Sunday, July 21, 2019

DHFL lenders may offer six-month moratorium on loan repayments

During moratorium, DHFL would only pay the due interest on outstanding bonds, sources told ET.

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Investcorp raises Rs 10,000 cr for India

Investcorp's latest India-dedicated fund focuses on consumer, finserv and healthcare.

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IL&FS probe: Audit flags 'favours, pressure and threats' among tactics used for good ratings

A report shows that IL&FS management provided gifts or changed the rating agencies to get favourable ratings.

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Kotak MF exposure in DHFL at Rs 140 crore

The total exposure of the mutual fund industry in the company is estimated at Rs 5,000 crore from 10 asset management companies (AMCs).

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IFCI aims to mobilise up to Rs 2,000 cr from sale of non-core assets this fiscal

IFCI is also looking at recovery of bad loans under the Insolvency and Bankruptcy Code.

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Saturday, July 20, 2019

Private insurance firms got Rs 46 crore premium in 2 years, paid Rs 7 crore in claims to railway passengers: RTI

While the national transporter bore the insurance premium till August 31, 2018, the cost was transferred to passengers since and the premium was revised to Rs 0.49 per passenger in Oct 2018.

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View: After 50 years of nationalisation, banking sector calls for crucial changes beyond modifying ownership

Cleaning up political funding is a necessary part of cleaning up state-owned banking.

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Banking sector facing many challenges: Gadkari

Gadkari also listed ensuring transparency and giving returns on deposits as challenges before the banking sector.

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Friday, July 19, 2019

Shaktikanta Das meets PSB heads, reiterates call for faster transmission

Acknowledging the "discernible improvements in the banking sector," Das pointed out that there still are several challenges to be addressed, particularly in regard to stressed asset resolution and credit flows to the needy sectors.

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RBI Governor Shaktikanta Das asks PSU banks to digitally enable one district each

Under the Aspirational District programme, mandates corporates to adopt a district each under their respective CSR schemes and improve on the developmental indicators.

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Indian banks' loans rise 12% Y/Y in fortnight to July 5

Non-food credit rose 494.3 billion rupees to 96.27 trillion rupees, while food credit fell 6.5 billion rupees to 707.7 billion rupees.

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Bandhan Bank to open more branches in search of deposits

A 36% higher net interest income helped the lender offset the impact of higher provisions on account of bad loans. Net interest margin remained higher at 10.45% for the first quarter.

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Thursday, July 18, 2019

50 years of bank nationalisation: How Indira Gandhi changed banking

On July 20, 1969 then Prime Minister, Indira Gandhi, nationalised 14 major banks - a move that was as politically motivated as it was economically motivated.

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