Page 604 - Finance News

NBFC association to RBI: One-time loan restructuring need of the hour

FIDC has asked the central bank to extend the facility to all customer loans

Deposits from microbanking customers continue to be strong: Bandhan Bank

The company's collection efficiency pan-India for the period from January 1, 2020 till March 21, 2020 stands at 98.7 per cent

Max Life Insurance, YES Bank extend bancassurance partnership for 5 years

Max Life Insurance is a joint venture between Max Financial Services Ltd and Mitsui Sumitomo Insurance

Bandhan Bank's FY20 deposits rise 32%; 60% jump in loans and advances

Loans and advances jumped by 60 per cent to Rs 71,825 crore during 2019-20, from Rs 44,776 crore the year before.

RBI to tighten private banks' succession planning with stricter timeline

Ironclad succession process could weigh on extensions for current heads

China central bank hikes stake in HDFC amid a sharp correction in shares

Sources say PBoC may have increased its stake by 0.2 percentage points in March

Post merger, PNB gets Irdai nod to retain stake in two life insurance cos

PNB also has a tie up with Life Insurance Corporation of India (LIC) for selling its products through the bank's branches

Covid-19 woes: NBFC sector staring at another bout of liquidity challenge

Most banks are yet to decide on giving moratorium to shadow lenders

RBI should start buying corporate bonds to provide liquidity: Deepak Parekh

According to him, interest rates will go down further, but banks must pass them on to companies.

Plea in SC challenging RBI circular on 3-month moratorium on loan repayment

It had said that repayment schedule for such loans as also the residual tenor would be shifted across the board by three months after the moratorium period

As many as 10 mn borrowers can't benefit from moratorium. Here's why

These investors are yet to approve the moratorium on underlying loans and reschedule most PTC repayments

Coronavirus outbreak: Bank credit growth falls sharply to 6.1% in FY20

Deposit accretion activity also moderated in FY20 to 7.9 per cent from 10 per cent in FY19, according to Reserve Bank of India (RBI) data.

NBFCs have to repay debt worth Rs 1.75 trillion by June 2020: CRISIL

Many finance companies are already facing a liquidity challenge after the IL&FS debacle.

Public sector banks overtake private banks in fresh loan sanctions

Private sector lenders have been leading on this front for some time, mostly leveraging on retail credit.

Bank credit growth slumps to 5-decade low of 6.14% in FY20 over low demand

Bank advances growth in FY20 was the slowest since the fiscal ended March 1962, when loans had grown by 5.38 per cent

NBFCs to face liquidity crunch on lack of clarity on RBI moratorium: Crisil

RBI had announced a relief package which included a three-month moratorium on payment of all term loans outstanding as on March 1, 2020

Coronavirus impact: Credit growth likely to remain modest, says RBI

MPC report says better transmission of rates would remain priority

'Covid-19 hangs over future like spectre': RBI in Monetary Policy Report

While efforts are being mounted on a war footing to arrest its spread, Covid-19 would impact economic activity in India directly through domestic lockdown, the central bank has said

Bank of Baroda trims MCLRs by 0.15% across tenors; cuts term deposit rates

Among other tenors, the MCLRs from overnight to six month loans have been cut by 0.15 per cent each in the range of 7.40-7.85 per cent

Irdai rejects general insurers' call for blanket easing of solvency margins

However, it said specific cases would be considered on merit