Page 97 - Abhijit Lele

Moody's upgrades IndusInd to 'stable' outlook, affirms long-term ratings

The lender's asset quality slipped marginally in the economic disruption caused by the Covid-19 pandemic, says agency.

RuPay set to expand credit card business in India, take it to masses

Introduced 9 yrs ago, the indigenous card payment network has cornered a sizeable market share, thanks to govt push

Centre will have to put more funds into public sector banks, says RBI

Governance reforms and action plans to enhance operational efficiency and customer services are integral for recapitalisation

Corporate affairs ministry investigates irregularities at Edelweiss ARC

Its shares were locked in the 5 per cent lower circuit on the BSE on Thursday at Rs 80.20 following reports of the probe

HDFC cuts interest rate on home loans by 5 basis points from March 4

The revised rate of 6.75% comes into effect today

IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit

The lender is in a better shape and the current capital base is adequate and could support growth in the next financial year

Commercial bank credit to midsize firms up 27.9%, shows RBI data

Bankers said the economic recovery has begun to translate into a rise in demand for loans.

SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score

Sanctions loans worth Rs one trillion till date in FY21

Aditya Birla Finance set to raise Rs 5,000 crore through debentures

The entity expects to increase share of SMEs and the retail segment to 65 per cent from 60 per cent in December 2020.

Central Bank of India is out of mess, stage set for PCA exit: CEO

Outgoing CEO Pallav Mohapatra says the bank will report profit in Q4FY21

Non-food bank credit grows 6% in January 2021; gold loans rise 132%

The pace of retail credit, a segment which has the maximum focus of banks, decelerated to 9.1 per cent in January 2021 from 16.9 per cent in January 2020

RBI extends deadline to apply for Umbrella entity on retail payments

34 consortiums working to file intent for NUE

India likely to grow 13.7% next year; fiscal position weak: Moody's

Indian affiliate Icra expects considerable rebound in economic growth in FY22 on the back of higher central govt spending, pick-up in consumption

HDFC Bank, Kotak Mahindra Bank to pick up 9.99% stake each in Ferbine

Tata group floats a company for retail payment systems biz

Centre lifts embargo on grant of govt businesses to private banks

Move will spur competition, promote efficiency in customer service standards

Bond market supply likely to double to Rs 70 trillion by 2025: CRISIL

This growth will have three drivers: investments, primarily for infrastructure; NBFCs and HFCs

India's economic recovery to cut bank stress, but Covid hit to be felt: S&P

While the Indian economy is on a mend, the permanent GDP loss stemming from the brunt of the coronavirus is huge at 10 per cent

Bharati Defence liquidator looks to sell company as going concern

The reserve price has been set at Rs 615 crore, according to Deloitte Touche Tohmatsu India

Shantanu Mitra to rejoin Temasek-backed Fullerton India as CEO

Rajashree Nambiar stepped down as MD & CEO in January 2021 after a three-year stint to pursue outside interests

India Ratings upgrades outlook on banking sector to 'stable' for FY22

The rating agency has upgraded its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent