Page 491 - Finance News

Private sector banks' share in loans rises to 36.5% in FY21

Surpass other bank groups in terms of loan growth

Cabinet may soon clear proposal for govt guarantee to bad bank

Indian Banks' Association (IBA), entrusted with the task of setting up a bad bank, has pegged the government guarantee to be around Rs 31,000 crore.

Half of India's working population of 400 mn people credit active: Report

Credit institutions are fast approaching a saturation level in new customers as over half of the borrowers are from the existing customer base of a bank: report

Co-operative banks can't outsource core management functions: RBI

The RBI said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions

A $27 billion pile of stressed debt looms over India's new bad bank

The new institution, which is set to start operations by end of June, is likely to handle stressed debt worth $27 billionover time, which would be about a quarter of non-performing debt load

Statsguru: What bank deposits data tells us about Covid disruption

Deposits grew fast in the period when consumption got hit due to restrictions and precautionary behaviour.

Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22

NBFC firm Moneyboxx Finance Ltd, which provides small-ticket loans in tier-2 and tier-3 cities, said it aims to triple loan disbursement to Rs 180 crore during 2021-22 by expanding its operations.

Panel meets to thrash out regulatory issues, speed up bank privatisation

A high-level panel headed by the cabinet secretary recently held a meeting to cut regulatory and administrative issues so that the proposal could be placed with the group of ministers on disinvestment

Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront

Jagdishan took over from his larger-than-life mentor Aditya Puri

PNB HFC-Carlyle pact: Deal complies with guidelines, PNB board told

The government is looking at the issue and is awaiting Securities Appellate Tribunal order due on July 5

SBI ready to meet credit growth spike, expects loan book to grow 9% in FY22

Khara said FY22 had begun with an unexpected second wave of Covid-19 infections

Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31

There was considerable buzz among depositors after RBI gave in-principle nod to Centrum Financial Services and BharatPe to set up an SFB in lieu of a restoration scheme of PMC Bank

RBI sets rules for appointment of MDs, WTDs of urban cooperative banks

The minimum age of a person should not be less than 35 years and not more than 70 years any time during the tenure

RBI extends restrictions on beleaguered PMC Bank till December 31

RBI has, on June 18, granted 'in-principle' approval to Centrum Financial Services Ltd (CFSL) to take over PMC Bank via small finance bank (SFB) route

Moody's affirms ratings for IDBI Bank's long-term deposits at "Ba2"

Flags increased uncertainty over level of govt support despite improvement in asset quality, capital and funding

RBI tightens dividend payout norms for NBFCs, links them to bad debt

NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years

PNB Housing Finance board followed all due processes: Finance Ministry

Remarks come a day before PNB board meeting

YES Bank loan fraud: CBI books former CG chairman Gautam Thapar, others

The case has been registered on a complaint, dated May 27, 2021, from Chief Vigilance Officer of the bank Ashish Vinod Joshi

Union Bank of India raises Rs 850 crore through bonds

State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis

Using digital currencies abroad hits logjam, but pandemic may have solution

Without coordination between companies and regulators, e-CNY, FedCoin, Britcoin will all remain trapped in silo.