Lending is dominated by intercreditor issues pertaining to charge and security particulars. Resolution skillsets and approach to resolution, too, vary across public and private sectors and foreign banks.
Lending is dominated by intercreditor issues pertaining to charge and security particulars. Resolution skillsets and approach to resolution, too, vary across public and private sectors and foreign banks.
The offer by the Piramal Group for IL&FS failed because LIC expected a higher price, according to statements made to the Serious Fraud Investigation Office
An environment of tight liquidity, slow demand in Q1; analysts, however, believe HDFC, Bajaj Fin and M&M Fin could post strong.
DHFL said it was talking to bankers and other lenders on restructuring its borrowings.
The country's largest life insurer LIC witnessed more than two-fold rise in its new premium collection to Rs 26,030.16 crore in June.
HDFC Bank’s steady growth and performance are widely attributed to Puri’s no-nonsense approach.
IL&FS, lenders reach agreement; co tells NCLAT it will take up 10 more companies next.
IDBI is regarded as a public financial institution under the Companies Act, but the govt has ceded its management control in the firm. Hence, the confusion.
According to a recent report released by rating agency ICRA, banks have emerged as a large buyer of pooled assets from NBFCs given the liquidity issues faced by the sector during 2018-19.
SBI ordered investigation; lender suspects diversion of funds, evergreening of loans, preferential transactions.
The Centre has allowed onetime, six months’ partial credit guarantee to public banks for their first loss of up to 10% for purchase of high-rated pooled assets of Rs 1 lakh crore.
Deutsche Bank informed hundreds of staff during short meetings that their positions were being cut
The RBI governor said he expects a quicker transmission of interest rate cuts by banks to consumers by way of cheaper home, auto and personal loans.
Several PSBs have been in a precarious situation with repeated capital infusion by the govt over the years pushing promoter holding way above 75%.
"I am proposing to return the regulation authority over the housing finance sector from NHB to the RBI,” finance minister Nirmala Sitharaman said.
The order states that the RBI had asked BSL to conduct a forensic audit, however, the banks submitted their responses to RBI seeking closure of forensic audit allegedly by suppressing material facts.
At present, only banks get federal money support for deploying point of sale (POS) devices in rural areas.
CARE and Icra were among four firms that rated the debt of IL&FS and its group companies.
With an eye on profitability, e-wallet firm to pass on MDR fee to customers that banks & card cos levy on payments.
Over the last few weeks several large Indian and MNC banks met senior RBI officials to put across their point.
