Page 307 - Finance News

SBI received Rs 8,800 crore from DFS in FY18 without asking for it: CAG

The department under the finance ministry did not conduct an assessment of the capital requirement according to its own standard practice before recapitalisation

Many cases may have to be reopened after SC ruling on borrowers' voice

Bankers said the decision won't deter them from marking an account as fraudulent

After Supreme Court's fraud tag verdict, responsibility now on banks

Borrowers - small and large - can now seek a relook at their cases

SJVN gets Rs 915 crore from Japan Bank for International Cooperation

State-owned SJVN Ltd has secured Rs 915 crore 'GREEN' finance from Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh

Full-KYC Paytm wallets can now make payments across all UPI QR codes

Move comes after NPCI announces KYC wallet interoperability

Credit card loans aid over 182,000 street vendors, jobless in Rajasthan

The scheme started in August 2021 to provide support to youths who lost their livelihood owing to the pandemic

Banking crisis raises concerns about leverage lurking in financial system

More than a dozen regulators, bankers, asset managers and former central bank officials say shadow debt and its links to lenders are becoming a major cause for concern

Debt fund taxation changes to impact corporate bond demand: Fund managers

Fund managers expect mutual funds to focus more on actively managed funds which can allow for higher returns and balance out the impact of higher taxes

Finance minister asks public banks to take stress tests; what are these?

Bank stress tests were introduced after the 2008 financial crisis, and they revealed the vulnerability of banks to market crashes and economic downturns

What are municipal bonds, and why do investors prefer them over corp bonds?

Municipal bonds are primarily issued to raise money for financing infrastructure projects like building parks, libraries, schools, police departments and community centres

Indian banks to gain $36 bn in deposits as mutual funds get taxed

The move comes as a respite for the financiers as the widening gap between credit off-take and deposits has sparked risks of asset-liability mismatches and pushed up funding costs

EPFO likely to decide rate of interest on EPF deposits for FY23 by Tuesday

Besides interest rate, the CBT will also discuss the annual accounts of the EPFO for 2022-23

Can't declare a borrower 'fraud' without hearing him first: SC tells RBI

The apex court upheld a judgement passed by the Telangana High Court in December 2020 stating that the principles of "audi alteram partem" must be applied before declaring a party as fraud

India asks state-run banks to monitor top loan accounts strictly: Reports

Indian banks, in the past, have had to take deep haircuts on their exposure to debt-laden companies admitted under bankruptcy legislation

Rupee appreciates 9 paise to 82.31 against US dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 103

G20 push: Over 30 big cities on list to tap municipal bond market

Surat, Vizag may issue bonds soon as Centre renews urban infra focus

RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts

The two key factors which the committee will deliberate intensely while firming up the next monetary policy are elevated retail inflation

Revised guidelines to digitise fund flow architecture in MPLADS

Developed by State Bank of India, the portal is part of the revised guidelines that aim at facilitating real-time monitoring, increasing transparency and accountability

EPFO board meet on Monday: Interest rate, higher pension top agenda

The meeting is also likely to focus on the steps to widen the social security organisation's coverage to embrace about 100 million workers and address the dip in its corpus

Govt tells PSBs to monitor, make provision for companies' pledged shares

Directs banks to double down on comprehensive stress testing of portfolios at micro-cluster level