NBFC credit falls to Rs 1.79 lakh crore at the end of June versus Rs 2.49 lakh crore of March

On a year-on-year comparison the fall in sanctions was steeper at 30%.

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RBI makes it mandatory for banks to link lending rate to external benchmark

Banks now don't have any excuse to not pass on rate cut benefits to consumers.

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Bombay HC grants temporary relief to KPMG firm BSR against proceedings in IL&FS case

On Wednesday, a division bench of the Bombay High Court comprising Justice Ranjit More and Justice NJ Jamdar stayed proceedings in NCLT in an oral order.

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Merger won’t slow down business: Syndicate Bank

Syndicate Bank has three-percentage-point higher capital compared to the minimum requirement.

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A new voyage with bank mergers: Sail on rough seas

Mega public sector bank mergers tick many boxes, but the success or failure of the move will depend on the execution rather than the action itself.

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Advent looks to invest Rs 1,300 crore in Birla's financial services business

PE group may pick up 6-7% of Aditya Birla Capital; ABCL board to meet on Thursday to approve fundraising deal.

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Uco Bank as regional bank causes hurtburn in United Bank of India

Uco Bank is, however, a bigger bank with 3088 branches and Rs 3.11 lakh crore business mix compared with UBI’s 2055 branches and Rs 2.06 lakh crore business.

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NPAs may come down to Rs 9.1 lakh cr by FY20: Report

Power, infrastructure and steel sectors together constitute about half of Rs 4.1 lakh crore worth stressed assets.

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IRDAI sets up panel to revisit 3-yr old trade credit insurance guidelines

IRDAI said it decided to revisit the guidelines after it received representations from various stakeholders.

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ICICI Bank targets 23% growth in retail loan disbursement in UP in FY20

ICICI Bank executive director Anup Bagchi said that two major segments of retail loans - consumer loan and mortgages are set to grow at a rapid pace in the state this financial year.

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Indian Bank expects to complete merger with Allahabad Bank by March 31

Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.

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Merger woes: Bank officers associations to meet in Delhi on September 5

Finance Minister Nirmala Sitharaman last week announced the merger of 10 Public Sector Banks into 4.

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Anil Ambani's shipyard risks insolvency as banks spurn debt plan

Any court ruling favoring the banks would deal another blow to the tycoon’s stressed empire

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