Banking & Finance ‘Will rework distribution commission in H2,’ Niraj Shah, executive director and CFO, HDFC Life Banking & Finance
Yes Bank stake sale hits RBI roadblock; Regulator unwilling to let a foreign institution own majority stake
Suryoday in no hurry to apply for a banking license Babu said Suryoday SFB currently has excess PSL on its book in each loan segment and thus faces no challenges… By Piyush ShuklaAugust 24, 2023 01:00 IST
IIFL Home Finance to focus on growth in smaller cities: CEO Ratra says these fresh funds would be used to grow the HFC’s affordable home loan portfolio. By Piyush ShuklaAugust 23, 2023 01:15 IST
Kotak Bank targets 100K user base for arm Fyn by FY24-end It is a one stop digital platform that takes care of all business banking needs of corporate customers such as… By Sajan C KumarAugust 23, 2023 01:00 IST
SBI Funds completes liquidation of assets in Franklin Templeton MF’s six debt schemes The company was directed by the Supreme Court in 2021 to undertake the exercise of disbursement and liquidation of assets… By PTIAugust 22, 2023 15:24 IST
IndusInd Bank launches ‘NRI homecoming festival’ for its NRI customers in Kerala The initiatives are in alignment with the fact that Onam festival sees a huge number of NRIs from the Gulf… By FE BusinessAugust 22, 2023 12:36 IST
India’s banking system liquidity slips into deficit first time in FY24 Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI… By ReutersAugust 22, 2023 10:37 IST
SBI Funds Management turns to cash on bets RBI will hike rates SBI Funds Management Pvt. has been trimming the duration of its portfolio since May and wants to keep the cash… By BloombergAugust 22, 2023 10:37 IST
HDFC wants to ride India consumer boom after home loan dominance HDFC Bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the… By BloombergAugust 21, 2023 12:14 IST
Citi considers plan to split Institutional Clients Group in overhaul The plan would split the Institutional Clients Group into its three primary business segments: investment and corporate banking, global markets… By ReutersAugust 21, 2023 10:55 IST
Lenders can’t compound penal interest, says RBI In the circular, RBI issued various instructions to lenders on the basis of a review of practices for penal interest,… By Ajay RamanathanAugust 19, 2023 05:30 IST
City Union Bank explores co-lending in gold, vehicle & housing loans, in talks with gold loan cos, NBFCs The bank has initiated preliminary discussions with gold loan companies whose main areas of operation is predominantly non-Tamil Nadu and… By Sajan C KumarAugust 19, 2023 05:25 IST
UCO Bank eyes at least 15% growth in operating profit for FY24 State-run UCO Bank on Friday said it expects its operating profit for this financial year to rise at least 15%… By Mithun DasguptaAugust 19, 2023 00:40 IST
Axis Bank faces Rs 40 lakh fine from CCI for failure to notify stake acquisition in CSC e-Governance For the transaction, Axis Bank was required to give notice to the fair trade regulator. However, it failed to do… By PTIAugust 18, 2023 19:35 IST
RBI issues revised guidelines for IDF-NBFCs Besides, they should have a capital-to-risk weighted assets ratio (CRAR) of minimum 15 per cent (with minimum Tier 1 capital… By PTIAugust 18, 2023 15:53 IST
RBI bars banks from levying penal interest, allows them to impose ‘reasonable’ penal charges The banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024,… By PTIAugust 18, 2023 11:10 IST
Spike in inflation: RBI calls for reforms in perishables supply chain The RBI’s monetary policy committee earlier this month hiked its inflation forecast for current fiscal by 30 bps to 5.4%… By Piyush ShuklaAugust 18, 2023 05:00 IST
High cost of funds, rapid growth stay concerns for SFBs RBI issued guidelines for small finance banks in November 2014, with an aim to provide financial assistance to the under-served… By Ajay RamanathanAugust 18, 2023 04:50 IST
HDFC Bank Group launches AMC, life insurance services at GIFT City HDFC AMC International (IFSC) will also provide portfolio management services to eligible global institutional investors. By FE BureauAugust 18, 2023 04:40 IST
G20 Summit: ‘This is particularly special,’ says PM Modi as he departs for South Africa, Trump to skip
Godrej Properties acquires 75-acre land parcel in Nagpur; surpasses Rs 20,000 crore FY26 business development target
