Page 691 - Finance News

Bank credit, deposit growth lose momentum; non-food credit increases 11.9%

Non-food credit increased 11.9% in April from 10.7 percent in April 2018

RBI MPC minutes: Slowing growth, tamed inflation prompted rate cut

The Reserve Bank of India cut its policy rate by 25 basis points on June 6, bringing the repo rate to 5.75 per cent

Jalan panel report on RBI's capital size to be finalised by June-end: Das

The ECF panel constituted by the RBI was mandated to submit its report within 90 days of its first meeting, which took place on January 8. Following this, the panel was given a three-month extension

NBFCs face $15.8 bn of maturing debt amid cash crunch, credibility crisis

Refinancing the obligations poses a challenge as investor concerns flare amid mounting problems such as auditors quitting, repayment problems and allegations of embezzlement

India Ratings downgrades Punjab National Bank's Rs 67.5-bn AT1 bonds

The rating agency has affirmed the bank's overall long-term issuer rating at AA+ and the short-term issuer rating at A1+

On-tap licences for small finance banks to see many applicants this year

The on-tap licensing of SFBs comes even as the banking regulator has not officially said it has closed the tap for universal banking licences

Reserve Bank to infuse Rs 12,500 cr in economy through govt bond purchases

The Central bank would purchase five government bonds under open market operations (OMOs) on June 20

Banks to intensify drive to publish names of corporate willful defaulters

Recently, Kolkata-based public sector lender UCO Bank published the name of Yashovardhan Birla along with his photograph, in newspapers

Communication RBI's key tool in managing fiscal stability: Shaktikanta Das

Governor Das' stress on communication comes at a time when the RBI prepares to revamp its liquidity management framework

From ICICI to Axis: Private banks cut deposit interest rates by up to 0.25%

ICICI Bank is understood to have cut its fixed deposit rates by 0.10-0.25 per cent starting from Monday

Rabi Mishra named RBI executive director, to supervise new regulatory cadre

Mishra was principal chief general manager of the bank's risk management department

RBI to pump in Rs 12,500 crore liquidity on June 20 via bond purchases

The decision was taken based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward, the central bank said

Funding for NBFCs should accompany RBI's liquidity management rules: FIDC

RBI intends to prescribe stringent rules for liquidity risk management as many NBFCs were hit by a severe asset liability mismatch

Former CEO Rana Kapoor says not trying for seat on YES Bank board

Kapoor's term was curtailed by RBI due to a slew of concerns, including poor governance and loan practices

Why the buoyancy in g-Sec markets augurs well for public sector banks

With lower g-sec bond yields, banks may see Rs 10,500 crore MtM profits

Financial services to add 47,800 new jobs in first half of FY20: Survey

An important factor that has helped this sector grow is the penetration into the rural markets

Rs 2-trillion bank frauds in 11 years: ICICI Bank, SBI report maximum cases

In that period, Indian Overseas Bank reported 1,115 frauds involving Rs 12,644.7 crore, while Oriental Bank of Commerce 1040 cases of Rs 5,598.23 crore

IDBI Bank reduces MCLR by 5-10 bps to 8.95% across various tenors

he one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced

NHB notification asks housing finance companies to increase liquid assets

HFCs have to in keep 13 per cent as liquid assets--instead of 12.5 per cent earlier--with the remaining share of public deposits to be kept in the form of term deposits or certificate of deposits or i

Crisis-hit DHFL makes Rs 962 cr payment towards non-convertible debentures

This payment of Rs 962 crore is inclusive of the Rs 500 crore DHFL received from exiting its entire stake in subsidiary firm Aadhar Housing Finance Ltd