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NBFCs' consumer, gold loan sanctions shrink sequentially in Q4FY24: FIDC

Personal loans also showed moderation, with sanctions by finance companies growing by just 1.4 per cent sequentially in Q4FY24

Bank of India plans to raise up to Rs 5,000 crore via infra bonds

BOI's infrastructure loan book stood at Rs 58,860 crore at the end of March 2024

NBFCs' consumer, gold loan sanctions shrink QoQ in Q4 FY24 after RBI action

Regulator last year hiked risk weights for unsecured loans and put curbs on IIFL Finance, a large player in gold loan business

RBI moots rationalisation of norms for export, import transactions

According to draft norms, every exporter should furnish a declaration specifying the amount of the full export value of the goods or services

UCB credit profile improves in H2FY24, says financial stability report

UCB executives said besides regulatory push for effective asset quality management, the upturn in credit growth and improvement in margins have helped enhance provision cover

CS Setty: Soft spoken village boy set to occupy SBI's corner office

CS Setty is currently looking after international banking, global markets & technology portfolios

Retail loan growth moderates to 17.8% due to slowdown in unsecured credit

The growth in "other personal loans" category, which predominantly covers unsecured advances, declined 17.3 per cent Y-o-Y in May 2024 from 25.2 per cent, according to RBI data

Private equity major Bain Capital to allocate 20% of Asia fund to India

Bain-owned Tyger Capital targets 4x growth in book to Rs 15,000 cr

RBI red flags NBFC consumer credit, calls for close monitoring of a few

Says need to monitor NBFCs growing fast clip pace with low capital buffers

Banks may rework PSL plans for districts as RBI tweaks incentive structure

In a notification last week, RBI said the lists of districts have been updated after a review. These lists will remain valid until FY 2026-27

SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon

The coupon of 7.36 per cent represents a spread of 21 basis points (bps) over the corresponding government bond curve

Short debt's share in total external debt down 2.1 percentage points: RBI

The ratio of short-term debt to foreign exchange reserves declined to 19.0 per cent at end-March 2024 from 22.2 per cent at end-March 2023

Current account balance posts surplus of 0.6% of GDP in Jan-Mar 2024: RBI

For FY24, the net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers, RBI said

Chinese, Indian banks' efficiency erodes as expenses outpace income: S&P

Indian lenders invested heavily in expansion, opening new branches, adding customers and boosting technology infrastructure to continue as the fastest-growing major economy in the world

NIIF-backed Aseem Infra Finance to raise Rs 1,000 crore in equity in FY25

At present, NIIF holds a 59% stake, followed by 31% held by the Government of India, and SMBC holds the remaining 10% stake

UCBs should ensure proper credit underwriting, NPA recovery: RBI Governor

The RBI today held a Conference of Directors of UCBs in the Western Zone in Ahmedabad. The theme of the conference was 'Governance in UCBs - Driving Sustainable Growth and Stability'

Bring InvITs within ambit of bankruptcy law for recoveries: SBI MD

The long-term nature of assets has to be supported by long-term liabilities or there has to be take-out financing. This is starting to happen with the rise in Real Estate Investment Trusts and InvITs

Rising deposit costs to weigh on NIMs, RoA of banks: CRISIL Ratings

Deposit costs are seen increasing 25-30 basis points in FY25, after rising about 140 basis points since May 2022

SBI to raise up to Rs 20,000 cr via long-term bonds to fund infra projects

The bonds to be issued in tranches depending on market conditions

Net FDI in India improves to $4 billion in April, says RBI bulletin

The scale of repatriation/divestment of capital declined to $2.38 billion in April 2024 from $3.47 billion a year ago