Page 346 - Finance News
Bank of Baroda approves Rs 134 crore agri-loans to farmers in Tamil Nadu
Public sector Bank of Baroda has sanctioned over Rs 100 crore worth of agricultural loans in Tamil Nadu during its 15-day farmer outreach programme held here recently
 "Bank of Baroda approves Rs 134 crore agri-loans to farmers in Tamil Nadu")
Core activities of a bank should not be outsourced, says RBI's AK Choudhary
"While outsourcing it is very important that adequate safeguards are established to seal the situation as well as the financial stability of the banking system," Choudhary added
 "Core activities of a bank should not be outsourced, says RBI's AK Choudhary")
SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times
10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield
 "SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times")
Retail CBDC a game-changer, should improve monetary transmission: SBI chief
Anonymity factor is critical for its acceptance, asserts Dinesh Khara
 "Retail CBDC a game-changer, should improve monetary transmission: SBI chief")
Bank credit grows 17.2% YoY to Rs 129.48 trn in fortnight to Nov 18
Deposit growth rises 9.6%, analysts cite FPI flows, govt spending
 "Bank credit grows 17.2% YoY to Rs 129.48 trn in fortnight to Nov 18")
MFI recovery, credit cost moderation key triggers for Bandhan Bank
Stock has sharply underperformed peers and is available at reasonable levels
 "MFI recovery, credit cost moderation key triggers for Bandhan Bank")
HDFC Bank revises credit card rewards points programme for customers
The bank said for select products and vouchers, redemption of reward points will be capped at 70 per cent of the total value, but this is not applicable for Infina and Diners Black cards
 "HDFC Bank revises credit card rewards points programme for customers")
Assocham asks RBI to moderate rate hikes to avoid impact on recovery
Industry body Assocham on Friday asked the Reserve Bank, which has hiked the key policy rate by 190 basis points since May, to moderate the interest rate hikes
 "Assocham asks RBI to moderate rate hikes to avoid impact on recovery")
Why is demand for private credit on the rise?
The festival month saw 18.3% growth in non-food credit offtake. Retail loans -- driven by robust housing and vehicle loans demand -- saw a 20% jump. What explains this surge in personal loans?
 "Why is demand for private credit on the rise?")
RBI revises norms for classifying UCBs as financially sound & well managed
The boards of the banks have to examine the compliance with the FWSM criteria and pass necessary resolutions and inform RBI immediately
Bank of India raises Rs 1,500 crore through additional Tier 1 bonds
The Mumbai based lender is likely to come up with another offering of AT1 bonds before the close of the current financial year (FY23)
 "Bank of India raises Rs 1,500 crore through additional Tier 1 bonds")
RBI conditional approval to Carlyle, Advent's stake buy in YES Bank
The fund-raising would be conducted through a combination of $640 million (Rs 5,100 crore) in equity shares and $475 million (Rs 3,800 crore) through equity share warrants, YES Bank had said
Citi deal may be complete in May: Axis Bank MD & CEO Amitabh Chaudhry
In March 2022, Axis Bank said it would purchase Citi's retail business in a transaction worth Rs 12,235 crore
 "Citi deal may be complete in May: Axis Bank MD & CEO Amitabh Chaudhry")
SoftBank plans to sell 5% stake in PB Fintech via block deal: Report
The block deal on Friday could be at a base price of 440 rupees per share, CNBC-TV18 said in a tweet. PB Fintech's shares closed at 461 rupees on Thursday
 "SoftBank plans to sell 5% stake in PB Fintech via block deal: Report")
Reserve Bank of India issues framework for Indian banks' foreign biz
The framework also specifies the applicability of these instructions to International Financial Services Centres in India, including Gujarat International Finance Tec-City
 "Reserve Bank of India issues framework for Indian banks' foreign biz")
RBI announces 4-tiered regulatory framework for urban cooperative banks
The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of UCBs
 "RBI announces 4-tiered regulatory framework for urban cooperative banks")
e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot
Aims to involve 50,000 merchants, customers in the next few days
 "e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot")
Carlyle, Advent get conditional nod from RBI for 9.99% in Yes Bank
Private equity majors The Carlyle Group and Advent have got the Reserve Bank's nod to own up to 9.99 per cent in Yes Bank, the private sector lender said on Thursday
 "Carlyle, Advent get conditional nod from RBI for 9.99% in Yes Bank")
HDFC Bank completes mega bond issuance amid strong demand: Analysts
The private lender raised 150 billion rupees ($1.85 billion) through 10-year Tier-II bonds at an annual coupon of 7.86%, for which it had received bids worth 240.80 billion rupees
e-Rupee: India's digital currency fails to excite interest, say bankers
Seven bankers told Reuters that using the e-rupee of the Reserve Bank of India (RBI) was much the same as internet-based banking that users were already satisfied with
 "e-Rupee: India's digital currency fails to excite interest, say bankers")