Personal finance

The debt-struck YES Bank is struggling with liquidity issues and is seeking to raise billion by issuing fresh equity and weighing a number of offers.Amid buzz that the SBI may come to the aid of YES Bank, chairman of India’s largest bank…
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According to reports, the government is mulling a re-introduction of the Financial Resolution and Deposit Insurance Bill, which may address such issues. (Reuters)Asia’s richest banker Uday Kotak says that common sense and and…
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The third-largest pure play mortgage player is the first non-banking financial company or housing finance company to face the corporate insolvency resolution process. (Reuters)The Reserve Bank of India-appointed administrator of the…
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The RBI on September 19 commenced statutory inspection of the bank on its financial position as on March 31. (Reuters)The inspection report on the financial position of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank as on…
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These CRAs had given IL&FS the highest rating of AAA, even when its subsidiary, IL&FS Transport Networks, defaulted in June. (Reuters)After getting it badly from markets watchdog Sebi, credit rating agencies (CRAs) whose role in…
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Home financiers have collectively lent around Rs 47,900 crore to builders as of June 2019 up from Rs 12,770 crore in June 2016.  The loss of public sector banks’ share in credit market, especially the realty sector, has been the gain for…
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SBI General Insurance, which is a joint venture with Insurance Australia Group, has to “mature” and will await the valuation to touch Rs 50,000 crore, Rajnish Kumar said.SBIchairman Rajnish Kumar on Tuesday said it will take up to three…
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“Comments with respect to Yes Bank are made by other bankers and reflect their views, not ours,” Kotak Mahindra Bank told CNBC TV18.After India’s largest PSU lender State Bank of India’s Chariman Rajnish Kumar suggested that Kotak…
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The report stated that digital lending which was estimated at Rs 2.7 lakh crore as of March 2019, is forecast to increase to Rs 15 lakh crore by FY24, representing 16 per cent of retail lending. (Reuters)The retail loan book of…
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The largest bank of India – SBI – has also received the highest number of such complaints, comprising nearly half of the total complaints received against 18 PSU banks.The PSU banks in India received more than 1.2 lakh complaints in only…
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