Page 15 - Manojit Saha

Commercial banks for 1-2% project finance provisioning; RBI proposed 5%

Industry sees short-term pain

Want to bring down retail loan growth: YES Bank MD & CEO Prashant Kumar

Kumar says the core capital of the bank is set to improve after investors - Carlyle group and Advent International - convert the warrants into equity

Go First won't move against Delhi High Court order, set for liquidation

Go First filed for bankruptcy in May 2023. Since then, the lessors of these aircraft have been locked in a battle with the former owner of the airline and others to take control of their aircraft

RBI proposes floor for banks' loan exposure for project finance

Standard asset provision suggested at 5 per cent in a phased manner

Small finance banks to seek RBI clarification on loan book diversification

The AU SFB board will discuss future course of action soon. It says the focus is now on integrating with Fincare

RBI proposes to bring NBFCs, co-op banks under operational risk norms

The 2005 guidance on the issue, which will be repealed, was aimed only at commercial banks

Jana SFB may apply for universal bank licence in next financial year

Last week, the Reserve Bank of India spelt out a glide path for SFBs to convert into universal banks.

RBI tells Kotak Mahindra Bank to stop issuing new credit cards

Will work with RBI to swiftly resolve pending issues, says Kotak Mahindra Bank

Axis Bank Q4 results: Reports net profit at Rs 7,130 crore, NII rises 11%

NII grew 11% to Rs 13,089 cr, while fee income grew by 23% to Rs 5,637 cr

Loan for Vodafone Idea: Banks to check liabilities repayment schedule first

Telecom company Vodafone Idea needs to raise about Rs 25,000 crore through loans

Lok sabha polls: Can Ashok Chavan swing it for BJP in Maharashtra's Nanded?

The BJP has again fielded sitting MP Prataprao Patil Chikhalikar who humbled Chavan in the 2019 Lok Sabha elections by over 40,000 votes

Extreme weather conditions, crude pose inflation risk: RBI Bulletin

Patra says that economy must grow at 8-10% in next three decades to take advantage of demographic dividends

Lok Sabha polls: BJP's bastion gears up for a triangular contest in Akola

For the 2024 Lok Sabha polls, the BJP has fielded Sanjay Dhotre's son, Anup Dhotre, against the Congress' state committee general secretary Abhay Patil

Raising capital may be priority for incoming Dhanlaxmi Bank's CEO

Ajith Kumar K.K. will be fifth chief executive of Dhanlaxmi Bank in 9 years

HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation

The one-time ex-gratia payment is a way to motivate the young workforce, said HDFC Bank CEO

Life insurers log 15.6% growth in new biz premium in March, shows data

In the financial year ended March 31, 2024, NBP grew 2 per cent, mainly due to LIC, which saw a decline of 4 per cent. Private sector players reported a growth of 12 percent in FY24

RBI's monetary policy committee refuses to drop its guard on inflation

"We should stay the course and remain vigilant', says RBI Governor Shaktikanta Das

Universal bank licences: Here are key changes in licensing criterion

Two new sets of banks - small finance banks and payments banks - have also started operations under differentiated licensing norms

Rupee, reserves: Calibrated approach taken by RBI in managing exchange rate

The RBI stepped up its intervention in the foreign exchange market in 2022, resulting in a sharp fall in foreign exchange reserves

Deposit rates raised by public sector banks higher than private peers

The share of bank loans bearing over 8 per cent interest rates increased from 47.2 per cent in March 2022 to 78.9 per cent in March 2023, and further to 83.7 per cent in December 2023