Page 333 - Finance News

Commercial loan origination volumes dip 4.3% in FY22; avg ticket sizes jump

Commercial lending includes a credit of over Rs 10 lakh to any commercial entity and is further classified as micro, small, medium or large exposures

EnKash gets RBI's in-principle nod to operate as online payment aggregator

On Tuesday, Hitachi Payment Services and BharatPe also received in-principle authorisation to operate as payment aggregators

Bank of Maharashtra employees' union for term deposit rate hike

Writes to management, says bank losing deposits to other lenders

Hitachi Payment, BharatPe get RBI nod to operate as payment aggregators

In-principle approval takes firms closer to offering to digital financial services to clients

Axis Bank to pick residual stake in Max Life at fair market value

The revision in valuation has been done according to IRDAI guidance

NRE/NRO accounts with international mobile numbers can now use UPI

The UPI ecosystem members have to comply with NPCI's directions by April 30, 2023

Axis Bank complies with IRDAI order; to buy more 7% stake in Max Fin

Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in Max Life Insurance

Bank of Baroda increases MCLR from 8.3% to 8.5% effective January 12

Marginal cost of funds-based lending rate (MCLR) is the minimum interest rate below which a bank cannot lend, except in certain cases

Employee union urges Bank of Maharashtra to hike rates on term deposits

Company is losing balances in savings as well as fixed deposits to competitors, it says

Centre to fully exit IDBI Bank once it gets 'upside value': Dipam secy

'Time period for IDBI Bank to meet public to be notified soon'

Bond issuance by banks to touch record Rs 1.3 trn in FY23: Report

They raised more than Rs 73,000 crore in FY22, says rating agency ICRA

Three-four countries keen on UPI, says NPCI MD & CEO Dilip Asbe

UPI, Singapore's PayNow integration to go live soon

Indian Overseas Bank hikes term deposit interest rates up to 45 bps

FCNR(B)/RFC depositors will get an interest rate up to 5 per cent on their term deposits

Fino Payments Bank ups interest rate on savings deposit to 5%

In addition to the hike in interest, the bank's customers will also get monthly interest pay-outs on their balances.

Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report

Within overall bond issuances of Rs 91,500 crore in the first three quarters of FY23, tier-II issuance reached an all-time high of Rs 47,200 crore

Bandhan Bank collection efficiency rises to 98% at end of Dec 2022

Loans and advances of the bank at the end of December 2022 stood at 1,00,520 crore, registering a growth of 14 per cent year-on-year

RBI lists 6 rating agencies for banks' capital adequacy purposes

Central bank's names come after Sebi last year cancelled the licence of Brickworks Ratings for allegedly violating rules

IDBI Bank gets domestic, global bids for stake sale, says Dipam secy

On Saturday, the government said it got multiple bids for the majority stake in IDBI Bank

Cropin raises Rs 113 cr funds from investors including Google, JSR Corp

Agritech company Cropin on Monday said it has raised Rs 113 crore funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures

IDBI Bank stake sale: Suitors may have to place financial bids by March

Sale expected to end by the middle of next financial year