BUSINESS
How Indostar Capital’s share prices went into a free fall
On August 5, Indostar Capital reported its highest ever quarterly net loss for the quarter ended March at Rs 767.2 crore.
BUSINESS
India’s Cooperative Bank Mess Part-5: Life savings at stake, Pune’s Shivajirao Bhosale Sahakari Bank depositors question RBI, government
The RBI first issued directions to the cooperative bank on May 3, 2019, freezing deposit withdrawals at Rs 1,000 per account holder
BUSINESS
RBI fresh circular on recovery agents largely a reiteration, unlikely to resolve customer complaints, experts say
Overall complaints relating to credit cards, failure to meet commitments, and Direct Selling Agents (DSAs) and recovery agents increased during July 1, 2020 to March 31, 2021 as against the previous year, with complaints related to DSAs and recovery agents surging 61%, the RBI said.
BUSINESS
NBFCs return to bank loans as main funding source as credit demand revives
Banks’ outstanding credit to the NBFC sector increased 21 percent year-on-year to Rs 11.01 lakh crore as on June 17.
MCMINIS
What are electoral bonds?
BUSINESS
India’s cooperative mess | Why issue license to UCBs if you can’t repay depositors on time, PMC Bank depositors ask
While the Deposit Insurance and Credit Guarantee Corporation (DICGC) cover has helped a majority of depositors, others with deposits above Rs 5 lakh are still waiting to get their money back.
BUSINESS
'Quite okay' with lowering stake in Yes Bank to 26% by March 2023, says SBI chairman
As bond yields soften, SBI will recover most of the mark-to-market losses made in Q1, Dinesh Kumar Khara said
BUSINESS
RBI Monetary Policy | Bankers predict up to 50 bps hike in lending rates after repo rate reaches 5.4%
A 50 bps rate hike may seem hawkish, but it was required to control inflation, South Indian Bank MD & CEO Murali Ramakrishnan said
BUSINESS
No successful data breach yet, but tighter third-parties checks must for preventing privacy breach, HDFC Bank CISO says
More awareness among customers and employees essential to prevent data leakage, the CISO said
BUSINESS
Yes Bank open to acquiring microfinance entity as $1.1 billion fundraise gains pace, MD says
The private lender aims for conscious growth this fiscal and is open for acquisitions
BUSINESS
India’s top 25 wilful defaulters owe about Rs 59,000 crore to banks, says Centre
Mehul Choksi promoted Gitanjali Gems Ltd is the top wilful defaulter with Rs 7,110 crore in dues
BUSINESS
Asset quality to improve going ahead: M&M Finance MD Ramesh Iyer
Possible to maintain 94 percent-95 percent collection efficiency this fiscal, the MD said
BUSINESS
Cost pressure keeps big NBFCs away from launching credit cards despite RBI provision
Leading NBFCs continue to focus on conventional lending products such as consumer durable finance and personal loans, experts say
BUSINESS
Interview: PSU banks out of the woods; IndiaFirst Life Insurance IPO likely by March, says Union Bank MD
Bank is in talks with premier institutes to extend education loans and wants to double disbursements under this head from Rs 7,000 crore currently, the MD said
BUSINESS
Centre says 27 cooperative banks were liquidated in past five years, 42 merged
Ten cooperative banks were closed due to liquidation in FY22, double the number in FY21
MCMINIS
What is the CASA ratio?
BUSINESS
Shriram Group may sell minor stake in housing finance arm in next fiscal, says Shriram City Union Finance MD
As on June 30, Shriram Housing Finance’s AUM stood at Rs 5,803 crore
BUSINESS
Fino Payments Bank approves re-appointment of Rishi Gupta as MD & CEO for 3 years
Board also approves the appointment of Rakesh Bhartia as independent director for five years
BUSINESS
MC Exclusive | Shriram Group receives IRDAI approval for merger
The merged entity would have a combined AUM of over Rs 1,50,000 crore, over two crore customers served till date and a distribution network of over 3,500 branches
BUSINESS
This is how much RBI governor and his deputies earn
What is the monthly salary of RBI governor Shakitkanta Das and his deputies? Read on to find out.
BUSINESS
Union Bank CEO says aiming for Rs 15,000 crore of recoveries in FY23
The state-led bank on July 26 reported its net profit for the quarter ended June at Rs 1,558 crore, up 32 percent on a year-on-year (YoY) basis and 8.2 percent on quarter, backed by lower provisions and stable asset growth.
BUSINESS
Micro loan collections back at pre-Covid level; net NPAs may improve from 1.92 percent, says Bandhan Bank MD
Chandra Shekhar Ghosh said that 99 percent of the total microfinance loans disbursed by Bandhan Bank since June end last fiscal were being repaid on time
BUSINESS
Will raise up to Rs 7,000 crore more this fiscal; credit card subsidiary launch likely by Q3, says Canara Bank MD
The bank will continue reporting a “decent” double-digit growth, with a focus across retail, MSME and corporate loans, managing director and chief executive officer LV Prabhakar has said
BUSINESS
Received two EoIs for Rs 48,000 stressed loan pool auction: Prashant Kumar, YES Bank MD
YES Bank Board had on July 15 approved US based JC Flowers Asset Reconstruction Company's bid to be considered the base bid for the proposed sale of stressed assets via Swiss challenge auction.
