Page 1010 - Finance News
9 reasons why India's rising credit card debt should worry you
The data needs to be seen in the light of slower industrial credit as well as declining debit card spends
Poor asset quality of PSBs a risk to sovereign rating: Moody's
The rating agency is of the view that it will take a strong economic growth for the overall debt burden to fall
 "Poor asset quality of PSBs a risk to sovereign rating: Moody's")
Manappuram Finance looks at inorganic growth to diversify business
Aims to expand business to reduce concentration risk from gold loan book
 "Manappuram Finance looks at inorganic growth to diversify business")
Central bank's concept paper soon on social lending
Deputy governor says decision on how to regulate the fast-growing lending marketplace will be taken based on it
 "Central bank's concept paper soon on social lending")
HDFC to raise Rs 500 crore by issuing bonds to finance housing biz
The bonds with a tenor of five years, have April 26, 2021, as the redemption date
 "HDFC to raise Rs 500 crore by issuing bonds to finance housing biz")
India's first small finance bank launched
Capital Small Finance Bank opens 10 branches in Punjab; to add nine more in FY17
 "India's first small finance bank launched")
Governor Raghuram Rajan not top-paid man at RBI
The latest available public figures, published by RBI on its website under the RTI Act, are for the period of June-July 2015
 "Governor Raghuram Rajan not top-paid man at RBI")
Banks' loss is NBFCs gain as lenders become risk averse: Report
NBFC's contribution to the economy has grown from 8.4% in 2006 to above 14% in March last year
 "Banks' loss is NBFCs gain as lenders become risk averse: Report")
Bank of Maharashtra sees gross NPAs hovering around 8% in FY16
In the preceding two quarters, gross NPAs were 7.98% and 7.86% respectively
 "Bank of Maharashtra sees gross NPAs hovering around 8% in FY16")
AIBOA to reach out to end users in anti-IDBI privatisation drive
Association to hold road shows in several cities, says govt trying to save defaulters by going for privatisation
 "AIBOA to reach out to end users in anti-IDBI privatisation drive")
Hire-purchase financier turns banker
Sarvjit Singh Samra's Capital Local Area Bank will become the country's first small finance lender on Sunday with a new name, Capital Small Finance Bank
 "Hire-purchase financier turns banker")
 "Banks Board to look at MD appointments")
Survey finds Rajan getting an extension at RBI
Economists believe Raghuram Rajan is likely to stay on as India's central bank governor after his term ends in September, a Bloomberg survey found
 "Survey finds Rajan getting an extension at RBI")
HDFC Bank Q4 net rises 20% to Rs 3,374 cr
Lender says corrective steps taken to keep asset quality stable; provisions increased to offset rise in loan book
 "HDFC Bank Q4 net rises 20% to Rs 3,374 cr")
No proposal of stake sale to L&T Finance: IDBI Bank
IDBI Bank Managing Director and CEO said there is no proposal from L&T Finance for merger
Agriculture, business loans contribute most to retail debt delinquencies
Overall retail loans increased by 17 per cent in 2015, says Equifax's InOverall retail loans increased by 17% in 2015, says Equifax's India Consumer Credit Trendsdia Consumer Credit Trends
RBI paves the way for merger of private banks, NBFCs
Amalgamation should be approved by the boards of these banks by two-thirds majority
 "RBI paves the way for merger of private banks, NBFCs")
RBI asks banks not to treat default by some firms as NPA in Q4
This will help ease the burden on banks to some extent and support their bottom line
 "RBI asks banks not to treat default by some firms as NPA in Q4")
PSBs approach RBI for relaxation in provisioning
Banking regulator has trimmed the list of companies whose loans have to be provided for against risk of failure to pay up in the March quarter
Jaspal Bindra joins Centrum Capital group as Executive chairman
Centrum Capital is looking to grow SME book to Rs 5,000 cr in five years
 "Jaspal Bindra joins Centrum Capital group as Executive chairman")