Banking & Finance
Indian Bank’s Q1 net profit rises to Rs 369 crore
Accordingly, the combined financial as on June 30, 2019 has been arrived at by aggregation of audited numbers of combined figures of two banks, Indian Bank said.
SBI introduces review feature in YONO app: Bank to facilitate farmers to revise limit on Kisan Credit Card banking section
SBI said its YONO app has grown by leaps and bounds over the last two and a half years since its launch. It has seen more than 58 million downloads with over 26 million registered users.
MFI collections recover by 70-75% after lifting of COVID-19 restrictions: Report
MFIs have also raised about Rs 2,000 crore through bond issuances under the targeted long-term repo operations and partial credit guarantee schemes.
Yes Bank investigation: Special court rejects Rana Kapoor’s anticipatory bail plea
According to the CBI, Kapoor entered into a criminal conspiracy with Kapil Wadhawan for extending financial assistance to Dewan Housing Finance Corporation Ltd (DHFL) through Yes Bank.
Bank lending to NBFCs jumps 190 bps to 8.8 pc since Sept 2018
"The overall composition of NBFCs in banks' credit exposure increased from 6.9 per cent in September 2018 to 8.8 per cent in June 2020," the rating agency said in the report on Friday.
Shriram City cuts loans to small firms by 99%; turns cautious on its most important clients
Shriram City Union Finance Ltd., an Indian shadow lender backed by Apax Partners, is turning cautious on its most important set of customers as the coronavirus pandemic roils businesses.
Debit, credit card use climbs back to pre-COVID level; consumer spending rises amid layoffs, salary cuts
Value of transactions through credit and debit cards have reached pre-COVID levels after witnessing a major drop in April. The same has jumped 111% in June as compared to April this year.
Credit cost to more than double for NBFCs, says Acuite Ratings
Kailash Baheti, group chief financial officer (CFO), Magma Fincorp, said that liquidity flow for NBFCs should be continuous.
RBI tightens corporate governance norms for core investment firms
Among the parameters a CIC will be expected to disclose are details of its investment in other CICs, its off-balance sheet exposures and the maturity pattern of its assets and liabilities.
US firm Fiserv to support Federal Bank to launch credit card
With a strong retail and remittance business in India, Federal Bank was looking for a flexible and scalable technology and business process outsourcing solution to support the launch and subsequent gr
Lot has been done, but best of HDFC Bank yet to come, says Aditya Puri
Besides, he said, the bank has made a difference to the lives of over 7.8 crore Indians through its corporate social responsibility initiative Parivartan.
Poonawalla Finance eyes 35% gowth in loan book in FY21
Poonawalla Finance offers only collateral-free loans and demands no guarantors. Its maximum ticket size is Rs 30 lakh, with a tenor of maximum three years, but the average tenure is two years
Airline pilots, hoteliers, and journalists a no-go area for bankers as getting loans becomes tougher
With the economy under duress, bankers are are scrutinising retail borrowers a lot more stringently these days.
One-time loan recast scheme difficult to implement: Srei Infrastructure Finance V-C
The government and the RBI have been trying their best to cushion the impact of Covid-19 on the economy and businesses.
Maharashtra urban co-op banks concerned over rumours on their financial health
Vidhyadhar Anaskar, chairman of the federation, said no restriction has been imposed against them.
Banks to be cautious despite gold loan LTV relaxation: Report
The agency believes lending cautiously for banks is especially important in the light of the recent rapid rise in gold prices (39 per cent over April 1 - August 11, 2020), which increases the probabil
RBI asks urban cooperative banks to implement system-based asset classification from June 2021
UCBs having total assets of over Rs 1,000 crore but less than Rs 2,000 crore as on March 31, 2020 and having self-assessed themselves as being under Level III or Level IV on the Comprehensive Cyber Se
Loan recast: NBFCs’ refinancing needs likely to increase, says report
Last week, RBI gave permission to lenders to go for one-time restructuring of corporate and personal loans facing stress due to the disruptions caused by coronavirus.
Deutsche Bank infuses Rs 2,700 cr in India operations for expansion
Banks have to set aside capital for every new loan that they make and also when the loan slips into non-performing territory.
Fortunes of troubled NBFCs turn; show signs of revival on stimulus amid pandemic fallout
The sound health of shadow banks is vital because they form the backbone of the Indian economy in lending to a wide range of borrowers from small merchants to business giants.
IndusInd Bank sells part of pledged shares of Eveready Industries, McLeod Russel
In the last month, the Burman family had acquired around 8.48% additional equity stake in Eveready from open market operations, taking its holding in the company to 19.84%.
Bank debt restructuring to delay bad loans recognition: Fitch
In a report on Monday, Fitch Ratings said the policy could open a window for banks to build capital buffers while putting off full recognition of the coronavirus pandemic’s impact on loan portfolios
Central Bank of India net profit rises 14.4% year-on-year as provisions fall
The net interest margin (NIM), a key measure of profitability, rose 23 basis points (bps) sequentially to 3.08%.
Icra expects loan restructuring at 5-8% of overall banks loan book under new norms
Last week, the RBI allowed banks to go for one-time restructuring of corporate and personal loans that are under stress due the COVID-19 pandemic.
Advertisement
Most Read
- Israel, US near deal to exclude China from Israeli 5G networks: US official
- This Independence Day take steps to achieve your financial freedom
- Denial of cashless services: Onus to take action against hospitals on insurers, says IRDA
- Independence Day Celebrations during Covid-19: What to look for this year?
- Exclusive! Ather 450X electric scooter Delhi-NCR launch details: Upto four experience centres coming
- FM Sitharaman pushes large CPSEs to meet half of FY21 capex target by September
- Withdrawal limit of Rs 1 lakh on PMC bank can't be increased due to lack of liquidity: RBI tells HC
- Forex reserves climb up to record USD 538.191 billion in week ended August 7
- India to take equal, proportional measures if other countries impose trade barriers: Piyush Goyal
- SBI introduces review feature in YONO app: Bank to facilitate farmers to revise limit on Kisan Credit Card banking section
Advertisement
Budget 2020
- Torrent: Cut to ‘reduce’, revise fair value to Rs 2,350 a share
- Budget 2020 hasn't violated fiscal discipline: FM Sitharaman
- Budget 2020 was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
- Budget 2020: FM Nirmala Sitharaman says govt willing to do more beyond Union Budget to boost growth
- Budget 2020: FM says green shoots of recovery visible, points at worse macro-economic fundamentals under UPA
- Budget and the economy: What can we expect after this Budget?
- Budget 2020: FM Sitharaman takes on P Chidambaram over defence budget allocation
- Budget 2020 proposals on DDT, personal tax not to impact MF industry: Franklin Templeton
- Budget 2020: Chidambaram slams Modi govt; says economy close to collapse, unemployment making India poorer
- Budget 2020: How ESOP tax changes will benefit start-up employees
Advertisement
State Bank Of India
HDFC Bank
Axis Bank
ICICI Bank
Punjab National Bank
CITI Bank
Kotak Mahindra Bank
IDFC Bank
Bank Of India
Bank Of Baroda