Infrastructure push, PLI to drive up working capital demand in India: Standard Chartered Bank’s Michael Spiegel
Inspection report of scam-hit PMC Bank yet to be finalised: RBI Replying to an RTI query, it said preliminary findings of the RBI indicated large-scale irregularities in the bank, warranting supersession… By PTIDecember 29, 2019 14:01 IST
DHFL creditors to meet on Monday for discussing resolution The Mumbai bench of the National Company Law Tribunal (NCLT) had admitted the company for insolvency resolution on December 2… By PTIDecember 29, 2019 13:10 IST
Boost for digital payments: Govt waives off MDR charges on RuPay, UPI transactions This announcement comes on the back of the finance minister Nirmala Sitharaman’s maiden budget speech when she had said that… By FE News DeskUpdated: December 28, 2019 16:48 IST
Nirmala Sitharaman tells banks not to worry 3Cs; NCLT helps PSU banks recover this much amount The Finance Minister also announced that Merchant Discount Rate (MDR) charges will be exempted on the transactions done through UPI AND… By FE News DeskUpdated: December 29, 2019 00:26 IST
LIC crosses Rs 50,000 crore valuation surplus for the first time; pays dividend to govt LIC has completed 63 years since its incorporation and now manages assets worth more than Rs 31.11 lakh crore. It… By PTIDecember 28, 2019 09:53 IST
Coming soon: Fraud reporting integration of NBFCs and urban co-operative banks Under the initiative, banks are also required to set up specialised units to make use of market intelligence and data… By FE BureauDecember 28, 2019 06:15 IST
Bad news for banks! RBI says loan losses for lenders could rise in 2020 The RBI projection of an increase in GNPAs comes at a time when industry was expecting reversal of the cycle. By FE BureauDecember 28, 2019 06:09 IST
RBI Financial Stability report: Credit Growth slows, hits a low of 8.7% in September Private banks registered double digit credit growth of 16.5%, while that of PSBs was 4.8%. By FE BureauDecember 28, 2019 02:42 IST
Uco Bank to get Rs 2142 crore Net loss for the second quarter this fiscal reduced to Rs 891.98 crore from Rs 1136.44 crore for the same… By FE BureauDecember 28, 2019 01:58 IST
Indian Overseas bank gets fresh capital of Rs 4630 crore Karnam Sekar, MD & CEO of IOB, earlier had exuded confidence that the bank was on track of its plan… By FE BureauDecember 28, 2019 01:57 IST
Interview: Expect further easing in funding costs in second half of FY20 We are quite pleased with the success of our diversification into microfinance. Asirvad Microfinance is now among the top 5… By Rajesh RaviDecember 28, 2019 00:42 IST
Massive! Bank frauds rise to all-time-high Rs 1.13 lakh crore, reports RBI “An analysis of the vintage of frauds reported during the FY19 and H1 FY20 shows a significant time-lag between the… By PTIDecember 27, 2019 22:16 IST
Banks’ gross NPA ratios may rise to 9.9% by Sept 2020: RBI State-run banks’ GNPA ratios may increase to 13.2 per cent by September 2020 from 12.7 per cent in September 2019,… By PTIDecember 27, 2019 22:02 IST
As economy turtles south, credit growth may plunge to 58-year low in FY20 Credit growth was a high 13.3 per cent in the previous fiscal, says rating agency Icra in a report. If the… By PTIDecember 27, 2019 19:45 IST
West Bengal FM Amit Mitra’s suggestion to boost banking penetration into unbanked areas; what he says The West Bengal government has extended Rs 430 crore so far this year under the scheme, helping 27.4 lakh cultivators,… By PTIDecember 27, 2019 16:09 IST
Indian overseas bank to get fresh capital from govt for this reason IOB’s gross non-performing assets stood at 20 per cent (Rs 28,673.95 crore) of gross advances during the September quarter, compared… By PTIDecember 27, 2019 15:33 IST
This one private bank has made private lender NPAs look worse than PSU banks GNPA ratio of IDBI Bank is as high as 27.47 per cent, which is the highest among all the private… By Samrat SharmaDecember 27, 2019 12:11 IST
Allahabad Bank gets fresh capital of Rs 2,153 crore from government The capital infusion is towards contribution of the central government in the preferential allotment of equity shares of the bank… By PTIDecember 26, 2019 22:38 IST
‘Foreign investments welcome, but respect our immigration laws’: Trump to foreign companies after Hyundai raid
USC bomb scare: Two libraries at University of Southern California evacuated as police investigate bomb threat, security on high alert
