'Opposition looking to form majboor govt but citizens want majboot leaders': Narendra Modi at BJP national convention
On the second and last day of the BJP National Convention in New Delhi, Prime Minister Narendra Modi launched attacks on the Congress and other Opposition outfits over various issues, including the Rafale deal and the Ayodhya issue.
Crisis to crimp operating profits of NBFCs by up to 0.5%; non-bank lenders build extra liquidity buffers to tackle crisis: Study
As the going gets tough, all the NBFCs have started building extra liquidity buffers, which will narrow the net interest margins by up to 0.15 percent, thereby impacting the profitability, it said.
RBI's New Year gift to MSME sector: Central bank allows one-time restructuring of loans up to Rs 25 cr
The decision will help the micro, small and medium enterprises (MSMEs) which are facing cash crunch in the wake of demonetisation and GST implementation.
Religare approaches Corporate Ministry with complaint against Singh brothers, ex-chairman Sunil Godhwani
Earlier on Wednesday, Religare Finvest lodged a criminal complaint with the Economic Offences Wing (EOW) of the Delhi Police against the Singh brothers.
Arun Jaitley says government does not need RBI funds in next six months, Centre keen to gain control over bank reserves
Critics accuse the government of trying to undermine the RBI's authority, but Arun Jaitley said the BJP-led government respected the institution’s independence.
Pakistan cuts CPEC investment in railways by $2 billion; railway minister says Islamabad 'cannot afford' huge burden of loans
The announcement gives credence to reports that the Imran Khan government intends to scrutinise the $62 billion CPEC infrastructure and power projects,
IL&FS fiasco singeing mutual fund investors: What happened to fund houses’ much-vaunted research capabilities?
That IL&FS would default to its bondholders could have been easily ferreted out had the fund houses upped their ante on the back of their famed research capabilities.
Ratings agency Moody's Investor Services agrees to pay $16 mn to settle SEC charges over flawed credit ratings
According to the SEC, Moody's failed to establish and enforce proper internal controls for models used to rate mortgage-backed securities between 2010 and 2013.
At the moment, nothing is changing about the experience in India other than the name to Google Pay.
NPA crisis: RBI sticking to its deadline is fine; it means the days of compromise are over but courts still have final word
The fact remains that the NPA issue has ballooned over the years and even today one is not sure if all of them have been recognized and provided for.
The banking sector is grappling rising NPAs which touched Rs 8.99 trillion or 10.11 percent of the total advances at December-end 2017.
Govt accepts National Housing Bank chief Sriram Kalyanaraman's resignation; to probe alleged misconduct
Kalyanaraman was appointed as MD and CEO for a period of five years in 2015.
Root cause of NPAs is mega PSB loans: With funds distributed in dollops, reforms to sanctions will bode well for the sector
Bank loans are not meant for big ticket borrowers and the government should shut the PSB doors to loans to big industrial houses.
Financial Stability Report, according to a Economic Times report. The top 10 banking frauds in 2018 lead to a financial loss of Rs 10,000 crore
Narendra Modi to inaugurate third AIIB annual meet in Mumbai today: All you need to know about China-led bank
Monsoon rains notwithstanding, the two-day meet will host policy makers, ministers, participants from partner institutions, the private sector and civil society.
In letter to Piyush Goyal, Devendra Fadnavis asks Centre to direct all Maharashtra banks to fast-track crop loan disbursal
Devendra Fadnavis wrote a letter to the Centre, demanding that all banks be directed to expedite the process of disbursing crop loans to farmers.
RBI ups repo rate to 6.25% after four-and-a-half years; get ready to pay more on your home, auto loans soon
The RBI's decision to hike the repo rate will soon impact the common man, as banks will start raising their lending rates.
Over the years, the RBI has remained silent on several anti-depositor actions of banks, according to a Memorandum signed by All India Bank Employees' Association along with NGOs.
The common man’s role in this saga is to pay taxes on time to help refuel banks, so that lenders don’t run out of funds to feed Mr Fraud.
PNB Rs 11,000-crore fraud: Bank took 7 years to detect Nirav Modi scam; is another Vijay Mallya in the making?
The nature of the Punjab National Bank fraud is such that there may not be a big direct fund exposure to the alleged fraudster.