Page 539 - Finance News

Prashant Kumar, tasked to lead YES Bank's revival, braces for Covid impact

Yes Bank returned to profit in the quarter ended September and Kumar made provisions for potential covid-related losses

Regaining investors confidence remains an uphill task for YES Bank

Asset quality still an unconvincing weak patch; quality of deposit growth also needs monitoring

RBI encourages investment in sovereign bonds as part of liquidity measures

The pivot from RBI will help the government, which has said it will sell 1.1 trillion rupees more debt for the fiscal half ending in March

Aditya Puri hands over charge, Jagdishan takes over as HDFC Bank MD & CEO

Jagdishan had also come to office for the hand-over ceremony. Both Jagdishan and Puri addressed their colleagues virtually during the day, officials said

State Bank of India raises Rs 5,000 cr by issuing Basel-III compliant bonds

The State Bank of India (SBI) on Monday said it has raised Rs 5,000 crore by issuing Basel-III compliant bonds.

Govt's ex-gratia payment of interest on interest to cover 75% borrowers

The tab that the government will pick-up for such concession is estimated at about Rs 7,500 crore, according to CRISIL's analysis

Gold loan company Muthoot Finance to raise upto Rs 2,000 cr via debentures

The Secured NCDs proposed to be issued under this Issue have been rated "AA" by CRISIL and "AA" by ICRA

Converting to a small finance bank is an option: Fino Payments Bank MD

RISHI GUPTA, managing director and chief executive officer, tells Raghu Mohan that if payments banks are allowed to give loans, the business model will be more sustainable

YES Bank lacked cost control, aiming for 20% opex cut: CEO Prashant Kumar

The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, Kumar told PTI

RBI's debt restructuring scheme sees few takers in corporate world: Banks

Under the scheme, borrowers' accounts will not be downgraded as sub-standard or 'non-performing' if their loans are restructured

Rising stress among NBFCs sets the stage for a string of portfolio buyouts

Rising stress among NBFCs, and the difficulty faced by many of them in raising resources, may force the hand of several players

SAT clearing more cases now than before Covid-19 pandemic, shows data

August and September each saw over 80 appeals to the SAT

Kotak Mahindra Bank explores acquisition of IndusInd Bank

Kotak says no comments to offer; IndusInd CEO says promoters have denied the deal

Bitcoin rallies to reach highest level in over a year with PayPal support

Breaches $13,000, experts feel this will bolster acceptance of crypto in India

Govt rings in Diwali, waives interest on interest for loans up to Rs 2 cr

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

MPC minutes on rate cut pause: Propriety of words or a case of much ado?

External member Jayanth R Varma differed on wordings on the stance, while preferring to keep it accommodative for an extended period

Punjab & Sind Bank reports IF&FS Financial Services as fraud account to RBI

Punjab and Sind Bank on Friday said it has reported to the Reserve Bank of India (RBI) the account of IL&FS Financial Services (IFIN) as fraud with outstanding dues of over Rs 561 crore.

It might take years for GDP to regain lost output: RBI MPC member

The Reserve Bank of India releases minutes of the October 7-9 meeting of its monetary policy committee.

Left out of on-tap TLTRO benefits, NBFCs approach RBI for inclusion

While sectors including agriculture, MSME and retail are covered, NBFCs have not been included as a beneficiary of the facility

Credit growth inches up to 5.66% in October amid increased activity: RBI

With the unlocking process on course, festival season is expected to lead to further rise in demand for credit