From 2006-13, Honda Cars India sold what is globally called the eighth-generation Civic. It then skipped the ninth-generation, and earlier this year the tenth-generation arrived in India.

SHORT messaging services (SMS) on mobile phones will be restored in Jammu and Kashmir Tuesday midnight, the 150th day since the government suspended it in the erstwhile state.

At the end of the second quarter, the Kolkata-based bank's gross NPAs, in absolute terms, stood at Rs 25,665.14 crore, registering over 12% quarter-on-quarter fall.

The EC said the decision was taken as it was not satisfied with their respective replies to the showcause notices. 

At his meeting with NSA Mohib, Shringla reiterated India’s commitment to “stand with Afghanistan” as it pursues “sustainable peace and reconciliation."

Punjab National Bank (PNB) announced the share exchange ratio for the proposed merger following its board meet on March 5.

India's batting wilted under pressure as a superb Bangladesh bowling attack shot the defending champions out for a paltry 177.

While Bangladesh captain Akbar Ali apologised for the "unfortunate incident", his Indian counterpart Priyam Garg felt it is something that should not have happened.

Manchester City are still in contention in this year's Champions League and face a two-legged tie with Real Madrid in this month's last 16 games.

The panel included Anna Lockwood, Head of Global Sales – Telstra; Sally Hancock, Managing Partner, Y Sport and Former Chair of Women in Sport; Aarti Dabas, former head of Media Rights for the ICC, and iSportconnect Chief Executive Officer Sree Varma.

A member of the holy trinity, that also included Chuni Goswami and Tulsidas Balaram, Banerjee was the last surviving scorer of the 1962 Asiad gold-winning team.

In continuation of the travel advisory issued on March 11 and March 16, the following additional advisory has been issued.

Amidst planes remaining grounded and gloom in the aviation sector due to the coronavirus pandemic, airlines, led by IndiGo, on Friday took to the microblogging site with humorous exchanges.

After not being able to fly during the nationwide lockdown, Airline companies entertain Twitteratis with an interesting word play on Twitter.

The Federal Communications Commission voted on Thursday to regulate broadband Internet service...

HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs...

At that price, the IPO would surpass the offering of former national carrier Nippon Telegraph & Telephone in 1987.

Deutsche Bank chief executive officer Christian Sewing was there to give the annual pep talk to his top executives.

SoftBank has set an indicative price of 1,500 yen ($13.23) per share for its initial public offering (IPO), a regulatory filing showed on Friday, making the deal worth 2.4 trillion yen ($21.16 billion) in one of the world’s biggest-ever listings.

For the Federal Reserve, 2019 has started out looking a lot like 2016: The last time uncertainty over global growth roiled financial markets for months on end.

RBI clarified that any amount that is not used within the given time frame would attract a penal interest – the prevailing policy repo rate plus 200 basis points for the number of days the money remained unused.

Loans and advances grew 60% year-on-year during 2019-20, from Rs 44,776 crore in March 31, 2019. Its total deposits grew 32% y-o-y to Rs 57,073 crore during the fiscal ended March, 2020. The bank had total deposits of Rs 43,232 crore as at end of March 2019.

The Yes Bank crisis, coupled with the coronavirus outbreak, may have some dire impact on India’s smaller private sector banks.

In 2017-18, the RBI permitted several PSBs under the prompt corrective action (PCA) framework to buy back AT-1 securities and lower the risk of a trigger event occurring under Basel-III rules.

Direct Benefit Transfer (DBT) to the poor and vulnerable section of society, hit hard by the coronavirus outbreak and the consequent lockdown, is providing financial support for sustaining during these difficult times.

According to dealers, firms like Reliance Industries (RIL), NABARD, and Tata Steel are likely to hit the bond market on Thursday with an intention to raise a cumulative Rs 15,000 crore.

Private banks are also understood to be entertaining requests for a moratorium as some of them have exposure to microfinance borrowers themselves and have a good sense of the market.

"Since March 15, our volumes on outward remittance services have increased many fold. There is a significant difference in before-and-after demand since mid of March," said Praveen Kutty, Head of Retail and SME Banking, DCB Bank without quantifying the increase in demand.

Banks are required to hold LCR which is 100 per cent equivalent of projected cash outflows during the 30-day stress scenario.

Earlier, the Business Correspondent Federation of India (BCFI) had said that while the BCs were offering services of cash withdrawal, very few are depositing money in the wake of the current lockdown.

Ananth Narayan, professor-finance at SPJIMR, believes that while TLTRO 2.0 is welcome, it does not address the core issue.

It appreciated HDFC Bank's comfortable capitalisation, strong earnings, regular capital raising to fund above-average growth and the "best" asset quality in the system.

Jagdishan and Bharucha are the internal candidates and have been serving the bank for many years each, while Garg is working with American bank Citi at present.

S&P Global Ratings on Saturday affirmed HDFC Bank’s issuer credit rating at BBB-/Stable/A-3 and senior unsecured rating at BBB-, adding that the lender’s rating will move in tandem with that of the sovereign.

The bank saw the fallout of the lockdown in the second half of March, with loan origination and cross-selling of other products slowing down, the management said.

The new provisioning requirement has to be made for the March and June 2020 quarters and this will impact their profitability in 2019-20 and 2020-21.

Kotak Mahindra Bank, which has revised interest rate on daily balances in savings account multiple times over the past year or so, has again made a change.

To tackle the current crisis arisen from the COVID-19 outbreak and the consequent nationwide lockdown, the government and the RBI have announced many measures to ease the stress of businesses. 

In a recent report, global ratings agency Standard & Poor's had said Kotak Mahnidra Bank can weather the challenges that will be posed by the infections and affirmed its rating on the lender.

This novel facility offers customers yet another way to connect with their bank from home at a time when they are advised to stay indoors in the wake of the nationwide lockdown, ICICI Bank said in a release.

Market is viewing the fund-raising announcement in a positive light as the lender’s move to build up capital reserves is being seen as a sensible move at a time of uncertainty.

The loan moratorium, as suggested by the Reserve Bank of India (RBI) last month and subsequently implemented by various lenders across the country, might be able to provide some temporary relief for now but could also play a hand in changing the credit landscape of the banking sector.

The percentage of applicants is in low single digit as a share of the loan book, the bank said, but this could go up as it has not put a deadline or a cut-off for people to apply.

The regulatory norms with respect to provisioning and asset recognition are uniform for Indian banks’ domestic and foreign exposures.

Loan waiver schemes for agricultural loans introduced by some of the state governments may also help reduce stress to some extent.

The Wadhawan brothers are accused in the YES Bank-DHFL fraud cases. The DHFL (Dewan Housing Finance Limited) group has a loan amount of about Rs 3,700 crore taken from Yes Bank that is under "stress".

Experts say more borrowers are likely to line up for emergency credit from banks as many businesses will be hit by the slump in demand and zero footfall in the market in the wake of the pandemic.

The tenor of Sidbi’s lending to financial institutions will be 90 days. MSMEs have been cash-starved for a few years and the lockdown to control the spread of Covid-19 is a body blow to their revenues.

The other financial institutions who had come to Yes Bank’s rescue in May continue to hold on to their stakes, with State Bank of India (SBI) holding a 48.21% share.