The Economic Times
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| 26 November, 2020, 11:10 PM IST | E-Paper

    Atmadip Ray

    Assistant Editor, ET

    Journalist with two decades of experience. Primary focus is on banking and financial issues. Studied Economics at Delhi School of Economics. Other interest ranges from photography, nature to sports. ...

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    Stories by the author

    Bombay HC refuses to stay merger of Lakshmi Vilas Bank, DBSWhy HNI investors are looking to flee Srei Group-issued bondsEuphoria waning, NBFCs are now wondering if becoming banks is worth itLVB to become DBS Bank India, cash withdrawal allowed from Friday
    RBI rejects Muthoot Finance's proposal to acquire IDBI AMCPNB customers complain TDS deduction on every cash withdrawalAxis, ICICI, Kotak may have to form non-operative financial holding companiesPrivate-sector lenders may have to float NOFHC if they intend to own more than 20% in insurance or mutual fund businesses
    Bandhan Bank to continue with its holding companyAs special audit of Srei Infra Finance begins, it's déjà vu for banks and fixed income marketIn times of social distancing, most Indians stay away from cash purchases this DiwaliDid the RBI just spell good news for IndusInd Bank?
    Bajaj Finance, M&M Financial may be front runners to become banks if RBI accepts suggestionsRBI unlikely to change stance in LVB-DBS mergerThe reasons behind the fall of Lakshmi Vilas BankLakshmi Vilas Bank shareholders may not get anything from DBS deal
    RBI proposes merger with DBS Bank as possible solution to Lakshmi Vilas Bank's capital woesSmriti Mandhana becomes the brand ambassador of Equitas Small Finance BankSatin Creditcare Network Q2 results: Net profit falls 70% to Rs 16 croreManappuram Finance forecasts loan growth at 20%
    Bajaj Allianz LI, others to reduce stake in ESAF SFB for IPOHome loans beat five-month lull, see double-digit growth between September and OctoberBhasin warns Clix can walk away if LVB talks go on and onICICI Bank's retail home loan portfolio crosses Rs 2 lakh crore
    Unpaid dues from previous months may keep credit cost higher for MFIsLakshmi Vilas Bank makes its stance clear to Clix group on Religare deposit caseUjjivan Small Finance Bank Q2 Results: Profit up marginally, collection efficiency improvesSignificant progress in proposed merger with Clix Group: Lakshmi Vilas Bank
    Indian Overseas Bank to not raise capital before April next yearNBFCs with substantial systemic risks must be subjected to higher degree of regulation: RBI DGFraud at Sambandh Finserve happening for past 8 years, E&Y says in draft reportRBI Guv Shaktikanta Das chaired SAARC FINANCE Governors’ Group, member nations discussed current initiatives
    MFIs  require about Rs 8,500-10,000 crore for keeping growth intact: ICRAPNB Q2 results: Profit falls 18% to Rs 621 croreBandhan Bank prunes Covid-related risk projections with better repayment collectionCEO says PNB Housing has capital for six months
    RBI board mulls future course for weaker banksLenders consider taking control of fraud-hit Sambandh FinservePNB Housing Finance Q2 results: Net profit dips 15% to Rs 312 croreSequoia Capital and Faering Capital pump in $35 million in Finova Capital
    COVID-19 to erode 3 yrs of fiscal consolidation gains of states: RBIUco Bank explores every option for capital raisingFestive sales: Covid-induced shift to ecommerce hits instant bank discounts for consumersCFO, three others allege fraud at Sambandh Finserve
    Equitas mulls merger with NBFC to pare promoter stakePNB to raise Rs 1,500 cr via bonds; total capital raising plan pegged at Rs 14,000 crMPC to focus on growth, expectation on rate cut back on tableLakshmi Vilas Bank gets non-binding offer from Clix Group
    Nabard to offer 18 months refinance to smaller NBFC, MFIs under special liquidity schemeBandhan Bank's collection efficiency improves in SeptemberCentral Bank of India to get strict against non-performing employeesIndia's GDP can go back to FY20 level if govt comes out with Rs 10 lakh crore stimulus package: Pronab Sen
    Markets, Rural and International Experts: Meet the three newly appointed MPC membersRaise taxes on the rich and spend the proceeds on people who require state support: Joseph StiglitzBandhan Bank plans giant leap into retail lending as part of its evolution as universal bankDiligent borrowers need to be kept away from credit flow-slowing loan waiver politics
    Risk aversion, fall in lending rates to hit bank profitsDhanlaxmi Bank shareholders reject appointment of Sunil Gurbaxani as CEOLakshmi Vilas Bank forms a committee to take merger talks forward with Clix CapitalBandhan Bank strengthens leadership team, ropes in ex-Bajaj Capital CEO as digital head
    Bandhan Bank announces Rahul Parikh as its digital head to spearhead digital banking businessRBI may pick Lakshmi Vilas Bank CEO from names given by bankCrisis-ridden Lakshmi Vilas Bank's capital requirement may have spiked post-CovidLVB crisis deepens as shareholders vote out current management
    Lakshmi Vilas Bank directors lacked accountability: Advisory firmAs digital pay opens up, so do banking fraudsIDFC First, others may pare stake in Suryoday SFBCPI should continue as the anchor for monetary policy and interest rate decisions: RBI paper
    RBI says it has no information on loans of top 100 wilful defaulters written off by banksState Bank of India planning to monetise its integrated digital banking platform YONOReserve Bank of India looks to sort out e-KYC matter for non-bank lendersCyber security: Robust cyber infrastructure pivotal for India's digital economy push
    PMI is not a proxy to IIP: CARE RatingsBandhan Bank appoints Kumar Ashish to head Emerging Entrepreneurs Business verticalReserve Bank to offer employees option to switch from CPF scheme to pension schemeConcerns over policy benchmark surface again with sticky consumer price index
    Substantial due diligence for Clix deal done: LVBRBI should not hesitate to offer greater regulatory forbearance if need be: SS MundraSFBs' growth to more than halve to 10-15% in FY21: IcraIndian Bank to raise Rs 2,000 crore via AT1 bonds
    Asirvad Microfinance raises Rs 220 crore from  Invest in Visions GmbHArcelorMittal, Dastur set to research on solution for carbon captureSBI includes Covid-19 treatment under medical insurance scheme for retired employeesReligare in talks to divest majority stake in lending arm
    SBI raises Rs 4,000 crore in additional tier 1 bondsState-run lenders pin hopes on festive season to drive demandRBI guidelines creating difficulties for MFIs: Sa-DhanPNB Housing Finance set to lay off about 5-7% of its employees
    Satin Creditcare Q1 results: Net profit drops 69% YoY to Rs 13 croreUniversal Sompo Q1 results: Net profit grows 165% to Rs 46 crore as gross premiums rise 17%Consumer finance rebounds with buying unlockedLenders hope their loans will be repaid in full after Reliance-Future Group deal
    State Bank of India and Bank of Baroda grab the biggest pie of Jan Dhan outstandingHere's how microloan repayment is likely to look like after end of moratorium on August 31Satin Creditcare's rights issue oversubscribed even as SBI-promoted fund doesn't take part
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