Page 823 - Finance News

SBI swings into the red in Q3 at Rs 24.16 bn; NPAs rise 84% to Rs 2 trn

The bank reported a rise in gross NPAs at 10.35% as against 9.83% in the previous quarter ended September.

Fintech Will Change How We Bank

We expect fintech companies playing a significant role in shaking the earning foundation of big banks, as they are significantly reducing costs for consumers

Moody's ups outlook on IOB and Central Bank to positive from stable

Expects moderate improvement in profitability and asset quality stabilisation

Actively considering listing in India, says StanChart

Note ban impact behind us, on track to 12% growth: Muthoot Finance MD

Muthoot Finance Managing Director George Alexander Muthoot says the company is looking at options beyond gold loans

State-owned banks need Rs 2.06 trn for 8-9% credit growth in FY19: Ind-Ra

The rating agency has maintained a stable outlook on private sector banks and large public sector banks (PSBs) for FY19

Base rate linked with MCLR: Home loans taken before Apr 2016 may be cheaper

Home loans taken before April 1, 2016 were based on base rate, which was arbitrarily decided by banks

RBI on a rate cut hiatus: Patel flags fiscal slippage, excessive taxes

RBI Governor Urjit Patel said, 'Monetary policy has become much more flexible in terms of responding to inflation risks'

RBI keeps policy rate unchanged; flags inflation risks, fiscal deficit

Five Monetary Policy Committee members vote in favour of status quo; one votes for 0.25% rise

Have complaints against an NBFC? Soon you'll get a platform to raise issues

The ombudsman will exercise jurisdiction over the companies it in a phased manner, starting with deposit-taking NBFCs

As CBI books Nirav Modi, big fishes feel heat as PSBs begin cleansing act

One cannot rule out disclosure of more such cases of fraud to relevant authorities in the coming months as banks have been asked by the finance ministry to proactively plug in the gaps earnestly

Accretion of fresh NPAs has virtually stopped, says Bibek Debroy

Replying to a query on direct taxes, Debroy said that it was perfectly possible to scrap income tax and other direct taxes

Without more data, a change in repo rate or stance was unnecessary: RBI

Urjit Patel said, 'Our projections indicate there may be a slight rise in inflation this quarter but during 2018-19, it will remain around 4.5%'

RBI monetary policy committee: Relief for MSMEs hit by GST transition

Bankers welcomed the move saying this extension would benefit both MSMEs

Linking bank's base rate to MCLR for loans will bring relief to borrowers

RBI will issue necessary instructions in this regard by the end of next week

By keeping interest rates unchanged, RBI bats for policy continuity

Increase in bond yields poses a conundrum to policymakers, and unless quickly reined in, could derail growth recovery

Analysts say you may have to now wait long for next RBI policy rate cut

India Ratings said it expects a long pause from the RBI and there will be no rate actions till March 2019

Among slew of measures, RBI gives MSMEs additional 180 days to clear dues

The sector also got benefit in the Budget 2018-19 announced by Finance Minister Arun Jaitley last week

YES Bank raises Rs 38.47 bn for five-year tenor through global bonds

The proceeds will be used for funding the bank's IFSC Banking Unit in Gift City (in Gujarat) and expand IBU's rapidly growing business opportunities

In FY19, retail inflation estimated at 5.1-5.6% in H1, 4.5-4.6% in H2: RBI

Though prices eased in December, the winter seasonal food price moderation was less than usual, RBI said