George Mathew

Bank Board Bureau begins selection of Managing Directors of PSU Banks

Former ED of a PSU bank, shunted out for dubious Dubai jewellery loan, also in race for top position.

Bank Board Bureau, BBB Selection, Bank Board Bureau MD selection, Public Sector banks News

P-Notes: An attempt to lift the veil, establish investors’ identity

Some of the money coming into the market through P-notes could be the unaccounted wealth camouflaged under the guise of foreign institutional investor (FII) investment. SIT report said obtaining information on “beneficial o

Markets News

Housing loan: Lenders at home in bad credit market

Home loan outstandings jump 18.8% to Rs 7,46,800 crore; retail loans are the flavour of the season.

Real estate News

LIC MD post: Finance Ministry proposes, PMO disposes

The PMO has objected to the way the MoF selected Sunita Sharma to fill up a post which fell vacant in May 2014.

LIC News

Use us to tap China market, consider listing: Hong Kong to India Inc

A senior official of the Hong Kong Stock Exchange said that some Indian companies are likely to list their companies on the exchange, which is the world’s largest IPO market where global companies raised $33.94 billion in 2

India Inc- Hong Kong bourse News

$1 billion was sent overseas for students in last nine months: RBI

The figures released by the RBI shows that outward remittances under the Liberalised Remittances Scheme (LRS) have surged by close to 200 per cent over last year.

rbi News

200% increase in outward remittances

Indians are now spending more money abroad, with figures released by the Reserve Bank of India showing that outward remittances under the Liberalised Remittances Scheme...

200% increase in outward remittances

Bad loans write-off: Debt defaulters list doubled, their dues tripled in last three years

Cibil: 6,819 wilful defaulters owed Rs 74,699 cr to banks until December 2015

rbi, bad loan News

Rate cut: Ball now in RBI’s court

The stage has been set now for the Reserve Bank of India to lower interest rates sharply though the market has already factored in a 25 basis point cut at the upcoming policy review in April.

Banking & Finance News

IRDA okay with LIC investment in public sector banks

According to an official, the regulator did not find anything wrong with its investment pattern in PSU banks. Earlier, the RBI had expressed concern over LIC making huge investments in PSU banks, saying it can “affect the f

public sector banks News

Budget 2016: 304 plans worth Rs 12,75,877 crore stuck; stalled projects continue to haunt policymakers

Top 100 delayed projects, mostly in power, steel, railways and petroleum sectors, account for investments worth Rs 10,41,281 crore

Infrastructure growth News

Write-offs a scam, small loans rarely in it, says former RBI Deputy Governor

Banks are planning to write off more bad loans in the current year, and this could be Rs 52,227 crore, similar to the quantum written off in 2014-15.

Reserve Bank of India News

Facts dispute claims by banks: write-off gallops, recovery crawls

In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs

Reserve Bank of India News

Net bad assets of govt banks a third of their net worth

In response to an RTI query by The Indian Express, the Reserve Bank of India disclosed that 29 public sector banks wrote off a combined Rs 1.14 lakh crore of bad debt between 2013 and 2015.

rbi News

RBI monetary policy: Sharp rise in short-term rates could pose a challenge for Rajan

While analysts largely expect the RBI to hold the repo rates till the Union Budget announcement, they anticipate the RBI to provide indications about open market operations (OMO) to boost liquidity.

Banking & Finance News

Tackling NPAs: RBI not in favour of giving special status to NAMCO

The Reserve Bank of India (RBI) is against giving any special dispensation to the proposed National Asset Management Company (NAMCO) to tackle the growing menace of non-performing assets (NPAs) of the banking sector.

rbi, bad loan News

Saving the money: The savers’ dilemma

As bank FD rates have fallen and small saving rates are set to decline, will the FM compensate the savers in the Union Budget?

Investment tip: SIP News

MoF asks PSU banks to focus on niche areas, infra sharing

The Ministry of Finance (MoF) is keen that public sector banks should carve out a niche in some specific banking sectors and also share the infrastructure.

public sector banks News

Raghuram Rajan sets new rules for a faster, transparent rate transmission

Even though the RBI slashed the base rate by 125 bps within a span of less than a year, the banks haven’t been able to fully pass on the benefits to borrowers, thereby forcing the central bank to switch to a new mechanism o

rbi raghuram rajan News

Govt’s job creation programme hit by slow bank funding

Scheme plagued by slow pace of bank sanctions and delay in disbursement of margin money.

Economy News

New investment norms: IRDA may bring clarity on instruments, procedures

Timing crucial as pressure builds on insurers to invest in tier-I bonds of banks

irda investment guidelines, newInvestment norms, News

Bad loans by public sector banks soar 27 per cent in a year

The banks with a major share in bad loans include Bank of India, Bank of Baroda, Indian Overseas Bank, SBI and Punjab National Bank.

banks bad loan News

13/11 Paris attack may push more Indian firms to go for terror cover

Officials said that the Indian Market Terrorism Risk Insurance Pool, formed as an initiative by all the non-life insurance firms in India in April 2002, is adequate to tackle any eventuality.

Paris attack News

Probe into ‘illegal’ forex remittances hit by Hong Kong privacy laws

As Hong Kong laws prohibit banks from sharing info, probe by agencies is unlikely to yield results.

bank of baroda scam News

Be cautious while investing in schemes which are not rated

On October 19, the Securities and Exchange Board of India (Sebi) ordered Newland Agro Industries Ltd not to, directly or indirectly, access the capital market by issuing prospectus, offer document or advertisement soliciting

capital gain, capital asset, long term capital gains, short term capital gains News

Insurance broker Aon BV to exit India, cites ‘regulatory changes’

The Dutch firm which holds 26 per cent stake in Aon Global Insurance Brokers Pvt Ltd has informed the authorities about its plan to exit from the venture through a formal communication.

Life insurance - NPS News

Insurance FDI hike has to be at fair, reasonable price: Rahul Bajaj

Bajaj group chairman Rahul Bajaj has indicated his desire to allow the insurance partner Allianz of Germany to hike stake in their joint ventures at a “fair and reasonable price” as per the Reserve Bank guidelines and Ins

Rahul Bajaj News
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