Bank credit to infra sector grows 18.5% in FY19: RBI data

In the fiscal year ended March 2013, loans to infrastructure sector had grown by 15.83 per cent to Rs 7.29 lakh crore.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ElCFE5

Karnataka Bank launches savings bank product for salaried class

According to the release, the bank will provide, free of cost, an insurance coverage of up to Rs 50,000 against chain snatching, theft and burglary for women employees falling in the top category of the salary scheme.

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

Irdai proposes to increase third-party insurance premium for cars, two-wheelers

Normally, the TP rates are revised from April 1. However, this time, the Irdai had decided to continue with the old rates until further order.

from Banking/Finance-Industry-Economic Times http://bit.ly/2YCzz6e

A special borrowing window: Inside RBI's blueprint for the great Indian NBFC rescue

To get a better grip on the situation, the RBI is thoroughly looking at the bad asset data made available by NBFCs.

from Banking/Finance-Industry-Economic Times http://bit.ly/2VQsYZ2

Merger impact: BoB looks to rationalise 800-900 branches

It does not make sense to have branches of Dena and Vijaya at the same location when both have been merged into BoB, a senior bank official said.

from Banking/Finance-Industry-Economic Times http://bit.ly/2WQd25m

MCA sees Rs 2.8 lakh cr recovery from IBC-led resolution process

JSW Steel had revised its offer for Bhushan Power & Steel from Rs 11,000 crore to Rs18,000 crore and later to over Rs 19,000 crore which the CoC had approved.

from Banking/Finance-Industry-Economic Times http://bit.ly/2w7i5Tf

India needs few mega banks to compete globally: CEA Krishnamurthy V Subramanian

CEA Subramanian said a global bank benefits savings across the world.

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

View: The mystery of India's vanishing working capital

The problem with the Indian loan against property is more to do with the lenders than the borrowers.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ElBl46

Creditors expect increase in realisations through IBC despite hiccups

Still, the process has chugged on, albeit at a slower pace than envisioned. Till the close of the financial year 2018-19 on March 31, a total of 715 cases of defaulting corporate debtors had been closed under the IBC.

from Banking/Finance-Industry-Economic Times http://bit.ly/2WNE3GM

Debit card PoS swipes rise 27% as per RBI data

RBI numbers for March 2019 shows ATM withdrawals growing at a slower pace of 15%

from Banking/Finance-Industry-Economic Times http://bit.ly/2Hp4qNN

Ujjivan to become a mass market bank under Nitin Chugh, says current CEO Samit Ghosh

Chugh will join Ujjivan in August and will work closely with current MD & CEO Samit Ghosh for "a smooth transition" before taking over the baton from him on December 1.

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

Nandan Nilekani committee submits report on payments to RBI

The five-member team was formed in January this year to consult with various stakeholders of the payments ecosystem and deliberate on solutions to further strengthen the industry.

from Banking/Finance-Industry-Economic Times http://bit.ly/2JOx2BU

New govt have to take urgent steps to improve liquidity: India Inc

Measures to tackle the NBFC crisis, relaxation in bank borrowing norms, boost to capital market activity and larger public infra spends top the wish list of corporates’ expectations from the new government.

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