Vijay Mallya in talks with banks to clear Kingfisher Airlines dues

Kingfisher Airlines chairman Vijay Mallya on Tuesday claimed that he was in talks with banks to settle dues of the defunct airline, saddled with a whopping Rs 8,700 crore loan.

RBI includes Bandhan Bank in second schedule list

Reserve Bank on Thursday said that newly launched Bandhan Bank has been included in the second schedule list, making it eligible for loans from the central bank at bank rate.

Other income pushes Yes Bank net up 26.5%; bad loans double
Other income pushes Yes Bank net up 26.5%; bad loans double

Yes Bank Thursday reported a 26.5 percent rise in net profit at Rs 610.4 crore for the second quarter ended September 30, boosted by fee income, which helped it offset the impact of rising bad loans that more than doubled in the reporting period.

Kingfisher Airlines allegedly diverted portion of loans to tax havens
Kingfisher Airlines allegedly diverted portion of loans to tax havens

Kingfisher Airlines had allegedly diverted a substantial chunk of Rs 4,000 crore in loans secured from public sector banks to tax havens which has now come under the scanner of the CBI that has expanded its probe in the matter.

NCDEX, Kotak Mahindra Bank pact to provide commodities loans

National Commodity & Derivatives Exchange Ltd (NCDEX) Tuesday announced its tie-up with Kotak Mahindra Bank to provide financing to the depositors of goods in warehouses approved by the exchange.

Axis Bank realigns home loan rates; introduces new slab

Country's third largest private lender Axis Bank Tuesday introduced a new slab for its home loan borrowers with offers starting at 9.60 percent onward.

Banks will have to follow new base rate calculation: Rajan

Reserve Bank Governor Raghuram Rajan on Tuesday said the RBI is looking into banks' concern over adopting the marginal cost-based base rate regime but made it clear the lenders will have to follow the new computation methodology.


RBI rate cut to drive growth, banks must follow suit: India Inc

 India Inc on Tuesday said the Reserve Bank's move to cut interest rate by 0.50 percent is "pro-growth" and exhorted banks to transmit the lower interest rate to borrowers to revive demand and kick-start the investment cycle.


Realtors ask banks to pass on benefits of RBI rate cut

Hailing the Reserve Bank's decision to cut interest rate by 0.50 percent, real estate developers on Tuesday asked the banks to pass on the benefits to home loan borrowers that would help revive housing demand especially during upcoming festive season.

Another big promise fulfilled with RBI rate cut: BJP

The BJP on Tuesday sought to draw political mileage from reduction in key interest rate by the Reserve Bank of India, saying its fourth fall in a year "fulfills" the party's promise of bringing the rate down to help people avail cheaper loans.

Rajan for faster transmission of RBI rate cut

After lowering the interest rate by 50 basis points to boost economy, Reserve Bank Governor Raghuram Rajan on Tuesday said the RBI will work with the government to ensure a faster transmission and also hoped that banks will pass on the benefits to customers.

Amtek hasn't approached us for new loans yet: Lenders

Even as cash-crunch hit Amtek Auto informed exchanges that it's in advanced talks with banks for fresh funds to repay its Rs 800 crore debt, lenders Tuesday denied any such discussions and said they've serious reservation about further lending to the auto component maker.

HDFC Bank cuts base rate by 0.35% to 9.35%; lowest in industry

After repeated chiding by RBI chief Raghuram Rajan on banks not passing rate cut benefits to consumers, HDFC Bank Monday lowered its base lending rate by 0.35 to 9.35 -- the lowest in the industry.

HDFC Bank slashes base rate by 0.35%, loans to be cheaper

Private sector HDFC Bank on Monday cut the base rate by 0.35 percent to 9.35 percent from the existing 9.70 percent, thereby making loans from the bank cheaper.

IDBI not selling bad loans to ARCs; PNB thinks of new ways

Even as they sit on mountain of bad loans, public sector lender IDBI Bank Tuesday said it's not selling stressed loans to ARCs, while its larger peer PNB said it prefers innovative ways to tackle the situation.

Loans under PMMY to double to over Rs 1 lakh cr by March

Since the launch of the scheme in April by Prime Minister Narendra Modi, about Rs 14,000 crore worth of loans have been disbursed under the scheme to 20 lakh people.

RBI asks banks to provide short-term crop loans at lower rate

The Reserve Bank on Thursday asked all banks to provide interest concession of 2 percent on short term crop loans of up to Rs 3 lakh to farmers.

World Bank unveils new conditions for loans

The World Bank unveiled Tuesday a set of new social and environmental rules for its 188 member nations to receive financial assistance.

BoB Q1 net down 23% at Rs 1,052 cr on bad loans, wage revision

State-run Bank of Baroda Thursday reported 22.74 percent decline in net profit at Rs 1,052.15 crore during the first quarter ended June 30, on higher provision for bad loans and wage revision.

RBI says 'watchful' of banks' bad loans levels

Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful."