Page 36 - Abhijit Lele

ICICI Bank Q3 net profit jumps 23.6% to Rs 10,272 cr, NII up 13.4%

Net Interest margins dip on rise in cost of deposits; makes Rs 627 crore provision to AIF exposure

Lending rates almost peaked, reduction to follow over next 1 year: Bhutada

Bhatuda says that as far as passing of the reduction of rates to customers is concerned, the same will follow the interest rate movement across the industry

Flows into NRI deposits double to $7.3 bn in April-November 2023

Non-Resident External (NRE) deposits stood at $96.79 billion in November 2023, sequentially up from $96.56 billion in October and $95.31 billion in November 2022

State Bank of India raises Rs 5,000 crore in capital via AT1 bonds

Fixes coupon at 8.34%, 24 bps higher than previous offering

NESFB offloads stressed micro-loans over Rs 500 cr to clean up books

To raise fresh capital upto Rs 200 crore

IBC needs further changes for resolution of biz conglomerates: RBI Dy Guv

Swaminathan J, deputy governor, RBI said that very often business conglomerates have intricate corporate structure with inter-connected related-party relationships that add to the complexity

State govts may fix 'guarantees' at 5% of revenue, says RBI group

The RBI working group also recommended that besides charging a guarantee fee, states may levy an additional risk premium based on the risk category and the tenor of the underlying loan

Bank of Maharashtra Q3 net up 34 % at Rs 1,036 cr, slows corporate lending

State-owned lender says it has increased share of loans in retail, agriculture and MSME segments

RBI proposes tighter norms for deposit-taking housing finance companies

Regulator suggests enhanced requirements of liquid assets as part of steps to harmonise regulations

Reserve Bank of India likely to withdraw relief to govt-owned NBFCs

Substantial time has elapsed since Government owned NBFCs were brought within the ambit of prudential regulations in May 2018

On a high note: Bank deposits double in a little over 7 years, shows data

Two crucial events which helped to scale up deposits base were demonetisation of Rs 500 and Rs 1,000 notes in 2016, and return of Rs 2,000 notes in the banks in 2023

State Bank of India floats scheme to raise funds for green projects

Besides approaching retail customers, SBI will look at tapping family offices, entities that manage money for high net worth individuals, for garnering green money

India's outward FDI nosedives to $2.25 billion in December: RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

RBI asks banks' audit heads to take pre-emptive steps to mitigate risks

Swaminathan J, Deputy Governor, RBI outlined the Reserve Bank's supervisory expectations and asserted that supervision is effective when supported by effective Assurance Functions

India's financial conditions improved significantly in Dec: CareEdge

External factors like geopolitical tensions and energy prices must be monitored, says rating agency

State Bank of India raises $600 million through dollar bonds

S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued

SBI raising $300 mn via medium term bonds, assigned BBB- ratings by S&P

Issue likely to be concluded on Thursday and has a green shoe option to raise more money

Indian Bank to float operations support subsidiary, aims to optimise cost

Two large public sector banks - State Bank of India and Bank of Baroda -- have already formed such units for servicing customers in rural and semi-urban areas

PE investment in Indian real estate down 26% in Apr-Dec 23: Report

Activity by foreign institutions has been subdued due to global geopolitical uncertainty

PNB hikes MCLR, Union Bank withdraws festive discount on vehicle loans

A PNB executive said there is intense competition for mobilising resources for which banks have and are raising deposit rates, increasing the cost of funds