Page 671 - Finance News

Repo-linked loans: Home buyers to see higher outgo in initial years

Under the new structure, SBI has divided the principle amount of the loan by the tenur

Reserve Bank increases banks' loan exposure limit to single NBFC

The government on its part has also been taking steps to increase liquidity in the NBFC sector, which was hit after default by IL&FS Group

RBI cuts risk weight on consumer credit, including personal loan, to 100%

Currently, the risk weight requirement for such loans is 125 per cent

ECB cuts rates, restarts QE to fight slowdown as Draghi era ends

The announcement of a new stimulus package is a remarkable turn of events, just nine months after the ECB signaled it was done with ever-loser policy

Bank credit growth slumps to 10.24%, deposits at 9.73%, shows RBI data

In the year-ago fortnight, advances were at Rs 87.80 trillion while deposits stood at Rs 116.46 trillion

19 lenders file 529 wilful default cases worth Rs 18,500 cr in June quarter

Amount outstanding is up by over a tenth in a quarter

Finance secy Rajiv Kumar to hold review meeting with public sector banks

RBI had earlier this month made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1

Bank unions to go on two-day strike from Sept 20 to protest mega merger

The government has identified four state-run banks- Punjab National Bank, Canara Bank, Union Bank of India and Allahabad Bank for the merger process

Bank of Baroda seeks to sell Dena Bank headquarter in BKC for Rs 530 cr

Dena Bank and Vijaya Bank got amalgamated with Bank of Baroda from this April

ECB introduces Quantitative Easing from Nov 1 at 20 bn Euro/month

The ECB cut its deposit rate to a record low -0.5% from -0.4%

Merger of banks will not negatively impact our business: Infosys Finacle

Infosys Finacle provides banking solutions various banks across 100 countries and cater to more than 1.3 billion accounts

Banks target weaker borrowers as credit growth slips: Why it's a risky bet

Unsecured loans can only offer banks a temporary shelter during a downturn in collateralised credit

10-year bond yields rise, may become tough for banks to pass on rate cuts

The domestic 10-year bond closed at 6.68%, from its Monday's close of 6.58%

UP co-op banks to lend Rs 3,221 cr to sugar mills ahead of crushing season

Estimated working capital needs of the units rises 20% this season, state govt to stand guarantor for loans

Tired of ATM frauds? Soon, you can withdraw money from ATMs using UPI

For now, this service is only available to Bank of India customers and at some ATMs

Corporate bond issuances on the upswing, reach Rs 5.45 trillion till August

While liquidity played a role, banks' reluctance to lend due to risk aversion and tightened group borrower exposure limits are pushing firms to the corporate bond market space, say experts

Yes Bank nears deal to sell minority stake to global tech firm, says CEO

In addition to the tech investor, smaller investors could pump in about $200 million to $250 million, Gill said

Aptus raises Rs 880 cr from Steadview Capital, Sequoia, Malabar Investments

In the past 10 years, Aptus has built a franchise in affordable housing finance with a loan book of over Rs 2,650 crore, which grew over 60 per cent in the past five years

From UK to India, drivers of digital payments explained in three charts

Data also shows the spread and intensity of digital payments does not always increase in tandem with a country's GDP

It's equity raising time for NBFCs, but capital boom may not lift all boats

Raising equity is more about when now; not why do so