Page 541 - Finance News

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

The RBI MPC voted unanimously to keep the key policy rate unchanged

Irked by outages, RBI asks HDFC Bank to halt fresh digital launches for now

RBI measures won't affect existing customers. Similar measures could be taken for larger banks that faced recent outages

Subramanian Swamy asks PM Modi to put LVB merger with DBS on hold

The BJP member also sought to put the LVB-DBS merger on hold in order to facilitate a forensic audit of the takeover of the assets of LVB by DBS.

Fitch affirms Issuer Default Rating on four PSBs including SBI

Upgrades viability rating for IDBI Bank by a notch due mainly to improved core capitalisation and the high loan-loss coverage

Govt's move to pare stake in Axis Bank fuels hope of divestment by stealth

Last week, it sold shares worth Rs 220 crore in the open market without making a formal announcement. The deal came to light only this week

Two out of three borrowers unaware of their CIBIL score: Report

The CIBIL score is an indicator of credit worthiness.

Bank lending, deposit rates have bottomed out: SBI chief Dinesh Khara

Khara said SBI and other banks in the country were aware that the economy required softer rates to continue.

RBI Monetary Policy: Here's what to expect from the December meeting

The members of the Reserve Bank of India's fourth bi-monthly monetary policy Committee began their three-day meeting today, and are expected to announce the outcome on Friday

SC rejects Chanda Kochhar's plea against termination as CEO from ICICI Bank

The Supreme Court rejected the appeal filed by Chanda Kochhar against the Bombay High Court order which had dismissed her plea against being removed as the managing director and CEO of ICICI Bank

Decoded: Unravelling the legal tangle around revised bids for DHFL

The DHFL saga has put the spotlight on the legal ambiguity in accepting bids beyond stipulated deadlines

Yes Bank aims to disburse Rs 10,000 cr retail, MSME loans in Dec quarter

Yes Bank also aims to open up to 1 lakh fresh accounts every month by leveraging technology

Hedge fund revises bid for Indian shadow lender to skirt RBI delay

Revamp follows delays in regulatory approval for deal; reworked deal focuses on purchase of assets from lender

LVB bond write-down credit positive for creditors, depositors: Moody's

Terms and conditions of Indian Basel III compliant AT1 and tier-II securities specify that such securities will be written down before authorities can step in to support a bank

Lakshmi Vilas customers to get all services; interest rates unchanged: DBS

The amalgamation of Lakshmi Vilas Bank into DBS Bank India came into effect from November 27

Indian banks' capital to slip over 2 years without fresh infusion: Moody's

The 2021 outlook for banks in emerging markets is negative, while the outlook for insurers is stable, Moody's said.

Paytm Money rolls out feature to help people invest in IPOs instantly

The service offers an interface to make changes, cancel or resend the bidding application within the IPO window.

Explained: Madras HC order and what's next on LVB-DBS Bank merger

In this podcast, Business Standard's T E Narasimhan explains the implication of the order. Tune in to know more

Best of BS Opinion: Vaccine story, RBI's stance on policy, and more

From RBI Monetary Policy Committee meet to regulation on online content, here is the best of BS Opinion

NBFCs planning to seek CRR, SLR breather on net demand, time liabilities

Feedback on banking licence terms may be given to RBI in a fortnight

IT Dept finds Rs 450 cr undisclosed income during search across four cities

IT SEZ developer, ex-director of the company and a stainless-steel supplier are on the radar