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Bank credit growth falls further, industrial credit growth slips back into negative zone in June

Latest RBI data show credit growth of scheduled commercial banks declined to 5.8% in June against 6.2% a year ago.

31 Jul 2021

Post-merger, little to cheer for public sector banks

Only two of the 12 public sector banks — Punjab & Sind Bank and Central Bank of India — reported a net loss for the year.

25 Jul 2021

RBI bars Mastercard from adding customers in India from July 22

According to the regulator, the restriction was imposed as the company failed to comply with its directions on storage of payment system data.

15 Jul 2021

Good credit scores in bad times fetch brownie points

A credit score is also the first factor that lenders consider before deciding on their borrowers’ credibility and a score closer to 900 can get you better deals

12 Jul 2021

PNB asks housing financing arm to consider restructuring of Rs. 4,000 crore Carlyle deal

PNB Housing Finance said it received a letter from PNB on July 4 and subsequent to that the board of the company met on July 5 and 6, 2021.

08 Jul 2021

Valli Arunachalam accuses Murugappa family members of using delaying tactics in NCLT

The main allegation of Arunachalam, the eldest daughter of late MV Murugappan, is that there has been a history of gender discrimination in the Murugappa Group.

02 Jul 2021

RBI flags loans by Srei to probable related parties

The lender said total exposure to these loans were at Rs 8,576 crore as on March 21, 2021, and that it has sought a legal view on its relationship with these borrowers.

02 Jul 2021

Small business carnage: 4,900 Covid-hit MSME firms up for sale, figures double up in second wave

While these businesses may be pint-sized (less than Rs. 2 crore), these failures could wreak longer-lasting unemployment and broader economic damage.

18 Jun 2021

Second wave may have led to output loss of Rs 2 lakh crore: RBI 

While SBI Research pegged the current quarter's nominal GDP loss at Rs 6 lakh crore, Barclays estimates it at Rs 5.4 lakh crore given that the lockdowns will last only till June-end.

17 Jun 2021

Economy down but not out, COVID-19 vaccine strategy to shape recovery: RBI

The central bank believes there is a need to ensure that the recovery is built on a solid foundation of investment and productivity growth.

17 Jun 2021

Rs.1.53 lakh crore bad loan write-off gives a facelift to banks’ NPA profile

Write-offs were pretty high during the fourth quarter of FY21 comprising 55.65 per cent of total quantum of bad loans written off during the year. 

13 Jun 2021

Carlyle-led capital infusion plan for PNB Housing faces red flags

According to a section of proxy advisory firms, the Rs 4,000 crore investment in PNB Housing Finance, led by Carlyle Group, is against the interests of minority shareholders of the mortgage lender.

09 Jun 2021

Carlyle Group, Aditya Puri among others to infuse Rs 4,000 crore in PNB Housing Finance

Carlyle, through a separate vehicle, Quality Investments Holdings currently owns 32.2 per cent in the company.

01 Jun 2021

2018 circular no longer 'valid', banks can't shun crypto transactions citing it: RBI

Over the past one month, several financial institutions including ICICI Bank and Paytm Payments Bank have cut ties with crypto exchanges and blocked their ability to accept rupee deposits.

01 Jun 2021

India Inc seeks doubling of allocation for Emergency Credit Line Guarantee Scheme

The extent of the scheme, first announced in May 2020 to mitigate the financial distress caused by Covid, remains restricted at Rs 3 lakh crore, of which Rs 2.55 lakh crore has already been utilised.

01 Jun 2021