Financial Services

Sensex Closes 52 Points Higher, Nifty Reclaims 10,900: 10 Things To Know

Business | NDTV Profit Team | Thursday January 17, 2019

Domestic stock markets finished a volatile session on Thursday with mild gains, as advances in financial services and IT stocks were offset by pharmaceuticals and state-run banks.The Sensex ended 52 points higher at 36,374 while the NSE Nifty finished at 10,905, up 14 points from the previous close. Top advancers on the 50-scrip index were GAIL Ind...

Federal Bank Posts 28% Jump In December Quarter Profit, Beats Street Estimates

Business | Thomson Reuters | Thursday January 17, 2019

Asset quality was largely stable, with gross bad loans as a percentage of total loans at 3.14 per cent at the end of December, compared to 3.11 per cent in the previous quarter and 2.52 per cent a year earlier.

Need To Reduce Gestation Period For Insurers: Industry Body Ficci

Business | NDTV Profit Team | Tuesday January 15, 2019

The country's insurance industry, which comprises more than 50 companies, has some challenges that need to be addressed, say experts.

Need Tax Benefit To Improve Liquidity Condition For Shadow Banks: Industry Body Ficci

Business | NDTV Profit Team | Tuesday January 15, 2019

From management reshuffles to open market operations, the central bank and the government have time and again announced measures to rescue the non-banking financial companies. Analysts say liquidity constraints faced by some NBFCs may hamper credit supply and subsequently economic growth in the coming years.

Sensex Closes 106 Points Lower As Markets Break 4-Day Rise: 10 Things To Know

Business | NDTV Profit Team | Thursday January 10, 2019

Domestic stock markets finished lower on Thursday, snapping four days of gains. The Sensex shed 106.41 points to end at 36,106.50, while the Nifty settled at 10,821.60, down 33.55 points - or 0.3 per cent - from the previous close. Weakness in banking, financial services and energy stocks pulled the markets lower.

Cheques Worth 20,000 Crore Rupees Not Cleared As Banking Services Hit: Workers' Union

Business | Indo-Asian News Service | Wednesday January 9, 2019

The central trade unions in the country are striking work for two days -- January 8 and 9 -- protesting against the various policies of the Central government.

Yes Bank Finalises Candidates To Replace Rana Kapoor As CEO

Business | Thomson Reuters | Wednesday January 9, 2019

The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, and will make the relevant disclosures after the RBI's approval, the lender said in a statement.

Central Trade Unions' Strike Enters Day 2

Business | Press Trust of India | Wednesday January 9, 2019

Bharat Bandh Day 2: The educational institutes, rail, banking, postal and transport services are expected to witness disruption on Wednesday too.

IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report

Business | Thomson Reuters | Wednesday January 9, 2019

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the infrastructure financing and construction company spooked domestic markets.

RBI Extends Tokenisation Services To Online Merchants

Business | Indo-Asian News Service | Wednesday January 9, 2019

The Reserve Bank of India (RBI) has said that the ultimate responsibility for the card tokenisation services rendered rests with the authorised card networks. Currently, the central bank allows card payment networks like Visa and MasterCard to use the tokenisation technology in card transactions.

Banking Operations Partially Hit Due To Trade Union Strike

Business | Press Trust of India | Tuesday January 8, 2019

However, the operations in State Bank of India (SBI) and private sector banks remained unaffected, as other seven unions in the banking sector are not part of the strike.

Banking Operations Partially Hit Due To Trade Unions Strike: 10 Things To Know

Business | NDTV Profit Team | Tuesday January 8, 2019

Banking operations were affected in some parts of the country on Tuesday as a section of employees refrained from work in support of the two-day strike call given by ten central trade unions (CTUs), reported news agency Press Trust of India (PTI). A two-day strike on January 8 and 9 has been called by the central trade unions against the alleged re...

Bandhan Bank To Buy Gruh Finance In Share-Swap Deal

Business | Thomson Reuters | Monday January 7, 2019

Bhandhan Bank has a market capitalisation of Rs 59,800 crore ($8.6 billion), while Gruh Finance is worth Rs 23,224 crore.

Parliamentary Panel Asks RBI To Fix Dysfunctional ATMs To Avoid Forced Cash Crunch

Business | Press Trust of India | Sunday January 6, 2019

ATMs have become an important channel for withdrawing money even after the close of banking hours.

Banking Services Likely To Be Hit On January 8, 9: All You Need To Know

Business | NDTV Profit Team | Monday January 7, 2019

Banking services are likely to be hit across the country on Tuesday and Wednesday. A section of state-run bank employees have decided to go on a two-day strike on January 8 and 9. The All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BSFI) have informed the Indian Banks' Association (IBA) of the two-day nationwide...