Page 622 - Finance News

Govt to pump Rs 1,300 cr in Exim Bank next fiscal to drive business growth

Established in 1982, Exim Bank is the apex financial institution for financing, facilitating and promoting the country's international trade.

Finance Commission recommends Rs 19,309 cr devolution to Himachal for FY20

The average annual grant under was increased by Modi to Rs 14,407 crore in 14th Finance Commission and now to Rs 19,309 crore in 15th Finance Commission for 2020-2021, he said

P2P lending achieves 10-fold growth with returns as high as 25% in 1 year

Some of the players in the sectors are themselves wary of this unregulated interest rate regime

RBI Governor expects transmission of rate cuts to improve further

Earlier this month, the central bank opted for a status quo on the benchmark interest rate, amid signs of hardening inflation and an uncertain global environment

Common portal for health insurance claim settlements on the cards

Regulator aims to usher time-bound settlement of claims and eliminate disparity in charges among different for some common procedures

IOB to focus on MSME, will increase lending to Rs 50,000 cr: Official

Laying more focus on MSME segment, IOB would increase its lending to the sector from the present Rs 31,000 cr to Rs 50,000 cr in a couple of years from now.

Banks' loans rise over 7% in two weeks to January 31: RBI report

Non-food credit rose Rs 1.02 trillion to Rs 100.24 trillion

18 PSBs hit by fraud cases of Rs 1.17 trn in Apr-Dec of FY20: RTI

SBI reported 4,769 cases of banking frauds worth Rs 30,300 crore during the nine-month period

Long-term repo operations will be conducted on fixed-rate basis: RBI

The monetary authority also clarified that the interest on these repos will be compounded on an annual basis and will be conducted at the prevailing repo rate

SBI's Arijit Basu backs oversight on banks without probe agency overreach

Talking about the current levels of non-performing assets, Basu said banks should have been cautious in some cases

RBI's new asset recognition norms credit negative for banks: Moody's

Last week, the RBI harmonised guidelines for deferment of date of commencement of commercial operations (DCCO) for projects in non-infrastructure and commercial real estate (CRE) sectors

Advisory Council of 15th Finance Commission to meet on Thursday

The meeting will be chaired by chairman of the Commission, N K Singh, and will be attended by its members including A N Jha, Ashok Lahiri, Ramesh Chand, Anoop Singh and Arvind Mehta.

Dec quarter shows much-needed improvement in asset quality for PSU banks

Slippages ratio for FY20 pegged at 3.5 per cent a tad lower than previous year's 3.7 per cent, but MSMEs, agri and retail are segments that could see fresh stress

IOB expects to be profitable in Q4 FY20 after being in red for four years

In third-quarter results announced earlier this week, the bank said it plans to come out of PCA by focusing on recovery, low-cost deposits and less capital-consuming advances.

India Ratings downgrades Yes Bank issuer rating from 'A' to 'A-'

This is the third downgrade of the private sector lender by Ind-Ra in last one year - which could adversely impact the bank's franchise and potentially create challenges on asset and liability side.

Banks should 'deeply involve' those brought into financial system: Kovind

"The challenge before us is to deeply involve those included. I would urge all of you to think of financial products that meet the needs of those at the bottom of the ladder," Kovind said.

City Union Bank Q3 PBT dips marginally to Rs 227.43 crore, income up 11%

Gross and net non-performing assets rise

Succession plan is often ill-executed

Most firms lack proper in-house succession planning; and often don't spend enough time, energy and resources in planning for the same

PNB clarifies no proposal for changing bank's name after UBI flags issue

This statement comes days after a UBI official said that the government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020

Falling deposits are the latest problem for Yes Bank after bad loans

The lender issued a statement last month assuring customers about its liquidity and stability and said it is making every effort "to financially strengthen the bank further."