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Latest Articles in Banking Finance
Italy Bank Showdown Looms In Test For European Consolidation
The bid needs the approval of at least 50% of UBI investors plus one share to be valid, a control threshold which the ECB cleared earlier this month.
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Central Bank's Net Loss Down To Rs 1,121 Crore In Fy20
Total income for FY20 increased to Rs 27,200 crore as compared to Rs 25,052 crore in FY19, marking a growth of 8.57 per cent.
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Lebanese Finance Official In IMF Talks Resigns Post
Alain Bifani is the second member of Lebanon's team at the IMF talks to resign this month. The finance ministry confirmed his resignation in a statement.
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Sebi Extends Deadline For Comments Till July 15: Social Stock Exchange Report
Social Stock Exchange (SSE) is a novel concept in the country and such a bourse is meant to serve private and non-profit sector providers by channelling greater capital to them.
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Axis Bank Shares Tank Over 5 % After S&P Rating Cut
The agency said economic conditions have turned adverse for Indian banks due to COVID-19 and drastic efforts to curtail the spread of the virus have resulted in a sharp economic contraction.
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Axis Bank Shares Tank Over 5% After S&P Rating Cut
The stock plunged 5.21 per cent to Rs 402.90 on BSE. On NSE, it tanked 5.29 per cent to Rs 402.35.
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Axiscades Appoints US Aerospace Veteran David Walker To The Board
Walker brings with him a vast experience in the industry and has led both technical and business development activities for several major aerospace companies.
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IDBI Bank to fetch Rs 595 crore by divesting 27 pc stake in IFLI
Federal Bank's holding will now go up to 30 per cent and Ageas' to 49 per cent, the maximum permissible for a foreign partner in a life insurance venture.
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President Promulgates Ordinance To Bring Co-operative Banks Under RBI Supervision
The Ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks
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Bank Of India Suffers A Loss Of Rs 3,571 Crore In Q4 On Bad Debts
The global net interest margin stood was flat at 2.9 for Q4 FY20 while the cost to income ratio reduced from 59 per cent in Q4 FY19 to 51.6 per cent in Q4 FY.
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RBS To Cut Around A Quarter Of US Jobs
RBS named Robert Begbie as chief executive of NatWest Markets, confirming a role he had held on an interim basis since December.
Read MoreZestMoney Sees Demand For Ed-Tech Loans Doubling During Lockdown
ZestMoney said over 57 per cent of the applicants for upskilling programmes are from tier-3 markets like Wayanad, Vellore, Udaipur, Tawang and Uttarkashi.
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PTC India Financial Services To Disburse Loans Of Rs 485 Crore For Infra Projects
PTC India Financial Service is continuously looking to diversify its portfolio by financing other clean and sustainable initiatives and expecting disbursement of Rs 425 crore from current clearance in a month
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JM Financial Pvt Equity Completes Rs 40 Cr Investment In Isthara Parks
The second tranche infusion in Isthara will be utilised by the company to add another 4,000 to 5,000 beds under executive housing in addition to around 5,000 beds under student housing by the end of current financial year.
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Does Your Investment Portfolio Reflect India’s FDI Policy?
India needs the FDI for generating employment and bolstering its GDP. Reducing domestic ownership limits helps achieve it. But be mindful of whether this change reflects in your investment portfolio.
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