Page 519 - Finance News

Private equity interest can improve governance in banks: Rahul Bhasin

PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find outstandingly well-run banks to partner with, Bhasin said

Cash logistics business is on the cusp of change as digital payments soar

Deregulation of the currency chest system will act as the game changer

Paytm crosses 1.2 bn monthly transactions, maintains leadership position

Financial services firm sees 15% month-on-month growth in offline merchant payments

RBI should be free to unilaterally decide on reverse repo, MSF: Report

The currency and finance report, which the central bank claims is not its official view, says the RBI must retain the freedom to tweak the reverse repo and MSF rate for liquidity management purposes

Central Bank of India is out of mess, stage set for PCA exit: CEO

Outgoing CEO Pallav Mohapatra says the bank will report profit in Q4FY21

RBI extends deadline to apply for Umbrella entity on retail payments

34 consortiums working to file intent for NUE

Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data

Deposits rose 11.8%

South Indian Bank to raise Rs 240 cr from life and general insurers

Lender plans to raise another Rs 510 crore to supports its Vision 2024

Video KYC: Private banks hit the ground the running, while PSBs lag

Contactless identification could be a gamechanger in the post-Covid world

IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future

India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over

Coming soon: Pay life insurance premium in advance, get a discount

IRDAI proposes to link discount with SBI savings bank rate, which is currently at 2.7%

RBI balance sheet not compromised by liquidity operations: Shaktikanta Das

The centre and state governments likely to reduce taxes to bring down high fuel prices

HDFC Bank, Kotak Mahindra Bank to pick up 9.99% stake each in Ferbine

Tata group floats a company for retail payment systems biz

SBI, Shapoorji Pallonji sign MoU to offer faster home loan approvals

As part of the agreement, customers of SBI and Shapoorji Pallonji Real Estate will be able to avail the benefits of faster processing of home loans and approvals

Upbeat on prospects in rural market, DCB Bank focuses on tractor loans

Private sector lender DCB Bank on Thursday said it is seeing a good business prospects from rural areas and wants to focus on "encouraging" tractor loans demand from the farming community.

Proposed ARC will not 'jeopardise' existing players: RBI governor

The ARC will not 'jeopardise' the activities of existing players in the space, Das said on Thursday

IRDAI approves Axis entities' stake acquisition in Max Life Insurance

In addition, Axis entities have the right to acquire an additional stake of up to 7 per cent in Max Life in one or more tranches which they intend to acquire in the next few years

Payments banks may also join private banks to offer tax, pension services

The finance ministry has now made it clear that there is now no bar on the RBI's authorisation of private-sector banks to offer government business

Top headlines: Bad bank's Swiss challenge method, pvt banks to get govt biz

India will start the next stage of vaccinating those above 60 years of age and those above 45 with comorbidities, such as diabetes and heart ailments, from March 1

Centre lifts embargo on grant of govt businesses to private banks

Move will spur competition, promote efficiency in customer service standards