Page 861 - Finance News

SBI chairman Rajnish Kumar wants staff to be tech-savvy with human touch

He underlined that the banking is passing through very tough times not just in the country but across the globe

Small finance banks raising deposits to replace high-cost loans

In addition, the new-age banks are betting big on technology to reduce the cost of operations

Rajnish Kumar wants to make SBI a 'Divya and Bhavya' bank

In his first communication to SBI group employees, Kumar says a bank is as good as its frontline people

Barring auto, even retail loans see spike in bad loans: Report

The housing loan portfolio of banks as a whole clipped at 18.27 per cent in fiscal 2017

RBI unlikely to change interest rates for rest of this fiscal: Report

RBI is expected to keep interest rates on hold over the coming months

NBFC status to P2P places compliance burden; lending to go up: Industry

Another player i2ifunding said with this, borrowing and lending activities will gather pace

RBI's financial literacy drive to educate 9 states on e-trade, purchases

Cost of pilot project over 3 years is Rs 18.40 cr; NGOs will also educate on buying life insurance, pension products

Govt open to making amendments to Insolvency & Bankruptcy Code

Move comes in wake of owners of several undelivered flats wanting to seek relief under the said law

PNB puts 32 NPAs with outstanding loan of Rs 1,176 cr on block

Gross NPAs declined marginally to 13.66% of gross advances as on June 30, 2017 from 13.75% a year earlier

Oriental Bank put under central bank's corrective action over bad loans

The bank posted a net loss for the June quarter, with net NPA rising to 9.56%

P2P platforms look for biz model restructuring to comply with RBI norms

Rs 10 lakh cap on lending is restrictive, say players

Govt likely to lower number of public sector banks to 15

RBI has already started recognising bad assets, provision them and is taking some of them via bankruptcy and insolvency process

Rajnish Kumar's elevation as SBI chief likely to trigger reshuffle at top

On the reshuffle of posts, bankers said there could changes in the portfolio of MDs and DMDs

Loan growth unfinished agenda: Outgoing SBI chief Bhattacharya

The fight against NPAs has dampened credit growth and slowed a long-awaited economic revival

Govt may cut its stakes in PSU banks to 52%, says Sanjeev Sanyal

Consolidation in PSU banks may lead to 10-15 lenders that are majority owned by govt, down from the current 21, says principal economic adviser

Reviving lending unfinished task: Arundhati Bhattacharya as she exits SBI

The fight against NPAs has dampened credit growth and slowed a long-awaited economic revival

SBI's Rajnish Kumar puts bad debt under microscope but also eyes growth

India's state-run banks have been battered by soured loans

SBI to sell NPAs of over Rs 3,550 cr to ARCs, finance companies

The top accounts include Jai Balaji Industries (Rs 873 crore), MSP Metalics (Rs 554 crore) and Shiva Textfab Ltd (Rs 531 crore)

Better transmission, but more volatility for borrowers: Experts

From a borrower's perspective, shopping for a loan, currently, can be seriously confusing

Bankers not enthused by new price formula for lending rate

External benchmark could lead to extreme volatility in the interest rate process, say lenders