Page 541 - Finance News

Our apps will be mainly cloud-based: Deutsche Bank's Dilipkumar Khandelwal

Dilipkumar Khandelwal offers insights on how the financial powerhouse is driving innovation through emerging technologies such as artificial intelligence and machine learning

Centre to ensure interest waiver benefits to small borrowers by Nov 2

Experts say provisioning requirements for banks may go up 20-50 per cent in Q2 due to SC standstill order

Lack of capital prevents banks from transferring rate cuts: RBI staff study

Markets do not view banks with low capital favourably and offer funds at a higher rate, says study done independently.

HDFC Bank board appoints Sashidhar Jagdishan as its MD & CEO

The appointment shall be placed before the shareholders of the Bank for their approval, by way of postal ballot (through remote e-voting), bank said in filing with BSE

Federal Bank Q2 PAT down 26.2% at Rs 308 cr on higher provisions

Net interest income up 23% YoY to Rs 1,380 cr, Other income, comprising fee and commission, grew by 21% to reach Rs 509 cr

Have a wider pan-India presence after merger, says Indian Bank MD & CEO

Loan restructuring requests coming in a trickle, says Padmaja Chunduru

Valuation gap between HDFC Bank and ICICI Bank narrowest after correction

HDFC Bank's asking rate has been twice ICICI Bank's in the past, but the trend is fast reversing

Bank of Baroda inks pact with Mahindra & Mahindra for tractor finance biz

The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra

Lakshmi Vilas Bank board approves plan to raise Rs 500 cr via rights issue

Many existing institutional investors are expected to participate and subscribe to the issue to protect their existing investments, sources said

Indian Bank launches e-facility for restructuring of personal loans

State-run Indian Bank said it has launched a facility on its website for its personal loan borrowers to submit the requests for restructuring of their loans under RBI's one-time loan recast norms.

Indian Bank to pay subsidy, cash back to street vendors under PM SVANidhi

Bank signs MoU with Ministry of Housing & Urban & Sidbi, completes digitisation for a few other schemes

Lakshmi Vilas Bank gets board's nod to raise Rs 500 crore via rights issue

Cash-strapped Lakshmi Vilas Bank on Thursday said its board has approved plans to raise up to Rs 500 crore through a rights issue

Shareholders of Lakshmi Vilas Bank divided on merger with Clix group

Some large investors are uncomfortable with Clix group's proposal to take up to 90% stake in the bank

RBI launches latest round of quarterly survey of manufacturing sector

RBI launched the latest round of its quarterly Order Books, Inventories and Capacity Utilisation Survey of the manufacturing sector which will provide valuable inputs for monetary policy formulation

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating

The gross NPAs ratio of Indian banks is likely to be 11-11.5% by end of this fiscal and they are likely to restructure 4 to 5 per cent of the overall bank credit outstanding, according to Care Rating

Only standard loan accounts as of March 1 eligible for recast: RBI

The RBI has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in Aug

How City Union Bank, Federal Bank have sustained investor interest

With gains of 7 - 10 per cent since September 24, both stocks have been an outlier among peers

BoB may consider 50:50 split between staff at branches, WFH employees

State-owned Bank of Baroda (BoB) may consider adopting a model in the next few years where it will deploy 50 per cent of its employees at the branches and the balance would work from home

Capital Float reaches 1 million customers; Rs 9,000 cr loans disbursed

Digital financial services provider Capital Float said it has crossed the one million customers milestone and has disbursed over Rs 9,000 crore till date to small businesses and retail borrowers

Lakshmi Vilas Bank board meeting on Oct 15 to consider rights issue

Sources said the lender plans to raise Rs 500-700 crore via rights. Many existing institutional investors may subscribe to it in order to protect the investments they've already made