Banking & Finance

UBS Principal Capital Asia sells shares worth Rs 150 crore in Axis Bank

Through separate transactions, the shares of Axis Bank were picked up by BofA Securities Europe SA at the same price. On the BSE, shares of Axis Bank on Friday ended at Rs 433.2 apiece, up 0.05 per cent over the previous close.

RBI grants banks one-time window to recast loans in sectors under stress due to Covid

RBI said that the expert committee would have the responsibility of vetting the resolution plan of all accounts where the aggregate exposure is Rs 1,500 crore and above.

Gold jewellery to now fetch 90% of its value as bank loans

The RBI’s move is aimed at increasing the flow of credit to households at a time when banks have turned risk averse.

Loan restructuring allowed only for borrowers who are financially stressed due to Covid-19 

The RBI will also permit conversion of debt into securities. Loans to both companies and individuals can be recast, the central bank said while tweaking the rules to enable more MSMEs to take advantag

LIC acquires close to 5% stake in Yes Bank

Earlier this week, Moody's Investors Service upgraded Yes Bank's long-term foreign currency issuer rating by a notch to ''B3'' from ''Caa1'' after a Rs 15,000-crore capital raising. Despite the upgrad

‘Need for discipline’: RBI asks banks not to open current accounts for customers having cash credit, overdraft

In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account.

PNB Housing Finance appoints Hardayal Prasad as new MD & CEO

The housing finance arm, promoted by country's second largest state-owned Punjab National Bank (PNB), currently has Neeraj Vyas as its interim chief.

Bankers call RBI pause a prudent step, hail regulatory moves

Peer Indian Bank's managing director and chief executive Padmaja Chunduru termed the monetary policy committee's call as pragmatic as the accommodative stance has been maintained. 

HDFC Bank’s late submission of loans, repayment, other details may draw RBI’s attention

One of India’s biggest credit bureaus has informed the central bank about delays in receiving information from HDFC Bank Ltd., the country’s second-largest lender by assets, according to people fa

HDFC bank, complaint on hdfc bank, delay in providing data

IDBI Bank enters into pact with partners to divest 27 pc stake in insurance JV for Rs 595 cr

"IDBI Bank has entered into an SPA with Ageas Insurance International NV (buyer) and the Federal Bank Ltd (buyer) on August 5, 2020, wherein IDBI Bank Ltd has agreed to sell up to 27 per cent stake in

IDBI Bank, IFLIC, Ageas Insurance International NV, Federal Bank, JV partners, latest news on IDBI bank

RBI announces special liquidity facility of Rs 10,000 cr for Nabard, NHB

The liquidity facility to both the National Bank for Agriculture and Rural Development (Nabard) and the National Housing Bank (NHB) will be offered at the policy repo rate, RBI Governor Shaktikanta Da

The RBI has announced similar moves in the past as well.

RBI extends loan restructuring facility to companies; eases industry’s pain in tough times

The Reserve Bank of India today announced a loan restructuring window for corporates, following bankers and industry demand.

moratorium, EMI Moratorium, RBI EMI Moratorium, RBI, loan restructuring, A double edged sword for borrowers, NBFCs, HFCs, COVID-19 pandemic

Shashidhar Jagdishan as HDFC Bank CEO to ensure continuity, stability

Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years.

Shashidhar Jagdishan, HDFC Bank CEO, Aditya Puri, HDFC stock, HDFC shares, latest news on HDFC

Large masses of humanity at risk in developing nations: Bhanu Baweja of UBS Investment Bank

The smaller companies just don’t have the cash buffers. A handful of stocks are leading the stocks in the US as it is in India.

Bhanu Baweja, chief strategist, UBS Investment Bank

Canara Bank posts Rs 406-crore profit in first results as amalgamated entity

Net interest income (NII) — the difference between interest earned and interest expended — stood at Rs 6,096 crore, up 21% y-o-y.

The three-month MCLR has been revised to 7.15 per cent from 7.45 per cent, Canara Bank said in a regulatory filing.

HDFC sets floor price at Rs 1,838.94 a share for QIP issue

The committee of directors of the Corporation at its meeting held on August 5, 2020, approved and declared the opening of the issue on Wednesday, HDFC said in a regulatory filing.

Credit growth in MSME segment faces severe contraction despite ‘Emergency Credit Line Guarantee Scheme’

While the credit growth in other sectors such as agriculture, services, and personal loans were slow yet positive, the credit offtake in the MSME sector saw a severe on-year contraction of 12.7 per ce

msme, micro, small, and medium businesses, credit growth, loans

RBI must allow one-time re-structuring of loans to avoid controversy over moratorium on term loans

As industry leaders clamour for extension and banks oppose it just as vehemently, the question of further extension of moratorium has become highly contentious.

HDFC Bank: Sashidhar Jagdishan to succeed Aditya Puri as CEO

Jagdishan was recently anointed the bank’s ‘change agent’ in what was seen as a thinly-concealed nod from Aditya Puri to his preferred successor.

SDL yields continue to remain lower ahead of monetary policy announcement by RBI

For instance, Andhra Pradesh received a cut-off of 6.55% for its 15-year paper while its 18-year paper saw a relatively lower cut-off of 6.50%.

Experts indicate that despite the expectation of a status quo policy, many long-term investors want to lock-in their investments at current yields so as to avoid the possibility of a surprise rate reduction.

Modi govt’s guarantee-free loans for MSMEs: These PSU banks offer maximum credit to small businesses

State Bank of India (SBI) has recorded the maximum cumulative sanctions and disbursements of Rs 21,027 crore and Rs 15,112 crore respectively.

SBI, state bank of india, india's largest bank, msme loans

HDFC Bank’s new CEO found: RBI approves Shashidhar Jagdishan to succeed Aditya Puri

This development will lift the curtain on who will be leading India's largest private sector lender after Aditya Puri.

six of top 10 firms on sensex lose 1.38 lakh crore rupee in m-cap, RIL and HDFC bank take biggest hit

Ahead of MPC meet, ICICI Bank cuts MCLR by 10 basis points

The one-year MCLR of ICICI Bank, to which many of the consumer loans are linked, will come down to 7.45% after the reduction.

After 10-bps reduction, overnight and one-month MCLR of ICICI Bank stands at 7.2%.

Ownership rules: Promoter dilutes 20.95% stake in Bandhan Bank

However, giving a breather to the bank, RBI lifted the regulatory restriction on its branch opening in February 2020, subject to some conditions, although the bank was not then in compliance with the

Notably, on last Friday, Bandhan Bank's scrip on BSE closed 2.11% higher at Rs 345.25.
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