Page 529 - Finance News

RBI discussion paper proposes four-tier structure for NBFC regulations

Paper has also sought to raise net-owned funds required for new NBFCs from Rs 2 cr to Rs 20 cr. Timeline of five years for existing NBFCs to adhere to new norms

HDFC Bank submits action plan to RBI, hopes to fix outage issue in 3 months

The bank hopes to improve its technology platform in three months

Indian Bank reports Q3 net of Rs 514 cr versus loss in year-ago quarter

Board clears Rs 4,000 cr equity raising plans to reduce GOI stake below 75 per cent

YES Bank Q3FY21 net at Rs 151 cr versus Rs 18,560 cr loss a year ago

NIMs at 3.4%; will decline post SC verdict in NPA case; Board clears equity raise up to Rs 4,000 cr

Assam MFI Bill may hike asset-quality challenges for micro lenders: Crisil

The recently passed Micro Finance Institutions (MFI) Bill, 2020 by the Assam Assembly has the potential to increase asset quality challenges for micro lenders, according to a Crisil Ratings report.

YES Bank reports net profit of Rs 151 crore in December quarter

The Bank's net interest income grew 30 per cent quarter-on-quarter to Rs 2,560 cr for the period under review

Soaring fuel prices crowd out other spends on credit cards: Report

Massive rise in retail fuel prices crowded out other discretionary spends on credit cards in December, according a report

RBI paper proposes new regulatory framework for NBFCs, 4-tier structure

The paper proposed a structure to categorise NBFCs, or shadow banks, depending on their size and interconnectedness with the system

Indian Bank gets board approval to raise Rs 4,000 cr from share sale

The bank looks to enhance its capital base

PMC Bank case: Enforcement Directorate searches 5 locations in Mumbai

ED on Friday carried out searches at five locations, including the premises of Mehul Thakur

Bandhan Bank: Problem of portfolio concentration tightens grip on lender

Dependence on microfinance loans for growth is steadily increasing, which poses a risk in present environment

Bitcoin slumps nearly 10% as pullback from record high gathers pace

The world's most popular cryptocurrency Bitcoin was last down 10.6% at $31,724. It has lost about 27% of its value after touching a record $42,000 on Jan. 8

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Reserve Bank of India imposes Rs 2 cr penalty on Standard Chartered Bank

The Reserve Bank on Thursday imposed a penalty of Rs 2 crore on Standard Chartered BankIndia for delays in reporting of frauds to it.

Bandhan Bank's Q3 net profit down 13.5% on higher Covid provisioning

The lender has made provisioning to the tune of Rs 1,068 crore in Q3FY21, of which Rs 1,000 crore is covid-related

Instamojo onboards more than 50% new recruits from Tier 2 and 3 towns

The fintech firm announced work from home as a permanent feature in the days ahead. The recent hiring cycle saw new hires from Tier II and III towns such as Krishnagiri, Kolar, Dehradun and Sitapur

South Indian Bank books Q3 loss at Rs 92 cr over Covid-related slippages

CEO sees quarterly loss mainly on account of stress in the economy due to the coronavirus pandemic.

Fitch Ratings affirms GMR Hyderabad International Airport at BB-plus

Fitch Ratings on Thursday affirmed GMR Hyderabad International Airport Ltd's (GHIAL's) long-term issuer default rating

Federal Bank's Shyam Srinivasan is Business Standard Banker of the Year

Five-member jury chooses him for consistency of performance

SBI executes inter-bank money market transactions linked to SOFR

State Bank of India said it has executed two inter-bank short term money market transactions with pricing linked to secured overnight financing rate (SOFR)