Page 527 - Finance News

Budget 2021: All eyes will be on the package FM unveils for state-run banks

A status check on the consolidation of four sets of state-run banks offers clues to the hard decisions that are needed, write Abhijit Lele and Raghu Mohan

Legacy insurers can't go digital overnight, says Oracle's Prasad Rai

Insurers will also need to introspect and bring about changes internally, according to PRASAD RAI, vice-president, Global Strategic Clients Group at Oracle, who spoke to Raghu Mohan

After RBI's paper on new regulatory framework, what next for NBFCs?

Over the last five years, their balance sheet more than doubled to Rs 49.22 trillion

IndusInd Bank looks to grow loan book by 15-18% for next 2 financial years

The roll-out of planning cycle (2020-2023) with a strategy of "scale with sustainability" was postponed by a couple of quarters due to the pandemic

The BIC's time to resolve recap issues is now

Inadequately capitalised banks will face problems in increasing their credit portfolios. A credit squeeze on account of banks' balance-sheet constraints would also have larger macroeconomic dimensions

PNB Housing Finance plans tie-ups with banks for co-lending in housing

PNB Housing Finance is looking at forging tie-ups with some banks for co-lending in the housing loan sector

CEA Subramanian pitches for private sector led bad bank to deal with NPAs

Subramanian made a case for setting up of a bad bank led by pvt sector to deal with financial sector NPAs which may see a surge once regulatory forbearance to deal with Covid impact is withdrawn

Over 10 MFs may go Franklin Templeton way causing Rs 15 trn loss: CFMA

Investors' body CFMA on Saturday claimed more than 10 mutual funds may otherwise go the same way creating an MF pandemic comparable to the US subprime crisis

ICICI Bank third quarter net profit jumps 19% to Rs 4,940 crore

The lender was helped by a surge in net interest income

ICICI Bank's Q3 net profit increases 17% to Rs 5,498 crore

Its total income increased to Rs 24,416 crore from the year-ago's Rs 23,638 crore, while the total expenditure was lower at Rs 15,596 crore as against Rs 16,089 crore

Parliament to consider bills to ban private cryptocurrencies, set up DFI

The Bill will prohibit all private cryptocurrencies in India, but will allow for certain exceptions to promote the underlying technology of cryptocurrency, and its uses

Bank retail lending moderates in December, farm and SME credit accelerates

Impact of Covid-19-induced economic disruption continues to linger, lenders say

To avoid zombie lending, banks need fully empowered boards: Eco Survey

The survey has put the blame of the current banking crisis on the zombie lending following the Global Financial Crisis in 2008

CBI books six Indian Overseas Bank officials for misappropriating money

The CBI has booked six officials of the Indian Overseas Bank in Andhra Pradesh's Vijaywada and Guntur

India's bad loan problem is worse than what official numbers show

Here's a look at the full extent of India's bad loan problem in selected financiers

AT1 bonds back as preferred avenue for PSBs to raise capital

Private banks stick to equity capital; fund-raising spree driven by RBI's call for adequate capitalisation

RBI says it will charge banks if they do not improve customer grievance

To operationalize the cost-recovery framework for banks, peer groups based on the asset size of banks as on March 31 of the previous year will be identified

State Bank of India asset quality remains healthy: Chairman Khara

The faster-than-expected economic recovery may limit the impact to lenders' balance sheets, Khara said

Microfinance loan waiver talks in Assam, West Bengal may impact MFIs

Microfinance loan waiver talks in Assam and West Bengal have the potential to damage long-term prospects of the sector and affect repayment discipline of microfinance borrowers, says a report.

IDBI Bank shares gain over 2% after third quarter earnings

The firm reported a standalone net profit of Rs 378 crore for the December quarter