Page 737 - Finance News

MFI sector may be hit over liquidity issues: Bandhan Bank CEO CS Ghosh

Ghosh also suggested that microfinance institutions (MFIs) should be cautious in expansion in the present market scenario

Flow of financial resources from banks to commercial sector improving: RBI

The outstanding of resources mobilised stood at Rs 97.3 trillion

Two-thirds of NBFCs and HFCs have strong parentage, biz with long vintage

Consumer and small- and medium-enterprises loans account for 60 per cent of their loan mix

Banks to lock horns with non-banks on PPIs

One can expect the overall business model to improve and also be a genuine convenience for the fully KYC-ed consumer

YES Bank promoters conflict: Kapoor may smoke peace pipe with Kapur

According to sources close to Kapoor, whose new- three-year term was curtailed by RBI in mid-September, progress has been made following an "exchange of notes" last Thursday with Madhu Kapur

What is blockchain and can it help avert PNB-like frauds in India?

The Indian Banks' Association has suggested the use of blockchain to monitor financial transactions of a borrower financed by a consortium of banks to prevent fund diversion

To say that RBI's autonomy is being curtailed is wrong: Ex-sebi chairman

N Damodaran said a mature conversation between both the sides, carried out in private, will help iron out the differences

Moody's downgrades YES Bank, changes outlook to negative on governance woes

Board resignations, coupled with RBI cutting Rana Kapoor's term, raise corporate governance concerns, says ratings agency

RBI Governor Urjit Patel to submit written answers to questions by MPs

Sources said RBI Governor Urjit Patel made a presentation about the state of the economy as well about the world economy to the committee

Fitch removes PNB from rating watch negative; lender's NPA ratio peaks

Lender's profitability remains under pressure, says ratings agency

Modi govt to push RBI to lift lending restrictions on some banks: Report

The members, including government nominees, will press for some of the weak banks to be removed from the so-called prompt corrective action list

IFC plans to invest around $20 mn in Suryoday Small Finance Bank

World Bank's investment arm said that the proposed investment would demonstrate IFC's continued support to its financial inclusion partners

NHB seeks liquidity window from RBI for housing finance companies

NHB has proposed the RBI to hike this lending limit for the company from 10 times to 12.5-13 times of the net-owned funds, which stood at Rs 800 billion, an official said

Insolvency rules change likely to strengthen Bankruptcy Board of India

An amendment in the IBC will clear any ambiguity regar­ding the rules on punitive action that can be taken by the regulator after an NCLT approval, sources said

Shoemakers feel the pinch of weak rupee, closure of tanneries in UP

According to industry sources, shoe companies are contemplating increasing prices

Over 12 players show interest in buying stake in IL&FS securities business

The IL&FS group will shortly be launching the asset monetisation process for the sale of many other assets as part of its ongoing resolution process

YES Bank's promoter firms prepay Rs 4 billion of loans to mutual funds

Interestingly, the day the rating was reaffirmed, the share price of YES Bank was down 50% in three months

RBI reduces hedging requirements for ECBs of 3-5 years to 70% from 100%

The hedging reduction would help Indian firms borrow funds relatively cheaply as hedging cost added up substantially to the final cost

Tight liquidity may prompt banks to stay away from NBFC, HFC bonds: Report

The report said the move is likely to improve funding access for entities rated IND A or lower

YES Bank's Kapoor family repays Rs 4 billion to two mutual funds

Rana Kapoor had said he did not intend to sell his holding in the bank, even after he leaves the bank