Page 660 - Finance News

SBI to conduct e-auction of 11 accounts on Nov 7 to recover Rs 467-cr dues

The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7

HDFC Bank's PBT surges 17% in Q2FY20; asset quality remains stable

Deposits grew 23%, and advances rose 19.5% year on year

Demand for cash this festive season prevails over economic slowdown

The demand for currencies rose in the eastern India, where Durga Puja is a major festival

How opportunistic behaviour can worsen India's $200 bn-plus bad loan crisis

A capital-constrained economy like India can't afford a jungle raj in finance

Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

Regulator, auditor should be held responsible for frauds in banks: Thakur

Sell our assets to pay off bank's dues, Wadhawans write to RBI, agencies

The Wadhawans, in a letter to the ED, Union finance ministry and RBI, requested that they be allowed to sell off 18 of their attached assets. The letter was released by a spokesperson of the Wadhawan

PSBs had 'worst phase' under Manmohan Singh, Rajan: FM Nirmala Sitharaman

Sitharaman said while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today

Slowing credit growth puts economic revival hopes on shaky ground

Lending growth by banks had nearly halved to 8.8 per cent at the end-September from the start of the year

PNB Housing to raise up to Rs 10,000 cr by issuing bonds in tranches

The company's board will meet on October 24 to declare quarterly earnings for the second quarter of this fiscal and will also consider proposal to raise fund

Indian Overseas Bank to e-auction over 500 properties worth Rs 800 crore

The properties are spread across seven centres comprising Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad

LivQuik seeks approvals from RBI to start foreign remittance services

Future Group payments affiliate LivQuik to launch foreign remittance services at stores

Funds raised by PE/VCs to invest in India drop by 11.5% in Q2FY20

Q2FY20 witnessed the large $16 billion Flipkart-Walmart deal. If this deal is excluded, exits during Q2FY20 were almost twice the value recorded in Q2FY18

RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank

The move follows the weekend assurance by finance minister Nirmala Sitharaman to urge the Reserve Bank to look into the woes of the depositors of the cooperative bank with urgency

Govt closely monitoring developments at PMC Bank, says Sitharaman

PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances

PMC Bank depositors to file a writ petition in Bombay HC on Tuesday

PMC ex-MD Joy Thomas has accepted that his board helped him in manipulating more than 21000 bogus accounts

PMC Bank depositors reach RBI gates, seek meeting to lift withdrawal cap

Depositors have also planned silent marches across Mumbai today

DHFL stock declines 20% over HDIL and crisis-hit PMC Bank concerns

DHFL said it has no exposure to HDIL and PMC, and cautioned against misleading reports that can trigger panic

Banking system is safe: RBI tells depositors again as PMC crisis deepens

The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector

Reports of our exposure to HDIL and PMC Bank are misleading: DHFL

The housing financier is supposed to reach a debt resolution plan with its lenders shortly so that new funds start flowing into the company