Page 730 - Finance News

Here's why New Delhi can't afford NBFCs to stumble even accidentally

At 14 per cent of GDP, India's shadow-banking universe is much smaller than the 70 per cent ratio in the People's Republic, as Moody's Investors Service notes

RBI to inject Rs 600 bn more liquidity by Jan via open market operations

The OMO purchase in the present fiscal year will be around Rs 2.5 trillion

With merger complete, IDFC First Bank commences business on Wednesday

V Vaidyanathan will be the managing director and chief executive officer of the merged entity

YES Bank sells 2.13% stake in Fortis Healthcare, stock falls over 1%

According to a BSE filing, the bank said it sold the stake in various tranches

Capital First-IDFC merger creates IDFC First Bank; V Vaidyanathan to be CEO

The merger will serve 7.2 million customers through its 203 bank branches, 129 ATMs, 454 rural business correspondent centres across the country

RBI vs exporters: Understanding the genesis and solution to the EDPMS issue

The EDPMS system was introduced by the RBI in 2014 for all banks to bring their transactions with the exporters online

PSBs' selection panel seeks application for the post of Canara Bank MD

The post of MD and CEO of Canara Bank is lying vacant since superannuation of Rakesh Sharma on July 31, 2018

Carlyle seeks to double holding in PNB Housing, gain controlling stake

Carlyle is considering expanding its 32.4% holding after valuations for the housing finance company turned attractive

YES Bank sends Brahm Dutt's name to RBI for post of chairman: Report

Dutt, a retired bureaucrat, is currently an independent director on the bank's board

NPA resolution should decline in future as fresh accretion coming down: SBI

The resolutions have already been done in a few cases, while they were in an advanced stage in a few others, said SBI official

RBI vs govt: We didn't ask for Urjit Patel's resignation, says Arun Jaitley

Govt doesn't need a single penny from RBI in this fiscal, said Arun Jaitley

Jobs bonanza: SBI, BoB, other PSBs to soon hire 100,000, offer fancy pays

Even as the PSBs struggle with the weight of non-performing assets, they are hunting for new-age talent for an image makeover

NBFCs stare at valuation hurdle, IPOs in pipeline may see tepid interest

Within the NBFC space, housing finance companies (HFCs) are likely to find few takers

No interim relief for Kotak Mahindra Bank from Bombay HC

The matter will be heard next on January 17, 2019

Govt opens managing director post at SBI to other PSB executives

In the last few months, some of DMDs from SBI have been appointed as chief executives and MDs for the public sector banks

Now, executive directors of nationalised banks eligible to become SBI MD

Traditionally, nationalised banks' EDs were elevated as MD, while DMDs were made MDs of SBI

Giving excess reserve to govt may pull down RBI credit rating, warns Rajan

RBI's board last month decided to set up a committee for examining the economic capital framework to determine the appropriate levels of reserve the central bank should hold

Staffers expect new Governor Shaktikanta Das to bring old RBI back

Not only were Urjit and Rajan outsiders, they also hired laterally, bypassing the existing talent, especially in the field of economics

HC rejects IDBI officers' plea against LIC move to acquire stake in bank

The All India IDBI Officers Association was concerned that taking away public sector status of IDBI could affect the employment conditions of its staff

Bombay HC refuses to stay Kotak Mahindra Bank stake dilution deadline

The court said it would hear the case next on January 17