Page 550 - Finance News

Converting to a small finance bank is an option: Fino Payments Bank MD

RISHI GUPTA, managing director and chief executive officer, tells Raghu Mohan that if payments banks are allowed to give loans, the business model will be more sustainable

YES Bank lacked cost control, aiming for 20% opex cut: CEO Prashant Kumar

The city-based lender is experiencing delays in loan recovery efforts as big defaulters are approaching courts, Kumar told PTI

RBI's debt restructuring scheme sees few takers in corporate world: Banks

Under the scheme, borrowers' accounts will not be downgraded as sub-standard or 'non-performing' if their loans are restructured

Rising stress among NBFCs sets the stage for a string of portfolio buyouts

Rising stress among NBFCs, and the difficulty faced by many of them in raising resources, may force the hand of several players

SAT clearing more cases now than before Covid-19 pandemic, shows data

August and September each saw over 80 appeals to the SAT

Kotak Mahindra Bank explores acquisition of IndusInd Bank

Kotak says no comments to offer; IndusInd CEO says promoters have denied the deal

Bitcoin rallies to reach highest level in over a year with PayPal support

Breaches $13,000, experts feel this will bolster acceptance of crypto in India

Govt rings in Diwali, waives interest on interest for loans up to Rs 2 cr

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

MPC minutes on rate cut pause: Propriety of words or a case of much ado?

External member Jayanth R Varma differed on wordings on the stance, while preferring to keep it accommodative for an extended period

Punjab & Sind Bank reports IF&FS Financial Services as fraud account to RBI

Punjab and Sind Bank on Friday said it has reported to the Reserve Bank of India (RBI) the account of IL&FS Financial Services (IFIN) as fraud with outstanding dues of over Rs 561 crore.

It might take years for GDP to regain lost output: RBI MPC member

The Reserve Bank of India releases minutes of the October 7-9 meeting of its monetary policy committee.

Left out of on-tap TLTRO benefits, NBFCs approach RBI for inclusion

While sectors including agriculture, MSME and retail are covered, NBFCs have not been included as a beneficiary of the facility

Credit growth inches up to 5.66% in October amid increased activity: RBI

With the unlocking process on course, festival season is expected to lead to further rise in demand for credit

Min 60% of HFC loans for housing, no prepayment or foreclosure charges: RBI

Lenders must meet 60% ratio by March 2024; loans for furnishing dwelling units to be treated as non-housing loans

RBI issues guidelines to set up self-regulatory organisation for PSOs

The Reserve Bank on Thursday issued final guidelines, including the framework, to set up a self-regulatory organisation for payment system operators

RBI bars payment system operators from launching any new QR codes

Currently, there are two interoperable QR codes -- UPI QR and Bharat QR

RBI pegs minimum NOF for housing finance companies at Rs 25 cr

The Reserve Bank of India (RBI) on Thursday fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore.

Indian Bank Q2 net at Rs 412 crore versus Rs 1,755 cr loss a year ago

Lender expect credit growth to be 8-10 % this fiscal

HDFC Bank m-cap tripled in 6 yrs. But this rare bear on the stock still made money

After a 63% rebound from its March low, HDFC Bank's stock is too expensive given the risks related to management change and asset quality

RBI to release on-tap TLTRO funds every Monday, scheme to run till Mar 31

The on-tap TLTRO scheme will remain operational till March 31, and all banks will be eligible to participate