Page 59 - Subrata Panda

Banks start raising their lending rates for external benchmark loans

ICICI Bank raises its rate to 8.10%; BoB ups repo-linked rate to 6.90%

LIC IPO fully subscribed on day 2 of opening; offer closes on May 9

Sees participation from 3.6 mn individual investors; policyholders lead

Lending rates set to rise; interest rates on deposits may also move up

Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark

Kotak Mahindra Bank's consolidated net rises 50% to Rs 3,892 cr in Q4FY22

The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%

Positive start: LIC's mega share sale subscribed 67% on first day

Interestingly, LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market

LIC IPO sees 27% subscription in two hours, muted non-institutional demand

The non-institutional category, consisting of corporates, individuals, and others has seen muted demand, with only 5 per cent subscription so far

HDFC's net profit up 16% at Rs 3,700 cr in Q4; beats street estimates

Net interest income of the lender increased by 14 per cent to Rs 4,601 crore in Q4FY22, aided by higher loan growth

Fino Payments Bank holdco tweaks rule on voting day to eject bank chief

The resolution to reappoint Mahendra Kumar Chouhan and Punita Kumar-Sinha was voted down by 80% of shareholders, which included 100% of the promoter group

UPI hits record high in April with 5.58 bn transactions worth Rs 9.83 trn

Value of transactions doubled on YoY basis

HDFC hikes home loan rates for existing customers by 5 bps effective May 1

This comes after many large banks, including SBI increased their marginal cost of funds-based lending rate by 5-10 bps

HDFC hikes retail prime lending rate on housing loans by 5 bps

HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier

YES Bank Q4: Lender logs Rs 367 cr as net profit, NII rises 84% YoY

Provisions fell significantly to Rs 271 crore in Q4FY22 compared to Rs 5,113 crore in the year-ago period.

LIC IPO: Irdai raises investment limit for insurers in BFSI sector to 30%

This could free up more funds to invest in the largest IPO, say industry insiders

LIC eyes investments from corporate and bank treasuries in IPO

Insurance behemoth has over 1% holding in 47 Nifty50 firms

No constraint on tech spends: ICICI Bank executive director Anup Bagchi

The latest offering from the bank is a comprehensive digital ecosystem for all micro, small and medium enterprises (MSMEs) in the country, including customers of other banks

LIC will be fifth most-valued firm post IPO with m-cap of Rs 6 trillion

Valuation fair and attractive; won't dilute stake for a year: Govt

'65 million PAN numbers have been linked to LIC policies', says M R Kumar

The investor interest has been quite good. It is especially good as far as the domestic investors are concerned: M R Kumar

Payment gateways avoid powering crypto exchanges given RBI reservations

Recently, NPCI had clarified that it is not aware of any crypto exchanges using UPI after Coinbase, America's largest crypto exchange said it has tied up with UPI

HDFC Life's net profit jumps 12% to Rs 357 cr; VNB margins at 29.3%

The firm settled some 390,000 claims in FY22, with gross and net claims paid of Rs 5,804 cr and Rs 4,328 cr, respectively. It was carrying excess mortality reserves of Rs 55 cr at the end of Q4

Our job is to take RuPay to everyone, says NPCI COO Praveena Rai

Praveena Rai, chief operating officer, National Payments Corporation of India speaks to Subrata Panda about the journey of RuPay and the aim of the umbrella organisation for operating retail payments