Page 536 - Finance News

HDFC reduces its retail prime lending rate on housing loans by 0.10%

The change will benefit all existing HDFC retail home loan customers

SBI to raise share of financial inclusion to 20% by March 2022

To cut C/I ratio to 38%; hive off client servicing to BC channel

Gland Pharma's Rs 6,480-crore IPO gets 4% subscription on first day

On Friday, the company had allotted Rs 1,944 crore worth of shares to anchor investors

Retail loans: Banks dominate in business segment, NBFCs in housing

In personal loans, both state-run and private banks have a higher share compared to NBFCs

RBI Deputy Governor M Rajeshwar Rao delivers new curve ball to NBFCs

Talking about incentives to convert into banks and scaling down on network externalities could mean several things

Time for a fresh look: The bank branch is undergoing a sea change

Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan

Early-stage VC firm Inflexor aims to close Rs 500-crore fund by March

The proceeds will be invested in about 25 companies over the next few years

Closely monitoring inventory, asking builders to start selling: PNB Housing

In the last quarter ended September 2020, the number of log-ins for the company improved to 17,063 from just 5,071 in the preceding quarter ended June 2020

Mutual funds' share in CPs of NBFCs dips to 3.2% of debt assets in Sept

This figure stood at 9.5 per cent in September 2019, according to report by CARE Ratings

Bank credit increases 5.06%, deposits rise by 10.12%, RBI data shows

Bank credit grew by 5.06 per cent to Rs 103.39 lakh crore, while deposits rose by 10.12 per cent to Rs 142.92 lakh crore in the fortnight ended October 23, according to the RBI data

Union Bank posts net profit of Rs 517 cr in Q2, NII rises 6% to Rs 6,293 cr

The non-interest income, including fees, fell 7.39 per cent to Rs 2,308 crore in the September quarter

Large NBFCs should convert into banks or shrink biz: RBI deputy guv Rao

Also proposes to eliminate regulatory arbitrage enjoyed by certain NBFCs that are slowly building up systemic risk

World Bank cautions against fake credit, debit cards with its name, logo

The advisory came after its attention was drawn to such fraudulent issuance of debit/credit cards in India, according to the multilateral lending agency

Canara Bank cuts MCLRs by 0.05-0.15 pc for various tenors from Nov 7

The one-year MCLR -- the benchmark for most of the consumer loans -- has been reduced by 0.05 per cent to 7.35 per cent from 7.40 per cent currently, Canara Bank said in a regulatory filing

T+1 settlement not aligned to global standards, Asifma tells Sebi

Says since working hours in Europe and US are not aligned with APAC markets, current T+2 market cycle is already effectively a T+1 settlement cycle

Loan moratorium: RBI urges SC to lift order banning declaration of NPAs

The RBI urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders

RBI allows all NBFCs to co-lend with banks under revised guidelines

Earlier, banks were only allowed to co-originate loans with non-deposit taking systemically important finance companies

NPCI allows WhatsApp to start payments service in a 'graded' manner

The decision came after the NPCI also issued a statement saying that it had decided to impose a 30% cap on the share of UPI transactions that a single payment application can process

ICICI Bank's millennial branches to host entertainment shows as part of new offering

The country's second-largest private sector lender ICICI Bank launched a special offering for the millennial segment, with features like exclusive branches that will host entertainment events

RBI announces co-lending scheme for banks, NBFCs for priority sector

Under the Co-Lending Model, banks will be permitted to co-lend with all registered NBFCs (including HFCs) based on a prior agreement, RBI said