Finance news

Relax. China Only Wants a Bull Market, Not a Mad Cow  BloombergRegulators aren't looking to clamp down on margin finance completely. Rather they're looking to curb the gray-market excesses of 2015.

BoB has been trying to sell off some of the accounts on the list for much of the current financial year.

The central bank on Tuesday decided to remove Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the list of banks placed under its PCA framework.

The bank was put under directions by the Reserve Bank of India (RBI) over its deteriorating financial health in February 2013.

The one-year tenor loans, against which most of the consumer loans are benchmarked, has been cut to 8.45 per cent from 8.55 per cent. The three-year MCLR has been cut to 8.65 per cent.

The second quarter saw 660 cases involving an Rs 4,832.42 crore and the third quarter reported 556 cases amounting to Rs 2,395.81-crore.

PMLA amendments through Finance Acts challenged by Jairam Ramesh  Bar & BenchJairam Ramesh has moved Delhi HC challenging the amendments to the Prevention of Money Laundering Act (PMLA) through Finance Acts of 2015, 2016 and ...

PNB Housing Finance raises Rs 235 crore via NCDs  Economic TimesNew Delhi: PNB Housing Finance Wednesday said it has raised Rs 235 crore by issuing bonds with maturity of 1.5 years. The non-banking finance company will ...

PNB Housing Finance raises Rs 235 crore via NCDs  Moneycontrol.comThe non-banking finance company will allot the secured redeemable non-convertible debentures (series XLIV) on Thursday (Feb 28, 2019), PNB housing ...

Aspire Home Finance implements AI to better customer service, operational efficiency  Moneycontrol.comThe home loan company leverages intelligent Chat Bot and Robotic Process Automation to enhance customer experience.

Developing world split on climate finance at UN flagship fund  Climate HomeVulnerable countries are backing governance reform at the Green Climate Fund, while emerging economies resist efforts to impose conditions on finance.

The financial sector does not use facial recognition technologies anywhere in the world to check customer credentials and also to meet basic KYC norms.

Post-retirement jobs just a handshake away for finance ministry officials  Business StandardRead more about Post-retirement jobs just a handshake away for finance ministry officials on Business Standard. While FinMin mandarins remain favourites for ...

PERSONAL FINANCE MANAGEMENT: How banks should use personalized services to increase customer satisfaction and  businessinsider.inThe ability to conduct banking activities via a sleek mobile app is no longer enough to satisfy consumers - it's table stakes.Banks need to focus on deploying.

Indiabulls Housing Finance declines after Macquarie cuts price target by 29%  Moneycontrol.comMacquarie cut its target price for Indiabulls Housing Finance to Rs 836 from Rs 1170 apiece.

Plainfield District 202 finance coordinator named new transportation director  The Herald-NewsPlainfield School District 202 coordinator of accounting Sandy Bressers will serve as the director of transportation next school year. She will replace Ellen ...

Nutrien Enters into Binding Agreement to Acquire Ruralco  Global Banking And Finance ReviewNutrien Ltd. (TSX and NYSE: NTR) (Nutrien) announced today that it has entered into a binding agreement with Ruralco Holdings Limited. (ASX: RHL) (Ruralco) ...

Approving budget cuts 'unrealistic' without more analysis, finance director says  Juneau EmpireGov. Mike Dunleavy's budget proposes making a lot of cuts. There's been outcry. There's been protests. But has there been enough analysis? The budget ...

Based on the principles adopted by the BFS in its earlier meeting on January 31, it was decided in the meeting held on Tuesday that Allahabad Bank and Corporation Bank be taken out of the PCA framework, subject to certain conditions and continuous monitoring.

Sri Lanka's Dialog Finance seeks fin-tech tie up  EconomyNextECONOMYNEXT – Dialog Finance, the fin-tech unit of Sri Lanka's top mobile phone operator Dialog Axiata, said it aims to partner with a digital finance *service* ...

The lender’s total borrowings, including deposits, loans from NHB, banks and the debt markets, stood at Rs 1 lakh crore at the end of March, 2018, according to a company presentation.

Under scanner! Finance ministry asks PSBs to submit asset sale details to ARCs  The Financial ExpressThere are several factors which determine the possible realisation from bad assets, such as the scope of revival, value of securities, risks of litigation and ...

There are several factors which determine the possible realisation from bad assets, such as the scope of revival, value of securities, risks of litigation and timelines of resolution etc.

Finance Watch: Scripps Research Models A New Way To Fund Translation  ScripPrivate Company Edition: Scripps Research has a new model for translating academic findings into drugs, including a novel fund for financing that work. Also, in ...

Bluedrop Releases Q1 2019 Financial Results  Global Banking And Finance ReviewBluedrop Performance Learning (Bluedrop) (TSX-V:BPLI) today reported its financial results for the three months ended December 31, 2018. Revenue for the ...