Page 626 - Finance News

Agriculture, small biz, retail loans to be a concern for banks in FY21

The RBI has also estimated a dip in stress at its bi-yearly stability report in December

Infosys signs multi-million contract with ABN AMRO to accelerate operations

As part of this renewed contract, the Bengaluru- headquartered IT major will enable ABN AMRO Bank to achieve its business and operational goals

Axis Bank plans to raise Rs 4,175 crore via NCDs on private placement basis

The coupon rate for the issue will be 7.65 per cent per annum, the filing added.

Banks looking to restructure major chunk of Rs 2-trn MSME loans by March

The MSME sector has been reeling from stress for quite some time

IDBI Federal Life Insurance appoints M Balakrishnan as CFO, Prabhu as CIO

Besides, the company also announced elevation of S P Prabhu as its Chief Investment Officer (CIO)

RBI slaps a fine of Rs one crore on HDFC Bank for KYC breach

RBI had issued show cause notice to bank as to why penalty should not be imposed for non-compliance

MDR waiver to hit fintechs, payments companies' business model

Industry fears the move to drag the growth of digital payments

Yes Bank sells shares worth Rs 5.7 crore in Reliance Power via open market

The lender sold the shares at an average price of Rs 1.91 apiece, which took the total deal value to over Rs 5.77 crore.

Bankers get shield from fraud heat; boards of PSBs to be held accountable

Measures to protect prudent commercial decisions of PSB brass

Gross premiums of non-life insurers grow 15% to Rs 1.42 trillion

While the gross premiums underwritten by private non-life insurers grew by 17 per cent to Rs 69,488 crore, that of the state-owned non-life insurers grew by 12 per cent YoY to Rs 62,954 crore

Irdai issues norms to protect group policyholders of merging PSBs

"The insurance companies shall make suitable arrangements with the acquiring banks to this effect," said the the Insurance Regulatory and Development Authority of India (Irdai)

More than just capital: Banks' housekeeping woes set to increase

The solution offered by the central bank is to kick start the capex cycle.

Irdai issues norms to protect group policyholders of merging state banks

Moreover, Irdai has said a bank in its capacity as a group organizer may have group insurance arrangements with any number of insurance firms

Manappuram Finance logs 40% increase in pre-tax profit to Rs 544 cr in Q3

Total income grew 28.5 per cent to Rs 1,414 crore during the quarter, from Rs 1,100 crore in the year-ago period

Budget 2020: NBFCs seek setting up of permanent refinance window for sector

Finance Minister Nirmala Sitharaman is scheduled to present the Budget for financial year 2020-21 on February 1

FinMin's new measures to protect prudent commercial decision of bankers

Finance Minister Nirmala Sitharaman at several occasions assured bankers that adequate measures would be taken to protect honest commercial decisions taken by them

Sachin Bansal steps down as director of Ujjivan Small Finance Bank

The Flipkart co-founder resigned for proprietary reasons as he moves to launch his own digital banking entity

We'll focus on risk management for a healthy corporate book, says BoB CEO

BoB's new managing director and chief executive Sanjiv Chadha tells Business Standard that while the bank has a comfortable capital base to grow he would prefer to visit the market

HDFC pre-tax profit rises 219% at Rs 9,143 cr in December quarter

The mortgage lender received fair value gain of Rs 9,020 crore from derecognition of investment in Gruh Finance

Paytm Payments Bank to help spot apps that may trigger fraud transactions

It is also leveraging artificial intelligence to immediately identify and block suspicious activities