Page 315 - Finance News

Axis Bank completes acquisition of Citibank India's consumer business

This deal will have a 177 basis points bearing on Axis Bank's CET1 capital ratio

HDFC Bank's Sashidhar Jagdishan is 'BS Banker of the Year 2022'

5-member jury picks him for bank's good performance under his leadership

What Axis Bank's acquisition of its consumer biz means for Citi's customers

Products such as home loans and credit/debit cards will undergo no change; but in case there are changes, the customer will be duly informed

Credit rated Indian banks can move over to IFRS 9: S&P Global Ratings

The Reserve Bank of India is set to release guidance on the rollout of IFRS 9 after years of delay while the banks shaped up

RBI seeks details of NBFCs' total credit to Adani Group of companies

Move the first after the introduction of scale-based supervision for NBFCs on October 1, 2022

India's Q3 GDP numbers: Testing growth guardrails

One minus is that aggregate private sector capex participation will lag, barring few sectoral pockets

Banks request RBI to include more long-term bonds in H1 FY24 borrowing

Banks expressed reservations about floating rate bonds in next year's borrowing

HFCs to face headwinds amid rising interest rates, says India Ratings

India Ratings in a report on Tuesday said these factors, along with rising inflation rate, will impact borrowers cash-flows, which will also hit the asset quality marginally

Indian Banks Association considers 5-day work week for bank employees

If the proposal gets IBA's nod, it will be sent to the finance ministry and subsequently to the Reserve Bank of India's (RBI) for approval

Green finance: Taxonomy, a clear legal definition keenly awaited

Even as the central bank is drawing up taxonomy for this emerging business, the degree of awareness at bank board level could be the weakest link yet

HDFC Ltd hikes home loan rates by 25 basis points effective March 1

ICICI Bank is offering a rate of 9 per cent to borrowers with a credit score of 800 and above as its festival offer pricing, until February 28

ESAF Bank, V-Guard partners to finance solar rooftop power systems

ESAF Small Finance Bank and electric equipment manufacturer V-Guard Industries signed an agreement to provide financing options to customers looking to install solar rooftop power systems

Indian Bank ties up with Toyota Kirloskar Motor to offer vehicle financing

Public sector Indian Bank has inked a pact with automaker Toyota Kirloskar Motor to offer vehicle financial options to its customers, the bank said

SBI raises $1 bn under 5-year syndicated social loan for ESG funding

Priced at three-month SOFR plus 130 bps; largest such ESG loan by bank in Asia-Pacific; to also use proceeds for affordable housing, SHG lending

SBI raises $1 billion via syndicated social loan for further lending

The funds will be used to further lend to microfinance institutions and self-help groups, a senior official at SBI, who declined to be named, told Reuters

Indian banks unprepared for RBI's ESG push, survey shows: Report

A majority of domestic banks, particularly mid-sized and small ones, are grappling with issues on the ESG definitions applicable to lenders, how the norms will be built into ending decisions

Indian banks well placed to transit to Expected Credit Loss regime: S&P

This transition is not expected to change ratings on these banks

Adani Group fallout? NBFC loans against shares under RBI scanner

The central bank's Department of Supervision sought this information over the past week, and the deadline for submission of large exposure was on Monday, informed a source

First time in many years, fixed deposit rates turn positive at 8%

As banks' chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now

MFIs' net profit more than doubles in Q3 on buoyant interest income

The interest income expanded by 25% YoY to Rs 2,414 crore and sequentially, it rose 9.7% from Rs 2,201 crore in Q2FY23