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PTC India considers selling controlling stake in its Financial Services arm

PTC financial Services, on standalone-basis, reported a sharp drop in annual profit to Rs 109.99 crore for FY20 from Rs 184.14 cr in FY19

L&T Finance Holdings Q1 PBT falls 86.63% to Rs 99.26 cr, impairment rises

The advances shrank by 1 per cent YoY to Rs 98,879 crore at end of June 2020 from Rs 99,904 crore in June 2019

Genpact, UPL Corporation won't be impacted by India downgrade: Moody's

Rating agency says RIL, TCS, Infosys among five Indian companies that meet norms for being rated above sovereign

Union Bank revamps Insurance distribution channels post amalgamation

Bank executives said Reliance General Insurance is no longer part of tie-up under new arrangement

$50 million loan spat: YES Bank plans to appeal against Essel order

YES Bank has Rs 8,000-crore exposure to Essel Group

Moody's extends review for downgrade on Hero FinCorp's Baa3 rating

The expectation was that the company's asset quality will deteriorate on the back of rising loan delinquencies and defaults

Liquidity and asset quality risks for Indian NBFI to continue, says Fitch

Risks due to impact of coronavirus pandemic on borrowers' repayment capabilities and the effects of the moratorium on collections, says ratings agency

World Bank grants India $750 mn emergency funding to help small businesses

Some 1.5 million businesses in MSME sector will get liquidity and jobs will be saved as a result, says World Bank.

Indian banks will need $15 billion capital to meet Tier I norms: Fitch

The amount could rise to about $58 billion in a high-stress situation where the domestic economy fails to recover from the coronavirus pandemic-related disruption.

Covid-19 crisis: Banking credit shrinks 1.7% in May as lockdown bites

According to Reserve Bank of India (RBI) data, gross bank credit was down to Rs 91.08 trillion in May, from Rs 92.63 trillion in March.

Covid-19 pandemic may set back banks' recovery by years, says S&P

It also expects non-performing assets (NPAs) to hit a fresh high this year.

HDFC Bank plans to raise Rs 50,000 crore through AT1, infra bonds

The bank has sought shareholders' approval to issue unsecured perpetual debt instruments (part of AT1 capital), and tier-II capital bonds.

RBI's one-time restructuring scheme may be limited to Covid-hit sectors

Firms from the aviation, hospitality, and retail sectors are expected to be allowed to avail of the new scheme

Statsguru: A look at the performance of UCBs as RBI gets more control

Following the Punjab and Maharashtra Co-operative Bank crisis, there has been a growing call to give more teeth to RBI in regulating such banks

SBI sanctions Rs 20,000 cr loans to MSMEs under credit guarantee scheme

SBI's SME loan portfolio shrunk by 7.27 per cent to Rs 2.67 trillion in March 2020 from Rs 2.88 trillion in March 2019

Weak assets of Indian banks may shoot up to 14% by March 2021: S&P

The tough operating conditions could lead to a rise in non-performing loans (NPLs) and credit costs. It may also result in delay in recoveries for the banking system

Gross NPAs of HFCs are estimated to increase to 2.5-3% in FY21: Icra

The situation in the non-housing segment is expected to be worse

S&P downgrades Axis Bank's issuer rating over risks to Indian banking

Affirming the ratings on 7 other Indian banks, the rating agency said that it expected a very high likelihood of government support underpinning its ratings on government-owned banks

Indian banks' overseas business grows 7.5-43.1% in FY20, shows data

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

EXIM Bank is planning to raise $2 bn by end of CY20: MD David Rasquinha

Managing Director David Rasquinha said the bank has enough resources to repay bonds ($500 million) maturing in August.