Page 15 - Subrata Panda/workspace/business Standard Web/video

Looking at double-digit growth for SME banking in India, says Xie Wen

I see that in India, manufacturing is certainly growing, and services continue to be a very important and big driver of the economy, says Wen

HDB Financial IPO pricing reflects investor feedback, say bankers

The IPO, which opens on June 25 and closes on June 27, has kept a price band of ₹700-740 per share

Yes Bank extends CEO's tenure by 6 months: Move to help SMBC steer strategy

Kumar has led the bank since its reconstruction in March 2020. He was first appointed the bank's administrator and later made the MD & CEO

Happy as NBFC unless there's glide path to becoming a bank: Umesh Revankar

Microfinance can never be a sunshine sector because every 5-6 years it gets into some kind of challenges, says Revankar

ESAF Bank to sell ₹735 cr in NPAs, write-offs amid MFI sector stress

ESAF Small Finance Bank approves sale of ₹735 crore in stressed loans to ARCs, with over 90% provisioned; microfinance delinquencies continue to weigh on sector

Transition woes: SFBs' long bumpy road to becoming universal banks

The RBI requires SFBs to provide a detailed rationale for their desire to convert into a universal bank. Those with a diversified loan portfolio will be preferred

Piramal Finance raises Rs 2.9K cr via bonds backed by mutual funds

Funds raised through three tranches will be used for onward lending, refinancing, debt repayment and short-term investments, says the Piramal Enterprises NBFC arm

Credit growth drops to 8.97% in May, lowest level in three years

Credit growth slows as banks tighten lending amid stress in microfinance and unsecured loans; deposit growth outpaces credit by 100 bps in May 30 fortnight

RBI gives Yes Bank MD & CEO Prashant Kumar 6-month extension: Lender

Kumar got his first extension in October 2022 for a three-year period till Oct 25

Crash likely to trigger claims up to $150 mn for insurers, reinsurers

About 10 per cent of the claims are likely to come on the books of Indian insurers and reinsurers, according to industry observers

Change of stance to neutral doesn't mean pause on rate cut: Economists

The MPC, last week, cut the policy repo rate by 50 basis points (bps) to 5.5 per cent, surprising markets, which had largely priced in a more modest reduction of 25 bps

Zero-coupon bonds struggle to retain investor demand amid mkt trend shifts

Monetary-policy easing, an abundant liquidity infusion, and a cut in the cash reserve ratio (CRR) cut by the Reserve Bank of India (RBI) in the recent monetary policy review weighed on bond yields

HDFC, ICICI Bank cut retail deposit rates after RBI repo rate reduction

HDFC Bank and ICICI Bank lower fixed deposit and savings account interest rates following the RBI's 50 basis point repo rate cut amid slow policy transmission

Three months after Panda's exit, Irdai chairperson post remains vacant

Absence of a regulator stalls key insurance reforms including Bima Trinity, composite licence, and risk-based capital framework

Jana Small Finance Bank applies to RBI for transition to universal bank

Jana Small Finance Bank has applied to the RBI for voluntary transition to a universal bank, meeting key financial criteria including NPAs below regulatory thresholds for two years

PFC withdraws zero-coupon bonds issuance due to weak investor demand

PFC shelves bond issue for the second time in weeks as investors demand higher yields, citing losses on REC's earlier ZCB issue and shifting bond market dynamics

We should just go for unified licences; must open up distribution: Singhel

Human memory is very short. The demand for health insurance is still fine, we still have a double digit growth, Tapan Singhel said

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

The bank rejected the "malicious and baseless allegations" levelled against HDFC Bank's MD and CEO Sashidhar Jagdishan

Things 'should soon settle down': RBI on IndusInd Bank's measures

RBI says it is satisfied with IndusInd Bank's accounting clean-up post derivatives irregularities but stresses it will act if necessary and has sharpened supervision tools

RBI reviewing bank ownership structure, says Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra says the central bank is examining bank ownership structure and eligibility norms for licensing to meet the growing needs of an expanding economy