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Page 805 - Finance News

RBI may keep repo rate unchanged at 6% in today's policy review: BS Poll

But surprisingly, there is a narrow chance that the central bank may cut rates in the future: BS Poll

RBI may keep repo rate unchanged at 6% in today's policy review: BS Poll
Updated On : 05 Apr 2018 | 10:37 AM IST

PNB misled RBI on SWIFT integration: Central Bank to Finance Ministry

The RBI sent out the advisories detailing what banks should do to prevent a Bangladesh Bank-heist like incident

PNB misled RBI on SWIFT integration: Central Bank to Finance Ministry
Updated On : 05 Apr 2018 | 12:40 AM IST

ICICI Bank board defends MD on nepotism charges, quashes allegations

The bank's board also reviewed its internal processes and exposure to the Videocon group

ICICI Bank board defends MD on nepotism charges, quashes allegations
Updated On : 04 Apr 2018 | 8:56 PM IST

ICICI Bank stands by Kochhar, urges not to spread rumours on Videocon loan

ICICI Bank Chairman MK Sharma has also revealed that the bank has 'satisfactorily' replied to the questions of all the regulators

ICICI Bank stands by Kochhar, urges not to spread rumours on Videocon loan
Updated On : 04 Apr 2018 | 8:56 PM IST

ICICI Bank reviews credit approval process, expresses full faith in Kochhar

The bank said that its share of banking sector's exposure to Videocon Group was less than 10%

ICICI Bank reviews credit approval process, expresses full faith in Kochhar
Updated On : 04 Apr 2018 | 8:56 PM IST

ICICI Bank says no favour done to Videocon, answered regulator's queries

The bank has been accused of nepotism and quid pro quo in extending credit to the Videocon group and its associate, NuPower Renewables

ICICI Bank says no favour done to Videocon, answered regulator's queries
Updated On : 04 Apr 2018 | 8:55 PM IST

'Chanda Kochhar a huge beneficiary of Videocon loan; govt must order probe'

Deepak Kochhar, who is Chanda Kochhar's husband, is an indirect beneficiary of the loan granted to Videocon, according to trustee, Indian Investors Protection Council

'Chanda Kochhar a huge beneficiary of Videocon loan; govt must order probe'
Updated On : 04 Apr 2018 | 8:55 PM IST

Sebi looking into ICICI Bank-Videocon conflict of interest matter

ICICI Bank is India's fourth most valued bank with a market capitalisation of about Rs 1.8 trillion and its shares are also part of the benchmark stock market index Sensex

Sebi looking into ICICI Bank-Videocon conflict of interest matter
Updated On : 04 Apr 2018 | 8:55 PM IST

Videocon-ICICI loan case: CBI questions bank officials

The bank had clarified that none of the investors of NuPower Renewables are borrowers of ICICI Bank

Videocon-ICICI loan case: CBI questions bank officials
Updated On : 04 Apr 2018 | 8:55 PM IST

Chanda Kochhar's conflict of interest? ICICI-Videocon controversy explained

Rs 32.5 bn ICICI bank loan amount was part of Rs 400 bn loans that Videocon group secured from a consortium of 20 banks led by SBI

Chanda Kochhar's conflict of interest? ICICI-Videocon controversy explained
Updated On : 04 Apr 2018 | 8:53 PM IST

Personal ties do not always result in criminal acts: Venugopal Dhoot

Personal ties between two people do not always result in criminal acts, Dhoot said in an interview aired on Marathi television channel ABP Majha

Personal ties do not always result in criminal acts: Venugopal Dhoot
Updated On : 04 Apr 2018 | 8:52 PM IST

ICICI Bank stock posts biggest single-day drop in nearly three years

Shares of the country's third-largest lender closed at Rs 261.9, down Rs 16.5, or 5.93% on the BSE

ICICI Bank stock posts biggest single-day drop in nearly three years
Updated On : 04 Apr 2018 | 8:52 PM IST

Banks stare at $38-bn new bad loans from power sector: Merrill Lynch Report

Of the USD 178 billion loan, the distribution companies have USD 65 billion, generation companies have USD 77 billion, and transmission firms have a debt burden of USD 36 billion

Banks stare at $38-bn new bad loans from power sector: Merrill Lynch Report
Updated On : 04 Apr 2018 | 8:08 PM IST

ICICI Bank launches social media-based remittance service for NRIs

The communication between Money2India app and social media platforms is carried out using the bank's secured channels

ICICI Bank launches social media-based remittance service for NRIs
Updated On : 04 Apr 2018 | 6:34 PM IST

Crisil advises caution on home loans to businessmen as NAPs double

As against a 20 per cent per annum overall increase in home loans during the past four years, loans to the self- employed segment have grown by 33 per cent every year

Crisil advises caution on home loans to businessmen as NAPs double
Updated On : 04 Apr 2018 | 5:24 PM IST

Reliance Jio now brings banking on mobile: Know benefits of payments bank

The payments bank is like any traditional bank operating at a smaller scale. The only difference is that payments banks do not have any credit-providing service

Reliance Jio now brings banking on mobile: Know benefits of payments bank
Updated On : 04 Apr 2018 | 2:55 PM IST

RBI keeps private banks waiting on bonus payment to top executives

Silence linked to under-reporting of bad loans

RBI keeps private banks waiting on bonus payment to top executives
Updated On : 04 Apr 2018 | 1:42 AM IST

Despite Rs 130-bn scam, PNB 's domestic business crosses Rs 10 trn in FY18

PNB's domestic deposits grew 6.2% to Rs 6 trillion in 2017-18

Despite Rs 130-bn scam, PNB 's domestic business crosses Rs 10 trn in FY18
Updated On : 04 Apr 2018 | 12:39 AM IST

Expect MPC to remain vigilant on potential upside risks in Apr 4-5 meet

A wait-and-watch stance by the MPC will also support the government bonds market

Expect MPC to remain vigilant on potential upside risks in Apr 4-5 meet
Updated On : 03 Apr 2018 | 10:55 PM IST

PSU banks wrote off Rs 2.41-trn loans from Apr 2014 to Sept 2017: Govt

Writing off loans is done, inter-alia, for tax benefit and capital optimisation

PSU banks wrote off Rs 2.41-trn loans from Apr 2014 to Sept 2017: Govt
Updated On : 03 Apr 2018 | 8:04 PM IST