Page 647 - Finance News

RBI hits pause after five straight rate cuts: Top highlights from MPC meet

The RBI said the monetary transmission has been "full and reasonably swift across various money market segments and the private corporate bond market".

Loan melas a short-term salve, may come back to bite NPA-hit banks

Banking and policy experts said government lending schemes had a track record of skimping on due diligence, leading to higher-than-normal levels of bad loans

With rate cuts not helping, here's an unconventional step that RBI can try

The central bank, which reviews policy on Thursday, should look to pull down long-term yields by selling short-tenor bonds and reinvesting in longer-term ones, said Suyash Choudhary

Stung by the cash crunch, India's top shadow banks find respite overseas

The industry has been reeling from a crisis triggered by the shock collapse of financier IL&FS Group last year, which has been followed by more failures

Market awaits RBI monetary policy review, another rate cut expected

A rate cut on expected lines would boost the equity indices

Antigua examining India's request to extradite Mehul Choksi, says MEA

India is trying to bring back Choksi from Antigua under the provision of a law of the island nation which provides for extradition of a fugitive to a designated Commonwealth country

Nirav Modi scam: PNB, Allahabad Bank may decide on action against EDs, MD

Since charges are restricted to procedural lapses without any criminal intent, board will take a decision in that light

Post-merger, turnover of Syndicate Bank and Canara Bank will be Rs 15 trn

Canara Bank Chairman T N Manoharan said his bank was having a business of Rs 10 trillion and the Syndicate Bank R.five trillion

Govt looks to ease lending rules for NBFCs to lift cash-starved financiers

The government is keen to revive credit growth and spur Asia's third-largest economy, which expanded at the slowest pace in six years in the quarter to Sept. 30

Railway spends Rs 22,000 crore on salary, pensions; finances take a hit

The minister said railways spend a lot a funds on cleanliness, running suburban railway trains, gauge conversions and others

As banks turn immune to monetary policy, QE may save the day for RBI

If the central bank views asset purchases as a way to influence the waning quantity of money, then it should act now. Doing so may well save the day

PMC Bank scam: Mumbai Police EOW arrests 3 ex-directors after questioning

The arrested persons were identified as Jagdish Mookhey, Mukti Bavisi and Trupti Bane

Link capital infusion to banks' balance-sheet clean-up: Arcil chief

Recovery rates from bad loans have improved after the implementation of the bankruptcy code in 2016

IBC report card: In 3 years, 48% cases initiated by operational creditors

Financial creditors initiated around 1,086 cases or 43 per cent

Think retail, think detail: More calibrated retail banking growth ahead

Retail banking is showing early signs of stress, and growth may well have peaked

Flush with liquidity, RBI is quietly buying bonds from the open market

Till November 22, the central bank bought Rs 4,300 crore of bonds

51 absconders have defrauded country of Rs 17,900 cr, CBI probing: Govt

The information was provided by Minister of State for Finance Anurag Singh Thakur in a written reply to a question on "fugitive economic offenders" in the Rajya Sabha

Bad loans spike at Altico Capital India amid restructuring plan pushback

Some creditors to Altico Capital India Ltd., which focuses on real estate lending, are concerned that the absence of fresh equity in the proposal fails to address a dramatic surge in bad loans

HDFC Bank net banking, mobile app suffer outages for a second day

The bank has apologised on Twitter and assured customers that the problem will be resolved soon

Record Rs 4.9 trillion loans disbursed during Oct-Nov: Sitharaman

Finance Minister Nirmala Sitharaman in September had asked banks to reach out to customers and signal their willingness to lend following all prudential norms