Page 538 - Finance News
Global litigation financiers plan India entry to target company disputes
The concept of litigation finance is widely prevalent in Australia, the United Kingdom and the United States
 "Global litigation financiers plan India entry to target company disputes")
Banks must focus on asset quality, capital for monetary policy impact: RBI
While asset quality issues have an impact on the credit growth of the economy, better capital position of banks can negate the effect
 "Banks must focus on asset quality, capital for monetary policy impact: RBI")
Disinvestment will now gain a lot of momentum: Finance Minister Sitharaman
Finance Minister Nirmala Sitharaman said the pace of disinvestment will now gain a lot of momentum, and those which have already found cabinet approval will be taken up with all earnestness
 "Disinvestment will now gain a lot of momentum: Finance Minister Sitharaman")
Coronavirus pandemic dents growth of personal loans segment in FY21
While stress at an overall level is low, delinquencies in small ticket segment have moved up
 "Coronavirus pandemic dents growth of personal loans segment in FY21")
Insurance funds should invest in low-rated instruments: SBI chairman
Speaking at the CII Partnership Summit, Khara said, as of now such funds are only into AAA and AA papers
 "Insurance funds should invest in low-rated instruments: SBI chairman")
Indian Bank declares IFIN account as fraud with over Rs 408 cr outstanding
In October, Punjab and Sind Bank had also reported the account of IFIN as fraud with outstanding dues of over Rs 561 crore to the RBI
 "Indian Bank declares IFIN account as fraud with over Rs 408 cr outstanding")
NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act
The request has been made considering the recovery of small-ticket loans given to MSMEs, and proposes to bring parity in recovery of soured loans by banks and non-bank lenders
 "NBFCs seek relaxation in eligibility to recover loans under SARFAESI Act")
Reserve Bank of India unlikely to let rupee appreciate much: Experts
Excess liquidity and cheap rates could be causing some systemic problem for the future, experts have started to warn
As bitcoin rally roars, Indian banks look to cash in on opportunities
Many exploring options of accepting crypto currencies as collateral
 "As bitcoin rally roars, Indian banks look to cash in on opportunities")
Union Bank of India raises Rs 500 cr by issuing Basel III compliant bonds
State-owned Union Bank of India on Tuesday said it has raised Rs 500 crore debt capital by issuing Basel III compliant bonds.
 "Union Bank of India raises Rs 500 cr by issuing Basel III compliant bonds")
Punjab National Bank sets floor price for QIP at Rs 37.35 per share
Punjab National Bank (PNB) has set the floor price for its proposed QIP of Rs 7,000 crore at Rs 37.35 per share.
 "Punjab National Bank sets floor price for QIP at Rs 37.35 per share")
Why a torrent of foreign funds threatens India's tight grip on the rupee
There's growing consensus among traders and fund managers that the mounting pressures -- particularly the liquidity glut distorting money markets -- may spur the central bank to consider changes
RBI gives Uday Kotak another three years as MD of Kotak Mahindra Bank
The regulator has also cleared re-appointments of Prakash Apte as part-time chairman, and Dipak Gupta as joint managing director
 "RBI gives Uday Kotak another three years as MD of Kotak Mahindra Bank")
Reserve Bank of India makes certain exceptions to current account norms
The RBI said on its statement that accounts for real estate projects for the purpose of maintaining 70 per cent of advance payments collected from the home buyers, can be maintained in separate banks
 "Reserve Bank of India makes certain exceptions to current account norms")
Bank of Maharashtra raises Rs 200 crore under tier II bond programme
The coupon offered on the bond was 7.75 per cent
 "Bank of Maharashtra raises Rs 200 crore under tier II bond programme")
NBFCs expect higher credit loss on Covid-19 woes, says study
The study by leading consultancy EY is based on an analysis of the standalone financial statements of 42 NBFCs, including 14 Housing Finance Companies (HFCs), for the year ended March 31, 2020
 "NBFCs expect higher credit loss on Covid-19 woes, says study")
RBI, DBS Bank to ask SC to move cases on LVB-DBS merger to one location
Currently petitions challenging the merger were filed in four different high courts in the country
 "RBI, DBS Bank to ask SC to move cases on LVB-DBS merger to one location")
RTGS: From today, you can make high value money transfers round-the-clock
RTGS for high-value transactions will become available round-the-clock from 00:30 hours Monday onwards, making India one of the few countries in the world to operate the system 24X7
 "RTGS: From today, you can make high value money transfers round-the-clock")
Glitter online: Increased digitisation is remoulding India's gold loan biz
The WGC expects that with gold-loan NBFCs expanding their branch networks and making greater use of technology, the organised gold-loan market could reach Rs 4.62 trillion ($62.8 billion) in 2021-22
 "Glitter online: Increased digitisation is remoulding India's gold loan biz")
Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman
Banks sanctioned loans worth Rs 2 trillion to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector that was impacted by Covid, Sitharaman said
 "Banks sanctioned Rs 2 trn loans to MSMEs for Covid-19 impact: FM Sitharaman")