Finance news

As a part of the turnaround strategy, the lender, which is under the prompt corrective action (PCA) of the Reserve Bank of India, is looking to bring down the net NPA ratio to below 6% by the first quarter next fiscal.

Crystal Ball 2019 Finance Outlook: More interest rate hikes expected for 2019  MiBizInterest rates likely will rise again in 2019. How much and how often remains the question following the latest quarter-point increase in the federal...

Wall St quietly shelves its bitcoin dreams  The Business TimesLondon. LIMBO - that's where to find Wall Street when it comes to cryptocurrencies. Squeamish from the start about pursuing profits in one of the darker corners ...

The world will pay for not dealing with debt  The Business TimesMARKETS, to paraphrase Nobel prize-winning economist Thomas Schelling, often forget that they keep forgetting. That's especially true when it comes to the ...

Aspira inks pact to finance holiday makers  The StandardA product finance firm Aspira has entered into a partnership with Vacay Holiday Deals that will see Kenyans access to affordable credit for holidays.

Finance firms' loans hit records on relaxed SME lending rules  The Straits TimesSingapore's finance companies are on a roll, with loans boosted by liberalised rules on lending to small and medium-sized enterprises (SMEs).. Read more at ...

Global oil price reduction to benefit people - Finance and Media Ministry  Ceylon Daily NewsAs a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs.30 and Rs.20 per litre respectively when ...

JK Bank conferred prestigious SKOCH Award in Banking and Finance Category  State TimesSTATE TIMES NEWS SRINAGAR: J&K Bank Chairman and CEO Parvez Ahmed received the prestigious SKOCH Award in Banking and Finance Silver ...

Brookfield Board of Finance fills vacancy  Danbury News TimesBROOKFIELD — A former Board of Finance member has been named to fill the vacancy on that board. The board voted unanimously Thursday evening to ...

Satin Creditcare plans to demerge small and medium finance unit into NBFC  Business StandardSatin Creditcare, the third-largest microfinance company in India, plans to demerge its small and medium finance vertical into a separate non-banking finance ...

Luxembourg watchdog cautions on AI risks for finance  Luxembourg TimesCSSF white paper sets out recommendations for firms turning to AI, machine learning.

Hunt Companies Finance Trust Inc (HCFT) to Issue Quarterly Dividend of $0.06  Fairfield CurrentHunt Companies Finance Trust Inc (NYSE:HCFT) declared a quarterly dividend on Friday, December 7th, Zacks reports. Shareholders of record on Monday, ...

Yahoo Finance Selects Square As The Company Of The Year, Cites Bitcoin Trading App Expansion  Bitcoin Exchange GuideSquare was selected as Yahoo Finance's Company of the year. There are many reasons behind this decision, but during the last year it is up around 70% and ...

JK Bank Gets SKOCH Award in Banking, Finance Category For Ladakh Region  Kashmir LifeSRINAGAR: J&K Bank Chairman and CEO Parvez Ahmed received the prestigious SKOCH Award in Banking and Finance Silver Category for the establishment ...

Analyzing Wins Finance (WINS) and Walker & Dunlop (WD)  Fairfield CurrentWins Finance (NASDAQ:WINS) and Walker & Dunlop (NYSE:WD) are both small-cap finance companies, but which is the better stock? We will compare the two ...

Shriram Transport to M&M Finance, volume dip deflates vehicle financiers  Business StandardThe bad spell for non-banking financial companies (NBFC) has not spared even vehicle financers. Initially considered stronger players as their loans are backed ...

Finance chief hints at fewer sweeteners in next Hong Kong budget  South China Morning PostFinance minister Paul Chan Mo-po on Sunday hinted there would be fewer sweeteners for cash-strapped Hongkongers in his next budget as “public resources ...

Rays Power Infra closes Rs 200 Cr Mezzanine Funding From DMI Finance  BW BusinessworldWith this investment the firm also plans to grow its co-development business model (“Co-Dev”), a bespoke model that Rays has pioneered in the Indian Solar ...

Economy to overheat from 2019, Department of Finance says  Irish TimesDepartment economists predict economy is likely to reach full employment soon.

Economy to overheat from 2019, Department of Finance says  The Irish TimesDepartment economists predict economy is likely to reach full employment soon.

Ministry of Finance launches e-refund system  gulfnews.comThe new system to deliver quicker response to customers.

Top stocks in focus: Fortis, IndiGo, Bandhan Bank, Info Edge, Sundaram Finance  IndiainfolineCheck out the companies which will be in focus during trade today based on recent and latest news developments.

The scheme of amalgamation spelling out the contours of the merger of Bank of Baroda (BoB), Vijaya Bank and Dena Bank is expected to be finalised by the end of this month, sources said.

ABE launches Agri Phone service with e-finance, Progress Soft  Daily News EgyptLast week, the Agricultural Bank of Egypt (ABE) launched its mobile wallet, Agri Phone, to facilitate the usage of banking services, in cooperation with e-finance ...

Close to 1 million employees of various banks, including private lenders, have called for a one-day strike on December 26 to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda.

Credit market issues, including lending caps on half of the state-run banks and the crisis at non-bank lenders, have led Kotak Mahindra Bank to upwardly revise its corporate lending targets up to 25 percent next fiscal year.

Election manifestos shouldn’t disturb macro stability: Finance Commission  The Financial ExpressWith the general elections likely to take place in the first quarter of 2019, the chief of a major federal body -- the Finance Commission -- on Saturday urged ...

Solar EPC Firm Rays Power Infra Raises $28.5 Mn from DMI Finance  IndianWeb2Jaipur headquartered solar power developer and EPC (Engineering, Procurement, and Construction) player, Rays Power Infra, has closed first round of Rs ...