Page 577 - Finance News

Explained: How OCEN is trying to keep credit disbursement challenges at bay

Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes

Declining long-term market funding for NBFCs a concern, says RBI

It has the potential to heighten the liquidity risks the sector is already facing after the IL&FS debacle, FSR said

Risk aversion rising in banks, may hinder recovery if taken to extreme: FSR

Public sector banks chose to lend only to high-quality borrowers; there was a sharp credit contraction across all rating categories except 'AA and above', FSR points out

Insolvency law caused rift with govt: Former RBI governor Urjit Patel

Instead of future-proofing gains, atmosphere to go easy on the pedal ensued, says his book

Impact of loan moratorium on private NBFCs, HFCs can be substantial: RBI

In March, the RBI had announced a moratorium on repayment of term loans till May 31. It was later extended for another three months.

Banks sanction Rs 1.3 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

Central Bank has exhausted cap on exposure to NBFCs: Pallav Mohapatra

"We have financed the NBFCs and exhausted the exposure cap for the sector," MD & CEO of Central Bank Pallav Mohapatra said

Bank NPAs could hit nearly 15% by March 2021 in worst-case scenario: Report

Indian banks have been battling rising bad loans for years but managed to get gross NPAs down to 8.5% in March, compared to 9.3% in September 2019

FM holds review meet for residential projects to boost realty investment

The meeting was conducted with the secretaries of the ministries of Finance and senior management teams

Irdai asks Axis Bank, Max Financial to make changes in deal structure

Irdai has asked them to factor in some alternate mechanisms subject to regulatory approvals.

RBI seeks internal car loan investigation details from HDFC bank

The RBI is also seeking information on steps taken by HDFC Bank to remedy any issues identified during the investigation, the people added, asking not to be named.

Partha Pratim Sengupta appointed new MD, CEO of Indian Overseas Bank

His appointment will be up to date of attaining the age of superannuation, December 31, 2022, or until further orders, whichever is earlier, it added

Bank employees' 15% wage hike may not be a costly affair for lenders

The hike in pay slip cost does not factor in superannuation and pension costs, along with performance linked incentives

Bank of Maharashtra reports 25% jump in Q1 profit on higher interest income

The lender had reported a profit after tax of Rs 81 crore in the year-ago same quarter and Rs 58 crore in the quarter ended March 31, 2020

UCO Bank approves raising Rs 3,000 cr in FY21, awaits shareholders nod

In a regulatory filing, the bank said that it will now seek shareholders' approval in its annual general meeting on August 7

Bank of Maharashtra Q1 PBT at Rs 101.13 cr, NII rises 9.14% to Rs 1,088 cr

The lender holds Covid-19 related cumulative provisions of Rs 425 crore, which is more than the norms prescribed by Reserve Bank of India

India to contribute 2.2% of world's digital payment market by 2023: Report

The Covid-19 pandemic is expected to further amplify the reach of digital payments with people terrified of using cash

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

Axis Bank's operations head Tahilyani steps down within seven months

The sources also said that Tahilyani, who had joined Axis Bank this year, might be headed back to Tata AIA as the head of country operations

Govt's Zero MDR move has hit payments industry badly, says RBI committee

Panel believes move will discourage innovation, has already led to contraction in national gross value of services