Page 339 - Finance News

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

BoM raises Rs 880 crore through bonds; issue subscribed more than 4 times

State-owned Bank of Maharashtra (BoM) on Thursday said it has raised Rs 880 crore through Basel III-compliant Additional Tier 1 (AT1) bonds

Shriram Finance to grow its retail fixed deposits portfolio by 25%

One of the country's largest NBFC Shriram Finance Ltd plans to grow its FDs from the current Rs 32,000 cr and talks are on to raise long term funds from international markets, said Vice Chairman

NITI Aayog's Panagariya cautions against cutting trade ties with China

'Both countries can play the trade sanctions game but the ability of a $17 tn economy (China) to inflict injury on a $3 tn economy (India)'

Tax mop-up enough to fund extra expenses: FM Nirmala Sitharaman

Stresses Budget estimates were made before Ukraine war

Less-cash society more achievable than cashless: E-payment leaders

''When we talk about cashless society, we are not talking about people in Mumbai. We are talking about people who are in the hinterland''

NBFCs are not dying to become banks: Industry leaders at BS BFSI Summit

NBFC have certain disadvantages compared to banks on the liability side and they don't have access to demand deposits like commercial banks but this is not a big impediment to growth of the industry

SFBs hope to give large private banks a run for their money: BFSI panelists

When we started five years ago, we thought it would be a marathon but it has turned out to be a steeplechase: Samit Ghosh

Consolidation of PSBs gives a robust base to scale: Bankers at BFSI Summit

About privatisation of state-owned banks, State Bank of India (SBI) Chairman Dinesh Kumar Khara said he was agnostic to ownership

Rising cyberthreats a real concern, say fintech players at BFSI summit

The growing cyberattacks across the finance world as well as business in general is making senior executives more aware of the need for security

Liability management now top priority for lenders: Private bank CEOs

Private bankers said there were signs that the credit demand was durable and as such the landscape for banks' management of assets and liabilities would remain challenging for quite some time

All entities providing banking service subject to same rules: RBI Dy Guv

Non-bank entities cannot be allowed to undermine the banking system, he says at Business Standard BFSI Insight Summit

SIDBI identifies MFIs to provide enhanced support for micro-lending

Speaking at Business Standard's BFSI Summit, Ramann added that the state-owned small industries lender said that it is once again looking at how to bring capital to micro finance institutions

SBI to facilitate rupee trade with Russia after RBI gives approval

9 Indian banks have permission to open 17 special vostro rupee accounts for overseas trade with sanctions-hit nation

Max Financial Services promoter offloads 1.7% stake for Rs 400 cr

Max Ventures Investment Holdings, a promoter of financial services firm Max Financial Services, on Wednesday offloaded 58.85 lakh shares in the company for Rs 400 cr through an open market transaction

MPC members voice different views on interest rate and stance: RBI minutes

Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over

UPI should continue to be free in India: Paytm's Sharma at BS BFSI summit

Business Standard BFSI Insights Summit: Shekhar said it was earlier easy to raise money based on the company's forecast, but now it can only be done when the company 'exhibits that it can make money'

RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes

MPC minutes show Das saying that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive

Shadow lender Trucap Finance buys out retail MSME book of EZ Capital

Trucap has lending relationships with over 30 lenders, including SBI, HDFC, Central Bank of India, Bank of India, and Nabard among others

Govt plans tax waivers for IDBI Bank buyer to attract more suitors: Report

The government's planned tax waiver will allow a potential buyer to avoid this levy