Page 547 - Finance News

NPCI allows WhatsApp to start payments service in a 'graded' manner

The decision came after the NPCI also issued a statement saying that it had decided to impose a 30% cap on the share of UPI transactions that a single payment application can process

ICICI Bank's millennial branches to host entertainment shows as part of new offering

The country's second-largest private sector lender ICICI Bank launched a special offering for the millennial segment, with features like exclusive branches that will host entertainment events

RBI announces co-lending scheme for banks, NBFCs for priority sector

Under the Co-Lending Model, banks will be permitted to co-lend with all registered NBFCs (including HFCs) based on a prior agreement, RBI said

RBI imposes fine of Rs 15 lakh on 2 co-operative banks for non-compliance

In both cases, the penalty has been imposed based on deficiencies in regulatory compliance

Credit cost for MFIs to rise to 6-7% in two years as loans remain unpaid

About 12% of customers have not repaid till August end

SBI warns bad debt can worsen even as its profit beats estimates

SBI, which accounts for more than a fifth of loans in India's banking sector, is a key indicator of the health of the country's economy that's set for a historic contraction this financial year

PMC Bank trying to use the escape hatch used by tiny cooperative banks

But with a deposit base of more than Rs 11,600 crore, PMC is not a small cooperative bank and has therefore attracted public attention

PNB to raise Rs 7,000 crore through QIP by December this year

Bank receives fewer proposals for restructuring than expected as companies fear impact on ratings

Indian private banks shed Covid-19 woes, net profit rises by 159%

NII jumps 15 per cent as provisions fall 4 per cent, shows BS analysis of 17 listed private lenders

Scam-hit PMC Bank invites EoI from potential investors for reconstruction

Fraud-hit Punjab and Maharashtra Cooperative Bank on Tuesday invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction

RBI looking to diversify investment options for forex reserves: Report

The RBI is likely to increase its gold investments, as well buying dollars and exploring investing in AAA-rated corporate bonds for the first time

No increase in service charge by public sector banks: Finance Ministry

Bank of Baroda decided to withdraw changes made with regard to the number of free cash deposit transactions in a bank account per month

Growth or Margin? Life insurers' conundrum in the September quarter

Strong premium income growth of SBI Life and HDFC Life in Q2 cements the Street's conviction, and at 27.4% VNB margin I-Pru Life surprises investors

Muthoot Finance net profit rises 2.5% to Rs 931 cr in September quarter

The company had posted a net profit of Rs 908.54 crore in the same quarter of previous fiscal year

Ubs Principal Capital Asia sells IndusInd Bank shares worth Rs 148 cr

Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly Rs 148 crore through an open market transaction

Tamil Nadu tops Indian states in new investments in H1FY21: CARE Ratings

State grabs 16% of funds coming into India during the period, or about Rs 20,000 cr

Bank of Baroda withdraws order reducing free cash transactions

The government said that none of the state-owned banks proposed to raise bank charges in the near future in view of the Covid-19 pandemic

PNB eyes Rs 7,000 crore from QIP in Dec, credit growth to be less than 5%

Punjab National Bank (PNB) on Tuesday said it is planning to raise Rs 7,000 crore through share sale next month to shore up its capital base for meeting business plan

Bandhan Bank Q2 net profit falls 5% to Rs 920 crore; NII rises 26%

Asset quality of the lender has improved both sequentially and year-on-year.

PNB Housing Finance set to prune corporate loan book by Rs 1,500 cr

There was a sell down and accelerated pre-payment of Rs 477 crore in the corporate book