Budget wishlist: Real estate sector pitches for increased bank funding, reintroduction of ITC in GST

Budget wishlist: Real estate sector pitches for increased bank funding, reintroduction of ITC in GST

In its wishlist for the upcoming budget, the first one to be presented by the new government, the real estate sector has pitched for increased bank funding to developers for completing projects, re-introduction of input tax credit (ITC) in GST,...
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Finance Ministry starts groundwork for fresh bank consolidation

Finance Ministry starts groundwork for fresh bank consolidation

The next wave of bank consolidation is planned during the October-December quarter of the current fiscal with the Finance Ministry starting to seek information from PSBs on possible targets for amalgamation/mergers and acquisitions with justification on how su...
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Fincare Small Finance Bank to raise Rs 250 cr for expansion

Fincare Small Finance Bank to raise Rs 250 cr for expansion

Fincare Small Finance Bank is planning to raise Rs 250-300 crore capital to fund its expansion plans in alendar year 2019. Disclosing this at a press conference to announce the launch of its operations in Hyderabad here on Friday, Rajeev...
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PNB MetLife, ESAF Small Finance Bank enter into strategic partnership

PNB MetLife, ESAF Small Finance Bank enter into strategic partnership

ESAF SFB will leverage its outlets to offer PNB Metlife’s life insurance products PNB MetLife and Kerala-based ESAF Small Finance Bank have entered into a strategic partnership to provide customers an expanded financial services suite. The alliance will enab...
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ICICI Bank board to meet on Monday, may discuss CEO Chanda Kochhar loan issue

ICICI Bank board to meet on Monday, may discuss CEO Chanda Kochhar loan issue

The board of ICICI Bank, which will meet on Monday for approving the annual earnings of 2017-18, may see some discussion on the allegations of conflict of interest against the lender’s CEO Chanda Kochhar, sources said. There are series of...
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Sensex, Nifty hit fresh highs; bank stocks drive rally

Sensex, Nifty hit fresh highs; bank stocks drive rally

Markets continued their record- setting spree for the second straight day with BSE benchmark Sensex rising over 178 points to hit new closing high of 35,260.29 and Nifty ending above 10,800 for the first time, driven by a rally in...
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