Page 300 - Finance News

Reserve Bank begins evaluating five potential bidders for IDBI Bank

Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest, two of the people said, speaking on condition of anonymity

MCC Bank records pre-tax profit of Rs 12.20 cr in FY23, cuts NPA level

The Mangalore Catholic Cooperative (MCC) Bank, one of the pioneers of cooperative banks in Karnataka, has recorded a pre-tax profit of Rs 12.20 crore in the 2022-23 financial year

'RBI's proposal to regulate bank penal charges could dent lenders revenues'

"We believe there could be some negative revenue impact for banks," Morgan Stanley analysts wrote in a research note

Rupee appreciates 18 paise to 81.93 against US dollar in early trade

On Wednesday, the rupee closed at 82.11 against the US currency

RBI okays re-appointment of Sanjay Agarwal as MD of AU Small Finance Bank

The re-appointment is valid with effect from April 19 till April 18, 2026, AU Small Finance Bank said in a statement

Bajaj Finance raises Rs 1,955 crore through medium term bonds

It raised Rs 760 crore of term money through five-year bonds at 7.9 per cent coupon. The base issue size was Rs 350 crore, with greenshoe option of Rs 1,750 crore, bond dealers said

Reserve Bank of India proposes threshold for penal charges on loans

Individual fine amounts cannot be higher than non-individual borrowers

Bank of India plans to raise Rs 6,500 crore in FY24 to fund its growth

BoI had raised Rs 1,500 crore capital through additional tier-1 bonds in the third quarter of the previous financial year

UBS Group weighs retaining Credit Suisse's private banking unit in India

Credit Suisse has just over 40 wealth management employees in India, and around 7,000 people overall in the country, according to a spokesperson for the bank

RBI permits Karnataka Bank to collect direct, indirect taxes for CBDT, CBIC

This has been done on the recommendation from the Controller General of Accounts (CGA), Ministry of Finance, Karnataka Bank said in a regulatory filing

HDFC Bank ties up with Export Import Bank of Korea for $300 mn credit line

This agreement will help HDFC Bank raise foreign currency funds which it would extend to Korea-related businesses, said the release

Canara Bank, Bharat BillPay tie up for cross border bill payments in Oman

NRIs can now leverage the robust platform offered by the Bharat Bill Payment System (BBPS) to make bill payments on behalf of their families through the Musandam Exchange, a statement said

Lenders to step up work on large size loans under MUDRA scheme

SBI to tap supply value chains for referrals

ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000

Customers can pay transaction amount above Rs 10,000 in the form of instalments in three, six, or nine months

Bank of America clients withdraw $2.3 bn from US stocks of all sizes

That was the second consecutive week of outflows, BofA strategists led by Jill Carey Hall wrote in a note Tuesday

Indian companies to see higher interest burden in FY24 against FY22: Report

India Ratings & Research also expects the cost of debt to increase across different categories irrespective of the size of the firms

HDFC Bank to raise up to Rs 50,000 crore through bonds in FY24

Previous largest bond raise was by SBI at over Rs 38,850 cr in FY23

Corporates stare at 25% jump in financing cost this fiscal: Report

To tame the stubbornly high inflation, the Reserve Bank has hiked the key policy rates by 250 bps so far since May 2022 and at 6.50 per cent it is already 25 bps more than the pre-February 2020 levels

DBS Bank to enter affordable home loan segment by end of this fiscal

The bank is looking to launch the product during the fourth quarter, DBS Bank India Executive Director (Head-National Distribution) Bharath Mani said here

IBA reaching out to start-ups for funding needs, says DPIIT official

Only DPIIT-registered start-ups are eligible for funding under various support schemes of the industry department