Page 52 - Abhijit Lele

Global uncertainty casts shadow on India's FDI inflows in FY24: Experts

Country's strength to attract global investments remains intact, they say

Indian banks' profitability to stablise, asset quality to improve: S&P

Several large public sector banks saddled with high volume of weak assets, says agency

Icra Q4 net profit up 14.5% YoY to Rs 38.6 cr; revenue rises 16.4%

Consolidated revenue from operations increased by 17.6 per cent YoY to Rs 403.2 crore in FY23

Moody's affirms Hero FinCorp's long-term corporate rating at "Ba1"

Expects stable financial performance; Exposed to volatile asset quality like Small biz

Flows into NRIs deposits in India top $8-billion mark in 2022-23

However, the outstanding NRI deposits fell from $139.02 billion at the end of March 2022 to $137.88 in March 2023

Call rates, bond yields ease on expectations of improved liquidity

Yield on 10-year government bond closes below 7%

Indians sent $27.14 bn abroad under LRS in FY23, up nearly 40% YoY

Reflecting buoyancy in travel and spending on relatives, outward remittances surged substantially for the second year on the trot

RBI to brainstorm with bank directors on governance, risk issues on Monday

Topics would cover supervision, enhancing governance and enforcing regulations; role of board in governance and RBI's expectations on governance by banks are likely to figure in discussions

Bank credit grows at a steady 15.5% YoY in early May, shows RBI data

Deposit mobilisation improves with 10.4% YoY growth

State Bank of India's Q4 standalone net jumps 83% to Rs 16,695 crore

FY23 consolidated profit at Rs 55,648 cr - second highest after RIL

Space Mantra, five other firms lead race to acquire Future Retail

The CoC had provided two options in the EoI and the last date for submission was April 7

MSME credit demand robust, but maintaining 46% growth a challenge: ABCL CEO

Loans to the sector are expected to get thrust with the Udyog Plus B2B platform launched by the NBFC arm, Aditya Birla Finance

Banks seek one more year to prepare for ECL reporting on stressed assets

Banking regulator has indicated five-year glide path for shift to new system

Doors not shut for funding airlines; strong players creditworthy: BoB CEO

The share of retail deposits would rise and help keep net interest margins intact, Sanjiv Chadha, managing director and chief executive of Bank of Baroda, says

Bank of Baroda makes Rs 500 crore provision for Go First exposure

Out of this exposure, about Rs 1,000 crore is collateralised by tangible securities and by way of corporate guarantees

Bank of Baroda Q4 net profit up 168% at Rs 4,775 cr on healthy NII

Public sector lender recommends dividend of Rs 5.5 per share for face value of Rs 10 each

Suryoday SFB posts Q4 net profit of Rs 40 cr vs year-ago loss of Rs 48 cr

For the whole of FY23, the net profit stood at Rs 77.1 crore against loss of Rs 93 crore a year ago

UCBs seek hike in cap on home loans, separate limit for commercial realty

Have also asked for revision in norms for gold loan repayments

Poonawalla Fincorp to keep headcount at 3,000 for 5 yrs to build AUM

Eyes Rs 50,000 crore AUM by FY27, up from Rs 16,000 cr currently

Low inflation shows RBI Policy is effective: Governor Shaktikanta Das

The impact of the recent unseasonal rain and hailstorms, however, needs to be watched