Page 701 - Finance News

RBI's second 3-year dollar-rupee swap auction too a grand success

The three-year forward premium was 775 paise in the morning before the auction

RBI's new norms to force small businesses to get cash management act right

From the start of this fiscal, firms with a working capital limit of Rs 150 crore and above will first have to avail of 40% of it in the form of a working capital demand loan

ABN Amro plans to invest 1 bn in India

ABN Amro plans to invest 1 bn in India

Money laundering case: ED orders Kochhars to appear with asset lists

Chanda Kochhar also has to provide income-tax returns in her individual capacity and of companies if she was a director or held any position

How will RBI walk the tightrope on legal issues concerning stressed assets?

While coming up with a revised framework for resolution of stressed assets, the regulator should be careful of the potential for other legal challenges, say experts

Extend special loans to Jet to clear staff dues: Bank employees union

All-India Bank Employees Association praises SBI-led lenders for deft handling of Jet case

Credit bureaus turn to data analytics to provide holistic credit scores

Credit bureaus are increasingly focusing on custom data analytics and alternative data partnerships with fintech companies

Deposits in Jan Dhan accounts fast inching towards Rs 1-trillion mark

The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014 with an aim to provide universal access to banking facilities to all households

HDFC Bank Q4 net profit up 22% to Rs 5,885 crore on interest income growth

Net interest income for the quarter increased 22.8 per cent to Rs 13,089.5 crore from Rs 10,657.7 crore in the same period of the previous financial year

Did not issue five-day-working instruction for commercial banks: RBI

Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday

At Rs 26,200 crore, NBFC-MFIs see 170% rise in securitisation deals in FY19

According to MFIs, one of the factors behind the rise in securitisation deals was State Bank of India's (SBI) decision to buy portfolio worth Rs 45,000 crore from NBFCs

RBI's liquidity ops for banks a temporary fix; cash still in short supply

Currency dealers say the central bank has the scope to do another $5 billion swap, considering that banks have extra dollar holding

P2P firms seek RBI relaxation on lending limit

At present, borrowing from the P2P platform by a single entity is also limited to Rs 10 lakh. Most micro and small enterprises have loan requirement between Rs 5-25 lakh

Non-life insurance premium up 13% at Rs 1.7 trillion in FY19: Irdai

The 34 non-life insurers had a gross premium of Rs 1.51 trillion in 2017-18

RBL Bank Q4 net profit rises 39% to Rs 247 crore on interest margins

The net interest margins rose to 4.23% in Q4FY19 from 3.98 per cent in Q4FY18

RBI governor Das flags growth slowdown, Viral Acharya advocates caution

The RBI governor advocated a 25 basis points cut, showed minutes of the MPC

Deutsche Bank appoints Kaushik Shaparia as CEO to succeed Ravneet Gill

Shaparia's appointment will be effective from May 2019

United Bank of India cuts MCLR by 5 basis points, effective Thursday

One-year marginal cost of funds-based lending rate (MCLR) has been reduced to 8.80 per cent from 8.85 per cent

Revival in investor sentiment for NBFCs may be a long-drawn process

Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.

Banks must flag bad loans as NPAs after 90-day default: RBI to NCLAT

Sixty-nine firms of the group have been classified under categories based on their ability to service routine debt obligations