Page 570 - Finance News

RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021

At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to 75% of the value of such items

Debt restructuring to help India Inc to tide over Covid crisis: CEOs

The debt moratorium has helped many companies to conserve cash and re-start operations. Yet, CEOs say it isn't enough as consumer demand has not picked up to pre-Covid levels

RBI monetary policy review: Repo rate unchanged at 4%; stance accommodative

Lenders allowed to provide a restructuring facility on some loans that were standard as on March 1 this year

No bank licence to India Inc: RBI sees threat to financial stability

The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

Canara Bank net profit up 23.5% at Rs 406 crore for June quarter

Canara Bank on Wednesday reported 23.5 per cent rise in standalone net profit at Rs 406.24 crore for June quarter 2020-21.

Monetary policy: Here's why RBI may go for rate cut on Thursday

BofA says the RBI will not only cut rates now, but will follow it up with another 75 bps cut in rest of the financial year 2020-21 (FY21)

HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP

Mortgage lender will use part of capital to fund inorganic opportunities and investments in existing group businesses

Financial sector firms hit market to prepare for post-Covid world

Most private banks and non-banking firms are able to raise money on the strength of their profile

South Indian Bank gets RBI's nod to set up non-financial subsidiary

Private sector lender South Indian Bank (SIB) on Wednesday said the RBI has given an in-principle approval for setting up a wholly owned non-financial subsidiary.

Extension of moratorium, loan re-structuring can be risky for lenders: Icra

Many voices have been seeking continuation of some relief in repayments because of the lackluster economic conditions

RBI may not cut lending rate; announce other measures to boost growth

Although opinions are divided on the rate cut, experts believe loan restructuring is more essential at this juncture to combat the impact of Covid-19

Asset quality a worry for lenders despite shrinking moratorium book: Icra

Loan restructuring could postpone recognition of stress in the lender book in the near-term, but high share of such assets would be a credit negative, Icra said

RBI monetary policy: Rate cut too close to call on CPI risks, says survey

Governor Das has recently turned his attention toward the fragile financial sector amid forecasts for a sharp rise in bad loans

Aditya Puri's iron hand approach has led to high profit, wealth creation

Delivering steady profit growth in high teens is the hallmark of his stint spanning 26 years

Govt to work on a recap plan after evaluating the impact of moratorium

For now, the government has told state-owned banks to raise money from the markets

Clean up balance sheets of corporates, banks to rein in fiscal deficit: IMF

In its external sector report, IMF also called upon India to strengthen the governance of public sector banks

Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank CEO

He joined the Bank in the 1996 and heads finance, human resources, and other departments

Aditya Puri: The Marathon Man and his stellar run on the banking track

Few have matched the HDFC Bank chief's longevity at the crease, within and outside the banking industry; a non-nonsense leader, he had a particular dislike for liars and the incompetent

HDFC Bank: After Puri's move, it might be a good time to book profits

Change is the only constant, and when an "icon" has to make way for a successor, there is normally a turbulence, both within the organisation as well as outside, especially among the stakeholders