Page 681 - Finance News

YES Bank appoints Anurag Adlakha as chief financial officer, replaces Ahuja

Adlakha was earlier senior group president and head of financial management & strategy

Public sector banks volunteer to link their lending rates to repo

Analysts said this would possibly squeeze the banks' profit margins because lending rates could not be lowered immediately

United Bank of India to link retail loan rate with repo rate; to lower MCLR

Few months back, SBI had linked savings account deposits and short-term loans with the repo rate

Canara Bank cuts lending rates by 10 basis points across all tenors

With this revision, Canara Bank has cumulatively reduced its MCLR by 20 bps during the last six months and thus, one-year MCLR has come down to 8.50 per cent per annum from 8.70 per cent earlier

RBI not done with easing, to cut rates in Oct and early next year: Poll

If the RBI does cut rates in October and early next year it will be the most aggressive amongst major central banks in easing policy

Banks near zero hour on $124-trn flows as fintechs cut their share, margins

Traditional banks must raise their game to keep customers from fleeing to the likes of TransferWise and Revolut Ltd

Bank of Maharashtra, IDBI Bank cut lending rates by 10 to 15 basis points

Many more banks are expected to follow suit with rate cuts on the back of comfortable liquidity and low bond yields

NBFCs lure retail investors with high yields as banks tighten purse strings

Tata Capital Financial Services, a subsidiary of Tata Capital, said it would hit the market with tranche 2 of its NCD to raise up to Rs 4,126 crore

City Union Bank Q1 profit up 15% at Rs 186 crore on prudent risk management

The bank continues to stay away from large corporate consortium lendings and infrastructure sector advances

Rs 3 trn capital infusion cut PSBs' loss, not their credit supply: Report

Nine lenders of the 19 PSBs, including Indian Bank, State Bank, Bank of Baroda and Canara Bank, have reported current value of investment higher than the investment amount, the report said

Oriental Bank of Commerce, IDBI Bank cut MCLR up to 15 basis points

The rate cut follows an MCLR cut by the country's largest lender SBI post the RBI's decision to reduce the key interest rate by 35 bps

RBI may cut another 25 bps before Dec amid concerns over growth: Study

In the third bi-monthly monetary policy review, the central bank cut the repo rate for the fourth time in a row to 5.40 percent-- a nine-year low, and retained neutral stance going forward

In policy making, you have to take a call beyond numbers: Shaktikanta Das

Numbers are paramount, what our assessment of the incoming data is, and how we see the incoming data, Das said

RBI rate cut only good for short-duration bonds as hopes of big cuts fade

The RBI reduced its main rate by an unconventional 35 basis points to 5.4%, the lowest since 2010

PNB recovers Rs 278-cr minimum balance penalty from poor account holders

This amount has been recovered from about 12.7 million customers across the country

NBFCs to receive more liquidity support as RBI raises exposure limit

This has been done to increase the credit flow to certain sectors which contribute significantly to economic growth in terms of export and employment

RBI likely to cut repo rate by another 40 bps in the rest of 2019-20

After back-to-back rate cuts, RBI could pause in the October policy but then deliver a 25-bp rate cut in the December policy after July-September GDP data are out in November-end

Repo rate at nine-year low after RBI announces first-ever cut of 35 bps

FY20 growth projection cut to 6.9%; RBI Governor Shaktikanta Das says slowdown cyclical

Hedge funds make a comeback in India; bet on 25 start-ups this year

Deal volumes similar to 2014, half of 2015, and thrice the deal volume in 2016 and 2018

Near decadal low repo rate may not revive economic growth, earnings yet

While experts laud the move as a step in the right direction, earnings growth may take a 3-6 quarters to recover