Page 469 - Finance News

Growing small and medium businesses embrace the digital-first world

71% of growing SMBs say their business survived the pandemic because of digitisation

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said

Muthoottu Mini Financiers launches 3 zonal offices for customer experience

Muthoottu Mini Financiers Ltd, one of the largest NBFC in India, announced launch of three new zonal offices across India to upgrade operational efficiency and to provide better customer experience.

PNB cuts rate on home loan above Rs 50 lakh by 0.5 pc; RLLR by 0.25 pc

A day after SBI and Bank of Baroda announced festival season offer, Punjab National Bank on Friday slashed the interest rate on home loan above Rs 50 lakh by 0.50 per cent to 6.60 per cent

Punjab National Bank cuts repo-based lending rate by 25 bps to 6.55%

State-owned Punjab National Bank (PNB) on Friday said it has slashed the repo-based lending rate by 25 basis points (bps) to 6.55 per cent.

Collection recovery in securitisation yet to reach March 2021 levels

The performance of 143 rated securitisation deals showed the recovery has improved sentiments and supported the loan performance in June-July 2021

Asian Americans in finance say racism leads to 'bamboo ceiling' in career

Asians often fall victim to the "model minority myth," the view that they are diligent workers who have overcome discrimination to gain a solid foothold in the workplace, according to the AAAIM

Challenge for banks as outsiders Amazon, IKEA crack the finance code

Analysts say the risk for traditional lenders is that they will get pushed further away from the front end of the finance chain

Near-term risks persist for private investments, says RBI study

Those in the pipeline can get a fillip from deferred work, increasing overall thrust to private investment

State Bank of India, Bank of Baroda reduce home loan rates by 25-45 bps

For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent

UBS Principal Capital Asia sells IndusInd Bank's shares worth Rs 354 cr

UBS Principal Capital Asia Ltd on Thursday sold IndusInd Bank shares worth nearly Rs 354 crore through an open market transaction

RBI nod to special committee to oversee operations at Ujjivan SFB

The Reserve Bank has given its go-ahead to Ujjivan Small Finance Bank (SFB) to form a special committee of directors to oversee operations in the absence of an MD and CEO

Top headlines: FM lays out bad bank framework; Airtel to opt for moratorium

Business Standard brings you the top stories from today

FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank

Banks have identified bad loans worth Rs 90,000 crore to be transferred to NARCL in the initial phase, says Finance Secretary Debasish Panda

SBI reduces home loan rates, standardises them ahead of festive season

It will offer credit score-linked home loans at 6.70% irrespective of the loan amount; distinction between salaried and non-salaried borrowers removed

SBI cuts home loan interest rate to 6.7%, waives processing fees

SBI announces festive bonanza for home buyers

Srei Infra CEO Rakesh Bhutoria steps down on salary issue: Company filing

Srei Infrastructure Finance (Srei) on Wednesday said its chief executive officer (CEO) Rakesh Kumar Bhutoria has resigned, mainly on account of the salary payment issue that has impacted team morale

Indian Banks' Association to steer 'EASE reforms' in public sector banks

EASE agenda is aimed at institutionalising clean and smart banking

Private lender RBL Bank resumes credit cards issuance to new customers

Plans to issue 1.2-1.4 million cards in the current financial year (FY22)

Forbearance gives Indian banks time to build capital buffers: Fitch

No need for equity capital till FY25 to meet 8% CET1 level