Page 689 - Finance News

HSBC, Stanchart, Citi top charts in customer experience: Kantar report

Kantar today throws up interesting insights and also reflects the huge gap between reality and perception that exists in the sector

Bill to fix 'menace' of illegal deposit schemes gets Cabinet nod: Minister

The Banning of Unregulated Deposit Schemes will replace the Banning of Unregulated Deposit Schemes Ordinance, 2019.

PSBs losing lead bank relationships to private counterparts, says study

According to the study, private sector lender HDFC Bank and PSU lender State Bank of India top the list of local banks which are used by three-quarter of large Indian companies

Large exposures framework: Basel committee lauds RBI on strict rules

In India, the LEF applies to all banks, apart from the regional rural banks

Nabard to switch to risk-based supervision of co-operative banks, RRBs

It will first conduct such exercise on pilot basis and then scale up to cover 400 entities under its supervisory ambit

Nabard to raise Rs 60,000 crore via non-convertible debentures this year

Nabard has introduced new features like multiple pricing of bonds, tripartite repos and 15-year tenor debentures

SBI cuts MCLR by five bps to 8.4% across all tenors from July 10

This is the third rate cut announced by the SBI in the current financial year

RBI Governor to meet private bank CEOs on credit, liquidity concerns

Transmission of interest rates, sectoral concerns to figure in talks end-July

S&P lauds Rs 70,000 cr capital infusion, says PSB reforms remain lacklustre

The global rating agency's calculation of risk-adjusted capital for most rated Indian PSBs is 5-7 per cent, and this is one of the key rating constraints

Financial system's liquidity is in 'huge' surplus, says RBI governor

Das said the central bank will provide a backup "if individual banks require additional liquidity"

Delhi HC agrees to hear banks' plea against service tax on minimum balance

A total of 13 banks had approached the high court claiming that the government had arbitrarily decided on the service tax

RBI to discuss with govt issuance of sovereign bonds: Shaktikanta Das

After the customary post-budget meeting with Finance Minister Nirmala Sitharaman, he said the system has sufficient liquidity and the Budget for 2019-20 has made provision for NBFC sector

Budget 2019: Liquidity support to banks does not rescue weak NBFCs

The Budget allowed more NBFCs to come to the bill discounting platform TreDs, potentially solving the funding need for MSMEs

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