Mar 24, 2017 at 16:00 | Source: Housing.com/news
Non-banking finance company Altico Capital, on March 23, 2017, said that it will provide a credit line of upto Rs 300 crores to realty player Phoenix Group. “The funding, which shall be made in R
Mar 08, 2017 at 12:00 | Source: PTI
"The board of directors of the bank has approved, subject to statutory and regulatory approvals as may be necessary, increase in ceiling limit for investment by FIIs/sub-accounts of FIIs, FPIs, QFIs, NRIs and PIOs in the equity share capital of the bank, from 40 percent to 42 percent," Kotak Mahindra Bank said in a BSE filing.
Mar 08, 2017 at 11:06 | Source: Moneycontrol.com
If you do not maintain monthly average balance (MAB) in your savings account then be ready to pay hefty fines that could go up to Rs 600.
Mar 08, 2017 at 09:20 | Source: PTI
Attacking Prime Minister Narendra Modi for his cashless push to the economy post-demonetisation, AICC chief spokesperson Randeep Surjewala said the true mask of Digital India is coming off as government is not intervening to stop banks from imposing heavy charges on use of ATMs and debit and credit cards.
Mar 07, 2017 at 10:29 | Source: Moneycontrol.com
Banks have their reservations as well. With housing prices going up constantly and banks having a good deal of NPAs, lenders also evaluate the property and the borrowers profile before handing out loans.
Mar 07, 2017 at 10:08 | Source: Moneycontrol.com
Kotak Institutional Equities cautioned the street of higher-than-expected stress in Bharat Financial's portfolio. It has retained reduce call with a target price of Rs 730.
Mar 07, 2017 at 09:27 | Source: Moneycontrol.com
Cite appropriate valuations along with aid to scaling up healthcare vertical as reasons for their thumbs up. Simultaneously, Credit Suisse also feels this will be earnings neutral or be very slightly accretive.
Mar 06, 2017 at 19:00 | Source: PTI
Andhra Pradesh Chief Minister N Chandrababu Naidu today found fault with banks for seeking to enforce new norms with regard to minimum balance in personal accounts and levy of charges on multiple transactions.
Mar 06, 2017 at 18:46 | Source: PTI
State Bank of India has decided to increase manifold the minimum balance required for maintaining savings account from April 1, hitting 31 crore depositors including pensioners and students.
Mar 06, 2017 at 10:33 | Source: Moneycontrol.com
Sale of stressed assets has fallen sharply in FY17, despite improved recognition by banks. Vinayak Bahuguna, CEO of ARCIL, the countrys largest asset reconstruction company, in an exclusive interview with Malini Bhupta explains why banks are not willing to sell down their stressed assets and what can be done.