Page 280 - Finance News

SBI to revamp Wealth Management biz, rope in consultant to firm up roadmap

Plans to grow by three-fold from current Rs 2.95 trillion

India's forex reserves rise to $596.10 billion in week to June 16

The rupee had risen 0.6% in the week ending June 16, logging its best week in over three months. It traded in a range of 81.8575 to 82.4750 during that week

RBI imposes fine on Jammu and Kashmir Bank, Bank of Maharashtra, Axis Bank

In another statement, the RBI said a penalty of Rs 30 lakh has been imposed on Axis Bank

Inflation is slowing down personal consumption expenditure: RBI paper

The Reserve Bank, however, said the views expressed in the bulletin articles are of the authors and do not represent the views of the Reserve Bank of India

Moody's affirms Yes Bank's ratings, financial performance to remain stable

Yes Bank's capital improved post a capital raise from private investors in 2022, Moody's said

Rate hikes depend on India's inflation, not Fed, say external MPC members

Domestic markets have been concerned about India being pressured to follow the US Federal Reserve in raising rates to ensure that a too-narrow rate differential does not restrict dollar inflows

India and UK regulators close to resolving clearing house impasse

The legal framework of India, as implemented by the RBI, provides for an effective equivalent system for the recognition of central counterparties authorised under other regimes of other countries

Manipur violence: What are RBI's riot relief measures invoked by the state?

The rules under these measures specify several norms that must be followed for restructuring the loans, providing fresh loans and other measures, including KYC norms

Swap rates increase amid global central banks' hawkish sentiment

While Turkiye raises interest rate 650 bps to 15%, Bank of England raises it by 50 bps to 5%

MPC minutes: RBI members diverge on further rate hikes amid growth risks

The RBI in its policy also brought back the focus on 4% as the medium term target of the MPC and not just the 2-6% band

Lenders appoint SBI Caps as advisor for Rs 2,000 cr debt resolution of VIPL

As per the terms of reference, SBI Caps will invite bids for the sale or one time settlement (OTS) of VIPL debt

Fund pick: ICICI Pru Medium Term Bond

Fund pick of ICICI Pru Medium Term Bond

A snapshot of health insurance plans offered by various firms with details

Here is how the health insurance plans offered by various companies stack up

RBI directive on one-time-settlement with defaulters can derail banks: MP

In a letter to Union Finance Minister Nirmala Sitharaman, Viswam said that by offering lenient settlement terms to individuals and entities that have deliberately evaded their repayment obligations

Rupee globalisation to spur easier trade with other nations: Ex-RBI dy guv

"India's share of global trade, both exports and imports, is around 7%," said Thorat. "Similarly the share in financial flows is also around the same"

Indian banks looking for a bigger stake in digital India via own QR codes

Lenders are leveraging partnerships with fintechs and technology service providers to manage their apps and QR codes

Non-banking lender SMFG India Credit eyes Rs 75,000 cr loan book by FY26

Mid-sized non-banking lender SMFG India Credit, formerly Fullerton India Credit, is looking at doubling the loan book over the next two-three years from the present Rs 36,000 crore.

IIFCL targets to raise Rs 17,000 crore from bond issuances in FY24

As the bond borrowings go up, the share of bank borrowings will go down

Treasury-bill auction sees firm demand on hopes of improving liquidity

Surplus liquidity in the system, as indicated by the amount of funds that banks park with RBI, increased to Rs 34,843.21 crore on Tuesday, from Rs 18,657.21 crore on Monday

Rupee ends higher on dollar inflows; Fed's testimony to lawmakers in focus

Foreign investors have poured about $1.8 billion into Indian equities this month, having bought shares worth $5.1 billion in May