Federal Bank To Buy Additional 4 Per Cent Stake In IDBI Federal Life Insurance
Will buy additional stake for over Rs 80 crore Read more
Private Banks: Now, RBI Can Frame Reconstruction Scheme Without Putting Moratorium In Public Domain
Call this a fallout of the recent YES Bank debacle and its subsequent rescue episode. The Centre has now decided to empo... Read more
RBI Guidelines On Digital Lending To Help Borrowers
RBI directs banks, NBFCs and digital lending platforms to adhere to the Fair Practices Code in letter and spirit Read more
Relief For Depositors: Ordinance Brings Cooperative Banks Under RBI Supervision
Cabinet also approves 2% subvention for ‘Shishu’ mudra loans Read more
Tamilnad Mercantile Bank Reports 58% Rise In Net Profit
Focus on CASA growth will continue: MD and CEO KV Rama Moorthy Read more
GIC Q4 Net Profit Surges To ₹1,197 Crore
State-run GIC Re saw its net profit nearly double to ₹1,197.41 crore in the fourth quarter of 2019-20 as against ₹60... Read more
Canara Bank Q4 Loss Widens To ₹3,208.31 Cr On Heavy Provisioning
Canara Bank’s loss on consolidated basis in the fourth quarter (FY20) widened to ₹3,208.31 crore due to provision fo... Read more
Karur Vysya Banks Q4 Net Up 40%
Karur Vysya Bank has reported a 40 per cent increase in its net profit for the quarter ended March 2020, up from ₹60 c... Read more
HDFC Bank Well Placed To Ride Out Covid-19 Storm: Aditya Puri
Aditya Puri, MD and CEO of HDFC Bank, believes the lender is well placed to ride out the Covid-19 storm and will continu... Read more
Navi Launches Lending App For Instant Personal Loans
Sachin Bansal co-founded Navi has launched Navi Lending App for instant personal loans up to ₹5 lakh. “Aimed at Indi... Read more
Aye Finance Raises ₹210 Crore In Series E Round Led By CapitalG
Aye Finance, an MSME sector lender, has raised ₹210 crore in Series E funding led by CapitalG, Alphabet’s independen... Read more
Outsourcing Of Financial Services: RBI Raises Concerns Over Non-transparency In Digital Transactions
The Reserve Bank of India (RBI) has raised concerns regarding non-transparency in transactions and violation of extant g... Read more
Ability Of DHFL To Remain A Going Concern Depends On Outcome Of Resolution Process: Auditor
The ability of troubled Dewan Housing Finance Corporation (DHFL) to remain a ‘going concern’ will depend on the reso... Read more
Extended Suspension Of IBC May Lead To Riskier Behaviour Among Firms: Study
Even as the Centre has temporarily suspended the Insolvency and Bankruptcy Code (IBC) due to the current economic crisis... Read more
DHFL Auditor Reports Fair Value Loss Of ₹18,853 Cr, Mismatch Of ₹3,018 Cr, ICD Dues Of ₹3,786.24 Cr
According to the recent auditing report of Dewan House Finance Corporation (DHFL), a company which is under a moratorium... Read more