Page 631 - Finance News

Statsguru: Interest rate risks for the Indian economy explained in charts

The Indian economy is expected to expand by 7.5 per cent in nominal terms and lower nominal growth can make debt servicing difficult for the government and private borrowers

More hits than misses for Axis Bank MD & CEO Amitabh Chaudhry in 2019

Better share of retail assets, improved underwriting standards were the positives of his first year as MD & CEO; asset quality not turning around briskly was a blip

We are getting into structural bullish phase for 4-5 years: Vikas Khemani

In an interview with Business Standard, VIKAS KHEMANI, founder, Carnelian Capital Advisors says earnings should grow by 13-15 per cent in FY21 and the broader markets should deliver 18-20% in 2020

Non-life insurers log 11.5% rise in premium at Rs 15980 crore in Dec 2019

Seven stand-alone private sector health insurers collected Rs 1,258.14 crore premium during the month

24x7 Forex market ops: Some NDF volume to move onshore, say experts

The cause for concern for the RBI in this regard is that it has no control over the NDF market, whereas, the onshore market is under direct supervision of the regulator

RBI tweaks norms for imposing penalties on payment system operators

The amount of monetary penalty would vary depending on the impact on account of various factors

Sachin Bansal's Chaitanya India applies for universal banking licence

If given a license, Chaitanya will be the second microlender after the West Bengal-focused Bandhan to be granted a universal banking license

Momentum generated by PM's Jan Dhan Yojana needs to be taken forward: RBI

The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014, was a "watershed" in the financial inclusion movement in the country, the RBI said

YES Bank pares fundraising target to Rs 10,000 cr; junks Erwin Braich offer

This is a remarkable scale down by the bank, which urgently needs capital, but has failed to get so

YES Bank set to raise up to Rs 10,000 cr, won't proceed with Braich offer

The bank also said it would not proceed with a $1.2 billion offer from Canadian investor Erwin Singh Braich and SPGP Holdings announced earlier

UBI to cut MCLR across tenors by 10 bps, BoB to slash 1-month rate by 5 bps

Union Bank of India has reduced the MCLR by 10 basis points across all tenors with effect from January 11, 2020

Financial inclusion in 'Maoist zone' a daunting task for bank authorities

Chhattisgarh has asked bankers to streamline financial inclusion in restive region

Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing

Earlier, Kochhar had stated that ICICI Bank was under statutory obligation to obtain prior RBI approval to terminate her from service, and claimed that the bank did not seek any such approval.

Kochhar challenges RBI decision to terminate her; HC seeks bank's response

Banking Regulation Act says that prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director

Amid Rs 32.5-bn loan row, ICICI Board examines pending insolvency cases

CBI has questioned few ICICI Bank officials as part of a preliminary enquiry to find if any quid pro quo was involved in the bank's issuance of Rs. 32.5 billion loan to the Videocon Group in 201

RBI to decide on Chanda Kochhar's term at ICICI Bank as CEO: FinMin sources

There are allegations of nepotism against Kochhar putting a question mark on the bank's corporate governance

Axis Bank to hire 30,000 employees in next 2 yrs; open 550 branches in FY21

Gross hiring till December FY20 has been of 28000 employees and attrition inched up by 2 per cent in FY20

HDFC Bank launches customised apps for municipalities, housing societies

With this app the bank is targeting 3 million places of worship, 600,000-800,000 housing societies; 2,000+ clubs; and 500+ cities with a population of more than 100,000

Economists prefer capex route to boost demand amid economic slowdown

Though MGNREGA and PM-Kisan have clear rural focus, they think excess public spending should only be on capex

IL&FS case: Sebi may inflict more wounds on raters, increase penalty

Sources said the settlement amount could be revised up to four times upwards