Page 296 - Finance News

Large corporates will never be allowed to open a bank in India: N Vaghul

Large corporates will never be allowed to open a bank in India, veteran banker N Vaghul has said

State-run banks likely to launch special drive to recover written-off loans

The government has instructed public sector banks (PSBs) to focus on written-off loans, a senior official said

As risks loom, RBI asks banks not to increase exposure to unsecured loans

The RBI has instructed banks to limit their unsecured loan portfolios to the levels seen in FY23, a CEO of a private bank said

ESMA row: EU banks likely to turn Indian entities into subsidiaries

ESMA's decision followed the Reserve Bank of India's refusal to grant the European regulator supervisory powers over the Indian CCPs

Tata Capital in talks with lenders to raise Rs 10,000 crore via debt

Tata Capital is getting aggressive in the retail loans segment and the majority of funds raised this quarter will be for home loans and personal loans, according to a banker

India's foreign exchange reserves decline by $2.1 billion to $584.2 billion

Gold reserves dropped by Rs 24 million to Rs 46.151 billion, the RBI said

Rupee continues to make gains against dollar for 2nd consecutive month

Rupee, after depreciating 11 per cent in 2022, has seen its fortune swinging in 2023 as it has gained 1.1 per cent against the dollar

A snapshot of term insurance offered by various firms

Here is a snapshot of term insurance offered by various firms

Godrej Consumer to Axis Finance: Companies announce raising more funds

The list includes names like Muthoot Finance, IIFL Finance, and Magnite Developers, as well as banks like Canara Bank

Axis Bank has adequate capital to absorb quarterly loss, says S&P report

Bank's ability to pay dividends is protected, net credit costs have declined: Ratings agency

S&P affirms HDFC Bank's long-term issuer credit rating at 'BBB-'

The bank's strong management and governance structure should help in the planned merger of mortgage lender Housing Development Finance Corporation Ltd (HDFC) with itself

Centre likely to seek different taxation policy for games of skill, chance

The finance ministry will present its view when the GST Council discusses the report of a Group of Ministers (GoM) on online gaming, sources said

FinMin considering classifying online games as games of skill, chance

A final decision on the taxation on online gaming would be taken by the GST Council in its next meeting, which is likely in May or June

Stress tests show Indian banks can tackle 'severe' instability: RBI Guv Das

RBI governor Shaktikanta Das said that the gross NPAs of Indian banks stood at 4.41% as on December 31, 2022

RBI removes restrictions on individuals from opening interest-earning FCAs

The long-awaited amendment by the RBI now puts IFSC at par with other jurisdictions when it comes to remittances

Tata Capital to LIC Housing finance: Companies to raise funds from markets

Punjab & Sind Bank will raise funds through the sale of certificates of deposit maturing in three months

High-balance bank accounts without updated KYC under govt's radar

The RBI has instructed banks to finish updating KYC on a recurring basis for all customers with active accounts by June 2023, an official said

Yield at state govt bonds auction eases by 16 bps; 4 states raise Rs 6K cr

This is only a third of the indicated amount of about Rs 18,900 crore. Tuesday was the last weekly auction of April 2023

AU Small Finance Bank reports highest quarterly profit of Rs 425 cr in Q4

AU Small Finance Bank on Tuesday reported its highest ever quarterly profit of Rs 425 crore in March quarter, up 23 per cent year-on-year

AU Small Finance Bank reports net profit of Rs 425 crore in Q4

Net interest income - the difference between interest earned and interest expanded - was Rs 1213 crore for the Q4, up 30% from the same period of the previous financial year