Page 322 - Finance News

City Union Bank posts Q3 net of Rs 217 cr, income grows to Rs 1,429 cr

Private sector City Union Bank has registered net profit at Rs 217.83 crore for the October-December 2022 quarter, the Tamil Nadu-based bank said on Saturday

Bank credit grows at 16.3% to Rs 133.41 trillion, shows RBI data

It had moderated to 14.9 per cent YoY in the fortnight ended December 30 due to base effect, but subsequently picked up as the base effect eased out

State Bank of India expects moderation in growth in global books

The foreign office advances were up by 21.47 per cent year on year (YoY) basis to Rs 4.86 trillion in December 2022 from Rs 4.0 trillion in December 2021

Kotak Mahindra Bank to acquire Sonata Finance for Rs 537 crore

The acquisition will be subject to regulatory approvals, including by the Reserve Bank of India (RBI)

How have the home loan EMIs changed since RBI's repo rate hike in May 2022?

The deposit and lending rates are directly proportional to the repo rate, and they generally go up if the benchmark rate is hiked

2023 is for complete rollout of Digital Credit System: Ashwini Vaishnaw

The minister further said that that Mission Bhashini - National Language Translation Mission and Digital Payments have come together to make UPI 123 Pay available in the local language

As China battles crises, HSBC bets big on India's $400 bn pile of wealth

It also plans to launch an onshore private banking service in the South Asian country this year

PNB, BoB raise lending rates by up to 25 bps following RBI rate hike

Leading public sector lenders Punjab National Bank and Bank of Baroda have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week

No updated tax returns after facing searches by I-T department

Earlier, it was proposed that an updated tax return cannot be filed, in case of search or survey proceedings in the relevant financial year and the preceding one

RBI resumes repo ops after 5 months as LTRO maturities lined up

The outflows in March coincide with the end of the financial year, which is typically a busy time for banks on the asset-liability management front

Kotak Mahindra Bank, Central Bank of India revise interest rates

Kotak Mahindra Bank increased select deposit rates by up to 25 basis points

NBFCs' collection efficiency to remain strong even after rate hike: Icra

A day after the Reserve Bank delivered another rate hike, a domestic ratings agency on Thursday said the increases will not impact collection efficiencies for non-bank lenders

Debt talks in focus at G20 finance meet: FM Sitharaman tells IMF chief

Indian Finance Minister Nirmala Sitharaman and IMF's Kristalina Georgieva also discussed regulating crypto assets

RBI to hike rates again on sticky inflation, Fed pressure, say analysts

The central bank surprised markets by leaving the door open to more tightening, saying the stickiness of core inflation was concerning

Companies get bank loans based on fundamentals, not m-cap: RBI Governor Das

Exposure of domestic banks to the shares of Adani Group is insignificant: DG Jain

25 bps hike: No change in stance, par for the course

One cannot completely rule out the possibility that the pause button would be pressed at the next MPC meet. Future actions, both for policy rate and stance, will depend on evolving data

RBI to frame guidelines on penal charges for default in loan servicing

The central bank also said that the penal charges would be recovered from the borrower separately and not added to the outstanding principal amount

MeitY only wants apps not run by regulated firms removed: RBI Dy Governor

Says central bank merely provided ministry a list of apps operated by regulated entities, had not suggested any ban

Reserve Bank announces guidelines on climate risk, sustainable finance

The guidelines consist of a broad framework for acceptance of green deposits, disclosure frameworks on climate-related financial risks and guidance on climate scenario analysis and stress testing

MPC meet: No change in stance, RBI hints at more policy rate hikes

Policy rate increased by 25 bps to a 4-year high of 6.5%