Finance news

All six assets are being offered on a 100% cash basis, with haircuts ranging between 29% and 76%.

HDFC Bank had reduced the MCLR for two and three years tenors by 5 bps to 8.85% and 9%.

Finance deptt modifies rules for incurring of expenditure  Greater KashmirAs per government order, in partial modification of Government Order N0.I86-F of 2019 dated:07.03.2019 and Circular instructions issued vide No.l09-FD of ...

Breaking into a consortium to lend to a good company in India is not just tough because of a surfeit of banks, but also time-consuming, Rajat Verma, head – commercial banking, HSBC India says.

Mexican President Contradicts Finance Official on Refinery Delay  BloombergMexican President Andres Manuel Lopez Obrador on Tuesday contradicted an undersecretary who suggested that a controversial refinery project will be ...

The deal will allow Bandhan Bank's promoter Bandhan Financial holding to come down to about 61 per cent from about 82 per cent, and HDFC to hold around 15 per cent in the merged entity from about 57 per cent in Gruh.

Startup Finturi Raises $2.2 Million for Its Blockchain-Based Invoice Finance Platform  CointelegraphNews. Dutch blockchain startup Finturi has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the ...

Blockchain adoption in India driven by govt companies, banking and finance sector  The Financial ExpressIt said the state governments are also ensuring a progressive approach to impart a conducive framework for start-ups and niche *service* providers to participate ...

The bank had moved the court on December 10, 2018, challenging an RBI directive of August 13, 2018, which had directed it to dilute the promoter's shareholding from around 30 per cent to a maximum of 20 per cent of its paid-up voting equity capital by December 31, 2018 and to 15 per cent by March 31, 2020.

ESAF Small Finance Bank hailed for financial-inclusion initiatives  The Hindu BusinessLineKerala Education Minister C Raveendranath has lauded the role played by ESAF Small Finance Bank in taking the message of financial inclusion to the length ...

ELP finance partner Deep Roy leaves, destination TBC  Legally IndiaScoop:Economic Laws Practice (ELP) Mumbai-based banking and finance partner Deep Roy has left the firm last week.

EU finance ministers shelve plan to tax tech giants  DW (English)At a meeting of European Union finance ministers on Tuesday in Brussels, governments scrapped a plan to introduce an EU-wide digital tax as some states ...

Here's how much it costs to finance an election in India  CNBCTV18India is gearing up for the 17th Lok Sabha elections which will be conducted in seven phases starting from April 11. The chief election commission on Sunday ...

Banking & Finance Associate, UK firm, Hong Kong, 1 - 2 Years  Vantage AsiaA UK firm is looking to hire a junior associate to join its Banking & Finance team in Hong Kong.

Both assets were named on the Reserve Bank of India's (RBI) first list of large non-performing assets (NPAs).

The appellate tribunal said the country’s largest lender had “clapped with RCom” or, in other words, worked with the telecom player.

UK jobs boom set to end as finance and business sectors lose confidence  Workplace InsightThe boom in the UK jobs market is coming to an end as the Brexit countdown reaches its final stages, with the finance and business sectors losing confidence.