Page 509 - Finance News

Our lending book makes us bigger than some banks: ABCL CEO Srinivasan

Having grown larger than some of the banks, he tells Hamsini Karthik shareholders' value enhancement possibly through value unlocking would be something that ABCL would consider going ahead

Fewer defaults on EMI payments by consumers in March, shows NACH data

According to the data released by the National Payments Corporation of India, 32.76 per cent of all auto-debit transactions in volume terms failed in March compared to 36.6 per cent in February

Fundraising through public issues more than doubled in fiscal 2021

The Finance Ministry on Wednesday said fundraising through public and rights issues surged 115 per cent and 15 per cent, respectively, in 2020-21

Financiers buy into India's used car business amid uptick in demand

An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs

Second Covid-19 wave: Curbs beyond a month to hurt biz, says MFIN

Alok Misra, chief executive of MFIN, said recoveries and collections remained above 90 per cent level in March

Rising Covid-19 infections may hit RBI's inflation maths, say experts

Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.

Fund raising via NCDs drops 29% in FY21 on decline in credit ratings

Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21

Gold price fall not a worry for NBFCs, but banks need to be watchful

The correction in gold prices in recent months is not expected to materially impact the asset quality of non-banking financial companies (NBFCs) lending against gold: Crisil

Cabinet to take up divestment of 45.5% stake in debt-laden IDBI Bank soon

The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year

Systemic risk to stay high for Indian banks amid second Covid surge: S&P

The impact of broader lockdowns on the economy could be substantial, depending on their length and scope, S&P said in a statement

Be watchful of Covid situation, push credit flows: Shaktikanta Das to banks

Takes stock of the progress in implementing Covid resolution framework

NBFCs well prepared to face second coronavirus impact, says report

With strong capital and on-balance sheet buffers, non-banking financial companies are well prepared to deal with any impact on economic activities due to the second wave of COVID-19, a report said.

Remain watchful of evolving situation, push credit flows: RBI Guv to banks

RBI Governor Das asked banks to remain watchful of the evolving situation

HFCs loan book to grow 8-10% in FY22, stress levels to stay elevated: Icra

While HFCs are expected to regain their profitability and growth trajectory in FY22, rising Covid-19 infections and localised lockdowns remain a concern area

Fall in gold prices may not significantly impact NBFC asset quality: Report

The recent fall in gold prices is unlikely to affect the asset quality of NBFCs lending against gold in a considerable manner: report

No RTGS service for 14 hours on Apr 18, NEFT will be operational: RBI

RBI urged the member banks to inform their customers to plan their payment operations accordingly

Bank earnings: Loan growth to improve, SC gives clarity on asset quality

Lenders are expected to show quarter on quarter improvement in loan growth, say analysts.

End of the plastic smile: Tectonic change is roiling credit card industry

Tectonic change is roiling the credit card industry, and the rules of the game are being reset

Govt's move to inject Rs 14,500 cr in 4 PSBs won't raise tangible equity

According to Ind-Ra, these securities would be factored at par value rather than at the discounted value in the banks' balance sheet.

Sudden movement of the rupee is not a reason to panic, say currency dealers

According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month