Page 864 - Finance News

5 housing finance companies dominate mkt, lend 78% of home loans: Icra

HDFC, LIC own assets worth over Rs 1 lakh cr, cornering around 57%

Modi govt's card payment push may cause annual loss of Rs 3,800 cr to banks

After note ban, govt pushed banks into deploying millions of points-of-sale machines to encourage online payments

ICICI Bank launches 1% 'cashback' home loans due to excess liquidity

The bank said the offer is only for new home loan borrowers

Bank of Baroda cuts base rate to 9.15% per annum from Oct 1

The BPLR is 13.80 per cent per annum currently

Alternatives to loan against property for business owners

For bigger amounts peer-to-peer lending platforms are good options

AIF-II cheer as bank taps open

Lenders stopped investing in PEs & credit funds after last year's master risk circular by the apex bank

Syndicate Bank cuts savings account interest rate by 0.5%

Rate cut applicable for deposits up to Rs 25 lakh

Andhra Bank cuts base rate by 0.15% to 9.55% from Oct 1

Base rate is the minimum rate below which a bank cannot lend

NBFC delinquencies to swell from current levels: Icra

As on June 30, 2017, the total managed retail credit of NBFCs stood at Rs. 6.4 trn

Lakshmi Vilas Bank gets board nod to raise Rs 800 cr via rights issue

Capital Raising Committee to determine the terms and conditions of the issue

Scope for rate cut by RBI remains, less possibility of fiscal stimulus: ADB

FM Jaitley recently said the govt would come out with additional measures to boost economic activities

IDBI Bank hires BCG to advise on turnaround plan

The bank expects to identify and address existing gaps, capitalise on core strengths and improve products and processes with BCG's help

YES Bank awaits board's approval to raise Rs 20k cr via bonds

Money to be raised in one or more tranches through private placement

RCap's standalone health insurance to be operational from early next year

The move is aimed at creating a retail-focused entity in this space, said Jai Anmol Ambani, ED, Reliance Capital

RBI caps banks exposure to Reits, InvIts at 10% of unit capital

The RBI also prohibited banks from offering broking services for commodity derivatives segment of Sebi recognised stock exchanges

Vikram Akula back into microfinance biz through Vaya Finserv

Vikram Akula is the co-founder and chairman of Vaya, which is currently operating 50 banking correspondent branches in 5 states

SBI lowers min balance to Rs 3,000; exempts pensioners, minors

The revised minimum monthly average balance requirement and charges will become applicable from October

SBI revises service charges on maintaining monthly average balance

For non-maintenance of MAB, the charges have also been revised downward ranging from 20% to 50%

SBI launches chatbot to help customers in banking activities

The chat assistant, known as SBI Intelligent Assistant, will help customers with everyday banking tasks

66 against the USD? Rupee to depreciate but not in a hurry: BS poll

The government's proposed fiscal push, a widening current account deficit and shrinking scope of foreign investors to invest in local bonds are major contributing factors in pulling down the rupee