Banking & Finance

IL&FS credit crisis casts a widening gloom over India’s NBFC funding gap

Everyone is at risk from a wall of mistrust that threatens to feed through to microlenders, hurting the poor and dragging down consumption.

Banking & Finance News

SBI, Oriental Bank put stressed accounts on sale to recover dues of Rs 5,740 crore

E-bidding for SBI accounts will take place on February 27. For OBC, the e-bidding is scheduled for February 25.

Banking & Finance News

From ‘every household’ to ‘every unbanked adult’: Deposits in Jan Dhan accounts set to cross Rs 90,000 cr

According to the latest data, there were 34.14 crore account holders under the PMJDY.

Banking & Finance News

TCG to acquire stake in IDFC Securities from IDFC FHCL

The necessary definitive agreement will be signed among the parties shortly.

Banking & Finance News

IDFC posts 11-fold rise in Q3 net profit at Rs 26 crore due to tax adjustment

The company's total income was down at Rs 7.87 crore in the period under review from Rs 13.26 crore a year ago.

idfc, q3, net profit, industry news, banking sector news, April-December 2018, last fiscal, IDFC news, News

Piyush Goyal bats for easier bad loan norms, says every default not NPA on 90th day

FM Piyush Goyal said that if a borrower does not get its dues from entities like discoms, it should not lead banks to classify that borrower automatically as a defaulter.

budget 2019, budget, union budget, narendra modi, narendra modi government, pm modi, union budget 2019, economy, arun jaitley, bjp government News

Delhi HC to examine issue of banks sharing customers’ PAN data with credit rating agencies

The petition states that even the Income Tax Act, 1961, does not allow sharing of PAN data of citizens with agencies like CIBIL for the development of a credit score.

Delhi high court, banks, PAN, PAN data, credit rating, credit rating agencies, industry news

SBI slapped with Rs one crore fine by RBI for violating norms

SBI, however, did not share details of the borrower and the loan amount given to the borrower.

SBI, RBI, SBI rates, SBI norms, State Bank of India, banking news

US banks BB&T and SunTrust announce $66 billion merger

The deal is expected to close in the fourth quarter of 2019 subject to "customary regulatory approvals" as well as endorsement by the shareholders of each company.

BB&T, SunTrust, US bank, Bank merger, United States, banking news

ICICI Bank-Videocon loan case: RBI says law will take its own course

In its first reaction on the ICICI Bank-Videocon loan case, Reserve Bank of India (RBI) on Thursday said that law enforcement agencies would take appropriate action in the case.

Banking & Finance News

RBI quashes hopes of loan defaulters; no easing of one-day NPA recognition rule

In fact, it can be recalled that, one of the dozen demands in the three letters that the finance ministry shot off to RBI in October was also a changes in the new NPA recognition norms.

Rbi, rbi rate, loan defaulters, NPA, NPA recognition rule, Shaktikanta Das, banking news

RBI permits cos participating in insolvency process to tap ECB route

RBI Governor Shaktikanta Das while addressing media Thursday said, resolution under IBC is done by National Company Law Tribunal (NCLT).

RBI, rbi repo rate, ECB route, resolution process, External Commercial Borrowing, Insolvency and Bankruptcy Code, banking news

PCA exit impact! Credit positive for Bank of India, Bank of Maharashtra, Oriental Bank

Exiting the PCA will remove some of the lending restrictions, which the PCA plan imposed, on these banks.

Banking & Finance News

Bulk deposit criteria raised; now, single deposits more than this amount will qualify as bulk deposit

Banks have been given discretion to offer differential rate of interest on the bulk deposits as per their requirements and asset-liability management (ALM) projections.

Banking & Finance News

Big bank theory: Modi govt may merge PNB, OBC and PSB to create giant PSU lender

The amalgamation will be a part of the government’s efforts to create a few strong banks with much larger balance sheets to support the rising credit appetite of the economy and enable optimum utili

PNB, OBC, P&SB, DPIIT, Bank of Baroda, Dena Bank , NPA ratio of PNB,  Reserve Bank of India  News

Muthoot Finance Q3 net profit flat at Rs 485 crore

Muthoot Finance's total income for October-December quarter of 2018-19 stood at Rs 1,717 crore, up 8 per cent from Rs 1,591 crore reported in the year-ago period, the company said in a regulatory fili

Banking & Finance News

Banks need Rs 20 lakh crore deposits as credit growth jumps; may raise interest rates

Private banks with strong balance sheets and robust credit growth are expected to lead the race for deposits and will account for 55-60 percent of the incremental deposit mobilisation

Banking & Finance News

Banks may have to shell out another up to $5.6 billion for bad debt – India Ratings

The Indian banking sector has been under massive stress in the last few years as lenders have struggled with about $150 billion of bad loans that have constrained their lending ability, and in turn, h

Banking & Finance News

RBI slaps penalties on Axis Bank, UCO Bank and Syndicate Bank

The RBI said penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques.

RBI, Axis Bank, UCO Bank, Syndicate Bank, RBI penalties, Reserve Bank of India, violation of norms, banking news

IDBI may now become LIC IDBI Bank or LIC Bank

LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet.

IDBI, LIC IDBI Bank, LIC Bank, Life Insurance Corporation, Bank name change, IDBI Bank, Banking news

Former Canara Bank executive director P V Bharathi assumes charge at Corporation Bank

Canara Bank executive director P V Bharathi on Friday took charge as managing director and CEO of public-sector lender Corporation Bank.

corporation bank q1 india 2017, corporation bank profit june quarter 2017, corporation bank income retail earning npa loans News

PSU bank consolidation: Tamil Nadu Grama Bank to be formed by merging regional rural banks of Indian Bank, Indian Overseas Bank

The amalgamated regional rural bank namely ‘Tamil Nadu Grama Bank’ will be under the sponsorship of Indian Bank, with its head office at Salem.

Banking & Finance News

NPA crisis: Not just recapitalisation, PSBs must change hands

From using the old tricks of capitalising even sinking public-sector banks (PSBs) to bringing in new reforms like the Insolvency and Bankruptcy Code (IBC) to facilitate an early detection and time-bou

Banking & Finance News

SBI swings to profit at Rs 3,955 cr

The bank’s asset quality improved further, with gross non-performing assets coming down to 8.71% from 10.35% at the end of December quarter, while net NPAs improved to 3.95% from 5.61%, on the back

state bank shares, state bank of india shares News

State Bank of India posts biggest quarterly profit in nearly 7 years

State Bank of India beat expectations and posted its highest quarterly profit in nearly seven years on Friday, as the country's biggest lender by assets set aside lower provisions for bad loans and as

Banking & Finance News

Dena Bank Q3 loss narrows as provisions decreases

Provisions fell 62% year-on-year to Rs414 crore on account of fall in slippages and an increase in recoveries from non-performing assets (NPAs).

Banking & Finance News

RBI removes Bank of India, Bank of Maharashtra ,Oriental Bank of Commerce from PCA framework

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

RBI, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, PCA framework, NPA, Rajiv Kumar News
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax
Advertisement
Advertisement
Switch to Hindi Edition