Finance news

UK Export Finance steps up space sector focus  SpaceNewsWASHINGTON — U.K. Export Finance's $325 million loan to Turkey this April is the most the agency's has ever provided for a space industry deal. Adam Harris ...

The Indian Banks’ Association (IBA) released a revised draft of the inter creditor agreement (ICA) on Tuesday, in compliance with the Reserve Bank of India’s revised circular on ‘prudential framework for resolution of stressed assets’, so that bankers could start work on resolution of specific stressed accounts.

Non-food credit growth in the banking system fell for the fifth straight fortnight to 12.26% year-on-year (y-o-y) — a 14-month low — for the period ended June 7, down from 12.63% in the previous fortnight.

China Deepens Global Finance Links as It Joins Benchmark Indexes  International Monetary FundBy Sally Chen, Dimitris Drakopoulos, and Rohit Goel · 中文, 日本語. China is embarking on the next stage of its integration into global financial markets. It is a ...

With new RBI norms, investors need to be cautious about small finance arms  Business StandardWith the Reserve Bank of India set to open up the small finance banking space for more players soon, investors will be flooded with more options, thanks to the ...

"Examination in this regard revealed violation of RBI directions on 'Guarantees and Co-acceptances' and a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the directions," the RBI said.

As of today, Rs 1.5 crore of the SSST's money in the form of coins is with 11 banks where the trust has accounts, a trust official said.

Finance Minister Nirmala Sitharaman discusses budget proposals with financial sector regulators  Business TodayFinance Minister Nirmala Sitharaman reviewed the state of the economy and discussed various budget-related suggestions and proposals at a meeting with ...

Suryoday Small Finance Bank aims to leverage brick-and-mortar presence  The Hindu BusinessLineHaving opened a branch opposite the famous Sai Baba temple in Shirdi in March 2019, Suryoday Small Finance Bank (SSFB) is eyeing the possibility of ...

As a result, as on March 31, 2019, 1,142 borrowers were declared as wilful defaulters, according to the annual report.

Finance Ministry to prepare fresh proposal for Air India sale  Economic TimesNEW DELHI: The Finance Ministry is preparing a *fresh* proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, ...

German insurer Munich Health will pay Rs 294 crore to Apollo Hospitals Enterprise and Apollo Energy for terminating their joint venture, HDFC chairman Deepak Parekh said.

The bank’s Rs 1,928-crore exposure to the public-private partnership (PPP) is understood to have been classified as a non-performing asset (NPA) in 2018 and it is currently assessing a restructuring proposal developed by EY India for the company.

PESB names Kesavan as HPCL finance director; ONGC left in lurch  BusinessLineThe Public Enterprises Selection Board (PESB), the government's head-hunter, has picked R Kesavan as the new finance director of state-run oil refiner ...

Volumes soar at Shriram City Union Finance Ltd counter  Business StandardShriram City Union Finance Ltd recorded volume of 29582 shares by 14:19 IST on NSE, a 9.86 times surge over two-week average daily volume of 3000 shares.

IFC proposes to invest $30 mn in Indian School Finance Company  VCCircleInternational Finance Corporation (IFC), the private-sector investment arm of the World Bank, has proposed to invest up to $30.

Sri Lankan Finance Minister takes on Buddhist monk’s racially charged comments  The HinduSri Lanka's Finance Minister Mangala Samaraweera on Wednesday slammed a Buddhist monk's controversial comments targeting Muslims and urged “true ...

Private sector lender Federal Bank Wednesday announced plans to raise up to Rs 500 crore by issuing Basel III-compliant bonds on private placement basis.

The shadow lenders, which have been under increased strain after the collapse of IL&FS Group last year, have a record 1.1 trillion rupees ($15.8 billion) of local-currency bonds due next quarter,

Capsave Finance Pvt Ltd. posts net profits in second year of operations  Business StandardRead more about Capsave Finance Pvt Ltd. posts net profits in second year of operations on Business Standard. / -- Capsave Finance Pvt Ltd, a non-banking ...

Italy finance minister rules out new bonds to pay government debts  Financial TimesItaly's finance minister has defied his political masters by ruling out introducing new treasury bonds to pay outstanding debts to government suppliers, saying ...

A chat with PML-N's self-exiled finance supremo | Opinion  Asia TimesIshaq Dar, who managed Pakistan's economic affairs from 2013 to 2017, spoke to Asia Times from the United Kingdom, which he relocated to after prime ...