Banking & Finance ED advances probe against former UCO Bank Chairman; attaches properties worth Rs 106 crore: Report Banking & Finance
HDFC Bank advises customers to avoids NEFT transfers on April 1; Check out other banks-related notifications for today
RBI governor meets MD & CEOs of public, private sector bank, urges them to fortify against digital frauds
ED attaches assets worth 205 cr of ex-chairman of TMB, others MGM Maran was the chairman TMB during 2007, when he, along with other directors / officials of the TMB, had… By FE BureauDecember 27, 2022 04:30 IST
Chanda Kochhar’s fall from grace: From Padma Bhushan to prison On the other are six cases in a cash-for-loan scam and, of course, the ignominy of being arrested. By Shashank DidmisheDecember 27, 2022 02:00 IST
Active credit cards number rises 20% in November The RBI had issued directions to banks to deactivate credit cards which were inactive for 365 days. Banks have started… By FE BureauDecember 27, 2022 01:45 IST
Chanda Kochhar, husband in CBI custody till Monday Chanda Kochhar and Deepak Kochhar were arrested on Friday by the investigative agency in Delhi and produced before a special… By Shashank DidmisheDecember 25, 2022 06:10 IST
Chanda Kochhar Videocon loan case EXPLAINED: Here’s what led to arrest of former ICICI Bank MD-CEO Chanda Kochhar and her husband Deepak Kochhar were produced before the Mumbai special court by the CBI on December 24… By Yash Sadhak ShrivastavaUpdated: December 24, 2022 15:54 IST
HDFC receives $400-million loan for green finance On an assets under management (AUM) basis, the company’s individual loan book, which constitutes 81% of total AUM, grew 20%… By FE BureauDecember 24, 2022 05:00 IST
NBFCs outscore PSBs in NPA-prone education loans In September 2020, the RBI increased the threshold for education loan under priority sector lending to Rs 20 lakh from… By Ajay RamanathanDecember 24, 2022 02:15 IST
MFIs shrug off asset quality concerns Since adequate loan loss reserves have already been created by MFIs, write-offs would not affect the sustainability of the institutions,… By Ajay RamanathanDecember 24, 2022 00:50 IST
Finance Ministry asks banks not to use unethical practices to sell insurance policies There have been instances where life insurance policies were sold to customers aged above 75 years in Tier II-III cities.… By PTIUpdated: December 23, 2022 14:45 IST
Razorpay likely to submit audit report to RBI by this week Last week, the RBI had asked Razorpay to pause on-boarding new customers for its payment processing business. The central bank… By Ajay RamanathanDecember 23, 2022 05:50 IST
Banks’ tech play gets stronger Increased focus on hiring IT professionals to bring in operational efficiencies and protect critical data By Shashank DidmisheDecember 23, 2022 01:15 IST
Shriram Finance lines up supply chain funding, education loan products Y S Chakravarti, MD & CEO, Shriram Finance, told FE that the supply chain funding product would help the anchor, such as… By Sajan C KumarDecember 23, 2022 00:45 IST
Aim to hit $1-bn AUM in 6 months: KreditBee CEO KreditBee launched working capital loans for SMEs earlier this month. The ticket size of the unsecured loans in this category… By Ajay RamanathanDecember 22, 2022 01:50 IST
Bandhan receives Rs 801-cr binding bid for sale of stressed assets The bank shall go for bidding as per the Swiss challenge method and decision of sale shall be taken as… By Mithun DasguptaDecember 22, 2022 00:05 IST
‘Capex demand will come from 5G ecosystem, renewables and EVs’? Rajiv Anand, deputy managing director, Axis Bank, tells Shashank Didmishe and Joydeep Ghosh that going forward, there will be capex demand from the 5G… By Shashank DidmisheDecember 21, 2022 07:24 IST
RBI’s forward dollar outstanding at $241 million The smaller dollar balances in the net forward book are the result of the central bank taking delivery of its… By FE BureauDecember 21, 2022 02:15 IST
IDBI Bank buyer to get tax relief on LIC stake The provisions of Section 56(2)(x) of the Income Tax Act provide for taxing the difference if the off-market price at… By Prasanta SahuDecember 21, 2022 01:20 IST
RBI finds divergence of Rs 259 cr NPAs in CUB for FY22 According to the lender, RBI conducted the on-site inspection for supervisory evaluation for FY22 from October 7 to November 18… By Sajan C KumarDecember 21, 2022 01:00 IST
India’s Fiscal Deficit reaches 38.1 per cent of FY26 target; April-August deficit at Rs 5.98 lakh crore
