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Farm loan waiver, exposure to IL&FS may impact SBI's growth target

The bank's management, on its part, is confident about softening of bad loan or NPA with the recovery of Rs 34,000 crore from eight accounts
Finance

Farm loan waiver, exposure to IL&FS may impact SBI's growth target

The bank's management, on its part, is confident about softening of bad loan or NPA with the recovery of Rs 34,000 crore from eight accounts

NBFC liquidity normalises, fresh bond sales jump 30% in January: Report

Signalling an end to the liquidity crisis that NBFCs have been facing since last September, corporate bond issuances by them have risen by 30 percent in January, reflecting renewed confidence among both issuers as well as investors, says a report. It ca
Finance

NBFC liquidity normalises, fresh bond sales jump 30% in January: Report

Signalling an end to the liquidity crisis that NBFCs have been facing since last September, corporate bond issuances by them have risen by 30 percent in January, reflecting renewed confidence among both issuers as well as investors, says a report. It can be noted that non-banking finance companies or NBFCs are the biggest issuers of debt in the corporate bond market, controlling nearly 90 percent of the volume. With the 30 percent spike in fresh issuances in January, their share has clawed backed to the near normal levels to 82.2 percent of the volume. Shadow bankers depend on the bond market to raise short -term capital for on-lending, and they go to banks for long-term finance. In the previous seven months, amidst the challenging liquidity constraints faced by the sector following the IL&FS bankruptcy, the corporate bond issuances on a monthly basis has seen falling. Fresh corporate bond issuances by NBFCs saw a notable decline from 71.6 percent (of the total ...

YES Bank denies wrongdoing, says disclosure in line with guidelines

On February 14, the private lender had disclosed that the RAR had not found any divergence in asset classification and provisioning for 2017-18
Finance

YES Bank denies wrongdoing, says disclosure in line with guidelines

On February 14, the private lender had disclosed that the RAR had not found any divergence in asset classification and provisioning for 2017-18

NPA woes: India beats Italy to have world's worst non-performing loan ratio

RBI said in December that the ratio for banks fell for the first time since 2015, though it's still 'high for comfort'
Finance

NPA woes: India beats Italy to have world's worst non-performing loan ratio

RBI said in December that the ratio for banks fell for the first time since 2015, though it's still 'high for comfort'

SBI to waive loans of CRPF personnel killed in Pulwama terror attack

The state-owned lender would also expedite payment of insurance amount of Rs 30 lakh each to the families of CRPF personnel killed
Finance

SBI to waive loans of CRPF personnel killed in Pulwama terror attack

The state-owned lender would also expedite payment of insurance amount of Rs 30 lakh each to the families of CRPF personnel killed

NPA woes: India beats Italy to be world's worst non-performing loan ratio

RBI said in December that the ratio for banks fell for the first time since 2015, though it's still 'high for comfort'
Finance

NPA woes: India beats Italy to be world's worst non-performing loan ratio

RBI said in December that the ratio for banks fell for the first time since 2015, though it's still 'high for comfort'

HDFC Bank has no plans to cut down branch expansion to focus on tech: CEO

India is the fastest growing major economy in the world and banking services are yet to reach all the people, Puri added
Finance

HDFC Bank has no plans to cut down branch expansion to focus on tech: CEO

India is the fastest growing major economy in the world and banking services are yet to reach all the people, Puri added

An app may be stealing your bank data, RBI warns digital, UPI users

Digital security concerns have assumed greater importance amid the Modi government's efforts to steer India towards a less-cash, digital economy
Finance

An app may be stealing your bank data, RBI warns digital, UPI users

Digital security concerns have assumed greater importance amid the Modi government's efforts to steer India towards a less-cash, digital economy

RBI Governor to discuss rate cut transmission with bank chiefs on Feb 21

Commenting on mergers in the banking space, Finance Minister Arun Jaitley said India needs fewer and mega banks which are strong
Finance

RBI Governor to discuss rate cut transmission with bank chiefs on Feb 21

Commenting on mergers in the banking space, Finance Minister Arun Jaitley said India needs fewer and mega banks which are strong

First time in FY19, RBI turned net dollar buyer in Dec, bought $607 million

Between April and November 2108, the central bank had net sold $26.51 billion in the spot market against net purchase of $18.017 billion in the same period in 2017
Finance

First time in FY19, RBI turned net dollar buyer in Dec, bought $607 million

Between April and November 2108, the central bank had net sold $26.51 billion in the spot market against net purchase of $18.017 billion in the same period in 2017

IL&FS-led liquidity woes, Aadhaar ban roil NBFCs, micro-lending dips by 15%

The liquidity crisis at NBFCs triggered by the bankruptcy of IL&FS and the Supreme Court verdict banning use of the Aadhaar data for financial transactions have led to a 15 per cent drop in micro-lending by financial institutions for the December 2018 qua
Finance

IL&FS-led liquidity woes, Aadhaar ban roil NBFCs, micro-lending dips by 15%

The liquidity crisis at NBFCs triggered by the bankruptcy of IL&FS and the Supreme Court verdict banning use of the Aadhaar data for financial transactions have led to a 15 per cent drop in micro-lending by financial institutions for the December 2018 quarter. Disbursements stood at Rs 41,840 crore for the third quarter of the current fiscal year, down from Rs 49,450 crore in the preceding three months, show the data from the credit information company Crif High Mark. «There were two major changes during the quarter which may have resulted in the decline. First was the liquidity trouble, which subsided towards the end of the quarter, and the second was the Aadhaar verdict,» agency vice president Parijat Garg told PTI. Garg said the Aadhaar verdict, which prohibits all financial institutions including non-banking finance companies from storing a users data, resulted in a fall in disbursements and also resulted in a marginal fall in the share of NBFC-MFI lenders in ...

How easy credit from shadow banks has begun to haunt Indian realty sector

The regulator for housing-finance firms has allowed an accumulation of illiquid long-term assets with liquid short-term liabilities
Finance

How easy credit from shadow banks has begun to haunt Indian realty sector

The regulator for housing-finance firms has allowed an accumulation of illiquid long-term assets with liquid short-term liabilities

Meet Citi India CEO Pramit Jhaveri, the man who lost RBI confidence

RBI had fined Citigroup's India unit Rs 3 crore for not fully following «fit and proper» criteria for the bank's directors
Finance

Meet Citi India CEO Pramit Jhaveri, the man who lost RBI confidence

RBI had fined Citigroup's India unit Rs 3 crore for not fully following «fit and proper» criteria for the bank's directors

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