Page 312 - Finance News

Deutsche Bank shares slump as another major bank comes into spotlight

Deutsche Bank's AT1 bonds have tumbled in value after Switzerland wiped out Credit Suisse's securities in the deal for it to be taken over by UBS

MSME loan delinquencies dip to 3% by September, shows CIBIL data

The highest drop was in the private bank segment, from 2.8 per cent in Q2FY22 to 1.5 per cent in FY23-Q2

RBI to hold five-day variable rate repo auction worth Rs 75k cr on March 24

The RBI conducts repo operations in order to infuse liquidity into the banking system

Finance ministry asks public sector banks to share bond portfolio data

About 60 per cent of banks' investment book is in the HTM portfolio, analysts at Macquarie Research wrote

Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore

Canara Bank on Thursday said it has sold its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State Bank of India (SBI) for about Rs 121.29 crore.

FM Sitharaman to review PSBs performance Sat amid financial crisis in West

Regularly scheduled meeting could discuss banking troubles in the US and Europe

As cash use declines, UPI to drive Indian e-com market to $150 bn in 2026

As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026

Rate transmission better in easing cycle than tightening period

Experts said, generally, in an easing cycle banks tend to reduce the interest rates on deposits faster than on loans to protect their margins

RBI to start new data centre, governor stresses on tech, cybersecurity role

Shaktikanta Das lays foundation of the new greenfield data centre and enterprise computing and cybersecurity training institute in Bhubaneshwar

Surge in bank credit offtake leads to three-fold jump in CD issuance

Meanwhile, issuance of commercial papers---securities sold by companies to raise funds--dropped sharply to Rs 12.5 trn in FY23 (up to Feb 28) from Rs 19 trn over the same period last year

Fixed deposit interest rates to go up again? RBI hits at another hike

In the bulletin, the RBI said that the Indian economy is unlikely to face any major repercussions from the ongoing global financial turmoil

Present CPI aggregation method raises issues for monetary policy: RBI paper

Rebasing CPI necessary to make index relevant to present consumption patterns

What are AT1 bonds, and why are Credit Suisse's worth $17 bn now wiped out?

The wipeout of $17 billion worth of AT1 bonds in the UBS-Credit Suisse deal has spooked investors as they now assess if this can happen to their AT1 holdings in other banks as well

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"