Finance news

The Reserve Bank Friday imposed a penalty of Rs 2 crore on Kotak Mahindra Bank for not complying with its directions regarding dilution of promoters' shareholding in the company.

The one-year MCLR is the benchmark against which most customer loans such as auto, personal and home loans are priced.

RBI’s previous circular mandated strict identification of bad loans in case of default and resolution through insolvency and bankruptcy process.

E-mail trails have revealed deep-rooted connivance between former senior IL&FS officials and Siva Group Chairman C Sivasankaran as loans continued to be ever greened and recoveries delayed, according to officials.

Buy Manappuram Finance, target Rs 157: Centrum Broking  Economic TimesManappuram Finance is a midcap company, operating in finance sector.

Ever since the collapse of infrastructure financier-operator IL&FS Group in September, the funding woes of the country’s nonbank lenders have kept worsening.

Minolta Finance reports standalone net loss of Rs 0.28 crore in the March 2019 quarter  Business StandardSales reported at Rs 0.05 crore. Net Loss of Minolta Finance reported to Rs 0.28 crore in the quarter ended March 2019 as against net loss of Rs 0.02 crore ...

Summit Ridge Energy Secures Project Finance Fund for 100MW of Community Solar  Greentech Media NewsA new dedicated financing fund will help Summit Ridge develop and acquire more community solar projects.

Here's what to watch at the G-20 finance meetings this weekend - Tables are set  Economic TimesRisks from the US-China trade war and an expected turn in global monetary policy will feature high on the agenda as finance and central banking chiefs from the ...

Nirmala Sitharaman to crowdsource ideas for her first budget as Finance Minister  Business TodayThe newly-appointed Finance Minister Nirmala Sitharaman is reportedly crowdsourcing ideas for the union budget in an attempt to make it as inclusive and ...

Finance Minister Albayrak projects single-digit inflation  Hurriyet Daily NewsTurkey's inflation rate will again drop to single-digit levels by the end of the summer months, according to Treasury and Finance Minister Berat Albayrak.

Manappuram Finance tanks 10% after SEBI notice for insider trading  Moneycontrol.comThe market regulator issued a show-cause notice to five Asset Management Companies (AMCs) including SBI Fund Management, ING Mutual Fund (now Birla ...

5 Reasons To Invest Your Bonus In A Bajaj Finance Fixed Deposit  MoneylifeIt is that time of the year, when you receive your appraised salary along with bonuses, which could be a compelling reason to go on a spending splurge.

Green Finance: What It Is And Why It's Growing  BloombergMoney is gushing into any kind of asset labeled green or sustainable.

Manappuram Finance slips 10% on Sebi notice in insider trading case  Business StandardShares of Manappuram Finance slipped 10 per cent in the intra-day trade to quote Rs 124 apeice on the BSE on Friday after markets regulator, Securities and ...

Indiabulls Housing Finance says it has cash and cash equivalents of ₹28,150 crore  LivemintIndiabulls Housing Finance said it held cash and cash equivalents of ₹28150 crore as on 31 May.Earlier, CRISIL had placed its rating on the long-term debt ...

Eros Media, Manappuram Finance among top losers on BSE  Economic TimesNEW DELHI: The domestic equity benchmark BSE Sensex was trading 184.14 points down at 39,345.58 on account of selling in frontline bluechip counters.

Madam Finance Minister, think small  Economic TimesMadam Finance Minister, you may have guessed by now that everyone expects big-bang reforms in your maiden budget speech. Since you have gallantly ...

Improved liquidity situation may not translate into lower deposit rates as banks remain wary in an environment of slow deposit growth

RBI governor Shaktikanta Das said the RBI was committed to maintaining financial stability and would take whatever steps were necessary.

Media reports, including FE's, had earlier suggested that OBC had floated the idea of combining with Indian Bank and Corporation Bank. 

Improved liquidity situation may not translate into lower deposit rates as banks remain wary in an environment of slow deposit growth

Markets have been hoping for a special liquidity window for some troubled NBFCs, HFCs which have asset-liability mismatches and have been unable to repay lenders

The RBI announced that it will “review comprehensively” the existing liquidity management framework by mid-July and suggest measures to simplify it; it also indicated that it will be more communicative on the objectives of management.

Draft norms for ‘on-tap’ licensing of small finance banks by August end  The Financial ExpressRBI seeks to enhance supply of credit to small borrowers and encourage competition.

RBI seeks to enhance supply of credit to small borrowers and encourage competition

“It has taken a little more time than we had originally anticipated but it will be issued very shortly. And very shortly means in a matter of 3 or 4 days,” RBI governor Shaktikanta Das told reporters at a post-monetary policy conference.