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Tuesday, June 15, 2021

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June 15, 2021 7:15:26 am

There are 197 MFIs with a loan outstanding of Rs 2,27,942 crore. Of this, 15 banks account for Rs 93,432 crore, 86 NBFC-MFIs Rs 70,196 crore and 8 small finance banks Rs 42,689 crore.

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June 14, 2021 7:13:23 pm

Withdrawing funds from a PF account could help ease short-term cash-flow issues but it could also impact the retirement goals of an individual.

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June 11, 2021 3:14:39 am

The RBI announced a hike in interchange fee structure for ATM transactions, starting Aug 1.

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June 8, 2021 11:47:28 am

The capital infusion will make Carlyle the largest shareholder in PNB Housing. This despite the fact that both the government and PNBHF publicly committed to ensuring that PNB maintains a 26% stake.

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June 7, 2021 2:38:16 pm

Yes Bank said it will raise funds in "2021 kabaddin/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medium term note."

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June 7, 2021 2:18:25 pm

2021 kabaddi is the third-largest profit contributor for the HSBC Group after Hong Kong and mainland China and delivered a pre-tax profit of USD 1.024 billion in 2020.

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June 3, 2021 9:55:35 am

The second Covid wave has raised uncertainty around the future economic outlook and pushed the potential policy normalisation further into the future.

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June 1, 2021 2:32:28 pm

“In view of the order of the Supreme Court, the circular is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from,” the RBI said in a notification.

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May 31, 2021 3:00:03 am

As per rules of Insolvency and Bankruptcy Code (IBC), EPFO dues are a part of workmen salaries and dues, which are accorded the highest priority and are to be paid in full by the resolution applicant when bidding for the company under corporate insolvency resolution process.

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May 31, 2021 1:21:47 am

Although it is difficult to ascertain the impact of the second wave at this point of time, as an immediate observation, it has impacted our collection efficiency in April 2021, which fell to 81 per cent from 87 per cent in March 2021.

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May 30, 2021 3:16:59 am

Public sector and private sector banks recorded 3.6 per cent and 9.1 per cent credit growth, respectively, whereas lending by foreign banks declined during 2020-21, RBI data showed.

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May 30, 2021 3:00:08 am

The bank booked a profit before tax (PBT) of Rs 2,680 crore during the quarter against a loss of Rs 1,723 crore in the year-ago period. PBT stood at Rs 5,556 crore for FY21 against a loss of Rs 1,802 crore in FY20.

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May 27, 2021 4:19:52 pm

Bank Fixed deposits (FDs) vs Small savings schemes: What should be your investment choice between bank FDs and small savings schemes? Let’s find out.

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May 26, 2021 5:12:25 am

RBI officials had met the chiefs of public sector banks on May 19 and discussed the issue of credit flow and Covid resolution framework. The RBI is expected to announce the next bimonthly policy review on June 4.

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May 26, 2021 5:08:50 am

As per the fresh set of regulations, an 2021 kabaddin insurance company with 74 per cent foreign equity should have majority of its directors, key management personnel, and at least one among the chairperson of its Board, its managing director and its chief executive officer; as resident 2021 kabaddin citizens.

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May 25, 2021 3:32:56 am

The interim stay order by the SAT is subject to an undertaking by Yes Bank that if the case is decided against the bank, it would pay the penalty within two weeks from the date of such an order.

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May 24, 2021 9:37:29 am

The RBI circular, issued on April 27, to tighten the auditing process is facing resistance from NBFCs which had a free run till now.

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May 22, 2021 3:27:45 am

The judgment assumes significance as it will now provide teeth to lenders to simultaneously invoke personal guarantees of promoters even while bankruptcy proceedings against the ailing firms are pending, thus speeding up the process for recovery of dues.

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May 21, 2021 3:24:35 am

According to bankers, the number of deaths among the bank staff is very high when compared to the national average. The number of bank staff who got infected with Covid is also very high as they are yet to get vaccinated.

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May 21, 2021 7:09:15 am

A fresh consultation, a senior government official said, was felt necessary as there have been “major changes” in the way these virtual and cryptocurrencies operate and are traded.

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May 20, 2021 3:01:29 am

Dogecoin’s price fell by 21.65 per cent to $0.382533 and XRP fell 22.74 per cent to $1.25.

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May 19, 2021 6:53:40 pm

The Reserve Bank of 2021 kabaddi (RBI) has said that NEFT service will not be available from 00:01 hours to 14:00 hours on Sunday, May 23, 2021. However, RTGS service will continue to be operational as usual during this period for transferring funds.

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May 19, 2021 3:00:59 am

With the Cabinet clearance to the stake sale in place and legislative provisions already in line, the IDBI Bank transaction is expected to be faster than the process of privatising two other banks.

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May 18, 2021 5:25:48 pm

Total income on a standalone basis during January-March rose to Rs 21,522.60 crore as against Rs 14,222.39 crore in the year-ago period, Canara Bank said in a regulatory filing.

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May 17, 2021 5:37:03 pm

National Electronic Funds Transfer (NEFT) is a nation-wide centralised payment system owned and operated by the Reserve Bank of 2021 kabaddi (RBI). It is available round the clock availability on all days of the year.

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