Page 514 - Finance News

ICICI Bank enables customers to break high-value transactions into EMIs

ICICI Bank customers can break their high value transactions of over Rs 50,000 into suitable EMIs directly on its internet banking platform to make their purchases more affordable, the lender said on Wednesday.

Loan moratorium case: NBFCs want govt to refund interest on deposits

Iyer said the penal interest would add up only trite as NBFCs are typically small ticket loan suppliers

Govt may seek details of interest on interest charged by banks

Government may ask banks to provide details of interest on interest collected by them for loans exposure of over Rs 2 crore.

SC lifts NPA standstill, rejects moratorium extension and interest waiver

No interest on interest on moratorium loans

Bank stocks lift indices after Supreme Court order on loan moratorium

Reversing last session's losses, the 30-share BSE Sensex ended 280.15 points or 0.56 per cent higher at 50,051.44

Transferring bad debt to ARC at book value just window dressing: Experts

Asset valuation should be left to market forces to help attract investors and create a healthy distressed debt market, say experts.

Loan moratorium: SC ruling clears overhang for banks, sets path for action

Liability seen at Rs 8,000 cr if govt does not foot the bill; more transparency expected, loan recoveries to start

RBI defers limits on non-centrally cleared derivative exposures for banks

The Reserve Bank on Tuesday deferred applicability of limits on non-centrally cleared derivatives exposures for banks till September-end.

Supreme Court lifts blanket ban on NPA classification

The Supreme Court has also ordered waiver of compound interest for all borrowers who availed the loan moratorium

Bank NPAs declined to Rs 5.70 trillion at December-end: Anurag Thakur

Non-performing assets of banks declined to Rs 5.70 trillion in December 2020

IDBI Bank to seek approval for Rs 8,000 cr rupee bond borrowing for FY22

IDBI Bank on Tuesday said it is seeking approval for rupee bond borrowings worth Rs 8,000 crore for the next fiscal.

SC's compound interest waiver may have impact of Rs 7,000 crore: Analysts

Banks unlikely to be impacted a lot as the level of debt recast had been low

Moratorium verdict: Prepare for shock when a more realistic picture emerges

Loan Moratorium verdict: It also declared that compound interest will not be charged for the period of moratorium.

No compound, penal interest be charged during loan moratorium period: SC

The Supreme Court directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period, which was announced last year amid the Covid-19 pandemic

RBI sets up external advisory committee for evaluating banking applications

The committee set up by the RBI has five members with Shyamala Gopinathan, former deputy governor, RBI as the chairperson

Paytm payment gateway registers over 750 mn monthly transactions

Digital payments services firm Paytm said its payment gateway now registers 750 million transactions on a monthly basis.

RBI hits out at bond vigilantes for risking 'nascent' recovery

In its state of the economy report, the central bank urged the local investors to help it ensure an 'orderly evolution of the yield curve'

HDFC Bank's MSME book grows 30% y-o-y to cross Rs 2 trillion-mark

HDFC Bank's MSME book grew 30 per cent year-on-year to cross the Rs 2-trillion-mark as of December-end, mainly boosted by the pandemic-induced ECLG scheme under which it disbursed over Rs 23,000 crore

Our digital transactions have gone as high as 67% now: SBI Chairman

SBI has seen an increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent now, Chairman said

IDBI warns against fake job offers, says no agency hired for recruitment

IDBI Bank on Friday cautioned the public against fake job offers in its name and said it has not hired any agency for recruitment or collecting money.