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Supreme Court bars banks from blacklisting lawyers via 'caution' listsThe Supreme Court declared the Indian Banks' Association lacks authority over lawyer caution lists. Such lists are unsustainable in law and...
Gold overtakes vehicle loans as top securitised asset class in Q1FY'27: CRISILSecuritisation, a process through which lenders pool loans and sell them to investors to raise funds and free up capital for fresh lending,...
Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT ChennaiA Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home, initially den...
Is enforcement of banking regulations ownership neutral?Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout...
India has got a $5 trillion sleeping giant: Can govt wake it up?India holds an estimated $5 trillion worth of gold in households and temples, yet continues to spend billions importing more every year. As...
Persistent's Nagarro deal could be a near-term pain for long-term gainPersistent Systems is acquiring Nagarro SE for $1.3 billion, aiming for European expansion and reduced US market reliance. While strategica...
Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...
NFRA takes action against auditors of Reliance Capital for lapses and fraudNFRA has penalized Pathak HD & Associates, and banned its partners, in Reliance Capital case after lapses in statutory duties and ethical v...
Banks seek floor to flag frauds on Daksh reporting mechanismBanks have reached out to the Reserve Bank about fixing a threshold for reporting of fraud transactions on its advanced supervisory managem...
SBI looking to hive off Yono into separate subsidiary: Chairman Rajnish KumarAfter Yono becomes an independent entity, SBI could even become one among its users, Chairman Rajnish Kumar said adding that discussions we...
Maharashtra cuts stamp duty for deals until March end; Move likely to push realty demandThe move, apart from supporting the state exchequer, is expected to support the revival of sluggish real estate market in the state includi...
HC raps RBI for callous attitude in not filing response to PIL on financial data misuseIt appears that the RBI is negligent in assisting in the matter," the bench said.
Structured debt transactions in real estate slow downA total of 642 real estate-related debt deals were recorded in the first half of this year, with around 33% of them extended in March alone.
Indian Securitisation Market grew 45% to around Rs 25,000 crore in FY2016Indian Securitisation market grew by 45% to around Rs 25,000 cr in FY2016, a reversal of past three years’ trend.
MFIs loan securitisation jumps 125% to Rs 11,500 crore in FY16"Growth happened as microfinance institutions opted for this funding route to churn capital faster and fuel growth," rating agency Crisil s...
MFIs loan securitisation jumps 125% to Rs 11,500 cr in financial year 2016"Growth happened as microfinance institutions opted for this funding route to churn capital faster and fuel growth," rating agency Crisil s...
Microfinance companies too moving towards commercial papersJanalakshmi Financial Services and Ujjivan Financial Services have raised Rs 125 crore between them in CPs to diversify their funding sourc...
Banks may cut interest on credit card overduesThe average monthly credit card spend has gone up 28.5% from Rs 12,035 crore a month in FY14 to Rs 15,470 crore a month (April-October 2014...
'Banks need to do away with pre-payment penalty on loans'Banks should discontinue pre-payment penalty on home and auto loans and do away with the practice of imposing charges on customers for fail...
- Base rate system good for realty
The RBI’s policy, of moving the banking system away from BPLR to the ‘base rate’ system, is expected to have a positive impact on the overa...