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Latest Articles in Banking Finance

Axis Bank To Close British Subsidiary, Focus On Indian Business

Axis Bank UK Limited is not a material subsidiary of the bank in terms of the listing regulation and the decision will not have any material impact on the operations or the financial position of the bank

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India's NBFI Liquidity And Asset-quality Risks Remain Elevated: Fitch

These risks revolve around liquidity and asset quality in particular and reflect the impact of the coronavirus pandemic on borrowers' repayment capabilities as well as the effects of the moratorium on collections

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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.

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ZestMoney 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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