PNB, Allahabad Bank launch loan products linked to repo rate

Punjab National Bank launched PNB Advantage, a retail lending scheme linked with the repo rate effective Tuesday.

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Bain Capital to enter credit business in India, hires director

Bain Capital Credit is a leading global credit specialist with $41 billion in assets under management.

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SBI, PNB, Bank of Baroda under ED scrutiny in Ratul Puri bank fraud case

Puri, nephew of Madhya Pradesh chief minister Kamal Nath, was arrested by the agency on August 20 while he was undergoing questioning in the AgustaWestland case.

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Surge in ATM frauds could lead to 6-12 hour gap between cash withdrawals

During 2018-19, 179 ATM fraud cases were reported in Delhi.

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Deutsche Bank, reeling from global job cuts, is hiring in India

The ambitions for India reflect Deutsche Bank’s wider focus on retail banking and wealth management.

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Bank of Baroda to buy around Rs 6,000 crore of securitised NBFC loans in Q2

The lender had already bought around Rs 3,500 crore loans from NBFCs in the June quarter.

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DHFL appoints KK Mankeshwar & Co as new auditor

As per a BSE filing, the appointment of the new auditor comes into effect from August 26.

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Simpler KYC may not make life easier for NBFCs

Govt's move on customer onboarding through Aadhaar may not bring down costs on physical verification for shadow banks.

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Bank of Maharashtra to link retail loans with repo rate

The inter-bank meeting, held under the aegis of the State Level Bankers' Committee (SLBC), was organised by BoM, convenor, SLBC, Maharashtra State.

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CVC sets up panel to examine bank fraud above Rs 50 cr

The panel in its previous avatar called the Advisory Board on Bank, Commercial and Financial Frauds.

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How Flipkart's PhonePe plans to become a major financial services player

PhonePe is in talks to raise $1 billion, giving it a valuation of $7-8 billion.

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There is no rescission in the country, just decline in demand in certain sectors: Rajnish Kumar

Kumar said that it is not a recession, there is in certain sector there is decline in demand particularly in auto sector.

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Banks suggest easier loan rules for farmers

PSU banks may allow farmers to borrow afresh before clearing existing loans.

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