Page 533 - Finance News

The concerns that kept moratorium and restructuring requests down

Disincentives, borrowing behaviour change, business recovery have kept references for restructuring low, ICRA said

Card networks to make recurring payments to PIDF, support initial corpus

RBI's payment infrastructure development fund to be valid for three years, effective January 1, can be extended by two more years

Exim Bank sells bonds worth $1 billion to global investors at dirt low rate

The issue was oversubscribed four times or worth $4 billion as against $1 billion on offer, managing director David Rasquinha said

RBI starts LEI for large value transactions in centralised payment systems

Legal entity identifier will apply to all RTGS and NEFT transactions of Rs 50 cr and above; LEI is a 20-digit number used to uniquely identify parties to financial transactions worldwide

RBI fines Bajaj Finance Rs 2.5 crore for recovery agent harassment

Central bank says firm violated a specific direction to ensure full compliance with fair practices code in letter and spirit

Banking in 2021 --Winning beyond Covid

The strong, dynamic, innovative and proactive policy response of the RBI and the government went a long way to stabilise the system

Liquidity returns to banking system, interbank call rates softening

This indicates that the liquidity deficit witnessed after December 15 was mainly because of advance tax outflow, and not because of any extra effort by the central bank to drain out liquidity

RBI wants IDBI Bank to come out of PCA framework before stake sale

The government's shareholding in the lender is 47.11 per cent, while LIC holds 51 per cent in it

MFIs may get activity-based norms soon, making them institution-agnostic

Meanwhile, banks are in the process of seeking clarity from the RBI whether Assam's MFI Bill will be applicable to them

Data of 100 million credit, debit cardholders leaked on Dark Web

Breach after attack on Bengaluru-based fintech service provider Juspay's server

NBFC sanctions contract 32% YoY in Q2 amid Covid-19 pandemic, shows data

The lending in most of the segments, including housing, auto vehicle (personal and commercial) declined sharply

YES Bank's retail loan disbursements double to Rs 7,563 crore in Q3

It had disbursed Rs 3,764 crore in the second quarter (Q2) ended September

Over 180 arrested for tax evasion in past 2 months: Union Finance Secretary

In the last 1.5 to 2 months over 180 people including managing directors of companies and chartered accountants have been arrested for tax evasion, said Union Finance Secretary Ajay Bhushan Pandey

Billions of dollars at stake as courts begin ruling on pending bank cases

The legal tussles pit India's lenders, central bank and government against corporate borrowers struggling to survive amid lockdowns prompted by Covid-19

On the chessboard: 2021 will see tectonic shifts in the banking industry

India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980

Faced with high growth in traffic, banks to ramp up digital capabilities

They will soon take a call on tech spending

We could be on the cusp of banking 2.0

The last couple of years saw the RBI taking up the sheet anchor role to steer the economy. The accommodative interest-rate stance implies that it is ready to walk the extra mile to bolster the economy

CAG writes to Finmin, seeks performance audits of PSU bank recapitalisation

The Government of India made capital infusion to the tune of Rs 90,000 crore in 2017-18. This rose to Rs 1.06 trillion in the following year

RBI constructs index to capture digital payments penetration in country

RBI has constructed a composite digital payments index (DPI) with March 2018 as the base period to capture the extent of digitisation of payments across the country

Indian banks' loans rose 6.1% in two weeks to Dec 18, shows RBI data

Outstanding loans rose 518.61 billion rupees ($7.09 billion) to 105.50 trillion rupees in the two weeks to Dec. 18