Page 696 - Finance News

NBFCs may see profit margins squeezing from RBI draft liquidity norms

Instead of providing a much-expected liquidity window to non-bank finance companies via the regular lenders, the central bank took a tougher stance

NBFCs show fresh interest in on-tap licences, initiate talks with RBI

Pressure on NBFC sector to have stable funding base a major reason

Fixing NBFCs, cleaning up bank balance sheets among govt's 100-day plan

In the next 100 days, during which falls the Union Budget in July, the government will be busy with pending issues

Curbing black money: Now, get ready to pay tax on cash transactions at bank

The matter is being discussed and it has been taken up in some of the pre-Budget consultation meetings

RBI risk draft may hit NBFCs; FIDC asks to address liquidity problem first

Borrowing cost could increase lower investment spread

Modi govt's finance sector goals: Towards less cash and policy clarity

Bullish about the success of its 'Digital India' initiative, the government has already charted its Vision 2022 master plan

More borrowers take the private placement route amid liquidity crunch

Three-month rolling average shows April fund-raising through the route is higher than last year

State Bank of India to conduct a customer outreach programme next week

Under this initiative, customers can interact with the staff to discuss concerns and share feedback

RBI to buy Rs 15,000 crore of bonds from secondary market on June 13

The decision was taken considering the evolving liquidity conditions

Corporation Bank plans to raise Rs 4,000 crore capital in two years

The bank came out of the Reserve Bank of India's Prompt Corrective Action regime in the fourth quarter ended March 2019

RBI pushes crisis-hit NBFCs to maintain more high-quality liquid assets

All NBFCs must have contingency funding plans for responding to severe disruptions

Public sector banks recover Rs 1.2 trillion from stressed assets in FY19

Banks recovered close to Rs 55,000 crore from the NCLT resolution, the official said

Pvt banks back to drawing board, expand branch network to boost efficiency

HDFC Bank added more than four times the number of branches in FY19 compared to the previous year

BoB narrows net loss to Rs 991 cr in Q4 on accelerated NPA provisioning

The provisions for NPAs for the fourth quarter was at Rs 5,550 versus Rs 3,416 crore in the previous quarter

IL&FS crisis may lead to consolidation in NBFC sector: Fitch Ratings

The report comes against the backdrop of the Reserve Bank of India's decision to create a specialised cadre to supervise and regulate the financial sector, including banks and NBFCs

RBI not in favour of providing special credit window to NBFC sector

Ever since the IL&FS crisis erupted, banks have been averse to lending to the sector, which has put them in a tight spot

Liquidity-starved DHFL stops fresh deposits, premature withdrawals

On Friday, the company's credit ranking was downgraded by Brickwork Ratings to 'BBB-Plus'

Corporation Bank plans to trim slippages by 50% to Rs 4000 crore in FY20

Says slippages will not be more than Rs 1,000 cr each quarter in FY20 against Rs 2,000 cr each quarter in FY19

PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports

The govt has been trying to merge smaller regional state-run banks with better managed larger government-owned lenders as one way to reduce bad loans that stand at more than Rs 9 trn

RBI readies credit line rules for NBFCs, may seek views after poll results

NBFCs will be able to borrow, based on their retail, agriculture, and other such assets