Tells Bombay HC that RBI never spoke to promoters on reducing holding in past 16 years.from Banking/Finance-Industry-Economic Times http://bit.ly/2Wcdt93
Monday, June 3, 2019
Refusing to back off, Uday Kotak says his bank meets ownership norms
Tells Bombay HC that RBI never spoke to promoters on reducing holding in past 16 years.from Banking/Finance-Industry-Economic Times http://bit.ly/2Wcdt93
SFIO alleges IL&FS's subsidiary forged documents for loans
Lenders had told the SFIO that they had given loans to IL&FS Financial Services (IFIN) on the basis of its credit ratings and financial statements.from Banking/Finance-Industry-Economic Times http://bit.ly/2wK8iDb
Refusing to back off, Uday Kotak says his bank meets ownership norms
Tells Bombay HC that RBI never spoke to promoters on reducing holding in past 16 years.from Banking/Finance-Industry-Economic Times http://bit.ly/2If3fjj
RBI had asked IFIN to clean up its books by 2019
Raised objection over loans to group cos in 2017 review, sought corrective action.from Banking/Finance-Industry-Economic Times http://bit.ly/2Ko36g9
RBI exempts state-run firms from bank's large exposure rules
RBI said the move is in line with international norms and will capture exposures and concentration risk more accurately.from Banking/Finance-Industry-Economic Times http://bit.ly/2WBXbus
RBI modifies large exposures framework for bank
The modified 'Large Exposures Framework' (LEF) provides exclusion of entities connected with the sovereign from definition of group of connected counter-parties.from Banking/Finance-Industry-Economic Times http://bit.ly/2Iinpc1
Fitch downgrades ICICI Bank rating by a notch as financial health weakens
The rating action comes amid the challenges the bank faces in its operating environment, Fitch Ratings said in a statement.from Banking/Finance-Industry-Economic Times http://bit.ly/2Z2tRL3
Microfinance industry posts 38 per cent growth in 2018-19
The total number of microfinance accounts was 9.33 crore at the end of March 2019, showing a growth of 21.9 per cent, said Microfinance Institutions Network .from Banking/Finance-Industry-Economic Times http://bit.ly/2Kk8BfK
RBI approves appointment of Rakesh Makhija as chairman of Axis Bank
The board of the bank in March had approved the appointment of Makhija as chairman subject to RBI clearance.from Banking/Finance-Industry-Economic Times http://bit.ly/2XmTi9V
Sunday, June 2, 2019
Loans to finance companies grew fastest in FY19
The surge in bank lending to NBFCs explains the RBI’s tightening of prudential norms last month.from Banking/Finance-Industry-Economic Times http://bit.ly/2MqSH67
Lakshmi Vilas Bank looks to raise Rs 1,000 crore if merger deal goes awry
Talks with investors on as bank readies strategy if merger with Indiabulls fails or RBI delays approvals.from Banking/Finance-Industry-Economic Times http://bit.ly/2Z3r1W5
SFIO says RBI could've acted faster on IL&FS
Agency's chargesheet suggests regulator should conduct internal inquiry & take 'appropriate action'.from Banking/Finance-Industry-Economic Times http://bit.ly/2KkDNvu
Top management, auditors and independent directors: SFIO identifies 'coterie' that defrauded IL&FS
This is just a tip of the iceberg and total defaults have an estimated amount of over Rs 90,000 crore.from Banking/Finance-Industry-Economic Times http://bit.ly/2I9zPmE
Subscribe to:
Posts (Atom)