Page 241 - Finance News

Not much impact on margins: RBL Bank on RBI norms for unsecured loans

RBL Bank has Rs 18,572 crore in credit card outstanding as of Q2 and provided for more than the regulatory mandate, so there is no hit on this, Subramaniakumar said

Rupee volatility low, exhibits orderly movements relative to peers: RBI Guv

He said this is courtesy the strength of the underlying macro-fundamentals of our economy and the reassuring forex buffers

Banks, NBFCs need to be watchful of stress building up: Shaktikanta Das

'Banks and NBFCs must continue to do stress tests of their books,' RBI Governor Shaktikanata Das said on Wednesday

SBI rejigs portfolio of MDs, DMDs, Vinay Tonse appointed managing director

Vinay Tonse will now look after retail banking and operations, which was earlier with Alok Kumar Choudhary

Syndicate of 48 fake firms availing over Rs 199 cr false ITC claims busted

The Central Goods and Services Tax (CGST) Delhi East Commissionerate commenced coordinated 'Operation Clean Sweep' against fake billers, based on gathered human intelligence

Govt cancels IDBI Bank asset valuer appointing bid, fresh RFP to be issued

The government, along with LIC, is selling nearly 61 per cent stake in IDBI Bank and in January received multiple EoIs for the same

RBI approves Hinduja Group directors on board of bankrupt Reliance Capital

Central bank clears resolution plan for Reliance Capital by IIHL BFSI (India)

Higher risk weight on unsecured bank loans credit positive: Moody's

The Reserve Bank last week raised risk weights on unsecured retail loans, credit cards and lending to non-banking finance companies (NBFCs) by 25 percentage points

Private banks make largest single-day govt bond purchase in 7 years

A large corporate likely bought around 50 billion rupees of the benchmark paper through a private sector bank, traders said

Investment via participatory notes slip to Rs 1.26 trillion in Oct

Before registering a decline in October, investments through P-notes have been increasing continuously since March, following the stable Indian economy against an uncertain global macro backdrop

Medium & small NBFCs may require debt funding worth Rs 2.2 trn: ICRA

The capital profile of the larger NBFCs has improved after FY 2019 as the growth slowed down

Retirement fund body EPFO adds 1.7 million net members in September

This demonstrates that a majority of the members joining the organised sector workforce of the country are youth, who are mostly first-time job seekers, it explained

Penal amount hike on the cards as RBI likely to revamp framework

Scale-based approach to enforcement, key mgmt personnel on the radar

Fusion MicroFinance plans to cut its bank funding share to 55-60%

The first focus for the Gurugram-based BSE listed lender is to bring down the share of bank funding in resources to 76-77 per cent in the near term

The rise and rise of personal loans

Higher risk weight will increase the cost of capital for such loans for lenders and discourage them to go overboard

Women accorded top priority under PM Mudra Yojana scheme, says Sitharaman

Distributing sanction letters to beneficiaries under the PM SVANidhi Se Samriddhi programme which offers loans to street vendors

Finance ministry asks PSU banks to take measures to bolster cybersecurity

The Finance Ministry and RBI have been sensitising banks on this aspect at regular intervals amid the growing digitisation in the financial sector.

Banks set to increase interest rates on unsecured loans and NBFCs

Demand to slow down post rate increase

RBI permits banks to open additional current account for export proceeds

India has been trying to promote rupee trade following the Russia-Ukraine war and the sanctions imposed by the West

Hike in risk weights to affect banks' CAR by 60 basis points: S&P Ratings

The lending poses a risk for incremental nonperforming loans (NPLs). The increase in risk weights by the RBI is a prudent step, it said