5:09 PM
Blogger
3:09 PM
Blogger
11:09 AM
Blogger
11:02 AM
Blogger
To buttress its charge that the fraud benefitted Avantha and Yes Bank, the agency referred to emails dated August 4, 2017, and August 8, 2017, purportedly sent by Thapar to Rana Kapoor, the then managing director and chief executive of Yes Bank.
5:11 AM
Blogger
1:02 AM
Blogger
Three state-owned lenders -- SBI, Union Bank of India and PNB -- had picked up over 12 per cent stake each in NARCL on Thursday.
11:02 PM
Blogger
For the first time, it is wooing such a large gathering at an international forum - DubaiExpo2020 - next week where representatives from more than 190 countries will participate. Two dedicated panel discussions will detail business opportunities in the GIFT City.
11:02 PM
Blogger
For fresh loans, HSBC, the British lender's local branches will offer lending at 6.70 per cent, which is at par with sector leaders like SBI and HDFC. Yes Bank also cut its rate to the same level in a review and is aiming for doubling the book size during the limited period offer.
9:09 PM
Blogger
9:09 PM
Blogger
9:09 PM
Blogger
6:09 PM
Blogger
6:09 PM
Blogger
6:09 PM
Blogger
3:09 PM
Blogger
2:09 PM
Blogger
1:02 PM
Blogger
Prior to taking charge as MD of LIC, Patnaik was the Secretary General, Council for Insurance Ombudsman, (CIO) Mumbai, the insurance behemoth said. Patnaik, joined as a Direct Recruit Officer in 1986. Currently, LIC has a chairman and four managing directors.
1:02 PM
Blogger
In November 2019, RBI had referred DHFL -- then the third-largest pure-play mortgage lender -- for resolution under the Code. DHFL had gone bankrupt with more than Rs 90,000 crore in debt to various lenders, including banks, mutual funds and individual investors who kept fixed deposits with the company.
12:02 PM
Blogger
Several businessmen and their accountants said refunds are taking time in cases where the amount is more than Rs 1 crore. This situation is pushing some businessmen to go for expensive loans, a chartered accountant said.
11:09 AM
Blogger
9:11 AM
Blogger
9:11 AM
Blogger
7:11 AM
Blogger
7:02 AM
Blogger
In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had affected operations. The group is now in discussions with banks to implement a restructuring scheme.
12:09 AM
Blogger
6:02 PM
Blogger
This collaboration will facilitate capacity building in insurance and risk management space for participants in GIFT City, according to a statement on Thursday.
5:09 PM
Blogger
5:09 PM
Blogger
5:09 PM
Blogger
5:09 PM
Blogger
4:02 PM
Blogger
The private sector life insurer said it has witnessed a notable six-times growth in its annualised AUM over the past 11 financial years.
4:02 PM
Blogger
On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021.
3:09 PM
Blogger
3:02 PM
Blogger
"This can be leveraged to make fintech hub," he said addressing, Global FinTech Fest, on Thursday.
1:09 PM
Blogger
12:09 PM
Blogger
12:09 PM
Blogger
12:09 PM
Blogger
10:09 AM
Blogger
9:11 AM
Blogger
8:11 AM
Blogger
8:02 AM
Blogger
There was already a tendency to slow down before the pandemic; so having come to pre- pandemic is positive but it is not good enough, says Dinesh Khara
7:02 AM
Blogger
New Delhi's various incentive schemes to boost manufacturing in the country and spending by state-run companies in augmenting capacities could spill over to other segments, says the SBI boss.
2:11 AM
Blogger
12:02 AM
Blogger
Tata AIA Life Insurance has extended online medical consultation through Practo to new eligible consumers of specified products. As part of the alliance, Tata AIA consumers can avail themselves of online medical consultations from verified doctors anywhere, anytime. The life insurer said the tie-up goes far beyond the traditional insurance approach that is limited to efficient claim settlement.
5:02 PM
Blogger
The drop is sharper for women at 63.8% than men at 62.4%, as per the ICICI Lombard data.
4:02 PM
Blogger
After the embargo on HDFC Bank was lifted last month, they have issued over 400,000 credit cards. This signifies the aggressive growth that the private lender has made since then. This record issuance is as of September 21, 2021. HDFC Bank was looking to get back to its pre-embargo run rate of 300,000 credit cards per month, which they had planned to achieve in the next 2-3 months. After that, they expected to hit 500,000 credit cards per month from February 2022
2:09 PM
Blogger
2:09 PM
Blogger
2:09 PM
Blogger
2:09 PM
Blogger
2:09 PM
Blogger
12:09 PM
Blogger
12:09 PM
Blogger
12:09 PM
Blogger
12:09 PM
Blogger
12:02 PM
Blogger
Lenders led by State Bank of India (SBI) are set to log recoveries of ?37,400 crore this week, as Piramal Capital and Housing Finance's (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told ET.
8:02 AM
Blogger
RBI regional offices can hand out approvals for increasing the cash holding limits, the person said. The central bank has embarked on a 'clean note policy', which includes retrieval and processing of banknotes received from currency chests and destruction of soiled banknotes in an automated manner.
7:02 AM
Blogger
The small finance bank is now formulating a strategy where it would offer its customers 5-7 transactions free per month when they use the ATM network of other banks to withdraw cash.
7:02 AM
Blogger
UPI platforms saw a 109% jump as consumers took to digital payments for daily essentials at local stores as well as premium purchases.
5:11 AM
Blogger
4:11 AM
Blogger
1:11 AM
Blogger
12:09 AM
Blogger
12:02 AM
Blogger
Star Housing Finance Ltd, a non-banking financial company, is active in rural areas of Rajasthan. It provides low-ticket housing finance to first-time homebuyers.
7:02 PM
Blogger
Without naming the Google and Equitas tie up to garner deposits, T Rabi Sankar, RBI deputy governor while speaking at the Global FinTech Fest also said that entities other than banks are not allowed to directly deal in deposits.
6:09 PM
Blogger
6:09 PM
Blogger
6:02 PM
Blogger
Addressing the fintech industry, the minister said the value of digital transactions jumped to Rs 6 lakh crore in January-August 2021 from Rs 4 lakh crore and Rs 2 lakh crore in 2020 and 2019, respectively.
6:02 PM
Blogger
As per the CBI, Rana Kapoor and his family members had allegedly received kickbacks of around Rs 600 crore for an investment of Rs 3,700 crore made by Yes Bank in DHFL’s debentures.
4:09 PM
Blogger
4:09 PM
Blogger
4:02 PM
Blogger
The three had approached the HC last week, challenging a special CBI court order of September 18 which refused them bail while noting that they had, prima facie, caused a loss of Rs 4,000 crore to the Yes Bank through illegal acts.
3:02 PM
Blogger
LIC is currently undergoing a valuation exercise for an IPO that could be India's biggest ever as the government seeks to raise around 900 billion Indian rupees by selling 5%-10% stake in the company by the end of the fiscal year that runs through March.
3:02 PM
Blogger
The country's largest public sector lender, State Bank of India (SBI) has released the guidelines adopted by the bank with regard to implementation of the Resolution Framework 2.0 for Covid19 related stress on its website.
2:09 PM
Blogger
2:02 PM
Blogger
The Reserve Bank Deputy Governor T Rabi Sankar said fintech holds promise to prevent frauds, which has become apparent as the pace of digital penetration has outstripped awareness. "... We need to concentrate and focus all our attention on minimising digital fraud... We need to up our guard against digital frauds and cyber crimes," Sankar stressed.
1:02 PM
Blogger
It could not be ascertained what was the glitch that was causing this issue, though a few users said the issue was going on since a “few hours.” It could not be ascertained how many ICICI Bank customers were impacted due to the downtime.
12:09 PM
Blogger
10:09 AM
Blogger
7:02 AM
Blogger
Using 'shell' companies to launder money or dodge tax will become tougher with a tribunal ruling last week shifting the 'burden of proof' from the income tax (I-T) department to the taxpayer dealing with such private entities which, though legal, simply serve as conduits for fund
7:02 AM
Blogger
Lenders led by State Bank of India (SBI) are set to log recoveries of ₹37,400 crore this week, as Piramal Capital and Housing Finance's (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told
2:11 AM
Blogger
2:11 AM
Blogger
12:09 AM
Blogger
9:10 PM
Blogger
9:02 PM
Blogger
The RBI said it had also issued a notice to the bank asking it to explain why a penalty should not be imposed on it.
7:09 PM
Blogger
7:09 PM
Blogger
6:11 PM
Blogger
6:02 PM
Blogger
This move by RBI can take growth in recurring payment mandates off the charts even though there might be disruptions in the short term, said Shashank Kumar, Razorpay chief technology officer and co-founder.
4:02 PM
Blogger
Mahajan joins the firm from Aavas Financiers where he served as the treasury head for almost two years. He has also worked with Edelweiss Group for almost eight years and has successfully managed borrowings and spearheaded multiple debt public issues.
3:09 PM
Blogger
3:09 PM
Blogger
3:09 PM
Blogger
3:09 PM
Blogger
2:02 PM
Blogger
In June, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan of Piramal Capital and Housing Finance Limited. However, the order was challenged by Wadhawan at the appellate tribunal.
1:09 PM
Blogger
1:09 PM
Blogger
12:11 PM
Blogger
12:09 PM
Blogger
10:09 AM
Blogger
10:02 AM
Blogger
9:02 AM
Blogger
Finance minister Nirmala Sitharaman said the IBA should digitalise and map banking presence in each districts and identify gaps, adding that she is not against digitalisation.
RSS Feed
Twitter
