IOB Reduces Lending Rate By A Marginal 5 Bps To 8.65%
Public sector lender Indian Overseas Bank (IOB), on Tuesday, announced that it has reduced its marginal cost of funds-ba... Read more
Despite Differences, BJP And Congress Sing The Same Tune On PSB Merger
Congress to take forward amalgamation of PSBs, which was initiated by the BJP-led NDA government during its five-year ru... Read more
Dvara KGFS Acquires Varam Capital
Dvara KGFS (formerly IFMR Rural Channels and Services), on Tuesday, announced the acquisition of Chennai-based micro fin... Read more
Paytm Plans Digital Distribution Of General Insurance This Fiscal: CEO
Mobile payments platform Paytm will undertake digital distribution of general insurance products this fiscal, said its F... Read more
French Bank Societe Generale To Cut 1,600 Jobs
750 jobs to go in France on voluntary basis and other cuts to take place in New York and London Read more
Srei Opens Bond Issue To Raise Up To Rs 500 Cr
Srei Infrastructure Finance on Tuesday opened its bond issue to raise up to Rs 500 crore for on-lending and meeting gene... Read more
Banks To Post Better Performance In FY20
Outlook for lenders improving on reduction in stressed loans and improving profitability Read more
Axis AMC Raises ₹400 Cr Via Realty Fund
Investors in the fund include the AMC sponsor, domestic institutions, and high net worth investors Read more
Will Banks Act Proactively To Deal With Stressed Assets Or Kick The Can Down The Road?
The sword of Damocles hanging over banks’ heads has been done away with, thanks to the Supreme Court’s ruling that h... Read more
Supreme Court Strikes Down RBIs Feb 2018 Order On Stressed Assets
Relief for power firms facing insolvency; trouble for lenders seeking debt recovery Read more
Rating Agencies See Further Delay In Resolution Process Of Stressed Assets
But genuine borrowers now have more time for resolution Read more
RBI To Conduct Dollar/Rupee Buy/sell Swap For $5 Bn On April 23
Following enthusiastic response to its US Dollar/Indian Rupee Buy/Sell swap auction of 3 years tenor for $ 5 billion on ... Read more
Supreme Court Order On Stressed Assets May Delay Debt Resolution Process: ICRA
The Supreme Court's decision to scrap the Reserve Bank of India's February 12 circular will delay the ongoing debt resol... Read more
Karnataka Bank In Pact With Bharti AXA
Karnataka Bank has entered into a memorandum of understanding with Bharti AXA Life Insurance Company to distribute the... Read more
Manappuram Finance Signs MoU With Autolite India
Under this MoU, Manappuram Finance will provide loans to customers and inventory funding for dealerships Read more