Subrata Panda

IDBI Capital calls for bids on Rs 1,772 crore SBI-led highway bad loans

State-owned NARCL has submitted an anchor bid of Rs 300 crore for exposure, prompting a Swiss auction scheduled for October 30

RBI's stern warning to gold financiers likely to take a toll on NBFCs

While large players may not be impacted, lesser-vintage firms could have to mend ways

Surrender value norms: Life insurers begin rolling out revised bestsellers

Most major life insurance companies have products in excess of 30. It was becoming difficult for the companies to revise all their products, in accordance with regulations by the deadline

RBI directs gold loan providers to review policies and practices

Additionally, the RBI, through a circular, instructed these lenders to ensure adequate controls over outsourced activities and third-party service providers

Net financial wealth of households touched all-time high in Q1 FY25

Motilal Oswal report shows assets have grown at a faster pace since the pandemic

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models

Staffing power up: HDFC Bank likely to overtake SBI in employee count

Numbers for industry show private banks are taking the lead in adding workers and setting up new branches

Regulatory scrutiny may dampen credit cards' festive season spirit

Pressure on unsecured lending may weigh on growth in spending through credit card

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

Life insurance firms to discuss norms on surrender value on Sept 27 meeting

The life insurance companies, through the council, had sought a three-month extension from Irdai on implementing the new norms

Shriram Finance raises $500 million from investors via USD Social Bonds

The company plans to tap the USD bond market again when interest rates ease further

HDFC Bank's loan growth in Q2 could dip below 10%: Macquarie Report

HDFC Bank has previously indicated that it will grow its advances at a slower pace than its deposits, as it seeks to bring down its elevated loan-deposit ratio to pre-merger levels

Private banks' employee strength grows 2.8 times in over a decade

During this period, the number of state-owned banks has decreased to 12 due to mergers, while the total number of private sector banks stands at 21

Credit card delinquencies rise even as retail credit growth moderates

Balance-level delinquencies in credit card segment stood at 1.8 per cent in Q1FY25 - highest among all other credit divisions

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

Post-Covid: Households shift to equities amid attractive returns

This trend is being amplified by strong returns in the equity markets in recent years, said Kotak Institutional Equities in a report

Phoenix ARC gets EOIs from ARCs for Rs 3,550 crore retail NPA sale

Based on requests received from ARCs, Phoenix ARC has decided to extend the due diligence period from September 16 to September 24

LIC appoints Infosys to build NextGen platform as part of DIVE programme

LIC previously received IT support from industry majors such as TCS and Tech Mahindra

Old lending practices a constraint in catering to agri sector: RBI dy guv

He highlighted that institutional credit to agriculture reached an all-time high of Rs 25.10 trillion during FY24