Page 545 - Finance News

With IBC, non-repayment of loan no more an option: CAG Murmu

The insolvency law has led to a significant behavioural shift among borrowers as non-repayment of loan is no more an option and ownership of a firm is no more a divine right, CAG G C Murmu said

Coroanvirus pandemic to leave up to 3.7% of loans as NPAs: Report

ICRA revised down credit growth outlook for banks to 2-3% for the current fiscal, and said the coronavirus pandemic-driven stress may leave 3.1-3.7% of assets into bad loan list by March

ICICI Bank says spends by its customers reach 90% of pre-Covid levels

Earlier in the day, its larger rival HDFC Bank also said that the business has returned to pre-COVID pandemic levels

Punjab National Bank reports Rs 1,203-cr fraud by Sintex Industries

Public sector Punjab National Bank (PNB) on Wednesday declared its Rs 1,203.26 crore exposure to Sintex Industries Ltd as fraud.

Lakshmi Vilas Bank shortlists 3 names for MD, CEO post; to send list to RBI

The lender's chief executive S Sundar and six other directors were voted out by shareholders earlier this week

Lakshmi Vilas Bank, Clix Capital reaffirm commitment to ongoing merger

Major portion of due diligence completed; application to RBI is likely in one - two weeks

HDFC Bank, ICICI Bank bring sops for customers ahead of festive season

HDFC Bank's business is back to pre-covid levels, says Aditya Puri

Non-food bank credit growth decelerated to 6% in August, shows RBI data

Non-food bank credit growth decelerated to 6 per cent in August as against 9.8 per cent in the same month last year, RBI data showed on Wednesday.

Coronavirus pandemic to leave up to 3.7% of loans as NPAs: Report

Earlier, ICRA had forecast credit growth for banks at 6-7 per cent

RBI excludes six PSBs from Second Schedule of RBI Act; cites merger

The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank

Business returning to pre-Covid-19 levels: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri on Wednesday said the lender's business is returning to pre-Covid-19 levels and full normalcy is expected to be restored soon

Dhanlaxmi Bank MD and CEO Sunil Gurbaxani voted out by shareholders

The shareholders of Kerala-based small private sector Dhanlaxmi Bank on Wednesday voted out Managing Director and CEO Sunil Gurbaxani at the annual general meeting

For bankers delayed monetary policy only adds to their long list of woes

The Reserve Bank of India's decision to reschedule this week's interest-rate meeting makes it difficult for lenders to price loans and deposits

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass?

RBI appoints its director D K Kashyap on board of Dhanlaxmi Bank for 2 yrs

The appointment is for a period of two years with effect from September 28, 2020, to September 27, 2022, or till further orders, whichever is earlier

RBI sounds out PNB on acquisition of beleaguered Lakshmi Vilas Bank

Beleaguered bank is currently in merger talks with Clix Capital

Indian Bank unveils IB-eNote facility for paperless working environment

Public sector Indian Bank has unveiled its IB-eNote facility, aimed at providing a paperless working environment and to improve the turnaround time considerably

HC allows plea against Lakshmi Vilas, wants Sebi and RBI replies in 8 weeks

An individual shareholder filed a PIL raising serious of allegations against the bank functioning, asked Court to appoint an administrator

RBI extends enhanced borrowing limit for banks under MSF till March 31

RBI has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021

Govt failure to appoint MPC members injects more uncertainty in the economy

The Reserve Bank of India deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision