Page 495 - Finance News

Former IL&FS chairman Ravi Parthasarathy arrested by Chennai police

Arrest based on 63 Moons complaint of Rs 200 cr fraud

Covid-19 pandemic impact: ICRA downgrades ratings for two MFIs

The rating action factors in the significant increase in delinquencies and the pressure on profitability and growth in light of the Covid-19 pandemic

30-day overdues in microfinance loans may double to reach 14-16%: Crisil

Collection efficiency of MFIs likely to drop to 75-80% in May, from 90-95% in March, creating asset quality pressures

'We're not experts': Supreme Court rejects plea for loan moratorium

These are all in the realm of policy decision. These are issues having financial implications and we are not the experts, the Court said

Bank of India allots shares to govt for Rs 3,000 crore capital infusion

State-owned Bank of India on Friday said it has allotted preference shares to the government for Rs 3,000 crore capital infusion.

SBI to offer Kavach personal loans at 8.5% for Covid-stressed customers

It is a collateral-free offering under which a maximum of Rs 5 lakh can be extended for 5 years

'Not an expert': SC declines to pass order on loan moratorium amid Covid

The top court said the courts are not experts in financial matters

RBI extends Risk Based Internal Audit rules to housing finance companies

RBI extends RBIA rules to all deposit taking HFCs and non-deposit taking HFCs with assets above Rs 5,000 cr with effect from June 30, 2022

Buffett bets on all-digital banks, but the world still needs Goldman Sachs

Big banks appear to be on the defensive against digital competitors, but they continue to hold the reins to large-scale credit.

RBI's 3rd tranche of open market purchase of Rs 40,000 cr G-Secs on Jun 17

The RBI will be buying bonds of 20 states in the G-SAP, which will be held on June 17.

RBI hikes ATM interchange fee per transaction from Rs 15 to Rs 17

The increase comes after 9 years

YES Bank board approves fundraising up to Rs 10K crore via debt securities

At the end of March quarter, the lender had a capital adequacy ratio of 17.5 per cent compared to 19.6 per cent as of December 31

Carlyle deal struck after due diligence, says PNB Housing Finance

Issue price arrived at after valuation by a CA, firm adds

Reserve Bank of India's third tranche of Rs 40,000 crore OMO on June 17

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SBI-controlled RRBs see four-fold jump in net profit at Rs 1,004 cr in FY21

As a planned strategy to diversify the portfolio, RRBs expanded their housing loans by 20.35 per cent, while gold loans grew 91.73 per cent

Non-life insurers' premium income rise 11.35% YoY in May to Rs 12,316 cr

Month-on-month, premium income declines 28.84% from April levels

Second wave: Too early to take call on asset quality dip, says SBI chief

Despite limited lockdowns this time, economic impact will be felt, household income takes a hit

Govt extends M R Kumar's term as LIC chairman till March 13, 2022

Kumar's term as LIC chairman was supposed to end on June 30, 2021, but the center has extended his term by almost nine more months till March 13, 2022.

M K Jain re-appointed as RBI Deputy Governor for a period of two years

Jain was appointed as deputy governor for three years in June 2018

DBS tops Forbes 'World's Best Banks' list in India for second year in a row

DBS was ranked #1 out of 30 domestic and international banks in India