Banking & Finance

Credit crisis at home doesn’t stop some lenders getting global loans

While most of India’s shadow lenders remain caught in a prolonged cash crunch at home, some of the highest-quality financiers are finding that yield-hungry investors in the global loan market are eager to extend credit.
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Shriram Housing Finance raises Rs 680 crore from banks, NHB

Shriram Housing Finance (SHFL), a subsidiary of Shriram City Union Finance, has raised about Rs. 680 crore from various public and private sector banks and the National Housing Bank.

Banking & Finance News

Bank of Baroda classifies two ADAG-owned NBFCs as NPAs in Q2

Bank of Baroda (BoB) is understood to have classified its exposures to two NBFCs from the ADAG group as non-performing assets (NPAs) during the quarter ended September, persons familiar with the devel

Banking & Finance News

Paytm ‘fraud’: This big money manager lost Rs 5,000 from mobile wallet, here’s how he got it back

Vikaas Sachdeva got a rude shock this morning, when he discovered that Rs 5,000 got wiped off from his Paytm wallet.

Banking & Finance News

NBFCs to get Rs 20,000 crore under credit guarantee scheme

The government is in the process of sanctioning Rs. 20,000 crore under the partial credit guarantee scheme for non-banking financial companies (NBFCs), finance secretary Rajiv Kumar said on Monday.

Banking & Finance News

PayNearby launches own micro ATMs at retail shops; aims 1 lakh deployments in 1st year

The company has tied up with National Payments Corporation of India (NPCI) and Equitas Small Finance Bank for this initiative.

Banking & Finance News

Jana Small Finance Bank raises Rs 225 cr from TPG Asia, others

With this equity infusion, the capital adequacy ratio for the small finance bank has reached 19.97 per cent as on October 31, 2019, as against the regulatory requirement of 15 per cent, the release sa

Banking & Finance News

NEFT money transfer to be free: RBI move to make digital payments cheaper for these accounts

The central bank also said that the volume of transactions through Unified Payments Interface (UPI) witnessed a year-on-year (y-o-y) growth of 263% to 874 crore in September.

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SBI reduces lending, deposit rates — check revised list

State Bank of India’s one year MCLR after the cut comes down to 8% per annum, while three-year MCLR comes down to 8.2% per annum.

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Allahabad Bank loss widens as bad loan provisions soar

The lender had reported a net profit of Rs 128 crore for the first quarter of the current financial year.

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RBI raises limit for borrowing from MFIs

Similarly, the limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

Banking & Finance News

Uday Kotak says need rules for non-disruptive exit in financial sector

Kotak, the head of the private sector lender Kotak Mahindra Bank, said non-disruptive creative destruction is essential for the financial sector to help in winding up of businesses.

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No charges on NEFT from 2020; check RBI’s latest move to boost digital payments

Your NEFT payments may soon stop attracting charges from as early as January 2020.

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Govt weighs special window for NBFCs

RBI guv allays fears, but says sharp variations in capital positions among shadow lenders; FM reviews state of the economy

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Bankers remain cautious over lending to corporates

On Wednesday, SBI chairman Rajnish Kumar said if other banks cease to lend to infrastructure projects, it only means a fresh opportunity for SBI.

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PSU banks loan melas push non-food credit growth; outstanding loans inch closer to Rs 100 lakh crore

The loan carnivals were organised in two phases, with the first leg from October 1 and 9 and the second one from October 21 to 25.

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UCO Bank cuts Q2 net loss to Rs 892 crore

The bank's operating profit during the September quarter witnessed a 138% year-on-year jump to Rs 1,207.04 crore from Rs 506.10 crore in the corresponding quarter of the last fiscal, as both net inter

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Corporation Bank to raise up to Rs 1,000 crore by issuing Basel III compliant bonds

Banks need to improve and strengthen their capital planning processes to comply with Basel-III capital regulations. These norms are being implemented to mitigate concerns on potential stresses on asse

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RBI Governor Shaktikanta Das says closely monitoring situation at PMC Bank; forensic audit underway

RBI had imposed withdrawal restrictions on account-holders after it found alleged irregularities to the tune of Rs 4,355 crore due to diversion of money to infrastructure firm HDIL.

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ICICI Bank opens 44 branches in Karnataka

The expansion has resulted in the bank now having a network of 333 branches and extension counters along with 1,280 ATMs in Karnataka.

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PMC account holders stage protest at RBI Delhi; demand full money withdrawal

The protesting depositors, mostly belonging to business community, said they have not been able meet regular needs such as children's fees, medical, paying EMIs etc.

Banking & Finance News

PMC depositors gather outside RBI Delhi, demand assurance from central bank

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000 but this has done little to assuage the concerns of the distressed depositors.

Banking & Finance News

Singapore, UAE to bank on India for money: Soon, UPI will power digital payments abroad

India’s digital payment backbone UPI, which has awed some of the biggest tech companies in the world such as Google and Oracle, may soon power Singapore and UAE.

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What happens to your deposits if a bank fails: HDFC Bank warns customers with this message

HDFC Bank has started to stamp its passbook, which says that in the case of liquidation, the depositor will get a maximum of Rs 1 lakh only.

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