Depository of News

Housing prices up 5.3% during April-June quarter in 10 major cities: RBI

The average rates appreciated by 2.5 per cent in 10 major cities when compared to the previous quarter

RBI denies YES Bank request to extend MD & CEO Rana Kapoor's term

The bank has hired US-based advisory firm Korn Ferry to help with the selection process

Rupee skids 13 paise to close at 73.61 a dollar amid steady capital outflow

The Indian rupee also came under pressure following a heaving selling in domestic equities

RBI reaffirms Rana Kapoor's successor to be appointed by Feb 1: Yes Bank

The private sector lender's appointed committee is targeting to complete the recruitment process latest by mid December 2018, it added

Danske Bank drops plan to appoint CEO after regulator questions experience

Denmark's largest bank is looking for a new leader after Thomas Borgen was ousted last month as the group struggles to deal with a $235 billion money laundering scandal

Sundaram Finance hikes deposits rates to 7.75% for a year, 8% for 2-3 yrs

The interest rate for Senior Citizens has been increased to 8.25% (8%) per annum for 12 and 18 months

Rupee strengthens by 6 paise to 73.42 against US dollar in early trade

Forex dealers said weakness in the dollar against some currencies overseas and a higher opening of domestic equity markets gave some support to the rupee

RBI issues e-wallet interoperability advice: How it will alter the industry

Enables money transfer between wallets in first phase, with banks in second and through cards in third; 4-5 wallet players already in a testing phase

IIFL Home Finance raises Rs 10 bn from NHB and a $50 mn from SBI via ECB

IIFL Holdings is a leading player in the Indian financial services space

More embarrassment for crippled IL&FS as Ind-Ra downgrades its MF schemes

Crippled IL&FS group faced Tuesday more embarrassments after India Ratings downgraded its various mutual fund schemes and placed them on a rating watch negative (RWN). The agency downgraded three series-1, three series- 2 and two series -3 mutual fund sc

CVC shares report on top 100 bank frauds with RBI, ED and CBI

The analysis focussed on the modus operandi, amount involved, type of lending loopholes that facilitated perpetration of the fraud concerned and the systemic improvements required to plug the gaps

Federal Bank's Q2 net profit rises 0.9% on higher interest income

Net profit was Rs 2.66 billion ($36.08 million) in the quarter ended September 30, compared with Rs 2.64 billion a year earlier

PSBs facing another muted quarter due to NPA provisioning, funding costs

While NPA ageing and mark-to-market losses will keep provisioning elevated, high funding cost and slower credit growth will impact topline

ICICI Bank gets RBI clearance to appoint Sandeep Bakhshi as its MD and CEO

Facing enquiry over the charges of nepotism and conflict of interest, ICICI Bank's former MD and CEO Chanda Kochhar had quit the bank on October 4

IndusInd Bank's Q2 show: IL&FS worries spook street, NIM adds to woes

Due to contingency provision related to loans to IL&FS, Q2 net profit grew at the slowest pace of 5% in 42 quarters

Govt stake in Allahabad Bank rises by 7.6%, shareholding goes up to 79.41%

The preferential allotment of shares is against infusion of Rs 17.90 billion by the government in the bank

IndusInd Bank posts muted 4.5% Q2 profit growth due to ILFS provisioning

Lender takes a one-time contingent provision hit of Rs 2.75 billion against exposure to IL&FS group; without this provision, its profit would have grown 25%

PNB hopes to realise Rs 86 bn by selling non-core assets: MD Sunil Mehta

PNB has already appointed the merchant bankers for sale of its asset in PNB Housing Finance Company

Hyderabad-based startup AnyTimeLoan.in receives NBFC license from RBI

AnyTimeLoan.in has a minimum net owned fund of Rs 20 million

German digital lender Kreditech gets RBI license to operate as NBFC

Founded in 2012 and headquartered in Hamburg, Germany, Kreditech operates in India, Poland, Russia and Spain

Protracted liquidity stress to erode Indian NBFCs' credit profiles: Moody's

Says liquidity tightness might lead to sharply higher financing costs, or even difficulty in rolling over their liabilities

IL&FS Employees' Welfare Trust: The link that paved way to riches for some

The trust's dealings were ignored by everyone, perhaps in the hope that the institutions that owned IL&FS had adequate board oversight of founder Ravi Parthasarathy and his people

NCLAT stays NCLT order on govt's plea seeking protection for IL&FS board

The order noted that some of the groups' companies are already undergoing the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code

NCLT rejects plea seeking protection for IL&FS board; govt may move NCLAT

The order noted that some of the groups' companies are already undergoing the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code

Rupee makes sharp U-turn, opens 23 paise lower against dollar

The Indian rupee has been on a downhill slide for most of the year, falling for six straight months, the longest stretch since 2002.

Chanda Kochhar seeks more time to appear before Sebi for a personal hearing

The coming Tuesday had been set as the final date for personal hearing, cross-questioning and recording of her statement

Who will be Rana Kapoor's successor? YES Bank may select MD & CEO by Dec 15

A committee has been set up with three internal and two external members to search for suitable candidates

SIDBI keen to expand exposure in MFI industry as it posts 25% annual growth

Pure-play MFIs have been a significant contributor to the growth in microfinance lending and have posted double the growth rate compared to traditional banks in the last fiscal

BoB chief faces these challenges ahead of merger with Vijaya, Dena Bank

He firmly believes that although BoB is a public sector bank, a lot can be done internally without government intervention

Banks face various risks from trade tensions, market turmoil: IIF Panel

The saddest thing about the Bali meetings is that «Italy is seen as one of the greatest risks in the world,» tweeted Davide Serra, the founder of Algebris Investments

Sebi exempts Bandhan Bank from 1-year lock-in period on promoter shares

Bandhan Bank's capital adequacy ratio is in excess of 30%, one of the highest in the industry

IL&FS crisis: NCLT reserves order on govt's plea seeking 90 days moratorium

Such litigation challenges will impinge on the company's newly reconstituted board of directors from taking decisions

PCA essential for safeguarding financial stability: RBI's Viral Acharya

Without the PCA imposition, he said some banks would have incurred even higher losses and required even more of taxpayer money for recapitalisation

India's foreign exchange reserves down by $915.8 million to $399.6 billion

In the reporting week, foreign currency assets, a major component of the overall reserves, decreased by $ 1.011 billion to $ 375.231 billion, as per the RBI data.

IL&FS board initiates austerity measures, appoints directors to 8 main arms

New board initiates austerity measures to rationalise operating and personnel expenses across all group entities and not just the holding company

IL&FS board appoints nominee directors for arms, starts austerity measures

The newly-constituted board, headed by veteran banker Uday Kotak, met for the second time on Friday

Bandhan Bank gets Sebi exemption from 1-year lock-in on promoters' shares

The Reserve Bank of India had earlier barred the lender from opening new branches

Oil, battered rupee: Mounting risks that are difficult for RBI to ignore

Inflation within target and signs that demand may be cooling in the world's fastest-growing major economy prompted the central bank to keep interest rates on hold last week

Rupee continues recovery on easing oil prices, gains 38 paise against USD

Forex dealers said a higher opening in the equity market also supported the rupee's sentiment
Contacts | Privacy Policy | Terms of Use
Twitter Facebook Google +