The big dreams of small finance banks

The big dreams of small finance banks

If politicians stop spoiling the credit culture, clamouring for loan waivers, the small finance banks can change India’s banking landscape. Photo: Hemant Mishra/Mint All the 10 small finance banks that have got the in-principle licence from the Reserve Bank of...
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One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

IDBI Bank shares plunged as much as 9 per cent on Thursday after the state-owned bank said that more than one fifth of its advanced turned bad in the March quarter. IDBI Bank, which reported its earnings for the January-March...
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Big Banks Cut Home Loans Rates, Special Discounts for Women

Big Banks Cut Home Loans Rates, Special Discounts for Women

India’s largest private sector lender ICICI Bank cut its home loan rates by 0.3 per cent for loans up to Rs. 30 lakh, a move that was matched by HDFC Bank on Monday bringing them in line with the country’s...
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Vijay Mallya Says Ready To Talk To Banks For One-Time Settlement

Vijay Mallya Says Ready To Talk To Banks For One-Time Settlement

New Delhi: The embattled liquor baron Vijay Mallya today took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs. 9,000-crore loan default. “Public sector banks have policies for one-time settlements. Hundreds...
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Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to...
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Notes Ban Impact: EMIs To Fall As SBI, Other Banks Cut Lending Rates

Notes Ban Impact: EMIs To Fall As SBI, Other Banks Cut Lending Rates

New Delhi: Top PSU lenders State Bank of India, PNB and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to priorities their lending towards...
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