Page 335 - Finance News

PNB hikes fixed deposit rates by 50 basis points across various tenures

Punjab National Bank (PNB) on Tuesday increased the interest rate of fixed deposits across various tenures by 50 basis points or 0.5 per cent in a bid to attract deposits

SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23

UCO Bank mulls AT1 offering to raise Rs 1,000 cr

SBI to issue second tranche of infra bonds to meet credit growth: Report

The funds will come in handy for credit growth, and the bank would not need to maintain any statutory liquidity ratio or cash reserve ratio for funds raised through such bond issuances

Outstanding microfinance loan portfolio to rise 20.3% in FY23: MFIN

Outstanding loan portfolio of MFI sector across India will increase around 20.3% at Rs 3.25 trn in FY23 compared to the previous fiscal, said the MFIN, a self-regulatory organisation recognised by RBI

HDFC Bank partners with Microsoft for digital transformation journey

HDFC Bank said it is partnering with Microsoft in the next phase of its digital transformation

Surge in credit to NBFCs takes service sector loans past those to industry

RBI data shows that as of November 18, outstanding loans to the services sector amounted to Rs 33.15 trillion while those to industry stood at Rs 32.94 trillion

Bank of Maharashtra records 22% loan growth to Rs 1.57 trillion in Q3

The bank's deposits aggregated to about Rs 2.08 lakh crore as of December 31, 2022, registering a growth of 11.69 per cent over Rs 1.86 lakh crore at the end of December 31, 2021, BoM said

Federal Bank's loan grows 19.1% YoY in Q3; deposits cross Rs 2 trn mark

Pace of customer liabilities expands at slower pace of 12.8 per cent YoY

SBI, ICICI, HDFC Bank continue to be systemically important banks

Lenders regarded as too big to fail; classification based on data they gave in March 2022

Fundraising through AT1 and tier II bonds nearly doubles in 2022

Public-sector banks were in the market but the size of issues was relatively small

Interest rates nearly peaked, may go up by another 25 bps: UCO Bank CEO

Soma Sankara Prasad, managing director and chief executive officer of the Kolkata-based lender in an interview that he expects strong interest for the rupee trade from several nations

Care Ratings upgrades Hinduja Leyland Finance's long-term debt to AA

HLF is undergoing a reverse merger, which will help it get listed soon. The company also mobilised Rs 910 crore fresh capital from QIBs in October 2022, and improved its capital adequacy

State-owned Indian Bank hikes lending rates by up to 25 basis points

The new rates are effective from January 3, Indian Bank said in a regulatory filing

SBI, ICICI Bank, HDFC Bank remain systemically important banks: RBI

The additional CET1 requirement will be in addition to the capital conservation buffer

Canara Bank plans to raise funds through sale of certificates of deposit

The notes are rated A1+ by CRISIL

Central banks may reverse rate hikes in 2023 to escape slowdown: SBI

Financial markets in 2022 have remained volatile and edgy with the central banks globally in unison in a rate hike cycle

UPI processes record 7.82 bn transactions in December, ends 2022 on a high

In the calendar year 2022, UPI processed over 74 billion transactions, worth Rs 125.94 trillion, NPCI data showed

Statsguru: Six charts explain banking sector revival amid rising rates

In March 2021, the GNPAs for SCBs were at 7.5 per cent of the total outstanding loans

Is it time for state-run banks to end industry-wide wage pacts?

While there is still a large talent pool in state-run banks, the reality is that it may not walk in as in the past

How financial reforms can quicken pace for India to become a $5-trn economy

In the Union Budget for FY22, no funds were earmarked for recapitalising state-run banks. This was a decadal first, and will temper their eagerness to lend