Page 723 - Finance News

Why RBI under Shaktikanta Das could go for interest rate cut next month

A slowdown in the world economy, the trade war and skittish financial markets are forcing policy makers to express fresh caution about their scope for tightening monetary policy

No cost-of-fund benefit took the fizzle out of small finance banks

In the financial year 2017-18, SFBs posted a collective net loss of Rs 2,020 crore, against a net profit of Rs 140 crore the previous year, according to RBI data

Inflation at 18-month low, gives RBI room to ease monetary policy

The consumer food price index contracted 2.51% in December; in November, it had contracted 2.61%

ICICI Bank appoints 2 additional directors as part of board makeover

Former IDBI CEO B Sriram and management consultant Rama Bijapurkar appointed for five years

Slowing growth? RBI needs to lower its FY19 projection to 7%, says SBICap

Weaker growth and the possibility of inflation undershooting the 2 per cent lower boundary of the RBI's inflation target range are adding to calls for interest rate cuts this year

UPI's value grew 700% in 2018 while total digital payments fell 1%

UPI 2.0 to fast-track growth, as merchant transactions rise

RBI net-seller of dollars in November, unwinding $644 million: Report

The rupee had a better run in the past fiscal, while it was one of the worst among its emerging market peers this fiscal year, which explains the reasons for the RBI intervention in the forex market

RBI warns of spike in NPAs under government's flagship MUDRA scheme

The central bank has flagged that bad loans under PMMY have risen to Rs 11,000 crore

Only 22% minority shareholders exit IDBI Bank following open offer by LIC

Existing shareholders feel value of their shares going up substantially in the future following management takeover by LIC

Syndicate Bank hopes to recover Rs 1,500 cr from NPAs in 3-6 months

Currently, the bank has a total business of roughly around Rs 4.80 trillion, comprising deposits of about Rs 2.50 trillion

YES Bank appoints Brahm Dutt as non-executive part-time chairman on board

Dutt has been on the board of the bank since July 2013 as an independent director

RBI imposes Rs 3-crore penalty on Citibank India

The US-based Citibank has been operating in India for over 115 years

RBI panel on MSMEs to chalk out plan to resolve liquidity crisis in sector

The panel would cover all the factors affecting the sector's performance and what would be the viable solution for its sustainability

India Ratings downgrades PNB Housing Finance's NCDs from 'AAA' to 'AA+'

PNBHFL is among the top-five HFCs in India in terms of assets under management, with about a six per cent market share of housing loans

ILF&S impact: Bandhan Bank sees provisions triple, NPAs spike in Q3

The lender posted a 10% rise in profit to Rs 331 crore in the December quarter

RBI to examine Dec-quarter result of 11 PSBs before easing lending curbs

The government of Prime Minister Narendra Modi has been pressuring the central bank to ease the curbs on at least some of the banks in an attempt to boost lending and the economy

Chandra Shekhar Ghosh, prudent banker, steps out of his comfort zone

Chandra Shekhar Ghosh has been a cautious businessman all through his career, but the acquisition of Gruh Finance appears out of character.

From Ujjivan to Suryoday, small-finance banks to hire 5,000 staff by March

These small-finance banks require a new pool of talent for diversification

RBI expands ambit of gold-monetisation scheme

Experts said this was likely to attract huge quantities of gold over the coming months. Some claimed this was a move to bring out unaccounted gold ahead of the Lok Sabha elections

IndusInd Bank posts 5% growth for Dec quarter due to IL&FS provisioning

The bank had earlier stated that it had a total exposure of Rs 3,000 crore against the IL&FS group, of which Rs 2,000 crore is aganst the holding company.