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Aditya Birla group to invest Rs 1,000 cr in lending, health insurance biz

Company has provided Rs 60 cr for IL&FS group exposure at Rs 220 cr; gets board nod to raise Rs 3,500 crore of equity

CARE places PNB HFC rating on watch, flags rising share of corporate loans

The action is triggered by the increasing share of the corporate loan book in PNBHFL's total loan portfolio and the consequent vulnerability arising out of weakness in real estate sector

Debt-ridden Reliance Capital ready to cede control in home finance

Blackstone, Carlyle, Brookfield, and Piramal group are in talks to buy a large stake in Reliance Home Finance (RHFL), according to sources

PNB takes Tarapur Textiles Park to DRT for $13-million loan default

A PNB official said Tarapur Textile account had turned into a non-performing asset and PNBIL (PNB International Ltd) has initiated recovery proceedings against the borrower

L&T Finance Holdings Q4 net up 94% to Rs 548 cr on rising interest margins

The net interest margins (NIMs) rose to 5.08% in Q4 Fy19 from 4.64% in Q4Fy18.

Disclosing annual inspection reports may drag RBI, banks to court

SC reprimanded RBI on Friday for not disclosing information sought under the RTI citing 'fiduciary relationship' with banks

Trying to bring Shriram Group units under one unit, says Ajay Piramal

Piramal Enterprises has a 20% stake in unlisted Shriram Capital and 10% each in Shriram Transport and Shriram City Union

Extend special loans to Jet to clear staff dues: Bank employees union

All-India Bank Employees Association praises SBI-led lenders for deft handling of Jet case

Bankers weigh all options to save Jet Airways without getting hit

Banks have reason to be circumspect about prospects of recovering money

DCB Bank to take a call on raising further capital in Q4 FY20, says MD

Q4 net up 50%; NIM to compress for two quarters on raising further capital in Q4 FY20

Jet Airways crisis: Banks stare at Rs 1,000-crore urgent provisioning

Jet cancelled all flights on Wednesday as lenders did not extend critical interim funding

Corporate credit to grow in next few quarters on working capital needs

Large-ticket loans a few quarters away despite rise in capacity utilisation: CEOs

Delays in construction cast a shadow over Essel's STP project in Varanasi

Varanasi STP Project Private Limited (VSPPL), which is 74 per cent owned by Essel Infraprojects (EIPL), is developing a sewage treatment plant at Ramana in Varanasi

Priority Sector Lending Certificates volume crosses Rs 3-trillion mark

PSLCs relating to the small and marginal farmers segment continued to be in most demand, according to rating agency CRISIL

Retail securitisation volume doubles to Rs 1.9 trillion in FY19

One of the biggest reason was that few large mortgage players returned to the market in the first quarter of fiscal 2019 after clarification that securitised assets are not liable to GST

RBI to frame new rules on recasting bad loans after SC scraps circular

The banking regulator did not consult the government before issuing the circular, which drags a bunch of companies to the IBC, the court had said

State Bank of India to reduce rate on savings deposits by 25 bps to 3.25%

The reduction in the marginal cost of funds based lending rate (MCLR) is likely to be 8-10 basis points, depending on the tenor of loans, a senior SBI executive said

Fitch retains India's credit rating at 'BBB-' with a 'stable outlook'

The rating agency said India's economy is expected to grow at 6.8% in the financial year ending March 2020

Home loan queries at finance firms down 7.9% in December quarter

In the case of banks, however, home loan enquiries showed a year-on-year increase of 9.3 per cent, says report

IIFCL to raise up to Rs 1,200 crore through bonds to improve capital base

Delhi-based infrastructure lending company has seen pressure on its capital adequacy due to higher provisions for non-performing assets