Personal finance

As funding remained an issue, disbursements too were sluggish in H1FY20 and prospects for the current year are subdued.As demand for real estate remains weak, the sector is experiencing significant headwinds, impacting the financial…
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India’s shadow-banking sector has been under stress since the collapse of infrastructure lender Infrastructure Leasing and Financial Services (IL&FS) in September last year. Traditionally, banks have been among the largest providers…
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The ED case of money laundering was based on the FIR registered by the EOW.HDIL promoters Rakesh Wadhawan and his son Sarang, arrested in connection with the Rs 4,355-crore PMC Bank scam, were remanded to judicial custody on Thursday by…
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On a sequential basis, the bank had reported a net profit of Rs 365.37 crore for Q1FY20 compared to Rs 209.31 crore a year ago, a growth of 74.56%Chennai-headquartered Indian Bank on Wednesday reported a good set of numbers with net…
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It’s not the first time that MCSL is exploring new niches. Its initial foray into used car credit had fetched Rs 14-crore business from six centres in five states.Muthoot Capital Services (MCSL), the two-wheeler financing arm of the Rs…
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The cabinet added that the banks will have to give notice at least 14 days before the strike.The government has said that being in the public utility sector, the bank employees cannot just go on a flash strike. It added that the banks…
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Banks would also be USD 10 billion short of the capital required to meet the regulatory minimum of 8 per cent that is set to apply from end-March 2020Banks would face a capital shortfall of about USD 50 billion (about Rs 3.5 lakh crore)…
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For a bank to make a profit, there should be a significant difference between its lending and deposit rate.RBIhas cut down repo rates five times in a row since February 2019 but there is hardly any visible change in the lending rates of…
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Total deposits as on September 30 were Rs 10.22 lakh crore, an increase of 22.6% over September 30, 2018. (Image: Reuters)HDFC Bank on Saturday reported a 27% year-on-year (y-o-y) growth in net profit for the quarter ended September to…
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Following the Bombay HC’s October 10 order, ICRA had downgraded six loan pools, worth Rs 638 crore, to default grade.Three public sector banks (PSBs) may soon move the Bombay High Court (HC) for a clarification on the moratorium on…
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