Corpus Fund For Insolvency Resolution Cannot Be Attached By Any Authority
The corpus fund arranged by the Committee of Creditors under the National Company Law Tribunal’s (NCLT) directions tow... Read more
RBI To Create Regulatory Cadre To Monitor Banks
The board of directors of the Reserve Bank of India (RBI) has decided to create a specialised supervisory and regulatory... Read more
How IOB Notched Up Record Profit
Indian Overseas Bank (IOB) recorded the highest gross profit of ₹5,034 crore in FY2018-19 as the result of various i... Read more
Homeowners, Small Businesses Can Look Forward To Cheaper Insurance Cover Soon
IRDAI panel moots changes in view of recent losses due to natural calamities Read more
Muthoot Finance Eyes Rs 750-1,000 Crore Disbursement In Salaried Personal Loans In Next One Year
Also launches‘salaried personal loans’ product in NCR through its 282 branches and other channel partners Read more
Arthur J. Gallagher To Acquire Minority Stake In Edelweiss Insurance Brokers
Arthur J. Gallagher & Co (AJG), a global insurance brokerage and risk management services firm, will acquire a minor... Read more
SEBI, IRDAI Set Up Regulatory Sandbox For Fintech Innovations
After the Reserve Bank of India released a draft framework for setting up a regulatory sandbox (RS) for fintech players ... Read more
Sundaram Home To Raise Over Rs 4,000 Cr In FY20, Posts Rs 145 Cr Net In FY19
Sundaram BNP Paribas Home Finance plans to raise more than Rs 4,000 crore during this fiscal to support its growth plans... Read more
Got A ₹2.5 Note? It Could Fetch You ₹5 Lakh
Collectors of vintage currencies, rare legal tender are hitting pay dirt Read more
After Crisil, ICRA Cuts Rating Of DHFLs ₹850-crore CP
A day after Crisil Ratings downgraded commercial paper worth ₹850 crore of housing finance company Dewan Housing Fina... Read more
UCO Banks Q4 Loss Shrinks To ₹1,552 Cr
UCO Bank is hopeful of turning profitable and coming out of the RBI’s Prompt Corrective Action (PCA) framework by the ... Read more
Union Bank Loss Widens To ₹3,369 Cr
Weighed down by huge loan-loss provisions, Union Bank of India’s net loss widened to ₹3,369 crore in the fourth quar... Read more
As IBC Pressure Mounts, Borrowers Hasten To Pay Up
This has led to slower accretion of NPAs in the banking system, says Crisil Ratings Read more
United Bank Of India To Consider All Options To Step Up Recovery
Aims to recover up to ₹5,000 crore in FY20 Read more
Indian Bank Posts Q4 Loss Of ₹190 Cr
Indian Bank posted a net loss of ₹190 crore for the fourth quarter of financial year 2018-19, against a net profit o... Read more