5:52 PM
Blogger
Indiabulls Real Estate said the "company's wholly owned subsidiary has divested its entire stake in Century Ltd, which indirectly owns Hanover Square property, London to Clivedale Overseas". In June, Indiabulls Real Estate promoters had sold 14% stake in the company through open market transactions to Embassy Group for Rs 950 crore.
4:16 PM
Blogger
4:01 PM
Blogger
2:03 PM
Blogger
1:06 PM
Blogger
The global investor which has submitted a binding bid to invest $1.2 billion in Yes Bank is a North American family office that is interested in picking up more than a third of the bank’s shareholding.
12:16 PM
Blogger
The Reserve Bank of India has refused to relent on its guidelines requiring chief executives of private banks to mandatorily retire at the age of 70, setting the stage for Aditya Puri to step down as HDFC Bank managing director and CEO next October, while Romesh Sobti will retire as IndusInd Bank chief at the end of the financial year.
11:32 AM
Blogger
Yes MD Ravneet Gill said the bank received investment proposals worth $3.05 bn from 3 sets of investors. Besides the North American family office, there was a proposal to invest $1.5 bn by a consortium of 6 private equity and two domestic MFs.
10:42 AM
Blogger
As per the disclosures made by the lenders through exchange filings, state-owned Indian Bank has reported a divergence of Rs 820 crore in its net non-performing assets (NPAs) for 2018-19, while that for Union Bank stood at Rs 998.70 crore.
9:46 AM
Blogger
8:46 AM
Blogger
8:12 AM
Blogger
The Sandeep Aggarwal-led auto services company has paid an estimated $3-$3.5 million to acquire the Delhi-based NBFC, which is expected to drive loan disbursals for purchasing pre-owned vehicles, and provide dealer financing under the Droom Credit business unit.
6:35 AM
Blogger
9:47 PM
Blogger
8:07 PM
Blogger
8:05 PM
Blogger
Indian digital payments took off when the govt pushed demonetization in 2016, invalidating most of the country’s high-value currency notes in to curb corruption and push Indians away from cash. UPI has now surpassed a 100 million users 3.5 years after its launch, thanks to booming smartphone use and wireless data rates among the lowest in the world.
7:42 PM
Blogger
7:03 PM
Blogger
6:05 PM
Blogger
Private sector lender Yes Bank on Friday reported a net loss of Rs 600 crore for the second quarter ended September 30. The lender had posted a net profit of Rs 113.76 crore in Q1.
2:40 PM
Blogger
Instead, the unions said, ensuring "proper governance in the system" and "removing political interference" will address the problem of NPAs that has been weakening the financial health of the PSBs.
2:32 PM
Blogger
2:12 PM
Blogger
1:32 PM
Blogger
1:18 PM
Blogger
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Finance Ministry, Delhi government, RBI and the PMC bank directing them to indicate their stand on the plea which has sought 100 per cent insurance cover for customers' money deposited in the bank. The RBI had earlier unearthed a Rs 4355-crore scam by PMC Bank .
12:52 PM
Blogger
12:40 PM
Blogger
IIRF defaulted in repayment of Rs 108 crore. BSE-listed developer is one of the largest domestic realty-focused funds with investments in firms like Wadhwa Group, Noida Trade Towers and Aparna Infra Housing. IIRF is a part of the IL&FS Investment Managers (IIML), which has raised and managed over $3.5 billion.
12:22 PM
Blogger
11:35 AM
Blogger
Markets regulator Sebi on Thursday tightened the rules for banks to disclose any under-reporting of a bad loan that is flagged during an RBI inspection. Sebi said any net NPA divergence of 10% or more of the bank’s profit and any gross NPA divergence of 15% or more has to be disclosed within 24 hours of receipt of such a letter from the regulator.
10:17 AM
Blogger
10:17 AM
Blogger
10:17 AM
Blogger
9:37 AM
Blogger
9:37 AM
Blogger
9:37 AM
Blogger
8:47 AM
Blogger
Sales increased towards the end as shoppers saved for the best deals. Sales also jumped in tier-II locations compared to the Diwali season last year, according to data shared by Innoviti Payments. The company saw a 64% jump in the number of transactions reported from such locations during Diwali, compared to last year.
9:17 PM
Blogger
8:57 PM
Blogger
8:57 PM
Blogger
8:57 PM
Blogger
8:57 PM
Blogger
8:57 PM
Blogger
8:50 PM
Blogger
Former Reserve Bank of India (RBI) governor Raghuram Rajan, who faced a stinging attack from finance minister Nirmala Sitharaman for presiding over the "worst phase" of the Indian banking sector, on Thursday reminded her that two-third of his tenure as the head of the central bank was under the BJP government.
8:37 PM
Blogger
8:37 PM
Blogger
8:37 PM
Blogger
8:12 PM
Blogger
8:12 PM
Blogger
8:12 PM
Blogger
7:35 PM
Blogger
It might be tempting to try to time the market, but the illustration above shows it's just not worth it to play that game. Studies have shown that a regular ...
5:10 PM
Blogger
The RBI is set to unveil a separate vertical for supervision & regulation on Friday as part of a revamp to focus on improving oversight for banks, non-banking finance companies & cooperative banks in the light of several frauds going undetected. The new vertical will, however, not focus on housing finance and rural cooperative banks, which are in the domain of National Housing Bank and Nabard, respectively.
2:20 PM
Blogger
Yes Bank said it has received a binding offer for a $1.2-billion funding from an overseas investor through fresh issuance of equity shares. Last month, the bank had informed stock exchanges that it had received strong interest from multiple investors for the capital raise and remains firmly on course to raising growth capital subject to necessary approvals.
2:17 PM
Blogger
12:42 PM
Blogger
11:55 AM
Blogger
Details of about 13 lakh debit & credit cards have been put up for sale on a darknet marketplace called Joker’s Stash, a Singapore-based firm Group-IB revealed. It is believed that the data dump could have been obtained by skimming details from the magnetic stripe on the cards. More than 18% of compromised cards were issued by a single Indian bank.
11:32 AM
Blogger
11:25 AM
Blogger
It is believed that the data dump could have been obtained by skimming details from the magnetic stripe on the cards. Researchers at Group-IB found card details being sold at $100 each, total value of the card database is at over $130 million.
8:52 AM
Blogger
8:25 AM
Blogger
The city police will soon seek court approval to hand over the assets to the RBI. The planned auction will be carried out under provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002.
8:47 PM
Blogger
8:47 PM
Blogger
7:47 PM
Blogger
7:38 PM
Blogger
7:27 PM
Blogger
7:27 PM
Blogger
6:10 PM
Blogger
Nowadays, the cost of raising children is rising rapidly. Childcare costs always turn out to be higher than our expectations, as expenses such as housing, tr...
4:47 PM
Blogger
3:32 PM
Blogger
2:47 PM
Blogger
2:42 PM
Blogger
1:37 PM
Blogger
1:22 PM
Blogger
1:05 PM
Blogger
The RBI has again imposed a Rs 1-crore penalty on Bandhan Bank for non-dilution of promoter holding in line with the central bank’s prescriptions. The RBI on Tuesday also imposed a Rs 1-crore penalty on Pune’s Janata Sahakari Bank, and Jalgaon Peoples Co-Operative Bank for not following RBI norms on recognising bad loans.
12:52 PM
Blogger
State-owned lenders to DHFL are understood to have informed the government that they cannot ascertain recoverability or end-use of wholesale loans extended by the troubled housing finance company. Given the lack of visibility on recoveries, they have indicated their inability to move ahead with any resolution plan.
12:50 PM
Blogger
It is extremely difficult for an average investor to understand the valuations of large -, mid- and small-cap stocks and predict which market segment will ou...
12:50 PM
Blogger
The Ministry of Electronics and Information Technology (MeitY) has also redistributed individual targets for banks and payments firms for the same period.
11:42 AM
Blogger
10:02 AM
Blogger
10:02 AM
Blogger
9:55 AM
Blogger
Though jewellery spending was flat, banks like Axis Bank saw an increase in the total value of purchases in electronics and travel during the festive season. Axis saw a 100 per cent increase in electronics purchases.
8:25 AM
Blogger
With Regional Comprehensive Economic Partnership & trade deals, banks realise the future lies in the region and are preparing to grab opportunities. India is looking to reduce its dependence on traditional trading partners to diversify markets.
7:00 AM
Blogger
10:55 PM
Blogger
10:55 PM
Blogger
10:55 PM
Blogger
10:55 PM
Blogger
10:05 PM
Blogger
10:05 PM
Blogger
10:05 PM
Blogger
10:05 PM
Blogger
9:58 PM
Blogger
9:58 PM
Blogger
9:48 PM
Blogger
8:53 PM
Blogger
7:58 PM
Blogger
7:58 PM
Blogger
6:43 PM
Blogger
4:10 PM
Blogger
Around 200 customers gathered outside the RBI's office in the Bandra-Kurla Complex on Tuesday and said they want their accounts with the PMC Bank be made operational.
2:33 PM
Blogger
2:03 PM
Blogger
1:50 PM
Blogger
The central government may order an SFIO probe on financial irregularities at DHFL. The RoC has said after submitting its report on DHFL to MCA that There is good enough reason to refer the matter of DHFL to SFIO.
12:33 PM
Blogger
12:33 PM
Blogger
10:48 AM
Blogger
10:17 AM
Blogger
12:10 AM
Blogger
The coverage limit is required to be reviewed periodically, as the economic and financial landscape changes.
10:25 PM
Blogger
Due to "serious irregularities" in functioning of the cooperative lender, its board was dismissed earlier this month by the RBI, which subsequently appointed an administrator to run the bank, promoted by NCP MLC Anil Shivajirao Bhosale.
9:03 PM
Blogger
7:10 PM
Blogger
7:10 PM
Blogger
7:10 PM
Blogger
6:10 PM
Blogger
Insurance sector regulator Irdai has imposed a fine of Rs 4 lakh on SBI Life Insurance Company Ltd for violating norms on advertisement and protection of policyholders' interest.
5:05 PM
Blogger
Islamic finance, including its interest-free and equity-based banking system, can complement the existing Indian banking and finance system, said Hazik, who has spent the last decade researching financial systems.
4:43 PM
Blogger
4:34 PM
Blogger
4:18 PM
Blogger
The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnad Mercantile Bank for violating norms on frauds classification and notification. The central bank imposed the fine via an order dated October 24, 2019.
3:55 PM
Blogger
The bank has been penalised for non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting.
1:43 PM
Blogger
12:35 PM
Blogger
The recruitment process for Laxmi Vilas Bank's top executives is currently underway as the entity stays headless and grappled by mounting losses. Senior executives from leading private sector banks have applied for the posts.
11:43 AM
Blogger
10:50 AM
Blogger
The UPI platform, which was launched before demonetisation in 2016, enables users to send money from their account to any account without entering bank details by using an email-like handle or scanning a QR code.
10:43 AM
Blogger
1:20 AM
Blogger
1:03 AM
Blogger
3:38 PM
Blogger
2:33 PM
Blogger
The Reserve Bank of India (RBI) on Sunday clarified that it had not sold any of its gold reserves or done any trading in the yellow metal. The Central bank's announcement, in a series of tweets, came in the wake of media reports which stated that the RBI has been selling its gold reserves.
8:28 AM
Blogger
India has taken a good step with the recent cut in the corporate tax rate that will help add to growth, World Bank president said on Saturday as he called for more reforms to ensure India becomes more competitive in the global market place.
7:40 AM
Blogger
7:07 AM
Blogger
12:18 AM
Blogger
Attributing slowdown in the Indian economy to the global environment, World Bank president David Malpass on Saturday suggested that further reforms and innovation will help spur growth in the country. Although India has made progress in the financial sector, there is scope for further improvement in the banking sector, shadow banking and the capital market, he added.
RSS Feed
Twitter
