Page 309 - Finance News

RBI snaps 2 months of dollar buys, net-sells $384 mn in market in Jan

Forward book surges $10.76 bn as central bank picks up dollars

Credit Suisse failure unlikely to spook AT-1 bond investors in India

PNB likely to issue AT-1 bonds worth Rs 2,000 cr this week; yields not seen surging

Indian banks can endure global banking turmoil fallout: S&P Global Ratings

S&P also said Indian banks had sufficient buffers to withstand losses on their sizable government securities portfolio due to rising interest rates

Banking crisis: It's time for a relook at funding ecosystem for start-ups

The crisis in global banking has unsettled the Indian start-up ecosystem and raised afresh the old question of overdependence on offshore investors

RBI directs all banks to keep branches open till Mar 31 for annual closing

With annual closing of accounts scheduled for March 31 as the financial year 2022-23 is ending, RBI has directed all banks to keep their branches open till working hours of the above-mentioned date

RBI sells net $384 million in spot foreign exchange market in January

The Reserve Bank of India sold net $384 million in the spot foreign exchange market in January, the central bank's monthly bulletin showed on Tuesday

Credit Suisse crisis likely to make rich Indians wary of wealth managers

"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"

UK learning from India's work in financial inclusion: London Lord Mayor

Scope for UK green finance investments in India, says Nicholas Lyons

Indian banks' dependence on AT1 bonds limited, impact on pricing: Analysts

"Another instance of AT-1 bond write-off questions seniority of claims of AT-1 bond holders and dampens sentiments for AT-1 market issuances," Citi analysts wrote in a note

Top headlines: UBS needs RBI nod for C-Suisse, windfall tax on oil slashed

Business Standard brings you top headlines at this hour

As liquidity tightens, call money rate jumps to 7% before easing

Advance tax, GST payments leading to tight liquidity; RBI may do more repos

PSU banks' gross NPA declines from 14.6% in Mar 2018 to 5.53% in Dec 2022

The modernisation and capacity expansion of PSEs are taken up by the respective boards of PSEs under the administrative control of different ministries, he added

No instructions given to banks on loading Rs 2,000 notes in ATMs: FM

Banks make their own assessment of amount and denominational requirement for ATMs on the basis of past usage, consumer requirement, seasonal trend, etc," she said

SBI Mutual Fund buys over 4.7 mn shares of HDFC AMC for Rs 757 cr

The shares were acquired at an average price of Rs 1,600 apiece, taking the aggregate value at Rs 757.40 crore

UBS buy gives Credit Suisse India's employees a glimmer of hope

Industry players see better synergies at India units of Swiss banking giants

RBI fines RBL Bank Rs 2.27 cr for failure on internal ombudsman scheme

Other charges levied against lender include non-compliance with RBI norms on credit card operations, code of conduct in outsourcing of financial services, and recovery agents engaged

US banking crisis: Key interest rates suggest RBI may go slow on tightening

The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB

First Republic Bank's financial woes deepening despite cash infusion

US' First Republic Bank's financial woes appeared to be deepening despite an industry-led emergency cash infusion, media reports said.

UBS eyeing swoop for Credit Suisse amid fears of banking contagion

UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse, sources said

Deutsche Bank is said to study opening for Credit Suisse's assets

The German bank's deliberations so far are internal and it hasn't made any concrete proposals to the Swiss lender yet, said sources