Banking & Finance

Merged banks from 1 Apr 2020 The Reserve Bank of India (RBI) on Saturday approved the merger of several public sector banks from 1 April 2020, starting with Allahabad Bank functions and operations under Indian Bank. Likewise, the Syndicate Bank...

Industry grew 9%/y in 2019 The Indian Media and Entertainment (M&E) sector in India is expected to cross Rs.2.4 trillion (US$34 billion) by 2022, at a CAGR of 10%. In 2019, it posted a growth of ~9% over 2018, totaling...

Aggarwal: Banks have Rs.3.74 lakh crore more liquidity The sharp cut in policy rates and the relaxation for banks under the large exposure framework on drawdowns under the Target Long-Term Repurchase Operation (TLTRO) can aid stronger and well managed companies...

MFIN: RBI addresses Industry’s concerns The Reserve Bank of India has addressed industry’s concerns about the unbearable impact of coronavirus on the already feeble and fragile economy. “Reserve Bank of India announced a big monetary bazooka including 75 bps repo...

The move will benefit all sectors RBI’s latest announcement of a massive repo rate cut of 75 bps to 4.4% coupled with three months moratorium of EMIs on all outstanding loans is the biggest move that India has so far...

Focus would be on long-term reforms Risks from COVID-19 related developments are evolving, necessitating ample policy support, said Singapore’s DBS banking Group. Resolving financial sector stability and ensuring banks and non-banks return to health will be crucial, the bank pointed...

LTI unit works on Standard Chartered Syncordis S.A., a leading Temenos banking software specialist and a subsidiary of India’s Larsen & Toubro Infotech Ltd (LTI), has been selected as the partner for a strategic Temenos T24 Transact engagement by Standard...

Non-banks face more volatile situation While most of the key target asset segments faced subdued demand related headwinds and some non-banks also faced funding constraints that impacted growth in the current fiscal, the COVID-19 related slowdown in economic activity would...

FICCI research calls for contactless cards The Government has been recommended to take out all stops towards promotion of digital payments in the currently tensed environment caused by the deadly coronavirus. "A key recommendation from FICCI in the present circumstances...

MHCV segment hit by cut in investments Domestic non-banking finance companies (NBFCs), that had hitherto seen high disbursements towards new Medium & Heavy Commercial Vehicle (MHCV) segment, have witnessed a sharp contraction in disbursements in FY2020 following overall decline in...