Page 405 - Finance News

RBI cancels registration of five NBFCs due to irregular lending practices

The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things

Govt committed to privatisation of two public sector banks: Report

According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation

Credit growth vaults in metros to 9.7% in FY22 despite second wave

The growth was 1.7% in FY21 and 4.8% cent in FY20, a pre-pandemic year

RBI cancels registration of five NBFCs due to irregular lending practices

The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things

Standard Chartered settles case with Sebi in CG Power case; pays Rs 4.97cr

Standard Chartered Bank has settled with markets regulator Sebi a case pertaining to alleged violations of norms in the matter of CG Power and Industrial Solutions Ltd after paying Rs 4.97 crore

RBI cancels registration of 5 NBFCs, cites 'irregular' lending practices

The Reserve Bank on Wednesday said it has cancelled Certificate of Registration of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.

Gold set to snap 5-session winning run by stronger dollar ahead of Fed mins

By Bharat Gautam

Muthoot Finance to raise up to Rs 300 cr via bonds; issue opens May 25

The non-banking finance company said the funds raised through this issue will be utilised primarily for lending activities of the company

Credit card spending online Rs 30k cr higher than swipes in March: RBI data

In terms of the number of transactions, credit card transactions were marginally lower online at 11 crore as against 11.1 crore offline or at PoS machines

ECB inflows to moderate on rising rates, depreciating rupee: Bank of Baroda

External Commercial Borrowings (ECBs) accounted for 36.8% of India's external debt as of the end of December 2021

The curious case of $1-billion SBI loan to debt-ridden Sri Lanka

SBI has been designated by the RBI as one among the domestic systemically important banks (D-SIBs)

Credit card spend jumps 48% to top Rs 1 trillion in March, shows data

The jump has been driven by the pickup in consumption as the pandemic recedes

RBI-constituted panel to review customer service standards in banks, NBFCs

The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.

A 'no-brainer': RBI governor Shaktikanta Das on expected rate hike in June

Says have entered another phase of 'coordinated action' between fiscal and monetary authorities

Expectation of rate hike in June 'a no-brainer', says RBI Governor

Shaktikanta Das further said in a TV interview that the RBI and govt have entered into another phase of coordinated action to cool down inflation

Govt likely to stick to fiscal deficit target, says RBI Governor Das

Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June

Bandhan Bank to increase exposure to secured loans to MSME: MD & CEO

Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said.

Paytm payments bank expects RBI curbs to be lifted in 3-5 months: Executive

The bank is working with the RBI to complete the IT audit and address the regulator's concerns, says Madhur Deora.

Explained: Do NBFCs have a better future than large, diversified players?

Non-banking financial companies may have entered a comfort zone years after having been put through the wringer

India looking at spending Rs 2 trillion more to fight inflation: Report

To fight the ongoing inflation in the global market, India is looking at spending an additional 2 trillion rupees and balance the national economy