The Economic Times
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| 27 November, 2020, 12:09 AM 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

    Lakshmi Vilas Bank  writes down tier 2 bonds worth Rs 320 croreBombay 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 it
    LVB to become DBS Bank India, cash withdrawal allowed from FridayRBI 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 companies
    Private-sector lenders may have to float NOFHC if they intend to own more than 20% in insurance or mutual fund businessesBandhan 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 Diwali
    Did 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 Bank
    Lakshmi Vilas Bank shareholders may not get anything from DBS dealRBI 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 crore
    Manappuram 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 on
    ICICI Bank's retail home loan portfolio crosses Rs 2 lakh croreUnpaid 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 improves
    Significant progress in proposed merger with Clix Group: Lakshmi Vilas BankIndian 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 report
    RBI Guv Shaktikanta Das chaired SAARC FINANCE Governors’ Group, member nations discussed current initiativesMFIs  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 collection
    CEO says PNB Housing has capital for six monthsRBI 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 crore
    Sequoia Capital and Faering Capital pump in $35 million in Finova CapitalCOVID-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 consumers
    CFO, three others allege fraud at Sambandh FinserveEquitas 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 table
    Lakshmi Vilas Bank gets non-binding offer from Clix GroupNabard 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 employees
    India's GDP can go back to FY20 level if govt comes out with Rs 10 lakh crore stimulus package: Pronab SenMarkets, 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 bank
    Diligent borrowers need to be kept away from credit flow-slowing loan waiver politicsRisk 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 Capital
    Bandhan Bank strengthens leadership team, ropes in ex-Bajaj Capital CEO as digital headBandhan 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-Covid
    LVB crisis deepens as shareholders vote out current managementLakshmi Vilas Bank directors lacked accountability: Advisory firmAs digital pay opens up, so do banking fraudsIDFC First, others may pare stake in Suryoday SFB
    CPI should continue as the anchor for monetary policy and interest rate decisions: RBI paperRBI 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 lenders
    Cyber security: Robust cyber infrastructure pivotal for India's digital economy pushPMI 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 scheme
    Concerns over policy benchmark surface again with sticky consumer price indexSubstantial 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: Icra
    Indian Bank to raise Rs 2,000 crore via AT1 bondsAsirvad 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 employees
    Religare in talks to divest majority stake in lending armSBI 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-Dhan
    PNB Housing Finance set to lay off about 5-7% of its employeesSatin 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 unlocked
    Lenders hope their loans will be repaid in full after Reliance-Future Group dealState 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 31
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