Page 798 - Finance News

RBI's rate decision influenced more by core rather than headline inflation

India's annual headline inflation slowed for a third straight month in March to 4.28 per cent from 4.44 per cent in February

Capital a constraint for subsidiaries, says Standard Chartered Bank

Standard Chartered appointed Bollywood actor Anushka Sharma as its brand ambassador to target the increasing young working customers

Cash crunch: One in five ATMs calibrated for dispensing Rs 200 notes

Slow progress in recalibrating of ATMs to receive Rs 200 notes was one of the factors responsible for the recent cash crunch

Bad news from banking sector now taking a toll on Indian economy and Modi

The broad uncertainty hovering over the financial sector comes just as the economy was showing early signs of recovering from a disruptive tax system overhaul and the 2016 cash ban

PNB scam: Govt intervenes in Nirav Modi firms' bankruptcy proceedings in US

Nirav Modi-owned Firestar Diamond Inc filed for bankruptcy in the US on February 27

114-bn PNB scam: Bank approaches Hong Kong HC against Nirav Modi

Hong Kong authorities have been approached and recovery writ has been filed against companies of Nirav Modi, the official said

Videocon loan case: Sebi may seek forensic probe of ICICI Bank disclosures

Officials said the examination will also cover the disclosures made at the time of Chanda Kochhar being appointed as CEO and Managing Director of the bank for the first time in 2009

HDFC Bank net profit rises 20% to Rs 48 bn; asset quality remains stable

Other income, comprising fees and other non-interest income, stood at Rs 42.28 billion

HDFC Bank Q4 net profit surges 20% to Rs 48 billion; bad loans tick up

Analysts had on average expected a net profit of Rs 48.43 billion

Netherlands becoming FDI 'round tripping' haven like Mauritius, Singapore?

Study shows that many countries like Mauritius, Singapore and Cyprus were being used to route capital flows from other countries

Hawkish RBI minutes rattle currency, gilts; rupee plunges to 13-month low

The market was nervous after Reserve Bank of India (RBI) Deputy Governor Viral Acharya gave hints of a policy tightening

Cash supply to ATMs improved but cash crunch still persists: Bank officials

Punjab National Bank said cash supply to its ATMs has reached normalcy

Axis Bank commences process to select CEO Shikha Sharma's successor

The Board has appointed Egon Zehnder, a global leadership advisory firm, to conduct the succession process and evaluate candidates for the said post

Here's how scam-hit PNB plans to recover Rs 1.5 bn of bad loans every month

Under 'Mission Gandhigiri' a team visits the borrower's office or residence and sits there silently

For diaspora, YES Bank gets RBI nod to open offices in London, Singapore

Yes Bank opened its first representative office in Abu Dhabi in April 2015

Infrastructure lending is collateral damage in wake of bank scams

The entire process of financial closure for projects is likely to slow down, a problem for government's ambitious infra development goals

Personal loans account for 96% of new bank loans during FY18: RBI data

A slump in fresh investment by corporate sector key reason

ATM cash crunch: Inactive point of sale terminals to be redeployed

The number of PoS terminals deployed has also stagnated since April 2017 as confirmed by RBI data and industry experts, due to inactivity of existing PoS machines

Cash crunch woes: Deposits reduce, ATMs cut-to-size, money movement totters

Many PSBs are in the process of rationalisation of ATMs

States with dry ATMs received highest share of currency notes in 2017-18

An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation