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The key findings of surveys and recommendations have been submitted to the RBI Committee on Deepening of Digital Payments. (Photo: ANI)

Payments banks fall by the way on tight regulatory requirements

According to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, the future is "uncertain" for...

23 July 2019 1:04 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank: Slippages to remain elevated

The private lender had reported a profit of Rs 1,260 crore in the same quarter last year.

18 July 2019 1:32 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Life insurers set to report strong quarter

Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.

17 July 2019 7:05 AM IST

Liquidity could ease post-the budget announcement of pooled asset purchase of Rs 1 lakh crore by PSU banks, the benefits of which are expected to be visible from H2FY20.

NBFCs: No visible signs of recovery

NBFC margins may be affected by higher share of fixed rate book and higher costs.

12 July 2019 1:52 AM IST

Housing financiers like Indiabulls Housing Finance and Dewan Housing Finance are facing liquidity crunch.

Housing affordability worsened in four years, shows RBI survey

On Thursday, the RBI released the results of the March 2019 round, along with the summary time series data since March...

12 July 2019 1:49 AM IST

Analysts hold a positive view on banks that are getting out of the corporate NPL cycle as compared to banks that focused more on the retail cycle in the past few years.

Banks set to report healthy numbers for Q1

Credit costs are expected to moderate for corporate-heavy banks such as ICICI Bank, Axis Bank and State Bank of India.

11 July 2019 1:55 AM IST

International rating agency Moodys Investors Service on Tuesday warned that weak growth prospects for India will complicate the governments fiscal consolidation efforts, weighing on the sovereigns credit quality.

Fiscal challenges continue: Moody's

The infrastructure sector, property developers, some domestic producers and securitization transactions.

10 July 2019 3:06 AM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks make token rate cuts

On Tuesday, State Bank of India announced a cut in its marginal cost of funds-based lending rate (MCLR) by 5 bps across...

10 July 2019 2:48 AM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

Bonds rally on government's plan to tap global market

The domestic currency closed lower by 23 paise at 68.65 on Monday compared to previous trading day's closing of 68.42.

9 July 2019 3:14 AM IST

Finance Minister Nirmala Sitharaman presented Union Budget for Modi 2.0 government. (Photo: ANI | Twitter)

Budget 2019:: Public sector banks get Rs 70,000 cr boost in budget...

FM said that the financial gains from cleaning of the banking system are clearly visible and that NPAs have reduced by...

6 July 2019 8:06 AM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Budget 2019: 2 per cent TDS on cash payments above Rs 1 cr

The move to use Aadhaar number for filing returns is expected to ease the tax-filing process.

6 July 2019 7:09 AM IST

People watch finance minister Nirmala Sitharaman tabling the Union Budget 2019-20 on TV sets at a showroom in Patna on Friday. (Photo: PTI)

Union Budget 2019: Steps to pull back NBFCs from trouble

RBI gives Rs 1.34L cr liquidity boost to banks to improve flow of credit.

6 July 2019 2:02 AM IST