Page 762 - Finance News

YES Bank to seek RBI nod to extend MD & CEO Rana Kapoor's term beyond Jan

The bank has set up a committee to find Kapoor's successor

Crisis-hit IL&FS may get a lifeline with LIC, SBI likely to increase stakes

The two institutions could increase their stakes through rights issue

Amid crisis, IL&FS takes over Collage Group's property to recover Rs 1 bn

Nomura India's latest report says the IL&FS group has a consolidated debt of Rs 910 bn

Govt announces states' financial inclusion index, easy online MSME loans

Jaitley said the financial inclusion index would create an element of competition among states with each of them vying for last-mile connectivity in banking

Jana Small Finance Bank to hire 1,000 fresh employees for planned expansion

Targets branch network of 500 by March 2019

Cutting CRR among options for RBI to improve liquidity: Finmin official

RBI could also consider buying more bonds from the open market and open a special window for mutual funds to inject liquidity, the official told reporters, declining to be identified as the discussion

IL&FS row should not be a contagion, depends on how it is handled: Experts

Non-banking finance companies are also walking the extra mile to assure investors that they are in the pink of health

YES Bank board to meet today after RBI directive on Rana Kapoor's tenure

YES Bank to decide the future course of action after the RBI curtailed the term of its founding CEO Rana Kapoor

Rs 50-bn loan fraud: ED to file chargesheet against Sandesara brothers

The central probe agency will seek Interpol red corner notices (global arrest warrants) against the brothers and other accused

RBI to conduct open market operations to infuse liquidity of Rs 100 billion

The purchase will happen through multi-security auction using the multiple price method

In 6 months, 41% of NBFC debt papers due for refinancing: Credit Suisse

About 41% of those debt papers, though, are due for refinancing in the current financial year, Credit Suisse has said in a report

FM Jaitley to meet PSB chiefs tomorrow to review performance, NPA situation

The meeting will review annual financial performance of public sector banks, credit offtake in the economy, priority sector lending and progress made under various social sector schemes

IL&FS crisis: HFCs with weak liquidity to face heat as MFs on high-alert

Rising redemption pressure complicates the situation for debt fund managers

IL&FS crisis: Was correction in NBFC stocks overdue, given rich valuations?

Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x

Japan's Orix Corp keen to acquire a majority stake in crisis-hit IL&FS

IL&FS and its subsidiaries have defaulted on repayment to lenders in the current month and the group is facing severe liquidity crisis

IL&FS crisis: No concern over liquidity due to NBFCs, says SBI chairman

We lend support to NBFCs within the regulatory policy framework and will continue to do so, says Rajnish Kumar

IL&FS incident is unfortunate, says RBI director S Gurumurthy

IL&FS assets are built for 30 years' return on 10-year finance, says Gurumurthy

Sebi disposes ICICI's submissions for overhauling its settlement rules

The suggestions made by the private sector major covered issues ranging from timelines to limitation clause to applicable payments

No concern on liquidity of NBFCs, says SBI chairman Rajnish Kumar

Experts attributed the fall in NBFCs' scrips to tightness in money market and a lack of clarity on IL&FS exposure

Fullerton India plans to raise Rs 120 bn in FY'19, open over 400 branches

In 2017-18, Fullerton India's disbursement stood at Rs 122.71 billion