Page 714 - Finance News

Will cut interest rates further once marginal cost of funds declines: SBI

SBI announced only a 0.05% cut in interest rate on home loans of up to Rs 30 lakh despite the RBI cutting the repo rate by 0.25% last week

RBI finds no divergence in provisioning, asset classification: Yes Bank

The Reserve Bank of India assesses compliance by banks with extant prudential norms on income recognition, asset classification and provisioning as part of its supervisory processes

Here are some steps that could be initiated against wilful defaulters

Defaulters cannot get additional finance from banks

How top bankers left cushy jobs to become entrepreneurs

The crowd which dares to walk alone is getting bigger as the years pass, reports Raghu Mohan

Easing core inflation sets stage for more interest rate cuts by RBI

Consumer-price growth reached 2.05 per cent in January, well below the Reserve Bank of India's medium term target of 4 per cent

Despite RBI move, NBFCs' woes to continue till permanent funding fix found

The nuance that has been lost is whether the move is aimed more to free up the capital of banks or to help loan companies

PSB bad loans under Mudra Yojana stand at Rs 7,277 cr: Govt to Parliament

Loans extended under PMMY from the inception of the scheme up to March 2018 were Rs 5.71 trn

Govt brings single regulator Bill for intl financial services centres in RS

Banking, capital markets and insurance sectors in IFSCs are regulated by multiple regulators at present

How a small Tamil Nadu bank beat India's largest banks in the stock market

City Union Bank Ltd., a small lender based in Kumbakonam, has risen more than 27% over the last twelve months, the best performance of any Indian lender in the Bankex index after Axis Bank Ltd

S&P affirms Indian Overseas Bank rating at 'BB', keeps outlook stable

The bank breached its regulatory capital requirements after a loss in the third quarter of FY19

Govt not considering any merger of PSBs at the moment: Reports

The process of amalgamation is going on according to the schedule, the sources said. They added that the other proposal would be considered after the stabilisation of this three-way merger.

Explained: Why offshore rupee market is gaining importance for RBI

The NDF market operates in major financial centres such as Dubai, London, and Singapore

Statsguru: RBI cuts inflation forecast, repo rate by 25 bps to 6.25%

RBI now expects inflation at 2.8 per cent in Q4FY19 and 3.2-3.4 per cent in H1FY20

SBI, Oriental Bank put stressed assets on sale to recover Rs 5,740 in dues

The bulk of accounts up for sale by SBI are of small and medium enterprises that have dues amounting to Rs 4,667 crore

Deposits in Jan Dhan accounts set to cross Rs 90,000 cr, shows govt data

The government has shifted the focus on accounts from 'every household' to 'every unbanked adult'

RBI MSME package to help recast Rs 1-trn loans for 700k accounts: Govt

The scheme announced by RBI is a one-time scheme wherein a loan tenor and interest rate can be revised without classifying the asset as an NPA

Global payments firms still pushing for free flow of data across borders

A few leading payment providers are actively engaging with the Reserve Bank of India (RBI) for allowing free flow of data across borders

Banks vs ATM operators: NPCI recommends a hike in interchange fee

Interchange fee is the amount charged by ATM operators for every transaction

High credit-deposit ratio restricts banks' ability to cut interest rates

SBI reduces rates by 5 basis points on home loans up to Rs 30 lakh

Harmonisation of NBFCs to ease regulatory complications, say experts

As the IL&FS group defaulted on its debt obligations, the NBFC sector earned a bad reputation for itself and also went through a period of liquidity tightening