Page 243 - Finance News

InCred secures commitment to raise Rs 500 crore, to join unicorn club

Latest funding round values company at $1.05 bn

Fund pick: Nippon India Large Cap

Fund pick of Nippon India Large Cap

India vulnerable to recurring, overlapping food price shocks: RBI Guv Das

India's retail inflation eased to a three-month low of 5.02 per cent in September on the back of softer vegetable prices, but remained above the RBI's 4 per cent target

Insurance ombudsman disposes of 92% of complaints in FY23

The Delhi centre disposed of all the 5,257 complaints it got during the year

MFIs need to focus on data privacy, cyber security: SBI MD Choudhary

He said, MFIs should also focus on capacity building to deal with the challenges of the future

ED raids Kandala Service Cooperative Bank in southern Kerala district

The ED raided the Kandala Services Cooperative Bank near Kattakada here following reports of alleged irregualarities of several crores at the bank

Regulated entities to follow new IT framework from April 2024: RBI

The framework will specify the roles and responsibilities of the board of Directors, board level Committee and Senior Management

Fintech may emerge as substitute for traditional banking: RBI's CAFRAL

CAFRAL is a non-profit organisation set up by the RBI in 2011 to promote research and learning in banking and finance

SBI can fend off rising risks In personal loans, says S&P Ratings

SBI's personal loans are growing faster than the rest of its portfolio. However, the bank's customer selection mitigates the associated risks

Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley

As the world's third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices

Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2

The deposit and advances of the Pune-based lender posted an over 20 per cent rise, the highest by any public sector bank during the July-September period

Larsen & Toubro raises Rs 1,500 crore funds through sale of 150,000 NCDs

The debentures are proposed to be listed on the National Stock Exchange, L&T said in a regulatory filing

Funding deficit for climate adaptation puts some nations at high risk: UN

The adaptation finance gap is the difference between the estimated costs of adapting to climate change in developing countries and the amount of finance available to meet these costs

6 Indian banks win UK HC challenge over unpaid loans by Singapore's GVK

The court heard that the case dates back to 2011 and 2014 when loan facilities were made available to GVK Coal Developers, which the banks argued were long overdue

Corporate funding in energy storage falls 31% to $15.2 bn: Mercom Capital

The segment had attracted USD 22 billion worth of investments during the nine month period last year, the research firm said in its latest report

Fund pick: UTI Flexi Cap Fund

Fund pick of UTI Flexi Cap Fund

CEA V Ananatha Nageswaran sees RBI holding fire if US Fed hikes rate again

The Federal Reserve left interest rates unchanged on Wednesday while still keeping alive the possibility of more hikes given inflation remains above its 2 per cent target and economic growth is strong

India's UPI transactions scale new high in Oct; clock Rs 17.2 trn in value

According to data shared by the NPCI, this is 56 per cent higher in volume terms compared to 7.30 billion in October 2022 and 42 per cent higher in value terms compared to Rs 12.12 trillion last year

Unsecured retail loans burgeoned on banks' books in Covid-19's aftermath

As regulated entities expand the retail portfolio and tap the new-to-credit segment, more through unsecured loans and with less-than-ideal emphasis on credit histories, delinquencies could rise

Tech is critical, but banks won't like to be tech companies: Citi India CEO

Banks build relationship of trust with customers and use technology as an enabler, says Ashu Khullar, CEO Citibank India