Page 24 - Abhijit Lele/workspace/business Standard Web/video

RBI's new norms on wilful defaulters to come into effect from Nov 1

"Wilful defaulters or any entity with which a wilful defaulter is associated shall not be eligible for restructuring of credit facilities," the RBI said

RBI pulls up UCBs creating Dividend Equalisation Fund for payments

Gives one time permission to transfer corpus to reserves

SBI raises $750 mn via offshore term loan facility for deployment of funds

SBI's board has approved a plan to raise long-term funds up to $3 billion in single or multiple tranches in FY25

Private banks' bottom line remains healthy in Q1, bad loans inch up

Margins under pressure as cost of funds rise

MSMEs get a helping hand in Budget but challenges in financing remain

According to CRISIL Ratings' bi-annual 'MSME Report' (June 2023), the debt need of the sector is more than Rs 100 trillion. Of this, 70% is for working capital requirements alone

Spandana Sphoorty stops onboarding customers with no prior credit history

Heat wave, Lok Sabha polls hit collections, asset quality in Q1

Reserve Bank of India releases PCA framework for urban cooperative banks

The new framework will be applicable to UCBs with deposits above Rs 100 crore

Canara Bank plans to open 250 branches to boost Casa deposits: MD & CEO

CEO says bank has cushion to manage RBI's tighter liquidity coverage norms

Canara Bank's Q1 net rises 10.5% to Rs 3,905 cr; NII expands 5.7%

NIMs under pressure; dip by 15 bps to 2.90%

Avoid extra loans to borrowers with over Rs 200,000 MFI exposure

The enhanced guidelines must be issued to lending institutions to protect the interests of the microfinance sector and specifically its clients

DCB Bank Q1 results: Net profit increases 3% to Rs 131 cr; NIM's moderate

The provision coverage ratio (PCR), including written-off accounts, stood at 76 per cent in June 2024 as against 77.07 per cent a year ago

Bajaj Finserv Q1 results: Net profit increases 10% to Rs 2,138 crore

Cumulative losses from emerging businesses; Bajaj Finserv Health, Bajaj Finserv Direct and Bajaj AMC were Rs 119 crore as against Rs 82 crore in Q1 FY24

RBI revamps regulatory framework for domestic money transfer services

The changes in the current framework have been made based on recent review of various services for payments transfer

Bajaj Finance Q1 FY25 results: Consolidated net rises 14% to Rs 3,912 crore

Loan losses & provisions up 69% on muted collection efficiencies

IDBI Bank Q1 results: Net profit up 40% on sharp dip in provision, taxes

NII down 19% year on year

UCO Bank Q1 net profit more than doubles to Rs 551 cr on improved NIMs

QIP likely in Q2 or Q3 for capital raise

Poonawalla Fincorp top deck sees rejig, 5 seniors opt for early retirement

The NBFC has informed the exchanges that its five senior management personnel (SMP) have sought early retirement, while announcing the replacement

Kotak Mahindra Bank hires GT Bharat as external auditor to review IT system

The private sector lender has also beefed up internal teams to fix issues and tone up the working of the systems

Kotak Mahindra Bank Q1 results: Net profit up 79% at Rs 7,448 crore

Kotak Mahindra Bank Q1 results: The bank's deposits grew by 21 per cent Y-o-Y to Rs 4.35 trillion at the end of June 2024

L&T Finance planning to resume retail bond issuance in H2FY25: CFO Joshi

Firm stepping up borrowing through Commercial Paper to make the most of soft interest rates