BUSINESS
Sunny Deol's Mumbai villa auction: BoB explains technical reasons behind withdrawing notice
According to BoB, the borrower (Sunny Deol) has now approached the bank to settle the dues.
BUSINESS
Bank of Baroda recalls auction notice on Sunny Deol's Juhu bungalow
Earlier, the bank had said it plans to auction Deol's property following default of Rs 56 cr loan.
BUSINESS
Bank of Baroda to auction actor Sunny Deol's Juhu property to recover Rs 56-crore loan
In a notice published in a national newspaper on August 19, 2023, BoB said the villa will be e-auctioned on September 25 due to non-payment of dues.
BUSINESS
Top private banks see highest attrition at junior level in FY23
Additionally, an analysis by Moneycontrol of the overall attrition at top private banks showed it rose in the last three years
BUSINESS
RBI approves PR Seshadri as next MD & CEO of South Indian Bank
Seshadri will serve for a period of three years
BUSINESS
Muthoot Finance to open 114 new branches in next 2-3 months
The NBFC has recorded a profit of 21.6% in the first quarter and has opened 59 new branches during the period.
BUSINESS
Bullish on India: Women entrepreneurship, digital skilling, financial inclusion make India exciting: Mastercard's VP Aurora
The momentum in the Indian economy is attractive to investors, especially with the growth expectations for the country. A major part of that is the movement towards financial inclusion and digital literacy, experts say
BUSINESS
Rs 2,000 note withdrawal: Banks see majority notes from businesses
The Reserve Bank of India said on August 1 that Rs 2,000 banknotes worth Rs 3.14 lakh crore, or 88 percent in circulation, have returned to the banking system, as on July 31.
BUSINESS
Increased income levels in middle classes making us bullish on India, says Indian Bank MD & CEO
This is a good time for the financial sector, including the banks, to grow, says Shanti Lal Jain.
BUSINESS
Exclusive: LIC will continue to hold some stake in IDBI Bank even after the sale, says chairman Siddhartha Mohanty
The government and Life Insurance Corporation, together, hold 94.71 percent stake in the bank.
BUSINESS
MC Interview: Inflation for July-September will cross RBI's projection, says HDFC economist Sakshi Gupta
It is unlikely that the central bank will hike rates in the next few months, Gupta said.
BUSINESS
RBI's I-CRR will not cause any liquidity shortage for banks, say bankers
Governor Das highlighted that the central bank considered the imposition of I-CRR desirable in the interest of financial and price stability and that banks would have enough liquidity to do their lending operations
BUSINESS
Variable rate reverse repo auction will continue, says RBI governor
Das said that today even Rs 93,000 crore of VRRR will get released.
BUSINESS
Resource flow from banks to businesses grows to Rs 7.5 lakh crore
Last year total flow of resources to the commercial sector from banks was at Rs 5.7 lakh crore
BUSINESS
Indian Overseas Bank wants gold business to account for 26% of loans by FY 23-24: MD & CEO Srivastava
The bank’s current gold loan portfolio is Rs 39,000 crore, accounting for 21 percent of loans, says Ajay Kumar Srivastava.
BUSINESS
Interview| Ujjivan Small Finance Bank looking at overall growth of 25% in FY23-24, says MD & CEO, Ittira Davis
Ujjivan Small Finance Bank will apply for a universal bank licence in the next financial year.
BUSINESS
Exclusive | UCO Bank to join CBDC pilot project by September 2023, says MD & CEO Ashwani Kumar
Initially, UCO Bank will join only the retail segment of CBDC initiatives. The bank, Kumar said, is also planning to expand its current and savings account deposits significantly.
BUSINESS
Banks step up lending to aviation; sector seen safe in long term, experts say
Outstanding credit to the aviation sector rose 41 percent on May 19 from a year earlier, according to data from the central bank.
BUSINESS
Interview | Federal Bank’s unsecured retail segments working well: MD
Shyam Srinivasan said the unsecured business, which stands at 3 to 4 percent, may become 10 percent of its business in the next few years.
BUSINESS
Exclusive | Indian Bank aiming for 20% growth in gold loans this year, says MD & CEO SL Jain
Jain said Indian Bank was open to lending to airline companies.
BUSINESS
Indian Bank received Rs 7,000 cr of Rs 2,000 notes till July 26: MD & CEO Jain
Of the Rs 7,000 crore, the bank has received only Rs 560 crore worth of Rs 2,000 notes in exchange.
BUSINESS
Exclusive: Microfinance will always remain a focus area for us, says Utkarsh SFB MD & CEO Govind Singh
Last week, Utkarsh SFB made an impressive debut in the stock market. Analysts attributed the investor confidence to attractive valuations, healthy financials, improving asset quality, and reduced exposure to the unsecured micro-banking segment.
BUSINESS
LIC non-deal roadshows to be regular feature to boost investor confidence: Govt official
LIC has no intention to launch an OFS. Also, there is no rush to attain the minimum public shareholding target, due to the sheer size of the life insurer, said the official
BUSINESS
Interview | TMB expects to finalise non-executive chairman by year end, says MD
In September 2022, the Reserve Bank of India rejected the bank's recommendation to appoint B Vijayadurai as part-time non-executive chairman
