Page 735 - Finance News

YES Bank appoints former Irdai chief Vijayan independent director

Vijayan has been a key member of the search and selection committee set up to identify a suitable successor for the MD & CEO

Microfinance sector sees 51% growth in Q2; portfolio at Rs 1.46 trn: Report

NBFC-MFIs held the largest share of the portfolio in micro-credit with total loan outstanding of Rs 540.18 bn, or 37% of the total micro-credit universe

YES Bank's tussle with RBI and the stormy aftermath: A timeline

The tiff with the Reserve Bank of India (RBI) has caused several top executives to exit Yes Bank's board, and prompted rating cuts

Moody's keeps outlook on banks stable despite weak asset quality

The capitalization at public sector banks (PSBs) will remain weak but government support may provide relief, said Moody's

RBI may hold interest rate in Dec 5 policy review on weakening economy

RBI kept its benchmark rate unchanged at 6.5 per cent in October, lowering its growth forecast for the first quarter of the 2020 fiscal year to 7.4 per cent

In a rare move, top bad-debt buyer Edelweiss eyes loans that have gone sour

Banks have been channeling increasing amounts of credit to retail consumers after defaults among corporate borrowers eroded their profitability

I-T dept probing Axis Bank staff for allegedly facilitating benami deals

Tax sleuths have detected over Rs 520 million of unexplained cash in jewellers' bank accounts

ICICI Securities selected to advice Finance Ministry on two M&A deals

The selection of the advisor would help DIPAM cut down the procedural time for going ahead with M&A once the companies are finalised

SBI to sell 3 NPA accounts to recover Rs 21-bn dues; e-auction on Dec 13

On Nov 22, SBI had held an e-auction of 11 NPA accounts that had outstanding dues of Rs 10.19 bn towards the bank

YES Bank stock fall hits MFs, holding value in lender drops sharply

Fund houses held shares worth Rs 84 billion in the private sector lender at the end of September

RBI cut Kapoor's term at YES Bank on governance, compliance issues: Report

Sources close to the bank told news agencies that several of the concerns raised by the RBI have already been addressed

LIC pays govt Rs 24 billion as dividend from its Rs 48-billion surplus

LIC would also infuse Rs 150-200 billion into the loss-making IDBI Bank struggling with accumulated bad loans

Frankfurt prosecutor says Deutsche Bank raid continues for second day

Deutsche Bank shares traded 1.4% lower on Friday morning after a 3.4 decline on Thursday. Shares are down 48% so far this year

How S Gurumurthy, an influential economic voice, is shaking up RBI

What neither side disputes is that Gurumurthy, who joined the central bank's board in August, is now one of the country's most influential economic voices

End to bank freebies? Get set to pay GST on credit cards, ATM, cheque books

If the banks are charged GST for free services, the customers may have to pay a higher tax for holding a minimum balance account

IL&FS crisis: RBI allows NBFCs quicker turnaround time for loans

According to the revised norms, loans of original maturity of more than five years can be securitised after receiving the repayment of six-month instalments

Sebi earmarks Rs 5 bn for upgrading surveillance to tackle mkt manipulators

The IT provider will have to set up entirely new systems and carry out exhaustive data analysis

Bank of Maharashtra deserves to keep independent identity: Outgoing chief

The central government is scanning for merger and amalgamation opportunities among state-owned lenders

NBFC liquidity, not governance, to be focus of next RBI board meet

The RBI has so far maintained it doesn't view cash crunch as a systematic issue, which it feels is limited to a few housing finance companies

SBI blames adverse policies for stranded private capital in infra projects

Remarks come days after Nitin Gadkari blamed the Reserve Bank for 'complicating' project finance and asked the central bank to aid infrastructure creation