FALAKNAAZ SYED, Deccan Chronicle Page 13

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For instance, both HDFC Bank and IndusInd Bank that have announced their Q3 FY20 earnings saw a steep rise in loan loss provisioning due to their exposure to DHFL.

Budget 2020: Bank deposits insured till Rs 5 lakh

However data pointed out that the bulk of the claims have come from co-operative banks.

2 Feb 2020 2:07 AM IST

Raj Kumar served the LIC as executive director (international operations), CEO, LIC Mutual Fund Asset Management, zonal manager (I/C), Central Zone, Bhopal, ED (HRD-OD), ED (estate and office services).

Budget 2020: LIC to get listed on stock exchange

After two capital infusions, the government owns a substantial part of IDBI Bank (46.5 per cent stake) which will be...

2 Feb 2020 1:43 AM IST

In a stock exchange filing, Kotak Bank said the RBI has given an in-principle acceptance for reducing the promoter shareholding to 26 per cent of the paid-up voting equity share capital (PUVESC) of the bank within six months from the date of the final approval. This brings to end a year long battle over a decade-old issue between the two on promoter shareholding in the bank.

Kotak Bank and RBI smoke peace pipe

As on date, the shareholding of promoter Uday Kotak, who is also the MD & CEO of Kotak Bank, and the promoter group,...

31 Jan 2020 2:06 AM IST

Investments through the VRR route is free of the regulatory norms applicable to FPI investments in debt markets, provided the FPIs maintain a minimum share of their investments for three years. FPIs registered with Securities and Exchange Board of India (Sebi) are eligible to voluntarily invest through the route in government and corporate bonds.

RBI doubles debt limit for FPIs; yields may fall

Investment under voluntary retention route raised to Rs 1.5 lakh crore.

24 Jan 2020 2:01 AM IST

For instance, both HDFC Bank and IndusInd Bank that have announced their Q3 FY20 earnings saw a steep rise in loan loss provisioning due to their exposure to DHFL.

Provisioning to stay high for banks in Q3

Delinquency trends in retail loans likely to deteriorate.

20 Jan 2020 2:13 AM IST

The aggregate share of housing finance companies (HFCs) and private banks (PVBs) increased while state-owned lenders aggregate share to real estate companies reduced sharply.

Loans to realtors rise after 2018 crisis, double in last four years

HFCsâ€™ exposure to real estate rose to 23.81 per cent as of June 2019, up from 12.17 per cent in June 2016.

30 Dec 2019 1:51 AM IST

The barely two-year-old P2P lending market is estimated to be valued at more than Rs 300 crore. Since 2017, the Reserve Bank of India (RBI) has given approval to as many as 20 P2P firms. Four of these firms are based in Hyderabad.

Bad loans to rise in 2020, says RBI

Health of urban cooperative banks worsens.

28 Dec 2019 2:16 AM IST

The recent data on bank credit released by the Reserve Bank of India (RBI) reveals that the contraction in incremental credit outstanding to the services as well as the industrial segments, offset the entire growth in credit to the retail segment during the seven months of this fiscal. Within services, the credit outstanding to NBFCs has increased.

Growth in bank credit to decline to 7 per cent in FY20

Analysts expect bank credit growth to moderate to 6.5-7 per cent during FY2020 from 13.3 per cent in FY2019.

27 Dec 2019 2:32 AM IST

Meanwhile the central bank said the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1 per cent as of September-end, the same level as in FY19.

Banks see 74 per cent rise in frauds

The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18.

25 Dec 2019 4:43 AM IST

The IRDAI in an order on Tuesday said that Cardif on March 29, 2019 sold 5.069 per cent of SBI Lifes total shareholding, by way of on-market transaction without taking prior approval of the regulator which was a violation of extant rules.

IRDAI rebukes Cardif for selling stake in SBI Life without its nod

However the regulator abstained from penalising the foreign insurer.

25 Dec 2019 4:40 AM IST

Retail inflation increased to 5.54 per cent in November higher than the 4.62 per cent in October.

Monetary Policy Committee minutes hint at rate cut in February

Green shoots seen, capex cycle may be turning up.

20 Dec 2019 2:03 AM IST

United Bank of India and Oriental Bank of Commerce will be merged with PNB, making the merged entity the second-largest public sector bank.

PNB stock falls after bonds put on rating watch

There has been significant progress on the amalgamation including approvals from the Boards of the banks.

19 Dec 2019 5:24 AM IST