Banking & Finance Goldman Sachs names Raghav Maliah as global chairman of investment banking, memo shows Banking & Finance
FM Nirmala Sitharaman reviews performance of 10 regional rural banks in the South, emphasises digital expansion
HDFC Bank closely monitoring regulatory approval process for merger The merger is yet to receive approval from the Competition Commission of India (CCI), the National Company Law Tribunal (NCLT)… By FE BureauJuly 17, 2022 04:15 IST
Revive cooperative banks to extend more long-term loans to farmers: Amit Shah The government is building a database on cooperatives for expansion of this sector, which is important for boosting farm growth… By PTIJuly 16, 2022 16:07 IST
How I Learned to Stop Worrying and Love EBIDTA Profit The only way out of the hire-and-fire cycle is to rewire your business for profitability and turn into a profitable… By Adhil ShettyJuly 16, 2022 13:45 IST
RBI, Bank Indonesia agree to expand cooperation in payment systems The MoU will be implemented through policy dialogue, technical cooperation, exchange of information and joint work. By PTIJuly 16, 2022 13:39 IST
How fintech-related policies are impacting the Indian economy It is fascinating to observe that even though India’s fintech industry is not over a decade old in the country,… Updated: July 16, 2022 13:07 IST
Yes Bank picks JC Flowers to sell bad loans The process was started on the recommendation from State Bank of India (SBI), the largest shareholder in Yes Bank. SBI… By FE BureauJuly 16, 2022 04:45 IST
SBI hikes rate on 1-2 years tenure bulk deposit by 50 bps For shorter term deposits of less than 1 year the interest rates offered by the bank remain in the range… By FE BureauJuly 16, 2022 02:30 IST
Federal Bank PAT rises 63% in Q1; operating profit down 14% Provision Coverage Ratio stood at 65.03% as on June 30 as compared to 65% a year ago. By FE BureauJuly 16, 2022 00:00 IST
Bank of India with PFRDA launches platform for opening NPS account via mobile phone Customers can now open NPS (National Pension System) account in a hassle-free and paperless manner by scanning a QR code,… By PTIJuly 15, 2022 21:10 IST
Higher volumes could turn securitisation into key funding source for NBFCs: Crisil Foreign financial institutions, including banks, acquired 17% of all assets securitised. A stable market environment could mean deeper participation by… By FE BureauJuly 15, 2022 00:30 IST
PNB, 3 other PSU banks activate account aggregator system Other than PNB, Union Bank of India, Canara Bank and Indian Bank are the three other PSU lenders who have… By FE BureauJuly 15, 2022 00:00 IST
SBI hikes MCLR for various tenures for second time in nearly a month; check revised rates State Bank of India previously hiked MCLR rates on June 14 this year. By FE BusinessUpdated: July 14, 2022 15:42 IST
Public-sector banks privatisation off agenda; PSB Bill unlikely in monsoon session The Bill proposes to “effect amendments in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and incidental… By Banikinkar PattanayakJuly 14, 2022 03:15 IST
Banks can tap ESG standards advisory potential: Crisil Across the board, far fewer companies have adopted ESG metrics in their treasury function. By FE BureauJuly 14, 2022 02:30 IST
IndusInd to take action against staff if found guilty in remittance case; ED files FIR against some employees The bank had filed ‘suspicious transaction reports’ with the regulatory authorities during the period and also approached police authorities back… By FE BureauJuly 14, 2022 01:45 IST
Banks cede market share in microfinance loans to non-banking finance companies-microfinance institutions, small finance banks The top 5 best performing lenders have loan overdue of more than 30 days of 1.5% of their cumulative GLP,… By FE BureauJuly 14, 2022 01:15 IST
Lenders may seek review: Banks stare at 8% recovery from first NARCL sale According to a paper published as part of the Reserve Bank of India’s February 2022 bulletin, the average rate of… By Shritama BoseJuly 14, 2022 00:00 IST
NBFCs to rely more on funding from banks, cost may rise: Report “The borrowings of non-bank finance companies (NBFCs) could get skewed to banks in FY23, given the hardening of rates in… By PTIJuly 13, 2022 19:27 IST
iPhone 17 Pro Max to launch on September 9 along with iPhone 17 and iPhone 17 Pro: Check expected India price
