Page 536 - Finance News

Banking system liquidity on the slide due to advance tax outflow

As of Monday, the banking system liquidity was at a surplus of Rs 4.95 trillion, as against Rs 6.13 trillion a week earlier, on the eve of the deadline for the third instalment of advance tax

Some lending apps following unfair recovery practices: Former RBI DG

Former RBI deputy governor R Gandhi on Wednesday said some lending apps have been indulging in wrongful recovery practices for loans

RBI governor meets bankers over rate transmission, stressed assets

Touches upon current economic situation, emphasises banking sector's importance in supporting ongoing revival in economic activities

SBI extends global trade finance solutions to Israeli corporates

This comes after recent Abraham accords leading to normalisation of ties between Israel and Arab states

Retail credit has experienced an increase in serious delinquencies: Report

Loans against property and credit cards are the most affected segments

RBI okays Sandeep Batra's appointment as executive director of ICICI Bank

The Reserve Bank of India approved the appointment of Sandeep Batra as the Executive Director of ICICI Bank

Securitisation volumes to get back on growth track in FY22: Icra

Credit quality of the rated pass-through certificates (PTCs) should remain 'Stable' during FY22, says rating agency

DHFL bidder selection: Oaktree Capital asks lenders for fair treatment

Oaktree and Piramal Group are engaged in neck and neck competition to get control of the mortgage lender, for which the selection process has entered the final stage

Govt has received 120-130 FDI proposals from China since April: Report

FDI proposals from China need government approval for investments in India in any sector

P&SB recapitalisation: Centre issues Rs 5,500 cr worth of zero-coupon bonds

P&SB to park investment in HTM category; raises concern

ICICI Bank launches one-stop portal for foreign firms expanding in India

The platform offers banking solutions and value-added services such as business incorporation, corporate filings, licences and registrations, HR services, compliances and taxation

ICICI floats 'Infinite India' platform to help MNCs set shop in country

As an 'Authorised Dealer Category 1', the bank can authorise the setting up of liaison offices (LO), branch offices (BO) as well as a project offices, within the regulatory framework

HDFC, ICICI Bank and SBI, among top-10 lenders in 2020, says report

Google Pay and PhonePe were the top wallets among the customers, says Report

KKR picks Gaurav Trehan to replace long-standing India head Sanjay Nayar

Nayar, who has been with the private equity fund since 2009, will transition to a new role as chairman of KKR India

NIIF completes fund raise for $2.3 bn Master Fund in fifth and final round

PSP Investments, DFC of US, Axis Bank ink pact for $107 million cumulative commitment; International investors have rights to co-invest an additional $3 billion

CMS Info Systems plans to invest upto Rs 1,300 crore on ATM ramp-up

Rajiv Kaul, vice-chairman and wholetime director, CMS Info System, said that starting with a capital expenditure of Rs 180-200 crore, the company expects to create 2,000 jobs

Create banks focused on bad loans crisis, says CII in budget suggestion

Market-determined price discovery mechanism for resolving stressed assets is important in the pandemic, says association

Centrum-BharatPe, Liberty group in race for beleaguered PMC Bank

Deal could mark the entry of corporates into UCBs

Banks ramp up cross-selling, aim to gain bigger share of customer's wallet

Despite all the chatter, Indian banks' cross-sell ratio - the number of products and services they hawk to a customer - remains low, report Abhijit Lele and Raghu Mohan

The pandemic bill for banks: Severe credit losses, operation turbulence

The bright spot is that global banking entered the crisis well capitalised and is far more resilient than it was 12 years ago