Banking & Finance Bajaj Finance Q1 results: Profit jumps 21%, NII at Rs 10,227 crore Banking & Finance
RBI governor meets MD & CEOs of public, private sector bank, urges them to fortify against digital frauds
Credit growth trajectory to slow down to 12-14% over FY25-27E, LDR to drop as well, says Emkay Institutional Equities
HDFC raises prime lending rate by 35 bps The latest increase in home loan rates comes after the Reserve Bank of India (RBI) increased the repo rate by… By FE BureauDecember 20, 2022 02:00 IST
Banks wrote off Rs 10 lakh crore loans in last 5 years, but all is not lost, FM Sitharaman tells Parliament According to Reserve Bank of India (RBI) data, public sector banks have recovered Rs 4,80,111 crore, including Rs 1,03,045 crore… By PTIUpdated: December 19, 2022 14:36 IST
HDFC Bank targets issuing one million credit cards a month The bank wants to double the current pace of half a million new credit card issuances every month, according to… By BloombergDecember 19, 2022 11:50 IST
Lenders want only NPAs to be covered: Banks to seek easier provisioning norms To free up capital, give lending a boost By Banikinkar PattanayakDecember 19, 2022 05:45 IST
Future of banking: A metaverse bank, on your browser soon Easiofy is building virtual banks manned by multilingual avatars By Banasree PurkayasthaUpdated: December 20, 2022 17:05 IST
Govt to amend insolvency law to reduce time taken for resolution process Amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets,… By PTIDecember 18, 2022 15:49 IST
IDFC First Bank announces waiver of charges on customer-centric services On the occasion of its Foundation Day on 18th December, IDFC First Bank has announced ‘Zero-fee banking’ on savings accounts,… By PTIDecember 17, 2022 18:38 IST
Yes Bank assigns Rs 48,000 cr stressed asset loan portfolio to JC Flowers ARC The bank had earlier declared JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) as the winner of the Swiss… By PTIDecember 17, 2022 16:24 IST
Kotak Bank may further hike FD rate Kotak Mahindra Bank may evaluate a further hike in its fixed deposit (FD) rate if prevailing market conditions are conducive,… By Ajay RamanathanDecember 17, 2022 09:31 IST
RBI asks Razorpay to pause onboarding merchants According to one of the sources, Razorpay will likely submit a report to the RBI early next week and once… By Tushar GoenkaDecember 17, 2022 06:30 IST
NBFCs’ asset quality to improve further: Bankers Going ahead, the impact of higher interest rates on the asset quality of these lenders will be a key monitorable,… By Ajay RamanathanDecember 17, 2022 05:15 IST
Bank credit rises 17.9%; deposits up 9.8% Although the personal loan and services segments continue to lead growth in loans, credit to the industry has also touched… By Shashank DidmisheDecember 17, 2022 04:00 IST
Muthoot Finance bets big on digital The average value collected per day through digital transactions stood at Rs 20 crore. By FE BureauDecember 17, 2022 03:15 IST
Goldman Sachs to cut thousands of employees – source Global banks, including Morgan Stanley and Citigroup Inc, have reduced their workforce in recent months as a dealmaking boom on… By ReutersDecember 16, 2022 21:36 IST
Coordinated efforts taken to contain Chinese loan apps: FM Nirmala Sitharaman in Rajya Sabha Earlier, raising the issue of illegal Chinese apps, Nadimul Haque of TMC said some 600 apps offer small loans without… By PTIDecember 16, 2022 16:59 IST
Banks raising rates in sync with policy – NBFCs’ borrowing costs to rise further: Analysts A large number of these shadow lenders cannot raise public deposits By Ajay RamanathanDecember 16, 2022 04:45 IST
Focusing on corporate loan book: South Indian Bank MD Murali Ramakrishnan As on September 30, large corporate loans still comprise the lion’s share of the bank’s overall loan book at 30%.… By Ajay RamanathanDecember 16, 2022 00:30 IST
NABARD officers to go on strike on Friday to press for wage related issues One of the allowances reduced is grade allowance which is paid as per the grade of an officer, the union… By PTIUpdated: December 20, 2022 15:56 IST
‘Zoho is free from Wall Street pressure,’ Sridhar Vembu says, hailing WhatsApp rival Arattai’s made-in-India triumph
