Banking & Finance

Second term for NDA will resolve NBFC’s liquidity woes, says IIFL chairman

The IIFL Group unveiled its new brand identity and launched its new product Advisor Anytime Anywhere (AAA) for financial advisors who can service their clients for all the financial products. 

NBFCs opt for retail NCDs as mutual funds cut long-term lending News

Cyclone Fani: SBI operationalises most branches in Odisha

State Bank of India Monday said it has made operational most of its branches in Odisha, which was hit by cyclone Fani late last week.

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Indian Overseas Bank eyes to raise Rs 850 crore in FY19-20

The bank with various initiatives has turned around and the capital augmentation through these traditional ways will facilitate it to achieve the targeted profit in FY2020, IOB Executive Director K Sw

Banking & Finance News

ICICI Bank Q4 profit falls 5% on year to Rs 969 crore; key figures in nutshell

ICICI Bank reported a fall in profit at Rs 969 crore in QFY19 over Rs 1,020 crore in the corresponding quarter last year.

ICICI Bank launches ‘insta auto loan’ for pre-approved customers News

WhatsApp payment service: Trial can’t go on forever, give a timeline, says Supreme Court

WhatsApp reportedly has over 200 million active users in India and almost 1 million people are “testing” its payments service.

Banking & Finance News

Is NBFC crisis over? Here’s what HDFC MD Aditya Puri has to say

He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law.

Banking & Finance News

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

Yes Bank Friday said the Reserve Bank of India has imposed a penalty of Rs 11.25 lakh on it for violating money transfer norms.

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

IL&FS is no Lehman; NBFC crisis over thanks to govt, but problem remains: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by

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Banks get NCLAT nod to declare defaulting IL&FS accounts as NPAs

The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations.

Banking & Finance News

Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book.

Banking & Finance News

IL&FS accounts can finally be called NPAs: NCLAT green light to banks

The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal.

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Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority.

Banking & Finance News

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y.

Banking & Finance News

This housing bank, once owned by RBI, is now govt owned entity; here’s why

The National Housing Bank (NHB), once a wholly-owned subsidiary of Reserve Bank of India (RBI), has now been taken over by the government.

RBI sells entire stake in NHB, Nabard to govt for Rs 1,470 crore News

Uday Kotak’s mantra to overcome NBFCs’ challenges; three key things to know

Even as the entire financial services sector continues to remain under pressure due to a brewing liquidity squeeze, veteran banker Uday Kotak called for a very strong policy in a bid to guide the sect

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Kotak Mahindra Bank Q4 standalone net rises 25% to Rs 1,407 crore

The capital adequacy ratio (CAR) under Basel-3 norms amounted to 17.5%. The minimum CAR under Basel-3 is 10.5%.

Banking & Finance News

Analyst corner: SBI Life’s traction in protection Biz to continue

(a) New business premium (NBP) growth was lower at 14.8 y-o-y, primarily on account of lower growth of 13.7% y-o-y in first year premium.

Banking & Finance News

Kotak Mahindra Bank Q4 net profit jumps 25% on-year, asset quality stable; key figures in a nutshell

India's second largest private sector lender Kotak Mahindra Bank 's Q4 net profit met analyst estimates, as the firm reported a 25% on-year rise in net profit, even as asset quality remained stable.

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Bank of Maharashtra back in black with Rs 72 crore profit in Q4

Now that the bank is out of PCA, it will be looking at growing advances to quality corporates, retail agri and the MSME sector.

Banking & Finance News

Banks: Trends remain unchanged in MSME lending

While loan growth is healthy and NPLs are stable, private banks have been gaining market share at cost of PSBs

Banking & Finance News

Why govt is not directing RBI to disclose details about defaulters and banks’ inspections, says Congress

After that for four long years, the RBI under the direction of this government, clearly wanting to hide things, has procrastinated, has obstructed and has derailed, has avoided, and has given excuses.

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Yes Bank’s new chief focusing on compliance and governance to get onto right side of regulator

Addressing analysts hours after shocking with a Rs 1,506-crore loss in the March quarter, Gill cited a recent meeting with a large MNC to cite perception issues.

Banking & Finance News

RBI’s revised guidelines for resolution of stressed assets likely before May 23

Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and would be released soon.

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RBI to issue new Rs 20 note; here’s how ‘greenish yellow’ note looks like

The new notes will bear the signature of the RBI governor Shaktikanta Das and will have a motif of Ellora Caves on the reverse, symbolic of India's heritage.

Banking & Finance News

Clean-up has Yes Bank in Rs 1,506-cr net loss as provisions soar over nine-times

Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 cr

Banking & Finance News

Supreme Court vs RBI: Naming and shaming will curb wilful defaults, usher in transparency

Bad Loans: Supreme Court's stern warning to Reserve Bank to disclose details under RTI law will herald a new chapter of transparency in India's banking system.

RBI, Reserve Bank of India, Supreme Court of India, Bad Loans, NPAs, RTI, Loan Defaults News

Shriram City Union Finance net profit grows tenfold

Net interest income (NII) grew 8.8% to Rs 3,799 crore in FY19 from Rs 3,493 crore in FY18.

Shriram City, Shriram City Union Finance, financial instruments, impairment expenses, industry news
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