Banking & Finance

RBI finally listens, gives another liquidity boost to NBFCs; relaxes asset securitisation norms

India's NBFCs, loosely known as shadow banks, are facing stress on their balance sheets after a debt crisis hit a large infrastructure funding company in September.

India's NBFCs, loosely known as shadow banks, are facing stress on their balance sheets after a debt crisis hit a large infrastructure funding company in September News

Yes Bank board to suggest names for new chairman to RBI on December 13

Yes Bank on Wednesday said its board on December 13 will recommend names for new chairman to be approved by the RBI as well as consider appointment of independent directors.

Banking & Finance News

SBI hikes deposit rates by up to 10 bps – Check new rates

The new rates ranging from 5 to 10 bps will apply to retail deposits below Rs 1 crore with immediate effect, the bank said on its website. 

Banking & Finance News

‘Poor corporate governance’ – After its parent Moody’s, now Icra downgrades Yes Bank

A day after Moody's downgraded it citing poor corporate governance, its domestic arm Icra Wednesday followed suit with a similar action, downgrading Yes Bank's long-term ratings.

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ICICI Bank plans to grow retail loan portfolio in FY 2018-19

Private sector ICICI Bank has chalked out aggressive plans to grow its retail loan portfolio in Tamil Nadu by over 40 per cent to Rs 13,000 crore during current financial year, a top official said Wed

Banking & Finance News

Government to run power play at next central bank board meeting, says report

For all the cordiality on show at the end of Reserve Bank of India's last board meeting, tensions could re-surface when it next gathers on December 14 as the government aims to ramp up pressure for ch

Banking & Finance News

Yes Bank share price crashes 10% in 2 days as Moody’s cuts rating; all you need to know

Yes Bank's share price crashed 10% in two days as rating agency Moody's downgraded its ratings and changed the outlook to negative.

Yes Bank's share price crashed 5% in the morning trade on Wednesday a day after rating agency Moody's downgraded its ratings and changed the outlook to negative from stable. News

JCCI against making J&K Bank a PSU

Jammu Chamber of Commerce and Industry (JCCI) Tuesday voiced concern over "politicising the autonomy" of J&K Bank and advised against making it a public sector undertaking (PSU).

Banking & Finance News

Kapoor vs Kapur: Finally, Rana may smoke peace pipe with Madhu – sparring Yes Bank promoters inch towards truce

The sparring promoters of Yes Bank are inching towards a truce, but there was no clarity late Tuesday over the exact status of the talks with one camp claiming it's at an advanced stage and the other

Banking & Finance News

RBI to pump in additional liquidity of Rs 40,000 crore in December

The RBI will pump in another set of liquidity in December by infusing Rs 40,000 crore into the system through open market operations (OMOs).

Banking & Finance News

Huge setback for Yes Bank! Moody’s downgrades rating; shares fall 4%

In a huge setback for Yes Bank, rating agency Moody's on Tuesday downgraded the rating of the Indian private bank.

In a huge setback for Yes Bank, rating agency Moody's on Tuesday downgraded the rating of the Indian private bank. News

Another tense RBI meeting? Govt to press for pulling some banks out of PCA in next board meet

The Indian government will push its central bank to ease lending restrictions for some weak banks and review rules governing its functioning at a board meeting next month.

One of the most contentious issues between the government and the RBI is the management of surplus. News

No reduction in NPAs of 11 banks under RBI’s PCA, but 4 banks improve profitability

The government is pushing the Reserve Bank of India (RBI) to relax PCA norms for certain banks that show an improvement in performance and allow them to restart lending.

Banking & Finance News

Debt concerns rise as 18 PSU banks’ write-offs shoot up 41.5% to Rs 9,116 crore in Q2

Indian Bank saw the steepest climb in write-offs that jumped 672% y-o-y to Rs 1,258 cr.

Banking & Finance News

RBI eases hedging norms for ECBs

The Reserve Bank Monday relaxed norms for external commercial borrowings (ECBs) by reducing the mandatory hedging provision to 70 per cent from the current 100 per cent.

Banking & Finance News

Portal for processing interest subvention on bank loans to beneficiaries launched

A portal for processing interest subvention on bank loans to beneficiaries under the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission was launched by the Ministry of Housing and Urban Aff

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RBI’s move to boost credit flow to NBFCs may not amuse banks, says India Ratings; here’s why

PCE was introduced in 2015 to help NBFCs and HFCs raise capital from insurance and provident or pension funds, which invest only in highly-rated instruments. The RBI allowed the banks to provide PCE t

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Government to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December

The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as early as next month, a senior finance ministry official said Monday.

Banking & Finance News

Whopping 2.38 lakh ATMs could be shut down; what it means for you, why there’s a threat: All you need to know

Last week, the Mumbai-based trade association for outsourcers of cash machines CATMi said that changes in the regulatory landscape have made the business unviable and they could lead to shutting down

A whopping 2.38 lakh ATMs could be shut down by March next year, Confederation of ATM Industry (CATMi) has warned. News

Freecharge co-founder to roll out Cred by December-end, raises $25 million from Sequoia, others

Freecharge co-founder Kunal Shah will roll out 'Cred' to the masses by December-end that aims to reward credit card users for making timely bill payments and offer various benefits to them.

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RBI may hold the rates baton till March, says DBS report

The Reserve Bank will hold the rates for the remainder of the fiscal year ending March 2019 and is likely to go for "measured hikes" in FY20 as inflation inches up, Singaporean lender DBS has said.

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Panel on RBI’s capital framework likely to be formed this week

The government and the Reserve Bank will likely by this week appoint members of an expert committee which will look into the economic capital framework (ECF) of the central bank.

RBI, repo rate, RBI rates, Reserve Bank, March 2019, rate hike, RBI repo rate hike, rbi rate hike, inflation, DBS News

RBI should push for fresh issuance of shares by banks to meet licensing guidelines, say investors

As the RBI deadline approaches for the Kotak Bank promoters to reduce their stake to 20 per cent, investors are getting anxious about possible scenarios given the difference of opinion between the len

RBI, RBI deadline, Kotak Bank, promoters, investors, RBI promoters, bank promoters News

Finance Ministry hopes 3-4 banks to be out of RBI’s PCA this fiscal

The finance ministry hopes that 3-4 banks would come out of the RBI's Prompt Corrective Action watchlist this fiscal, following the expected modification of guidelines and apparent improvement in bott

RBI, RBI deadline, Kotak Bank, promoters, investors, RBI promoters, bank promoters News

Nine P’s that are making microfinance work in India

In the 12 months to June 2018, microfinance companies have lent Rs. 52,000 crore to 26 million women borrowers, 99.8 percent of whom are repaying their loans regularly. Harsh Shrivastava of MFIN lists

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Shutdown of 50% ATMs may cause demonetisation-like chaos as Jan Dhan account holders queue up for cash

The closure of half of the 2.38 lakh machines in the country by March 2019 may affect millions of bank account holders under Modi government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who with

Banking & Finance News

MUDRA bad loans better than others: Modi’s Mudra loan NPAs are half of gross average

While gross non-performing assets (NPA) across all sectors in the country crossed 10% in fiscal 2017-18, the NPA level under PMMY was only 5.38% as on March 31, 2018.

Banking & Finance News
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