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The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI puts up for sale two NPA accounts to recover dues of Rs 309 crore

The e-auction of Rajashree will take place on July 22 while that of Shree Vaishnavi on July 29.

12 July 2019 9:34 AM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.

Foreign investors pull out Rs 475 cr from Indian markets in first week...

As per latest data, FPIs withdrew amount of Rs 3,710.21 crore from equities but invested Rs 3,234.65 crore in the debt.

7 July 2019 11:38 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Guest column: Concerns in financial market addressed

The Budget has set the ground for the government to execute its reforms over the next five years.

6 July 2019 7:50 AM IST

People watch finance minister Nirmala Sitharaman tabling the Union Budget 2019-20 on TV sets at a showroom in Patna on Friday. (Photo: PTI)

Union Budget 2019: Steps to pull back NBFCs from trouble

RBI gives Rs 1.34L cr liquidity boost to banks to improve flow of credit.

6 July 2019 2:02 AM IST

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Budget 2019: Govt to provide credit guarantee to PSBs to buy NBFC...

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

5 July 2019 3:06 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Budget2019: Sitharaman earmarks Rs 70,000 crore for public sector...

Public sector banks will use technology for enabling the customer of one PSB to access service across all PSBs as well.

5 July 2019 1:12 PM IST

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Budget 2019: NPAs worth Rs 4 lakh crore recovered in past four years

Government-owned and private banks besides non-banking financial companies have been saddled with huge NPAs.

5 July 2019 12:59 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

A mess: Patel admits RBI was slow to take timely measures

Patel said an asset quality review for the NBFCs is inevitable' given their interconnectedness in financial system.

4 July 2019 1:37 PM IST

At present diesel cars at Maruti, which sells one car out of two bought in the country, account for almost a third of its sales.

Auto industry urges govt to take immediate steps to improve liquidity

SIAM said the role of NBFCs is important in vehicle sales as they cater to customers mainly in semi-urban and rural...

3 July 2019 3:11 PM IST

Citing rules, Sitharaman stated that Section 178(5) and 178(6) of the Companies Act. (Photo: ANI)

Govt considering giving more powers to RBI to regulate NBFCs:...

As on June 23, 2019, 9,643 NBFCs were registered with RBI.

1 July 2019 5:06 PM IST

Housing financiers like Indiabulls Housing Finance and Dewan Housing Finance are facing liquidity crunch.

Rate cuts not enough to re-fire damp India housing market: Report

Banking and non-banking financial companies (NBFCs) are still grappling with very large bad loans on their balance...

28 Aug 2019 12:03 PM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.

21 Aug 2019 12:31 PM IST