Page 684 - Finance News

Stressed assets funds may return to India after relaxed ECB norms

Companies seek returns of over 20 per cent but RBI has put restrictions on yields and tenure

HDFC reduces prime lending rates on home loans by 10 bps from August 1

For women borrowers, there is an extra 5 bps discount in each category of loans

RBI allows domestic banks to sell NPAs abroad as one-time settlement

Experts say the move can raise India's external liability significantly and build up risks

Axis Bank Q1 net profit jumps 95% to Rs 1,370 crore; stock falls over 1%

Net interest margin (NIM) stood at 3.40 per cent for the quarter, against 3.46 per cent in the year-ago period

Liquidity in secondary market for G-secs hugely improved in the past decade

Liquidity in G-Secs is mainly in a few benchmark securities, particularly the 10-year bench­mark

Doing away with charge levied on merchants may hurt PoS machines deployment

The Budget proposed that businesses with annual turnover of more than Rs 50 crore shall offer low-cost digital modes of payment to their customers

RBI relaxes external commercial borrowing norms for corporates, NBFCs

ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes

SBI tightens lending terms for auto dealers as sector sees downturn: Source

As part of the revised terms, the country's largest bank by assets has decided to halt lending to dealers of Hyundai Motor India unless they provide a minimum of 25% collateral

More NBFCs will have to die if India's shadow-banking sector is to survive

A few quarters of pain in sectors that depend upon shadow financing is a small price to pay to produce a sector that winds up doing its job efficiently and sustainably

SBI cuts deposit rates sharply, other lenders may follow suit

The term deposit rates will be 20 basis points lower for retail customers, and 50-75 basis points lower for deposits up to 179 days

Fixed deposit investors likely to feel the pinch after SBI cuts rates

The SBI has cut deposit rates by 5-75 basis points across tenures. Shorter-tenure deposits have seen a higher quantum of cut than longer deposits

PNB Housing Finance raises Rs 690 crore from IFC through ECB route

This is the maiden fundraising via the ECB route in 2019-20 by PNB Housing Finance. The company further said that other ECB proposals are in the pipeline

RBI to discuss sovereign bonds on Aug 16 amid risks flagged by economists

The Reserve Bank of India's board will meet on August 16 to discuss, among others, the nation's proposed maiden offshore bond sale plan

Deposit rate cuts at private banks likely to lag State Bank of India

Having cut rates, they may use this to strategically raise more term-liabilities

Slowdown and NBFC crisis pose fresh NPA scare for banks: Moody's

Moody's said it expects growth to be 'weaker' in the next 12-18 months, without quantifying its growth expectation

Banning pesky calls from NBFCs for offering loans may not be ideal: RBI

RBI rejected suggestions given by RTI activist on operations of NBFCs, like to ban calls luring customers for unsecured loans, capping interest rates and putting a ban on financing of NBFCs by banks

SBI slashes deposit rates on various tenors, cut to be effective from Aug 1

The country's largest lender has also cut deposit rates on bulk deposits of Rs 2 crore and above

PNB Housing Finance raises $100 mn from IFC for affordable housing projects

PNB Housing Finance Managing Director Sanjaya Gupta said this is the first ECB disbursement during the current financial year under the RBI automatic route

Govt plans to list 3-4 regional rural banks on stock exchanges this year

The bank consolidation exercise is going on as the objective is to bring the number of RRBs to 38 from the current 45

Cash-strapped DHFL seeks bankers' approval to restart loan disbursals

Plans to resume lending business from monthly EMI collections