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Fitch Ratings says Indian banks to write off more loans Credit costs for the sector came down further from 3.2 per cent of loans at 2018-19 to 2.1 per cent… By PTIDecember 5, 2019 18:35 IST
RBI proposes to bring cooperative banks with assets over Rs 500 cr under CRILC The RBI has created a Central Repository of Information on Large Credits (CRILC) of scheduled commercial banks, all-India financial institutions… By PTIDecember 5, 2019 18:03 IST
Paytm, Airtel Payments Banks may become full-fledged commercial banks; RBI revises guidelines The other major revision is that the licensing window will be open on-tap, which will allow applicants to approach the… By Samrat SharmaUpdated: December 5, 2019 18:13 IST
RBI hikes aggregate lending limit to Rs 50 lakh for P2P lenders At present, the aggregate limits for both borrowers and lenders across all P2P platforms stand at Rs 10 lakh, whereas… By PTIDecember 5, 2019 16:39 IST
RBI governor Shaktikanta Das says forensic audit on PMC scam expected by month-end The RBI has also given its suggestions on changes in regulations that are required for regulating the cooperative bank sector… By PTIDecember 5, 2019 14:38 IST
Consumer will choose how they want to pay: Rajesh Mehta, MD, trade and treasury solutions, Citi | Interview If you look at the kind of technologies that we know and love, such as blockchain, cloud, mobility and the… By Shritama BoseDecember 5, 2019 01:14 IST
Post merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore: Chairman Canara Bank Chairman T N Manoharan said his bank was having a business of Rs.10 lakh crore and the Syndicate… By PTIDecember 4, 2019 19:24 IST
Nirav Modi’s PNB scam gets bigger: Fraudlent LoUs worth this much more discovered The 329-page forensic report of BDO was handed by a whistleblower to the International Consortium of Investigative Journalists (ICIJ) which… By Ritu SarinDecember 4, 2019 10:05 IST
If RBI cuts rate by 25 basis points, repo to be lowest in almost 10 years Lakshmi Iyer, chief investment officer (debt) and head products at Kotak Mahindra AMC, says the MPC meeting this time is… By FE BureauDecember 4, 2019 06:13 IST
PSU banks step up lending, disburse a record Rs 4.91 lakh cr loans in Oct-Nov To beat the economic slowdown, finance minister Nirmala Sitharaman had, in September, directed the state-run lenders to reach out to… By FE BureauDecember 4, 2019 02:05 IST
Italian bank UniCredit to cut 8,000 jobs by 2023 The bank, Italy’s largest by assets, said that its net profit will grow to 5 billion euros (USD 5.5 billion)… By Associated PressDecember 3, 2019 22:02 IST
Public sector banks disburse Rs 4.91 lakh cr loan during October-November For NBFCs, PSBs disbursed Rs 25,525 crore loan in November, increasing sharply from Rs 19,628 crore in October, taking the… By PTIUpdated: December 3, 2019 19:58 IST
PSU banks disburse record Rs 4.9 lakh crore loans during October-November In a bid to boost consumption and revive the economy, Finance Minister Nirmala Sitharaman in September had asked banks to… By PTIDecember 3, 2019 18:12 IST
No job loss from PSU bank mergers: Here’s what Finance Ministry says about employees’ interest In August, the government announced a mega plan to merge 10 public sector banks into four with a view to… By PTIUpdated: December 3, 2019 18:14 IST
Government says nearly 3 per cent of Rs 6.04 lakh crore worth of Mudra loans turn into bad loans Prime Minister Narendra Modi launched the PMMY on April 8, 2015, for providing collateral free loans of up to Rs… By PTIDecember 3, 2019 16:09 IST
PSU banks confiscate property worth Rs 2.3 lakh crore from loan defaulters; record recovery last year The PSU banks have also recovered Rs 3.35 lakh crore over the last four-and-a-half financial years, including a record recovery… By Samrat SharmaUpdated: December 3, 2019 16:09 IST
Indian banks need $7 billion additional capital: Fitch In its 2020 Outlook for ‘Asia-Pacific Emerging Market Banks’, the rating agency maintained a negative outlook on Indian banks, based… By PTIUpdated: December 3, 2019 14:27 IST
HDFC Bank sees signs of revival in rural areas amid sputtering economy HDFC Bank Ltd., India’s most valuable lender by market capitalization, sees tentative signs of a revival in rural areas at… By BloombergUpdated: December 3, 2019 14:45 IST
‘Amazon is a capitalistic cult,’ Employee claims Amazon is asking its workers to look for new jobs and ‘fearlessly embrace uncertainty’
‘Spent only Rs 10 lakh on Zerodha till date’: Nithin Kamath fields Reddit query, reveals why company isn’t planning IPO
