DCB Bank Q4 net profit rises 13%

DCB Bank has reported a 13 per cent jump in its net profit for the quarter ended March 31, 2021 at ₹78 crore compared with ₹69 crore in the same perio from Business Line - Money & Banking https://ift.tt/3f6oT...

Read more »

Bandhan Bank registers 80 per cent drop in Q4 net profit

Doubles provisions during quarter; rejigs home loan portfolio to the tune of ₹617 cr under one-time restructuring scheme from Business Line - Money & Banking https://ift.tt/3uBUn...

Read more »

CSB Bank charts branch expansion fuelled by gold loans

The bank will continue to add more branches as it changes character to pan Indian franchise from a Kerala based lender, CEO CVR Rajendran said. CSB added 100 branches last fiscal as it competed 100 years of existence in 2020. It will add another 200 branches in the fiscal ended 2022, most of them outside Kerala in states like Andhra Pradesh, Telengana, Tamil Nadu, Goa and Madhya Pradesh. from Banking/Finance-Industry-Economic Times https://ift.tt/3hiOc...

Read more »

ICICI Lombard to give up to 2-month advance salary to COVID positive employees

The individual can pay back the advance in 6 or 12 monthly instalments at a later date, the company said. from Banking/Finance-Industry-Economic Times https://ift.tt/3xSSK...

Read more »

EIB, SBI to back €100 m Neev Fund II for SMEs

Fund will offer equity support for ‘innovative’ firms from Business Line - Money & Banking https://ift.tt/2SqKY...

Read more »

Irdai remains headless amid raging pandemic

The Insurance Regulatory & Development Authority of India (Irdai) has turned headless after chairman S C Khuntia retired on May 6 without a successor being appointed. from Banking/Finance-Industry-Economic Times https://ift.tt/3xTJY...

Read more »

HDFC net jumps 42% on higher interest income

The capital adequacy ratio of the lender stood at 22.2% at the end of the March quarter, compared to the minimum regulatory requirement of 14%. from Banking & Finance – The Financial Express https://ift.tt/3h9ex...

Read more »

Outstanding credit of all scheduled banks sees drop in April

Credit decline in April reduced in the last two years from Business Line - Money & Banking https://ift.tt/3nYGq...

Read more »

LIC relaxes claim settlement requirements

To address the difficulties experienced by policyholders in submitting documents required for claim settlement in the servicing branch, the insurer has allowed submission of documents in any nearby LIC office for due maturity/survival benefit claims. from Banking/Finance-Industry-Economic Times https://ift.tt/2SqGI...

Read more »

Life insurers' new business premium up 45% at Rs 9,739 crore in April

The largest insurer, state-owned LIC posted 35.6 per cent rise in the first year premium or new business premium at Rs 4,856.76 crore in April 2021, as against Rs 3,581.65 crore in the year-ago month, the Insurance Regulatory and Development Authority of India (Irdai) said. from Banking/Finance-Industry-Economic Times https://ift.tt/2QZZg...

Read more »

RBI sets up advisory group to assist Regulatory Review Authority

The Reserve Bank of India’s Regulations Review Authority (RRA 2.0) has constituted a six-member Advisory Group headed by S Janakiraman, Managing Dire from Business Line - Money & Banking https://ift.tt/3f03j...

Read more »

Indian banks' loans rose 5.7% y/y in two weeks to April 23, says central bank

Non-food credit fell by 366.74 billion rupees to 108.02 trillion rupees, while food credit rose by 86.36 billion rupees to 583.35 billion rupees. from Banking/Finance-Industry-Economic Times https://ift.tt/3xVPs...

Read more »

Karnataka Bank will focus on cost-light liability portfolio, says MD

Considering the Covid 2.0, the bank has set a moderate growth target of 12% for business turnover for the current fiscal from Business Line - Money & Banking https://ift.tt/3us1h...

Read more »

RBI to Banks: Lend to healthcare space within 30 days of availing funds

The scheme will remain operational from May 7 this year till March 31, 2022 from Business Line - Money & Banking https://ift.tt/3utKs...

Read more »

LIC further relaxes claim settlement process

Announces five-day week from May 10 from Business Line - Money & Banking https://ift.tt/3et3J...

Read more »

HDFC Q4 net profit surges 42 per cent

Board approves reappointment of Keki Mistry for a three year period from Business Line - Money & Banking https://ift.tt/3nWes...

Read more »

Public sector banks losing market share in loans to private sector rivals

Loan growth in PSBs slackened due to streamlining operations and mergers within the group from Business Line - Money & Banking https://ift.tt/2R0sR...

Read more »

When Will India Have its UPI Moment in Cross-border Payments

from Banking/Finance-Industry-Economic Times https://ift.tt/3ha7g...

Read more »

Muthoot Finance ties up with NIRA to offer personal loans

Partnership will help Muthoot Finance build its unsecured lending book and strengthen digital footprint from Business Line - Money & Banking https://ift.tt/3b4ft...

Read more »

Our strategy would be to focus on what we are doing well and spruce up our distribution, says Ageas Federal Life Insurance head

Will look at a new banca partnership: Vighnesh Shahane, MD and CEO from Business Line - Money & Banking https://ift.tt/3vPjO...

Read more »

COVID-19: Banks ready health booster shot

In a meeting with the finance ministry, large public sector banks discussed the possibility of making available credit online using the liquidity facility. Banks will go to the drawing board and will design the schemes with extremely competitive rates and draw up the eligibility criteria. from Banking/Finance-Industry-Economic Times https://ift.tt/3w1hD...

Read more »

Fintech start-up LenDenClub turns profitable in Q4 of FY21

Aims to disburse ₹1,200 crore worth of loans in FY 22 from Business Line - Money & Banking https://ift.tt/33nVZ...

Read more »

IndiaTech.org whitepaper proposes defining cryptos as digital assets

Association proposes introducing a system for registering cryptocurrency exchanges in the country from Business Line - Money & Banking https://ift.tt/2PVBb...

Read more »

PayU sees a three-fold jump in transactions to $100 billion in three years

Adoption of digital payment tools along with rising popularity of e-commerce players amid the pandemic are seen as growth drivers from Business Line - Money & Banking https://ift.tt/3h7Dx...

Read more »

IDBI expects 2% of small borrowers to opt for recast

IDBI Bank exited RBIs prompt corrective action (PCA) framework after four years in March this year, posted profits of Rs 512 crore at the end of Q4. The net non-performing loan ratio improved to 1.97 per cent. from Banking/Finance-Industry-Economic Times https://ift.tt/3nWTb...

Read more »

Microfinance firm CreditAccess Grameen net profit surges 83% to Rs 65 crore in Q4

The spread of the second wave of Covid-19 pandemic has created challenges for every business. "We are anticipating the collections to witness a temporary decline in Q1 FY22 on account of several intermittent lockdowns/restrictions being imposed across various states," managing director Udaya Kumar Hebbar said. from Banking/Finance-Industry-Economic Times https://ift.tt/3xTNw...

Read more »

Op Twist: Banks' offer to sell 6.3 times the ₹10,000-crore notified amount of G-Secs to RBI

RBI accepted offers aggregating ₹10,000 crore only for the benchmark 2030 G-Sec from Business Line - Money & Banking https://ift.tt/3vOUD...

Read more »

SBI digital services to be affected due to maintenance on May 7

Last month, the bank's digital banking platforms, including Yono, Yono lite, internet banking, Unified Payments Interface (UPI) was affected due to maintenance. from Banking/Finance-Industry-Economic Times https://ift.tt/33hXP...

Read more »

Bank unions term Govt’s move to divest stake in IDBI Bank as retrograde

However, markets cheer the decision with stock zooming 15% intraday from Business Line - Money & Banking https://ift.tt/3nSGq...

Read more »

RBI allows lenders to revamp MSME accounts under Covid-19 related stress

Restructuring of the borrower account has to be invoked by September 30, 2021. from Business Line - Money & Banking https://ift.tt/3b536...

Read more »

Will the RBI liquidity window turn small banks big?

According to industry captains, the new facility would help them to get about 1-1.5% positive carry on the borrowed fund, even after investing the same amount into government securities as mandated by the central bank. from Banking/Finance-Industry-Economic Times https://ift.tt/2QQFn...

Read more »

PSBs will only lead bad bank, pvt banks also need to support it: SBI MD

If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans, which shall ultimately lead to better resolution of the asset quality stress for all. from Banking/Finance-Industry-Economic Times https://ift.tt/2Rzza...

Read more »

PSBs form 'Alliance' to provide door step banking

Besides public sector banks, two private sector lenders IDBI Bank and ICICI Bank were also shareholders in Cordex but will surrender their stake in favour of PSBs. from Banking/Finance-Industry-Economic Times https://ift.tt/2RsC1...

Read more »

KVG Bank bags PFRDA awards

The bank is playing a pivotal role in implementation of social security schemes, says Chairman from Business Line - Money & Banking https://ift.tt/3xRkT...

Read more »

Covid-19 excluded from risk cover for IPL

Not much relief for stakeholders through insurance claims from Business Line - Money & Banking https://ift.tt/2QQmg...

Read more »

RBI provides Rs 50,000-crore liquidity for extending Covid-19 loans to healthcare

Khara further said two vaccine manufactures have reached out to SBI for loans, and they can be given loans under the new facility. from Banking & Finance – The Financial Express https://ift.tt/3xYfl...

Read more »

Loan recasts: Small borrowers get fresh relief from RBI

Individuals and small businesses with loans of up to Rs 25 crore who have never undergone restructuring before and who were classified as standard as on March 31, 2021, shall be eligible under the new scheme, titled resolution framework 2.0. from Banking & Finance – The Financial Express https://ift.tt/3tl5I...

Read more »

Yes Bank expects 15% loan growth in FY22: Prashant Kumar, managing director and chief executive officer

On the deposits part, we are continuously reducing rates. Last one year, we have reduced more than 100 basis points (bps) on fixed deposits (FDs). from Banking & Finance – The Financial Express https://ift.tt/3eZTJ...

Read more »

Small finance banks better placed to evaluate credit profiles of MFIs: CRAs

Microlenders have said the RBI's initiative should lead to tangible liquidity flow to the microfinance sector. from Banking & Finance – The Financial Express https://ift.tt/3ennp...

Read more »

Collections, disbursements picked up in March quarter: Equitas SFB

Vasudevan said as of March 31, the bank's advances grew 17% year on year and about 81% was of secured loans. Its flagship product, small business loan, continues to show reasonable growth. from Banking & Finance – The Financial Express https://ift.tt/33iPW...

Read more »

Saravana Stores declared a ‘fraud’ account by Indian Bank

Bank makes provision of Rs 115 crore against the account from Business Line - Money & Banking https://ift.tt/3xNKm...

Read more »

RBI opens ₹50,000-cr liquidity tap for banks to on-lend to healthcare sector

Committed to go unconventional, and devise new responses as situation demands, says Governor Shaktikanta Das from Business Line - Money & Banking https://ift.tt/3eii6...

Read more »

JM Financial consolidated Q4 net rises 35.35 per cent

Strong momentum in investment banking, wealth management and securities business boosts bottomline from Business Line - Money & Banking https://ift.tt/3h4pf...

Read more »

IDBI Bank: Divestment, transfer of management control approved

For FY21, the bank reported a standalone net profit of ₹1,359 crore from Business Line - Money & Banking https://ift.tt/33moZ...

Read more »

Fino Payments Bank goes live with enhanced deposit limit of Rs 2 lakh for MSMEs, small traders, others

RBI had last month announced an increase in the maximum balance limit at the end of the day for payments banks to Rs 2 lakh from Rs 1 lakh earlier in order to boost financial inclusion. from Banking & Finance – The Financial Express https://ift.tt/3b3EH...

Read more »

Fino Payments Bank goes live with enhanced deposit limit of ₹2 lakh

Move in line with the revised guidelines announced by RBI from Business Line - Money & Banking https://ift.tt/3eld4...

Read more »

Kotak Mahindra Bank selected as digital payments partner by eNAM

Bank will provide payment, clearing and settlement services on the eNAM platform from Business Line - Money & Banking https://ift.tt/3h2TH...

Read more »

KCCI seeks extension of NPA classification period

Stressed Asset Restructure Scheme should be extended and norms eased to expand coverage, says industry body from Business Line - Money & Banking https://ift.tt/3tlCP...

Read more »

IDBI Bank: CCEA approves strategic disinvestment and transfer of management control

Extent of respective shareholding to be divested by Central Government and LIC to be decided at the time of structuring of the transaction from Business Line - Money & Banking https://ift.tt/3b5uH...

Read more »

Cabinet approves strategic disinvestment in IDBI Bank

The extent of respective shareholding to be divested by the government and LIC will be decided at the time of structuring of transaction in consultation with the Reserve Bank of India (RBI), according to an official statement. from Banking/Finance-Industry-Economic Times https://ift.tt/3eYax...

Read more »

RBI to purchase higher amount of G-Secs at 2nd auction under G-SAP

Estimated amount ₹35,000 crore and it will be conducted on May 20 from Business Line - Money & Banking https://ift.tt/3eVWx...

Read more »

Citibank announces additional Rs 200 cr aid for COVID relief efforts in India, Wells Fargo to donate USD 3 million

Citi said the immediate support of Rs 75 crore will focus on procurement of oxygen supplies, adding beds to hospitals, diagnostic testing systems, personal protection kits and other supplies for India's frontline healthcare workers. from Banking/Finance-Industry-Economic Times https://ift.tt/2QLT1...

Read more »

Fintech start-up QPS launches services in the UK

To invest £10 million and create 100 new jobs from Business Line - Money & Banking https://ift.tt/3vFl4...

Read more »

Citi commits ₹200 crore more to support India’s Covid relief efforts

Funds will be used to procure oxygen supplies and testing systems, among other things from Business Line - Money & Banking https://ift.tt/3b5sQ...

Read more »

RBI announces rationalisation of compliance to KYC norms

The measures include extending the scope of video KYC for new categories and introducing more customer-friendly options. from Business Line - Money & Banking https://ift.tt/3tiFA...

Read more »

RBI announces additional Covid regulatory measures

These include a ₹50,000-cr special term liquidity facility for banks for on-lending to vaccine manufacturers, a ₹10,000-crore long-term repo operation to support small finance banks to on-lend to MSEs, and a resolution framework 2.0 for individuals, small businesses and MSMEs. from Business Line - Money & Banking https://ift.tt/3vI3P...

Read more »

Govt asks PSBs to protect dollar assets on Cairn concern

The banks’ decision to avoid adding more dollars to their offshore account has roiled India’s exchange rate in recent days from Business Line - Money & Banking https://ift.tt/3b2Os...

Read more »

RBI Governor to deliver an unscheduled speech at 10 a.m.

The address comes amid request for relief, including payment moratorium, in the wake of a surge in Covid-19 from Business Line - Money & Banking https://ift.tt/3xMQh...

Read more »

Banks’ lending spreads may have peaked, say analysts

The marginal lending spread — the interest rate on new loans minus new deposits — for the banking system has come off peak levels and declined by 16 basis points (bps) in March over February 2021, according to data released by the Reserve Bank of India (RBI). from Banking & Finance – The Financial Express https://ift.tt/3efRm...

Read more »

India asks state banks to protect dollar assets on Cairn concern

Lenders aren’t committing to U.S. dollar purchases in the forwards market since this guidance last week, the people said, asking not to be identified discussing private deliberations. U.K.-based Cairn Energy can push authorities to impound Indian assets if the South Asian nation declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent to the Indian High Commission in the U.K. earlier this year. from Banking/Finance-Industry-Economic Times https://ift.tt/3nOGB...

Read more »

Be alert against fraudsters; desist from sharing sensitive info online: SBI tells customers

The lender also asked its customers not to respond to unsolicited offers, however attractive, received through e-mails, SMSes or any other social media account. from Banking/Finance-Industry-Economic Times https://ift.tt/3xNYD...

Read more »

Kotak Fund set to acquire its first road asset

"KSSF is taking control of the project by settling the dues of this company through a one-time settlement. The deal is likely to be completed before the end of this month. Banks are taking about a 50% haircut in this deal," one of the two persons cited above said. KSSF did not reply to an email seeking comment. from Banking/Finance-Industry-Economic Times https://ift.tt/33h9G...

Read more »

COVID-19 hit RBL Bank portrays cautious optimism

"We remain watchful, conservative and yet agile. We will look scale up in segments in which we have domain expertise like micro finance and credit cards and also expand in secured businesses like housing finance, tractor and two wheeler loans," CEO Vishwavir Ahuja said. from Banking/Finance-Industry-Economic Times https://ift.tt/2QRYF...

Read more »

RBI imposes ₹25.50 lakh penalty on Jaipur-based Jumbo Finvest (India) Ltd

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹25.50 lakh on Jumbo Finvest (India) Ltd, Jaipur, for non-compliance with provisio from Business Line - Money & Banking https://ift.tt/3tiAe...

Read more »

Banks demand deadline extension for Covid packages

Banks have petitioned the Reserve Bank of India (RBI) that the 180-day timeline for implementing resolution plans for borrower accounts from Business Line - Money & Banking https://ift.tt/3gX2D...

Read more »

FPIs bet big on private insurers

Between FY19 and FY21, FPIs pumped in ₹52,527 crore into the insurance sector from Business Line - Money & Banking https://ift.tt/3nJlz...

Read more »

RBI tells MFIs to improve governance, loan appraisal system; assesses pandemic-led stress

The central bank governor Shaktikanta Das called on these lenders Monday to assess the ground level situation—going beyond the accounting numbers of micro lenders—following the sharp rise in the rate of infections across regions, which forced local authorities to go for area wise containments and partial lockdowns. from Banking/Finance-Industry-Economic Times https://ift.tt/3b3Km...

Read more »

RBL Bank Q4 net profit down 34%

Sharp rise in provisions and lower interest income hit bottomline from Business Line - Money & Banking https://ift.tt/33eWE...

Read more »

Interest on interest: IBA sends representation to Finmin

The Indian Banks’ Association (IBA) has sent a representation to the Finance Ministry to enhance the scope of its previous ex-gratia scheme to cover from Business Line - Money & Banking https://ift.tt/3ePP7...

Read more »

Xander Group appoints 3 new directors to Indian NBFC Xander Finance’s board

Rajesh Jogi, Tariq Chinoy and Varun Gopinath have joined the newly recast board as part of the company’s plan to ramp up its pursuit of emerging opportunities in the financial services sector in India. from Banking/Finance-Industry-Economic Times https://ift.tt/33eEZ...

Read more »

Ramya Muraledharan joins Brickwork Ratings

 Ramya A Muraledharan, has joined Brickwork Ratings (BWR) as Director, Ratings.She will be overseeing the banking, NBFC and securitisation ratings por from Business Line - Money & Banking https://ift.tt/3h1VE...

Read more »

Jana Small Finance Bank gets 25 pc of its workforce vaccinated

The bank started with the vaccination of employees over 45 and paced up the efforts multi-fold as soon as the Department of Financial Services and Parliamentary standing committee recognised bankers as COVID warriors, thus making all its employees over 18 years of age eligible, the bank said in a release. from Banking/Finance-Industry-Economic Times https://ift.tt/3egD1...

Read more »

Covid impact: Microfinance repayment collection starts falling again

Rating company ICRA has estimated a sequential 8-10% drop in collections in April 2021 and the same may dip further if the second wave cannot be controlled. from Banking/Finance-Industry-Economic Times https://ift.tt/3un3P...

Read more »

Get vaccinated, get a discount, offers Reliance General Insurance

For inoculated customers, additional, one-time, 5 per cent discount on Reliance Health Infinity policy from Business Line - Money & Banking https://ift.tt/3h4FX...

Read more »

Will continue to be MD & CEO of bank till Dec 2023: Uday Kotak

The comments from Kotak came after the Reserve Bank of India (RBI) issued guidelines that the MD and CEO of a private bank cannot have a tenure of more than 15 years. RBI had earlier approved the re-appointment of Uday Kotak as MD & CEO of Kotak Mahindra Bank for three years in December 2020. from Banking & Finance – The Financial Express https://ift.tt/3eePE...

Read more »

Kotak Mahindra Bank net jumps 33% to Rs 1,682 crore

Uday Kotak, MD and CEO, said, “I hope the Covid-19 situation is short lived and it will be like the UK, where it sharply went up and then came down sharply too.” from Banking & Finance – The Financial Express https://ift.tt/3nJ5z...

Read more »

New Deputy Governor Rabi Sankar to oversee functioning of 8 departments at RBI

Currency management, external investments & operations, and payment and settlement systems among departments he will oversee from Business Line - Money & Banking https://ift.tt/2Rjes...

Read more »

RBI top brass meets NBFC-MFI chiefs to take stock of credit flows to borrowers

Also took assessment of current economic situation, and liquidity scenario from Business Line - Money & Banking https://ift.tt/3aZfz...

Read more »

RBI imposes ₹3 crore penalty on ICICI Bank

This is for not shifting securities from one category to another from Business Line - Money & Banking https://ift.tt/2QJO8...

Read more »

IDBI Bank mulls investing in NARCL

Large public sector and private sector banks will be investing in NARCL, says Rakesh Sharma, MD & CEO at IDBI Bank from Business Line - Money & Banking https://ift.tt/3uhvD...

Read more »

SBI Life Q4 net profit remains flat at ₹532 crore

AUM grew 38% to ₹2.2-lakh crore from Business Line - Money & Banking https://ift.tt/3nMpl...

Read more »

Kotak Mahindra Bank’s Q4 net jumps 33% to ₹1,682 crore

Bank did not make any Covid-19 related provisions in the fourth quarter from Business Line - Money & Banking https://ift.tt/3xKo3...

Read more »

RBI Governor meets MDs, CEOs of NBFC-Micro Finance institutions

In his opening remarks, the Governor recognised the important role of NBFC-MFIs in making credit accessible at the grassroots level. He also emphasised the supervisory expectations in terms of maintaining their business resilience and managing risks prudently. from Banking/Finance-Industry-Economic Times https://ift.tt/3ta7a...

Read more »

RBI imposes Rs 3 crore penalty on ICICI Bank

The RBI has imposed a monetary penalty of Rs 3 crore on ICICI Bank for "contravention of certain directions issued by the RBI contained in Master Circular on 'Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks' dated July 1, 2015", the central bank said in a statement. from Banking/Finance-Industry-Economic Times https://ift.tt/3gZem...

Read more »

SBI allocates ₹71 crore for Covid support initiatives

₹30 crore for setting up 1,000 bed makeshift hospitals for Covid-19 patients from Business Line - Money & Banking https://ift.tt/3teEf...

Read more »

Succession plan a continuous process, bank board to take call at opportune time: Uday Kotak

“The board and the bank are fully committed to long term stakeholder value and the bank as an institution will do whatever it takes to ensure that,” Kotak said. “The commitment to long term institution building is at the core of our values and we will do whatever necessary to maintain that.” from Banking/Finance-Industry-Economic Times https://ift.tt/3tkSz...

Read more »

Private sector banks fall behind in passing rate cut benefits to borrowers

The average fall in lending rates for banks such as Axis Bank, ICICI Bank, Federal Bank and DCB was about 22 basis points on fresh loans compared with RBI's 115 basis points reduction in the past year. A basis point is 0.01 percentage point. But the reduction of benchmark rates by state run banks such as the State Bank of India, Indian Overseas Bank was 120 basis points, data from the central bank shows. from Banking/Finance-Industry-Economic Times https://ift.tt/3e9V2...

Read more »

Airtel Payments Bank offers 6% per annum interest on deposits of over one lakh rupees

Announcing the higher interest rate on savings account deposits of over Rs 1 lakh, Anubrata Biswas, CEO of Airtel Payments Bank, said, "RBI's increased savings deposit ceiling is a major milestone for payments banks as this was a key ask from customers". from Banking/Finance-Industry-Economic Times https://ift.tt/337sn...

Read more »

Kotak Mahindra Bank Q4 net profit up 33%

For the full fiscal 2020-21, the lender’s standalone net profit increased by 17.11% to ₹6,964.84 crore versus from Business Line - Money & Banking https://ift.tt/3nFxj...

Read more »

Motilal Oswal PE buys minority stake in Fincare Small Finance Bank for about ₹185 crore

The deal provides partial exit to True North Fund V LLP, one of the key investors in the firm from Business Line - Money & Banking https://ift.tt/3eMFc...

Read more »

SBI allocates Rs 71 cr for fight against coronavirus

Among others, SBI has tied up with various hospitals for vaccination of its employees and their dependent family members. It will also bear the cost of inoculation. from Banking/Finance-Industry-Economic Times https://ift.tt/3nG5O...

Read more »

IDBI Bank’s Q4 net profit soars to ₹512 crore

Sees robust 37.5 per cent increase in net interest income from Business Line - Money & Banking https://ift.tt/2SoYn...

Read more »

Covid-19: Bankers favour a flexible loan revamp plan to help small borrowers

Earlier, FIDC had requested the RBI for restructuring stressed retail borrowers of NBFCs. from Business Line - Money & Banking https://ift.tt/3ef3w...

Read more »

May look at raising capital on economic recovery, credit offtake: Yes Bank chief

“Citi’s business offers a good potential, not only credit card but wealth and retail also.” from Business Line - Money & Banking https://ift.tt/3aXaA...

Read more »

ICAI to move RBI for tweaking of bank auditor appointment norms

Wants the cooling off period retained; suggests central bank setting minimum number of auditors from Business Line - Money & Banking https://ift.tt/2RjDS...

Read more »

Lenders brace for deterioration in asset quality metrics

While payment rejection rates were back to January levels, they are expected to rise further in May, lenders told ET. Collection ratios will be hit by another 5-10% in the month as fresh Covid-19 infections continue to ravage the country. from Banking/Finance-Industry-Economic Times https://ift.tt/3td3v...

Read more »

Yes Bank says no to National Asset Reconstruction Company, says will pursue own NPA aggregator

At the same time the bank is still pursuing its objective of a majority owned asset reconstruction company (ARC) and is waiting for the new set of guidelines from the Reserve Bank of India (RBI) said CEO Prashant Kumar said. RBI has refused Yes Bank permission to hold a majority stake in an ARC citing conflict of interest. from Banking/Finance-Industry-Economic Times https://ift.tt/3vyPu...

Read more »

Yes Bank rescue happened in nick of time before pandemic struck, happy with progress: CEO Prashant Kumar

Speaking for the first time about the journey since the RBI and the government moved in to bailout the lender seeing an exodus of deposits with a Rs 10,000-crore rescue act led by SBI, Kumar acknowledged that the thread was very slender and the timing was very apt. from Banking/Finance-Industry-Economic Times https://ift.tt/3vwVZ...

Read more »

Blackstone betting big on India-its most profitable market

For the American alternate investment management giant with close to USD 620 billion in AUMs globally, India is its most profitable market in terms of returns -- its seed investment of around USD 25 billion is worth over USD 50 billion at present, according to co-founder, chairman and chief executive Stephen A Schwarzman. from Banking/Finance-Industry-Economic Times https://ift.tt/2RmiN...

Read more »

We will be aggressive in loan growth, recoveries: YES Bank CEO and MD

It expects to grow the loan book by 15 per cent in 2021-22 from Business Line - Money & Banking https://ift.tt/3eKkr...

Read more »

RBI to strengthen risk-based supervision of banks, NBFCs

In case of UCBs and NBFCs, the Expression of Interest (EOI) for 'Consultant for Review of Supervisory Models' said the supervisory functions pertaining to commercial banks, UCBs and NBFCs are now integrated, with the objective of harmonising the supervisory approach based on the activities/size of the supervised entities (SEs). from Banking/Finance-Industry-Economic Times https://ift.tt/3eQAR...

Read more »

Distraught depositors want PMC Bank revived soon

In desperate need of money to ride out Covid wave two from Business Line - Money & Banking https://ift.tt/3t6kq...

Read more »

Will try to keep soft interest rate regime as long as possible: SBI chief

“We can wait and watch for some more time before making any comment on impact of lockdown on economy and NPA situation” from Business Line - Money & Banking https://ift.tt/333Nx...

Read more »

Will try to keep soft interest rate regime as long as possible: SBI chief

Speaking about various initiatives of the country's largest lender, Khara said, SBI has decided to set up makeshift hospitals with ICU facilities for COVID-19 patients in some of the worst affected states. from Banking/Finance-Industry-Economic Times https://ift.tt/2RkgS...

Read more »

T Rabi Sankar appointed RBI Deputy Governor

He succeeds BP Kanungo, who retired on April 2 from Business Line - Money & Banking https://ift.tt/3vFnY...

Read more »