Page 688 - Finance News

PNB detects Rs 3,800-cr fraud by Bhushan Power & Steel Ltd, reports to RBI

PNB said Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks

How HDFC recast systems to offer loan approval, disbursement in 10 seconds

The exercise involved an intense effort with most senior managers working without a break between September 2014-February 2015

Budget 2019: Liquidity tap opened for NBFCs, RBI gets powers over boards

Government will encourage PSBs to buy high-rated pooled assets of up to Rs 1 trn of good credit firms

Budget 2019: India gives Reserve Bank more power to regulate NBFCs

The decision follows concerns that a broader financial crisis may emerge as firms like Dewan Housing Finance Corp. and Anil Ambani's Reliance Capital Ltd. struggle to find fresh funding

Srei to merge all its lending biz in a bid to become a universal bank

Srei Infra Finance will remain holding company for lending entity Srei Equipment Finance, which will now only offer fee-based services

RBI forms working group to review regulatory norms on core investment firms

The terms of reference of the working group would be to examine the current regulatory framework for CICs

Multiple triggers could boost Axis Bank's return ratios, say analysts

Lower credit cost, operating leverage and shift in loan mix are key positives

ICICI inks pact with Indostar Capital to finance commercial vehicles

Under this partnership, IndoStar will originate and service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing

RBI may get regulatory powers over HFCs; NHB to be in charge of supervision

The government is planning to amend the Banking Regulation Act to give more teeth to the central bank

Rapid growth of microfinance industry leading to risks of over-borrowing

There has been a spike in loan ticket sizes in the past two years, and a rise in the loan outstandings of borrowers approaching more than one lender

Money matters at Mint road: RBI's capital reserves vs other central banks

The temporary and accounting nature of revaluation reserves has led to the concept of 'core capital'

Deutsche Bank India FY19 net up 32% to Rs 1,199 cr, income rises 21%

Its total income came in at Rs 6,891 crore in FY19, a 21 per cent increase over Rs 5,716 crore during the year ended March 2018

Why it's sunset time for bilateral wage talks for state-run banks

What's dawning on all concerned is there is simply no way that state-run banks can dole out equal hikes to their staffers as has been the practice through the decades

Crisis-hit NBFCs seek special refinance window under Mudra scheme

Following the IL&FS bankruptcy last September, the entire shadow banking sector has been under severe liquidity stress with many leading players like DHFL reporting defaults

Finance ministry asks EPFO to reduce annual fund payout of 8.65%: Report

There are concerns that the high return would hurt the economy by reducing banks' ability to lend at attractive rates

Medium-term fiscal consolidation priority for India: IMF

Finance Bill 2018: End of the road for MAT on foreign companies

According to the Finance Bill 2018, this amendment will apply in relation to the assessment year 2001-02 as well as subsequent assessment years

J&K bank case: I-T dept initiates probe into irregularities, conducts raids

The action is linked to the recently unearthed alleged irregularities in the bank's affairs and the raids conducted by the state anti-corruption bureau (ACB)

Lenders to crisis-hit DHFL agree to sign inter-creditor agreement by July 5

Private capital firms like AION Capital, joint venture between ICICI Venture and Apollo Capital Management, and Lone Star are amongst players looking for a stake in DHFL

Under Sebi glare, ICRA sends MD and CEO Naresh Takkar on sudden leave

CFO Vipul Agarwal will be interim COO