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Heatwaves may make India's inflation problem worse, hurt growth: Moody's

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will become more volatile

LIC Housing Finance plans to expand project loan business in FY23

With this, "the company will take the share of project finance from 5 per cent to 10 per cent in incremental business in the current year", said Y Viswanatha Gowd, MD and CEO, LIC Housing Finance.

State Bank of India looks to offload retail, SME NPAs via portfolio sale

The realisation expected for non-NARCL sales is 35-40 per cent, a senior SBI executive said.

Rating agencies seek harmonisation of norms for debentures and loans

The purpose of such a mechanism is to get better ratings and reduce cost of funds for an entity floating instruments.

Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

Flow of money into NRI deposits moderates to $3.23 bn in FY22: RBI data

Outstanding deposits have also gone down to $139.02 billion at the end of March 2022. This compares to $141.89 billion a year ago, according to Reserve Bank of India (RBI) data.

Kotak Private Credit fund to raise up to Rs 2,000 cr to finance mid-mkt cos

The fund will have a diversified investment universe and be sector-agnostic

Financial conditions ease in April; external headwinds to weigh: CRISIL

Major central banks likely to increase pace of tightening to combat inflation; US Fed has already raised its policy rate twice until May, and S&P expects five more hikes in 2022

State-run banks post 81% rise in Q4 profit; NII up 18.5% to Rs 70,825 cr

Enhance capital adequacy and provisions for bad loans

Indian lenders look to refinance Adani's stake acquisition in Ambuja, ACC

While there are curbs on banks for directly funding takeovers and acquisitions, banks will assess any room for funding via overseas branches and subsidiaries when exposure review is done

Union Bank Q4 net up 8.26% on improvement of net interest margins

It had posted a net profit of Rs 1,330 crore in Q4FY21

SBI posts record quarterly profit of Rs 9,114 cr, misses Street estimates

The bank's profit growth was mainly due to improvement in its net interest margins and a sharp decline in loan loss provisions

Poonawalla Fincorp's logs Q4 consolidated net profit of Rs 119 cr

The company's housing finance subsidiary proposes to raise growth capital

Talks planned for India to restructure $1.3 bn credit line to Sri Lanka

Standard & Poor's has downgraded Sri Lanka's long-term foreign currency sovereign credit rating to selective default

Canara Bank to invest Rs 1,000 cr for building digital banking backbone

Canara Bank is planning to come up with its super-app next month which is yet to be named.

Cube Highways Trust to raise Rs 12,075 cr debt to prepay old loans

Existing loans pertain to 17 projects; firm proposes to 18 toll road assets and one annuity road asset from the sponsor Singapore-based Cube Highways group

SBI board approves $2 bn fund raise in FY23 in single or multiple tranches

The funds will be raised via a public offering and/or on private placement basis

SBI hikes bulk deposits rates by 40-90 bps, with immediate effect

All deposits more than 3 years to earn 4.5% rate of interest;m Bajaj Finance increases FD rates by 10 bps

ATM player CMS Info Systems' Q4 net rises 14% to Rs 64 cr in March quarter

The revenues of CMS info Systems rose by 22 per cent to Rs 1,589.7 crore in FY22 from Rs 1,306 crore in FY21

Central Bank of India back in black, logs Rs 310-crore profit in Q4

It had posted a net loss of Rs 1,349 crore in the quarter ended March 2021