Page 702 - Finance News

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

Creditors recover nearly half of total claims of Rs 1.42 trn, shows data

Affidavit by IBBI filed in NCLAT shows data of 88 successful CIRP

Rate change in multiples of 25 bps not sacrosanct: RBI governor

Asked about structural reforms in India in the past few years, the RBI governor listed the implementation of the GST and the IBC, among others.

Unsecured lending categories grew at 31.3% in 2018, says CIBIL report

All major consumer lending products experienced double-digit percentage growth

EMs risk breaking out of the hegemony of dominant currencies: RBI Governor

Das was speaking at the IMF's 'Governor Talks' programme at the International Monetary Fund-World Bank Spring Meetings

IL&FS mess: India's shadow banks run out of options, sell bonds to public

Mutual funds and institutional investors are still wary of lending to non-bank financiers, and tighter market liquidity has weighed on company ratings, which deteriorated at the fastest pace in 6 yrs

Banks close FY19 with 13.24% credit growth, deposits up 10.03%

Bank deposit growth fell to a five-decade low in year to March 2017 as demonetisation bonanza withered

Banks Board Bureau pushes for governance reforms in public sector banks

The BBB has told the government to improve the operative environment and selection process for filing up post of directors on PSB boards to "attract the best board-level talent"

Bank credit growth loses momentum, up 13.24% to Rs 97.67 trillion

In the year-ago fortnight, deposits were at Rs 114.26 trillion and advances at Rs 86.25 trillion

IMF flags concern over India's high stock of bad bank loans

Officials say bad debt recovery process should not be hindered. Also, growth should be more inclusive

Some top bankers chart their own path amid crisis in India credit

The individuals branching out face huge risks succeeding where financial institutions with deeper pockets stumbled

Karnam Sekar to take over as MD, CEO of Indian Overseas Bank from July 1

Murali Ramaswami, executive director at Vijay Bank, will move to Bank of Baroda

State Bank of India cuts MCLR by 5 bps, home loans cheaper by 10 bps

One-year MCLR will be 8.50% per annum (pa). The interest rates on all loans linked to MCLR stand reduced by 5 bps from April 10, 2019, India's largest lender said in statement

SBI buys loans worth Rs 27,000 cr from non-banking financial cos in FY19

Flush with funds, SBI in October 2018 had tripled its target to buy good quality retail asset portfolio from finance companies to Rs 450 billion from earlier target of Rs 150 billion

Between Peter and Paul: Banks continue to be blindsided on dud loans

The information asymmetry on credit continues to plague banks

IOB reduces lending rate of 1-year loans by a marginal 5 bps to 8.65%

Indian Overseas Bank is the second state-run lender to reduce MCLR following a second consecutive 25 bps cut in the repo rate by the Reserve Bank last week

Retail loan growth slows in Q4CY18: CIBIL

While the pace of growth of retail loans has slowed, the demand for credit products has accelerated due to factors like rising consumerism and the impact of demonetisation.

HDFC Bank plans to raise up to Rs 50,000 crore in FY19 by issuing bonds

The bank said its board of directors will consider the proposal at its ensuing meeting on April 20

Banks to lead earnings growth in Q4; Nifty50 firms' profit may grow by 23%

Earnings of Nifty50 firms may grow by 23.6% in March quarter despite 10-quarter low revenue growth