Page 332 - Finance News

HDFC Bank's profit rises 18.5% to Rs 12,260 crore in Q3, NII grows 24.6%

otal income on a standalone basis rose to Rs 51,207.61 crore in the October-December quarter of FY23

India lets banks use face recognition, iris scan for transactions: Rpts

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud

Credit growth of scheduled commercial banks tapers off in December

Banks extended loans of almost Rs 1.5 trillion during the fortnight ended December 30

Piyush Goyal calls for redoubling efforts at WTO for TRIPS waiver

In June last year, members of the WTO agreed to grant a temporary patent waiver for the manufacturing of Covid-19 vaccines for five years

Dynasty Acquisition pares 2.14% stake in Shriram Finance for Rs 1,040 cr

The shares were sold at an average price of Rs 1,300 per piece, taking the transaction value to Rs 1,039.59 crore

Bank of Baroda hikes interest rates on retail term deposits by up to 65 bps

Further, the Bank is offering interest rates up to 7.50% p.a, which includes 0.50% p.a. for senior citizens and 0.25% for non-callable deposits, for a period of 1 year and upto 3 years

Ind-Ra upgrades issuer rating for Bank of India, cites capital position

State-owned lender has since FY21 reported consistent profitability, says agency

Here's why private banks' SME credit has grown four times faster than PSBs'

Bankers say private lenders have more risk appetite, faster response times, and are aggressive on pricing

RBI open to non-bank arms route to end stalemate with ESMA: Report

The proposal came up in a meeting between RBI deputy governor T Rabi Sankar and senior officials from European banks

Banks want CRR, SLR, priority sector exemption for sovereign green bonds

Suggest green masala bond to attract foreign investors

5-day week: Bank unions call nationwide strike on January 30, 31

The decision to call for a strike was taken after a meeting in Mumbai on Thursday

United Forum of Bank Unions to go on two-day strike from January 30

The decision was taken at a meeting of UFBU held in Mumbai on Thursday

Indian banks gave highest returns in Asia Pacific region: S&P Global report

According to the report, the Punjab & Sind Bank had posted a returns of 118 per cent while the Jammu and Kashmir Bank gave 104.69 per cent

Financial bids for IDBI Bank expected to come in by Sept: DIPAM Secy

The government and LIC together hold 94.72% stake in IDBI Bank, which will come down to 34% after the strategic sale

At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10

The finance ministry issued refunds amounting to Rs 2.4 trillion till January 10

L&T Finance to increase retail loan portfolio to 75% of total loan book

In the September quarter, the company's retail book for the first time crossed Rs 50,000-crore milestone

Govt extends tenure of SBI MD Challa Sreenivasulu Setty by 2 years

The government has extended the term of State Bank of India Managing Director Challa Sreenivasulu Setty by two years with effect from January 20

Discussions for next G20 Financial Inclusion Action Plan kicked off

The members will decide on the final priorities, but Sarkar said, the major ongoing priorities were digital financial inclusion and making finances more accessible to SMEs

10 NBFCs, 1 asset reconstruction firm defer registration certificates: RBI

The Reserve Bank of India on Wednesday said 10 NBFCs and one asset reconstruction company have surrendered their registration certificates

Cabinet clears Rs 2,600 cr scheme to promote RuPay debit card: Officials

The Cabinet on Wednesday approved a Rs 2,600 crore scheme for promoting RuPay debit cards and low-value BHIM-UPI transactions