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Punjab & Sind Bank seeks bids to sell Rs 403 cr bad loans in 9 accounts

Out of the nine accounts put up for sale by the lender, two accounts - Diksha Greens and Star Bazar Group - have been classified as "fraud" accounts, and only ARCs can bid for these accounts

BS BFSI Summit: RBI action on some NBFCs warranted, says K V Kamath

Kamath said that the Reserve Bank of India's action on unsecured lending and non-banking finance companies (NBFCs) was warranted

Time to open up insurance sector for 100% FDI: Irdai chief Debasish Panda

Panda spoke about the transformation the industry has undergone since he took over and what is next in store.

BS BFSI Summit: Indian data not yet ready for AI decade, say CTOs

As technology continues to advance, CTOs face the constant pressure of adopting cutting-edge solutions while adhering to stringent industry standards and safeguarding sensitive customer data

Interest rates not primary driver of deposit growth for private lenders

Top executives from private sector banks were in a conversation with Tamal Bandopadhyay at the Business Standard BFSI Insight Summit 2024

NARCL eyes acquisition of stressed loans in Bareilly, Mumbai Metro One

The consortium of lenders includes Punjab National Bank, India Infrastructure Finance Company (IIFCL), Bank of Baroda, Indian Overseas Bank, and Union Bank of India

Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months

Meanwhile, the outstanding CD ratio has moderated to 79 per cent from 80.3 per cent in March 2024

Bharti Telecom raises Rs 11,150 crore via bonds to fuel investment goals

REC looking to raise Rs 6,500 crore this week

JC Flowers seeks bids to sell Rs 2,613 crore of loans through Swiss auction

The anchor bid for the loan portfolio, which comprises 15,096 accounts, translates into a recovery of 9.08 per cent on the outstanding portfolio

Govt invites applications for RBI deputy governor's post, last date Nov 30

One of the deputy governors, Michael Patra's term ends on Jan 15

Canara Bank led consortium seeks bids to sell Rs 1,226 cr loans in MMOPL

Mumbai Metro One is a SPV that is jointly owned by Reliance Infrastructure and MMRDA

Deposits outpace credit growth after 30 months, hinting at stability

Credit growth coming off its highs has largely contributed to credit-deposit growth aligning

HDB Financial Services files draft papers for Rs 12,500 crore IPO

The lender plans to use the proceeds from the IPO to enhance its Tier-I capital base and meet future capital requirements, including those for onward lending

The bottom line: Private lenders stumble sequentially in Q2, PSBs shine

Slippages in unsecured retail portfolios take a toll on private banks; elevated credit costs hurt, too

Yes Bank looking to sell Rs 635 cr of non-performing unsecured loans

JC Flowers seeks counter bids to sell Rs 1,290 cr of erstwhile Yes Bank loans

Summit Digitel Infrastructure raises Rs 1,000 cr at a coupon rate of 7.58%

Private sector lenders Yes Bank and Axis Bank have subscribed to 30 per cent of the issue size as anchor investors. They are also the arrangers of the issue

InsuranceDekho merger to create new leader in segment, says RenewBuy

Reports have indicated that InsuranceDekho is in advanced talks to merge with RenewBuy in a cash-and-stock deal, which could value the combined entity at Rs 8,000 crore

SBI Life least affected by new surrender norms: MD & CEO Amit Jhingran

Following the company's Q2 earnings, SBI Life Insurance managing director and chief executive officer (MD&CEO) Amit Jhingran spoke on the road ahead for the company

Positives outweigh negatives in economy: RBI Governor Shaktikanta Das

Says action against NBFCs in the best interest of customers

ICICI Bank Q2FY25 results: Net profit rises 14.5% to Rs 11,746 crore

Gross NPA drops to 1.97% in Q2FY25 from 2.48 per cent in Q2FY24