Page 542 - Finance News

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

Rs 11.1 trillion: Amount RBI pumped into banking system to boost liquidity

It pared repo rate by 40 bps on May 22, on top of a 75 bps cut on March 27, brought liquidity enhancing steps that stabilised bond yields even in the face of a Rs 12 trn borrowing programme

Exim Bank extends $400 mn soft loan to Maldives for connectivity project

India has extended a $400 million (about Rs 2,932 crore) soft loan to Maldives through the Exim Bank to finance a connectivity project in the nation of islands, a statement said on Monday

Why some millennials can't manage money: Financial literacy low in Asia

To be sure, the privileges of investing and even holding financial assets are often impossible for many people in wealthy countries who are just trying to make ends meet

Long haul for NBFCs as funding environment to remain volatile in FY21

Thus, NBFCs have increased their focus on collections and have tightened underwriting standards

We may apply for universal banking licence: Suryoday Small Finance Bank CEO

Suryoday Small Finance Bank (SSFB) has completed a shade more than a decade as an entity in two avatars

Contactless conundrum: More blind spots on the nature of proximity payments

The Covid-19 pandemic has given proximity payments a shot in the arm, but clarity on their nature is still elusive

Set aside order on NPA classification freeze: RBI to Supreme Court

The RBI informed the court that the regulator had been "most proactive" in accounting a series of measures to mitigate the impact of the Covid-19

Can't extend loan moratorium as it may affect credit discipline: RBI to SC

RBI said, a long moratorium exceeding six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments

Balancing tradition and new systems key for old, traditional banks: Experts

These banks need to understand their limitations and balance tradition with new age banking systems, they say

CARE Ratings downgrades LVB debt instruments over plunge in net worth

Development follows Brickwork Ratings downgrade of long-term bonds of about Rs 50 cr and LVB receiving an indicative non-binding offer from Clix Group

RBI to conduct on-tap TLTRO worth Rs 1 trillion to nudge credit growth

The TLTRO will be for tenors of up to three years and for a total amount of up to Rs 1 trillion at a floating rate linked to the policy repo rate for banks

Now, RTGS payment system to be available around the clock, says RBI

While NEFT was made a 24x7 system in December, 2019, RTGS will also become one in December, 2020

Monetary policy review: RBI expects 'modest' recovery in Jan-March

As growth recovers, the MPC said inflation would moderate towards the range 4.5-5.4 per cent in the remainder of FY21.

RBI keeps policy rates unchanged, says the worst is over for the economy

RBI to run 'accommodative' stance as long as necessary and even entering the next year

Small, medium NBFCs need better credit support, says Industry players

Though the government and RBI have taken steps to support the non-banking finance sector, small and medium-sized NBFCs continue to face challenges in getting access to credit

RBI keeps policy rates unchanged, stance accommodative: What experts think

Today's policy announcement comes amid signs of recovery in the economy badly battered by the coronavirus pandemic

RBI announces a mix of unconventional steps to check borrowing costs

Das doubled the size of open-market bond purchases to $2.7 billion, offered to buy state debt, and also ease a corporate cash crunch through a Rs 1 trn of targeted long-term funds available on tap

RBI Policy: Most decision by Reserve Bank in line with expert views

The RBI sees India's real GDP contracting by 9.5 per cent in the ongoing fiscal year, and economic growth only turning positive in the final January-March quarter