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Interest on passion waiver: Banks get started crediting accounts; FinMin problems further FAQs

New Delhi: Banks have began refunding debtors the compound interest charged on specified mortgage accounts all over the moratorium period. Last week, the Reserve Bank...

Bank of America buyers fall in need of opponents as income forecast missed

Bank of America Corp.’s buyers didn’t grab at the markets boon that lifted rival banks within the 0.33 quarter. Revenue from buying and selling rose...

CAMS IPO opens nowadays: Four the reason why analysts counsel subscribing to it

The preliminary public is offering (IPO) of Computer Age Management Services (CAMS), a technology-driven monetary infrastructure and products and services supplier to mutual finances...

Divesting majority stake in PSBs can be ‘credit score damaging’ for them: Icra

Divesting majority stake in state-run lenders via the federal government can be "credit negative" for such public sector banks (PSBs), a home scores company...

Covid-19: Ind-Ra downgrades Indian banking outlook to destructive for H2FY21

India Ratings and Research (Ind-Ra) these days revised the outlook at the banking sector from “stable” to “negative” for the second one part starting...

Loan Moratorium Policy: Valuable Short-term Solution Depending On Pace Of Economic Recovery

The provision of a moratorium on long-term loans is a measure that the Reserve Bank of India has applied for “easing...

Central Bank of India reduces MCLR by 5 basis points across all tenors

Central Bank of India has diminished its marginal value of funds-based lending charges (MCLR) via five foundation issues (bps) throughout all tenors, efficient from...

Government to infuse Rs 20,000 crore in state-run banks

NEW DELHI: The govt sought parliamentary approval to inject Rs 20,000 crore ($2.72 billion) in state-run banks within the current fiscal year, to lend...

Rs 1.five trillion sanctioned via banks underneath MSME lending scheme thus far

  Almost 3 months down the road since its announcement, banks have sanctioned virtually part of the cash promised underneath the Emergency Credit Line Guarantee...

Extension of moratorium, mortgage re-structuring will also be dangerous for lenders: Icra

Extension of moratorium and one-time restructuring of mortgage may just pose demanding situations to lenders, and likewise have an effect on their monetary steadiness...

Bandhan Bank set to lift Rs 10,500 cr, cut promoter holding

Promoters of Bandhan Bank are set to lift about Rs 10,500 crore via promoting stocks within the secondary marketplace on Monday, translating right into...

RBI’s stress test confirms an ugly pandemic hit on banks

  India’s lenders had introduced down dodgy loans to only 8.5% in their ebook in FY20 from an unpleasant 11.6% in FY18. It turns out...

Axis Bank Q1 benefit down 19% on upper provisions, different source of revenue additionally dips

PPrivate sector lender Axis Bank Ltd on Tuesday reported a 31.29 in line with cent year-on-year drop in receive advantages quicker than tax for...

Economy signs of getting back to normalcy: RBI governor

MUMBAI: RBI governor Shaktikanta Das has stated that the financial system is appearing indicators of having again to normalcy in keeping with the staggered easing of restrictions and that the coverage measures by means of RBI seem to have labored up to now. Despite the easing, the governor stated that...

WFH could ‘Uberise’ some bank jobs

MUMBAI: With banks adopting the work-from-home (WFH) model, there is a possibility that some jobs could go the Uber way with employees deciding which...

Finmin may review capital requirement of PSU banks after second quarter

NEW DELHI : The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity...

India’s banks are in a really perfect typhoon in FY21

  Anything that may cross incorrect will cross incorrect. India’s bankers would do smartly to bear in mind this Murphy’s regulation this yr as their...

In search for capital, insurance subsidiaries come to help banks

MUMBAI: India's lenders are gearing as much as elevate capital as early as they are able to, with the pandemic certain to...

Banking sector mutual funds are offering 21% in one month. Should you invest?

Banking sector funds have shocked buyers within the final one month. The class has introduced 21.38% returns in a single month. It is certainly...

RBI on Banks news: RBI nudges banks to decide if red-flagged accounts are fraud | India Business News – Times of India

MUMBAI: Banks are in a big predicament over a directive from the Reserve Bank of India (RBI) that lenders must make a decision whether...

Financials’ influence on Nifty sees big erosion

Mumbai: The stock market selloff has weakened the affect of banks and financials in India’s benchmark index Nifty. The monetary sector, which has ruled the...

No merit in ‘charging interest on interest’ for deferred payments during moratorium: Supreme Court – Times of India

The Supreme Court of India (File photograph)NEW DELHI: The Supreme Court Wednesday stated there may be "no merit in charging interest

Banks to turn cautious on retail loans due to COVID impact: Report

MUMBAI: The COVID-19 disaster gifts a suite of conundrums for lenders in India on retail loans, in which in spite of being flush with...

Companies struggling to survive right now may give the best returns: Jhunjhunwala

I do not think the NPAs will be as high as what people are anticipating, says Rakesh Jhunjhunwala, Partner, Rare Enterprises. You are exactly sounding...

There is going to be a significant capital requirement in Indian banking sector: Uday Kotak

Companies should go out and raise capital and not be nickel-and-dime on the price, says MD, Kotak Mahindra Bank. India is hot when it comes...

View: How to pay depositors when borrowers don’t?

Mumbai: Nationalisation of banks was a turning point in the history of Indian banking. Half a century later, we are awaiting the next one. It's...

Indian stock market seen rangebound Friday; RIL, SBI shares to be in focus

Asian stocks were flat on Friday after a mixed Wall Street session and as investors await key US jobs data while sustained hopes about...

SBI weighs $1.5 billion fundraise via bonds

MUMBAI : Directors of State Bank of India (SBI), the...

Companies with loan recast seek moratorium from banks

MUMBAI: Small and mid-size companies that already had relaxed repayment terms under a 2019 central bank restructuring order have approached the authorities to avail...

Companies with loan recast seek moratorium from banks

MUMBAI: Small and mid-size companies that already had relaxed repayment terms under a 2019 central bank restructuring order have approached the authorities to avail...

Most Read

Interest on passion waiver: Banks get started crediting accounts; FinMin problems further FAQs

New Delhi: Banks have began refunding debtors the compound interest charged on specified mortgage accounts all over the moratorium period. Last week, the Reserve Bank...

Paliganj Election Final Result 2020 Declared: CPI-ML’s Sandeep Saurav defeats JD(U)’s Bachcha Yadav in wonder win

  CPIML's Sandeep Saurav won a complete of 67,917 (43.73 %) votes towards JD(U)s Bachcha Yadav's 37,002 (23.83 %) votes. The latter had gained the...

Google to release subscription-based VPN services and products; rollout in the USA quickly

(Reuters) - Alphabet Inc's Google mentioned on Thursday it plans to release a VPN provider for customers, which might be to be had with...

Tamil Nadu tops Indian states in new investments in H1FY21: CARE Ratings

Tamil Nadu leads Indian states in attracting investments all through the primary part of FY21, having controlled to take hold of 16 p.c of...