Page 326 - Finance News

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

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

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

Rating firms seek exposure details from lenders on Adani companies

Their exposure amounts to 38% of the group's total debt

State Bank of India plans to raise $500 million via green bonds

SBI has also issued green bonds worth $800 million since 2018-19 and a green loan worth €50 million in 2020-21

Reserve Bank of India to conduct auction of 10-year govt bond on Friday

The government will sell a notified amount of Rs 28,000 crore worth of three securities on Friday

Punjab National Bank reports Q3 net profit down 44% to Rs 629 crore

PNB on Monday reported a 44 per cent decline in standalone net profit at Rs 629 crore in the third quarter ended December

$3.1 mn spent on privacy last year by businesses in India: Report

The average privacy spending by businesses in India was $3.1 million in 2022 and $2.4 million in 2021, a new report said on Monday

Canada's CPPIB invests $205 million in Indian co IndoSpace's new fund

Indian warehouse and parks developer IndoSpace on Monday said the Canada Pension Plan Investment Board (CPPIB) will invest $205 million in the company's new real estate fund

CSB Bank Q3 net up 5% to Rs 156 cr on strong growth in deposits and loans

Total income rises to Rs 682 crore from Rs 580 a year ago. Asset quality improves

Moody's withdraws IDBI Bank's credit ratings for business reasons

Global credit rating agency Moody's Investors Service on Monday said it has withdrawn IDBI Bank Ltd's ratings for business reasons

IDBI manager held for swindling money from customers' accounts in B'luru

Karnataka police have arrested a relationship manager of IDBI bank in Bengaluru in connection with transferring Rs 4.92 crore illegally to various accounts, police said on Monday

Alive and kicking: What common thread links the new-age NBFCs?

Using their imagination,new-age shadow banks have shown that their business model can fly

Explained: Are fintech companies unmindful of Mint Road's message?

Fintechs' attitude towards governance has major implications

Refresh the approach to growth, equity

Agricultural credit continues to be subsidised through an interest subvention scheme instead of converting these subsidies into cash transfers to farmers

DCB Bank Q3 net profit jumps 52% to Rs 114 cr on decline in bad loans

The capital adequacy ratio stood at 16.26 per cent in the December quarter

Bank credit growth rises to 16.5% to Rs 132.81 trillion in Jan 13 fortnight

Deposit growth has gathered pace to 10.6%

Bajaj Finance Q3 net up 40% to Rs 2,973 cr; highest ever quarterly profit

Performance was aided by healthy rise in net interest income, drop in provisions and contingencies

Private banks post 31.7% YoY growth in Q3, net profit rises to Rs 35,166 cr

Healthy interest margins, credit offtake boost bottomline; provisions show subdued rise on better asset quality