RBI flags post-covid challenges for banks

New Delhi, Dec. 30 -- Lenders should brace themselves for a tough time once the policy support given during the pandemic is withdrawn, the Reserve Bank of India (RBI) said, warning of a deterioration ... Read More

Atanu Chakraborty likely to be next HDFC Bank chairman

MUMBAI, Dec. 29 -- Former economic affairs secretary Atanu Chakraborty is likely to be the next chairperson of the country's largest private sector lender HDFC Bank, said one person aware of the matte... Read More

Oaktree sweetens DHFL bid further

New Delhi, Dec. 25 -- Oaktree Capital has upped its offer for Dewan Housing Finance Ltd (DHFL) by Rs.1,700 crore on Thursday, intensifying a protracted bidding war with Piramal Capital and Housing Fin... Read More

Focus on raising cash: Das to banks

New Delhi, Dec. 24 -- Reserve Bank of India (RBI) governor Shaktikanta Das asked top executives of commercial banks to raise capital to help strengthen their lending capacity and proactively set aside... Read More

Tough balancing act handicaps MPC

New Delhi, Dec. 18 -- Nurturing the economic green shoots amid soaring inflation complicated the decision-making for the Reserve Bank of India's monetary policy committee (MPC), which ultimately voted... Read More

RBI says Kotak Mahindra can't pay dividend on preference shares

MUMBAI, Dec. 18 -- The Reserve Bank of India (RBI) has barred Kotak Mahindra Bank from paying dividend on perpetual non-cumulative preference shares (PNCPS) worth '500 crore that it sold in 2018 to co... Read More

ARCIL, Authum and 3 others bid for Reliance Home Finance

New Delhi, Dec. 17 -- Lenders to Reliance Home Finance Ltd, part of the debt-ridden Anil Dhirubhai Ambani Group (ADAG), have received bids from five entities, two bankers aware of the matter said. Ass... Read More

Lenders to sell up to Rs.5,000 cr stressed retail loans in Jan-Mar

New Delhi, Dec. 16 -- As much as Rs.5,000 crore of retail loans could be sold to buyers of distressed assets by banks in the March quarter, three bankers aware of the matter said, as the severe econom... Read More

Axis Bank denies allegations on Srei Group exposure

MUMBAI, Dec. 15 -- Private sector lender Axis Bank on Tuesday said it followed underwriting practices and approval processes while extending loans to Srei Equipment Finance Ltd and Srei Infra Finance ... Read More

Oaktree Cap emerges highest bidder for Dewan Housing

New Delhi, Dec. 15 -- Global alternative asset investor Oaktree Capital Management has emerged as the highest bidder for bankrupt Dewan Housing Finance Corp. Ltd (DHFL), beating Adani Enterprises Ltd ... Read More