Page 750 - Finance News

HDFC Bank net up 20.6% to Rs 50 bn in Sep quarter; gross NPAs rise 1.33%

The bank's net interest margin stood at 4.3% during second quarter of the 2018-19 financial year

Assocham hails RBI's opening of banking tap to boost capital flow to NBFCs

The provision will allow banks to free up Rs 500-600 billion of liquidity which banks can lend to NBFCs till December 31

Sundaram BNP Paribas raises interest rates on deposits across categories

For individuals, the rate has been increased to 7.75 per cent for deposits for 12 and 18 months

Banks and issue of stressed assets: Why prompt corrective action is a must

Without appropriate supervisory constraints in place, such banks are in a position to delay the recognition of losses

Retail NBFCs need fresh equity capital to maintain their pace of growth

Debt-to-equity ratio jumps to 10-year high during FY18 as borrowings account for three-fourth of industry's incremental asset growth

RBI eases norms for banks to lend more to NBFCs, housing finance companies

RBI enhances single-borrower exposure limit to 15% of bank's capital

Economy must adjust to recent rate hikes, eye on inflation needed: RBI MPC

RBI survey says manufacturers foresee hike in input costs, may raise selling prices; crude prices, tightening of financial conditions will impact investment demand, consumption will be sustained

RBI opposes creation of an independent regulator for payments system

The central bank argued that payments systems are a subset of currency and predominantly controlled by banks in India

Rana Kapoor proposes peace to retain control over YES Bank's operation

A YES Bank spokesperson said Kapoor had acted in his role as promoter and not as the bank's MD and CEO

Shareholders skip IL&FS rights issue, to wait for clarity on board's plans

IL&FS had required a line of credit by August 15 and wanted to close the rights issue by September 15 to avoid any default

RBI issues dissent note to govt over regulation of payments system

The overarching impact of monetary policy on payment and settlement systems and vice versa provides support for regulation of payment systems to be with the monetary authority

Fintech firms capturing market share from banks; $250-bn revenue at stake

Banks also face a threat from tech giants such as, Alibaba and Apple

NBFCs liquidity crunch may slow down housing loan disbursement: Report

The RBI report said prices have been particularly tepid in the metros and Delhi

RBI to allow banks to lend more to NBFCs that don't finance infrastructure

This comes at a time when the liquidity crunch at NBFCs has compounded worries for the market as investors fear the situation may tighten

ICAI expresses disappointment with Centre over dismissive stance on NFRA

In a letter to the Ministry of Corporate Affairs, the ICAI had stated that even the appointment of the chairman of the NFRA came to its knowledge from media reports

Two global firms to help BBB select, train the right men for top PSB jobs

One of the two firms, Korn Ferry, has been in the news for a mandate from YES Bank to assist in selecting a successor to Rana Kapoor

Indian banks now have the advantage over crisis-hit NBFCs, say analysts

For banks, the game will now be about resolution and not recognition of bad loans as seen in the past

NBFCs face double whammy of liquidity bind and tighter regulations

It may appear that NBFCs are reading the tea leaves right on funding

Housing prices up 5.3% during April-June quarter in 10 major cities: RBI

The average rates appreciated by 2.5 per cent in 10 major cities when compared to the previous quarter

SuperTech default risk adds to HFCs' woes amid liquidity tightening worries

Besides SuperTech, a large Mumbai-based realty developer is also reported to be on the path to default