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After $9 billion credit hit, banks seek trade finance overhaul

6 min read . 08:57 AM IST

On 13 March, the government had approved a rescue plan for Yes Bank backed by SBI (Photo: Mint)

SBI to invest up to ₹1,760 crore in Yes Bank's follow-on offering

2 min read . 08 Jul 2020

ICICI Bank plans to raise ₹150 billion (Photo: Bloomberg) (Bloomberg)

ICICI Bank plans to raise ₹150 billion

1 min read . 08 Jul 2020

SBI is upgrading its existing work-from-home policy to work-from-anywhere. (Mint)

SBI may invest up to ₹1,760 crore in YES Bank's FPO

1 min read . 08 Jul 2020

Edelweiss seeks to move to wholesale lending through an asset management model.

Edelweiss NBFC to exit wholesale loans

2 min read . 08 Jul 2020

To be sure, the first quarter is typically a lean season for loans as credit usually picks up in the latter half of the year but covid-19 has slowed it even further.

Private lenders see tepid rise in loans in Q1

2 min read . 07 Jul 2020

ECLGS provides an incentive to banks and non-bank lenders to offer additional funding facility to small borrowers by providing them 100% guarantee for any losses suffered by the lenders due to any default.

Banks disburse 49% of loans approved under emergency credit guarantee scheme

1 min read . 07 Jul 2020

For security reasons minor should have a mobile number that is different from the parent’s number. (Photo: Bloomberg)

Fino Payments Bank launches 'Bhavishya' savings account for minors

1 min read . 07 Jul 2020

INR vs USD: The rupee settled higher at 75.36 per USD (Photo: Reuters)

Banks sanction about ₹1.14 tn loans to MSMEs under credit guarantee scheme

2 min read . 07 Jul 2020

Yes Bank has raised ₹3,200 crore by downselling its profitable loan facility in ‘Safeway Concessions’, a subsidiary of Australia’s Macquarie group to the State Bank of India. (Mint)

Yes Bank may sell a part of wholesale loan book to SBI

2 min read . 07 Jul 2020

SMEs and consumers are beginning to realise the friction and frustration involved in handling cash after having experienced seamless digital payments (Photo: Mint)

Digital payment transactions in India rise 23% between Jun 3-Jul 2: Report

2 min read . 06 Jul 2020

Public sector banks disbursed ₹21,029 crore in the first 18 days of June. Photo: AFP

Outstanding bank loans shrink in two weeks of June as demand slump continues

2 min read . 06 Jul 2020

HDFC Bank's net profit rose 17.72% to ₹6,927.69 crore for the quarter ended 31 March against ₹5885.12 crore for the same quarter last year.

HDFC Bank shares gain 4% as advances rise 21% YoY in June Quarter

1 min read . 06 Jul 2020

The interest coverage ratio (ICR) of 311 companies in the BSE 500 index fell to 2.73 in the March quarter, the lowest in at least 24 quarters, (Mint)

Ability of firms to service loans deteriorates in March quarter

2 min read . 06 Jul 2020

The company’s total impairments stood ₹2,549 crore in Q4 FY20

Edelweiss reports net loss of ₹2,281.5 crore in Q4 on higher impairments

1 min read . 05 Jul 2020

There is a huge demand destruction in the overseas markets, MD of Exim Bank David Rasquinha said at a webinar.

Covid-19 caused huge demand destruction overseas: Bankers

1 min read . 04 Jul 2020

Equitas Small Finance Bank Limited has launched video KYC account. (Mint)

Equitas Small Finance Bank launches video KYC account

1 min read . 04 Jul 2020

Axis Bank stock closed 1.17% higher at ₹428.50 apiece on BSE (Bloomberg)

Axis Bank seeks shareholders nod to raise ₹50,000 cr via debt, equity

3 min read . 03 Jul 2020

RBI unveiled targeted long-term repo operations in March, under which banks can access three-year funds to invest in corporate bonds.

Bond sales touch ₹2 trillion in Q1; RBI auction helps NBFCs raise funds

2 min read . 03 Jul 2020

Axis Bank UK Ltd, launched in 2013, posted a net profit after tax of ₹49.06 crore on the back of ₹297.97 crore in total income in FY19

Axis Bank to close UK subsidiary, focus on Indian business

2 min read . 02 Jul 2020

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