Finance news

J&K Bank launches Mandi Finance Scheme  Greater KashmirChairman and CEO of J&K Bank, Parvez Ahmed on Sunday launched Mandi Finance Scheme of the bank for traders of agriculture produce across the country at ...

Loan growth of 21% y-y in Q2FY19 driven by volumes; barring LAP segment, asset quality remains stable.

Tamplin continuing to finance Billericay while out of country  EchoGLENN Tamplin is continuing to finance Billericay Town despite being out of the country, according to chairman Dan Groves.

RBI exhorts urban coop banks to become small-finance banks  The Hindu BusinessLineUCBs with a minimum net worth of ₹50 crore and a CRAR of 9% and above are eligible for a voluntary transition.

Food prices to finance: what a no-deal Brexit could mean for Britain  The GuardianGuardian journalists spell out the potential impact, sector by sector, on national life.

In the fiscal ended March 2018, banks recovered Rs 40,400 crore worth of bad loans as against Rs 38,500 crore recovered in FY17.

The provision coverage ratio (PCR) gives an indication of the provision made against bad loans from the profit generated. Higher the PCR, lower is the unexposed part of the bad debts.

The Reserve Bank is looking at a mobile phone-based solution to help visually impaired people easily identify Indian currency notes. Currently, intaglio printing-based identification marks are present in banknotes of Rs 100 and above for helping the visually challenged identify them.

As an RBI deadline ends on Monday for Kotak Mahindra Bank to reduce promoters' stake, clamour has increased for a review of the central bank's ownership guidelines for the country's private sector lenders.