Page 341 - Finance News

Bank credit grows 17.5% in a fortnight; deposits up 10%: RBI data

Country's largest lender State Bank of India (SBI) raised deposit rates by 15-100bps, the maximum increase being for bulk deposits

NBFC-MFIs overtake commercial banks in micro loan market share in Q2

One reason for this shift in trend could be that banks faced challenges in managing this asset class, especially after the outbreak of the Covid-19 pandemic and the resultant lockdowns

BFSI stocks flex muscles in Nifty50 this year, but still short of 2019 peak

The combined m-cap of 11 BFSI companies in Nifty50 is up 12.3% so far this year

Risky lending: Share of subprime borrowers higher at PSBs, shows data

The share of such loans declined between September 2020 and March 2022 in private banks and NBFCs but rose for public sector banks

Indian banks' loans rose by 17.5% y-o-y in 2 weeks till December 2: RBI

Indian banks' loans rose 17.5% in the two weeks to Dec 2 from a year earlier, while deposits rose 9.9%, the Reserve Bank of India's weekly statistical supplement showed on Friday

Govt had no outstanding loans from RBI in Dec 9 week, says central bank

The central government had no outstanding loans in the week earlier as well

Slippages from restructured NBFC book increased in H1FY23, says Icra

Write-offs remained elevated at 2.1 per cent for NBFCs and 0.5 per cent for HFCs in H1FY23

Banks rush to hike deposit rates, raise funds amid firm loan growth

Major private lenders such as HDFC Bank, ICICI, Axis revise rates; deposit rates now catching up with RBI rate hikes

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth

Bank intends to raise before Mar23 though approval is till 2024

RBI advises fintechs to focus on governance, data protection issues

Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks

SBI board approves raising Rs 10,000 crore capital through tier I bonds

State Bank of India (SBI) on Wednesday said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds

DIPAM extends last date for submission of EoI for IDBI stake sale

Consortium of foreign funds, investment companies will be allowed to own over 51% of IDBI Bank

In 2 weeks, bank tier-2 bond sales soar past AT-1 issues for whole year

Analysts cite credit growth surge, better risk profile of tier-2 bonds behind the rush

State Bank of India hikes term deposit rates by 15-100 basis points

The revised rates on domestic term deposits, including bulk deposits, are effective from today

Banks wrote off NPAs over 10 trillion in last five financial years: FM

'SCBs have recovered an aggregate amount of Rs 6,59,596 crore, including recovery of Rs 1,32,036 crore from written-off loan accounts during the last five financial years'

RBI removes informal restrictions on rupee NDF trades, says report

The central bank had in October informally communicated to banks to halt building new positions in the NDF market to manage the rupee's volatility

Only about 13% recovery in written-offs loans during last five years: Govt

Only about 13% of the loans written off by the scheduled commercial banks during the last five financial years have been recovered

Reserve Bank of India removes informal NDF restrictions on banks: Report

India's central bank has lifted informal restrictions placed on banks for trading in the non-deliverable forward market (NDF)

How will Budget 2023 affect your taxes and investments?

The next Budget will be the last full-year Budget ahead of the General Elections. How are your taxes likely to be affected amid calls from the industry to extend tax benefits to the common man?

NBFCs' share in India's lending pie fell to 5-year low of 19.8% in H1FY23

The NBFCs share of the country's lending pie declined to five-year low of 19.8 per cent in the first half of FY23