Page 535 - Finance News

Bank asset quality may see sharp deterioration post-moratorium: RBI

Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies

RBI may red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds

Bank could be asked to hold it at discounted value in HTM

Fintechs may pose a challenge to banking sector over the next few years

The formal and informal fintechs will pose a significant challenge to the mainstream banking sector over the next few years

CCI dismisses unfair practices complaint against 4 credit rating agencies

CCI dismissed a complaint alleging that Crisil, India Ratings, Care Ratings, and ICRA indulged in unfair business practices

Why banks should spend on branches despite increased digital penetration

Though the functions of a branch may have not changed in years, their focus has shifted from transaction to customer retention

Asset quality pressure on banks to moderate by FY22-end, says Icra

Maintains stable outlook on lenders, sees NPAs declining to 2.5% by March 2022, from estimated 3.1% in March 2021

AU Small Finance, ICICI Pru Life tie up to offer life insurance solutions

Through this tie up with ICICI Prudential Life Insurance, AU Bank aims to deliver paperless, secure, and hassle-free life insurance solutions

Airlines seek easier Kamath panel's parameters on loan restructuring

Have sought intervention of Ministry of Civil Aviation for fresh credit lines

CAG writes to RBI on banks' status post-recap over the past 5 years

Wants RBI to give performance details over the past five years

Dhanlaxmi Bank may appoint former SBI official J K Shivan as its MD & CEO

Sunil Gurbaxani was voted out after bitter battle with the Board

DHFL resolution: Oaktree Capital shoots letter to RBI, seeks fair play

Oaktree said information is being presented in an incomplete and inaccurate manner to discredit its bid

'Dividend payout norms for NBFCs should come into effect from FY22': FIDC

FIDC has written to the RBI seeking implementation of the proposed guidelines for dividend distribution by NBFCs with effect from April 1, 2021

Fintechs show interest in becoming SFBs, but transitions involve risks

The fintech model is conceptualised as asset-light, which, in fact, played a huge role in Fino Payments Bank's early breakeven

Bankers' sentiment on lending improves; loan demand to rise: RBI survey

The Covid-19 pandemic and the related lockdown led to significant contraction in loan demand across all sectors during April-June 2020

SBI Life acquires 9% stake in Paisalo Digital for Rs 186.20 cr

SBI Life Insurance Company on Thursday said it has acquired nearly 9 per cent stake in non-banking finance company Paisalo Digital

Banks will focus on cash flow-based lending in future: UCO Bank's Ajay Vyas

Banks are likely to focus on cash flow-based lending in times to come, a top executive of UCO Bank has said

S&P affirms Indian Bank's 'BBB-' rating, removes from CreditWatch

The Chennai-based public sector lender is expected to benefit from faster-than-expected economic recovery in India

Former PNB chief manager, two associates held in Delhi for loan fraud

A former chief manager of a public sector bank and his two associates were arrested in Delhi for allegedly misappropriating funds through a loan fraud, police said on Wednesday

Demand for retail credit makes a comeback in November: CIBIL report

Although year-on-year growth across key metrics has yet to reach pre-pandemic levels, there has been positive momentum for credit demand

RBI warns public about shady digital lending apps promising quick finance

Informs public about exorbitant rates of interest charged by such apps, and use of muscle power to recover dues; guides on reporting rogue service providers