News on the topic

Finance Minister Sitharaman to meet CEOs of PSU banks on Oct 14

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund ...
Wednesday, October 9, 2019

RBI rejects merger of lndiabulls Housing Finance with Lakshmi Vilas Bank

"...this is to inform that RBI vide their letter dated October 9, 2019, informed that the application for voluntary amalgamation of lndiabulls Housing Finance Limited and lndiabulls Commercial Credit Limited with the Lakshmi Vilas Bank (LVB) cannot be approved ...
Wednesday, October 9, 2019

RBI rejects proposed merger of Lakshmi Vilas Bank with Indiabulls Housing Finance

Lakshmi Vilas Bank Ltd said on Wednesday the central bank has not approved its merger with Indiabulls Housing Finance Ltd. Ending months of uncertainty around the proposed merger, the Lakshmi Vilas Bank (LVB) on Wednesday said in a stock exchange ...
Wednesday, October 9, 2019

Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan shot down by RBI

Mumbai: The Reserve Bank of India (RBI) on Wednesday rejected the proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd, scuppering the first ever attempt by a non-bank lender to merge with a bank in the country. “This is to ...
Wednesday, October 9, 2019

RBI Rejects Lakshmi Vilas Bank- Indiabulls Housing Finance Merger Plan

The proposed merger of private sector lender Lakshmi Vilas Bank Ltd. with home financier Indiabulls Housing Finance Ltd. failed to receive approval from the Reserve Bank of India, the bank said on Wednesday in a statement to stock exchanges. “...RBI vide ...
Wednesday, October 9, 2019

China Merchants Bank to get into decentralized finance (DeFi) industry

“By working closely with CMBI, we'll be able to better understand the needs of financial institutions and build blockchain-based applications that solve real-world problems for the entire financial services industry,” Kevin Wang, co-founder of Nervos, told ...
Friday, October 4, 2019

Kerala finance minister Thomas Isaac blames 'mess in GST' for low mop-up

The dwindling goods and services tax (GST) collections, which fell to a 19-month low in September, have triggered a war of words between Kerala Finance Minister Thomas Isaac and the Union finance ministry. Isaac had, on Tuesday, tweeted that the record ...
Friday, October 4, 2019

China Merchants Bank International (CMBI) Partners with Nervos to Develop Decentralized Financial Services

SAN FRANCISCO, Oct. 3, 2019 /PRNewswire/ -- China Merchants Bank International ("CMBI") is partnering with layered blockchain Nervos to jointly develop and launch decentralized applications for financial services. Additionally, CMBI will act as a strategic ...
Friday, October 4, 2019

जाली कागजात के सहारे पास कराते थे फाइनेंस कंपनी से लोन, गैंग बेनकाब Prayagraj News

प्रयागराज, जेएनएन। सिविल लाइंस पुलिस ने जाली दस्तावेजों के जरिए फर्जी फर्म के नाम पर लोन स्वीकृत कराकर पैसे हड़पने वाले गिरोह का राजफाश किया। गिरोह के चार लोगों को गिरफ्तार कर नकली मुहर, आधार कार्ड, पैनकार्ड, चेकबुक बरामद की गई हैं। पुलिस का कहना है कि इनमें एक व्यक्ति एक नेता का करीबी रहा है। सिविल लाइंस थाने में लोन पास कराने के नाम पर धोखाधड़ी का दर्ज था केस. दरअसल, दो महीने पहले अतरसुइया मोहल्ले के राहुल ने सिविल लाइंस थाने में लोन पास कराने के नाम पर धोखाधड़ी और हेराफेरी किए जाने का मुकदमा दर्ज कराया था। सीओ सिविल लाइंस बृज नारायण सिंह के पर्यवेक्षण में ...

P2P lenders knock on Finance Minister's door for easier credit rules

BENGALURU: An industry body for peer-to-peer (P2P) lending platforms has asked the government to intervene to relax credit norms for the sector. The Association for NBFC Peer to Peer Lending Platforms has sought a meeting with finance minister Nirmala ...
Friday, October 4, 2019

Bandhan Bank, Gruh Finance to merge on October 17

KOLKATA: Kolkata-based Bandhan Bank and Ahmedabad-based Gruh Finance said on Friday that all the regulatory hurdles have been overcome for their merger, with the National Company Law Tribunal (NCLT) clearing the scheme of amalgamation.
Friday, October 4, 2019

Personal finance takeaways from RBI's monetary policy

For the fifth consecutive time this calendar year, the Reserve Bank of India (RBI) slashed the repo rate by 25 bps and the reverse repo by 25 bps. This cut is sweeter for new borrowers as banks are supposed to link all new floating rate loans to any of the four ...
Friday, October 4, 2019

Startup Finturi Raises $2.2 Million for Its Blockchain-Based Invoice Finance Platform

Dutch blockchain startup Finturi has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the company tweeted on March 12. Founded in September 2018, Finturi aims to help businesses finance ...
Tuesday, March 12, 2019

Mexican President Contradicts Finance Official on Refinery Delay

Deputy Finance Minister Arturo Herrera told the Financial Times in an interview published on Tuesday that construction of the Dos Bocas refinery in Tabasco, which many analysts see as a poor use of money, will be delayed, with the $2.5 billion designated ...
Tuesday, March 12, 2019

इंजीनियरिंग प्रोजेक्ट्स इंडिया लिमिटेड में असिस्टेंट मैनेजर की वैकेंसी

इंजीनियरिंग प्रोजेक्ट्स (इंडिया) लिमिटेड ने असिस्टेंट मैनेजर (फाइनेंस) पद पर पांच नियुक्तियां करने के लिए आवेदन मंगाए हैं। इच्छुक और योग्य उम्मीदवार इन पदों के लिए ऑनलाइन आवेदन कर सकते हैं। आवेदन फॉर्म भरने की अंतिम तारीख 22 मार्च 2019 है। रिक्त पदों, योग्यता और आवेदन प्रक्रिया से जुड़ी अन्य सभी महत्वपूर्ण जानकारियां आगे पढ़ें : असिस्टेंट मैनेजर (फाइनेंस), पद : 05. योग्यता . - मान्यता प्राप्त यूनिवर्सिटी या संस्थान से न्यूनतम 55 फीसदी अंकों के साथ स्नातक डिग्री होनी चाहिए। . - इसके साथ ही सीए/ सीएमए/ एमबीए (फाइनेंस) किया हो। . - इसके अलावा एग्जिक्यूटिव के तौर पर दो ...
Tuesday, March 12, 2019

Infosys gains 2% after Sri Lankan bank selects subsidiary to implement finance network

Infosys shares gained 1.7 percent intraday on March 13 after a Sri Lankan bank selected company's Finacle Trade Connect software to enable a blockchain-based domestic and cross-border trade finance network. The stock was quoting at Rs 712.90, up Rs ...
Tuesday, March 12, 2019

Lux “very pleased” with 50 finance firms: Gramegna

New Financial, a thinktank, said in report last week that Dublin had attracted the most financial business moves from the UK, “with 100 firms choosing the Irish capital as a post-Brexit location.” So far Luxembourg has drawn 60 firms, while Paris has secured 41 ...
Tuesday, March 12, 2019

Seeing a revival in housing sector: LIC Housing Finance

Vinay Sah, Managing Director and CEO of LIC Housing Finance, shared his views and outlook on the housing sector. "There is some revival of the sector. The growth rates are improving though current year right from the start we have been having growth ...
Tuesday, March 12, 2019

Finance ministry seeks input from ministries for Jaitley's next Budget speech ...

New Delhi: The Finance Ministry has sought inputs from different central ministries for Arun Jaitley's budget speech, which would be the last budget of the current BJP-led NDA government before the 2019 general polls. “Kindly provide the requisite ...
Wednesday, November 21, 2018

Digital finance transformation lets CFOs shift focus to value

"Digital finance transformation is happening," said Ash Noah, vice president of Chartered Global Management Accountant (CGMA) external relations for the Association of International Certified Professional Accountants (AICPA). "There has been an era of ...
Wednesday, November 21, 2018

Buy Repco Home Finance; target of Rs 562: HDFC Securities

HDFC Securities is bullish on Repco Home Finance has recommended buy rating on the stock with a target price of Rs 562 in its research report dated November 17, 2018. Broker Research @moneycontrolcom · Whatsapp. Repco Home. Watchlist · Portfolio ...
Wednesday, November 21, 2018

The Financial Services Revolution - Powered by Nucleus FinnOne Neo Cloud

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced that the company has gained 25 new customers, including 10 so far in 2018, for its revolutionary cloud lending ...
Wednesday, November 21, 2018

Airbus names new finance and operational leaders

Airbus on Wednesday named the finance director of German chipmaker Infineon Technologies as its next chief financial officer to replace fellow German Harald Wihelm, who is due to step down next year. Dominik Asam, who is also a former Siemens ...
Wednesday, November 21, 2018

Broker's call: Shriram Transport Finance

In our May 2018 reinitiating coverage note on Shriram Transport Finance (SHTF), we had indicated that 1) we expect per cent16 per cent 3-year AUM CAGR of SHTF as the estimated financing opportunity for 5-10 year pre-owned vehicles is ₹2.5 lakh crore, ...
Tuesday, July 10, 2018

Indians most stressed globally on work, finance issues: Survey

Stress levels are the highest in the country with 89 percent of survey respondents claiming they suffer from stress on issues such as finances, work, among others, compared with the global average of 86 percent. This makes India lead the pack of ...
Tuesday, July 10, 2018

Work, finance issues keep Indians under heavy stress: Study

The findings of the study titled '2018 Cigna 360° Well-Being Survey–Future Assured,' indicates that stress levels — mostly on work and finance related issues — are high in India compared to developed and emerging countries including the US, UK ...

AU Small Finance Bank stock falls 7% as pre-IPO lock-in period ends for investors

AU Small Finance Bank share price fell 6.66 percent intraday on Monday after the pre-IPO lock-in period ended for investors on July 7. The total of 17 crore shares were under the lock-in period which is one year from the allotment of IPO shares. It ...
Tuesday, July 10, 2018

AU Small Finance bank tumbles after end of pre-IPO lock-in period

The share price of AU Small Finance Bank slipped nearly 6.14 per cent on Monday after the pre-IPO lock-in period of the bank ended on Saturday, July 7. A total of about 17 crore shares were under a one-year lock-in period from the allotment of IPO ...