Page 535 - Finance News

RBI curbs withdrawals from Jalna-based Mantha Urban Coop Bank for 6 months

The RBI, in a release, said it has issued certain directions to Mantha Urban Cooperative Bank, Mantha District Jalna, Maharashtra, from the close of business on November 17, 2020

Forget economy, bond market is happy with liquidity infusion by RBI

Central bank keeping yields soft through OMOs, outright bond purchases; coming out of this won't be easy, say experts

RBI likely to put its foot down, reinstate Gurbaxani at Dhanlaxmi Bank

RBI's powers under BR Act to decide fate of bank bosses, not Companies Act

Axis Bank-Max Life deal: The long road riddled with regulatory concerns

After over six months and three different structures, the deal could be in its final stages of completion

HDFC Bank, IndusInd in 'red flag' list on nearing foreign investment cap

A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit

RBI imposes Rs 1 cr penalty on PNB for unauthorised ATM operations

The Reserve Bank of India (RBI) imposed the Rs 1 crore penalty for "contravention of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007 (PSS Act)", it added

RBI policymakers spar over high inflation forecasts, steep yield curve

For months now, inflation has exceeded the central bank's tolerance band and held it back from cutting rates

EXIM Bank to get Rs 3,000 crore for Lines of Credit for project exports

So far, 811 export contracts, aggregating to $10.50 billion are being financed under LoCs

Wage pact: Bankers will get 15% hike, arrears likely in next salary

Move will push wage bill up by about Rs 7,900 cr a year; wage agreement is for the period November 2017 to October 2022

Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

Bank of Baroda announces reduction in MCLR by 0.05% across all tenors

Shares of Bank of Baroda were trading 1.76 per cent lower at Rs 47.35 apiece on the BSE

SWIFT is a unique platform, says CEO Kiran Shetty

The platform enables financial institutions to send and receive information about financial transactions in a secure environment

Godrej group enters housing finance, eyes 40,000 customer base in three yrs

The group plans to infuse Rs 1,500 crore in next 3-4 years and borrow subsequently at competitive rates

Must commend RBI for defusing NBFC crisis: Former governor Subbarao

The banks don't provide for their bad debts adequately, and take four to five years to provide for them, which creates problems.

RBI imposes Rs 50 lakh penalty on Central Bank of India for non-compliance

Giving details, it said an off-site examination of the records pertaining to some housing loans disbursed by the bank was conducted by RBI

Govt okays Rs 5,500 cr equity infusion into Punjab & Sind Bank

The bank is in receipt of letter dated November 10, 2020 from the Ministry of Finance regarding sanction to infuse an amount of Rs 5,500 crore, it said in a regulatory filing

Bandhan Bank says will tap rural markets to stay as most profitable lender

Despite the rise in repayments, the ongoing coronavirus pandemic could slow Bandhan's loan growth to 20% this year

15th FC submits report to President, keeps tax devolution to states at 41%

Report, submitted on Monday, addresses fears of southern states on population criteria

Looking for a go-anywhere fund? Opt for the new flexi-cap category

The requirement that debt funds must allocate 10 per cent of their portfolio to liquid assets will improve their risk profile

PE deals score over REITs as realtors eye fast money, avoid listing hassles

Sellers can get 100% funding immediately under PE, compared with 10-25% in REIT, whose listing process could take some time, with risk of market sentiment turning weak in between