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Services, retail credit growth moderate in Aug on drop in credit to NBFCs

Credit to NBFCs grew by 11.9 per cent Y-o-Y in August 2024, sharply down from 21.3 per cent a year ago. Credit to trade declined to 15.5 per cent from 17.4 per cent in August 2023

India's current account balance in $9.7 billion deficit in Q1FY25

Aditi Nayar, chief economist at ICRA, said, "While the CAD expectedly widened in Q1FY25, it undershot our forecast primarily due to secondary income."

State-owned banks on apprenticeship spree to strengthen customer services

Banks are hiring apprentices for the first time amid gradual decline in number of employees

Bangalore International Airport to raise up to Rs 5,000 crore via NCDs

To deploy funds for refinance, capex preparation

IDBI Bank launches OTS scheme for retail NPA borrowers to boost recovery

Outstanding principal of Rs 2,300 crore in focus

State-owned Bank of India raises Rs 2,500 crore at 7.49% via tier-II bonds

The state-owned lender will raise Rs 2,500 crore through additional Tier-I bonds in Q3

Bank bond issuance likely to touch Rs 1.2 trn level in FY25 : Report

Infrastructure to command about 66% share in issuance, according to ICRA

Credit costs of MFIs likely to go up to 3-3.5% in FY25: CRISIL Ratings

The asset quality of the microfinance portfolio deteriorated in Q1 FY25 as the heatwave across the country adversely impacted the income of borrowers and collections

Punjab Sind Bank to raise upto Rs 3K cr via Infra bonds, appoint bankers

Set to appoint merchant bankers for proposed QIP

CARE Ratings downgrades IIFL Finance's long-term instruments to "AA-"

The rating agency, in a statement placed on its website, said the assets under management (AUM) of IFL's gold business shrunk to Rs 14,727 crore as of June 30, 2024

NRI deposits witness $5.82 billion inflows in April-July 24, shows RBI data

The NRI deposit schemes include foreign currency non-resident (FCNR) deposits, non-resident external (NRE) deposits, and non-resident ordinary (NRO) deposits

Net FDI in India rises to $5.5 billion in Apr-Jul 24, shows RBI data

Major source countries were Singapore, Mauritius, the Netherlands, US, Belgium and Japan

Banks take securitisation route for liquidity, lower credit deposit ratio

Rating agency ICRA estimates Rs 45,000 crore to Rs 50,000 worth of securitisation and direct assignment deals in the July-Sep quarter

Banks to play key role in making India developed nation: FM Sitharaman

She said that banks cannot have a digital system that gets hacked somewhere, compromising the entire system and the trust placed in it

Casa ratio of banks may fall to pre-Covid level: SBI chief CS Setty

But Setty says SBI will hold on to current share by tapping small businesses

IRB InVIT to raise Rs 2,667 crore via term loans to refinance existing debt

Post refinancing, roads SPVs to be free of external debt

Indian companies file ECB plans worth $3.58 billion in July 2024

According to RBI data, among the prominent firms which have filed intent are ONGC Videsh Ltd for $800 million to be raised from an overseas branch of an Indian commercial bank

Jan-Dhan accounts: A new option for state-owned banks to mobilise deposits

Following this, many banks are exploring previously untapped areas to mobilise deposits while choosing not to engage in an interest rate war

Outward FDI increases to $3.2 billion in August 2024, shows RBI data

Equity commitments more than double Y-o-Y to $1.14 bn

SBI's cost to income ratio to dip to 54-55% in two years, says S&P

Agency affirms bank's 'BBB-/positive' issuer rating