Banks show improvement in asset quality: 77% banks reported decrease in NPA levels in last 6 months, says FICCI-IBA Bankers’ Survey
Interview| Interest rate cut will spur demand for home loans, says Girish Kousgi, MD and CEO, PNB Housing Finance
Banks must scale up investments in tech: MK Jain Several banks are already taking initiatives in big data analytics, but they need to build capacities in technology, analytical abilities… By FE BureauDecember 10, 2022 00:15 IST
RCap lenders finalise e-auction, base price at Rs 5,300 crore RCap’s lenders had taken the decision at their meeting held today. This is the first time an e-auction of this… By Rajesh KurupDecember 9, 2022 19:52 IST
Deadline to submit bids for IDBI Bank privatisation to be extended till early January The government and LIC together are looking to sell a 60.72 per cent stake in IDBI Bank, and the last… By PTIUpdated: December 9, 2022 13:22 IST
Rating agencies say ban on short-term loan securitisations to crimp volume The curb on residual maturity of loans is not expected to apply to direct assignment transactions. By PTIDecember 8, 2022 20:36 IST
Reliance General Insurance seeks ‘urgent’ help of Rs 600 crore from RCap to preserve business, boost solvency The capital support from RCap would also help in increasing regulatory comfort at Insurance Regulatory and Development Authority (IRDAI), apart… By Rajesh KurupDecember 8, 2022 18:04 IST
Hide your pin number: India ATM now dispenses gold coins A 100-gram coin is worth around $7,000, making the need to hide your pin number from whoever’s waiting in line… By ReutersDecember 8, 2022 18:01 IST
Order granting bail to DHFL’s Wadhawans not to be given effect to till Feb 1: Delhi High Court The high court’s order came after the counsel for Wadhawans and the CBI consented to it. By PTIUpdated: December 8, 2022 14:00 IST
Banks can use higher HTM limits till FY24 The RBI had set March 31, 2023 as the deadline for the dispensation of investments made by lenders in government… By FE BureauUpdated: December 8, 2022 07:17 IST
RBI relaxes UPI payments for e-commerce spends The National Payments Corporation of India (NPCI) will issue separate instructions on the issue. By FE BureauDecember 8, 2022 06:00 IST
Bankers hail RBI monetary policy actions Citi India chief executive Ashu Khullar said if inflation continues to trend down, the central bank may adopt a more… By PTIDecember 7, 2022 22:12 IST
Banks should not ask for verification at branch level if customer does e-KYC: RBI A bank should not be demanding from a customer to walk into the branch for verification/updates. By PTIDecember 7, 2022 19:25 IST
Centre gives more assurances to potential buyer of IDBI Bank As per the extant FDI policy, the aggregate foreign investment in a private bank from all sources is allowed up… By Prasanta SahuDecember 7, 2022 05:45 IST
Capital infusion into state-run banks unlikely next fiscal The gross bad loan ratio of PSBs dropped substantially from 14.6% as of March 2018 to 7.4% as of March… By Banikinkar PattanayakDecember 7, 2022 01:45 IST
Interview| ‘SME business will drive growth’: YS Chakravarti, MD & CEO, Shriram Finance YS Chakravarti, MD & CEO, Shriram Finance, tells Shashank Didmishe that they plan to tie up with fintech firms soon… By Shashank DidmisheUpdated: December 6, 2022 09:39 IST
SBI’s personal banking advances excluding home loans cross Rs 5 lakh-cr mark Personal Banking advances mainly comprise personal loans, pension loans, auto loans, education loans, gold loans, and other Personal loan products,… By PTIDecember 5, 2022 16:39 IST
Digital rupee: Making financial inclusion a reality Income opportunities need to be dovetailed with financial reforms By Uma GaneshDecember 5, 2022 01:15 IST
BFSI gearing up for a digitally transformed future There also has to be a good perspective on the compliance needs of BFSI organisations. Data, analytics and visualisation technology… December 4, 2022 10:20 IST
‘CBDC has potential to be a game changer’ “We just create the infrastructure and leave it to the private ecosystem to build on it and develop it,” he… By FE BureauDecember 4, 2022 06:00 IST
Starbucks severance package revealed: Here is what laid-off baristas and shift supervisors will receive
