Page 304 - Finance News

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs

Ease of movement of funds on digital platforms and deployment of money by businesses from current accounts also played a role in pruning the share of CASA money

Signature Bank insiders sold $100 mn in Stock, Wall Street Journal Says

They sold many of the shares in 2021 at around $220, before the stock hit an all-time high of $366 in early 2022, according to the report

Bajaj Finance booked highest ever new loans in FY23 at 29.6 million

AUM grew 29% YoY in Q4 to Rs 2.47 trillion

Cryptocurrency phishing attacks have grown by 40% in one year, says report

According to cybersecurity firm Kaspersky, the financial threat landscape has seen significant changes in 2022

SBI to find out reasons behind outage, ensure such event don't recur

Surge in digital payments in the past few years has highlighted the need for banks to raise the capacity of their digital platforms

Truly sorry that we could not keep the trust, says Credit Suisse chairman

After years of scandal and losses, Credit Suisse came to the brink of collapse before UBS rode to the rescue with a merger engineered and bankrolled by the Swiss authorities

Decoded: Life behind the ATM and how the cassette-swap mode will change it

Will the interchange fee after free transactions increase with the shift to cassette-swap mode?

Neeraj Nigam new RBI executive director, will lead consumer education dept

Central bank executive was regional director of Bhopal office, holds bachelor's degree in civil engineering

SBI digital services impacted due to tech glitch, resolved later

Earlier in the day some customers complained in social media that they were unable to access net banking, Unified Payment Interface (UPI) of SBI

HDFC Bank's advances rise 17% YoY to Rs 16 trillion; deposits up 21%

The lenders' CASA deposits grew by 11.3% to Rs 8.03 trillion

Dhanlaxmi Bank sees 23% rise in gold loan book; total deposits up 7%

The bank's total business grew 11.26 per cent to Rs 23,194 crore as on March 2023

RBI has a responsibility to promote sustainable economic growth: DG Rao

Says banks have a role to play by making finance available to incentivise sustainable initiatives

Bankruptcy resolutions yielding lower realisations, taking longer: Report

For those opting for liquidation, the quantum of money realised as a percentage of the creditors' claims is in single digits, the agency said

Stronger buffers for Indian bank deposits as world faces financial crisis

Customer confidence may improve if recovery time, insurance coverage is better

Rupee weakens against dollar after OPEC+ supply cut, recovers later

According to a UBS India report, the rupee is likely to strengthen as the current account gap is expected to narrow in FY24

HDFC Bank records 16.9% increase in credit growth at Rs 16 trillion

Corporate and other wholesale loans rose around 12.5 per cent over March 31, 2022 and around 4.5 per cent over December 31, 2022, it said

Finance Ministry to constitute 16th Finance Commission this year

The Finance Ministry in its FY24 Budget has allocated a token Rs 10 crore for establishing attached offices for the 16th Finance Commission

Net direct tax collections grow 18% to Rs 16.61 trn in FY23, exceeding RE

The net direct tax collections, which include taxes from individuals and corporations, have exceeded the BE by 16.97 per cent and RE by 0.69 per cent

RBI to issue new 5-year bond on April 6, seeks to raise Rs 8,000 cr

The Central government has indicated that it wants to mobilise up to Rs 33,000 cr through auction of three securities maturing in 2028, 2033 and 2052

Geojit Credits launches digital loan against mutual fund holdings

Geojit Credits, a non-banking financial company (NBFC), on Monday announced the launch of Loan Against Mutual Fund (LAMF)