Page 584 - Finance News

Punjab National Bank reports a pre-tax loss of Rs 969 crore in Q4

The lender reported a net loss of Rs 697 crore in Q4FY20 before completing the amalgamation process, as it posted a second continuous quarterly loss.

Debt collector at age 12, C S Setty now chases $20 billion at SBI

Forty-two years later, Setty continues to collect on loans, albeit on a much larger scale.

ICICI Bank sells 3.96% stake in ICICI Lombard for Rs 2,250 crore

Post the transaction, the ICICI Bank's stake in its general insurance subsidiary stands at 51.9 per cent and the rest is publicly held

RBI raises PMC Bank withdrawal limit to Rs 1 lakh from Rs 50,000 earlier

With this 84% of the bank's depositors will be able to withdraw their entire money deposited with it

NPAs rise in tandem as MFIs gross loan portfolios grow by 29% in FY20

More than 92 per cent of MFI loan disbursement in FY20 were in cashless mode, as compared to 85 per cent in FY19

Bank credit grows 6.24% to Rs 102.5 trillion, deposits rise 11.28%

In the fortnight ended June 7, 2019, bank loans had stood at Rs 96.51 trillion and deposits at Rs 125.40 trillion

Axis Bank's Pralay Mondal to join Fairfax-backed CSB Bank as President

Before joining Axis Bank, Mondal was the Senior Group President and Head of Retail and Business Banking at Yes Bank.

Fears about India's retail loan defaults overblown, says Macquarie

"the unanimous feedback has been that there has been a decline in the total loan book under moratorium from the 25-30% numbers reported as of end-May," analysts led by Suresh Ganapathy wrote in a note

Spike in bank deposits in Jan-May due to borrowings, not savings: Report

Cash in circulation has risen strongly by around Rs 3.5 trillion during the first five months of 2020, the highest in the past two decades

Interest rates have moderated, plenty of liquidity in system: Rajnish Kumar

According to him, the rural economy will play a critical role in the revival process

Fintechs see inflexion point as Covid-19 gives fillip to digital modes

Fintechs are at an inflection point with the Covid-19 pandemic giving a huge fillip to digital modes, reports Raghu Mohan

Loan moratorium: SC sees 'no merit' in charging interest on unpaid interest

Next hearing in August, Bench instructs centre, RBI to firm up views

Covid-19: Cut costs, govt tells PSBs after PNB buys Audis for top bosses

The Centre has advised banks to make a 20 per cent reduction in expenditure related to non-core business activities

Cost of 1962 war: Stock markets fell 16%, gold price slipped 30%

Greater controls and more uncertainty marked business climate of the time

CLSA India operations hit as Citic tightens grip, India-China ties sour

Parent Citic seeks to take full control of the Hong Kong-based brokerage

Karur Vysya Bank joins hands with Maruti Suzuki to offer car loans

The loans are available to both salaried and self-employed customers.

SBI to ICICI Bank, here's how many Indian banks operate in China, Hong Kong

At Hong Kong, an important financial centre in Asia, Indian banks have had business operations for decades.

Loan moratorium scheme: The story so far

Here's all you need to know about loan moratorium, how does it work? Should one ideally opt for it, Supreme Court's observations and more

Coronavirus impact: SBI goes virtual to reach out to its customers

The country's largest bank kept about 22,000 branches and 60,000 ATMs running during the lockdown

Maha Bank to increase lending to corporates, lends Rs 1,500 cr in Apr-May

The bank's credit portfolio grew by 1.52 per cent to Rs 94,889 crore in March, 2020