This is the peak in terms of NPAs and slippages: YES Bank chief

Bank to focus on recoveries, opening CASA accounts, says Prashant Kumar from Business Line - Money & Banking https://ift.tt/2LWE5...

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DCB Bank Q3 profit flat at ₹96.21 crore

DCB Bank reported a net profit of ₹96.21 crore for the third quarter of the fiscal, which was almost the same as ₹96.7 crore in the same period last f from Business Line - Money & Banking https://ift.tt/36nrE...

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What is Equity Index Fund and how to choose the right one

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

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Asset quality improves: Yes Bank reports Rs 151-crore profit on strong interest income

The provision coverage ratio stood at 76.8% as on December 31, 2020. The net interest margin improved to 3.4%, showing a Y-o-Y growth of 200 bps and Q-o-Q rise of 30 bps. from Banking & Finance – The Financial Express https://ift.tt/2KCXL...

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RBI proposes 4-layered framework for regulation of shadow banks

Going further, the next layer — the upper layer — will consist of NBFCs which are identified as systemically significant among NBFCs. from Banking & Finance – The Financial Express https://ift.tt/2LVtK...

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Indian Bank posts net profit at Rs 514 crore in Q3

Chunduru said bank will have to only restructure 1.6% to 2% of the loan book post-lifting of the moratorium and the collection efficiency during December stood at above 90%. from Banking & Finance – The Financial Express https://ift.tt/364tv...

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RBI proposes regulatory changes for NBFCs. Here's all you need to know

With some NBFCs turning systemically significant over the years, owing to their size, complexity and interconnectedness, the RBI has sought to review from Business Line - Money & Banking https://ift.tt/3c48U...

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RBI paper suggests caps on NBFCs IPO, real estate financing, tighter regulations

IPO financing by NBFCs, a large business for some of these companies has come under close scrutiny, as while there is a limit of Ra 10 lakh for banks financing IPOs, there is no such limit for NBFCs. from Banking/Finance-Industry-Economic Times https://ift.tt/3c1PF...

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RBI plans a four-layered regulatory framework for NBFCs

Visualised as a pyramid, they could comprise of the base, middle, upper and top layers. from Business Line - Money & Banking https://ift.tt/3iCDh...

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Indian Bank reports ₹514-cr profit in Q3

Public sector lender Indian Bank (post amalgamation with Allahabad bank) has reported a decent performance for the third quarter in a row. It recorded from Business Line - Money & Banking https://ift.tt/39Qc4...

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YES Bank posts Q3 net of ₹151 crore

Board approves fund raise of ₹10,000 crore from Business Line - Money & Banking https://ift.tt/39TXY...

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Yes Bank posts Q3 net profit of Rs 151 cr

Board approves Rs 10,000-crore fund raise from Business Line - Money & Banking https://ift.tt/3qFyF...

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RBI proposes scale-based regulations for shadow banks

"Higher risk appetite of NBFCs has contributed to their size, complexity and interconnectedness making some of the entities systemically significant, posing potential threat to financial stability," the RBI said. from Banking/Finance-Industry-Economic Times https://ift.tt/3qHIB...

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RBI releases discussion paper on revised regulatory framework for NBFCs

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

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HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months

The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. from Banking/Finance-Industry-Economic Times https://ift.tt/39RIm...

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SBI Life Q3 profit falls 40% at ₹233 crore

SBI Life Insurance Company reported a 40 per cent decline in third quarter net profit at ₹233 crore against ₹390 crore in the year-ago period.Notwiths from Business Line - Money & Banking https://ift.tt/39R2i...

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Benefit from high quality portfolio of IDFC Bond Fund–Short Term Plan

from Banking/Finance-Industry-Economic Times https://ift.tt/3p6Nc...

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Survey reveals sizeable number of Indian respondents would rather not pay through cash

Survey reveals sizeable number of Indian respondents would rather not pay through cash from Banking/Finance-Industry-Economic Times https://ift.tt/2MeEm...

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Securitisation volume improves in Q3 on revival in economy: Crisil

Banks, insurance companies, MFs and HNIs join in investing in new issuances from Business Line - Money & Banking https://ift.tt/3a9iF...

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Increase the investment limit of PPF, Senior Citizens Savings Scheme in Budget: Ecowrap report

Incentivising digital transactions a must under the current scenario from Business Line - Money & Banking https://ift.tt/2NiLS...

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IL&FS tackles recovery of ₹32,000-crore debt

Company’s new board maintains aggregate debt to be addressed at ₹56,000 crore by FY'22 from Business Line - Money & Banking https://ift.tt/2KCXv...

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ICICI bank makes its first interbank-money market transaction linked with SOFR

ICICI Bank on Thursday said it has executed its first interbank-money market transaction linked with Secured Overnight Funding Rate (SOFR) through its from Business Line - Money & Banking https://ift.tt/3bZdh...

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IL&FS addresses aggregate debt of Rs 32,000 crore

The total debt of Rs 32,000 addressed comprises of Rs 21,600 crore of debt addressed basis cash balances and nearly Rs 10,300 crore of additional net recovery expected from resolution and restructuring applications filed with the National Company Law Tribunal at Mumbai and NCLAT, the approvals for which are awaited. from Banking/Finance-Industry-Economic Times https://ift.tt/2Y3T5...

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Interview | Collections in Assam to see short-term challenges, says Bandhan Bank MD Chandra Shekhar Ghosh

In an interview with Mithun Dasgupta, Ghosh says the bank's gross NPA ratio is not likely to rise further. from Banking & Finance – The Financial Express https://ift.tt/3o6wB...

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Fin-techs see spike in delinquent accounts after Covid-19 pandemic

There is a need for fin-techs to place greater focus on collections in the light of heightened delinquencies and a riskier customer base, the report said. “Compared to peer members, the huge volumes sourced by fin-techs were largely small-ticket loans and from riskier segments,” the report said. from Banking & Finance – The Financial Express https://ift.tt/3iAFR...

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Small finance banks’ low NPA ratio reflects better credit risk management: RBI

“One of the creditable features associated with micro finance has been its lower loan defaults, which have been made possible by better management and supervision of the credit portfolio through the employment of social collateral of self-help groups. SFBs, many of which were erstwhile NBFC-MFIs, too have reported low NPA ratios,” the report said. from Banking & Finance – The Financial Express https://ift.tt/2LX1D...

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Demand for gold loan surging: Muthoot Finance

Muthoot exited its white label ATM business in December 2020 as the venture was not making money. He said digital transactions are increasing and more than 60% of customers do some digital transactions. from Banking & Finance – The Financial Express https://ift.tt/3paj4...

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Demand for gold loan surging: Muthoot Finance

Muthoot exited its white label ATM business in December 2020 as the venture was not making money. He said digital transactions are increasing and more than 60% of customers do some digital transactions. from Banking & Finance – The Financial Express https://ift.tt/3paj4...

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RBI withdraws circulars on recovery of excess pension

The Reserve Bank of India has decided to withdraw with immediate effect three circulars issued by its Department of Government and Bank Accounts (DGB from Business Line - Money & Banking https://ift.tt/2Y3bS...

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RBI withdraws 3 circulars on excess pension recovery after discovering anomalies

"It has been brought to the notice of RBI that the recovery of excess/wrong pension payments from the pensioners are being made in a manner that is not in keeping with the extant guidelines/Court orders," a central bank notification said. from Banking/Finance-Industry-Economic Times https://ift.tt/39KO8...

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SBI Card net down 52% in Q3

Our BureauSBI Card, the country’s largest pure-play credit card issuer, on Thursday reported a 52 per cent decline in net profit for the third quarter from Business Line - Money & Banking https://ift.tt/2Y3PR...

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RBI slaps penalty of ₹2 crore on Standard Chartered Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2 crore on Standard Chartered Bank–India for delays in reporting of frauds.The cent from Business Line - Money & Banking https://ift.tt/2M6tJ...

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South Indian Bank posts loss of ₹91.62 crore in Q3

Higher credit cost has made a dent on South Indian Bank’s profitability in the third quarter of FY21. The Thrissur-based lender has registered a net l from Business Line - Money & Banking https://ift.tt/3p8Ye...

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RBI imposes Rs 2 crore penalty on Standard Chartered Bank

The monetary penalty has been imposed on the bank for non-compliance with certain directions contained in the 'Reserve Bank of India (Frauds - Classification and Reporting by commercial banks and select FIs) Directions 2016'. from Banking/Finance-Industry-Economic Times https://ift.tt/3sN9X...

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Bandhan Bank posts 13% decline in net profit at ₹633 cr

Our BureauBandhan Bank has registered a 13 per cent decline in net profit at ₹633 crore for the quarter ended December 31, 2020, against ₹731 crore i from Business Line - Money & Banking https://ift.tt/39TFc...

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Muthoot FinCorp Shopping Dhamaka gets overwhelming response

Muthoot FinCorp Shopping Dhamaka, launched by the company as part of its RestartIndia programme, has directly benefited more than 25,000 shopkeepers i from Business Line - Money & Banking https://ift.tt/3qKnI...

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Bandhan Bank net profit declines 13 per cent to Rs 633 cr

Further provision of Rs 1,000 crore made on standard advances against the potential impact of Covid-19 from Business Line - Money & Banking https://ift.tt/2Y31F...

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‘Recent shifts in macroeconomic landscape brightens outlook’

Our BureauThe recent shifts in the macroeconomic landscape in India has brightened the outlook, with GDP “in striking distance of attaining positive t from Business Line - Money & Banking https://ift.tt/393l6...

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India within striking distance of attaining positive growth: RBI

The shape of the recovery will be V-shapedand the ‘V’ stands for vaccine, said an article in RBI’s Jan bulletin from Business Line - Money & Banking https://ift.tt/39V3c...

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Small Finance Banks have greater presence in well-banked States, says RBI report

SFBs penetration in the North-Eastern region remains low from Business Line - Money & Banking https://ift.tt/3p6BK...

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Kerala bank employees’ union oppose CSB’s plan to offer VRS to award employees

The implementation of the scheme will benefit the bank both in terms of financial and customer service, said CSB Bank in the filing from Business Line - Money & Banking https://ift.tt/2M7FC...

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CCI nod for Axis Bank stake buy in Max Life Insurance

Axis Bank had sought CCI nod to acquire upto 20 per cent stake in Max Life in a deal also involving stake sale to the bank’s subsidiaries Axis Capital and Axis Securities from Business Line - Money & Banking https://ift.tt/3obUg...

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HDFC to sell 24.48 per cent stake in Good Host Spaces

The company expects to complete the stake sale in four months for a cash consideration of ₹232.81 crore from Business Line - Money & Banking https://ift.tt/3qKAr...

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Bajaj Fin to make payments foray with merchants, consumer push

The company is in the process of launching Bajaj Pay for consumers in Q4, which will offer an integrated payment solution comprising Unified Payments Interface (UPI), prepaid payment instrument (PPI), equated monthly instalment (EMI) card and credit card to its customers. from Banking & Finance – The Financial Express https://ift.tt/3ivXq...

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Federal Bank Q3 net decreases 8% on higher provisioning

Provision and contingencies for the quarter under review stood at Rs 421 crore, an Y-o-Y increase of 161% from Rs 161 crore provided in the year ago period. The bank recorded an operating profit of Rs 963 crore during the quarter, against Rs 743.82 crore in the same quarter last year. from Banking & Finance – The Financial Express https://ift.tt/391vs...

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ICICI Bank seeks buyers for Rs 193-cr exposure to road project

“Presently, the borrower is a non-performing asset with the bank/other lenders and is facing litigations initiated by other lenders viz. recovery suit with DRT,” the notice said. The asset is being offered on a cash-only basis. from Banking & Finance – The Financial Express https://ift.tt/39Pji...

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Ahead of banking, taking stock of the country's banking sector

A bad bank is an entity that acquires NPAs from banks, leaving them to focus on core banking matters. from Banking/Finance-Industry-Economic Times https://ift.tt/3p2P0...

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Govt looking into the issue of ‘volatility’ in raw material prices: Gadkari

G BalachandarThe Central government is working on a mechanism to control the prices of raw materials to support Micro, Small and Medium Enterprises, from Business Line - Money & Banking https://ift.tt/2M8EN...

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SBI executes money market deals linked to SOFR

State Bank of India (SBI), on Wednesday, said it has executed two inter-bank short-term money market deals through its Hong Kong branch with the prici from Business Line - Money & Banking https://ift.tt/3qB1K...

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NBFCs seek continued liquidity support in upcoming Budget

To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS). from Banking/Finance-Industry-Economic Times https://ift.tt/2LIzU...

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Bajaj Finserv Q3 profit up 15%

Bajaj Finserv Ltd (BFS) reported a 15 per cent increase in third quarter consolidated net profit at ₹1,290 crore against ₹1,126 crore in the year-ago from Business Line - Money & Banking https://ift.tt/39PYr...

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Simple products to increase insurance inclusion - IRDAI

Khuntia while addressing a virtual conference organised by economic think-tank NCAER said that the regulator has also asked insurance players to adopt one aspirational district each. from Banking/Finance-Industry-Economic Times https://ift.tt/3p5PY...

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Bajaj Finance Q3 net falls 30% at ₹1,049 crore

Bajaj Finance Ltd (BFL) reported a 30 per cent decline in third quarter standalone net profit at ₹1,049 crore against ₹1,488 crore in the year-ago per from Business Line - Money & Banking https://ift.tt/36eWZ...

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Airtel Payments Bank launches ‘Airtel Safe Pay’

Our BureauTo protect Airtel customers from the growing incidents of online payment frauds, Airtel Payments Bank has launched ‘Airtel Safe Pay’, a safe from Business Line - Money & Banking https://ift.tt/3o4k6...

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Sundaram Finance names Rajiv Lochan as its next Managing Director

TT Srinivasaraghavan, Managing Director of Sundaram Finance, completes his term of office on March 31, 2021 from Business Line - Money & Banking https://ift.tt/3sGL5...

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Federal Bank awaits regulatory nod to pick up additional 4% stake in IDBI Federal Life

IFLI is a three-way joint venture of IDBI Bank, Ageas and Federal Bank from Business Line - Money & Banking https://ift.tt/3isGU...

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Mutual fund exposure to NBFC debt grows marginally in Q3

Narayanan VMutual fund exposure to the debt instruments of non-banking finance companies (NBFCs), which was on a declining trend, has witnessed a sli from Business Line - Money & Banking https://ift.tt/35XjO...

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Federal Bank Q3 profit falls 8% at ₹404 crore

Federal Bank reported an 8 per cent decline in third quarter standalone net profit at ₹404 crore against ₹441 crore in the year-ago quarter.The bottom from Business Line - Money & Banking https://ift.tt/39Mat...

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Sundaram Finance makes key changes in management

The changes include the appointment of Rajiv Lochan as Managing Director succeeding T T Srinivasaraghavan with effect from April 1, 2021, the company said. from Banking/Finance-Industry-Economic Times https://ift.tt/2Mbfa...

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Insurers asked to adopt one aspirational district each, says IRDAI Chairman Khuntia

Life insurance penetration in the country is 3.6 per cent of the GDP, way below the global average of 7.13 per cent, and in case of general insurance it is even worse at 0.94 per cent of GDP, as against the world average of 2.88 per cent. from Banking/Finance-Industry-Economic Times https://ift.tt/3qA7P...

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Federal Bank Q3 net slips 8%

Bottomline hit by 161% jump in provisions, contingencies; net income rises 24% from Business Line - Money & Banking https://ift.tt/3p0Kd...

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India’s payments space to mature, says Paytm founder & CEO Vijay Shekhar Sharma

While the cumulative opportunity was enormous and while it would be ‘fancy’ to count the number of payments transactions, all players he said would worry about whether they can monetise the customer base. from Banking & Finance – The Financial Express https://ift.tt/3iuub...

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BoM Q3 net up 14% to Rs 154 cr helped by improved asset quality and higher interest income

In addition to growth in retail demand, investment in infrastructure and new projects had started pouring in, adding to the optimism, he said. from Banking & Finance – The Financial Express https://ift.tt/38Zct...

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CSB Bank reports 89% y-o-y rise in Q3 net profit

The Thrissur-based lender had reported a net profit of Rs 28.1 crore in Q3 FY20 and Rs 68.9 crore in the second quarter of the current fiscal year. from Banking & Finance – The Financial Express https://ift.tt/35VvI...

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EMI bounces ease in December, shows NACH data

The NACH data showed that of the 84.04 million debit requests for Rs 81,576 crore worth of payments made in December, 32 million requests for Rs 23,809 crore were declined. from Banking & Finance – The Financial Express https://ift.tt/3sILK...

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PMC Bank administrator sets Feb 1 deadline for final rescue plans

The bid document put out by the administrator AK Dixit said that the objective of the process of invitation of EoIs is to identify a suitable equity investor or group of investors willing to take over management control so as to revive the bank and commence regular day-to-day operations. from Banking & Finance – The Financial Express https://ift.tt/3qzP2...

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IRDAI panel moots standard professional indemnity cover

One can soon expect a standard professional indemnity policy to provide cover to brokers, corporate agents, web aggregators, and insurance marketing f from Business Line - Money & Banking https://ift.tt/39JwI...

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‘SBI, ICICI Bank and HDFC Bank will continue to be D-SIBs’

The Reserve Bank of India (RBI), on Tuesday, said that State Bank of India, ICICI Bank, and HDFC Bank will continue to be identified as Domestic Syste from Business Line - Money & Banking https://ift.tt/3qDOu...

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Jan Dhan accounts cross 41 crore: Finance Ministry

"Govt. committed to #FinancialInclusion to all citizens. As on 6/1/21, #PMJDY accounts cross 41 Cr. and Zero Balance Accounts decline to 7.5% from 58% in March 2015. Clearly showing the use and adaption by every account holder," the Finance Ministry said in a tweet. from Banking/Finance-Industry-Economic Times https://ift.tt/38VEc...

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SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI

The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014. The D-SIB framework requires the central to disclose the names of banks designated as D-SIBs starting from 2015 and place these lenders in appropriate buckets depending upon their Systemic Importance Scores (SISs). from Banking/Finance-Industry-Economic Times https://ift.tt/2NiKd...

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Insurance awareness, ownership show progress in Covid times: Max Life’s Survey

The ongoing pandemic situation has accelerated the knowledge and ownership of insurance in the country, and this is reflected in the findings of lates from Business Line - Money & Banking https://ift.tt/39P4k...

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CSB Bank offers VRS to eligible employees

The board of Thrissur-headquartered CSB Bank, on Tuesday, approved the roll out of a Voluntary Retirement Scheme (VRS) for award staff.According to CV from Business Line - Money & Banking https://ift.tt/3oY0t...

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CSB Bank Q3 profit surges 89% at ₹53 crore

CSB Bank reported an 89 per cent jump in third quarter net profit at ₹53 crore against ₹28 crore in the year-ago quarter on the back of a robust incre from Business Line - Money & Banking https://ift.tt/3qD5O...

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J&K Bank board decides to transfer 8.23% stake to UT of Ladakh

It is to be noted that the state was divided into union territories of Jammu & Kashmir and Ladakh after the abrogation of Article 370 in 2019. from Banking/Finance-Industry-Economic Times https://ift.tt/3sH0A...

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Bank of Maharashtra Q3 profit up 14% at ₹154 crore

Bank of Maharashtra (BoM) reported a 14 per cent increase in net profit at ₹154 crore in the third quarter ended December 31, 2020, against ₹135 crore from Business Line - Money & Banking https://ift.tt/3ipBD...

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Oman’s Ahlibank taps SunTec for VAT compliance solution

SunTec, a leading relationship-based pricing and billing company based here, has said that Oman’s Ahlibank has become its 50th customer for its indire from Business Line - Money & Banking https://ift.tt/2XS1t...

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IIFL Home Finance ties up with Standard Chartered Bank for co-lending

“Under this partnership, IIFL Home Finance Ltd and the Standard Chartered Bank will co-originate these loans and the IIFL Home Finance Ltd will service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing,” said Nirmal Jain, Chairman, IIFL Finance. from Banking/Finance-Industry-Economic Times https://ift.tt/3nYrg...

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Bank of Maharashtra Q3 net profit rises 14 per cent to ₹ 154 crore

Bank of Maharashtra (BoM) reported a 14 per cent increase in net profit at ₹ 154 crore in the third quarter ended December 31, 2020 against ₹135 crore from Business Line - Money & Banking https://ift.tt/3oXm6...

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WhatsApp Payments grows over 2X in December UPI volume, value; PhonePe pips Google Pay to lead tally

UPI transactions ended 2020 hitting the Rs 4-lakh-crore value mark in December involving 2.23 billion transactions, up from 2.21 billion transactions worth Rs 3.91 lakh crore in November. from Banking & Finance – The Financial Express https://ift.tt/3qsOj...

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SBI has some ATM safety tips for you

SBI has some ATM safety tips for you from Banking/Finance-Industry-Economic Times https://ift.tt/3sD6p...

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Investors given time till Feb 1 to submit final bids for PMC Bank

Potential investors Centrum Group-BharatPe combine, UK-based Liberty Group had submitted EoIs last month from Business Line - Money & Banking https://ift.tt/3sD9r...

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Arun Alagappan resigns as Chola MD

Alagappan will be relieved from the services of the Chola effective February 14, 2021, the company said in a stock exchange disclosure. from Banking & Finance – The Financial Express https://ift.tt/3o3yf...

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HDFC Bank to implement digital action plan in 10-12 weeks

The bank has thought of several action plans from the strengthening of the disaster recovery (DR) mechanism to cloud strategy. from Banking & Finance – The Financial Express https://ift.tt/3irtG...

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Arun Alagappan resigns as MD of Cholamandalam

Cholamandalam Investment & Finance Co has announced that Arun Alagappan (43) has resigned from the post of Managing Director and Director.“He wi from Business Line - Money & Banking https://ift.tt/3oW60...

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‘Top-tier banks well-placed to deal with tech disruptions’

But banks’ low profitability and weak asset quality present difficulties in boosting digitalisation, says S&P Global from Business Line - Money & Banking https://ift.tt/38SEM...

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YES Bank finance solution for MSMEs

YES Bank, on Monday, rolled out ‘YES MSME’, whereby the bank will support micro, small and medium enterprises (MSMEs) through solutions across lending from Business Line - Money & Banking https://ift.tt/35TkR...

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L&T Finance to raise ₹2,999 crore via rights issue

L&T Finance Holding Ltd (LTFHL), on Monday, said it will raise ₹2,999 crore via a rights issue in the entitlement ratio of 17:74 at ₹65 per equity from Business Line - Money & Banking https://ift.tt/2XTFR...

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Citibank India appoints Arjun Chowdhry as head of consumer business

Citi on Tuesday announced the appointment of Arjun Chowdhry as Consumer Business Manager (CBM), Global Consumer Banking (India), effective January 8, from Business Line - Money & Banking https://ift.tt/3sw9G...

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SBI initiates insolvency proceedings against Videocon promoters

In a petition filed by Videocon resolution professional Asish Narayan on behalf of the group's largest lender State Bank of India (SBI), insolvency petitions have been initiated against the Dhoots in their capacity as personal guarantors to recover dues from the company. from Banking/Finance-Industry-Economic Times https://ift.tt/368xa...

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Vishwavir Ahuja re-appointed as RBL Bank chief

The board of directors of RBL Bank, on Monday, approved the re-appointment of Vishwavir Ahuja as the Managing Director and CEO of the bank for three y from Business Line - Money & Banking https://ift.tt/3sE6Z...

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RBI orders senior officers to office in post Covid normalisation

The 2020 RBI annual report shows that the central bank's total staff strength of 13,456 included 6670 Class 1 employees. About 2/3rds or 67% of these employees are designated as managers and above. All of them will now be expected to come to office. from Banking/Finance-Industry-Economic Times https://ift.tt/2Njiu...

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Citi appoints Arjun Chowdhry as head of global consumer banking, India

Arjun Chowdhry will join the Asia consumer leadership team, ensuring alignment with global and regional priorities and attracting the right talent to build world class teams, the leading global bank said in a press release on Monday. Chowdhry will report to Ashu Khullar, CEO, Citi India and Fabio Fontainha, APAC and EMEA head of retail banking. from Banking/Finance-Industry-Economic Times https://ift.tt/3p7Hs...

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Tata Capital Growth Fund II raises ₹1,250 crore

Tata Capital Growth Fund II, a fund sponsored and managed by Tata Capital, has raised a total of ₹1,250 crore to be invested in strategic services, from Business Line - Money & Banking https://ift.tt/3nQvx...

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Tata Capital raises ₹1,250 cr

Tata Capital Growth Fund II has raised ₹1,250 crore from a group of global and European Fund of Funds, reputed Japanese institutions, and a leading As from Business Line - Money & Banking https://ift.tt/3ikX9...

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Banks' low profitability, weak asset quality pose difficulty in boosting digitisation: S&P

In its report titled 'Tech Disruption in retail banking: Top tier banks lead the change', S&P said India's digital disruption, however, poses a relatively low risk to its top-tier banks' longstanding market position. from Banking/Finance-Industry-Economic Times https://ift.tt/38Vlj...

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Overwhelming response: PFC’s Tranche-I ₹5,000-cr NCDs oversubscribed in two days

With PFC having filed a shelf prospectus of up to ₹10,000 crore, it may roll out Tranche II during the current fiscal itself from Business Line - Money & Banking https://ift.tt/3bNsz...

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L&T Finance Holdings reports 51% drop in Q3 net

L&T Finance Holdings lost nearly 5 per cent during the morning trade on Monday after reporting a 51 per cent drop in its consolidated net profit f from Business Line - Money & Banking https://ift.tt/3sxj0...

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Mobile app for gold loan launched in Kochi

This is for the first time that an app for gold loans has been launched from Business Line - Money & Banking https://ift.tt/2XPlo...

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LVB-DBS merger: Plea in Delhi HC on LVB share capital write-off

A shareholder in Lakshmi Vilas Bank has filed a Writ Petition in the Delhi High Court challenging its amalgamation with DBS Bank India.A clause in the from Business Line - Money & Banking https://ift.tt/2XMZQ...

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DHFL resolution: Lenders approve Piramal's bid

The "resolution plan submitted by Piramal Capital and Housing Finance Limited was duly approved by CoC by majority voting under section 30(4) of the Insolvency & Bankruptcy Code....as the successful resolution plan," it said. from Banking/Finance-Industry-Economic Times https://ift.tt/3ikcH...

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Three point-agenda for the upcoming Budget

Emphasis will likely be on healthcare and livelihood-creating sectors such as infrastructure and housing from Business Line - Money & Banking https://ift.tt/3ixwP...

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Road ahead for co-operative banks

The RBI has powers now to regulate UCBs on par with commercial banks. Can depositors hope for a time-bound resolution? from Business Line - Money & Banking https://ift.tt/39CB4...

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DHFL win likely to sharpen Piramal’s retail focus

Challenges continue with pending cases; Oaktree may also file a legal plea from Business Line - Money & Banking https://ift.tt/3sxsE...

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DHFL: Creditors’ panel approves Piramal’s resolution plan

Dewan Housing Finance Corporation Ltd on Sunday said the resolution plan submitted by Piramal Capital and Housing Finance Limited has been approved by from Business Line - Money & Banking https://ift.tt/3nTIl...

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BharatPe raises Rs 139 crore debt from Alteria Capital, ICICI Bank

Fintech company BharatPe on Sunday said it has raised Rs 139 crore (about USD 20 million) in debt from venture debt firm Alteria Capital and ICICI Ban from Business Line - Money & Banking https://ift.tt/3nSNa...

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Plea in Delhi High Court against Lakshmi Vilas Bank-DBS merger says shareholders shortchanged

The petition was listed before a bench of Chief Justice D N Patel and Justice Jyoti Singh on January 13, but was adjourned to February 19 after the bench was told that the Reserve Bank of India (RBI) has moved a plea in the Supreme Court to transfer all pleas against the amalgamation scheme to the Bombay High Court. from Banking/Finance-Industry-Economic Times https://ift.tt/38TdV...

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RBI for more measures to improve governance at banks, NBFCs: Shaktikanta Das

“A good governance structure will have to be supported by effective risk management, compliance functions and assurance mechanisms.” from Banking & Finance – The Financial Express https://ift.tt/3ilPm...

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HDFC Bank Q3 net rises 18% y-o-y

HDFC Bank on Saturday reported an 18% year-on-year (y-o-y) growth in net profit for the quarter ended December to Rs 8,578 crore on the back of a 15% y-o-y rise in net interest income (NII) to Rs 16,317.6 crore, with non-interest income growing 11.6% y-o-y. The bank's non-bank subsidiary posted a loss during the quarter. […] from Banking & Finance – The Financial Express https://ift.tt/3bInO...

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