Page 670 - Finance News

Rate cut, infusion of liquidity will end credit crisis: Edelweiss chairman

The premium that top-rated non-bank lenders pay over sovereign debt to borrow fell to the lowest in a year last week

RBI unlikely to extend October 1 deadline for repo-linked loans

The RBI is of the opinion that banks already have enough flexibility to introduce a repo-linked loan product

RBI plans to structure loan rates of NBFCs, housing finance companies

Unlike banks, HFCs and NBFCs do not have any 'anchor rate' or a uniform interest rate-determining structure

CVC sets up panel to examine bank frauds of over Rs 50 cr, suggest actions

This development will instill a sense of protection among bankers from prosecution for genuine decisions, and promote lending

Fund raising via NCDs drop 67% on low investors' confidence in Apr-Aug FY20

NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible debentures

Irdai in talks with insurance firms hit by govt's mega PSB merger drive

The mergers have created a problem as many of these banks are promoters of insurance companies

Why has India's mega public sector banks merger plan failed to lure funds?

A prolonged shadow-banking crisis and hurdles in bankruptcy rules have left India holding the world's worst bad-debt pile

Mega merger of PSBs: What happens to their names, logo and identity?

Among other committees formed by banks to implement the merger is a committee on branding, which will look into the issue of logo and name of the bank, said the head of a PSB

NextGen PSBs: Allahabad Bank board approves merger with Indian Bank

Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders

SBI Chairman slams 'selfish' private sector bank for Altico crisis

According to reports, a leading private sector bank allegedly moved in to secure its exposure by "netting-off" money from a fixed deposit maintained by Altico

Warburg Pincus may buy Andhra Bank's 20.5% stake in IndiaFirst, says report

Deal could be valued at Rs 700 cr; Analysts say this could be seen as a direct impact of the recently-announced mega-mergers of 10 state-run banks into four

SBI will move RBI to offer fixed-floating rate home-loans: Chairman

Rajnish Kumar said the central bank's recent guidelines on floating rate products for the retail segment has necessitated the need for the clarity

Debt of NBFCs fast catching up with non-finance companies: Details here

Borrowings by NBFCs up 21% CAGR in last 5 years

SBI drops IPO plans for general insurance arm; card JV to hit market in Q4

Investor interest for its cards business is very high, and SBI Card listing will happen in the March quarter

On-tap licence regime: RBI doubles SFB net worth floor to Rs 200 crore

RBI has stated that the key criteria for licences will be the entity's ability to serve smaller customers

RBI-led review could be a painkiller for liquidity-starved shadow banks

The pain is clear in both funding costs and share prices: a handful of shadow banks have lost between 40 per cent and 90 per cent of their market capitalisation over the past year

YES Bank stock slide, promoters seek intervention from Sebi and RBI

Shareholders say negative messages being circulated by short-sellers

RBI proposes Rs 200 cr minimum equity capital to set up small finance bank

Releasing the draft guidelines for 'on tap' licensing of SFBs in the private sector, the RBI said existingNBFCs, micro finance institutions and local area banks can opt for conversion into SFBs

Can banks survive negative rates, instability in global financial system?

The spread of unconventional monetary policies threatens to set off dangerous and unpredictable feedback loops

NBFC crisis: Now, DHFL, Altico Capital default on bond repayments

The default by DHFL is towards principal and interest on non-convertible debentures worth Rs 350 crore issued by it, DHFL said in a regulatory filing