Page 526 - Finance News

Option to remain a large NBFC 'very much on the table': HDFC group CEO

Mistry said he was confident that bounce back in demand for home loans would continue

Tweak in Act to grant IDBI 'bank licence' after govt offloads stake

Section 22 of the Banking Regulation Act states that no company shall conduct banking business in the country unless it holds a licence issued by the RBI

SBI Q3 net down 6.93% at Rs 5,196 cr, asset quality improves despite Covid

Net Interest Income up 3.75% to Rs 28,820 cr

Over 290,000 cyber security incidents related to banking reported in 2020

Union Minister Dhotre informed the Parliament on Thursday

RBI in focus as India looks towards bigger borrowing: Decision Guide

The benchmark repurchase rate will be maintained at 4% Friday, according to 24 of the 32 economists in a Bloomberg survey, although cooling inflation has stoked expectations for a rate cut

Millions of defaults threaten microfinance's future in Covid-hit India

Although the pandemic isn't the first crisis for the country's microfinance industry, it could be its biggest

Monetary policy: Rising yields a worry and RBI should act, say bond dealers

Rise in interest rates could hit corporate earnings, hinder economic recovery

RBI unveils risk-based audit guidelines for select NBFCs, urban co-op banks

Currently, all the entities supervised by the RBI have their own approaches on internal audit, resulting in certain inconsistencies, risks and gaps in the system

India's bad bank plan sparks concern loan prices could be inflated

There are many details about the bad bank that policy makers haven't clarified, including its ownership structure, which makes any analysis challenging

Alacrity in structure a must for takeover of bad loans: Mehta of Yes Bank

Urges three-pillared base consisting of ARCs, AMCs and AIFs to attract investors into this space, without which process could lose credibility

RBI appoints external firm to audit HDFC Bank's IT infrastructure

In December last year, irked at the repeated service outages, the RBI asked the lender to temporarily halt all its digital launches as well as new sourcing of credit card customers

Canara Bank raises Rs 120 cr by issuing Basel III compliant bonds

State-owned Canara Bank on Tuesday said it has raised Rs 120 crore by issuing Basel III compliant bonds

3 PSU banks likely to be out of PCA framework by March: DFS Secretary

The finance ministry expects the remaining three public sector banks (PSBs) to be out of the RBI's prompt corrective action (PCA) framework in two months

Tamilnad Mercantile Bank Q3 net almost doubles to Rs 181 cr on robust NII

The lender's NII was up 8.46% to Rs 428.73 cr from Rs 338.72 cr, while operating profit rose 36.72% to Rs 349.82 cr

Bad loans fall to Rs 8.08 trn in Sep 2020 from Rs 10.36 trn in Mar 2018

Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday

RBI appoints firm to audit HDFC Bank's IT infra in view of service outages

RBI appoints external firm to audit HDFC Bank's IT infra in view of service outages

Going easy on loans: FM brings transparency in off-budget borrowings

Does away with loans from National Small Savings Fund to Food Corporation of India

Budget: India to set up bad bank to manage record levels of soured debt

The firm will hold problem loans for banks, which can then be sold on to investors at a reduced price, according to plans outlined by Finance Minister Nirmala Sitharaman in a budget speech on Monday

Recapitalisation plan in the works for India Post Payments Bank

Viability plan includes Rs 2,000-crore infusion

Bajaj Finance to strengthen position in consumer finance mkt with Bajaj Pay

Bajaj Pay, the new product, is expected to be rolled out in the current quarter and is targeted at its existing customers