Personal finance

Of the Rs 86,892 crore claims submitted by financial creditors, Rs 45,550.07 crore are from bondholders and Rs 41,342 crore from other lenders.By Ankur MishraThe troubled mortgage financier, Dewan Housing Finance Corp (DHFL), has…
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There was also a need to enhance PSL limits for UCBs to meet the goal of financial inclusion, the RBI said.Reserve Bank of India (RBI) plans to restrict urban cooperative banks’ (UCB) exposure to a single borrower and a group of…
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In fiscal 2017-2018, banks filed 33.17 lakh cases with Lok Adalats, and managed to recover only Rs 1,811 crore from disputed amount of Rs 45,728 crore; which is about 4% of the disputed amount.While Indian Scheduled commercial banks…
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In a draft circular, the RBI said large exposure of banks to single borrowers/parties or groups of connected borrowers/parties leads to credit concentration risk.The RBIon Monday proposed reduction in loan amount an urban co-operative…
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As for smaller NBFCs, asset sales or converting assets into securities will help generate liquidity as tight funding conditions persist.Non-banking finance companies (NBFCs) will look to offshore markets to meet their credit requirements…
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Earlier on Monday, SBI cut its one-year MCLR by 10 basis points to 7.9%, HDFC Bank effected a 15-basis-point cut to 8.15%, and Bank of India reduced the same by 20 basis points to 8.20%.Following the footsteps of peers like SBI, HDFC…
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The new rates will be applicable from January 1, 2020, the bank said in a statement. (Image: Reuters)The country’s largest lender State Bank of India (SBI) on Monday announced reduction in its external benchmark-based rate by 25 basis…
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Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system. (Reuters)Battered by bad loan menace and fraud, the country’s banking industry eyes better days with…
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The Reserve Bank of India’s major push towards Digital India has resulted in a rise of online payments .The number of debit cards in India is falling and has hit a two-year low. Having come strikingly close to the 1-billion mark a year…
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The total proceeds from the bankruptcy cases should total 540 billion rupees (.6 billion).India’s banks are set for a $7.6 billion earnings windfall this month as the country’s bankruptcy court has made sudden progress in clearing a…
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