Banking & Finance – Financial Freedom

Crif report: Bengal, Assam, Odisha confront repayment stress in microloans

Financial Freedom — Fri, 12 Mar 2021 03:01:47 +0000

The early delinquencies rate in microloans remained 6% higher than the pre-pandemic level during the third quarter of this fiscal, although it improved by over 7% from the second quarter.

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Nitesh Ranjan assumes charge as Union Bank ED

Financial Freedom — Thu, 11 Mar 2021 03:01:41 +0000

Prior to this, he was chief general manager, responsible for steering various goals of the bank, including end-to-end digitisation, according to a statement.

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City Union Bank chief expects total recast at around 5-6%

Financial Freedom — Tue, 09 Feb 2021 03:00:45 +0000

Private sector lender City Union Bank (CUB) said the bank has identified accounts worth Rs 1,037 crore for restructuring during the fourth quarter of the current fiscal.

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RBI unveils risk-based internal audit guidelines for select NBFCs, UCBs

Financial Freedom — Thu, 04 Feb 2021 03:01:40 +0000

The regulator also specified that RBIA policy shall clearly document the purpose, authority, and responsibility of the internal audit activity, with a clear demarcation of the role and expectations from risk management function and risk -based internal audit function.

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Dhanlaxmi Bank appoints JK Shivan as MD & CEO

Financial Freedom — Wed, 27 Jan 2021 03:05:55 +0000

Dhanlaxmi Bank said on Tuesday that the resolution to appoint JK Shivan as the next managing director and CEO of the bank was passed with an overwhelming majority of 99.81%.

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India’s payments space to mature, says Paytm founder & CEO Vijay Shekhar Sharma

Financial Freedom — Wed, 20 Jan 2021 03:03:20 +0000

While the cumulative opportunity was enormous and while it would be ‘fancy’ to count the number of payments transactions, all players he said would worry about whether they can monetise the customer base.

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Arun Alagappan resigns as Chola MD

Financial Freedom — Tue, 19 Jan 2021 03:04:49 +0000

Alagappan will be relieved from the services of the Chola effective February 14, 2021, the company said in a stock exchange disclosure.

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HDFC Bank Q3 net rises 18% y-o-y

Financial Freedom — Sun, 17 Jan 2021 03:11:53 +0000

HDFC Bank on Saturday reported an 18% year-on-year (y-o-y) growth in net profit for the quarter ended December to Rs 8,578 crore on the back of a 15% y-o-y rise in net interest income (NII) to Rs 16,317.6 crore, with non-interest income growing 11.6% y-o-y. The bank’s non-bank subsidiary posted a loss during the quarter. […]

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RBI for more measures to improve governance at banks, NBFCs: Shaktikanta Das

Financial Freedom — Sun, 17 Jan 2021 03:11:53 +0000

“A good governance structure will have to be supported by effective risk management, compliance functions and assurance mechanisms.”

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DHFL FD holders plan to vote against resolution on distribution mechanism

Financial Freedom — Sat, 09 Jan 2021 03:02:06 +0000

Vinay Kumar Mittal said FD holders, barring those in Rs 2 lakh bracket, are going to lose maximum amount of money as their recovery is not defined in the plan.

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