Page 21 - Manojit Saha/undefined

No plan to enter banking sector: Mobikwik co-founder, CEO Bipin Preet Singh

Singh indicates that an initial public offering (IPO) is on the cards

RBI plans to bar outsourcing of know-your customer compliance norms

A draft circular on Managing Risks and Code of Conduct in Outsourcing of Financial Services, released by the regulator, has stated this intention

RBI directs private banks to have at least two wholetime directors

Banks that don't meet requirement get 4 months

General insurance will grow by 18-24% in FY24: Kishore Kumar Poludasu

SBI General Insurance is a multi-product and multi-channel distribution network, said Poludasu

RBI Governor Shaktikanta Das cautions against large supply shocks

External member Goyal says increase risk weight, LTV rather interest rates to restrain over-enthusiasm

Strengthening US dollar is a global risk: RBI's state of the economy report

"The Indian rupee has also exhibited low volatility and orderly movements relative to peers, in spite of the elevated US treasury yields and a stronger dollar," the RBI report says

HDFC Bank's bad loan jumps, margin narrows post-merger, Q2 profit up 50.6%

Net interest margins, which had been above 4 per cent for many years, dropped to 3.4 per cent in the July-September period, largely owing to the higher cost of funds from the erstwhile HDFC

Retail CBDC adoption: Long winding road to 1 million transactions

Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by a central bank. RBI broadly defines e-Re as the legal tender issued by a central bank in digital form

RBI bond sale googly stumps market amid monetary policy status quo

MPC keeps repo rate unchanged; retains growth, inflation forecast

It's time RBI became data-dependent: PNB Gilts MD & CEO Vikas Goel

'A lot would depend on the RBI and liquidity. There is a glide path for yields now'

A 'Slice' of lifeline: Fintech firm to infuse capital in North East SFB

To merge Fintech for capital infusion in the bank, lower promoter stake

HDFC Bank rejigs portfolios of top brass; Arvind Kapil to head mortgages

Arvind Kapil to head mortgages; To have two branching heads

A first in 10 yrs: Currency flow drops in H1 due to Rs 2k note withdrawal

The CIC on March 31, 2023, was Rs 33.78 trillion, which fell to Rs 33.01 trillion on September 22 -- a difference of about Rs 76,658 crore

Axis Bank's infusion will give Max Life enough capital for 2 yrs: Tripathy

This deal was for Axis Bank to go up to 20%, and in the first tranche they had done 13 and 7 more was to go

India to enter JP Morgan's EM bond index; set for $20 billion inflow

To have 10% weight, like China; no tax benefits for bond investors

RBI's stringent norms: Wilful defaulters must be identified within 6 months

NBFCs, co-op banks allowed to name defaulters

Would like to see 10-12% of funding met by public deposits: CEO, LIC HF

Most of our funding, around 52-53%, is through NCD issues, says Adhikari

HDFC Bank-Diners Club eyes B2B space to grow credit card business

With over 18 million cards in circulation, HDFC Bank is the largest issuer of credit cards in India with monthly spends of around Rs 40,000 crore

Chief executives of shadow banks urge RBI to allow public deposits

Number deposit taking NBFCs fell sharply in last 8 years

RBI must seriously consider deposit licences for NBFCs: Ajay Piramal

"By the end of September, we will have approximately Rs 6000 crore of cash in the balancesheet, which is much more than the LCR requirements"