Page 334 - Finance News

Total business to cross Rs 2 trn milestone soon: Punjab & Sind Bank MD

Punjab and Sind Bank is expected to cross Rs 2 trillion business milestone soon on the back of robust growth in loans, its managing director Swarup Kumar Saha has said

Employee strength of banks in pvt space almost equals PSBs': RBI data

The headcount in small finance banks was 14,179 in 2016-17, when they arrived on the scene

Sebi nod to reclassify govt holding in IDBI Bank as 'public' after sale

Subject to govt voting rights not exceeding 15%

First Abu Dhabi Bank PJSC explored offer for Standard Chartered

A deal would create a bank with over $1 trn of assets; FAB has been assessing a deal for over 6 months

Banks, FIs should play key role in financing NIP projects: DFS secy

NIP has expanded to over 9,000 projects covering 34 infrastructure sub sectors

Foreign banks rush to find plan B as ESMA-BoE ban on CCIL looms

Foreign lenders, RBI in talks to find satisfactory alternative mechanisms

Sebi allows govt stake in IDBI Bank to be reclassified as public post sale

The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender

Banks, FIs must design project-based products to meet NIP target: DFS secy

The government has committed a Rs 5,000-crore grant over and above the Rs 20,000-crore equity capital for NaBFID

We Founder Circle became India's largest angel investor network in 2022

The platform became one of the fastest-growing angel network communities and has already facilitated funds worth over Rs 100 crore across 53 startups with 71 deals, it said in a statement

Digital payment plaints highest in RBI's integrated ombudsman scheme

Complaints relating to digital modes of payment and transactions were the highest, constituting 42.12% during the year

NARCL emerges as the top bidder for SREI twins with an NPV of Rs 5,555 cr

Submits highest net present value bid of Rs 5,555 cr; process may complete by early FY24

Bajaj Finance loan booking up 5.5% in Q3FY23, hits lifetime high of 7.8 mn

The company also recorded its highest ever quarterly increase in customer franchises at 3.1 million

HDFC Bank's loan book expands by 19.5%, domestic retail loans grow 21.5%

IndusInd sees 19% credit growth in Q3; deposit growth outpaces loans for HDFC Bank, YES Bank

Turnaround of PSBs: From Rs 85K-cr loss in 2017 to nearing Rs 1-trn profit

PSBs booked collective losses to the tune of Rs 2,07,329 crore for five straight years -- from 2015-16 to 2019-20

Pvt banks to report healthy earnings in Q3, aided by robust credit growth

Credit growth in the banking system is touching decadal highs but deposit growth has lagged

Odisha-based Annapurna Finance applies for universal bank license

Established in 2009, the MFI has been promoted by People's Forum, a society registered in Odisha, which comes under the RBI's NBFC-MFI category

Issues related to cards, net banking top complaint areas at OBO: RBI report

Majority 66.11 per cent of the maintainable complaints were resolved through mutual settlement/conciliation/mediation

HDFC Ltd assigns 19% higher loans worth Rs 8,892 cr in Q3 ending Dec 2022

Mortgage lender HDFC Ltd on Tuesday said it has assigned (sold) 19 per cent higher loans to the tune of Rs 8,892 crore in the third quarter ended December 2022

Indian banks going through a purple patch: NPAs trending downwards

Banks have been slow to pass the rate hikes on the liabilities while the assets side saw immediate revision

Mid-rung lenders register 12-26% credit growth in Oct-Dec quarter

Sequentially, few banks have reported higher deposit growth than credit growth