Page 738 - Finance News

RBI must provide more liquidity to NBFCs to boost lending: DEA Secretary

A liquidity crunch had hit India's shadow banks in September and October after a major infrastructure funding company defaulted on a series of debt obligations spreading panic among other NBFCs

Leading banks squeeze money flow to car dealers after inventory pile-up

Banks, which are aware of the retail car sales trend, are also apprising manufacturers of the critical situation and asking them not to push more stocks to dealerships

FinMin hopes 3-4 banks out of 11 will be out of PCA watchlist this fiscal

Last week, the RBI in its central board meeting decided the issue of banks under PCA will be examined by Board for Financial Supervision of the central bank.

IL&FS fiasco: India is missing the wake-up call from its shadow-bank bust

When the IL&FS show did stop, risk management was nowhere to be found; fiduciary responsibilities were similarly absent

Central Bank plans to buy Rs 30 billion of retail loans in next 4 months

While cost reduction and recoveries from bad loans was on top of their agenda, the bank also has to grow its loan book for more revenue, says Cenntral Bank MD

Banks have dominated in top management changes this year: Report

There have been as many as 18 top management changes in listed public sector banks, and another nine in the private banking space

Banks under PCA see 400 bps rise in retail loans' share at 19%: Report

Among the current crop of 11 banks under the PCA, the first to fall in line was United Bank of India in early 2014

RBI likely to keep key lending rates unchanged in next policy meet: Report

CPI inflation is expected to be in the range of 2.8-3%

PSBs get more power to ask govt for look-out circulars against defaulters

Move seen to empower state-owned banks to keep eye on defaulters

RBI rejected govt proposal to apply Basel-III guidelines to four banks

RBI has not acceded to the government's demand of altering the risk weights assigned to the Micro, Small and Medium Enterprises (MSMEs) at the time of availing loans

Govt for more central board members in key RBI panel ahead of Dec 14 meet

Sources said the government had moved a proposal titled 'governance in RBI' at least six months back

HDFC Bank's wholesale loan book grows 23% to Rs 3.5 trillion in FY19 so far

HDFC Bank is leveraging its geographical reach, digital offerings, and its complete suite of products in order to reach out to both existing customers as well as new ones

Bank credit grows 14.88% to Rs 91.11 trillion YoY, reveals RBI data

Many have started buying loan portfolios from NBFCs and HFCs to provide liquidity push

Digital lending to MSMEs may rise up to 15-fold to Rs 7 trn by 2023: Report

India's 60 million MSMEs are broadly defined as businesses with annual revenue up to Rs 2.5 billion

Banks plan to create blockchain platform with SWIFT India to avert frauds

The first blockchain project in the country went live some months ago

What is CCB and why is implementation of final phase of it being delayed?

CCB is a relatively new concept, introduced under the international Basel III norms, which says that during good times, banks must build up a capital buffer that can be drawn from when there is stress

Century Real Estate promoters enter financial services space, launch NBFC

The firm is slowly diversifying into other segments relating to real estate business as part of its initiatives to find varied revenue sources

CEOs of public banks empowered to stop wilful defaulters from fleeing India

Earlier, the Finance Ministry had asked PSBs to collect passport details of all those borrowers who have borrowed loans of more than Rs 500 mn

Buyouts scored over other deals for all PE capital in past 3 years: Report

At 21 per cent, buyouts delivered the highest median returns in exits by strategy

IDFC's brokerage arm up for sale, receives offers from at least 5 parties

Bidding process started on Tuesday, received at least five offers including that of Axis Capital CEO Dharmesh Mehta