Page 285 - Finance News

Karur Vysya Bank in expansion mode; sets up 800th branch in Chennai

Private sector Karur Vysya Bank on Monday under its expansion drive inaugurated its 800th branch in the city, a top official said

Corporate sector begins to contribute to growth of GFCF: ICICI Securities

The corporate sector has begun contributing to the growth of gross fixed capital formation (GFCF) in FY23, said ICICI Securities Ltd in a report

Cash transactions dramatically spike at petrol pumps, online orders: Report

One of major benefits of Centre's decision to withdraw the Rs 2,000 currency note might be the immediate uptick in consumption demand, according to State Bank of Indias Economic Research Department

Reserve Bank of India may need to pump in funds on liquidity crunch

GST payments and quarter-end credit demand may lead to such a situation

New TCS norms on credit card spends: More than a matter of exchange

Money changers are miffed at the tax exemption for credit card forex spends of up to Rs 7 lakh a year under the liberalised remittance scheme

Everything you want to know about IDBI Bank

Consultation with the RBI is on to check how many technical bidders are 'fit and proper'. In the next stage, financial bids will be called and IDBI Bank will open up the virtual data room for bidders

Enforcement sees paradigm shift by RBI

Regulated entities should realise that the central bank's enforcement actions carry reputation risks, erode investor confidence, and impact the chief executive's tenure

RBL aims to expand NIMs; credit cards, MFIs to outpace loan book growth

RBL Bank is targeting to expand its net interest margin (NIM) to over 5.2 per cent by the end of FY24 by upping the share of higher-yielding assets in its loan book, a top official has said.

Reports of missing Rs 500 notes based on erroneous information, says RBI

"The RBI emphasizes that these reports are not correct," the regulator said in a press release

Tamil Nadu woos fintech firms; hopes to raise Rs 12,000 cr for Fintech City

State allots 56 acres for project, aims to create 80,000 jobs

GST Council may vet CBIC's plan for additional validations in return filing

The GST Council in its meeting next month is likely to consider CBIC's proposal to introduce additional validations in the GST return filing system to check evasion and fake input tax credit claims

Reports of missing Rs 500 notes based on erroneous information, says RBI

Following these claims, the central bank has urged the public to rely on the information published by itself in cases pertaining to such matters

RBI imposes Rs 20 lakh fine on Manappuram Finance NBFC norms violation

The Reserve Bank has imposed a penalty of Rs 20 lakh on Manappuram Finance for non-compliance with certain provisions of the NBFC norms

Sebi issues guidelines on product offerings by online bond platforms

Capital markets regulator Sebi on Friday restricted online bond platform providers from offering products other than listed debt securities on their platforms

Delayed monsoon can impact inflation, expect CPI at 5.2%: Deutsche Bank

The rainfall is 53 per cent below the normal so far and the arrival of the southwest monsoon has been delayed across the country, leading to late sowing of the summer crop

Pvt banks' slippages from Covid recast nearly double than that of PSBs

Both categories of banks are also seeing a convergence in their asset quality and credit cost related parameters, it said

Farmers in Rajasthan to get housing loans under cooperative scheme

The loan will be for the long term, that is, up to 15 years

IndusInd Bank, Wise to offer low-cost and online inward remittance services

Shares of IndusInd Bank, on Friday, rose over 1 per cent at Rs 1,314.45 on BSE

Equitas SFB gets RBI approval to re-appoint Vasudevan as MD, CEO

Reappointment effective from July 23, 2023, lender told BSE

Banks ask RBI to frame policy for silver loans similar to gold metal loans

Under the current Gold Monetisation Scheme, 2015, banks can give gold loans to jewellery exporters or domestic makers. The loan, equivalent to the value of gold borrowed, needs to be repaid in rupees