Kisan

Sunday, August 4, 2019

We can’t be too liberal; in these times it can’t be business as usual: Rajnish Kumar, SBI chairman

The first half is always slow but this year particularly consumption credit, which was driving the credit growth of all banks, has taken a hit, the SBI chairman said.

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CBI unlikely to charge PNB executives with smaller fraud

Wants to avoid giving Ananthasubramanian, others double jeopardy defence in PNB case.

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At 7.3%, retail loan growth slips to 5-year low in first half of 2019

The slowing growth in retail loans comes despite 75 bps of repo rate cut in three consecutive monetary policies.

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CASA accounts see a sharp drop as savers chase higher rates

Bankers said the drop in CASA also points to lower consumption demand as people prefer saving for the future instead of spending now.

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Saturday, August 3, 2019

No exposure to any Cafe Coffee Day group companies, says Tata Capital Financial Services

According to TCFS, it had a maximum exposure of Rs 165 crore to Café Coffee Day (CCD) group in FY2017-18, and that the entire amount had been repaid by March 2019.

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How a shadow banking crisis sent India's autos sector into a tailspin

Non-banking finance companies (NBFCs) have dramatically slashed lending following the collapse of one of the biggest, IL&FS, in late 2018.

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'NHB's liquidity infusion no balm for small HFCs'

Union Finance Ministry on Friday said the National Housing Bank (NHB) was infusing an additional Rs 10,000 crore in NBFCs with a view to improve flow of funds for housing loans.

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RBI imposes Rs 50 lakh fine on SBI

The RBI in exercise of the powers conferred under various sections of the Banking Regulations Act has imposed this penalty on SBI.

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Bandhan Bank to add 187 branches in FY20

The private lender would also open 340 doorstep service centres by 2019-20, MD and CEO Chandra Sekhar Ghosh said.

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Indian bankers worry DSP's legal action will delay rescue of DHFL: Sources

DSP Mutual Fund said on Friday it had initiated legal action against DHFL after it failed to pay 50% of the 1.5 billion rupees it owed to the asset management firm.

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