8:12 PM
Blogger
8:12 PM
Blogger
7:13 PM
Blogger
Tata Motors on Saturday said it has collaborated with HDFC Bank for financing of its passenger vehicles. Through the partnership, the company said it has introduced two new schemes -- 'Gradual Step Up Scheme' and 'TML Flexi Drive Scheme' with an eye on making its products more accessible and driving up sales in the festive season.
7:05 PM
Blogger
This programme is open to everyone in the entire country and it is free to avail the benefits of this initiative, it said, adding parents can register on www.genexchild.com.
6:13 PM
Blogger
HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit at Rs 7,703 crore for the second quarter ended September 30. The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago.
6:12 PM
Blogger
2:14 PM
Blogger
9:05 PM
Blogger
Kotak is offering customers attractive loan rates, loan processing fee waivers and quick online loan approvals on a range of retail and agri loan segments. Customers can avail special offers on other banking products including savings accounts, debit & credit cards and no-cost EMI payments.
8:12 PM
Blogger
7:13 PM
Blogger
ICICI Bank has been facing online banking related issues as several users complained that they were not receiving one-time passwords or OTPs for their UPI (Unified Payments Interface) transactions.
7:13 PM
Blogger
The country's foreign exchange reserves surged by $5.867 billion to touch a record high of $551.505 billion in the week to October 9, according to the Reserve Bank of India (RBI) data. In the previous week ended October 2, 2020, the reserves had increased by $3.618 billion to $545.638 billion.
7:12 PM
Blogger
7:12 PM
Blogger
6:12 PM
Blogger
5:05 PM
Blogger
In letters sent out to chief ministers, the Union finance minister has elaborated that the special window being provided to states and that Centre will undertake the borrowing and pass on to states via back to back loans. Further, principal and interest was being paid out of the compensation cess fund, such that states are not burdened.
4:12 PM
Blogger
4:12 PM
Blogger
3:14 PM
Blogger
3:12 PM
Blogger
2:12 PM
Blogger
2:12 PM
Blogger
2:12 PM
Blogger
2:12 PM
Blogger
12:12 PM
Blogger
11:12 AM
Blogger
8:14 AM
Blogger
8:06 AM
Blogger
The whistleblowers said that the management has inflated the company’s assets under management through fictitious loans and also diverted funds to other entities.
7:14 AM
Blogger
4:14 AM
Blogger
2:14 AM
Blogger
11:12 PM
Blogger
10:13 PM
Blogger
Indian banking sector needs to use emerging technologies such as artificial intelligence (AI) and machine learning for corporate loans for quality lending, chief economic adviser (CEA) Krishnamurthy Subramanian said on Thursday.
10:12 PM
Blogger
10:05 PM
Blogger
Speaking at a virtual summit organised by Intel and Indian School of Business, he said lending to MSMEs (Micro, Small and Medium Enterprises) in the country has remained stagnant for the last 15 years indicating that banks have not developed models to actively lend to the sector.
10:05 PM
Blogger
“The requests will be registered with a unique reference number and through SMS, customers will be informed to visit their respective Indian Bank Branches with required documents for completion of restructuring process,” the public sector lender said in a statement.
9:05 PM
Blogger
Indian Bank MD and CEO Padmaja Chunduru said it is a privilege for the bank to associate with the scheme which is the flagship scheme of the government in line with Atmanirbhar Bharat.
8:12 PM
Blogger
8:12 PM
Blogger
8:12 PM
Blogger
5:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
3:12 PM
Blogger
2:12 PM
Blogger
2:12 PM
Blogger
12:13 PM
Blogger
The world is experiencing one of the deepest recessions since the Great Depression in the 1930s owing to the novel coronavirus, World Bank president David Malpass has said, terming the Covid-19 pandemic a "catastrophic event" for many developing and the poorest countries.
11:13 AM
Blogger
The Reserve Bank of India (RBI) has permitted banks to restructure loans to real estate companies on the basis of the project rather than the developer. It has also indicated that banks can restructure loans drawn by a borrower during the current fiscal, provided the account was classified as ‘standard’ (not overdue for more than 30 days) as on March 1, 2020.
8:14 AM
Blogger
2:12 PM
Blogger
1:13 PM
Blogger
The Reserve Bank of India (RBI) has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in August.
8:05 AM
Blogger
At a time when most banks and nbon-bank lenders shy away from the real estate sector, the housing finance subsidiary of Life Insurance Corporation of India is going aggressive on developer financing. These range from fresh disbursals to refinance deals where the mortgage lender has taken over loans from other lenders.
11:05 PM
Blogger
"Policies of any tenure may be renewed for further terms …The renewal shall be subject to the underwriting policy of the insurer,” Irdai said Tuesday.
10:12 PM
Blogger
7:13 PM
Blogger
Deepak Kochhar was arrested bythe ED in September under the Prevention of Money Laundering Act (PMLA) in the ICICI Bank-Videocon money laundering case.
7:12 PM
Blogger
6:14 PM
Blogger
6:05 PM
Blogger
"This year we have curated over 1,000 offers, with national and local merchants, both in store and online, across 2,000 cities, to enable our cardholders great benefits across all the categories," said Ashwini Kumar Tewari, MD & CEO, SBI Card.
6:05 PM
Blogger
Kochhar was arrested on September 7 in Mumbai and remanded to police custody until September 19. The next day he was taken to Delhi for further investigation as the PMLA case is registered with the Delhi unit of the agency. On September 14, Kochhar tested Covid positive. The ED then moved the court which transmitted the accused to judicial custody.
5:14 PM
Blogger
11:13 AM
Blogger
In a move that seeks to ensure India’s compliance with Financial Action Task Force norms on money laundering, Reserve Bank of India cancelled licences of 19 big foreign exchange dealers who allegedly issued huge foreign currencies in cash to some high net-worth individuals.
9:13 PM
Blogger
The Reserve Bank of India (RBI) on Monday reallocated portfolios of deputy governors, with the department of regulation entrusted to the newly-appointed M Rajeshwar Rao. Rao was executive director of the Reserve Bank before being elevated to the post of deputy governor. He took the new charge last week.
7:13 PM
Blogger
The tenure of executive directors Debashish Mukherjee and Matam Venkata Rao has been extended for two years, or until further orders, whichever is earlier beyond their currently notified terms which expire on February 18, 2021 and October 8, 2020, respectively, Canara Bank said in regulatory filings.
6:05 PM
Blogger
The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara Bank said.
4:05 PM
Blogger
The group said there has been some delay in payments, primarily due to an embargo imposed for last eight years by the Supreme Court, while approximately Rs 22,000 crore of its funds, including interest amount, are deposited in the Sahara-Sebi account, which was created to refund bondholders of two group firms.
3:05 PM
Blogger
Millennials have increasingly become a bigger part of the Asian consumer class that has driven travel and spending across the world. In India, savings in physical and financial assets as a portion of gross domestic product has been dropping, while net financial savings as a share of the gross national disposable income has also come down.
8:05 AM
Blogger
Thousands of Indian students, executives and tourists who have deferred their foreign trips due to Covid-19 will likely have to buy compulsory travel insurance policies when countries open their borders for unrestricted travel, said sector experts. Insurance companies are anticipating a massive surge in demand for such products.
7:05 PM
Blogger
Between 2015-16 and 2019-20, digital payments have grown at a compounded annual growth rate of 55.1 per cent - from 593.61 crore in the year to March 2016 to 3,434.56 crore in the year to March 2020.
2:05 PM
Blogger
The committee set up by the Insurance Regulatory and Development Authority of India (Irdai) to suggest steps to promote micro-insurance said that like other nations India too will need to attract multiple players if it wants to substantially increase insurance penetration.
11:13 AM
Blogger
10:13 AM
Blogger
The Reserve Bank of India on Saturday filed an affidavit in the Supreme Court rejecting the demand of various sectors, including real estate, for extension of loan repayment moratorium that was granted from March 1 till August 31 citing pandemic-caused depressed economic activity.
RSS Feed
Twitter
