Finance News

Liquidity-starved DHFL stops recent deposits, untimely withdrawals

Liquidity-starved Dewan Housing Finance Ltd (DHFL) has stated it received’t enable untimely withdrawals of its deposits, with quick impact, as a way to reorganise its legal responsibility administration. The housing finance firm has additionally stopped accepting recent public deposits and renewals of current deposits. On Friday, the corporate’s credit score rating was downgraded by Brickwork …

Finance News

RBI not in favour of offering particular credit score window to NBFC sector

The Reserve Financial institution of India isn’t in favour of offering particular credit score window to the NBFC sector to tide over the liquidity crunch because the money crunch phenomenon isn’t systemic, mentioned sources. Trade gamers and authorities think-tank NITI Aayog made a case for giving particular credit score window for non-banking monetary firms (NBFCs) …

Finance News

PNB may take management of OBC, Andhra Financial institution, Allahabad Financial institution: Studies

Punjab Nationwide Financial institution (PNB) may take management of two or three small state-run banks, that might embody Oriental Financial institution of Commerce, Andhra Financial institution and Allahabad Financial institution, two sources conversant in the state of affairs instructed Reuters. New Delhi has been making an attempt to merge smaller regional state-run banks with higher …

Finance News

Company Financial institution plans to trim slippages by 50% to Rs 4000 crore in FY20

Company Financial institution, which was in February this 12 months taken out of Reserve Financial institution of India’s immediate corrective motion (PCA) framework, has stated it might scale back slippages to as much as Rs four,000 crore within the monetary 12 months ending March 2020. Slippages, or customary property turning into dangerous loans, have been …

Finance News

BoB appears to rationalise 800-900 branches, to spice up operational effectivity

State-owned Financial institution of Baroda (BoB) is contemplating the choice of rationalising 800-900 branches throughout the nation to enhance operational effectivity, following its merger with Dena Financial institution and Vijaya Financial institution. The merger of Dena Financial institution and Vijaya Financial institution with BoB grew to become efficient from April 1. It doesn’t make sense …

Finance News

Chanda Kochhar, husband seem earlier than ED in ICICI Financial institution mortgage fraud case

Former ICICI Financial institution CEO Chanda Kochhar on Monday appeared earlier than the ED in reference to an alleged financial institution mortgage fraud and cash laundering case registered towards her. Kochhar arrived earlier than the Enforcement Directorate’s workplace right here in Khan Market shortly earlier than her scheduled look time of 11 am, official sources …