RBI Imposes Monetary Penalty On Seven Banks
The Reserve Bank of India has imposed a monetary penalty of ₹1.50 crore each on Allahabad Bank, Bank of Maharashtra an... Read more
NBFC Crisis Roils Corporate Bond Sales, Dips 13% To ₹4 Lakh Cr Till December
Witnesses higher cost of borrowings post-August 2018 across all the rating categories Read more
Govt Introduces IFSC Bill In Rajya Sabha
It provides business and regulatory environment that is comparable to other leading international financial centres like... Read more
Q3 Results: Reliance Home Finance Net Up 37 Per Cent
The company’s assets under management moved up by 24 per cent to Rs 18,288 crore Read more
Kerala Financial Corp To Go Fully Digital From April 1, 2019
Payments can be carried out either online or through virtual accounts from the new financial year. Read more
Reliance General Insurance Files For IPO
Reliance General Insurance Co Ltd has filed for an initial public offering (IPO) consisting of a fresh issue of shares w... Read more
Rupee Gains On Weak Oil; Near-term Outlook Positive
Gurumurthy KThe Indian rupee, which was threatening to fall below 72 against the US dollar, made a sharp recovery in the... Read more
SUUTI Plans To Sell 3% In Axis Bank For ₹5,300 Crore
Floor price for offer fixed at ₹689.52/share Read more
Dena Bank Aims To Reduce Bad Loans To High Four Digits By March-end: CEO
Lender launches Mission Dena 9999 to bring down non-performing assets; will focus on recovery in written-off accounts Read more
IRDAI Panel Recommends Regulatory Sandbox For Tech-based Innovations
Companies allowed to test products for up to 12 months in five categories Read more
PNB Back In Black, Posts ₹247-crore Profit In Q3
Aggressive recoveries, NPA reduction drive unexpected rebound Read more
Dhanlaxmi Bank Set To Focus On NPA Reduction, Says CEO
When T Latha, the MD and CEO of Dhanlaxmi Bank, took over the reins of the crisis-ridden bank in July 2018, she had som... Read more
Banks Liable For Unauthorised Withdrawals From Customer Accounts: Kerala High Court
The Kerala High Court has held that banks cannot be exonerated from liability for loss caused to a customer on account ... Read more
United Bank Posts ₹1,139-cr Loss
For the quarter ended December 31, 2018, United Bank of India’s net loss widened to ₹1,139 crore, compared to a net ... Read more
IDFC First Bank Posts Loss Of ₹1,538 Cr In Q3
The newly-merged entity, IDFC First Bank, has reported a net loss of ₹1,538 crore for the third quarter of the fiscal ... Read more