Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms

The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.

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SBI reports Rs 2,312 crore net as provisions drop

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20, as against a loss of Rs 4,876 crore a year ago, as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

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Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms

The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.

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SBI reports Rs 2,312 crore net as provisions drop

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20, as against a loss of Rs 4,876 crore a year ago, as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

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Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms

The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T51xWD

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SBI reports Rs 2,312 crore net as provisions drop

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20, as against a loss of Rs 4,876 crore a year ago, as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

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RBI updates fit & proper norms for PSB boards

MPs, MLAs, local body members cannot join boards, says RBI's updated circular.

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Consumption slump temporary: HDFC Chairman Parekh

Parekh says demand strong for affordable housing; Q1 standalone net rises 46% to Rs 3,203 crore

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Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms

The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T51xWD

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SBI reports Rs 2,312 crore net as provisions drop

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20, as against a loss of Rs 4,876 crore a year ago, as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GLnR2y

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Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms

The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T51xWD

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SBI reports Rs 2,312 crore net as provisions drop

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20, as against a loss of Rs 4,876 crore a year ago, as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

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SBI profit falls below expectations, Kumar invokes the gods

June quarter profit at Rs 2,312 cr; increase in fresh slippages spooks market; stock falls 2.8%.

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Affordable housing loans: National Housing Bank to infuse Rs 10,000 crore more into housing finance firms

The National Housing Bank (NHB) will infuse an additional Rs 10,000 crore into eligible housing finance companies (HFCs) in its financial year through June 2020 to shore up liquidity and improve flow of funds for affordable housing loans for individuals, the finance ministry said on Friday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2T51xWD

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SBI reports Rs 2,312 crore net as provisions drop

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20, as against a loss of Rs 4,876 crore a year ago, as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2GLnR2y

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SBI reports net profit of Rs 2,312 crore in June quarter

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20 against a loss of Rs 4,876 crore a year ago as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

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Gross slippages are likely to be below 2 pct by year-end: SBI chairman Rajnish Kumar

In terms of resolution of stressed non-banking financial companies (NBFCs), options before banks are quite limited, Rajnish Kumar, chairman, State Bank of India (SBI), told reporters on a conference call after the lender’s Q1 results.

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Union Bank of India’s June quarter profit jumps 73 pct to Rs 224 crore

The Union Bank of India’s net profit increased 73.25% to Rs 224.43 crore for the quarter ended June.

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RBI bars NBFCs from charging loan foreclosure penalty

The central bank said the relevant rules governing the same have been updated to reflect the change.

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SBI reports net profit of Rs 2,312 crore in June quarter

State Bank of India (SBI) on Friday reported a net profit of Rs 2,312 crore in the June quarter of FY20 against a loss of Rs 4,876 crore a year ago as provisions dropped 52% year-on-year (y-o-y) to Rs 9,183 crore.

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Gross slippages are likely to be below 2 pct by year-end: SBI chairman Rajnish Kumar

In terms of resolution of stressed non-banking financial companies (NBFCs), options before banks are quite limited, Rajnish Kumar, chairman, State Bank of India (SBI), told reporters on a conference call after the lender’s Q1 results.

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Union Bank of India’s June quarter profit jumps 73 pct to Rs 224 crore

The Union Bank of India’s net profit increased 73.25% to Rs 224.43 crore for the quarter ended June.

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RBI bars NBFCs from charging loan foreclosure penalty

The central bank said the relevant rules governing the same have been updated to reflect the change.

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Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

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India slips to 7th largest economy in 2018: World Bank

India has been pushed to the seventh place in the global GDP rankings in 2018 with the UK and France forging ahead to the fifth and sixth spots, data compiled by the World Bank showed. In 2017, India had emerged as the sixth largest economy, while France was pushed to the seventh place in the global GDP league table.

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

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Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

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SBI rolls out policy on wilful defaulters

Three default identification committees to be set up; quarterly review by branches will identify and declare wilful defaulters

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

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Gruh Finance to independently chart growth path after merger with Bandhan Bank

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

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Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

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Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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Fintech funding drops to $300m in H1 2019

Last year, the sector saw deals worth more than $1.8 billion against $2.4 billion in 2017.

from Banking/Finance-Industry-Economic Times https://ift.tt/2ZreBYH

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

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Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

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Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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Lens on Mack Star dealings: Evergreening allegation against HDIL and Yes Bank

“We have filed a complaint with RBI. We are not in a position to comment on the matter,” said Sumit Saha, authorised representative of Ocean Deity.

from Banking/Finance-Industry-Economic Times https://ift.tt/2SZTBpu

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

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Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

Read more »

Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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Bank exposure to NBFCs shoots up 38 pct in June

Increase comes amid higher drawdowns and conversion of commercial papers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkMcan

Read more »

Gruh Finance to ‘independently’ chart growth path after the merger: Bandhan Bank MD and CEO Chandra Shekhar Ghosh

The proposed acquisition of Gruh has already got approvals from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and capital market regulator Sebi.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YkgRo7

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FM Nirmala Sitharaman to meet CEOs of PSU banks on August 2

The meeting will review the progress of resolution of NPA cases under the Insolvency and Bankruptcy Code (IBC), the sources added. It is expected to take a stock of the banking sector, and discuss ways to improve their financial health.

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Now, get loans from India Post; Payments Bank to be converted to Small Finance Bank

The postal department has decided to develope infrastructure to extend the reach of the e-commerce industry to tier 2 and 3 town as well as to rural areas by investing in 190 parcel hubs, 80 Nodal Delivery Centers and a Pan India Road Transport Network.

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FM Nirmala Sitharaman to meet CEOs of PSU banks on August 2

The meeting will review the progress of resolution of NPA cases under the Insolvency and Bankruptcy Code (IBC), the sources added. It is expected to take a stock of the banking sector, and discuss ways to improve their financial health.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OynXkH

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Now, get loans from India Post; Payments Bank to be converted to Small Finance Bank

The postal department has decided to develope infrastructure to extend the reach of the e-commerce industry to tier 2 and 3 town as well as to rural areas by investing in 190 parcel hubs, 80 Nodal Delivery Centers and a Pan India Road Transport Network.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Zo9KaX

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FM Nirmala Sitharaman to meet CEOs of PSU banks on August 2

The meeting will review the progress of resolution of NPA cases under the Insolvency and Bankruptcy Code (IBC), the sources added. It is expected to take a stock of the banking sector, and discuss ways to improve their financial health.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2OynXkH

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Parliament passes Insolvency and Bankruptcy Code (amendment) Bill 2019

As many as eight amendments to seven sections in the IBC have now been amended.

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Max Life Insurance announces plans for expanding presence in Bengaluru

Max Life Insurance Company Limited has announced the expansion of its presence in Bengaluru.This expansion will support the life insurer’s larger mis

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Union Bank cuts MCLR up to 20 basis points

This is the bank’s second rate cut since June 2019

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What does the Fed rate cut mean for Indian bond yields?

The sharp fall in G-Sec yields in the past month have already priced in Fed’s action; a steep 50 bps cut by the RBI next week can trigger a further rally

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Banks go slow on lending to auto dealers

Banking industry experts estimate the total outstanding loans to automobile dealers to be in the range of Rs 70,000-80,000 crore.

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Liquidity crisis casts shadow: NBFC top execs move out to join banks, fintech

Professionals looking for stability switch to safer avenues, say recruitment firms.

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HDFC lowers lending rates by 10 basis points to new and existing loans

For home loans up to ₹ 30 lakh, it is 8.60 percent and for women borrowers, the new rate is 8.55 percent.

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Fed cuts interest rates, signals it may not need to do more

Powell “let us down” by not signaling more stimulus, says Trump

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Allahabad Bank returns to profit as provisions fall

Public sector lender Allahabad Bank on Wednesday reported a net profit of Rs 128 crore for the first quarter ended June 30, against a net loss of Rs 1,944.37 crore in the same period a year ago, on the back of over 50% decline in provisioning for bad loans.

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Non-food credit increases 12.05 pct to Rs 95.90 lakh crore

Deposits with the banking system grew 10.59% y-o-y, fastest in over three months, to Rs 126.49 lakh crore during the fortnight to July 19.

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Banks plan uniform lending policy in jewellery sector

Banks led by State Bank of India (SBI) are working on a common policy framework for lending to the gems and jewellery sector, a senior executive said here.

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Finance ministry-PSU banks meet to review NPAs

Banks filing a petition with Delhi High Court against the demand of Rs 38,000 crore as service tax is also likely to be discussed in the meeting.

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Allahabad Bank returns to profit as provisions fall

Public sector lender Allahabad Bank on Wednesday reported a net profit of Rs 128 crore for the first quarter ended June 30, against a net loss of Rs 1,944.37 crore in the same period a year ago, on the back of over 50% decline in provisioning for bad loans.

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Non-food credit increases 12.05 pct to Rs 95.90 lakh crore

Deposits with the banking system grew 10.59% y-o-y, fastest in over three months, to Rs 126.49 lakh crore during the fortnight to July 19.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ZlTjf6

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Banks plan uniform lending policy in jewellery sector

Banks led by State Bank of India (SBI) are working on a common policy framework for lending to the gems and jewellery sector, a senior executive said here.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/334LKfh

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Allahabad Bank returns to profit as provisions fall

Public sector lender Allahabad Bank on Wednesday reported a net profit of Rs 128 crore for the first quarter ended June 30, against a net loss of Rs 1,944.37 crore in the same period a year ago, on the back of over 50% decline in provisioning for bad loans.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Zy11Tm

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Non-food credit increases 12.05 pct to Rs 95.90 lakh crore

Deposits with the banking system grew 10.59% y-o-y, fastest in over three months, to Rs 126.49 lakh crore during the fortnight to July 19.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ZlTjf6

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Banks plan uniform lending policy in jewellery sector

Banks led by State Bank of India (SBI) are working on a common policy framework for lending to the gems and jewellery sector, a senior executive said here.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/334LKfh

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Govt hikes authorised capital of IOB by ₹5,000 cr

Our BureauThe authorised capital of Indian Overseas Bank has been increased by ₹5,000 crore from ₹10,000 crore to ₹15,000 croreThe Central governmen

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Stop sale of third-party products at PSBs: All-India Bank Officers’ Association

Bank officers at state-run banks are facing tremendous work pressure due to staff shortage and sale of third-party products such as mutual funds, whic

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Allahabad Bank logs Rs 128 cr profit in Q1

State-owned Allahabad Bank on Wednesday registered a net profit of Rs 128 crore for the June quarter of the ongoing financial year as provisioning fo

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Allahabad Bank okays raising Rs 2,000 cr equity capital via QIP

State-owned Allahabad Bank on Wednesday said it will raise equity capital of up to Rs 2,000 crore through qualified institutional placement (QIP).“Th

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Citigroup shouldn’t ditch Asian consumers; Corbat, board must say firm but polite no

Selling the Asian retail business, as some have advocated, would defy common sense. That may be one of the suggestions of a dissident group of large investors, analysts and some bank insiders.

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Coffee Day appoints SV Ranganath as interim chairman after VG Siddhartha's death

SV Ranganath has been appointed as interim chairman of Coffee Day Enterprises Ltd following the death of its founder VG Siddhartha. Siddhartha, who went missing two days ago, his body was found by local fishermen and patrolling policemen on the banks of the Nethravathi river near Mangaluru on Wednesday. Ranganath is currently a non-executive independent director.

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India 10-year bond yield drops as FPIs shift from equities to debt

Investors have moved to debt; net inflows amounted to $1.3 billion as of July 1-29

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Citigroup shouldn’t ditch Asian consumers; Corbat, board must say firm but polite no

Selling the Asian retail business, as some have advocated, would defy common sense. That may be one of the suggestions of a dissident group of large investors, analysts and some bank insiders.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YA5ZSC

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Citigroup shouldn’t ditch Asian consumers; Corbat, board must say firm but polite no

Selling the Asian retail business, as some have advocated, would defy common sense. That may be one of the suggestions of a dissident group of large investors, analysts and some bank insiders.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2YA5ZSC

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Moody’s cuts YES Bank’s credit rating cut

Yes Bank Ltd’s credit rating has been cut for the second time this year by the local unit of Moody’s Investors Service, stifling the lenders ability

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Bug lands Truecaller in soup, links users to payment service

Caller identification app Truecaller found itself in a spot on Tuesday as a software update triggered an automatic sign-up of users to its payment services Truecaller Pay. Shocked users took to Twitter to complain that they received a message from ICICI Bank stating: "Your registration for UPI app has started…," when they had made no such request.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Yco4qt

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RBI eases foreign borrowing norms for NBFCs

The RBI on Tuesday relaxed end-use restrictions on external commercial borrowings (ECBs) for companies and non-bank lenders. Borrowings up to seven years can be availed by non-banking finance companies for on-lending. Corporates can also raise seven-year funds for capital expenditure. Both these borrowings were not permitted earlier.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LQXU5T

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A major crisis may be brewing for Indian banks

Many banks believed lending to individuals is risk-free given they are better placed with credit scores. But the recent slowdown and vanishing jobs are upending the belief.

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Axis Bank reports a 95% jump in Q1 net profit

Axis Bank's net profit jumped 95% year-on-year (y-o-y) to Rs 1,370.08 crore for the April-June period against Rs 701.09 crore in the corresponding quarter last year.

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Indian Overseas Bank’s authorises capital raised by Rs 5,000 crore

The Centre has increased the authorised capital of Chennai-based public sector lender Indian Overseas Bank (IOB) by Rs 5,000 crore, enabling it to shore up its capital adequacy by issuing share capital.

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Bank of India profit soars 155% as total income rises

Public-sector lender Bank of India (BoI) on Tuesday posted a 155% year-on-year (y-o-y) rise in its net profit to Rs 243 crore in Q1FY20 on account of a rise in total income and a fall in provisions.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/334TRIP

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United Bank posts Rs 105 crore Q1 net profit

State-run United Bank of India on Tuesday reported a net profit of Rs 104.99 crore for the quarter ended June 30 against a net loss of Rs 388.68 crore in the same period a year ago.

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SBI eyes Rs 6,000 cr from sale of part stake in card unit

SBI Cards says it’s the second-largest credit card issuer with a customer base of over 8.7 million people in India.

from Banking/Finance-Industry-Economic Times https://ift.tt/314TE6i

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Blackstone acquires 6% in Future Lifestyle for Rs 545 crore

Promoter entity Ryka Commercial sells 11.6 million shares of Future Lifestyle Fashion in a secondary market transaction.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LRC42i

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Axis Bank reports a 95% jump in Q1 net profit

Axis Bank's net profit jumped 95% year-on-year (y-o-y) to Rs 1,370.08 crore for the April-June period against Rs 701.09 crore in the corresponding quarter last year.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Kk4ajE

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Indian Overseas Bank’s authorises capital raised by Rs 5,000 crore

The Centre has increased the authorised capital of Chennai-based public sector lender Indian Overseas Bank (IOB) by Rs 5,000 crore, enabling it to shore up its capital adequacy by issuing share capital.

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Bank of India profit soars 155% as total income rises

Public-sector lender Bank of India (BoI) on Tuesday posted a 155% year-on-year (y-o-y) rise in its net profit to Rs 243 crore in Q1FY20 on account of a rise in total income and a fall in provisions.

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United Bank posts Rs 105 crore Q1 net profit

State-run United Bank of India on Tuesday reported a net profit of Rs 104.99 crore for the quarter ended June 30 against a net loss of Rs 388.68 crore in the same period a year ago.

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Union Bank to cut MCLR by 5-20 bps from Aug 1

Union Bank of India on Tuesday said it will reduce its Marginal Cost of funds-based Lending Rate (MCLR) by 5-20 basis points (bps) across various teno

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Cholamandalam Investment Q1 net profit increases to ₹314 cr

Murugappa group-owned Cholamandalam Investment and Finance Company recorded a 10 per cent growth in net profit in the first quarter FY20 to ₹314 crore

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Why SBI slashing deposit rates, may not lead to huge cuts by private banks

Strong credit offtake and pressure on deposit growth could limit rate actions

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‘Karnataka Bank does not have exposure to Coffee Day Enterprises’

Mangaluru, July 30 Karnataka Bank Ltd has said that it does not have any exposure to Coffee Day Enterprises Ltd.In a statement to stock exchanges on T

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Women pay 18% more in banking fees than men: survey

Survey of over 500,000 in US finds women pay $214 per year in fees

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Q1 results: Bank of India’s net profit up 156% to Rs 243 cr

Bank of India reported a 156 per cent jump in first quarter standalone net profit, on the back of robust growth in other income and lower provisionin

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P Gopi Krishna takes over as Karnataka Vikas Grameena Bank Chairman

A native of Tenali in Andhra Pradesh, he carries with him an experience of 34 years in Syndicate Bank

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For shadow financing to survive, some NBFCs will have to die

The Centre and the RBI should avoid any attempt to succour the NBFC sector with liquidity

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SBI tightens lending norms for auto dealers

According to its internal memo, the bank is revising the lending terms due to growing stress in this sector since April 2019

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Cheaper loans: SBI hints at rate cut as it trims interest on deposits

State Bank of India (SBI) on Monday cut interest rates on bulk and retail term deposits, signalling it could soon make credit cheaper for borrowers.

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NBFCs bank on HNIs to raise more funds

High net worth individuals (HNIs) and ultra HNIs could have to come to the rescue of non-banking financial companies (NBFCs), which are facing a severe liquidity crunch.

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RBI board may take up offshore bond plan at August 16 meet

The government’s offshore sovereign bond plan is expected to feature in the central board meeting of the Reserve Bank of India (RBI) on August 16.

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Bank of Maharashtra profit of Rs 81 crore in Q1

Bank of Maharashtra (BoM) has reported a profit of Rs 81.09 crore during Q1FY20 compared with the loss of Rs 1,110 crore it had made in Q1FY20.

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SBI tightens lending terms for auto dealers: Report

The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year. The liquidity crunch in non-bank financing, higher insurance costs and rises in taxation have increased the pressure on the car sector with monthly sales falling by 17-20%. SBI has tightened lending terms dramatically for auto dealerships to reduce its exposure to risk.

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Cheaper loans: SBI hints at rate cut as it trims interest on deposits

State Bank of India (SBI) on Monday cut interest rates on bulk and retail term deposits, signalling it could soon make credit cheaper for borrowers.

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Cheaper loans: SBI hints at rate cut as it trims interest on deposits

State Bank of India (SBI) on Monday cut interest rates on bulk and retail term deposits, signalling it could soon make credit cheaper for borrowers.

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NBFCs bank on HNIs to raise more funds

High net worth individuals (HNIs) and ultra HNIs could have to come to the rescue of non-banking financial companies (NBFCs), which are facing a severe liquidity crunch.

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RBI board may take up offshore bond plan at August 16 meet

The government’s offshore sovereign bond plan is expected to feature in the central board meeting of the Reserve Bank of India (RBI) on August 16.

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Bank of Maharashtra profit of Rs 81 crore in Q1

Bank of Maharashtra (BoM) has reported a profit of Rs 81.09 crore during Q1FY20 compared with the loss of Rs 1,110 crore it had made in Q1FY20.

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View: India shouldn't bail out stressed shadow banks

The automobile sector -- which contributes half of India’s manufacturing output -- is shrinking as stressed shadow banks prioritize survival above lending growth.

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One or two NBFCs may sink, it's a free market: Romesh Sobti, CEO, IndusInd Bank

Private bank chief says no rescue act needed; liquidity crisis shows NBFCs’ key role in driving demand.

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Banks raising funds to grab NBFC share

3 PSBs and 2 private lenders plan to raise up to Rs 62,000 crore in growth capital.

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NBFC liquidity crunch is putting the squeeze on fintech

Banks are traditionally cheaper sources of capital, but their credit checks tend to be more rigorous. So, most newage lenders source funds from larger traditional NBFCs.

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Fusion Microfin ‘actively looking at acquiring companies’

NBFC expecting 45-50% growth this fiscal: CEO

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RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms

The Reserve Bank has imposed a total penalty of around Rs 26 lakh on two online payment solutions providers One Mobikwik Systems and Hip Bar. One Mob

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RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms

One Mobikwik Systems Private Limited has been slapped a fine of Rs 15 lakh while Hip Bar Pvt Ltd faced a fine of Rs 10.85 lakh, according to an RBI release.

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Bandhan Bank appoints Siddhartha Sanyal as chief economist

Private lender Bandhan Bank on Monday announced the appointment of Siddhartha Sanyal as chief economist and head of research who will spearhead the b

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PNB Housing Finance raises $100 million from IFC

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route.

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PNB Housing Finance raises $100 million from IFC

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route.

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ICICI Bank shares gain over 3 per cent

Shares of ICICI Bank jumped over 3 per cent on Monday after the company reported a standalone net profit of Rs 1,908 crore for the June quarter.The sc

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EMIs to fall further? FM's 'wish' may give hope to borrowers

Finance minister Nirmala Sitharaman has a "wish" which could bring cheers for those paying equated monthly installments or EMIs. Ahead of the August 7 monetary policy meeting of the Reserve Bank of India (RBI), Sitharaman has hinted towards another possible rate rut from the central bank.

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Parliament passes bill to curb ponzi schemes

Parliament on Monday unanimously passed the Banning of Unregulated Deposit Schemes Bill, 2019, which seeks to put in place a mechanism by which poor

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PNB Housing Finance raises $100 million from IFC

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route.

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Bank of Maharashtra posts profit of Rs 81 cr in Q1

State-owned Bank of Maharashtra on Monday reported a net profit of Rs 81.10 crore for the June quarter of financial year 2019-20 as bad assets fell s

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Rajya Sabha members support bill to regulate unregulated deposits

The Banning of Unregulated Deposit Scheme Bill, 2019 has already been passed in the Lok Sabha.

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Moody’s cautions new bad loan addition in retail, SME segments

In its latest report on Indian banks, it cautions weaker economic growth in the next 12-18 months.

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Moody’s cautions new bad loan additions in retail, SME segments

In its latest report on Indian banks, it cautions weaker economic growth in the next 12-18 months.

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SBI cuts interest rates on deposits across various tenors

The State Bank of India (SBI) has slashed deposit rates on various tenors citing surplus liquidity and falling interest rate scenario. Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days, SBI said in a statement on Monday.

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SBI cuts deposit rates on various tenors

The new rates will be effective from August 1, 2019

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PNB Housing raises Rs 690 crore from IFC to push affordable housing

PNB Housing Finance Limited has raised $100 million from the International Finance Corporation to finance affordable housing projects and support the government's Housing for All by 2022 vision.

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PNB Housing Finance raises $ 100 million from IFC

PNB Housing Finance Ltd (PNB HFL) has raised $100 million from the International Finance Corporation (IFC), for on-lending to buyers in affordable ho

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SMBC hires Rakesh Garg as chief business officer

Garg graduated from Indian Institute of Technology, Delhi and has an MBA from Indian Institute of Management, Ahmedabad.

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Rupee slips 6 paise to 68.95 verus USD in early trade

Traders said cautious opening in domestic equities and foreign fund inflows weighed on the local unit

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Is the worst over for ICICI Bank post its strong Q1 performance?

Healthy growth in core income and lower slippages are positives, but a still large stressed book, lower NPA recoveries and possible pressure on margins, need a watch

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Indiabulls HFL rejects Swamy's charge of embezzling Rs 1 lakh cr from NHB

Indiabulls Housing Finance Ltd (IBHFL), on Sunday, rejected allegations in Rajya Sabha Member Subramanian Swamy's letter circulating in social media,

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Waterfield to launch development impact bond

The issue will raise around $15 million and is expected to gradually increase the size.

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IL&FS Securities issue could precipitate today as brokers seek return of collateral

There could be more pain for IL&FS Securities Services Ltd (ISSL) and its trading members on Monday. Some of the members, who are seeking a return

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Financial reporting authority to get statutory backing for focussed action on erring auditors

Amendment widens the regulatory ambit to cover internal audit, valuations: Experts

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Payment banks ask RBI to relax deposit cap

Payments bank model is challenging but not impossible: Fino Payments Bank CEO

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RBI report on facilitating development of secondary market for corporate loans expected next month

The secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks, but there is no formalised mechanism to deepen the market.

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Jack Ma’s $290 billion loan machine is changing Chinese banking

One uniquely Chinese source of information for banks is the government-administered social credit system, which is being tested in cities across the country as a way to reward good deeds and punish misbehavior.

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RBI report on facilitating development of secondary market for corporate loans expected next month

The secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks, but there is no formalised mechanism to deepen the market.

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Jack Ma’s $290 billion loan machine is changing Chinese banking

One uniquely Chinese source of information for banks is the government-administered social credit system, which is being tested in cities across the country as a way to reward good deeds and punish misbehavior.

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ICICI Bank posts Rs 1908 crore profit in Q1

NII is the difference between interest earned and interest expended.

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RBI report on development of secondary market likely to be released next month

The Reserve Bank is expected to come out with a report next month on facilitating development of secondary market for corporate loans.The central ba

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ICICI Bank posts Rs 1908 crore profit in Q1

NII is the difference between interest earned and interest expended.

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ICICI Bank posts Rs 1908 crore profit in Q1

NII is the difference between interest earned and interest expended.

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ICICI Bank posts Rs 1908 crore profit in Q1

NII is the difference between interest earned and interest expended.

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ICICI Bank posts Rs 1908 crore profit in Q1

NII is the difference between interest earned and interest expended.

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