Page 662 - Finance News

Reserve Bank board discusses commercial, co-operative banks, NBFCs

The meeting assumes importance after the Punjab and Maharashtra Cooperative Bank scam and the general liquidity deficit in the NBFC sector

Bandhan Bank surges 15% ahead of inclusion in MSCI Global Standard Index

One estimate shows the MSCI inclusion could lead to ETF buying of nearly Rs 1,280 crore in Bandhan Bank.

PMC Bank scam: RBI board discusses framework for co-operative banks

Besides, the board reviewed the current economic situation, global as well as domestic challenges, and various areas of operation of the Reserve Bank of India

Reserve Bank remains net seller of US dollar in Aug; sells $4.072 bn

During the reporting month, the Central bank had purchased $615 million and sold $4.6 billion in the spot market

Urban cooperative banks to get umbrella body for liquidity support

The organisation, an NBFC, will have authorised capital of Rs 500 crore

Lakshmi Vilas Bank exploring other avenues to raise capital; stock falls

Bank officials said with the fall in share price and valuation, there could be interest from other investors

Half a dozen public sector banks cut lending rates by 25 basis points

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper

LVB to continue fund raising after RBI rejected merger with IndiaBulls

The decision taken by the RBI brings to an end the uncertainty and the financial institution would continue to raise capital as per the permitted modes in compliance with all applicable regulations

IndusInd Bank Q2 net jumps 52% to Rs 1,401 cr; gross NPAs up 2.2%

Total income during the second quarter of 2019-20 rose to Rs 8,877.53 crore from Rs 6,755.37 crore in the year-ago period

Bank of Maharashtra cuts MCLR by 0.10% to 8.40% effective October 8

Base rate has been kept unchanged at 9.50 per cent per annum

RBI's 'no' to Indiabulls-Lakshmi Vilas Bank merger fans contagion risks

On Wednesday evening, the Reserve Bank of India quashed a proposed merger of Indiabulls Housing Finance Ltd., one of the country's largest real-estate lenders, with Lakshmi Vilas Bank Ltd

How Amazon, Flipkart and Mukesh Ambani can help save India's banks

Amazon Flipkart claimed record sales during the recently concluded six-day online shopping bonanza

No special liquidity window for NBFCs, says RBI deputy governor

The NBFC issue started after Infrastructure Leasing and Financial Services defaulted on a loan last year

RBI rejects merger of lndiabulls Housing Finance with Lakshmi Vilas Bank

The bank had sought approval from the Reserve Bank of India (RBI) on May 7, 2019

RBI turns down Maha Bank's request to set-off losses on share premium

The bank would look for higher equity infusion from the central government, its promoter, and also look at tapping tier-II bonds to enhance capital adequacy

Depositors feel the pinch as SBI cuts savings bank rate to 3.25%

Depositors keeping their money in savings bank account are technically not seeing their money grow.

SBI to cut MCLR by 10 basis points across all tenors from Oct 10

The one-year marginal cost of funds-based lending rate (MCLR) would come down to 8.05% from 8.15% from October 10

Small finance banks lag in opening Jan Dhan Yojana accounts in Odisha

This is despite their strong branch network and plans to expand retail banking operations; PSB lead race, accounting for 70% of such accounts opened in the state

RBI denies Bank of Maharashtra proposal for setting off Rs 7,360 cr losses

The Bank's board and shareholders approved setting off losses against the balance lying in share premium account and revenue reserve account of bank

PMC Bank scam: ED to attach HDIL promoters' plush Alibaug property

The bungalow is spread across 2.5 acres; valuation being assessed