Page 513 - Finance News

Govt not interested in footing Rs 8,000-cr moratorium bill for banks

Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said a top govt official

HDFC Bank customers face difficulty in accessing net, mobile banking

Vent frustration on social media; bank has faced similar issues in the past

Automatic recurring payment to comply with RBI direction from April 1

As part of risk mitigation measure, RBI announced this step to bolster safety and security of card transactions

Your auto payments for phone bills, OTT subscriptions may fail in April

Transactions worth more than Rs 2,000 cr expected to be affected as RBI refuses more time to comply with new pre-debit notification rule

Retail loans set to become largest segment for Indian banking industry

Lenders depending on personal loans rather than industrial credit

IPV and the science, art and psychology of early stage investments

The angel network plans to increase its investor base beyond 5,000; double the number of investee firms and corpus for 2021

FDI in insurance may shorten break-even period by 3 years: IIM Indore study

Currently, operating and commission expenses of private insurers are said to be thrice those of public counterparts. It is here that a hike in FDI limit will give the former a level-playing field

Market in distressed assets may be huge, but deal-making faces headwinds

With the Supreme Court vacating the one-year breather on the filing of insolvency proceedings, it's back to the grind on the bad-loans front

We will make haste, but slowly: SBFC Finance founder & CEO Aseem Dhru

Backed by the Singapore-based Clermont Group and Arpwood Partners, SBFC Finance wants to redefine the play in lending to micro-enterprises

Sustainable bond issuance volumes of FIs, DBs to approach $300 bn in 2021

According to Moody's Investor Service, this expectation is based on the average annual rate of growth in green bond issuance since 2015

BharatPe plans to lend Rs 7,000 cr, become 'bank for all' small businesses

Sequoia-backed firm, which is set to become the next unicorn, provides payments technology and digital lending to traditional businesses.

Manappuram Finance looks to take MFI arm Asirwad Microfinance public

Manappuram Finance, the second largest gold loan company in the country, is toying with the idea of hiving off and taking its microfinance arm Asirwad Microfinance public within a year, a top company official said.

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

Banks to conduct special clearing operations for closure of govt accounts

Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said.

AU SFB has to pass asset quality test after raising funds: Analysts

The stock has corrected by about 12 per cent after touching a high of Rs 1,315 a share on March 9

Govt infuses Rs 5,500-crore equity capital into Punjab and Sind Bank

With the allotment, Government of India holding has increased from 83.06 per cent to 97.07%

Asia Pacific banks to face portfolio valuation losses as yields rise: Fitch

A rise in yields for long-dated sovereign bonds will result in near-term losses for the A-Pac banks as they recognise valuation changes on their available-for-sale bond portfolios, according to Fitch

Regulation should not constrain innovation in fintech space: RBI Guv Das

Underlining the need for innovation in the financial sector for effective service delivery, RBI Governor Shaktikanta Das called for effective regulation that should help innovation

Banking on crisis management: Meet Gopinath, head of SEAC on bank licences

Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high finance in India

Bad loan recognition likely to weigh on stocks of public sector banks

Earnings improvement over two quarters was without proportionate lending growth