Personal finance

On December 26, Icra said in a report that bank credit is expected to decelerate sharply to 6.5-7.0% during FY20 from 13.3% during FY19 on account of limited incremental credit growth during the financial year so far.According to the…
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The central bank, in order to bring clarity, is also examining the role and scope of forensic audit along with timelines.The Reserve Bank of India (RBI) on Friday said that steps were being taken to integrate the fraud reporting of NBFCs…
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In FY19, banks had reported 6,801 cases of fraud involving Rs 71,543 crore.Frauds reported by banks during the first half of the current fiscal touched an all-time high amount of Rs 1.13 lakh crore, owing to delay in detection by…
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Regarding liquidity, we have never faced any trouble in raising funds for growth, even at the peak of liquidity stress.Gold loan NBFC Manappuram Financerecorded a second quarter consolidated net profits of Rs 402.28 crore in the current…
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There is no change in the SLBC/ UTLBC convenorship of other states and UTs, it added.The Reserve Bank on Thursday appointed Jammu & Kashmir Bank as the lead banker for the newly carved out union territory of Jammu and Kashmir. State…
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Notably, Allahabad Bank had not featured in the list of banks who were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.State-owned Allahabad Bankon Thursday said it will get a…
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With the concomitant reduction in provisioning requirements, bottom lines improved modestly after prolonged stress and the banking sector returned to profitability after a gap of two years in H1 FY20.After continued stringent efforts by…
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It is also the key metric used to evaluate the staff performance. According to the dealer check at the Maruti Suzuki showroom in Viman Nagar, AXSB, HDFCB, SBI and AUBANK are active in car financing.AUBANK has been navigating well through…
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Uday KotakNoted banker Uday Kotak on Tuesday said the country’s financial system is currently in a Darwinian mode as only the fittest lenders are able to survive.The Managing Director and Chief Executive Officer of Kotak Mahindra Bank…
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September saw one of the biggest cooperatives, the city-based PMC, going belly up after a massive scam.As more and more cooperative banks go belly up, their combined assets nearly halved to 10.6 per cent of the assets of commercial banks…
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