Is Yes Bank headed for nationalisation? Analysts and market watchers have roundly panned the lender’s choice of the relatively-obscure Canadian citizen Erwin Singh Braich, backed by… By FE BureauDecember 12, 2019 02:18 IST
NBFC woes seem to be far from over; these 3 concerns may lead to growth hitting a decadal low Falling growth rates, derisking of loan books and funding constraints are going to impact non-banking finance companies with their growth… By PTIDecember 11, 2019 18:27 IST
RBI must become matchmaker for Yes Bank before board chooses a suitor in hurry Yes, India’s fifth-largest private-sector lender, can’t be left adrift much longer. But the RBI is so distracted fighting other fires that… By BloombergDecember 11, 2019 10:36 IST
No turnaround at SBI: NPA divergences lead to net loss of Rs 6,968 crore in FY19 The revised gross NPA stood at Rs 1.84 lakh crore against the bank’s earlier reported figure of Rs 1.72 lakh… By FE BureauDecember 11, 2019 06:15 IST
Capital hunt! Yes Bank weighs Citax; no call on Braich yet Yes Bank’s search for capital has been getting more arduous as its disclosure of names of prospective investors ended up… By Shritama BoseDecember 11, 2019 06:09 IST
Bank of Baroda lowers MCLR by upto 20 bps The public sector lender has reduced its one-year MCLR, to which all retail loans are linked to, by 5 basis… By FE BureauDecember 11, 2019 03:30 IST
NBFCs to continue borrowing offshore in FY20, says Fitch Wholesale lenders in particular, according to Fitch, are at a higher risk of asset impairments. Additionally, those exposed to property-developer… By FE BureauDecember 11, 2019 03:30 IST
Banks’ high retail loan book due to securitisation by NBFCs, not actual credit demand: Crisil Banks’ retail credit growth is up due to higher reliance on securitisation by liquidity starved non-banking lenders, and does not… By PTIUpdated: December 10, 2019 22:40 IST
Employee unions hold dharna against reforms, consolidation in PSBs Employee unions of public sector banks on Tuesday held day-long dharna here opposing bank mergers and abnormal hike in service… By PTIUpdated: December 10, 2019 22:24 IST
Union Bank of India cuts MCLR by 5-10 bps; benchmark one-year rate comes down to 8.20% Union Bank of India on Tuesday said it has cut one-year MCLR rate to 8.20 per cent, down 0.05 percentage… By PTIDecember 10, 2019 20:52 IST
Retail loans surge without people borrowing money: Blame data entry rule for showing soaring bank credit Despite high retail bank credit growth, the shops are struggling with fewer customers to buy. By Samrat SharmaDecember 10, 2019 18:07 IST
Yes Bank to Erwin Singh Braich: Don’t go away with your $1.2 billion moneybag, yet Yes Bank today rushed in to do some damage control after media reports said that Canadian investor Erwin Singh Braich’s… By FE News DeskUpdated: December 10, 2019 17:09 IST
SBI reports loan divergence of Rs 11,932 crore for FY19 As per the assessment done by the RBI, the gross NPA of the SBI was 11,932 crore more at Rs… By PTIDecember 10, 2019 15:30 IST
TMC for rollback of Mudra scheme due to rising NPAs The Mudra Yojana was launched in 2015 for providing small loans to income generating small enterprises in manufacturing and services. By PTIDecember 10, 2019 14:32 IST
NBFCs to look for growth opportunities in offshore markets: Fitch “India’s weaker macroeconomic backdrop is likely to add to the existing funding, growth and asset-quality strains weighing on the Indian… By PTIDecember 10, 2019 11:40 IST
Yes Bank’s mysterious Canadian bidder says he got interested in it because of this reason The board of Yes Bank Ltd. will decide on Tuesday which version of Braich it supports at a meeting to… By BloombergDecember 10, 2019 09:34 IST
Capital raising: Yes Bank may say no to Canadian tycoon At a meeting on Tuesday, the board is expected to reject an offer from Canada’s Erwin Singh Braich and Hong… By BloombergDecember 10, 2019 06:15 IST
Bank of India cuts one-year MCLR rates by up to 20 bps This makes the SBI rates the cheapest and this is the eighth consecutive lending rate reduction by the largest lender… By PTIDecember 9, 2019 22:50 IST
Nano Banana AI saree trend: Ratan Tata’s former manager Shantanu Naidu roasts viral Gemini trend — ‘Tum log India mein hai..’
