Page 496 - Finance News

NARCL headhunting for core team begins ahead of launch in July

Invites quotes from Aon to help it in the hiring process

Analyst optimism on State Bank of India reaches a 17-year high, shows data

Among 48 analysts who cover the stock, 47 recommend buy and only one has a hold rating - a ratio of 98 per cent that's the highest since June 2004, according to data compiled by Bloomberg

PNB examining proxy advisor's concern on deal with Carlyle Group

The deal has split proxy advisory firms, which expressed divergent views on the proposed infusion in PNB Housing

DHFL: 63 moons to challenge NCLT's approval for Piramal's resolution plan

63 moons believes that the resolution plan is against interest of all DHFL's creditors, including NCD holders

RBI asks banks not to destroy CCTV recordings of demonetisation period

Banks advised to preserve CCTV footage from branches, currency chests between Nov 6, 2016 to Dec 30, 2016 until further notice

BS Number Wise: Cash is king, once again. Should you be worried?

A BS analysis shows that a crisis leads to a higher demand for money, which is complemented by an increase in currency in circulation

Pvt cos may issue e-invoice: Fintech see scope in data, access to biz users

While e-invoicing alone may not generate high revenues, the key lies in the way fintechs leverage the data of enterprises to offer other products such as credit or supply chain finance

SBI union, others urge RBI to scrap digital payments plan: letter

The letter urged the central bank to scrap the "whole process of NUE licensing"

State-owned banks getting ready for privatisation may come out with VRS

VRS is not forced exit but option for those who would like to take early retirement

ICICI Bank says mobile app has 2 million customers from other banks

The bank opened its banking platform to all in December 2020.

Carlyle-led investment plan in PNB Housing unfair to stakeholders: SES

Governance watchdog recommends shareholders vote against the PNB Housing's board resolution approving preferential allotment.

Banks offering higher interest rates on FDs to encourage Covid vaccination

In a bid to encourage more COVID-19 vaccination, some state-owned lenders have announced higher interest rates on deposits, but for a limited period.

Piramal Group's resolution plan for beleaguered DHFL gets NCLT nod

Piramal's plan offers to pay Rs 37,250 crore, with upfront cash of Rs 12,700 crore.

HSBC names company veteran Hitendra Dave as CEO of India business

Hitendra Dave is a member of Reserve Bank of India advisory committees.

Reserve Bank imposes penalty on Bank of India, PNB totalling Rs 6 crore

The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms

Lenders can realise Rs 55,000-60,000 crore from IBC cases in FY22

Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts

Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report

The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.

With borrowers unable to service loans, shadow banks are in for more pain

The bulk of the NBFC business is cornered by the top ten players, and they include several state-run entities.

Expect Rs 6K-cr loans to be restructured: PNB MD & CEO Mallikarjuna Rao

Under restructuring 1.0, PNB received requests for restructuring Rs 11,000 crore in corporate, retail, and MSME loans.

Why Bitcoin's wild ride bodes well for the future of digital cash

Digital cash with in-built, self-executing software code will alter the future of money in a way that cryptocurrencies never could