Banking & Finance

RBI proposes norms to help NBFCs deal with liquidity issues

As per the proposal, a Liquidity Coverage Ratio (LCR) regime would be introduced in all deposit taking Non-Banking Financial Companies (NBFCs) and non-deposit taking shadow banks with an asset size of Rs 5,000 crore and above in a phased manner.
RBI rules out for special credit service for NBFC News

RBI not in favour of special credit window for NBFCs

The central bank feels that cash crunch is not a sector-specific phenomenon but limited to few large NBFCs which have over-leveraged due to aggressive lending.

Banking & Finance News

Big PSU bank merger on cards if Modi wins 2019 election; PNB may merge these banks with itself

The government is planning to merge Punjab National Bank with two other PSU banks -- Oriental Bank of Commerce and Andhra Bank after the new administration is in place following the 2019 Lok Sabha ele

PNB, OBC, Andhra Bank, Allahabad Bank, Bank Merger, PNB में जल्द 3 बैंकों का मर्जर News

PNB may take control of 2-3 small PSU banks: sources

Banking sector reform is unfinished business from the last five year term of Modi's government as banks struggle under a huge debt pile than of more than 9 trillion Indian rupees, or nearly 5% of the

PNB, OBC, Andhra Bank, Allahabad Bank, Bank Merger, PNB में जल्द 3 बैंकों का मर्जर News

Here’s what RBI will do to strengthen supervision, regulation of banks, NBFCs

According to a RBI release, the Board reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank.

RBI will shortly issue 10 rupee denomination Banknotes in Mahatma Gandhi (New) Series News

Fall in housing finance companies’ loan growth can have spillover effects

The deceleration in loan disbursements by housing finance companies (HFCs) could have a spillover impact on both retail home loan borrowers and property developers, according to India Ratings and Rese

The housing finance sector has been facing challenges, which have led to contraction in spreads, a rise in funding cost and an increased spotlight on their asset-liability mismatches. (Representational image) News

Worry over slippages: Private banks’ provisions rise 13% in FY19

Banks may be apprehending larger slippages in the quarters ahead, with provisions made by a clutch of private sector banks during FY19 rising nearly 13% year-on-year (y-o-y), even as the value of gros

The value of provisions made by the 16 private sector banks that have so far reported their March quarter results stood at Rs 54,447 crore in FY19 News

Bank credit to infra sector grows 18.5% in FY19: RBI data

Outstanding bank credit to the sector was Rs 8.91 lakh crore as at March 2018. In the fiscal year ended March 2013, loans to infrastructure sector had grown by 15.83 per cent to Rs 7.29 lakh crore.

From January 2015 to June 2018, there were seven reductions in the repo rate, amounting to 200 bps, and banks' WALR changed by 205 bps during the period News

Merger impact: BoB looks to rationalise 800-900 branches

The merger of Dena Bank and Vijaya Bank with BoB became effective from April 1. It does not make sense to have branches of Dena and Vijaya at the same location when both have been merged into BoB, a s

Banking & Finance News

RBI to boost card payments with 34% increase in PoS terminals by end of 2021

The RBI is expecting to have 50 lakh (5 million) point of sale (PoS) terminals by end of 2021 from existing 37.22 lakh (till March 2019), as per its monthly ATM and card statistics.

RBI, RBI Guidelines For Stressed Assets, Supreme Court, 12 February Circular, Election Code Of Conduct, दबाव वाली संपत्तियों के RBI की गाइडलाइंस News

City Union Bank net rises 15% to Rs 175 crore in Q4

Kumbakonam-based private sector lender City Union Bank (CUB) has reported a 15% rise in its net profit at Rs 175.12 crore for the fourth quarter against Rs 152.12 crore in the corresponding quarter la

City Union Bank Q4 net rises 15% to Rs 175 cr News

Nandan Nilekani-led panel on digital payments submits report to RBI

In a statement, the Reserve Bank said the committee held its deliberations including consultations with various stakeholders and submitted its report Friday to Governor Das.

Nandan Nilekani, rbi, Reserve Bank, Aadhaar architect, Governor Shaktikanta Das, banking news

Appointment of RBI director to Yes Bank board may be precautionary: Macquarie

RBI move, it said, could be cautious and pre-emptive here. Also, the problems in Dhanlaxmi and LVB were far more serious; and RBI, in our view, appointed directors a bit late, whereas in Yes Bank they

RBI director, Yes Bank board, Macquarie, Dhanlaxmi Bank, Lakshmi Vilas Bank,  R Gandhi, latest news on Yes bank News

PNB scraps housing finance arm deal with Varde, General Atlantic

Punjab National Bank (PNB) on Thursday said it has terminated the share purchase agreements (SPAs) made with Varde Holdings and General Atlantic for a 13% stake sale in PNB Housing Finance, which was

According to latest shareholding pattern on the BSE, PNB holds a 32.79% stake in the housing finance firm. News

Bajaj Finance PAT grows 57% in Q4 despite challenging conditions faced by NBFCs

Bajaj Finance Ltd (BFL) has reported another strong quarter with its highest ever quarterly profit after tax, which grew 57% y-o-y to Rs 1,176 crore during Q4FY19 despite challenging conditions faced

Bajaj Finance PAT grows 57% in Q4 despite challenging conditions faced by NBFCs (Website image) News

Back in the black: Bank of India swings to profit in Q4 with Rs 252 crore

The bottom line was driven by strong net interest income growth and a sharp drop in provisioning for bad loans. The state-run lender witnessed a 57.72% y-o-y rise in net interest income (NII) to Rs 4,

BOI shares ended up 1.94% for the session, following the earnings announcement, settling at Rs 81.65 per share. News

Manappuram Finance to buy Manappuram Asset Finance

Non-banking finance company Manappuram Finance on Thursday announced that it had got approval to take over the promoter-led entity Manappuram Asset Finance Ltd (MAFIN).

The Kerala-based lender reported a full-year consolidated net profit of Rs 919.87 crore, a sharp increase of 36% over the previous year. News

Maharashtra coop bank to scale up retail operations

Maharashtra State Cooperative Bank (MSC) has entered retail operations and plans to scale up this business through a merger with a couple of urban cooperative banks based in Mumbai and Pune.

The bank has reported a net profit of Rs 316 crore for the financial year ended March 31, 2019 News

Bank of India back in the black, posts Rs 252 crore profit in Q4

The lender had reported a net loss of Rs 3,969 crore in the same quarter of last year. Its net losses in the third and second quarters of FY19 stood at Rs 4,738 crore and Rs 1,156 crore, respectively.

Banking & Finance News

PNB to remain sole promoter of PNB Housing; stake sales to General Atlantic, Varde Holdings fall through

State-run Punjab National bank will remain the sole promoter of PNB Housing Finance Ltd after its share purchase agreement (SPA) with General Atlantic Group and Varde Holdings fell through.

Banking & Finance News

RBI’s ex-deputy governor on Yes Bank board shows things are worse than they look

It’s no secret that India’s banking regulator hates having its officials sit on the boards of state-run lenders.

RBI slaps Rs 11 lakh fine on Yes Bank for violating money transfer norms News

Funding crisis to worsen unless India pumps in cash, says Kotak

The non-bank lenders, which have been hit by high borrowing costs and largely shut out from the bond market after the crisis at shadow lender IL&FS Group broke out last year, are facing the risk that

Funding crisis, Kotak, NBFC, IL&FS Group, Reserve Bank of India, real estate companies, reserve bank of india, bond market News

Jammu and Kashmir Bank Q4 net rises 7-fold to Rs 215 crore

Jammu and Kashmir Bank on Wednesday reported a seven-fold year-on-year (y-o-y) increase in net profit to Rs 214.80 crore in the March quarter, led by strong operational performance.

Jammu and Kashmir Bank Q4 net rises 7-fold to Rs 215 crore (Website image) News

Indian Bank Q4 net loss at Rs 190 crore

Chennai-based Indian Bank has reported a Rs 190-crore net loss for the fourth quarter against a net profit of Rs 132 crore in the corresponding quarter last fiscal, owing to higher provisioning for ba

Indian Bank Q4 net loss at Rs 190 crore News
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