Page 1021 - Finance News

Is India Inc coming back to banks?

Credit grew 11.6 per cent year on year from 9 per cent in October, but the reality could be more nuanced

Sell assets of guarantors if firms don't repay loans: Govt to banks

Gross NPAs of PSBs rose to Rs 3.61 lakh cr while that of private lenders were at Rs 39,859 cr at the end of Dec'15

ICICI Bank plans to raise infra bonds

Bank is currently evaluating issuance of long-term bonds in nature of debentures for lending to long-term projects in infra and affordable housing

Banks borrow record Rs 2.66-lakh cr from RBI

Money from system flows to govt coffers as part of advance tax outflow

NBFCs may see an uptick in NPAs: Icra

Gross NPA percentage could increase to 4.2-4.4% by year-end

Banks will go all out to recover money from Mallya: FM

Finance Minister says govt agencies are going to take strong action against Mallya wherever he has violated the law

Pak, Iran banks queue up to open branches

Bank executives said bilateral trade was of interest for these banks to have a presence in India

I-T dept eases rules to woo offshore fund managers

The changed norms relate to minimum participation criterion in the funds, advance ruling mechanism and diversified nature of the funds

SBI profitability may stay under pressure for 6-8 quarters: Moody's

ICICI Bank can absorb higher level of credit cost due to better operating profitability

IDBI Bank ATMs can be used for bond purchase

The facility of investing in G-Sec through ATM is an extension of Bank's Samriddhi G-Sec Portal

SBI to finance Uber's driver-partners

Collateral-free loans will get covered under Pradhan Mantri Mudra Yojana

Banks see a plunge in advance tax payments as NPAs bite

SBI paid an advance tax of Rs 690 crore as against Rs 1,749 crore paid in the March quarter last fiscal

Public sector banks write off 38 accounts worth Rs 8,033 crore

Big dip in advance tax payment by PSBs

Manufacturing firms report higher figures for March quarter on early list

ARCs to face capital challenges despite Budget booster

Currently, there are 16 ARCs in India; their assets under management were estimated at Rs 55,000 crore in June 2015

ICICI Bank launches contactless mobile payments solution

Through virtual cards, customers can initiate electronic payments from NFC enabled smartphones by just waving their phones near a contactless merchant terminal

Pay interest on savings a/c quarterly, RBI tells banks

While PSU banks offer 4% interest on savings deposits, private players offer as much as 6%

Big lenders submit loan documents related to Vijay Mallya's Kingfisher Airlines to ED

Banks have been asked by ED to submit all required details right from valuation, due-diligence and transactions

AU Financiers to securitise loans worth Rs 2,000 crore

AUL's key institutional investors include International Finance Corporation, Warburg Pincus and Chryscapital

Banks crack whip on debt rejig

Govt asks lenders to focus on all defaulters not just high-profile ones