11:12 PM
Blogger
6:05 PM
Blogger
At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK.
5:05 PM
Blogger
Under the tie-up, IFL Home will originate and service customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing and in turn, ICICI Bank will provide funding to these customers.
12:05 PM
Blogger
Tax credits on the amount paid to revenue authorities when the process is on are getting stuck as the tax department undertakes a detailed scrutiny in merger cases which take long to conclude.
3:14 AM
Blogger
2:14 AM
Blogger
11:12 PM
Blogger
10:12 PM
Blogger
10:12 PM
Blogger
10:12 PM
Blogger
10:05 PM
Blogger
Last month, PMC had invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction. The last date for submission of EoIs by potential investors was kept as December 15.
7:14 PM
Blogger
7:12 PM
Blogger
7:05 PM
Blogger
In the previous fortnight ended November 20, credit grew by 5.82 per cent to Rs 104.34 lakh crore and deposits by 10.89 per cent to Rs to Rs 143.70 lakh crore.
6:12 PM
Blogger
6:12 PM
Blogger
3:12 PM
Blogger
3:12 PM
Blogger
3:12 PM
Blogger
3:12 PM
Blogger
10:12 AM
Blogger
9:14 AM
Blogger
5:14 AM
Blogger
5:14 AM
Blogger
5:14 AM
Blogger
10:12 PM
Blogger
9:12 PM
Blogger
9:12 PM
Blogger
7:12 PM
Blogger
6:12 PM
Blogger
6:12 PM
Blogger
6:05 PM
Blogger
Investments into Reliance Retail and Jio Platforms alone contributed USD 17.3 billion of the overall USD 41.4 billion of investments in 2020 till now, and the overall activity would have nearly halved if not for these deals.
5:14 PM
Blogger
5:12 PM
Blogger
5:12 PM
Blogger
5:05 PM
Blogger
“While the stress is much lower than what we had envisaged, these numbers will be higher than what we saw last year. It is getting better for us but since there was stock we will see stress in Q3 and Q4,” Sumit Bali, head of retail lending and payments at Axis Bank, said.
3:05 PM
Blogger
The partnership between the two consumer-centric brands SBI Card and American Express not only gives you countless global benefits but is as secure as it is convenient. You get enhanced security against counterfeiting and skimming with the chip and pin enabled in SBI Card Elite American Express Card.
1:12 PM
Blogger
10:05 AM
Blogger
Globsyn’s NOTIVA is one such middleware solution that offers a high-end solution for banks and financial institutions in the field of transaction monitoring and security.
9:14 AM
Blogger
11:12 PM
Blogger
10:05 PM
Blogger
Under the program which commenced earlier this year, banks, fintech and technology companies can collaborate and run real-time experimental pilots under the supervision of a central bank team who can then determine the efficacy of mass-market applications based on the results.
9:12 PM
Blogger
9:12 PM
Blogger
7:05 PM
Blogger
RuPay cardholders can make contactless offline payments at POS (point of sale) in areas with limited network and an additional feature of reloadable wallets in the form of RuPay contactless (offline) will facilitate seamless day-to-day retail transactions, the NPCI said.
6:14 PM
Blogger
6:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
4:05 PM
Blogger
A report issued by Macquarie Capital which recently met the Yes Bank management, states that the lender could see stress in its exposure to the real estate and hotel industry.
3:12 PM
Blogger
2:12 PM
Blogger
1:12 PM
Blogger
10:12 AM
Blogger
9:14 AM
Blogger
9:05 AM
Blogger
As per the current arrangement the flour mills were levying 5% GST on their services but the tax department is of the view that the mills should pay 18%.
8:14 AM
Blogger
3:14 AM
Blogger
3:14 AM
Blogger
11:05 PM
Blogger
"Controlling for asset quality, in the short-run, the credit channel of monetary transmission of public sector banks is stronger relative to that of private sector banks," it said.
11:05 PM
Blogger
Statutory inspection of the bank with reference to its financial position as on March 31, 2019, conducted by RBI, revealed that the bank had not complied with the directions, the central bank said in a statement.
10:14 PM
Blogger
10:12 PM
Blogger
10:12 PM
Blogger
10:12 PM
Blogger
10:12 PM
Blogger
9:12 PM
Blogger
9:12 PM
Blogger
8:12 PM
Blogger
7:12 PM
Blogger
7:05 PM
Blogger
Non-bank lender’s have also sought exemption of TDS on interest income. Presently, tax is deducted at source at the rate of 30 per cent by securitisation trust from income payable to an investor who is not an individual.
5:12 PM
Blogger
5:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
4:05 PM
Blogger
The BPCL SBI Card Octane brings 25X reward points on spends for BPCL fuel and MAK Lubricants, Bharat Gas (LPG) spends (website and app only) and BPCL's 'In & Out' convenience store spends, SBI Card said in a release.
12:12 PM
Blogger
12:12 PM
Blogger
11:12 PM
Blogger
11:12 PM
Blogger
11:05 PM
Blogger
11:05 PM
Blogger
Speculation was rife about Kotak’s reappointment after RBI released a discussion paper in June this year on governance at commercial banks. The paper had proposed capping the tenure of bank CEOs who are promoters or large shareholders at 10 years. Since then several brokerage houses had anticipated a leadership change at Kotak Mahindra Bank.
10:05 PM
Blogger
In a hearing before the Madras High Court on Monday senior counsel Mukul Rohatgi appearing for DBS Bank submitted that the matter of transfer of all cases will be mentioned before the Supreme Court during this week itself and it is likely to be taken up before the Supreme Court closes for Winter Holidays on December 18.
9:12 PM
Blogger
9:05 PM
Blogger
In August, RBI had said that banks that do not have cash credit or overdraft (CC/OD) facilities cannot open a current account for any borrower. Further, if a bank has an exposure of less than 10% of loans of the banking system to a borrower, all debits to their accounts can only be routed through a bank which has 10% or more of the loan exposure.
8:12 PM
Blogger
7:12 PM
Blogger
7:12 PM
Blogger
7:05 PM
Blogger
The proposal envisages complete repayment to all creditors within a period of 7-8 years, with upfront cash payment of Rs 9000 crores. This amount can be used to repay in full the outstanding of small investors, as per the plan.
7:05 PM
Blogger
The bank's board of directors on Monday cleared the appointment of Chakrabarti, Head- Risk Management, as the CRO of the bank for a period of three years, with effect from December 14. He replaces Jimmy Tata, as part of an internal reorganization, according to the regulatory filing.
6:12 PM
Blogger
6:12 PM
Blogger
5:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
4:05 PM
Blogger
The report noted an increase in Expected Credit Loss (ECL) allowance by 33% and an overall increase in provision coverage rate by 26% as at 31 March 2020 compared to the year ended 31 March 2019. The EY Study, , ‘Expected credit loss analysis for non-banking financial companies’ also shows that companies reported a COVID-19 impact comprising 19% of the ECL allowance as at 31 March 2020.
3:05 PM
Blogger
"The moderate drop in the premium income was owing to the impact of the ongoing COVID-19 pandemic, which resulted in flat growth in line with the non-life insurance industry," the company said in a release.
2:12 PM
Blogger
1:12 PM
Blogger
12:12 PM
Blogger
8:12 PM
Blogger
5:12 PM
Blogger
5:05 PM
Blogger
The RBI said India will become one of the few countries in the world to operate its RTGS system round-the-clock throughout the year.
5:05 PM
Blogger
"Overall credit card spends (of the industry) are back to pre-Covid levels. Some banks say 80-90 per cent, for some it is 90 per cent, my gut feeling is that most of this is back to normal. Some of the sectors are still slow, especially when it comes to tour and travel, where there is a recovery of about 25-30 per cent," Rajanish Prabhu, Head - Credit Cards and Merchant Acquisition,Yes Bank told in an interview.
3:12 PM
Blogger
3:14 AM
Blogger
RSS Feed
Twitter
