Search For "banking"
NBFCs and HFCs to face growth headwinds along with continued funding chall
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 9 (ANI): India Ratings and Research (Ind-Ra) on Monday revised its sector outlook on non-banking finance companies (NBFCs) to negative from stable and maintained its negative outlook on large ticket housing finance companies (HFCs).
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Nifty settles above 11,000 mark, banking stocks gain
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 9 : Equity benchmark indices traded in the green on Monday amid positive gains in global markets and an uptick in banking and financial stocks.
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Democracy increases growth, India needs well-conceived strategy to be 5 tr
Updated : 6 years, 6 months ago IST
Jaipur (Rajasthan) [India], Sept 7 (ANI): Expressing concern over sluggish pace of growth in economy, increasing unemployment, poor investment, distressed farmers and crisis in banking sector, former Prime Minister Dr Manmohan Singh on Saturday stressed the need for adopting 'a well-conce
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Steps to boost lending could increase banking sector risk: Fitch
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 6 (ANI): Risks in India's banking sector may rise as a result of the central bank's steps encouraging more lending to non-bank financial institutions (NBFIs) and retail borrowers, Fitch Ratings said on Friday.
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Wipro bags 7-year contract from ICICI Bank for digital services
Updated : 6 years, 6 months ago IST
Bengaluru (Karnataka) [India], Sep 5 (ANI): IT consulting and business process services company Wipro has secured a strategic seven-year engagement valued at 300 million dollars (about Rs 2,165 crore) from private lender ICICI Bank to provide a comprehensive suite of services.
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Bihar: ICICI Bank donates Rs 5 crore to CM relief fund
Updated : 6 years, 6 months ago IST
Patna (Bihar) [India], Sept 4 (ANI): ICICI bank's Government Banking Business Country Head Saurabh Kumar Singh presented a cheque of Rs 5 crore towards the Chief Minister Relief Fund on Wednesday.
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CPI-M opposes merger of banks, says it is meant to facilitate privatisati
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The Communist Party of India-Marxist (CPI-M) on Saturday opposed government's decision to merge 10 public sector banks to create four entities and said it is meant to facilitate privatisation of nationalised banking sector.
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PNB, Oriental Bank and United Bank to be merged: Sitharaman
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): The government on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India to create the second-largest banking network in the country with 11,431 branches.
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ICRA sacks MD & CEO Naresh Takkar over allegations of misconduct
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): ICRA Ltd has ousted its Managing Director and Group Chief Executive Officer Naresh Takkar, nearly three months after the Securities and Exchange Board of India (SEBI) received an anonymous complaint alleging misconduct at the credit rating agency under him.
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Stakeholder to brainstorm over need for 'New Age Economic Regulators' in N
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 28 (ANI): To discuss the role of regulators in changing economic environment and reforms envisaged for the power sector, key stakeholders from different sectors such as power, oil and gas, housing, telecom, banking and insurance will be coming together in Delhi on Augu
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Altico Capital Ltd. completely exits from the IT-SEZ project in Hyderabad'
Updated : 6 years, 7 months ago IST
Mumbai (Maharashtra) [India] August 21 (ANI/BusinessWire India): Altico Capital India Limited, a Non-Banking Financial Company (NBFC) promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners headquartered in Mumbai, India, today announced their complete exit from realt
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Centre removes DRR requirement for listed companies, HFCs, NBFCs
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 19 (ANI): The Ministry of Corporate Affairs on Monday amended the Companies Share Capital and Debentures Rule by removing debenture redemption reserve (DRR) requirement for listed companies, Housing Finance Companies (HFCs) and Non-Banking Finance Companies (NBFCs).
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