Page 307 - Finance News

BoM logs 30% loan growth, total business crosses Rs 4 trn in Q4 FY23

Total deposits of the bank increased by 15.7 per cent to Rs 2.34 lakh crore as against Rs 2.02 lakh crore at the end of the fourth quarter of the previous financial year

Bandhan Bank's total deposits rise 12.2% at Rs 1.08 trn in Q4FY23

Bulk deposits were at Rs 31,125 crore compared with Rs 21,890 crore in the fourth quarter of 2021-22, registering a growth of 42.2 per cent

RBI monetary policy: Will the central bank hike repo rate again tomorrow?

RBI MPC: If the RBI announces another rate hike tomorrow, it will take the repo rate to the highest level since April 2016, when it was 6.75 per cent

Rupee appreciates by 24 paise to 82.08 against US dollar in early trade

The local unit was trading at 82.08 to a dollar at 9.35 AM. It had closed at 82.32 on Monday. Forex markets were closed on Tuesday for Mahavir Jayanti

Private banks slower than public sector banks in raising interest rates

The hike in lending rates of all scheduled commercial banks on outstanding loans since May 2022 has been only 95 bps

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