7:12 PM
Blogger
4:12 PM
Blogger
4:14 AM
Blogger
12:14 AM
Blogger
11:12 PM
Blogger
10:12 PM
Blogger
10:05 PM
Blogger
Conserving cash is the immediate objective for most microfinance firms now with average collections dwindling to about 65%, making loan disbursements to grassroots borrowers their secondary goal.
9:12 PM
Blogger
8:12 PM
Blogger
8:12 PM
Blogger
8:05 PM
Blogger
In a letter to the IBA, the union said it has been observed that even though the number of people infected under the second wave is increasing, the toll in the banking sector is much higher and also deaths.
7:12 PM
Blogger
6:12 PM
Blogger
5:05 PM
Blogger
After setting aside all the prescribed provision, the RBI board approved the transfer of Rs 99,122 crore as surplus to the Central Government for the accounting period of nine months ended March 31, 2021, while deciding to maintain the Contingency Risk Buffer at 5.50% at the lower end of the range of 5.5-6 per cent prescribed by the Jalan committee which reviewed RBI's economic capital framework. This is 73.5 higher than Rs 57128 crore surplus transfer made in FY'20.
4:12 PM
Blogger
3:12 PM
Blogger
3:12 PM
Blogger
2:05 PM
Blogger
Bankers are also hoping that the apex court's order clarifies important points like permission to attach personal assets of promoters even after a company has gone into liquidation.
1:05 PM
Blogger
The top court upheld the legal validity of the country’s law that allowed lenders to drag them into bankruptcy court. The two-judge panel headed by Justice L. Nageswara Rao said petitions challenging the law are dismissed.
10:12 AM
Blogger
9:14 AM
Blogger
8:14 AM
Blogger
8:05 AM
Blogger
Unions had strongly opposed linking their salaries to the performance of the bank. Their position was that the financial performance depends on the government policies over which they have no control.
6:14 AM
Blogger
5:14 AM
Blogger
3:14 AM
Blogger
2:14 AM
Blogger
11:05 PM
Blogger
"Total foreign investment in an Indian insurance company shall mean the sum total of direct and indirect foreign investment by foreign investors in such company, calculated in such manner as is specified in regulations made by the Authority (IRDAI) with regard to registration of Indian insurance companies," it said.
10:12 PM
Blogger
10:05 PM
Blogger
A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention of/non-compliance with certain provisions contained in the RBI (Lending to Micro, Small & Medium Enterprises (MSME) Sector) Directions, 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture – Agricultural Loans – Waiver of Margin/Security Requirements.
9:12 PM
Blogger
9:12 PM
Blogger
8:12 PM
Blogger
7:05 PM
Blogger
The Delhi High Court on Thursday directed the State Bank of India (SBI) to ensure it opens FCRA accounts for NGOs within 10 days of receiving approval from the Centre.
6:12 PM
Blogger
6:05 PM
Blogger
Last year, the Indian Banks' Association (IBA) had made a proposal for the creation of a bad bank for swift resolution of non-performing assets (NPAs). The government accepted the proposal and decided to go for asset reconstruction company (ARC) and asset management company (AMC) model for this.
4:12 PM
Blogger
4:12 PM
Blogger
2:12 PM
Blogger
11:12 PM
Blogger
11:05 PM
Blogger
Bajaj Allianz Life on Wednesday said it will offer financial support of up to Rs 1 crore to the family of its employees impacted by COVID-19. It will also extend the educational assistance to children, among others, to help the impacted families navigate through the pandemic.
11:05 PM
Blogger
In a video conference with RBI governor Shaktikanta Das CEOs of all 12 public sector banks were unanimous in their request for a second round of restructuring as the second wave of the Covid 19 pandemic has hit both lives and livelihoods more severely.
10:12 PM
Blogger
10:12 PM
Blogger
9:12 PM
Blogger
9:12 PM
Blogger
7:05 PM
Blogger
"He impressed upon the banks to quickly implement the measures announced by RBI recently in the right earnest. He also urged the banks to continue focussing on steps to enhance the resilience of their balance sheets," the RBI said in a statement post the meeting held over video conference.
5:12 PM
Blogger
5:05 PM
Blogger
The USD 1 billion KSSF is managed by Kotak Investment Advisors, which focuses on alternate assets business, and this funding and resolution of debt is the fund's first bet on the road sector.
4:12 PM
Blogger
4:05 PM
Blogger
DHFL went bankrupt with more than Rs. 90,000 crores in debt to various lenders including banks, mutual funds and individual investors who kept fixed deposits with the company.
4:05 PM
Blogger
"As things stand right now, we do expect things to start normalising from July onwards and get three clear quarters in the year."
3:12 PM
Blogger
2:12 PM
Blogger
2:12 PM
Blogger
1:05 PM
Blogger
"Overall, taking into consideration the present pandemic situation, the balance sheet is very strong."
9:12 AM
Blogger
6:14 AM
Blogger
11:12 PM
Blogger
9:05 PM
Blogger
Bank of Baroda requires services of marketing agencies for overall digital marketing strategy, improving effectiveness of digital eco system, suggesting ideas as per requirement of the bank and well as doing analytics in the digital space among others, the bank said.
8:12 PM
Blogger
8:12 PM
Blogger
5:12 PM
Blogger
5:05 PM
Blogger
The facilities, which also cover personnel handling global back office work, include reimbursements of up to Rs 2.5 lakh if an employee were to be admitted in an intensive care unit, interest free salary advance of up to six months' gross pay to cover medical expenses, and also paying four-times annual salary to the next of kin of a deceased employee, a statement said.
4:12 PM
Blogger
11:12 AM
Blogger
6:14 AM
Blogger
6:14 AM
Blogger
2:14 AM
Blogger
1:14 AM
Blogger
1:14 AM
Blogger
11:12 PM
Blogger
10:12 PM
Blogger
10:05 PM
Blogger
Among sectors NBFCs lend to, industrial sector, particularly micro and small and large industries, were the hardest hit by the pandemic as they posted decline in credit growth. However, NBFCs in the retail loan sector stayed ahead of the curve aided by their relatively low delinquency.
9:12 PM
Blogger
8:12 PM
Blogger
5:12 PM
Blogger
5:05 PM
Blogger
The initiative is being rolled out across Bajaj Finserv and its companies -- Bajaj Finance, Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, Bajaj Housing Finance, Bajaj Finserv Health, Bajaj Financial Securities, Bajaj Finserv Markets and Bajaj Holdings & Investment. It will be effective retrospectively from April 1, 2020.
5:05 PM
Blogger
The funds will be utilised to procure critical medical supplies, oxygen concentrators, and ICU equipment in Mumbai, Pune, New Delhi and Bengaluru, the Swiss brokerage said in a note on Monday.
4:12 PM
Blogger
4:12 PM
Blogger
4:12 PM
Blogger
3:12 PM
Blogger
11:05 AM
Blogger
As of March 31, non-life companies including health insurers received 9.8 lakh claims for Rs 14,560 crore for treatment of Covid-19. This went up to 14.8 lakh as of May 14, 2021, for a total value of Rs 22,955 crore.
10:12 AM
Blogger
9:12 AM
Blogger
4:14 AM
Blogger
11:12 PM
Blogger
6:12 PM
Blogger
6:05 PM
Blogger
During the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and operate within a laid down framework, should not come under the purview of the state-level Act.
5:12 PM
Blogger
5:12 PM
Blogger
2:05 PM
Blogger
Once the Bill becomes the law, it will provide immediate relief to thousands of depositors who had their money parked in stressed lenders such as PMC Bank and other small cooperative banks.
1:12 PM
Blogger
1:05 PM
Blogger
In terms of the bank's policy on sale of financial assets, in line with regulatory guidelines, SBI said it has placed Heavy Metal and Tubes Ltd, Khare and Tarkunde Infrastructure Pvt Ltd and Elize International Ltd for sale to recover a total of Rs 235.32 crore.
RSS Feed
Twitter
