Page 490 - Finance News

LIC HFL cuts home loan rates to all-time low of 6.66% for select borrowers

Mortgage financier LIC Housing Finance on Friday said it has reduced its interest rates to 6.66 per cent for home loans up to Rs 50 lakh.

RBI red flags concerns around big tech in financial services sector

Concerns such as level playing field with banks and operational risks have intensified lately: RBI

Tech giants' growth in digital financial services poses stability risk: RBI

India has seen massive interest from deep pocketed global technology players in recent years as Amazon.com Inc., Alphabet, others.

India agrees to landmark global tax framework on taxing multinationals

India has agreed to a pathbreaking international framework with 129 other countries for taxing multinationals that could impact its ability to tax them

'Levels often deceptive': 5 reasons why India needs to up record forex pile

The reserve touched a record $608 billion last month due to RBI soaking up dollars.

Bad debts to rise due to Covid, but banks adequately capitalised: RBI FSR

The ferocity of the second wave of Covid-19 has dented economic activity, but monetary, regulatory and fiscal policy measures have helped stabilise markets, and maintain financial stability, says FSR

MSME, retail loans pose higher slippage risk for lenders: RBI FSR

The second Covid wave has sharply affected credit demand, with a steep fall in inquiries across product categories in April 2021

Centrum seeks 20 years to repay DICGC for settling depositors' claims

Centrum's role in the small finance bank will be mainly on the asset side and will focus on lending to small and medium business. Bharat Pe will focus on the liabilities side

Asset quality of banks remained stable during pandemic year: RBI FSR

With debt recast at only 0.9% of total loans, banks fare much better than RBI's doomsday projection on bad loans

RBI's Financial Stability Report: A bag of surprises

Credit should go to the RBI and banks for managing the situation. The plan of giving moratorium during tough times and rolling back the same has helped to keep things under check

Bank holidays in July 2021: Full list of days banks will be shut in India

List of bank holidays in July, 2021: All private and government sector Banks to remain closed for nine days in the month of July. Check details below

Retail, farm credit get traction in May amid Covid-induced slowdown

Credit to Mid, small units also see higher growth

Wilful defaults fall marginally in pandemic-hit FY21: TransUnion CIBIL data

The pandemic year saw a marginal fall in the number of cases marked as wilful defaulters by banks

RBI ban on new credit cards sale hit market share, says HDFC Bank

The bank promised to get back to the market "with a bang" once the "temporal" embargo is lifted

Personal loan offtake rose in fiscal year 2021, industrial loans contracts

The bank credit scenario in the country witnessed a sharp contrast in terms of sectoral credit offtake in FY21

Indian banks will face heat of second Covid wave in H1 of FY22: S&P

Credit losses should remain high at 2.2 per cent before recovering to 1.8 per cent, says rating agency.

PMC Bank gets some cooperative support, but revival to take time

The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs being allowed entry in this space

Axis Bank sees 10-times growth in daily volumes in online shopping fest

Even as policy makers grapple with ways to revive demand, an online sale fest launched by Axis Bank offering 15 per cent discounts is witnessing a 10-times surge in daily volumes

Averse bankers, willing RBI push companies towards the bond market

The corporate bond market is still dominated by financial companies, but non-financial companies have marked their presence in the past one year

Banks so far lent 90% of Rs 3 trn under emergency credit scheme: Report

Banks have so far lent 90 per cent of the Rs 3 lakh crore under emergency credit line guarantee scheme announced last year to help small businesses tide over the pandemic