Page 313 - Finance News

Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain

The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce

RBI repo undersubscribed but banks brace for volatile month-end liquidity

Central bank expected to conduct more variable rate repos towards end of financial year

Bank of Baroda plans to divest 49% stake in credit card subsidiary

At present, BoB holds 100 per cent in the entity

SBV with Massachusetts branches seized by FDIC as depositors pull cash

The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis

ICICI Bank given time till Sept 2024 to pare stake in ICICI Lombard

Lender currently holds a little over 48% in the general insurer; must bring that down to 30%

Bank credit grows 15.5% YoY in Feb 24 fortnight to Rs 134.5 trillion

While credit growth has moderated from 16.5% in mid-January, it is significantly higher than the year-ago period, when it was hovering at around 9 per cent

NPS, APY subscribers rise 23% in FY23; over 1 crore customers added to APY

The number of subscribers under the National Pension Scheme (NPS) and Atal Pension Yojana (APY) increased 23 per cent to over 6.24 crore as of March 4, the Finance Ministry said on Friday

REC board okays Rs 1.2 trillion market borrowing programme for 2023-24

State-owned non-banking finance firm REC Ltd board on Thursday approved Rs 1,20,000 crore market borrowing programme for 2023-24 in its meeting

Worrisome to see no transparency in forex fees for small players: RBI's Rao

Foreign Exchange Dealers' Association should take lead in safeguarding customers against fraud platforms: Deputy Governor

Citi appoints Bhanu Vohra as head for commercial banking in India

Unit addresses financial services requirements of emerging large corporates and mid-market enterprises

Dollar holds near three-month highs on rates outlook by Jerome Powell

The yuan weakened after the government reported unexpectedly low inflation

India must prepare to curb volatility risks of int'l rupee: RBI deputy gov

An international currency is one that is freely available to non-residents, essentially to settle cross-border transactions, and in the case of the rupee, this will be achieved by promoting it An inte

RBI possibly buying dollars in spot, paying forwards via PSBs: Traders

The Reserve Bank of India (RBI) was possibly buying dollars in spot and paying in forwards via public sector banks on Thursday to mop up foreign currency inflows, three traders told Reuters

HDFC Bank to launch revamped payments, banking application soon

To take on Google Pay, PhonePe with new PayZapp

Industry's share of non-food bank credit hits record low of 26.6%

Economists at India Ratings blamed the recent surge in interest rates

State Bank of India raises Rs 3,717 cr from its third AT1 bond sale

The bank said this is the third Basel III compliant additional tier 1 (AT1) bond sale and the latest issue was closed at a coupon rate of 8.25 per cent

SBI raises Rs 3,717 cr via AT-1 bonds at 8.25% with 10-yr call option

AT-1 coupon rates rise as inflation, US bond selloff sour view on bonds

Shriram General Insurance opens two women-only branches in the north

The firm plans to replicate the model nationwide, going forward

IDBI Bank proclaims Kapil & Dheeraj as wilful defaulters of Rs 758 cr loans

After dilly-dallying for over two years, the IDBI Bank Ltd. has finally declared the DHFL promoters and siblings -- Kapil Wadhawan and Dheeraj Wadhawan -- as 'wilful defaulters'

Credit card outstanding rises 29.6% to reach record high level in Jan

RBI data showed that credit card outstanding in January 2023 stood at Rs 1,86,783 crore as against Rs 1,41,254 crore in January 2022