RBI allows Sidbi to use an existing Rs 1000-crore corpus for lending to MFIs

Sidbi is providing fund to Cashfor at 8% rate while it on lends at 16.98%. SKDRDP is getting fund at 5% and on lending to micro borrowers at 15.4%.

from Banking/Finance-Industry-Economic Times http://bit.ly/2SnqN9r

Governor Shaktikanta Das meets private sector bankers

Following default by Infrastructure Leasing & Financial Services (IL&FS) in September, liquidity situation in the system became too tight.

from Banking/Finance-Industry-Economic Times http://bit.ly/2CA9Q6m

RBI Governor Shaktikanta Das meets private banks' chiefs, discusses liquidity woes

RBI Governor Shaktikanta Das meets private banks' chiefs, discusses liquidity woes

from Finance - ET NOW - Economic Times http://bit.ly/2AgXwqa

Inspection of six companies linked to ICICI Bank controversy at 'advanced stage'

There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and her family members in a loan provided to Videocon Group on a quid pro quo basis.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Lzytmz

Public sector banks recovery against non-performing assets doubles this year

The finance ministry said following amendments to the Banking Regulation Act, the Reserve Bank of India directed banks to initiate insolvency proceedings.

from Banking/Finance-Industry-Economic Times http://bit.ly/2QP1O22

IL&FS names retired IAS officer Bijay Kumar as deputy MD

The company has also appointed N Srinivasan as a non-executive director of the company.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Skneks

Former RBI Governor Bimal Jalan to head Economic Capital Framework committee

Expert committee on economic capital framework will have to give its report within 90 days from its first meeting.

from Banking/Finance-Industry-Economic Times http://bit.ly/2QTmTsc

To check fraud, CVC starts examining audit reports of state-run banks, insurance companies

Chief vigilance officers act as a distant arm of the CVC to check corruption and other fraudulent activities in an organisation.

from Banking/Finance-Industry-Economic Times http://bit.ly/2T97h0r

Banking services impacted Wednesday due to strike

According to AIBEA General Secretary C H Vekatachalam, the strike is effective across the country and employees are fighting for a right cause.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Rf2fSN

Year of Exits: Borrowers left as loans went kaput; CEOs forced to leave and RBI chief quits too

First, loans went kaput and borrowers left the country after defaulting on payments or committing frauds, then high-profile bankers were forced to leave and even the top central banker quit in the end

from Banking/Finance-Industry-Economic Times http://bit.ly/2EPXSrs

Bank strike today: Here's all you need to know

The nation-wide strike would impact banking services like deposits and withdrawal at branches, cheque clearances and issuance of demand drafts, among others.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ENog4l

Default rate in small loans lowest: Study

In the absence of demand from large corporate borrowers and also concerns of the assets turning bad, lenders have banked on retail loans to boost growth.

from Banking/Finance-Industry-Economic Times http://bit.ly/2EPyO46

From IL&FS to PSB mergers, the year gone by for India Inc

Valuations of NBFCs and housing finance companies corrected and price to book halved in the last quarter of the calendar year. S

from Banking/Finance-Industry-Economic Times http://bit.ly/2EOgMyX