India’s RBL Bank boosts focus on retail, from loans to deposits – CEO

India's RBL Bank boosts focus on retail, from loans to deposits - CEO

MUMBAI, Nov 15 (Reuters) – RBL Bank of India (RATB.NS) wants to increase its retail exposure to prevent its books from being overexposed to big companies and to drive growth alongside its core credit card and microfinance businesses, said the private lender’s chief executive. The chief executive told Reuters on Tuesday. RBL introduced new loan … Read more

Crédit Agricole’s third quarter profit beat expectations for corporate lending growth

Crédit Agricole's third quarter profit beat expectations for corporate lending growth

Paris, November 10 (Reuters) – Credit Agricole SA (CAGR.PA) Joining French and European peers, it was driven primarily by corporate and consumer lending, offsetting the exit of asset manager Amundi and lower trading income. Net income was €1.35 billion ($1.35 billion), down 3.6% from the prior-year quarter, but supported by one-off items such as the … Read more

China amends rules governing insurance relief fund

China amends rules governing insurance relief fund

BEIJING (Reuters) – China’s financial regulator said on Wednesday it had amended rules governing a state-run bailout fund that bails out troubled insurers. The regulations aim to promote the healthy development of the insurance industry, prevent and resolve financial risks, and maintain financial stability, the China Banking and Insurance Regulatory Commission said in a statement … Read more

Indian Infrastructure Bank to start disbursing loans in fiscal year 23

Indian Infrastructure Bank to start disbursing loans in fiscal year 23

MUMBAI (Reuters) – India’s development finance institution, the National Infrastructure Development Bank, may start disbursing loans from this financial year, said managing director and CEO Rajkiran. Lai G said Wednesday. Lai said financial institutions are also considering raising funds by issuing long-term bonds in the domestic market this fiscal year with maturities of 10 to … Read more

LeBron creditors to contest 2020 loan deal

LeBron creditors to contest 2020 loan deal

(Reuters) – Some of Revlon’s creditors have asked a U.S. bankruptcy judge in Manhattan to roll back the bankrupt cosmetics giant’s 2020 loan restructuring. Creditors, including Brigade Capital and Nuveen Asset Management, said in court filings late Monday that LeBron’s bankruptcy proceedings had a huge stake based on “fake” loan deals that took place in … Read more