Page 1001 - Finance News

Securitisation volumes up 45% in FY16: ICRA

Three years' declining trend reversed

Axis Bank hits global market with green bonds

Axis Bank is the fifth domestic institution to sell green bonds

Jan Dhan accounts more vulnerable to frauds: RBI

In a recent case, an idle account was used for transferring large funds without the knowledge of the accounts holder

StatsGuru: Taking stock of the state of the banking sector

A look at India's Banking sector as SBI looks to consolidate its position

Banks pad up to rid AMW Motors debt

Rare strategic debt restructuring case where lenders seem to be finding a buyer for stake in the truck maker

RBI looks to check customer liability in banking frauds

RBI is also concerned about the mis-selling of products by banks

NBFCs, banks focus on shorter tenure gold loans to boost margins

A research report by India Infoline adds that the shift to shorter tenure products will help in ensuring a robust asset quality as the interest loss arising is limited

Support 2nd term for Rajan: Godrej

Godrej's remarks comes at a time when there is speculation over Rajan's future

HDFC Bank plans to open 500 branches this fiscal

About 60% of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas

PFRDA hones its media outreach strategy, to hire PR agency

Currently, 1.30 cr subscribers are registered under various schemes under NPS regulated by PFRDA

Microfinance portfolio grew 84% in FY15

Microfinance firms were able to increase their portfolio substantially, even as one of the biggest micro-lender Bandhan was elevated to a bank

Interim mechanism on cards to resolve bad loans issue: Vinod Rai

Bank Boards Bureau chairman says mechanism will be in place by June 15

RBI: Banks should increase provisioning on bad loans

Mundra says banks should increase the provision coverage ratio instead of chasing profitability

RBI's Mundra sees room for consolidation

Says cleaning up the balance sheet before consolidation is the only way to arrive at a fair valuation

Exim Bank net profit plunges 56.5% to Rs 316 cr in FY16

The company did not attribute any reasons for the massive drop in profits

IDBI Bank posts Rs 1,736-crore loss for March quarter

NPA provisions balloon to Rs 4,275 cr

After Cholamandalam, Dilip Shanghvi also drops payments bank plans

Shanghvi, IDFC Bank and Telenor Financial Services expressed interest in coming together to establish a niche bank

SBI associates' staff go on strike against merger

The employees of all the associate banks of SBI are protesting under the banner of All India Bank Employees Association

Intermediate mechanism for NPA resolution on anvil: Vinod Rai

The entire thing will be rolled out in a fortnight, Rai said without giving much details of it

Merger of six banks to cost SBI $250 million: Moody's Investors Service

The global credit rating agency says that the merger will have limited impact on bank's credit metrics