 crore in Q1

State-owned Punjab National Bank (PNB) on Friday returned to black as it posted a standalone net profit of Rs 1,018.63 crore in first quarter of this fiscal. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SK1O...

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Corporation Bank pact with Bajaj Allianz

Corporation Bank has entered into a memorandum of understanding (MoU) with Bajaj Allianz General Insurance Co Ltd for providing insurance cover for a from Business Line - Money & Banking https://ift.tt/2JWsO...

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Currency policing should be done by IMF not US: RBI governor Shaktikanta Das

Reserve Bank of India governor Shaktikanta Das has questioned the US bi-annual report calling out emerging markets for currency manipulation stating that such labelling should not be a bilateral prerogative when multi-lateral institutions like the International Monetary Fund exist. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JVmm...

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PNB returns to black, posts standalone net profit of Rs 1,019 crore in Q1

State-owned Punjab National Bank (PNB) on Friday returned to black as it posted a standalone net profit of Rs 1,018.63 crore in first quarter of this fiscal. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SK1O...

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RBI Governor refutes currency manipulation charges

Calls for collectively ensuring multilateral principles and frameworks for orderly exchange rates from Business Line - Money & Banking https://ift.tt/2K3vQ...

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PNB returns to black, posts standalone net profit of Rs 1,019 crore in Q1

State-owned Punjab National Bank (PNB) on Friday returned to black as it posted a standalone net profit of Rs 1,018.63 crore in first quarter of this fiscal. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2SK1O...

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Sensex snaps 6-session falling streak, ends 52 pts up

Snapping its six-session falling streak, equity benchmark BSE sensex ended 51.81 points higher on Friday, led by select finance and private bank stocks. After a choppy session, the 30-share sensex ended 51.81 points or 0.14 per cent higher at 37,882.79. Swinging 289 points, it hit an intra-day low of 37,690.47 and a high of 37,978.07. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MfD8...

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SBI, SLCM ink pact for warehousing services

Inks pact for collateral management and warehousing services from Business Line - Money & Banking https://ift.tt/30XWw...

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Punjab National Bank : Net profit rises, but weak net interest income weighs on earnings

While fall in provisioning has aided profit, deferment of provisions in respect of frauds can impact earnings in the coming quarters from Business Line - Money & Banking https://ift.tt/2LHbI...

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PNB returns to black, posts standalone net profit of Rs 1,019 crore in Q1

State-owned Punjab National Bank (PNB) on Friday returned to black as it posted a standalone net profit of Rs 1,018.63 crore in first quarter of this fiscal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LOrG...

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Punjab National Bank returns to black, posts standalone net profit of Rs 1,019 crore in Q1

Net non-performing assets (NPAs) or bad loans were at 7.17 per cent as against 10.58 per cent year ago from Business Line - Money & Banking https://ift.tt/2LJix...

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Indiabulls Housing Fin recommends Gagan Banga as CEO for merged entity

Indiabulls Housing Finance on Thursday said the board has recommended Gagan Banga as CEO of the proposed entity to be formed after its merger with La from Business Line - Money & Banking https://ift.tt/2SE13...

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Amrapali-like fraud won't recur: Government

The Centre told the Supreme Court on Thursday that a mechanism had been put in place to check diversion of funds by builders. Additional solicitor general Madhavi Divan said it was now mandatory for real estate companies to deposit 70% of the money raised from homebuyers in a separate bank account which would be used only for construction and builders would not be able divert the money. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Y5Zh...

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BoB post merger: Back in profit but earnings could be under pressure in coming quarters

Digging into Bank of Baroda’s consolidated June quarter results after merger, suggests more pain. Here’s why from Business Line - Money & Banking https://ift.tt/2K4k8...

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PNB board approves raising equity capital by up to Rs 5,000 cr

The board of Punjab National Bank (PNB) has approved fresh equity capital raising of up to Rs 5,000 crore. The equity capital mop-up could happen thro from Business Line - Money & Banking https://ift.tt/2MeW7...

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User data: Banks outsource consent gathering function to account aggregators

Six entities get in-principle approval from RBI to work as account aggregators from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LE8a...

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User data: Banks outsource consent gathering function to account aggregators

Six entities get in-principle approval from RBI to work as account aggregators from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LE8a...

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User data: Banks outsource consent gathering function to account aggregators

Six entities get in-principle approval from RBI to work as account aggregators from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LE8a...

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South Indian Bank Q1 profit rises to ₹73 cr

Improved performance in treasury and credit areas has enabled Kerala-based South Indian Bank to improve its operating profit as well as net profit i from Business Line - Money & Banking https://ift.tt/2YktJ...

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Muthoot Fin temporarily halts gold-loan disbursal due to ‘computer glitch’

Gold loan major Muthoot Finance has halted gold loan processing and disbursal in several branches for about three days from Thursday.In a sudden dev from Business Line - Money & Banking https://ift.tt/2JSrT...

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NCLT stays order to implead IL&FS auditors

The Mumbai bench of the NCLT, on Thursday, put a stay on its own order which had allowed the government’s plea to prosecute IL&FS’ erstwhile audit from Business Line - Money & Banking https://ift.tt/2GvBl...

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Banks hire 83 oversight agencies to monitor end use of funds: SBI chief

Stressing that diversion of funds is a big concern for banks, State Bank of India Chairman Rajnish Kumar, on Thursday, said that 83 oversight agencies from Business Line - Money & Banking https://ift.tt/2ZaGR...

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Banks may want DHFL’s current promoter out, say sources

Banks are unlikely to be agreeable to continuation of the existing promoter of cash-strapped Dewan Housing Finance Corporation (DHFL) in his current from Business Line - Money & Banking https://ift.tt/2ZcLb...

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Bank of Baroda posts ₹710-cr net profit in Q1

Bank of Baroda (BoB) reported a standalone net profit of ₹710 crore in the first quarter ended June 30, 2019, post amalgamation of Dena Bank and Vijay from Business Line - Money & Banking https://ift.tt/2GrrH...

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Shah receives Rs 15.26 crore dividend cheque on MHA's shares in Repco Bank

The Repco Bank is a multi state cooperative society established in 1969 by the central government. from Banking/Finance-Industry-Economic Times https://ift.tt/2YirR...

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Gross NPAs of public sector banks have declined by over Rs 89,000 cr till March: Govt

The asset quality review (AQR) initiated in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. from Banking/Finance-Industry-Economic Times https://ift.tt/2MeYI...

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3 of the 7 IBC amendments credit positive for banks: Report

"The amendments will be applied with retrospective effect and will strengthen the case of secured creditors in the Essar Steel resolution," Moody's noted. from Banking/Finance-Industry-Economic Times https://ift.tt/2Ypnw...

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Liquidity steps for NBFCs too little, too short-term: Report

The report however said NBFCs will benefit more from the Rs 70,000 crore recapitalisation of state-owned banks, which will increase their capacity to lend more. from Banking/Finance-Industry-Economic Times https://ift.tt/2YriF...

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Bajaj Finance reports highest-ever quarterly net profit at Rs 1,195 cr in Q1

Bajaj Finance on Thursday reported its highest-ever quarterly consolidated net profit to Rs 1,195 crore during the first quarter ended June 30, up by from Business Line - Money & Banking https://ift.tt/2y9Kz...

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Nirav Modi remanded to custody in UK prison until August 22

Fugitive diamond merchant Nirav Modi was on Thursday further remanded to judicial custody until August 22 by Westminster Magistrates' court. Nirav is wanted in India in connection with the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case. He has been lodged at Wandsworth prison in south-west London since his arrest in March. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32Pkc...

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Budget boost for NBFC asset purchase to ease funding crunch: Fitch

However, the budgetary proposal does not address investors' long-term concerns about the sector's exposure to stressed real estate. from Banking/Finance-Industry-Economic Times https://ift.tt/2Y0cq...

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Bank account opening, loans to soon go paperless with Sahamati

Sahamati, an account aggregator, allows use to share financial data digitally with third parties in secure manner from Business Line - Money & Banking https://ift.tt/2K5Ki...

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'NBFC/HFC lending to real estate players down 48 per cent in FY'19 at Rs 27,000 cr'

NBFC and HFC funding was normal during April-September 2018, but due to the crisis, the lending slowed down substantially during the second half of 2018-19. from Banking/Finance-Industry-Economic Times https://ift.tt/2SAYq...

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FCY sovereign bond issuance will warrant greater macroeconomic prudence: Kotak Securities

Expanding the FCY sovereign liabilities could magnify the macro risks from Business Line - Money & Banking https://ift.tt/2GsRF...

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ICRA cuts rating of Yes Bank’s tier I bonds

Rating agency ICRA has downgraded quasi-equity bonds issued by Yes Bank following a drop in the lender’s capital adequacy position. It also factors in the increase in stress, as reflected by the rise in risky loans in its portfolio. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2y8GC...

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HDFC Bank stops finance for some Eicher sellers

HDFC Bank has discontinued inventory finance to some dealers of Eicher Motors — makers of the Royal Enfield motorcycle. In a communication to a dozen-odd dealers, the bank has asked them to settle dues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/30XeZ...

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Finance companies may face bank-like restrictions

RBI Gov Shaktikanta Das said that the days of ‘light touch’ regulation for NBFCs were over, indicating they will be subjected to the same rules as banks. from Banking/Finance-Industry-Economic Times https://ift.tt/2ybNY...

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Finance companies may face bank-like restrictions

After forcing banks to recognise stressed loans as non-performing assets (NPAs) last year, the Reserve Bank of India (RBI) is talking tough to large finance companies on asset quality. The RBI may place lending restrictions on some finance companies under a prompt corrective action (PCA). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/30Tm5...

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RBI to cut rates again in August as doves prevail: Reuters poll

The Reserve Bank of India is set to cut interest rates in August for the fourth meeting in a row, according to a Reuters poll of economists, a majorit from Business Line - Money & Banking https://ift.tt/2Y2rC...

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IDFC First Bank posts net loss of ₹614 cr in Q1

Provisioning during the first quarter of 2019-20 increased to ₹1,280 crore from Business Line - Money & Banking https://ift.tt/2Zbiy...

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I feel the doom is over, we can only move up: Aditya Puri, MD, HDFC Bank

From 6% we can only go upwards. What happens in the next quarter we don’t know, but we will move up systematically depending on the efficiency of the execution to 7.5%, says Aditya Puri. from Banking/Finance-Industry-Economic Times https://ift.tt/2Ohnn...

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Punjab and Sind Bank eyes eastern States for expansion

State-owned Punjab and Sind Bank is looking to scale up its presence in the eastern States of Bihar, West Bengal, and Jharkhand. Plans are afoot to op from Business Line - Money & Banking https://ift.tt/2y7lQ...

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ICICI Pru Life Insurancenet profit flat at ₹285 cr

Private sector insurer ICICI Prudential Life Insurance had a flat growth in net profit for the quarter ended June 30, 2019, with a robust rise in the from Business Line - Money & Banking https://ift.tt/2Yw4O...

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ICRA downgrades long-term rating of YES Bank, maintains negative outlook

Lender’s ability to raise capital, considering its recent performance and earnings guidance, remains to be seen, says the rating agency from Business Line - Money & Banking https://ift.tt/2JZbE...

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IL&FS says it has taken key stepsto address ₹20,000 crore of debt

Debt-laden IL&FS said that it has executed key steps towards addressing more than ₹20,000 crore of debt.This represents a significant interim outc from Business Line - Money & Banking https://ift.tt/2ZbOZ...

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‘Foreign banks cannot engage agents for realising defaulted loan through threat, coercion’

The Kerala High Court has held that foreign banks or financial institutions cannot engage recovery agents for realising the defaulted loan amount thro from Business Line - Money & Banking https://ift.tt/2MbJT...

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SBI Life profit rises 5% to ₹372 crore

SBI Life Insurance registered a 5 per cent increase in net profit to ₹372 crore in the first quarter of the fiscal, against ₹354 crore a year ago. I from Business Line - Money & Banking https://ift.tt/2Me1n...

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To extend gains, IndusInd Bankbets on Bharat Fin acquisition

IndusInd Bank, India’s best-performing lender in the past decade, is counting on its acquisition of a microfinance firm to help it improve profitabili from Business Line - Money & Banking https://ift.tt/2Yej1...

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Over 18 crore loans sanctioned till March 31 under PMMY: Govt

Collateral-free loans up to Rs 10 lakh are extended to small or micro business enterprises and individuals to enable them to set up or expand their business activities under the scheme. from Banking/Finance-Industry-Economic Times https://ift.tt/2y7L5...

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Canara Bank posts 17% Q1 profit on lower provisioning for bad loan

Gross non-performing assets nudged a shade lower to 8.77 per cent of gross advances from 8.83 per cent in the preceding quarter. from Business Line - Money & Banking https://ift.tt/2YdZ9...

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Drip Capital raises $25 million in Series B funding

Trade fintech firm Drip Capital has raised $25 million in Series B funding led by venture capital firm Accel Partners, with participation from existin from Business Line - Money & Banking https://ift.tt/2JM65...

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Syndicate Bank narrows Q1 loss to Rs 980 cr as NPAs fall

State-run Syndicate Bank on Wednesday reported narrowing down of its net loss to Rs 980.46 crore in the quarter ended June 2019 due to a fall in prov from Business Line - Money & Banking https://ift.tt/2SBx1...

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RBI assigns & appoints Kanungo in Acharya's responsibility

The vacuum in the team of Monetary Policy Committee (MPC), after the resignation of Viral Acharya from Deputy Governor post of the Reserve Bank of India (RBI), has been filled by another Deputy Governor B.P. Kanungo. from Banking/Finance-Industry-Economic Times https://ift.tt/2LE3k...

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Karur Vysya Bank Q1 net profit jumps by 59% to Rs 73 cr

Karur Vysya Bank on Wednesday reported a jump of 59 per cent in its net profit at Rs 72.92 crore in the first quarter of the current fiscal, on two- from Business Line - Money & Banking https://ift.tt/32OZ9...

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Corporation Bank launches ‘SB Challenger’ campaign

Corporation Bank has launched a month-long ‘SB Challenger’ campaign to expand its savings account base. The campaign ends on August 23.“The campaign from Business Line - Money & Banking https://ift.tt/2Mafx...

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SBI Life Insurance's value of new business jumps 49 per cent to Rs 370 crore in Q1

The net worth increased by 16 per cent to Rs 7,940 crore from Rs 6,820 crore in Q1 FY19. from Banking/Finance-Industry-Economic Times https://ift.tt/2Ohno...

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Domestic bond market rally snaps as hopes for chunky rate cut fade

The domestic rates market is dialling back on hopes of any significant monetary easing, bringing one of the world’s best bond rallies of the month to from Business Line - Money & Banking https://ift.tt/32Yfl...

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Who ate your interest rate cut from RBI?

The Reserve Bank of India (RBI) governor Shaktikanta Das told TOI recently that in the past six months the central bank has cut interest rates effectively by 100 basis points (1 percentage point). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JLts...

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Rana Kapoor family pledges 7% in Yes Bank

Rana Kapoor and Morgan Credits, promoters of Yes Bank, have disclosed to the stock exchanges that they have together pledged their entire stake in the bank. While Kapoor pledged his entire 4.31% holding, Morgan Credits pledged another 3.03%. Morgan Credits is a holding company owned by Kapoor’s daughters — Radha Kapoor Khanna, Raakhe Tandon and Roshni Kapoor. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2K4Dn...

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IOB pares Q1 loss by 63%

The bank said total recovery of Rs 2,238 crore was achieved in Q1FY20 against Rs 3,389 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JOUs...

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What Modi govt can do to save PSU banks

Non-financial reforms involving structure, governance, ownership, and culture are necessary for the lenders to become relevant in the digital age. from Banking/Finance-Industry-Economic Times https://ift.tt/2Y36k...

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IOB pares Q1 loss by 63%

The bank said total recovery of Rs 2,238 crore was achieved in Q1FY20 against Rs 3,389 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JOUs...

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IOB pares Q1 loss by 63%

The bank said total recovery of Rs 2,238 crore was achieved in Q1FY20 against Rs 3,389 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JOUs...

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IOB pares Q1 loss by 63%

The bank said total recovery of Rs 2,238 crore was achieved in Q1FY20 against Rs 3,389 crore a year ago. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JOUs...

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Bombay HC disposes third-party plea in Kotak Bank-RBI case

The Bombay High Court, on Tuesday, disposed of an application filed by a third-party on behalf of deposit holders, who wanted to become party to the w from Business Line - Money & Banking https://ift.tt/2M9aA...

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Mahindra Finance netslips 75% to ₹68 crore

Amid turbulence in the NBFC sector, Mahindra and Mahindra Financial Services reported a 75 per cent drop in standalone net profit to a mere ₹68 crore from Business Line - Money & Banking https://ift.tt/2JLcy...

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PNB Housing Fin to consider capital raising on July 30

PNB Housing Finance (PNBHFL) will consider further capital raising at its upcoming board meeting on July 30. “The board had earlier approved the busin from Business Line - Money & Banking https://ift.tt/2Y8Fr...

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Investments in Kisan Vikas Patra to now double in 9 years 5 months

The interest rate has been lowered to 7.6 per cent for the September quarter, compared with 7.7 per cent in the April-June period. from Business Line - Money & Banking https://ift.tt/2SuzJ...

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Bank of Baroda enters into MoU with Pine Labs

Bank of Baroda has entered into a Memorandum of Understanding (MoU) with Pine Labs to provide the affordability solution to debit card holders of the from Business Line - Money & Banking https://ift.tt/2Gmhu...

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Indian Overseas Bank narrows net loss to Rs 342 cr in June quarter

State-owned Indian Overseas Bank (IOB) on Tuesday reported narrowing of its net losses to Rs 342.08 crore in the first quarter ended June 30. Reducti from Business Line - Money & Banking https://ift.tt/30Mkq...

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IndusInd Bank plans to raise up to Rs 20,000 cr by issuing bonds on private placement basis

Private sector IndusInd Bank plans to raise up to Rs 20,000 crore by issuing bonds on a private placement basis from the domestic or foreign markets from Business Line - Money & Banking https://ift.tt/2SvG9...

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Jolt to housing projects; housing finance cos to stay away from subvention schemes

In a circular dated July 19, NHB asked the housing finance companies (HFCs) to stop funding such ‘subvention schemes’, including in cases where the loans have been sanctioned but disbursements are yet to commence. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LAVT...

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NHB's directive on interest subvention products to affect developers, HFCs : CARE Ratings

The credit rating agency said the scheme has been a market practice for years from Business Line - Money & Banking https://ift.tt/2XZ7M...

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Jolt to housing projects; housing finance cos to stay away from subvention schemes

In a circular dated July 19, NHB asked the housing finance companies (HFCs) to stop funding such ‘subvention schemes’, including in cases where the loans have been sanctioned but disbursements are yet to commence. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LAVT...

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Rise in government borrowing can squeeze corporate sector: Viral Acharya

An increase in government borrowing runs the risk of flooding the debt market, and puts upward pressure on interest rates, making it more expensive for companies to borrow, said outgoing Reserve Bank of India deputy governor Viral Acharya. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XWrH...

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Banks Board Bureau to conduct annual leadership development programme for senior bank managers

The programme will cater to senior management personnel of public sector banks from Business Line - Money & Banking https://ift.tt/2y2VZ...

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Viral Acharya ends his RBI journey with a sense of unfinished business

Viral Acharya will be ending his stint as deputy governor at the Reserve Bank of India with a sense of unfinished business, particularly involving th from Business Line - Money & Banking https://ift.tt/2y1It...

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FPIs can solve NBFC crisis in India: JP Morgan’s Kalpana Morparia

Recommends tweaking of bankruptcy rules from Business Line - Money & Banking https://ift.tt/2Lyxk...

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How the directive on long-term motor insurance is impacting ICICI Lombard

Exiting crop business and focussing on profitable segments should offset the pressure on profitability in the motor own damage business from Business Line - Money & Banking https://ift.tt/2Omha...

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Jolt to housing projects; housing finance cos to stay away from subvention schemes

In a circular dated July 19, NHB asked the housing finance companies (HFCs) to stop funding such ‘subvention schemes’, including in cases where the loans have been sanctioned but disbursements are yet to commence. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LAVT...

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Sensex drops over 100 points; bank stocks drag

Domestic equity benchmark BSE sensex fell below the 38,000 mark, shedding nearly 100 points in early trade, on Tuesday amid heavy foreign fund outflow and weak domestic cues. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LAFJ...

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Builders cannot pay EMIs on behalf of buyers: NHB

Real estate developers will no longer be able to incentivise buyers by paying the latter’s home loan EMIs (equated monthly instalments). The National Housing Bank (NHB) has asked mortgage companies to desist from offering loan products that involve servicing of the dues by builders, developers, etc, on behalf of the borrowers. The circular is expected to cut off one of the cheaper sources of funds for builders. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2...

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Insurance deal: FIR registered against former J&K Bank chairman Parvez Ahmed

The Anti-Corruption Bureau (ACB), Jammu, has registered a First Information Report (FIR) against former Jammu & Kashmir Bank chairman, Parvez Ahme from Business Line - Money & Banking https://ift.tt/2JL3x...

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DHFL’s auditors raise several red flags; stock like to tank further

Auditors have listed qualifications and disclaimers to the company’s March quarter results; says not been able to obtain sufficient evidence to provide a basis for an audit opinion from Business Line - Money & Banking https://ift.tt/2GpR0...

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Regulator raises alarm over poor health of National Insurance Company

Govt will need to infuse around Rs 3,000 crore in insurer to keep it afloat for the next two quarters. from Banking/Finance-Industry-Economic Times https://ift.tt/2Gpcb...

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Bengaluru-based Jana Small Finance Bank has second highest NPAs under Mudra scheme

NPAs: Total defaults under Mudra Yojana has touched Rs 17,651 crore since the launch of the scheme in 2015. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y4K1...

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Bengaluru-based Jana Small Finance Bank has second highest NPAs under Mudra scheme

NPAs: Total defaults under Mudra Yojana has touched Rs 17,651 crore since the launch of the scheme in 2015. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Y4K1...

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Bandhan Bank’s Head of Business

Bandhan Bank has appointed Sanjeev Naryani as Head of Business, with a view to strengthen its senior management. In this capacity, Naryani will report from Business Line - Money & Banking https://ift.tt/2LAYa...

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Garg panel favours banning of private cryptos

Offenders may get 10-year jail term or ₹50-cr fine from Business Line - Money & Banking https://ift.tt/2YdGB...

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Payments banks need government and regulatory support for growth

As a result, the entities are working merely as an aggregator and there is no possibility for them to be a "real competitor" for the universal banks, it said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JKwD...

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Five States, one Union Territory account for most Mudra frauds

TN, AP among top States with most fraud accounts: FM to Parliament from Business Line - Money & Banking https://ift.tt/2JJlh...

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Payments banks need government and regulatory support for growth

As a result, the entities are working merely as an aggregator and there is no possibility for them to be a "real competitor" for the universal banks, it said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JKwD...

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Payments banks need government and regulatory support for growth

As a result, the entities are working merely as an aggregator and there is no possibility for them to be a "real competitor" for the universal banks, it said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JKwD...

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Indian banks pursue Mallya for assets disclosure

Two superyachts, a game reserve, numerous undeclared high-value and vintage cars, valuable paintings and a piano previously owned by Elton John are among the assets in contention as part of a latest legal claim by Indian banks against embattled liquor tycoon Vijay Mallya in the UK High Court on Monday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xZYR...

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NCLT reserves order on MCA seeking 5-yr ban on IFIN auditors

After hearing arguments of the auditors and the MCA, the tribunal comprising of VP Singh and Ravikumar Duraisamy reserved the order. from Banking/Finance-Industry-Economic Times https://ift.tt/2Y7Wh...

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Indian banks pursue Vijay Mallya in UK High Court for assets disclosure

The consortium of PSU banks led by State Bank of India (SBI) have been pursuing the 63-year-old former Kingfisher Airlines boss in their attempt to recover some of the funds. from Banking/Finance-Industry-Economic Times https://ift.tt/2JIm9...

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RBI's accommodative stance will depend on economic data: Das

He further says, improving monsoon rain, lower oil prices are positive signs from Business Line - Money & Banking https://ift.tt/30Hul...

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Loss of cheque to be compensated by bank: NCDRC; directs BoB to pay Rs 3L to customer

The state commission on January 20, 2016 allowed Divanji's appeal directing the bank to pay him Rs 3,60,000 and had set aside the district forum's order. from Banking/Finance-Industry-Economic Times https://ift.tt/2JXUg...

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SBI's corporate website and digital banking platforms down

State Bank of India’s (SBI) corporate website and digital banking platform, including internet banking and YONO app, faced some issues since morning t from Business Line - Money & Banking https://ift.tt/2Y8g3...

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RBI closely monitoring NBFCs for signs of contagion, says Shaktikanta Das

RBI had warned that any failure among the largest NBFC or housing finance companies could cause losses comparable to a major bank collapse from Business Line - Money & Banking https://ift.tt/2YkDn...

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Bandhan Bank strengthens senior management

The bank said in a statement that Naryani would spearhead branch banking, wholesale banking, agri-business, retail lending, third party products and digital banking. from Banking/Finance-Industry-Economic Times https://ift.tt/2XX4p...

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Karnataka Bank focuses on forex business

Karnataka Bank has formed an exclusive credit marketing team with an aim to reach out to more and more exporters and importers, according to Mahabale from Business Line - Money & Banking https://ift.tt/2LZzk...

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Oriental Bank Q1 net profit at Rs 112.68 cr

Aided by lower provisioning on non-performing assets (NPAs), Oriental Bank of Commerce (OBC) on Monday reported a net profit of Rs 112.68 crore for th from Business Line - Money & Banking https://ift.tt/2SynI...

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'Tougher regulation, liquidity to ease NBFC crisis'

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2xYUm...

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RBI’s easing is more than India’s rate cut, suggests Shaktikanta Das

The RBI has been the most aggressive central bank in Asia this year to ease policy to support growth amid low inflation. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/30Tkp...

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RBI’s easing is more than India’s rate cut, suggests Shaktikanta Das

The RBI has been the most aggressive central bank in Asia this year to ease policy to support growth amid low inflation. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/30Tkp...

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Banks take government to court over GST charge of Rs 18,000 cr

The government has alleged that the banks have not paid GST worth Rs. 18,000 crore. Instead of responding to the notice, the banks moved the Delhi HC. from Banking/Finance-Industry-Economic Times https://ift.tt/2SrYC...

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DHFL lenders may offer six-month moratorium on loan repayments

During moratorium, DHFL would only pay the due interest on outstanding bonds, sources told ET. from Banking/Finance-Industry-Economic Times https://ift.tt/2Y7a5...

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Investcorp raises Rs 10,000 cr for India

Investcorp's latest India-dedicated fund focuses on consumer, finserv and healthcare. from Banking/Finance-Industry-Economic Times https://ift.tt/2SAES...

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Annual fee: Banks face Rs 18,000 cr levy

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ss5M...

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IL&FS probe: Audit flags 'favours, pressure and threats' among tactics used for good ratings

A report shows that IL&FS management provided gifts or changed the rating agencies to get favourable ratings. from Banking/Finance-Industry-Economic Times https://ift.tt/32Jcz...

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Time ripe for govt to push growth: Kotak MF chief

Must not worry too much about fiscal deficit or inflation, says Nilesh Shah from Business Line - Money & Banking https://ift.tt/2GkT7...

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Workmen of public sector banks may re-start wage talks

Officers’ unions likely to stay away from Business Line - Money & Banking https://ift.tt/2Yf3W...

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iQuippo conducts interest rate auction for financing infrastructure equipment

Over 20 OEMs, 1,100 equipment owners, banks/NBFCs take part in ‘Paison Ki Nilami’ event from Business Line - Money & Banking https://ift.tt/2SA1v...

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World Bank clarifies it continues to engage with development projects in Andhra

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Y82N...

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CCI clears Nippon Life stake hike in RNAM up to 75%

RCap eyes ₹6,000 cr by offloading stake in Reliance Nippon Life Asset Management from Business Line - Money & Banking https://ift.tt/2JWtu...

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Investors should have patience, says Nilesh Shah of Kotak AMC

Must wait for churning from tough moves by policy-makers/regulators to settle from Business Line - Money & Banking https://ift.tt/2y29M...

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Kotak MF exposure in DHFL at Rs 140 crore

The total exposure of the mutual fund industry in the company is estimated at Rs 5,000 crore from 10 asset management companies (AMCs). from Banking/Finance-Industry-Economic Times https://ift.tt/2YlYc...

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IFCI aims to mobilise up to Rs 2,000 crore from sale of non-core assets this fiscal

"We have strategic investment in NSE and Clearing Corporation of India (CCIL) which will give good money for business growth. We will also try to monetise our stake in some of our subsidiaries based on approval from government," IFCI Managing Director and CEO E S Rao told. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2O8pb...

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IFCI aims to mobilise up to Rs 2,000 cr from sale of non-core assets this fiscal

IFCI is also looking at recovery of bad loans under the Insolvency and Bankruptcy Code. from Banking/Finance-Industry-Economic Times https://ift.tt/32HoF...

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Private insurance firms got Rs 46 crore premium in 2 years, paid Rs 7 crore in claims to railway passengers: RTI

While the national transporter bore the insurance premium till August 31, 2018, the cost was transferred to passengers since and the premium was revised to Rs 0.49 per passenger in Oct 2018. from Banking/Finance-Industry-Economic Times https://ift.tt/2JFAA...

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Private insurance companies received Rs 46 crore premium in two years from railways, railways passengers : RTI

Rs 7 crore was paid in claims to railway passengers, says an RTI reply from Business Line - Money & Banking https://ift.tt/30JCG...

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IL&FS case: SEBI widens probe into role of rating agencies

The audit is aimed at identifying siphoning or misuse of funds, fraudulent transactions, their modus operandi, the quantum of the financial loss and fixing of responsibility from Business Line - Money & Banking https://ift.tt/30Kmi...

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