Page 42 - Aathira Varier

Bajaj Housing Fin board to meet on Apr 24 to discuss listing requirement

Bajaj Housing Finance is a 100 per cent subsidiary of Bajaj Finance

RBI to offer CBDC-R accessible to non-bank payments system operators

Farmers to transact through CBDC-R for inputs, first use case of programmability starts today

Monetary policy: 'Real rates do matter, inflation must align with target'

Reserve Bank of India Governor Shaktikanta Das and Deputy Governor Michael Patra responded to a host of queries in the post-policy interaction with the media. Edited excerpts:

HDFC Bank's gross advances surge 55.4% to Rs 25.08 trn in Q4 FY24

The bank's domestic retail loans grew by around 108.9% over the year-ago period and rose by 3.7% over Q3 FY24 figures

Poonawalla Fincorp's AUM surges 54% in Q4FY24, hits Rs 24,800 crore

'FY24 was the year of significant growth across all business parameters', said Abhay Bhutada, MD, Poonawalla Fincorp

Aon completes transaction to acquire Global Insurance Brokers in India

The process is expected to be completed later this year. In the meantime, Global Insurance Brokers will operate independently as an Aon company

From Federal Bank to L&T Finance, cos see robust disbursements in Q4 FY24

During the quarter under review, the CASA ratio of the lenders continued to remain under pressure

Increased reinsurance capacity keeps April reinsurance renewals flat

Globally, the reinsurance contracts between primary insurers and reinsurers are renewed in January

Banks, NBFCs must uphold standards with Fintechs: RBI Dy Governor D G Rao

This change could affect the degree of market concentration and competition, giving rise to new challenges

South Indian Bank, Karur Vysya Bank post double digit growth in deposits

The deposits of South Indian Bank grew by 11.21% year-on-year (Y-o-Y) to Rs 1,01,929 crore from Rs 91,651 cr. Meanwhile, the deposits of Karur Vysya Bank rose by 16.28% Y-o-Y to Rs 89,113 cr

India Inc's credit quality remains healthy in H2FY24: Rating agencies

While commodity prices have softened, revenue of upgraded companies in the CRISIL rating pool grew by about 13 per cent in fiscal 2024 largely led by a pick-up in volume

Despite the challenges, credit quality of India Inc improves in FY24: ICRA

According to the agency, the Credit Ratio in FY24 stood at 2.1 times, with the rating agency upgrading two entities for every entity downgraded, continuing the trend from the last two financial years

ESAF SFB to focus on solar rooftop and electric vehicle financing

Climate change remains a significant risk factor for the bank due to its impact on agriculture-dependent customers

Credit cards breach the 100 million mark in India, shows RBI data

But overall credit card spending saw a sequential drop in February due to considerable decline in point of sale and e-commerce payments

Banks ready systems for capturing int'l credit card spends under LRS

Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000

Canara Bank to sell a 13% stake in Canara Robeco AMC through IPO

However, the stake sale is subject to regulatory approvals from the Reserve Bank of India and Department of Financial Services, Ministry of Finance, Govt. of India

In a relief to banks and NBFCs, Reserve Bank of India modifies AIF norms

RBI said that its regulated entities (REs) will now be required to make provisioning only to the extent of the amount invested by the AIF scheme in the debtor company and not the entire investment

Aim is to double individual first-year premiums in 3 years: ABSLI CEO

We were focused on strengthening our margins and our persistency figures over the past three years, said Kamlesh Rao, MD & CEO of Aditya Birla Sun Life

LIC, GIC Re and New India Assurance Company retain the 'D-SII' tag

D-Slls are insurance companies which are perceived as 'too big or too important to fail'(TBTF) based on their size, market importance, and domestic and global interconnectedness

Irdai retains surrender value norms, positive for life insurers: Analysts

Insurance industry leaders believed that higher surrender values could lead to the premature exit of policyholders from long-term insurance policies