Page 650 - Finance News

BS Banking Forum 2019: 'Trust factor will always keep banks ahead of tech'

Rajesh Mirjankar, MD and CEO of InfrasoftTech, says it's a popular myth that bankers do not understand technology

BS Banking Forum 2019: 'Time for NBFCs to reinvent, recalibrate to survive'

Were RBI and govt slow to react to the NBFC crisis? There was an initial feeling that it was a one-institution problem, but going forward, the issue was recognised, says V Srinivasa Rangan

India's banking sector at a turning point, thanks to the SC: Morgan Stanley

SC ruling last week not only paved the way for ArcelorMittal's purchase of Essar Steel India Ltd., but also allowed banks to set the terms of the distribution of sale proceeds among creditors

How a potential $5 bn DHFL write-off can worsen the shadow bank crisis

The potential write-off would place an additional burden on Indian banks already struggling with $130 billion of bad loans, one of the highest levels in the world

RBI's oversight cadre move creates HR trouble, officers threaten agitation

This comes at a time when the RBI is sprucing up its regulatory and supervisory architecture to meet the challenges of the increased interconnectedness and complexities of financial markets

Major wilful defaulters revealed: RBI finally discloses details under RTI

For over ten years, the RBI has denied RTI applicants this information arguing that it would be against the economic interests of the country

SBI made many poor commercial decisions in the past decade: MD Arijit Basu

SBI's market capitalisation on Friday stood at a low Rs 2.95 trillion, which is just about 42% of private sector HDFC Bank's Rs 7.02 trillion

SBI Chairman hopes IBC timeline be adhered to in DHFL resolution

The Mumbai-headquartered pureplay mortgage lender has become the first NBFC or housing finance company to go for bankruptcy resolution

No bottomline growth, no dividends for 18 mths: J&K Bank chairman

He said the industry is passing through very tough times due to the economic slowdown as well as the prevailing political environment

J&K Bank cuts interest rate on savings account to 3.5%

Shares of J&K Bank traded 2.70% up at Rs 81.70 on BSE

Jammu & Kashmir Bank posts Q3 net profit at Rs 724.7 million

The bank had reported a net loss of Rs 4,984.7 million in the October

J&K Bank made a public sector unit, brought under purview of RTI, CVC

The SAC approved that the provisions of the Jammu and Kashmir Right to Information Act, 2009 shall be applicable to the bank like other PSUs

J&K Bank to consider raising Rs 1600 crore in a meeting next week

The meeting is scheduled for May 15, 2019. It will consider raising capital for FY20.

Appoint full-time CEO at J&K Bank on priority to curb slippages: Analysts

They say the move would boost market confidence and help the bank raise tier-I capital

Govt to take 6 months to divide J&K Bank assets, liabilities and ownership

With the new development, the Centre will automatically get the 60% share that the state of Jammu and Kashmir holds, but via the Union Territories

J&K Bank shareholders reject a proposal to reappoint four directors

Give approval to raise Rs 550 crore through tier-I bonds and Rs 1,050 crore through Basel III-compliant bonds

No cash, all digital: Vaya Finserv's strategy for microfinance game

Vikram Akula is the non-executive chairperson and co-promoter of the company

Edelweiss sees 177% surge in mobile app usage in Bhubaneswar in FY19

Edelweiss Personal Wealth Advisory has witnessed an increase of 25 per cent in its client base in Bhubaneswar in the last two financial years

How DHFL fallout will put India's bankruptcy reforms to an unexpected test

After watching the shadow banking industry collapse in slow motion for more than a year, authorities have decided that enough is enough

DHFL depositors get no HC push in Rs 84-cr recovery, to try again on Nov 28

The UP Power Corporation Contributory Provident Fund Trust also has an intervenor application, seeking release of Rs 4,100 crore