Subrata Panda

Bank unions to go ahead with 3-day strike despite govt, management appeals

Unions will strike from September 28 to 30 after talks failed to resolve their demand for a five-day banking week; an indefinite strike is planned from October 26

How reforms in banking shifted from boosting competition to building scale

On July 21, 1993, RBI provided in-principle approval to HDFC and Unit Trust of India, or UTI (its lender later became Axis Bank), for starting banking companies

FCNR(B) deluge leaves banks flush, corporate loan rates set to soften

Deposit growth hits 15-year high as FCNR(B) mobilisation; incremental credit-deposit ratio softens to 62.6%

RBI swap window draws $143.5 billion; FCNR(B) deposits at $133 billion

Inflows through RBI's concessional forex swap window topped $143.5 billion by September 18, with FCNR(B) deposits accounting for the bulk at nearly $133 billion.

PSBs see rate repricing as margin reprieve amid RBI rate hike expectations

High exposure to repo-linked RAM loans could help public sector banks reprice assets faster than deposits if the RBI raises rates

Asset restructuring among Tata Sons' options to avoid a public listing

One possible route would be to reduce Tata Sons' relevant asset base below the ₹1 trillion threshold for classification as an upper-layer NBFC, according to a former regulatory official

MDR unlikely to trigger shift back to cash: RBI Deputy Governor S C Murmu

RBI Deputy Governor S C Murmu says MDR will help the payments ecosystem recover costs, while cash continues to retain a significant role as a store of value

UPI MDR wins payments industry support, but merchants fear higher costs

The 0.4 per cent charge on merchant UPI payments above Rs 2,000 could generate up to Rs 20,600 crore annually, but retailers and fuel dealers fear margin pressure and a possible shift towards cash

Shapoorji Pallonji Group lowers entry threshold for its high-yield bonds

Earlier, wealth managers were pitching the bonds to high net worth individuals (HNIs) and ultra-HNIs with a minimum investment of Rs 10 crore and yields of up to 17.80 per cent.

Trusts pitches SP group's ₹25K cr monetisation plan for its Tata Sons stake

The proposal seeks to address the SP Group's liquidity needs without a Tata Sons listing, through the sale of shares held by Cyrus Investments and Sterling Investment.

RBI NBFC FAQs offer clarity on rules relevant to Tata Sons' de-registration

RBI's latest NBFC FAQs clarify definitions of CICs, principal business and public funds, shedding light on regulatory issues relevant to Tata Sons' failed deregistration bid

MDR on UPI payments likely to unlock ₹15K-21K crore revenue pool

Brokerages expect banks to receive the largest share of the levy, while Paytm, Pine Labs and other fintechs could gain from higher transaction-linked revenue annually

Have a pipeline of ₹4 trillion in sanctioned loans, says Nabfid MD

NaBFID targets a Rs 5 trillion loan book by 2029-30, backed by a Rs 4 trillion sanctioned pipeline and rising private infrastructure investment

RBI may hike rates by 25 bps each in Oct & Dec as inflation may cross 6%

Economists say the rate hike cycle could be shallow, with 50-75 bps hike in the current cycle

HDFC Bank MD and CEO choice key to ending succession uncertainty

Macquarie Research also described the board's move as a decisive step towards settling the leadership question.

SBI may soon issue sanction letter to Vi for its share of ₹35K cr funding

This move is likely to prompt other lenders to move forward with their decision to back telco

Banks likely to see 15-20 basis points rise in FCNR(B) deposit costs

Rise due to hedging costs on interest, not absorbed by RBI

RBI proposes temporary debit holds on suspected money mule accounts

Banks can hold fraud-linked amounts immediately; customers get 20 days to explain transactions

Race for HDFC Bank MD & CEO likely between insider and outsider

Order of preference in which two names are submitted to RBI is critical

HDFC Bank's board approves two names for MD&CEO, sends shortlist to RBI

The bank did not disclose the shortlisted candidates; also, the board inducted Jimmy Tata as executive diretor and said it would add one whole time director position as part of its succession planning