Page 325 - Finance News
Bond yields and rupee to closely track RBI's monetary policy meet
The RBI is widely expected to raise interest rates by 25 basis points (bps) on Wednesday, which many traders believe will be the last before a prolonged pause
 "Bond yields and rupee to closely track RBI's monetary policy meet")
Govt likely to put on hold proposal to revamp the capital gains tax regime
Given global uncertainties, rejigging the tax regime may affect market sentiment
 "Govt likely to put on hold proposal to revamp the capital gains tax regime")
IDFC First Bank to raise Rs 2,196 cr via preferential allotment of shares
The proposal is subject to acceptance of the offer by the board of IDFC and approval of the shareholders of the bank
 "IDFC First Bank to raise Rs 2,196 cr via preferential allotment of shares")
Axis Bank says it is comfortable with exposure to Adani Group entities
"Our exposure to Adani Group is primarily to the operating companies in the Ports, Transmission, Power, Gas Distribution, Roads, Airports etc," the bank said
 "Axis Bank says it is comfortable with exposure to Adani Group entities")
Banking sector remains resilient amid Adani Group's stock rout, says RBI
'Central bank maintains constant vigil on sector, individual banks'
 "Banking sector remains resilient amid Adani Group's stock rout, says RBI")
State Bank of India books over Rs 14,000-cr profit in its best performance
A healthy rise in NII and a sharp drop in credit costs boost bottom-line
 "State Bank of India books over Rs 14,000-cr profit in its best performance")
RBI says 'banking sector remains resilient, stable' amid Adani stocks rout
Amid concerns over banks' exposure to the embattled Adani Group, the Reserve Bank on Friday said India's banking sector is resilient and stable, and the central bank maintains constant vigil
 "RBI says 'banking sector remains resilient, stable' amid Adani stocks rout")
Budget 2023 focuses on promoting growth with inclusion: NITI Aayog CEO
NITI Aayog CEO Parameswaran Iyer on Friday described the Budget 2023-24 as 'very comprehensive and balanced' which will promote growth with inclusion
 "Budget 2023 focuses on promoting growth with inclusion: NITI Aayog CEO")
Rupee gains 12 paise to 82.08 against US dollar on easing crude oil prices
The rupee gained 12 paise to 82.08 against the US dollar in early trade on Friday supported by easing crude oil prices and a positive trend in domestic equities
 "Rupee gains 12 paise to 82.08 against US dollar on easing crude oil prices")
Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows
Strong performance across businesses help 40% YoY growth in lending book
 "Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows")
Euro hits 10-month-high on dollar as central banks chart divergent courses
The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting
 "Euro hits 10-month-high on dollar as central banks chart divergent courses")
SBI gave loans worth $2.6 billion to Adani group companies, says report
SBI's exposure includes $200 million from its overseas units, the person said, asking not to be identified discussing private information
Budget proposals don't seek privatisation of state-owned banks: DEA Secy
Finance Minister announced that to simplify, ease and reduce cost of compliance, financial sector regulators will be requested to carry out a comprehensive review of existing regulations
 "Budget proposals don't seek privatisation of state-owned banks: DEA Secy")
IDFC Ltd to invest Rs 2,200 crore in IDFC First Bank, up its stake to 40%
IDFC board declares special interim dividend of Rs 11 per share; Govt of India, the firm's largest shareholder, to receive Rs 287 cr payout
 "IDFC Ltd to invest Rs 2,200 crore in IDFC First Bank, up its stake to 40%")
Credit growth to sustain and spark virtuous cycle: Economic Survey
The year-on-year (YoY) growth in non-food bank credit sped up to 15.3 per cent in December 2022, with the credit growth broad-based across sectors, the Survey said
 "Credit growth to sustain and spark virtuous cycle: Economic Survey")
Bank credit for services up three-fold in Apr-Dec 22 as economy picks up
Credit to NBFCs and trade (wholesale and retail) showed maximum traction, RBI data showed
 "Bank credit for services up three-fold in Apr-Dec 22 as economy picks up")
RBI partially eases curbs on SBM Bank till Mar 15 for customers' relief
On Jan 23, RBI had asked the lender to immediately stop transactions under LRS, following certain material supervisory concerns observed in the bank
 "RBI partially eases curbs on SBM Bank till Mar 15 for customers' relief")
Reserve Bank partially relaxes restrictions on SBM Bank up to March 15
Last week, the central bank had asked SBM to stop all transactions under the liberalised remittance scheme (LRS) until further notice
FY24 borrowings seen at new high, but insurers, softer RBI to help bonds
Sovereign yield curve seen steeper; short-term bonds may gain on likely RBI pivot
 "FY24 borrowings seen at new high, but insurers, softer RBI to help bonds")
CSB Bank net inches up 5%; gold loans share over 45% of total assets
Kerala-based CSB Bank on Monday reported a muted 5 per cent growth in net profit to Rs 156 crore despite record margins and a 26 per cent rise in advances for the quarter to December
 "CSB Bank net inches up 5%; gold loans share over 45% of total assets")