Page 459 - Finance News

Atleast 50% of retail, MSME loans to move to digital lending: Union Bank MD

Close to 50 per cent of retail and MSME loans offered by banks will shift to digital lending platforms over next two to three years, Rajkiran Rai G said on Thursday.

PMC Bank fraud case: HC rejects Rakesh Wadhawan's medical bail plea

The Bombay High Court refused to grant bail on health grounds to jailed businessman Rakesh Wadhawan, accused of money laundering in the multi-crore PMC Bank fraud case

India on course for open access in its markets: RBI deputy governor

RBI deputy governor T Rabi Sankar said there was an effort to liberalize foreign portfolio investor flows into Indian debt further with the introduction of the Fully Accessible Route

Dish TV board cites rules, rejects YES Bank's demands to hold EGM

The lender, which holds 25.93% stake stake in Dish TV, had sought the removal of the firm's directors Jawahar Lal Goel and four others, and appointment of its own nominees

RBI bars Srei Infrastructure auditor Haribhakti & Co for two years

The audit firm, which is also a regular auditor of important banks, including state-owned banks, has been debarred under section 45MAA of the Reserve Bank of India Act

RBI issues SFB licence to Centrum-BharatPe consortium

'Unity Small Finance Bank' will start with at least Rs 1,500-cr loan book, says Centrum

Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis

HDFC Bank was ranked seventh with a market cap of $119 billion

RBI authorises Karur Vysya Bank to collect direct taxes on behalf of CBDT

Karur Vysya Bank said it has commenced the integration process with the Central Board of Direct Taxes to collect direct taxes on its behalf, following the approval it received from the Reserve Bank

RBI issues small finance bank licence to Centrum-BharatPe consortium

The consortium will take over the assets and liabilities of Punjab and Maharashtra Co-operative Bank

Gold loans firms' FY22 book to grow at 18-20% on tiny biz demand: Crisil

Working capital needs drive uptick in demand; gold loans taken by individuals support uptrend

Bajaj Finserv cuts home loan interest rate to 6.70% per annum

The rate of interest for salaried and professional applicants now starts from 6.70%* p.a. - 0.05% down from the earlier 6.75%* p.a.

Earnings preview: Bank profits to show steady rise despite provisions

Rise in stressed assets may not push bills for provisions as lenders maintain higher provision coverage ratio for few quarters

Finance companies sell Rs 25,000 cr loans in Q2FY22, up 65% year-on-year

Activity rises as investors' fears over collections ebb

RBI issues revised operational guidelines on on-tap SLTRO scheme for SFBs

The Reserve Bank of India on Monday issued revised operational guidelines on the special long-term repo operations scheme for small finance banks

RBI imposes Rs 30 lakh penalty on Janata Sahakari Bank, Pune

The RBI on Monday said a penalty of Rs 30 lakh has been imposed on Janata Sahakari Bank Ltd, Pune for non-compliance with certain directions

FY22 credit growth turns positive first-time ever

What stands out this time around is that positive growth happened despite a more debilitating impact of the second wave of the Covid-19 pandemic

ICAI against exempting small firms from mandatory statutory audit

Says NFRA has no jurisdiction over MSMEs

Global climate action: Indian banks need to accelerate green financing

Indian banks need to move away from financing fossil fuels projects and prioritise lending to renewable energy and other environmentally sustainable projects

Monetary policy review: Liquidity step was needed, say bond dealers

The RBI stopped the Government Securities Acquisition Programme (G-SAP), through which it has infused Rs 2.2 trillion of liquidity in the system

RBI-speak: Don't want to rock the boat when shore is visible, says Das

'We have flagged the issue of fuel (taxes). Now, it is for the government to make a decision'