Banking & Finance
Private ARCs moving to retail loans as national bad bank nearing reality
Rashesh Shah, chairman and chief executive of Edelweiss Financial Services Group whose ARC arm sits over an AUM of Rs 40,8000 crore, and has made a recovery of Rs 5,400 crore in FY21 from 179 accounts, sees over the next two years around 50 per cent of ov
Covid-19: Supreme Court rejects plea for fresh loan moratorium relief
The apex court then vacated a September 3, 2020, stay order that restrained banks from declaring as NPAs loan accounts that were not classified as NPAs prior to August 31, 2020.
IDBI customers to get only 20 free cheque leaves per year from Jul 1; other services too revised
Introducing the revision of services in savings bank accounts, the lender in a notice said the free transaction limits (for select facilities) and lock discounts offered to individual savings bank cus
RBI extends risk-based internal audit system to HFCs
The provisions will apply to all deposit-taking HFCs, irrespective of their size, as well as non-deposit-taking HFCs with asset size of Rs 5,000 crore and above, the central bank said.
Bank of Maharashtra tops PSU banks in terms of loan, deposit growth
The bank's asset quality improved significantly as the gross bad loans or gross Non-Performing Assets (NPAs) dipped to 7.23 per cent of gross advances by the end of March 2021 as against 12.81 per cen
MFIs 30-plus delinquency may rise to 14-16 pc in June: Report
The report said that with 30+ PAR mounting, the sector is expected to resort to a restructuring of loans to a larger extent than the last fiscal, as this is perhaps the only practical option to suppor
India fastest-growing FinTech market, ahead of US in financial innovation: Senator Steve Daines
The senator from Montana said the US faces a challenge from China, which has launched a digital Yuan, which they hope will one day displace the dollar as the world's dominant reserve currency.
SBI likely to transfer Rs 20,000 crore NPAs to National Asset Reconstruction Company
These non-performing assets (NPAs) include Essar Power Gujarat, Coastal Energy and Reliance Naval.
ATM transactions beyond free permissible limit to cost more from Jan 1
ATMs are deployed by banks for serving their own customers and also provide services to other banks’ customers as acquirers where they earn interchange income.
BharatPe acquires Payback India
The company, however, did not disclose the financial details of the transaction. This is the first-ever acquisition by BharatPe and will make Payback India a wholly-owned subsidiary of BharatPe, a sta
RBI Deputy Governor MK Jain gets 2-year extension
The other three serving deputy governors are Michael Patra, M Rajeshwar Rao and T Rabi Sankar.
India offers huge potential for digital banks: Report
In the case of currency depreciation, which supports the large number of Indian exporters, the report said considerations are true for multiple other developing economies as well, and an investor nee
Carlyle-led investment in PNB Housing unfair to minority shareholders, says proxy firm
In a note to institutional investors, SES argued that a rights issue would have been a fairer and better option for raising capital. SES has recommended PNB Housing’s public shareholders to cast the
Covid woes: Banks’ collection efficiency for micro-loans drops significantly
Lenders feel that collection efficiency is likely to be ‘volatile’ in the first quarter of the current fiscal year due to the intermittent lockdowns, and the number of micro-finance customers avai
RBI gives approval to re-appointment of CS Ghosh as MD & CEO of Bandhan Bank for three years
Ghosh, who has been one of foremost proponents of microfinance in India, founded Bandhan in 2001 as a not-for-profit enterprise that stood for financial inclusion and women empowerment through sustain
RBI asks banks not to delete CCTV footage from 2016 demonetisation period
The move is aimed at helping enforcement agencies in their probe against illegal accumulation of new currency notes during the demonetisation period.
RBI nod for Ghosh’s re-appointment as Bandhan Bank MD & CEO for 3 yrs; company board had okayed 5-yr term
Bandhan Bank has received RBI nod to re-appoint Chandra Shekhar Ghosh as its MD and CEO for three years, lower than the five-year tenure approved by the company’s board in November last year. “The
State-owned banks getting ready for privatisation may come out with VRS
Two state-owned banks being picked up for privatisation by the government are likely to come out with an attractive voluntary retirement scheme (VRS) to get rid of the extra flab, sources said.
Lockdown set to hit Bajaj Finance’s FY22 AUM growth
The company said it has taken several measures to reduce its operating expenses and cost of funds to partially mitigate the financial impact of lower AUM growth.
First phase: Rs 89k-crore loans to be moved to NARCL
The chairman of Indian Banks’ Association (IBA), Rajkiran Rai G, said banks have identified accounts which can go to the ARC in the first phase and have arrived at this number. “However, once the
Union Bank of India reports Rs 1,330-crore net as asset quality improves
The non-interest income grew 50% quarter-on-quarter (q-o-q) and 23% y-o-y to Rs 4,551 crore, mainly on account of recovery in the written-off accounts. Overall, the net profit for FY21 stood at Rs 2,9
India’s bank privatisation may be delayed: Fitch
The plan, announced in the Budget in February, is part of the government's broader divestment goals for FY22, and includes privatisation of several other non-financial state-owned entities as well as
UCO Bank again urges Reserve Bank of India to consider taking it out of PCA
The RBI had initiated PCA for the Kolkata-based lender in May 2017 in view of high non-performing assets and negative return on assets. In the last financial year, the bank posted a full-year net prof
Banks identify NPAs worth Rs 89,000 crore to be transferred to NARCL in initial phase
Setting up of National Asset Reconstruction Company Ltd, the proposed bad bank for taking over stressed assets of lenders, was announced in the Budget for 2021-22.
Advertisement
Most Read
- India natural ally of G7: PM Narendra Modi
- Bitcoin's Taproot upgrade gets approval from crypto miners; to improve transaction privacy, efficiency
- G-7 leaders agree to challenge China on economic practices
- Corona LIVE: Tamil Nadu, J&K announce easing of restrictions; Kerala reports 11,584 new cases
- Petrol price: Oil Minister Dharmendra Pradhan says Rahul Gandhi should seek cut in high taxes in Congress-ruled states
- Top 5 Lesser-Known Cool Features of Ather 450X | New Price Details
- Rajnath Singh approves Rs 499 cr budgetary support to MSMEs, startups, others for innovation in defence
- Is your MSME ready for private equity, venture capital? Here's what it would take to attract private money
- RERA protects interests of homebuyers: Know its benefits
- IPO pie set to grow bigger as over a dozen financial services players line up Rs 55,000 cr issues
Advertisement
Top News
- Satcom spectrum: Jio makes a pitch for auction, Bharti Airtel tight-lipped
- India-European Union FTA: Talks to restart soon on realistic note
- Capital Formation: March spending binge salvages states’ capex in FY21
- Insolvency Case: NCLT sets up monitoring panel for DHFL until Piramal Group’s resolution plan is implemented
- Pradhan Mantri Shram Yogi Maandhan scheme: Enrolment in pension scheme for low earners dipping fast
- Solar equipment manufacturing: More clarity is needed on the agenda
- Byju’s dethrones Paytm to become India’s most valued start-up at $16.5 billion
- Mutual funds: Why equity MFs are a hot favourite again
- Money Trap: The return of the finance threat?
- Your Money: Know the five characteristics of a stable firm
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