Page 331 - Finance News
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
 "Cryptoverse: Bitcoin on the charge in 2023, clocks 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
 "Yen perched near 7-mth high as investors wait for policy shift at BOJ")
RBI proposal on loan loss provisions to raise bank capital needs: Analysts
The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said
 "RBI proposal on loan loss provisions to raise bank capital needs: Analysts")
Securitisation volumes see over 40% YoY uptick in 9-month of FY23: Crisil
The commercial vehicle segment witnessed 31 per cent growth and microfinance segment saw 14 per cent growth in the securitisation market
 "Securitisation volumes see over 40% YoY uptick in 9-month of FY23: Crisil")
Remove rule that calls for TDS on cash withdrawal: Banks in Budget wishlist
Tax is to be debited from the account of the customer and cannot be adjusted against the cash withdrawn
 "Remove rule that calls for TDS on cash withdrawal: Banks in Budget wishlist")
Increased provision on CET1 for loan loss to be phased out: RBI paper
The RBI will introduce an ECL approach for loan loss for banks, as compared to the incurred loss approach at present, one year after announcing the final guidelines
 "Increased provision on CET1 for loan loss to be phased out: RBI paper")
RBI prior approval now a must for picking up over 5% stake in banks
RBI has defined "major shareholding" as "aggregate holding" of five per cent or more of the paid-up share capital or voting rights in a banking company by a person
 "RBI prior approval now a must for picking up over 5% stake in banks")
Federal Bank December quarter profit increases 54% to Rs 804 crore
The bank had posted a net profit of Rs 522 crore in the same quarter a year ago
BoM Q3 profit more than doubles to Rs 775 cr, lender mulls 5% stake sale
State-owned bank may come out with qualified institutional placement of equity shares in the last quarter of FY23
 "BoM Q3 profit more than doubles to Rs 775 cr, lender mulls 5% stake sale")
Bank of Maharashtra to raise up to Rs 1,000 crore from share sale in Q4: MD
As per the Sebi norms, listed entities are required to have at least 25 per cent public shareholding
 "Bank of Maharashtra to raise up to Rs 1,000 crore from share sale in Q4: MD")
Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit
So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI
 "Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit")
Axis Bank tops Re-bond league table for 16th consecutive year in 2022
Total issuances in the year rose to Rs 4,83,770 crore, from Rs 4,17,055 crore in 2021
 "Axis Bank tops Re-bond league table for 16th consecutive year in 2022")
Sidbi partners with VFS to extend MSME loans up to Rs 5 lakh at 13% pa
The Small Industries Development Bank of India (SIDBI) has entered into a partnership with VFS Capital to extend loans to the MSME sector, the Kolkata-based microfinance institution said
 "Sidbi partners with VFS to extend MSME loans up to Rs 5 lakh at 13% pa")
Bank of Maharashtra Q3 PAT jumps two-fold to Rs 775 cr due to asset quality
State-run Bank of Maharashtra (BoM) on Monday reported a two-fold jump in its standalone profit after tax (PAT) at Rs 775 crore in the quarter ended December 2022 due improved asset quality.
HDFC Bank's Q3 net profit jumps 18.5% YoY on healthy interest income growth
Strong growth in net interest income boosts bottomline, provisions fall
 "HDFC Bank's Q3 net profit jumps 18.5% YoY on healthy interest income growth")
The big green reset: Major changes are afoot in the credit markets
As the transition to a low-carbon economy gathers pace
 "The big green reset: Major changes are afoot in the credit markets")
No word from RBI yet on regulatory leeway for HDFC twins' merger
HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates
 "No word from RBI yet on regulatory leeway for HDFC twins' merger")
Foreign banks: Was Rajan's mention of reciprocity the deal breaker?
The marked shift in the foreign-bank narrative in the post-reform period must also be seen in another context - the renewed talk of privatisation of a clutch of state-run banks
 "Foreign banks: Was Rajan's mention of reciprocity the deal breaker?")
Govt extends tenure of Bank of Baroda MD Sanjiv Chadha by 5 months
The order dated January 14, 2023 comes ahead of his three-year tenure that ends on January 19
 "Govt extends tenure of Bank of Baroda MD Sanjiv Chadha by 5 months")
Delhi Police arrests RBL Bank's ex-assistant V-P in Rs 19 cr cheating scam
The accused, identified as Nagendra Kumar (39), had also resigned from the bank after committing the crime in August 2020, and he was evading arrest
 "Delhi Police arrests RBL Bank's ex-assistant V-P in Rs 19 cr cheating scam")