Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
Regional rural banks incur net loss of Rs…
MUMBAI: Regional rural banks (RRBs) as a group reported net loss of Rs 2,206 crore in the fiscal year ended March 31, 2020, as against Rs 652-crore net loss in FY19, according to data published…
Banks and small businesses look to Congress to…
Steven T. Mnuchin, Secretary, Department of the Treasury during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress, in Washington, DC, U.S., September 24, 2020.Drew Angerer…
Deutsche Bank, JPMorgan lead drop in financial shares…
A Deutsche Bank AG flag flies outside the company's office on Wall Street in New York.Mark Kauzlarich | Bloomberg | Getty ImagesFinancial stocks came under pressure on Monday amid a report that global banks moved…
Lok Sabha passes legislation to bring cooperative banks…
New Delhi: The Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020 which seeks to bring cooperative banks under the supervision of the Reserve Bank of India (RBI) to improve their governance and…
Shadow banks are riding out the crisis while…
By Divya Patil and Anil PooniaThe health of India’s shadow banks remained resilient in August, suggesting that record stimulus steps by the nation’s authorities are helping the crisis-hit sector ride out the pandemic. Premiums on…
Banks sanction Rs 1.63 lakh crore to 42…
New Delhi: The finance ministry on Sunday said banks have sanctioned loans worth over Rs 1.63 lakh crore to more than 42 lakh business units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme…
RBI revises audit norms for banks to improve…
Mumbai: The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms with a view to improving efficacy of internal audit and risk management systems. The LFAR, which applies to statutory…
Banks free to restructure loans, but can’t penalise…
New Delhi: Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMI payments under the moratorium scheme during the COVID-19 pandemic, a petitioner opposing the move said…