Inditrade Capital sees sharp growth in digital lending

Expects agri, micro-finance to double

from Business Line - Money & Banking https://ift.tt/2rPn77X

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Bank deposits to get doubly safer: This clause in FRDI bill is music to the ears of depositors

The latest move comes at a time when fraud-hit Punjab and Maharashtra Co-operative Bank is facing a grave crisis and customers have been demanding their entire money back, apart from lifting the daily withdrawal curbs.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/355iEMO

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IBC may have to be tweaked: SBI, government plan priority status for real estate AIF

India’s largest lender SBI and its arm SBI Capital Markets, which is playing a key role in setting up the fund, have started reaching out to other banks and financial institutions to participate in the AIF — a regulatory parlance for privately pooled vehicles such as venture capital, private equity, and real estate funds. A bank can invest up to 10% of the corpus of an AIF.

from Banking/Finance-Industry-Economic Times https://ift.tt/35auyVF

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PMC Bank scam: EOW conducts search at Rajneet Singh’s flat

"After producing Singh in the court, a team of around four officials took him to his flat in Karmashetra Building in Sion Koliwada area and conducted a search there. They were there for over an hour. Singh's family members were asked to wait outside the building during the search," an EOW official said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2qYgK1O

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Bank of India, Indian Overseas Bank NPA divergences widen losses for FY19

Chennai-headquartered Indian Overseas Bank has reported a net non-performing asset (NPA) divergence of Rs 358 crore for 2018-19, due to which the divergence in provisioning came in at Rs 2,208 crore, according to a regulatory filing by the bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ktkhw4

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