Banking & Finance ‘MCLR-linked loans to account for 54% of our book by year-end,’ Ajay Kumar MD and CEO Indian Overseas Bank Banking & Finance
Customer centricity not an ‘option’ but ‘necessity’, says RBI DG Swaminathan RBI noticed some banks classifying certain complaints as queries, resulting in understating of core problem. By FE BureauSeptember 26, 2023 05:30 IST
Navadhan creating new wealth for rural-preneurs In the heartlands of India, where innovation often meets necessity, Navadhan Capital is connecting small rural businesses with financial resources. By Sudhir ChowdharySeptember 26, 2023 05:15 IST
Large banks continue to be bullish on personal loans Indian banks’ loan growth in FY23 reached 15.4%, the highest in over a decade. By Piyush ShuklaSeptember 26, 2023 00:05 IST
RBI imposes restrictions on Ahmedabad-based Colour Merchants Co-op Bank The restrictions, imposed in the form of ‘directions’, have come into effect with the close of business on September 25,… By PTISeptember 25, 2023 20:03 IST
RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank A monetary penalty of Rs 1 crore on Punjab & Sind Bank was slapped for non-compliance with certain provisions of… By PTISeptember 25, 2023 18:57 IST
Protecting depositor money sacred duty for a banker, more important than praying at temple or gurdwara: Shaktikanta Das He said the task is more important because the entire banking system runs on deposits, which are accumulated from small… By PTISeptember 25, 2023 18:26 IST
Listed firms, banks to raise over Rs 18,000 crore today and tomorrow Total set to go over Rs 50,000 crore in September — the third time since the beginning of FY24 By Piyush ShuklaSeptember 25, 2023 05:15 IST
Parent may infuse capital in first half of 2024 in Shriram Housing Shriram Housing is a subsidiary of Shriram Finance. By Ajay RamanathanSeptember 25, 2023 01:00 IST
FM meets G20 expert group on strengthening of Multilateral Development Banks The G20 Independent Expert Group (IEG) is co-convened by former American treasury secretary Lawrence Summers and ex-chairman of the 15th… By PTISeptember 23, 2023 20:52 IST
RBI says PTC India Financial deviated from loan sanction norms The Risk Assessment Report and the Inspection Report on the company as of March 31, 2022 was sent to the… By FE BureauSeptember 23, 2023 01:45 IST
Muthoot Finance to raise Rs 700 cr via secured NCDs The secured NCDs proposed to be issued under this issue have been rated AA plus (stable) by ICRA. This rating… By FE BureauSeptember 23, 2023 00:30 IST
ADB appoints Bhargav Dasgupta as Vice-President for market solutions An alumnus of Indian Institute of Management Bangalore, Dasgupta replaces Ashok Lavasa, former Finance Secretary and Election Commissioner of India. By PTISeptember 22, 2023 16:30 IST
Why Adani’s grip on banks is tighter than his hold on markets Adani firms have been under the spotlight for everything from alleged breaches of minimum public-shareholding norms, related-party dealings and potential… By BloombergSeptember 22, 2023 10:47 IST
RBI wilful defaulter norms set to change Once an account is identified as defaulting wilfully, banks should not grant additional credit it till a year after the… By Ajay RamanathanSeptember 22, 2023 05:30 IST
Liquidity deficit in banking system to continue in near term, say experts Liquidity in the banking system liquidity is likely to remain in a deficit mode in the near term, which could… By FE BureauSeptember 22, 2023 04:30 IST
HDFC Bank launches three digital payment products on UPI HDFC Bank has launched three digital payment products on unified payment interface (UPI). By FE BureauSeptember 21, 2023 03:45 IST
Banks’ reluctance to offload assets, other issues halt NARCL’s progress In 2021, the government announced the formation of NARCL, a state-backed bad bank. It would pick up bad loans from… By Ajay RamanathanSeptember 21, 2023 02:30 IST
‘Growing urbanisation will make new verticals profitable’ Gold loan major Manappuram Finance made impressive gains in both profitability and AUM in first quarter of FY24 while making… By Sajan C KumarSeptember 21, 2023 00:30 IST
