9:13 PM
Blogger
6:12 PM
Blogger
6:05 PM
Blogger
Taking a conservative stance in its accounting the bank also hiked total provisions to ensure it has enough buffer to manage an adverse economic environment in the near future.
5:12 PM
Blogger
4:14 PM
Blogger
12:05 PM
Blogger
A few years later in 2007, ABN Amro, which had acquired Bank of America’s retail business in 1998, sold out to RBS following a global deal. In the last decade, Deutsche Bank, ING, RBS and HSBC sold significant portions of their retail businesses in the country.
2:15 AM
Blogger
11:12 PM
Blogger
11:12 PM
Blogger
11:05 PM
Blogger
Over the past year, microfinance institutions (MFIs) have streamlined their processes, trained field staff on COVID-appropriate behaviour and in dealing with lockdowns, and focussed on digitisation, and these steps will help them in managing any kind of situation, Microfinance Institutions Network (MFIN) CEO Alok Misra said.
11:05 PM
Blogger
"In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, we place the...accounts for sale to ARCs/ Banks/ NBFCs/ FIs, on the terms and conditions indicated there against," SBI said in a sale notice on its website.
10:12 PM
Blogger
10:12 PM
Blogger
10:05 PM
Blogger
Credit growth slowed further to 5.6% in the fiscal ended March 2021 compared to 6.1% reported in fiscal 2020, RBI data shows. This is the slowest pace of growth since the data available on the RBI website as far as 1965.
8:12 PM
Blogger
7:12 PM
Blogger
7:12 PM
Blogger
7:12 PM
Blogger
7:12 PM
Blogger
6:12 PM
Blogger
5:12 PM
Blogger
5:05 PM
Blogger
The Indian motor insurance marketplace has noted a clear shift towards remote 'Do-It-Yourself' checks and inspection-as-a-service because of COVID-19 which has necessitated moving away from physical vehicle inspections, WIMWIsure said in a release.
4:12 PM
Blogger
1:12 PM
Blogger
1:05 PM
Blogger
Citibank's consumer banking business houses three relevant businesses namely, credit cards, wealth management and mortgages the bank may sell all these businesses separately as a portfolio sale, Macquarie analyst Suresh Ganapathy said in a report.
1:05 PM
Blogger
Increased rivalry from domestic lenders, especially in consumer financing, and fierce competition for top talent contributed to the challenges that overseas banks have often struggled to overcome. High capital and regulatory requirements also proved onerous.
11:05 AM
Blogger
"Now we've got to watch the situation carefully. If these disruptions last only a few weeks, then we will be back to the normalcy quickly. But if there are strict lockdowns for extended periods, then it can really peg us back."
9:14 AM
Blogger
8:05 AM
Blogger
The company which is in the process of acquiring Dewan Housing Finance has already inducted two technology platforms into its system that allow it to crunch credit data in-house, the chief executive of Piramal’s retail finance business, Jairam Sridharan, said.
4:14 AM
Blogger
3:14 AM
Blogger
12:05 AM
Blogger
Former Citibanker Pankaj Vaish and Bharti Enterprises vice-chairman Akhil Kumar Gupta are believed to be among the applicants for universal bank and small finance bank licenses
11:05 PM
Blogger
11:05 PM
Blogger
The microfinance industry is likely to face asset quality pressures in the near term due to the recent surge in COVID-19 infections and localised restrictions, says a report.
11:05 PM
Blogger
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions, in a representation to the Secretary Department of Financial Services Debasish Panda said some saftey measures need to be put in place as all bank branches and establishments are potential hotspots for spreading the infections.
10:12 PM
Blogger
10:05 PM
Blogger
Citi started retail operations in India in 1985 and was among the pioneers of credit cards in the country. It will focus on corporate and institutional banking business in the country as part of a strategic rethink, CEO Jane Fraser said in a press statement after the bank announced its 2020 results.
9:12 PM
Blogger
9:12 PM
Blogger
9:05 PM
Blogger
VSoft Technologies, Calicut City Service Co-operative Bank and Dvara Kshetriya Gramin Financial Services have applied for a small finance bank license, the central bank said.
8:12 PM
Blogger
8:12 PM
Blogger
8:05 PM
Blogger
The business comprises credit cards, retail banking, home loans and wealth management. The bank has 35 branches in the country and employs approximately 4,000 people in the consumer banking business.
7:12 PM
Blogger
7:12 PM
Blogger
7:05 PM
Blogger
NITI Aayog has been entrusted with the task of selection of names of two public sector banks and one general insurance company for the privatisation as announced in the Budget 2021-22.
6:12 PM
Blogger
5:05 PM
Blogger
Piramal has launched used car financing in partnership with Cars24, it has also tied up with Zest for unsecured digital lending, it is also offering small business loans, loans against property besides home loans as part of its retail push.
4:12 PM
Blogger
2:12 PM
Blogger
12:12 PM
Blogger
4:14 AM
Blogger
11:05 PM
Blogger
NBFC firm Religare Finvest Limited (RFL) had borrowed Rs 100 crore from Axis Bank by placing non-convertible debentures (NCDs) on a private placement basis in September 2015. The bonds, bearing a coupon of 10.68 per cent per annum, are set for maturity on April 30, 2021, Religare Enterprises Ltd (REL) said in a regulatory filing.
11:05 PM
Blogger
Under the project, which is an expansion of IFC's distressed asset recovery programme in India, the lender will invest up to USD 100 million in the JC Flowers India opportunities fund on meeting certain conditions, with an initial commitment of USD 40 million, IFC said on Wednesday.
9:12 PM
Blogger
6:12 PM
Blogger
6:05 PM
Blogger
Citing a Department of Financial Services (DFS) notification dated April 13, 2021, SBI said, "..the central government hereby nominates Anil Kumar Sharma, executive director, Reserve Bank of India as director on the central board of State Bank of India with immediate effect... until further orders, vice Chandan Sinha."
5:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
2:12 PM
Blogger
1:12 PM
Blogger
11:12 AM
Blogger
11:05 AM
Blogger
Banking services were shut in many parts on April 13 too — on account of Vaisakhi, Gudi Padwa, first day of Navratra, Telugu New Year’s Day, Ugadi Festival, Sajibu Nongmapanba (Cheiraoba).
7:14 AM
Blogger
5:14 AM
Blogger
12:15 AM
Blogger
11:12 PM
Blogger
11:05 PM
Blogger
Public sector banks in need of raising equity have begun preparations for share sales but the second wave of the coronavirus may delay their plans.
8:12 PM
Blogger
6:12 PM
Blogger
6:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
3:14 PM
Blogger
3:12 PM
Blogger
11:05 PM
Blogger
"We forecast credit losses will decline to 2.2 per cent of total loans in the year ending March 31, 2022, and 1.8 per cent in fiscal 2023, after staying elevated at an average of 2.8 per cent in fiscals 2016-2021," S&P added.
10:12 PM
Blogger
10:12 PM
Blogger
9:12 PM
Blogger
8:12 PM
Blogger
8:12 PM
Blogger
8:05 PM
Blogger
The department of financial services (DFS) has recently called upon the two microfinance industry organisations - Sa-Dhan and Microfinance Institutions Network (MFIN) - to assess the situation in the eastern region states.
8:05 PM
Blogger
Icra Ratings in a report said with revival in demand for housing credit in the industry in the last two quarters, most of the HFCs have already reached near pre-Covid level disbursements and are targeting to achieve further higher disbursements in Q4 FY2021.
8:05 PM
Blogger
"The product is aimed to grow our market share...we are a challenger in the market," its president for consumer assets Ambuj Chandna said over the phone.
8:05 PM
Blogger
Publishing house Penguin Random House India on Monday said it has closed a deal with Almighty Motion Pictures for the audio-video rights of financial thriller 'The Banker Who Crushed His Diamonds: The YES Bank Story'.
7:12 PM
Blogger
6:12 PM
Blogger
6:12 PM
Blogger
6:12 PM
Blogger
6:05 PM
Blogger
Customers can send money abroad in over 100 different currencies, without any need to visit a branch. They can send up to USD 25,000 per transaction for various purposes such as education fee payment, family maintenance, and health-related expenses, Axis Bank said in a statement.
6:05 PM
Blogger
However, banks that were aggressively disbursing gold loans during the last fiscal may see some impact on their asset quality, Crisil Ratings said in a report.
5:12 PM
Blogger
3:12 PM
Blogger
2:12 PM
Blogger
2:05 PM
Blogger
"Sampat is a respected leader in life insurance with an exceptional record. The board is optimistic that the company can deliver substantial strategic and operational progress under her able leadership," Pramerica Life Insurance Chairman Sunil Kumar Bansal said in the release.
12:12 PM
Blogger
12:12 PM
Blogger
6:14 AM
Blogger
2:14 AM
Blogger
10:12 PM
Blogger
6:12 PM
Blogger
6:05 PM
Blogger
The study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot be considered as "reasonable."
12:12 AM
Blogger
RSS Feed
Twitter
