Page 846 - Finance News

Indian promoted fintech company gets listed on NASDAQ

Longfin is a non-banking fintech company providing structured commodity trade finance, having revenues to the tune of $27.7 mn in 2016

Banks to refer 23 large stressed accounts to NCLT for insolvency proceeding

In August, the Reserve Bank had asked banks to either resolve the 28 more large stressed accounts by December 13

BS Banking Round Table: MSMEs big opportunity for 2018, like retail earlier

The Indian banking industry's MDs, CEOs, CTOs put their minds together to discuss the future of banking and payments system at the Business Standard Banking Round Table 2017

RBI likely to extend NCLT deadline for second NPA list

Jaiprakash Associates, Jayaswal Neco, Videocon may not land at the insolvency court if RBI extends deadline beyond Dec 13

PNB raises Rs 5,000 crore via QIP to fund expansion plan

The sale comprised about 14 per cent of the bank's outstanding equity

Syndicate Bank seeks up to $186.4 million in share sale

Ahead of the launch of the share sale, the stock closed at Rs 84.45 on the National Stock Exchange on Tuesday

Punjab National Bank launches up to $777 million share sale

According to a source and the deal term sheet, Punjab National Bank is looking to sell the shares at an indicative price of 168 rupees each

Farm debt waivers not favoured by ex-RBI heads

D Subbarao said bank accounts don't translate to financial inclusion; Bimal Jalan said financial inclusion had to be combined with financial stability

Firms, lenders ask RBI to extend insolvency deadline

If debt resolution is not finalised by December 13 for the 28 companies, insolvency proceedings will kick off

SBI changes names, IFSC codes of around 1,300 branches

Even if some payment comes based on the old IFSC codes, it will get mapped with the new codes, said Praveen Gupta

Is bitcoin the new ponzi? Initial Coin Offerings raise regulatory hackles

In India, the term 'ponzi' is often used for illicit collective investment schemes

RBI takes to SMSes, missed-call helpline against prize frauds

Typically, such fraudsters make calls or send SMSes and emails to gullible people promising lotteries and prize money from the Reserve Bank

Syndicate Bank cuts MCLR by five basis points for select maturities

The MCLR for six-month and one year lending have been kept unchanged at 8.25 per cent and 8.45 per cent

Axis Bank gets shareholder nod to raise Rs 11,626 cr

The shareholders approved the fund-raising during an extraordinary general meeting (EGM) of the bank

OBC cuts MCLR by 0.05% for select tenors

The MCLR for overnight, and six-month lending have been kept unchanged at 8.10 per cent and 8.30 per cent

ICICI Bank mops up $500 mn in overseas bond sale

The bank has initially given a price guidance of 170 bps over the US treasury for the 144 A RegS issue

Timely equity infusion in MFIs boosts asset quality, says Icra report

Several MFI players reported over 98 per cent collection efficiencies for the loans disbursed after January 2017

Regulator rationalises card transaction fee

Volume and value of debit card transactions has only grown by 12 and 14% after demonetisation

Your money in bank is safe, assures FinMin on new FDRI Bill

The consent of creditors or depositors is not required for bail-in

Struggling to open a PPF account? ICICI Bank offers instant online service

The bank said it is the first lender in the country to introduce a fully digital and paperless procedure for opening a PPF account