Banking & Finance
RBI allows payment of all recurring bills through Bharat Bill Payment System
Currently, the facility of payment of recurring bills through BBPS is available only in five segments -- direct to home (DTH), electricity, gas, telecom and water.
SBI shelves IPO plans for general insurance arm; card JV to hit market in Q4
SBI owns 74 per cent in the cards venture, while its foreign partner can also choose to dilute its stake through the IPO (initial public offering), Kumar said.
SBI to move RBI to offer fixed-floating rate home loans
The largest lender State Bank of India will be seeking clarifications from the Reserve Bank whether it can offer long-term home loans with fixed rates in the beginning and convert the same into floati
PNB, UBI, OBC merger: Six months needed for HR and IT integration
An “Interactive Meet” was organised here on Saturday with the Kolkata-based field functionaries of UBI, PNB & OBC. Customers of the three banks also attended the meet.
United Bank plans to raise Rs 3,000 crore via preferential allotment
In that meeting, the bank will also consider the proposed amalgamation of United Bank of India and Oriental Bank of Commerce with Punjab National Bank.
Non-food credit growth falls to over 20 month low
Aggregate deposits in the banking system stood at Rs 116.46 lakh crore from Rs 126.80 lakh crore in the previous fortnight, as per the central bank's data.
RBI puts out draft norms for ‘on tap’ licensing of SFBs
he promoter stake will have to be brought down to a maximum of 30% of the paid-up voting equity capital within 10 years, and to a maximum of 15% within 15 years from the date of commencement of busine
RBI proposes Rs 200 crore minimum capital for small banks under ‘on tap’ licence regime
A small finance bank is primarily set up to undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections, including small business units, small and mar
PSU Bank merger: Canara Bank board approves merger with Syndicate Bank; key things to know
Canara Bank board on Friday gave in-principle approval to its merger with Syndicate Bank.
This RBI move leaves more money for banks to lend to consumers ahead of festive season
Reserve Bank of India’s move to reduce risk weightage requirement for consumer loans may provide a boost to consumer lending and spending.
RBI increases banks’ loan exposure limit to single NBFC
According to the extant 'Large Exposures Framework (LEF)', banks' exposure to a single non-banking financial company (NBFC) is restricted to 15 per cent of their available eligible capital base, while
All banks on equal footing in amalgamation plan: Sunil Mehta, MD & CEO, PNB
The government, under the decisions taken under the alternative mechanism, has announced in-principle approval for the merger process of 10 banks in which PNB is one of the anchor banks.
Bank credit growth slows to 10.24%, deposits at 9.73%
In the previous fortnight to August 16, advances grew 11.64 percent to Rs 96.82 lakh crore and deposits by 10.15 percent to Rs 126.80 lakh crore.
Bank officers’ union threatens 2-day strike from September 26 against PSU mergers
A union leader also said that the nationalised banks will further observe indefinite strike from the second week of November to press for their demands.
Big banks shouldn’t go subprime amid slipping credit growth
The near-recession in the consumer economy means unsecured lending could be the next domino to fall.
Booster shot for real estate sector; National Housing Bank to pick up stakes in HFCs
To help revive the ailing real-estate sector and give a further push to affordable housing where the government is placing a lot of thrust on, finance minister Nirmala Sitharaman will soon announce a
Canara Bank looks to raise Rs 1,000 crore from sale of Can Fin Homes
Canara Bank expects to raise around Rs 1,000 crore by offloading its entire 30% stake in mortgage lender Can Fin Homes.
Commercial paper issuance by NBFCs fall 66 pct in August as cost of funds rises
Commercial paper (CP) issuances by non-banking financial companies (NBFCs) dropped over 66% year-on-year (y-o-y) in August 2019, led by a rise in cost of funds and correction of asset-liability mismat
HDFC Bank doubles mid-corporate loan book to over Rs 90,000 crore in 3 years
Three years ago, in the mid-corporate segment, the bank was present in 18 cities and the number of clients was around half of over 3,500 now.
Banks merger: PNB, UBI and OBC form working groups to oversee process
They have got overlapping presence with PNB, which can be of advantage and we can optimise on our resources.
SBI to raise Rs 3,465 crore by selling up to 4.5 per cent in SBI Life
The share sale process consists of a base issue of selling up to 3.5 per cent with an option to additionally sell up to 1 per cent of the total issued and paid up equity share of SBI Life.
How to grow small housing finance companies: RBI suggests measures, new market
Housing finance in India is a highly concentrated business, with the top five housing finance companies (HFCs) accounting for over 85 per cent of the loans.
Uday Kotak says number 8 is jinxed; here’s what Indian hero must do to beat slowdown villain
Even as the Indian economy continues to remain under pressure amid the ongoing slowdown, top banker Uday Kotak said that the economy goes through such a phase every 10 years. Speaking on the sidelines
Banks mergers a good move, says Vinod Rai
Former comptroller and Auditor General (CAG) and chairman of Banks Board Bureau Vinod Rai on Tuesday said the government’s decision last month to merge 10 state-run banks to create four larger and s
Advertisement
Advertisement
Advertisement
TRENDING NOW
- Minister your finances better! How smart financing purchase decisions can help you be a uber-saver
- OnePlus gives a glimpse of future TV design
- WhatsApp feature trick: How to hide your view on your friend's WhatsApp Status
- OnePlus TV to unleash a sight and sound revolution!
- Say "Hey, Google" to make WhatsApp calls now; Here's how
BUDGET 2019
- Budget 2019: Central govt to contribute 14% to NPS, employees to get 80C benefit on Tier-II deposits from April 1
- Budget 2019: Hike in import duty may dampen the gold rush
- Budget 2019: More power to villages; Rs 2 lakh crore allocated to Panchayats in five years
- Budget 2019: Healthcare sector expects hike in exemption limits for health checkup, medical reimbursement
