Page 744 - Finance News

Digital assistants, social media to be primary channels for banking by 2022

The greatest impact of transformation is expected to be in the areas of payments, mobile wallets and lending in the next three years

PNB Housing: Efforts to shore up liquidity weigh on disbursements, margins

While increase in liquidity provides comfort in terms of asset-liability management, near-term margin pressure continues

RBI's Diwali gift to infra firms: Min ECB holding period pruned to 3 years

This follows a meeting chaired by Prime Minister Narendra Modi in September to review the prevailing economic issues

RBI vs Govt: Will Centre turn up heat on Urjit Patel in Nov 19 meeting?

If Patel departs it is likely to roil financial markets-traders

Nov 19 meet: Govt may have its way, but relations with RBI to stay strained

Given the way the govt-RBI relationship has developed lately, nobody can be certain there will be no new twists or turns before the all-important meeting

Whose vote will tilt the scales at the next RBI meeting on Nov 19?

Two government officials and four deputy governors won't vote at the crucial meeting

IFC plans to invest around $50 million in Ujjivan Small Finance Bank

Ujjivan would use the funds for on-lending to MSMEs, SMEs and women-owned enterprises

IL&FS effect: Sebi may review existing regulatory norms for liquid schemes

Besides reviewing the single-investor limit, the regulator is mulling whether a liquid scheme is the right place for money meant for banks' intra-day liquidity

Bad loan respite for 30 banks, GNPA declines by Rs 103 bn in 2 quarters

Bankers said the asset quality cycle had turned for better, reflecting the effect of repayments after a rigorous follow up

Sebi asks rating agencies to explain failure in detecting IL&FS crisis

People in the know say that rating agencies have responded to the regulator, explaining their stance on why they failed to act on time

IL&FS crisis: IndusInd Bank moves NCLAT to recover unpaid interest

The NCLAT has adjourned the matter till November 13

SBI to raise up to Rs 200 bn via FPO, other modes for growth

The bank said consent of the shareholders will be sought to issue equity shares for an amount not exceeding Rs 200 billion

HDFC Bank hikes deposit rates by 0.5%; BoB raises lending rate by 0.1%

HDFC Bank has increased deposit rate to 7.25 per cent for fixed deposits of 3-5 years from the earlier 7.1 per cent.

SBI fraud: 8 bank officials, Harshad Mehta's brother acquitted in Mumbai

The case against prime accused Harshad Mehta was 'abated' after he died in 2001

Videocon loan case: ICICI Bank defends ex-CEO Chanda Kochhar before Sebi

Under the code of conduct, Chanda Kochhar didn't need to disclose third parties' investments in husband's firm, says bank

Is SBI being too cheerful even as a $36-bn blow from shadow lenders looms?

The big chill will come if SBI's $36 bn in advances to small and midsize enterprises are stressed, which may well happen if shadow lenders are forced to cut back their own exposure to these borrowers

PNB fraud: Mehul Choksi aide Deepak Kulkarni nabbed at Kolkata airport

Kulkarni was a director in a Hong Kong-based "dummy" firm linked to Choksi

SBI back in black; Q2 net profit at Rs 9.44 bn on higher interest income

SBI chairman Rajnish Kumar in a media conference call said bank is back in profit after three quarters

Provisioning dents PAT for private banks despite high interest income

Net profit fell 1.6% as provision accounts for 44 per cent of private banks' operating profit

Locking horns: Centre might have agreed to RBI's revised PCA framework

The RBI had proposed revising the revised PCA framework to the Ministry of Finance in September 2016