Finance news

Modi 2.0: Finance Ministry may have bigger say in disinvestment  Business StandardThe Narendra Modi-led government is planning a change in the strategy for strategic disinvestments. The proposal is to let the Department of Investment and ...

Canopy Considers REIT, Secured Debt to Finance Pot Expansion  BloombergCanopy Growth Corp. is assessing ways to raise non-equity financing as the world's largest cannabis company seeks to expand and become profitable, ...

The Reserve Bank of India Tuesday said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1.

The penalty was imposed on the two entities through speaking orders dated April 22, 2019, according to the release. The penalty was imposed for non-compliance of regulatory guidelines, the release mentioned. 

Blackstone acquires Aadhar Housing Finance, infuses Rs 800cr  Economic TimesGlobal investment firm Blackstone has bought a majority stake in Aadhar Housing that caters to the housing financing needs of low-income households, ...

The report said under the current and revised dispensation, an additional provisioning of 20 per cent would have to be made in case resolution plan is not implemented within 180 days from the end of the review period, which is after 210 days of default.

Mukesh Sabharwal was appointed as the board member of the bank on April 25, 2012 and has spent over 7 years with the Yes Bank.

The bank has revised the marginal cost based lending rate (MCLR) for three loan tenors with effect from June 11, 2019, it said in a regulatory filing.

L&T Finance to expand micro loan business in North India  Economic TimesKolkata: Non-bank lender L&T Finance is planning to expand its microfinance business in Punjab, Haryana and Uttar Pradesh as it aims to grow the microloan ...

What You Can Learn About Personal Finance From the Real Housewives  LifehackerThere are two reasons why anyone watches The Real Housewives franchises: The money and the drama.

Days after the RBI removed charges for payments through NEFT and RTGS and asked banks to pass benefits to customers, a committee has been constituted to examine the charges and fees levied for using the Automated Teller Machines (ATM).

Depending on the methodology, the panel will identify Rs 1 to 3 lakh crore or 0.5-1.5 percent of GDP as the excess capital, the report by economists at Bank of America Merrill Lynch said in a note Tuesday.

Former ELP partner Deep Roy starts finance + fashionable insolvency boutique law firm Equilex  Legally IndiaDeep Roy aims squarely for range of finance work and creditor, resolution professional mandates in insolvencies %%

Buy Repco Home Finance; target of Rs 500: Motilal Oswal  MoneycontrolMotilal Oswal is bullish on Repco Home Finance has recommended buy rating on the stock with a target price of Rs 500 in its research report dated May 31, ...

What effect will China’s latest stimulus move have on economic growth?  South China Morning PostLocal governments can now use bond proceeds to boost their ability to support major projects after tax cuts reduced their revenues.

Hold Repco Home Finance, target Rs 451: Centrum Broking  Economic TimesRepco Home Finance is a smallcap company, operating in finance sector.

HSA Advocates hires SNG's Amit Charan to beef up finance practice  VCCircleFull-*service* law firm HSA Advocates has appointed Amit Charan as a partner to strengthen its banking and finance practice.

OBC has left MCLR for overnight and 3 month tenor unchanged at 8.30 per cent and 8.50 per cent, respectively.

Finance ministry orders 12 tax officials to retire amid allegations of corruption: Reports  Scroll.inThe Union government on Monday forced 12 senior Income Tax officials of the Ministry of Finance to retire, reports said. “In exercise of the powers conferred by ...

Allegation of siphoning-off Rs 98,000 cr 'bizarre': Indiabulls Housing Finance  Economic TimesMUMBAI: Refuting charges of misappropriation of around Rs 98,000 crore by its Chairman Sameer Gehlaut and other directors, Indiabulls Housing Finance late ...

The Reserve Bank of India (RBI) on Monday directed banks to offer to basic savings bank deposit (BSBD) account holders five services for free and without any requirement for maintaining minimum balance.