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Latest Articles in Banking Finance

Fintech Needs To Come Up With Innovative Products To Connect More Users: Jayant Sinha

The former Minister of State for Finance said young people are now using Fintech products, but there is a considerable size of middle-aged people who are still potential customers.

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IndusInd Bank To Raise Rs 2,496 Cr Via Preferential Equity Shares

The Finance Committee of the board of directors at its meeting held on September 2, 2020, approved allotment of 4,76,29,768 equity shares of the face value of Rs 10 each at a price of Rs 524 per share on a preferential basis, for an aggregate consideration of Rs 24,95,79,98,432.

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Yes Bank Sells Asset Management, Mutual Fund Businesses To White Oak Investment

Yes Asset Management is the asset management company of Yes Mutual Fund and Yes Trustee is in turn the trustee of Yes Mutual Fund.

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LIC Housing Plans To Raise Rs 50,500 Crore

The non-convertible debentures (NCDs) proposed to be issued by the company for cash may be either at par or premium or a discount to face value, depending upon the prevailing market conditions at the time of issues

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Indian Bank Cuts One-year MCLR Rate By 5 Basis Points

The bank has decided to reduce the MCLR for one-year tenure by 5 basis points to 7.30 per cent effective from September 3, 2020, Indian Bank said in a regulatory filing.

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Banks Have To Be Prudential And Not Reckless In Lending: SBI MD

The comments come days after RBI Governor Shaktikanta Das had asked banks to be more forthcoming on lending, warning that excessive risk aversion can be self-defeating.

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ICICI Prudential Life Launches AI-powered voice chatbot on Google Assistant

This would enable the Company's policyholders to have their queries addressed by simple voice commands such as "Ok Google, I want to speak to ICICI Prudential Life LiGo" or "May I talk to ICICI Prudential Life LiGo".

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Firms In Hospitality, Aviation, Tourism Sectors Likely To Seek Loan Recast: Bankers

There may not be a rush for restructuring from corporates as only those sectors which are having cash flow problems are likely to go in for loan recast to avoid the tag of 'restructured account', bankers opined.

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Banking 2030 – Getting Prepared For The Digital-Only World

AI equips financial institutions with learning and problem-solving capabilities, modernizes their operations and as a result vastly improves their customer experience.

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Indian Economy More Resilient Now Vs Global Financial Crisis, Says RBI Governor

The RBI has so far refrained from providing any official forecast on growth or inflation and is among the few central banks globally not to do so.

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Will Look At Loan Restructuring After End Of Moratorium: SBI MD

'Restructuring of eligible loans will also be considered as and when the moratorium comes to an end at the end of August,' he said, speaking at a conference organised by Dun and Bradstreet.

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Moody's Affirms SBI's Deposit Ratings At 'Baa3'

The downgrade of SBI's BCA to 'ba2' from 'ba1' reflects Moody's view that the bank's asset quality and profitability will deteriorate

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Clear Exit Strategy, Milestones Needed For Fiscal Consolidation In Coming Years: RBI

In 2020-21, fiscal deficit and outstanding liabilities are budgeted at 5.8 per cent and 70.5 per cent of GDP

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SBI Funds Management appoints Vinay Tonse as MD, CEO

SBI Funds Management is a joint venture between the country's largest lender State Bank of India (SBI) and European asset manager Amundi.

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