Page 310 - Finance News

New age firms in payment space reluctant to comply with rules at times: Das

The payments landscape in India has evolved into a state-of-the-art system that is affordable, accessible, convenient, fast, safe and secure, said RBI governor

Treat customer as God: MoS Finance calls for boost in banking services

Calling for further improvement in banking services, Minister of State for Finance Bhagwat K Karad urged banks to treat their customers as God

Indian banking system is stable, resilient: RBI governor Shaktikanta Das

At a time when India has assumed the presidency of G20, Das said globalisation must produce better outcomes for all, and not just a few

US banking turmoil hits the prices of ADRs for domestic banks, shows data

Analysts say domestic banks' dependence on local depositors insulates them from the crisis

NBFC Moneyboxx Finance secures Rs 20 cr term loan from Maanaveeya

Moneyboxx is supported by 24 lenders, including SBI, IDFC First Bank, DCB Bank, AU SFB, and has raised cumulative debt of close to Rs 400 crore

Credit Suisse gets lifeline of $54 bn. Now it's time to win back clients

The bank has consistently said it has sufficient liquidity, a position the backstop only strengthens

IDBI Bank privatisation on track as per strategic sale process: DIPAM

The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process

UCO Bank raises Rs 500 crore in AT1 bonds at 9.5%, highest rate in FY23

AT1 bonds are a means by which banks augment core equity capital

Microfinance loan disbursal rise 19% to Rs 77,877 cr in Q3: MFIN Micrometer

It further said that as on December 31, 2022, the microfinance industry served 6.4 crore unique borrowers, through 12.6 crore loan accounts

RBI doing it right on rate hikes, need more: IMF economist Luis Breuer

He also said the Budget's focus on prudence and fiscal consolidation was a good step that will reduce and stabilise public debt, which is quite high in the country compared to other G20 countries

Softer impact of Credit Suisse crisis likely on Indian banks: Jefferies

Credit Suisse has a 1.5% share among foreign banks' assets in India and a 'small' 0.1% share of overall banking assets in the country, Jefferies estimated

Credit Suisse more relevant to Indian banking sector than SVB: Jefferies

Credit Suisse owns more than 200 billion rupees ($2.4 billion) of assets in India, making it the 12th largest offshore lender, according to Jefferies

BofA gets more than $15 bn in deposits after Silicon Valley Bank collapse

The inflows offer a first glimpse into deluge of deposits that made its way to the country's largest banks as customers fearful of a spreading crisis sought refuge in the firms seen as too big to fail

SBI's start-up branches showing good inflow of deposits: Chairman Khara

These branches essentially offer banking services such as channelising the flow of money and maintaining bank accounts, along with forex conversion, and custodial services

Amid SVB crisis, SIDBI's FoF gets into action to support start-ups

Fund of Fund for start-ups (FFS) managed by SIDBI's venture capital arm has given money to AIFs, which are in turn supporting over 800 start-ups

RBI rejects Bajaj Fin's plan for Philippines operations over FATF concerns

Philippines has been increasingly coming under the lens of the Financial Action Task Force, and has already been designated as an FATF grey list country

RBI, UAE central bank sign MoU on interoperability of their CBDCs

Move is expected to reduce costs, boost efficiency of cross-border dealings and strengthen economic ties between India and UAE

Central Banking publication names Shaktikanta Das governor of the year

It says Das faced many challenges; he was a 'voice of calm' amid Covid-19 crisis

HDFC Bank, Flipkart Wholesale launch co-branded card for latter's members

The product will offer users 5% cashback on Flipkart Wholesale online spending. Members can apply for the card directly at Flipkart Wholesale stores and on its Best Price Flipkart Wholesale app

SoftBank management leadership team visits add weight to India market

Country accounts for 10% of Japanese investor's global AUM, the 3rd largest