Page 330 - Finance News

Japanese banks get home regulator's nod to settle all trades via CCIL

With this move, Japanese bank branches in India can now use CCIL and experience better operational flexibility and lower capital requirement

Asset quality of Indian banks will be stable in 2023, says Moody's

The asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023, said Moody's Investors Service in its latest report on the banking sector in emerging markets

India govt switches bonds maturing in 2024 with RBI in cash-neutral deal

Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday, while also issuing bonds maturing in 2032 worth a similar quantum, the central bank said on Wednesday

SBI raises Rs 9,718 cr via second tranche of infrastructure bonds at 7.70%

This is the second fund-raising since early December when it had mopped up Rs 10,000 crore via infra bonds

BHIM dilemma: Transaction value high, but volumes way lower than rivals

From accounting for a quarter of all UPI transactions, app now has a share of just 0.76%

IndusInd Bank posts bigger-than-expected Q3 net jump of 68% to Rs 1,959 cr

Analysts were expecting a profit of Rs 1,859 crore, according to Refinitiv IBES data

Central Bank Q3 net rises 64.16% at Rs 458 cr on improved margins

State-owned lender reports first full quarter after exiting regulator's Prompt Corrective Action regime

ING planning return to India by buying controlling stake in IDBI Bank

The government and the Life Insurance Corporation of India together may sell 60.72 per cent of IDBI Bank

FinMin to meet heads of PSBs; to review progress of various schemes

The meeting with managing director and CEOs of public sector banks is scheduled to be held on January 19 and largely for reviewing the schemes to promote financial inclusion

FinMin to meet heads of PSBs on Thursday; to review schemes' progress

The finance ministry has called a meeting of heads of public sector banks and financial institutions to review the progress of various social sector schemes, including Jan Dhan, Mudra, and KCC

NCLT sanctions amalgamation of Equitas Holdings and Equitas SFB

Amalgamation scheme shall be effective upon the filing of tribunal's order

RBI guidelines may prompt J&K Bank to dilute promoter shareholding

The union territory of Jammu & Kashmir has 64.5 per cent stake in J&K Bank while UT of Ladakh has about 4.5% stake

RBI's ECL move may hit capital position of smaller private banks

Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher

Default rate in microfinance sector declining, post-pandemic: Report

Karnataka and Tamil Nadu are the states with the highest percentage of outstanding loans from micro finance followed by Bihar, Uttar Pradesh and Madhya Pradesh

Financial sector exposed to risks of low-carbon transition, shows study

Coal currently accounts for 44 per cent of India's primary energy and 70 per cent of its power generation

After hitting road bump in Dec, bank credit growth to regain pace in Q4

Ind-Ra said the credit expansion of (Rs 6.1 trillion) does not seem like a stretch goal, given the level of economic activity in the system

Indian importers use rupee's recovery to increase hedging, data shows

Average dollar purchases by importers, beyond the spot date, rose to $1.64 bn last week from $1.14 bn the week before, latest data collated by The Clearing Corporation of India Ltd (CCIL) revealed

Bank of Maharashtra raises rates on term deposits after union appeal

Senior citizens will be offered an additional rate of 0.5% per annum for all maturity slabs

Cryptoverse: Bitcoin on the charge in 2023, clocks a 26% gain in January

Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January

Yen perched near 7-mth high as investors wait for policy shift at BOJ

The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan