Page 485 - Finance News

RBI eases norms for loans given by banks to directors of other banks

The Reserve Bank of India (RBI) on Friday said banks without their boards' approval can sanction personal loans up to Rs 5 crore to directors of other banks.

YES Bank's Q1 net soars 355% to Rs 207 crore, highest since Dec 2018

The Bank's gross Non performing assets rose marginally to 15.6 per cent in the June quarter

Borrowing cost up 1.2-1.5% for small finance cos despite liquidity: Crisil

The second Covid-19 wave has likely intensified the pressure points

Citigroup appoints Rahul Saraf as head of Indian investment banking

Citigroup has appointed Rahul Saraf as the head of its Indian investment banking unit, according to a statement from the bank on Friday

RBI clarifies IDFC can exit bank as a promoter as lock-in period ends

IDFC announced receiving the RBI's approval in a notification to the exchanges

PNB Housing Finance vs Sebi: Mystery of the Articles of Association

The rigmarole over the valuation of a preferential share allotment has raised a confusing question on the status of a company's Articles of Association

RBI allows IDFC to exit IDFC First Bank as five-year lock-in period ends

The IDFC Bank was created by demerger of the infrastructure lending business of IDFC to IDFC Bank in 2015

BoB, U GRO Capital come together to launch co-lending platform 'Pratham'

Bank of Baroda and fintech platform U GRO Capital have launched a co-lending platform Pratham, under which Rs 1,000 crore loan will be disbursed to the MSME sector in the country.

PSBs' loan write-offs twice as much as govt's capital infusion in 7 years

RBI data shows, loans written-off by the private sector banks were much lower than their public sector counterparts

ICICI Bank ups ante in credit card space with fuel discount offering

Upping its game in the credit card market where it has been closing in on its bigger rival HDFC Bank, ICICI Bank on Tuesday launched a co-branded offering that gives discounts on fuel purchases.

Banks once again move top court to keep inspection reports hidden

The inspections are done by RBI and not even bank staff, except top brass, are allowed to see it. But a 2015 SC ruling telling RBI to make the reports available under RTI changed all that

Indian Bank Q1 net more than triples to Rs 1,182 cr, NIM up marginally

Bad loan recoveries helps to improve bottom-line

Irdai should monitor life insurers' expense management only: Deepak Parekh

Allowing life insurers to distribute health indemnity and NPS products will improve the insurance reach, Parekh said

Creditors got Rs 2.45 trn from 394 resolution cases under IBC: FinMin

Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims

Paytm gateway enables payment from fixed deposit account held with IndusInd

Paytm Payments Bank's customers can now make instant payments through its payment gateway using balances available in their fixed deposit account held with its partner bank, IndusInd Bank.

Light Microfinance gets $10 mn funding, calls it 'important milestone'

Three European organisations took part in the Series-A funding round.

Private lenders seen trouncing state peers in India's economic recovery

Many shareholders will be on the lookout for indications that private lenders have enhanced already stronger buffers to give them more wiggle room to step up lending in an eventual recovery

MFI consultation paper: Incrementally positive for NBFC-MFIs, says report

The paper has proposed greater harmoni­sation in the overall regulatory landscape

In IPO season, rupee caught in the middle of global and local pull

Foreign money is pouring into India when the US dollar is gaining strength against emerging markets currencies.

Several factors still hinder monetary transmission to bank rates: RBI

Although transmission of deposit and lending rates has significantly improved in recent times, several factors continue to obstruct effective monetary transmission to these bank rates, RBI has said