Affirms Issuer Default Ratings for seven banks including these four and Bank of India, Canara and PNB

On April 27, the RBI had introduced the Rs 50,000-crore liquidity line for the MF industry

Capital infusion to be supported by IDFC limited, ICICI Prudential Life, HDFC Life, Warburg Pincus and Bajaj Allianz

The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures for industry

Dhawan will assume charge from Saturday in place of Ashish Agarwal, the current chief risk officer, who will be transitioning to a new role in the bank

The meetings were also attended by deputy governors and other senior officers of the central bank, RBI said in a statement on its website

Relaxation likely on branch audit as Guv meets bankers

The number of NPA accounts rose from 2,08,035 as of March 31, 2014, to 6,17,306 as of December 2019

The RBI cancelled the licence of CKP Co-op Bank on April 28, and notified the cancelletaion on its website on Saturday. There it also said that deposits up to Rs 5 lakh are guaranteed by the DICGC

Suggestions from various quarters, including from Indian Banks' Association, have come for the further extension of moratorium and the RBI is actively considering them, according to sources.

Economic slowdown hits activity, adding fuel to the fire

Axis' credit costs for the quarter ended March 31, 2020 are higher than anticipated, but some of it is precautionary

Private banks put up a better show than other card financiers

Debt of Centre and states combined is over 70% of GDP already; country is currently just a notch above junk

The outstanding portfolio of private banks in the credit card space has increased by 59 per cent year-on-year while other issuers saw a 20 per cent growth in 2019 over 2018.

Considers 25 fresh credit proposals from shadow banks

The lender had psoted a pre-tax loss of Rs 2,338.31 crore in the same quarter of previous financial year

There is a facility of standby line of credit for MSMEs as well as PNB COVID-19 Emergency Credit Facility (PNB-CECF), the bank said

The State Bank of India (SBI) has introduced a special deposit scheme for senior citizens with a higher interest rate

Bank sets aside Rs 334 cr for expected penalty for SLR breach

The company offers its retail customers housing and non-housing loans

Rana Kapoor and his family members allegedly got benefits worth Rs 4,300 crore through the companies controlled by them as kickbacks for sanctioning huge loans, the ED has alleged.

The Covid-19 crisis is expected to have a heavy impact on the economy and many corporates have been cutting salaries. Some have also retrenched staff, with the unorganised sector being hit the most. The unemployment rate in India touched 27 per cent in the week to May 3, according to think-tank CMIE.

The SBI official said the employee was not attending office for the last 8-10 days and was later found to have contracted the deadly virus.

Union Bank of India announced reduction in its MCLR up to 15 basis points across all tenors, effective May 11. Overnight MCLR has been reduced by 15 bps to 7.15 per cent from 7.30 per cent and one-month MCLR by 10 bps to 7.25 per cent.

“Anyone who has not been able to pay because of the moratorium, we have taken care to not report them to rating agencies,” Yes Bank managing director Prashant Kumar said. “Customers cannot be penalised for that.”

​​​The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.

A `Bad Bank' is being touted as the panacea for industry’s ills, yet again.

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity

The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties

RIL's 35.2 million tonnes a year SEZ refinery processed 2.51 million tonnes of crude oil into fuel in March, a drop of 24 per cent year-on-year

The Rupee is finding resistance around 77.06 and upside momentum will continue above that level

The crude oil situation has made investors running for cash and dumping commodities

Earlier the strawberry growers here had to suffer losses following a hailstorm, now that the markets are shut, the strawberry produce is yet to be sold

Demand continues to remain high, as harvesting and shipping issues hamper supplies

Farmers hold on to stocks due to great demand for high-quality Indian produce

Normally, farmers anticipate a huge bump in demand during the February-May season due to weddings and other such occasions

Record high local prices, coupled with short-term pressure on household finances, could encourage people to sell gold

Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years

Investment demand, though lower by 17%, was relatively better as sentiments towards equities turned negative and investors turned to gold's liquidity and safe haven status

For the month ahead mustard prices are expected to head towards Rs 4,400

Silver on the hourly chart is trading in a symmetrical triangle pattern with a breakout above 43,300 and breakdown below 42,200

So far, initial exports are estimated to be of the tune of Rs 600 crore which is minuscule compared to the polished diamond inventory

The industry would like to commence operations at the earliest to avoid cancellation of pending orders

Zero making charges may not work any more; store sales to be impacted as consumers buy online

Nickel took support around 900 and then bounced back till 932

Many schools across Nepal have made it mandatory for students to learn Mandarin lured by the Chinese government's offer to cover salaries of teachers who teach the language, a media report said on Saturday.

All private universities in Uttar Pradesh will now have to give an undertaking to the government, saying that their campuses will not be allowed to be used for "any anti-national activity", a new ordinance says.