Kerala Financial Corporation to lend at 8%, the lowest ever

Announces special loans of ₹1,600 crore to be disbursed in the next three months

from Business Line - Money & Banking https://ift.tt/34ZP2TI

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Large public-sector banks hire ex-bankers, defence personnel to lower operational costs

The outbreak of the pandemic has forced banks to seek the services of experienced personnel in operational roles, as they go beyond the long-standing practice of appointing former central bankers and bureaucrats as board members or in other strategic positions.

from Banking & Finance – The Financial Express https://ift.tt/2Mou629

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63 moons moves NCLT seeking recovery for DHFL creditors

“The benefit of avoidance applications for approximately Rs 30,000 crore filed by DHFL administrator under section 66 of Insolvency and Bankruptcy Code (IBC) should come to CoC, including NCD holders, who are the actual sufferers of the default,” 63 moons said in a release.

from Banking & Finance – The Financial Express https://ift.tt/352tfL4

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South Indian Bank plans to raise Rs 750 crore to strengthen balance sheet

Under the new plan ‘Vision 2024’, the bank aims to reach a loan book of Rs 1 lakh crore, CASA mix of 35%, PCR of over 65% and NIM of 3.5% by 2024. The plan includes vertical structure for assets business and data analytics team to play a critical role in business and collections.

from Banking & Finance – The Financial Express https://ift.tt/3n63dN3

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PNB extends festival offer till March

The promotional scheme has been rechristened now as 'PNB NEW YEAR BONANZA-2021', the bank said in a statement.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pEmNl4

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