Page 102 - Finance News
Public sector banks must plan timely capital raise, says M Nagaraju
Each bank has its own unique set of challenges, manpower, systems, capabilities, and infrastructure
 "Public sector banks must plan timely capital raise, says M Nagaraju")
Perform or perish: RBI Guv Sanjay Malhotra to banks on customer service
"In this age of competition, we will not survive long if we do not provide quality service to our consumers," Malhotra said in a speech on Monday at the annual conference of the RBI Ombudsmen
 "Perform or perish: RBI Guv Sanjay Malhotra to banks on customer service")
Dollar dented by worries over Trump's tariffs; euro remains in favour
The euro has strengthened after German parties on Friday agreed on a fiscal deal that could boost defence spending and revive growth in Europe's largest economy
 "Dollar dented by worries over Trump's tariffs; euro remains in favour")
Indian Rupee strengthens to 3-week high as dollar extends fall
The dollar index was down 0.11 per cent, extending the monthly fall to over 3.6 per cent, the biggest since November 2022
 "Indian Rupee strengthens to 3-week high as dollar extends fall")
Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt
Replying to another question, Sitharaman said it has been decided by the government to constitute the 8th Central Pay Commission (CPC)
 "Banks wrote off bad loans worth Rs 16.35 trillion in last 10 years: Govt")
State Bank of India shelves $1.7 billion fund raising as yields elevated
The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year
 "State Bank of India shelves $1.7 billion fund raising as yields elevated")
Rupee rises 25 paise to 86.80 against US dollar during early trade
Forex traders said the rupee could extend its gains in the near-term, as the dovish Fed expectation has pressured the greenback, further aiding the rupee's recovery
 "Rupee rises 25 paise to 86.80 against US dollar during early trade")
Indian Rupee opens stronger, trades below 87 mark as dollar extends fall
The Rupee extends its gains to over 0.7 per cent in March after seeing five consecutive months of decline
 "Indian Rupee opens stronger, trades below 87 mark as dollar extends fall")
BFSI GCCs reach new heights in India with neo and mid-sized banks
Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC
 "BFSI GCCs reach new heights in India with neo and mid-sized banks")
Credit-deposit growth gap likely to dip sharply in FY26: India Ratings
Rating agency says this would be in wake of sharp moderation in incremental LDR in February
 "Credit-deposit growth gap likely to dip sharply in FY26: India Ratings")
IndusInd Bank case a rare instance when RBI cited its 'LOLR' role
Central bank can rescue a bank that is solvent but has temporary liquidity woes
 "IndusInd Bank case a rare instance when RBI cited its 'LOLR' role")
New India Bank case: Accused surrenders before EOW; six arrested so far
Arunachalam Ullahanathan Maruthuvar (62), who had been absconding for the past month, surrendered at the EOW office in south Mumbai in the morning
 "New India Bank case: Accused surrenders before EOW; six arrested so far")
Financial services adoption increases with more women participation
The survey was conducted across 10,000 agents in the country, recording financial transactions of women consumers
 "Financial services adoption increases with more women participation")
Rising micro loan stress: Lenders tap digital debt collection platforms
Spocto X and Credgenics are end-to-end debt collection platforms focused on digitizing the entire collection process
 "Rising micro loan stress: Lenders tap digital debt collection platforms")
NaBFID in talks with ADB, WB for counter-guarantees to infra projects
DFI's loan book expected to touch Rs 3 trillion by FY28
 "NaBFID in talks with ADB, WB for counter-guarantees to infra projects")
Sa-dhan seeks new MFI refinance body, calls for more equity support
Sa-dhan has urged the government to set up a dedicated MFI refinance body and increase flexibility in the India Microfinance Equity Fund to address funding challenges in the microfinance sector
 "Sa-dhan seeks new MFI refinance body, calls for more equity support")
RBI awarded digital transformation Award 2025 for digital initiatives
The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI's internal and external processes
 "RBI awarded digital transformation Award 2025 for digital initiatives")
Flipkart-backed super.money joins top five UPI apps club: NPCI data
The Bengaluru-based fintech firm, which has been offering cashbacks on UPI transactions, overtook Cred, which processed 126.48 million the same month
 "Flipkart-backed super.money joins top five UPI apps club: NPCI data")
Securitised pools face pressure as collections dip on unsecured loans
The collections of microfinance pools have declined to about 90 per cent in the third quarter of financial year 2025 (Q3FY25) from around 97 per cent at the beginning of this year
 "Securitised pools face pressure as collections dip on unsecured loans")
Climate risks: RBI moots common pool of projects to enhance financing
Stressing the need for regulated entities to consider creating a common pool of bankable projects for climate related finance, RBI Governor said