Page 338 - Finance News

Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI

Indian banks' gross non-performing assets declined to 5.8 per cent, but the present macroeconomic environment can impact lenders' health, the Reserve Bank said on Tuesday

Private banks lead in credit growth in Q2 as demand grows: RBI data

Annual growth in working capital loans by banks increasing after contracting in March 2021

Credit card spends drop sequentially as festive season draws to close

Monthly spending is more than Rs 1 trn again, led by the rising share of e-commerce transactions

Banks increase deposit rates on tight liquidity, high credit growth

BoB raises rates 2nd time this quarter; IDBI offering 7.6% for tenor of 700 days

Central Bank of India to raise up to Rs 1,500 cr via bonds this fiscal

State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds

Missed inflation target, digital currency pilot mark RBI's 2022 map

The Indian situation on inflation was not as bad as many other countries experiencing record price rise, which served as a consolation

SBI, Axis, ICICI Bank to go live on 'Rupay Credit card on UPI' by March

Move likely to cause a spike in daily transaction values on this feature, see many UPI users absorbed into credit card ecosystem

ICICI Bank's ex-CEO Chanda Kochhar, husband sent to CBI custody till Dec 26

The CBI has alleged that they were evasive in their response and did not cooperate in the investigation

P N Vasudevan to continue as Equitas Small Finance Bank MD, CEO

In May, Vasudevan had said that he wished to move on from the bank in order to work for his trust

PNB raises Rs 582 cr through Basel III compliant Additional Tier-I bonds

Public sector lender Punjab National Bank (PNB) has raised Rs 582 crore by issuing bonds on a private placement basis

Bandhan Bank to sell stressed loans to ARC for the first time: Source

Bandhan Bank's announcement of sale of stressed loans to an asset reconstruction company (ARC) will be the first such instance for the private lender, a source in the bank said

Union Bank of India raises Rs 663 cr from AT-1 bonds under Basel-III norms

State-owned Union Bank of India on Friday said it has raised Rs 663 crore from Tier I bonds to fund business growth

ICRA downgrades PTC Financial Services short-term rating over operations

Failure to improve business volumes may impact profitability of Delhi-based NBFC, says agency

Canara Bank crosses business milestone of Rs 20 trn, stock down by 6.54%

Canara Bank on Friday said it has crossed the business milestone of Rs 20 lakh crore

Public sector Indian Bank ties with Honda Cars to offer financing solutions

Public sector Indian Bank has tied up with automaker Honda Cars India Ltd towards offering financing solutions to its customers, the city-headquartered bank said on Friday

Baroda BNP Paribas AMC collects over Rs 1,234 cr for new multi asset fund

Baroda BNP Paribas Mutual Fund has garnered more than Rs 1,200 crore during the new fund offer period for its latest multi asset fund

Top Indian banks battle for no 1 bond spot as credit demand surges

Indian businesses are hungry for credit, despite rising interest rates, as they borrow to cover higher operational costs and for more investments

NIIF, India's first state-backed fund, faces questions from government

Critics inside and outside the government complain that NIIF - which handles about $4.3 billion in assets - lacks vision, decisiveness and the ability to win over investors

YES Bank transfers invoked shares of 7 cos including Dish TV to JC Flowers

Yes Bank has transferred invoked shares of seven companies, including Dish TV, Asian Hotels (North) and Avantha Realty, to JC Flowers Asset Reconstruction

SBI Funds Management appoints Shamsher Singh as new MD, CEO of company

SBI Funds Management Ltd on Thursday said it has appointed Shamsher Singh as managing director and chief executive officer of the company