Page 472 - Finance News

Bank of India ties-up with MAS Financial Services for co-lending

State-owned Bank of India (BOI) on Tuesday said it has entered into a co-lending arrangement with MAS Financial Services for MSME loans.

Tamilnad Mercantile Bank files DRHP with Sebi for Rs 1,000 cr IPO

The IPO will include an issue of 15.83 million fresh equity shares at a face value of Rs 10 each and an offer for sale of up to 12,505 shares by promoters and existing shareholders

Equitas SFB expects to recast loans up to Rs 700 crore by December

Total advances restructured under Covid 1.0 and 2.0 stand at just over Rs 1,300 crore, which comprises around 7.5 per cent of gross advances

YES Bank seeks removal of Jawahar Goel, 4 others from Dish TV board

YES Bank has given a special notice under Section 169 of the Companies Act, 2013, which seeks the removal of Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal, and Ashok Mathai Kurien, besides MD

Madhya Pradesh HC stays RBI notification on urban cooperative banks

The Madhya Pradesh High Court has stayed an RBI notification related to appointment and removal of managing directors and whole-time directors in Urban Cooperative Banks (UCBs) operating in states

SBM Bank partners with OneCard to launch mobile-based credit card

SBM Bank on Monday said it has partnered with fintech player OneCard to launch a mobile-based credit card

Indiabulls' bond sale will test investor confidence in shadow banks

Indiabulls Housing is seeking to raise as much as 10 billion rupees through the sale of notes that open for subscription on Monday

CreditAccess Grameen sees default risk dip in 30-day bucket in August

Collection efficiency rises to 99% in August

PNB board to meet on Sept 10 to consider raising capital via AT-1 bonds

The capital would be raised in one or more tranches, the lender said in an exchange filing

Indiabulls Housing Finance books Rs 500 crore of co-lending business

At the start of FY22, the mortgage lender tweaked the business model to incrementally focus on the co-lending space by sharing risks and loan book with other banks or housing finance companies

At FSDC meet, regulators told to keep a watch on financial sector

Officials stress need to strengthen resolution framework for financial institutions

LIC picks up 4% stake in Bank of India via open market transaction

LIC has picked up nearly 3.9 per cent (15,90,07,791 shares) of the bank through open market acquisition

RBI imposes Rs 50 lakh penalty on Bombay Mercantile Co-operative Bank

The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 50 lakh on Bombay Mercantile Co-operative Bank, Mumbai for deficiency in regulatory compliance.

RBI nod to Jammu & Kashmir govt to acquire over 16.76 cr shares in J&K Bank

The Reserve Bank has accorded approval to Jammu & Kashmir government to acquire over 16.76 crore shares in J&K Bank on preferential basis.

FSDC asks regulators to keep constant vigil on financial sector

The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Friday discussed a host of issues concerning the economy and underlined the need for keeping a continuous vigil on financial sector

Google Pay will always partner with existing financial system: Biz head

Sajith Sivanandan also dwells on instances where certain offerings have been reported as 'Google Pay's offerings', fueling misinterpretation

HDFC Bank exec says RBI MPC disagreement is no reason to flee market

Investors shouldn't worry about surprise losses and can keep their positions for now

Reliance's cheap JioPhone can unleash a credit revolution across the globe

A small band of policy influencers may unlock the next big prize for banks: the billions who operate outside the formal finance sector.

Bank of India looks to cut govt stake with follow-on equity offer in FY23

It is keen on bringing the holding down to 75%, which Sebi has been advising, the bank's MD and CEO Atanu Kumar Das said

PMC Bank fraud: ED attaches HDIL group's shares worth Rs 233 crore

ED said it has attached partly-paid compulsorily convertible preference shares worth Rs 233 crore of HDIL group companies in the alleged multi-crore-rupee PMC Bank fraud and money-laundering case