Page 597 - Finance News

HDFC Bank board finalises Aditya Puri's successor, waits for RBI nod

It is one of the most coveted jobs in the Indian banking sector and market watchers are keenly awaiting who will be the chosen appointee.

Covid-19 crisis: Each bank to decide on granting moratorium to NBFCs

However, there was no clarity on whether the finance companies that borrow from banks would get the option to delay payments to their lender banks.

Punjab & Sind Bank declares Golden Jubilee Hotels as fraud account

Golden Jubilee Hotels Pvt Ltd is a public-private partnership (PPP) with the Department of Tourism and Youth Advancement, Tourism & Culture, Government of Telangana

HDFC Banks' PBT rises 2.5% to Rs 9,174 crore; makes higher provisions

It had reported a pre-tax profit of Rs 8,954.38 crore in the same period last financial year (Q4FY19).

RBI gives NBFCs more time to restructure commercial real estate loans

Unless demand revives, industry experts say the move may not be very effective

RBI steps increase lending, but sector-specific package must: Bankers

RBI by reducing reverse repo rate by 25 basis points has sent clear signals to deploy that money - either by investing markets (bonds and short term paper) or by extending credit

Covid-19: MSMEs cautiously welcome RBI measures, exporters want more

Calls for economic package for distressed sectors continue

RBI promises liquidity support to NBFCs, MFIs dealing with cashflow issues

RBI has put the ball in banks' court on the moratorium issue

IBA to discuss the issue of giving a moratorium to NBFCs on Saturday

A senior executive of a public sector bank said the IBA's management committee meeting would discuss the issue of giving a moratorium to finance firms.

Muthoot Finance to re-open all branches across India from April 20

The branches will function as usual and will adhere to all instructions laid down by the state governments for corporates resuming services from April 20, 2020.

RBI has made life a bit easier for NBFCs, MFIs amid Covid-19 pandemic

The RBI has indicated that it expects inflation to come down by September, which means that more rate cuts are in the offing

RBI measures sufficient, not substantial; Guv doing balancing act: Experts

RBI governor is walking a tightrope, says a former chief statistician

Covid-19: RBI slashes reverse repo rate by 25 bps, no change in repo rate

Earlier, the RBI had reduced the repo rate to a 15-year low of 4.40 per cent by announcing a steep cut of 75 basis points on March 27, only two days after the national lockdown was imposed

Covid-19 impact: Banks raise concern over fresh NPAs of Rs 50K crore

The banks are expected to start credit operations from April 20, in a bid to help a staggered restart of the economic activities

Default-wary banks say won't use RBI funds for low-rated companies

The first TLTRO facility took place on March 27, and so far Rs 1 trillion has already been deployed.

Lenders want more time to finalise working capital needs of large firms

A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders.

Decoding the bullishness on ICICI Bank as other lenders follow caution

All analysts tracking it are optimistic on the stock, which hasn't seen any downgrade so far

Banks to seek extension of moratorium on loan repayments beyond June

CII has sought an increase in credit limits for all regular banking accounts by 25 per cent

Low consumption deepens SBI Cards' woes as Covid-19 lockdown gets extended

Worsening business conditions and sell-off by anchor investors have taken the stock southward

Covid-19 outbreak, YES Bank rescue make small banks vulnerable: Moody's

Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said