Page 345 - Finance News

Govt clarifies foreign funds can own over 51% stake in IDBI Bank

This comes ahead of the December 16 deadline for potential bidders to submit EoIs for picking up majority stake in the private sector lender

ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales

ICICI likely to issue long-term bonds, Axis mulls infra bond sale

Govt to allow consortium of foreign funds to own over 51% in IDBI Bank

The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a government clarification on Tuesday

Cooling prices give Reserve Bank of India space to slow interest-rate hikes

Das will announce the rate decision through a webcast at 10 am in Mumbai on Wednesday, and will address a press conference at 12 pm.

Is it the end of WhatsApp's UPI ambition?

The free run for PhonePe and Google Pay is likely to continue, as the 30% market cap mandate will not come into force for another two years. So, what does it mean for new players like WhatsApp?

GSTN in AA network: Operational costs of banks expected to come down

GSTN is expected to go live on AA network in late January or early February, people aware of the development say

SBI personal banking loan book up Rs-5 trn mark, helped by digital push

Next Rs one trillion of non-home retail loans by Q3FY24

South Indian Bank's move on tier-2 bond won't disrupt sector: Fitch

Lender decision to not redeem the bonds does not indicate any weakness in capital position, says ratings agency

SBI's personal banking advances excluding home loans cross Rs 5 trn mark

SBI on Monday announced that its personal banking advances excluding high value home loans have crossed the Rs 5 trn mark

Digital payments in India touch Rs 38.3 trn at over 23 bn transactions

The Unified Payments Interface (UPI), debit and credit cards, prepaid payment instruments like mobile wallets, and prepaid cards logged 23.06 bn transactions amounting Rs 38.3 trn in the third quarter

Will RBI devise rules to regulate public sector banks amid rising scams

This has obviously made things lopsided when it comes to governance of Indian banks. For instance the Reserve Bank of India can issue guidelines to private banks or foreign banks, but not to the PSBs

ICICI Bank adopting a 360-degree approach in corporate banking business

Analysts see risk of attrition due to the shift in culture its implementation

RBI's MPC starts deliberations amid expectations of moderate rate hike

The Reserve Bank's rate-setting panel on Monday started brainstorming for the next round of monetary policy amid expectations of a moderate interest rate hike of 25-35 basis points

Shriram Finance turns India's largest retail NBFC after merger: Group

The company has net worth of Rs 40,900 crore and assets under management of Rs 1,71,000 crore

Centre still hopeful on 6.4% fiscal deficit on back of tax revenue gains

The net tax revenue budget estimate for FY23 was Rs 19.35 trillion; a boost of Rs 4.5 trillion would take the revised estimates to Rs 23.85 trillion

Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far

Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets

In King Cash's castle: Businesses in disarray, RBI to take a closer look

The CLA has submitted a "confidential update" to the banking regulator, which has also set up an internal committee to monitor developments

Punjab & Sind Bank aims at CASA ratio of 35% by March: MD Swarup Saha

Punjab & Sind Bank MD Swarup Kumar Saha has said that the lender is targeting a CASA ratio of 35 per cent by the end of FY23 and the bank has undertaken various efforts to achieve the goal

Nirmala Sitharaman to address revenue intelligence officers on Monday

Finance Minister Nirmala Sitharaman will on Monday address Revenue Intelligence officers at the DRI foundation day event in the national capital

Saw many threats from crypto; CBDC was the way forward: RBI DG Sankar

Implementing NPCI volume-cap right now may have caused friction in UPI