The urban poor need a one-stop shop which absorbs savings and provides risk insurance. Organised finance fails in this respect Much has been said and
Category: RBI–Banks
The burden of education loan | Business Standard News–24.07.2017
With the cost of education rising, more students seem to prefer education loans. But, many are finding themselves without jobs, even after paying for expensive
NPAs: Balance sheet clean-up RBI’s top priority: Deputy Governor Viral Acharya–Economic Times–23.07.2017
Cleaning of banks’ balance sheet is the “No. 1 priority” for RBI, said deputy governor Viral Acharya on the sidelines of the Delhi Economics Conclave.
Digital Lending Apps: In need of small-value Loan? Simply click on digital lending apps–Economic Times–23.07.2017
When Mumbai-based professionals Pratibha and Neha, both in their late twenties, decided to make their dream of spending an extended weekend in Thailand a reality,
Vijaya Bank Q1 net jumps over 57% to Rs 255 crore – The Financial Express–23.07.2017
The public sector bank had registered a net profit of Rs 161.66 crore in the corresponding April-June quarter of 2016- 17 fiscal. (PTI) Vijaya Bank
Hunting for value in PSU banks | Business Line–23.07.2017
The core performance of public sector banks has been dismal. But if investors look deeper, there’s treasure to be found in their non-core investments. The
Cleaning of banks’ balance sheet top priority: Acharya | Business Line–23.07.2017
Banks are saddled with non-performing assets (NPAs) of over Rs. 7 lakh crore. According to the government, NPAs have reached unacceptably high levels and need
DHFL profit up 29% to Rs 260 cr in June quarter on lending push | Business Standard News–22.07.2017
Mortgage lender DHFL on Friday reported a 29 per cent rise in net profit at Rs 260 crore for the first quarter ended June on
Worst over, funding crunch eases for start-ups | Business Standard News–22.07.2017
Fundraising scenario could be easing for start-ups. If you leave out the year 2015, which was an aberration, fundraising could be returning to levels seen
Indian Bank trims NPA to 4.05%; Q1 profit up 21% | Business Line–22.07.2017
Indian Bank has reined in its net NPA during the first quarter of FY18. For the quarter ended June 30, net NPA was lower at
IFCI must strengthen credit appraisal mechanism | Business Line–22.07.2017
The company is not adhering to its own General Lending Policy The Comptroller & Auditor General of India (CAG) has called for strengthening of the
Karnataka Bank targets Rs 2,500-cr export credit this fiscal | Business Line–22.07.2017
Karnataka Bank Ltd is aiming to achieve an export credit target of ₹2,500 crore during the current financial year. Delivering keynote address at the forex
What does limited liability mean here?–Economic Times–21.07.2017
A bankruptcy court has reportedly ruled that a promoter cannot escape liquidation of her personal assets by simply filing for bankruptcy. Going after the personal
Now, ICICI customers can get up to Rs 15 lakh as personal loans at ATMs | Business Standard News–21.07.2017
Largest private sector lender ICICI Bank will be selling personal loans of up to Rs 15 lakh through its ATMs that can be availed of
Kotak Mahindra Bank Q1 consolidated profit up by 26% at Rs 1,347 crore | Business Standard News–21.07.2017
Private sector lender Kotak Mahindra Bank posted a 26 per cent rise in consolidated net profit for the quarter ended June 2017 (Q1), at Rs
RBL Bank net profit up 45% to Rs 141 crore in June quarter | Business Standard News–21.07.2017
RBL Bank MD & CEO Vishwavir Ahuja Private lender, RBL Bank reported a net profit of Rs 141 crore for the June qaurter. This rise
What does limited liability mean here?–Economic Times–20.07.2017
A bankruptcy court has reportedly ruled that a promoter cannot escape liquidation of her personal assets by simply filing for bankruptcy. Going after the personal
Bad loans crisis: In shocking revelation, banks may take Rs 2.4 lakh crore haircut just to resolve 50 top NPA accounts – The Financial Express–20.07.2017
The report said the economic value method has been applied to arrive at the sustainable level of debt. Banks may have to take a haircut
[ IBC Law ] More steel to lenders | Business Line
The Gujarat High Court verdict in the Essar Steel case sanctifies the IBC process and strengthens the hands of lenders Counter-intuitive as it might
Canara Bank Q1 profit up 10% | Business Line–20.07.2017
Aided by lower deposit costs, improvement in interest & non-interest incomes Reduction in cost of deposits and improvement in net interest income and non-interest income
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