LIC's housing finance subsidiary sanctions Rs 600 crore to five developers
At a time when most banks and nbon-bank lenders shy away from the real estate sector, the housing finance subsidiary of Life Insurance Corpo...Read More
Showing posts with label Banking/Finance-Industry-Economic Times. Show all posts
Showing posts with label Banking/Finance-Industry-Economic Times. Show all posts
SBI seeks clarity on CFO qualifications
Currently, a deputy managing director holds interim charge of the position as SBI’s earlier full-time CFO, Prashant Kumar, was sent to Yes B...Read More
RBI may raise promoter holding cap in private banks
The move to balance ownership and control comes as some private sector banks have sought a relaxation in licensing norms, citing the regulat...Read More
Axis Bank to acquire 30% of Max Life for ₹1,600 crore
India’s fourth-largest private sector bank will become a strategic partner of the life insurance firm, in which Max Financial will eventuall...Read More
RBI raises short-term borrowing limit for states and UTs by 30%
States’ short-term borrowing limits have been increased by as much as 30% as they face pressure on revenues with economic activity coming to...Read More
NBFCs want banks to pass on moratorium benefits
Non-bank lenders, concerned about the ‘discretion’ banks would enjoy on demanding repayments through a three-month grace period, plan to app...Read More
Union Bank: As a merged entity, we can face this lockdown better
Union Bank of India will become the fifth largest state-run bank after Andhra Bank and Corporation Bank merge with it on April 1. Six banks ...Read More
Maha Govt tells depts, civic bodies not to park money in private banks
The RBI restrictions on Yes Bank could seen private banks in the state facing some rough weather as the Maharashtra government has issued a...Read More
Former Yes Bank CEO Ravneet Gill joins ED probe against Kapoor
Former Yes Bank chief executive Ravneet Gill on Monday joined the Enforcement Directorate (ED) probe into a money laundering case against th...Read More
Yes Bank loans to NBFCs, Ent, Realty cos under the scanner
A number of loans granted to stressed nonbanking financial companies (NBFCs) by Yes Bank have come under the scanner of investigative agenc...Read More
Mission to save Yes Bank: SBI to submit rescue plan to RBI in a week
The proposal may entail Rs 6,000 crore investment for 26% stake and a similar amount to be invested by a group of global investors. The RBI ...Read More
Banks, PEs and NBFCs line up for DHFL's retail book
The Shriram Group, Edelweiss Financial Services, Adani Capital, a consortium led by the Piramal Group-Bain Capital and Indostar Capital are ...Read More
Bank panels to monitor probe progress
Finance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘thre...Read More
Extend deadline for inter-creditor pacts: Banks to RBI
Banks are willing to make the additional 20% provision that breaching the deadline entails but want the window of resolution open until the ...Read More
Banks continue to remain wary of lending to NBFCs
Banks undertake purchase of retail pools under the securitization mode to meet their priority sector and retail lending requirements. As per...Read More
Stakeholders believe, MDR waiver may hurt digital India
Finance Minister Nirmala Sitharaman on Saturday said that the zero MDR regime would kick in once the Department of Revenue issued a gazette ...Read More
Bank auditors have to be more vigilant
Under the new framework, statutory auditors, in verifying whether an NPA has been correctly identified by the bank, should not confine to th...Read More
Banks can’t claim tax relief on FD insurance
The indirect tax department has asked banks to reverse input tax credit claimed on insurance paid to Deposit Insurance and Credit Guarantee ...Read More
After forensic audit report, mutual funds plan to go after DHFL promoters
These institutional lenders want Wadhawans, the promoter group, to arrange funds in the light of the findings of the forensic audit conducte...Read More
SoftBank's Paytm top-up to come with riders
SoftBank Vision Fund (SVF), an existing investor in Paytm, is learnt to have stipulated that the company should go public within five years ...Read More
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