Page 351 - Finance News

RBI cancels the licence of Pune-based Seva Vikas Co-operative Bank

Seva Vikas Co-operative Bank lacked adequate capital and earning prospects.

SBI revamps call centre, to offer 30 banking solutions in 12 languages

Customers can avail services related to accounts, ATM cards and Cheque book, Emergency services (ATM card or digital channel blocking), access to digital products and support, product information, etc

Ratings devoid of lenders detail should be treated as unrated exposure: RBI

Capital charge to be linked to risk weight for unrated lending

RBI cancels licence of The Seva Vikas Co-op Bank amid inadequate capital

The Reserve Bank of India on Monday said it has cancelled the licence of Pune-based The Seva Vikas Co-operative Bank Ltd as the lender does not have adequate capital and earning prospects

I-banking fees dip in nine months to September as smaller deals dominate

Even some big-ticket deals such as the LIC IPO did not generate higher fees

AU Small Finance Bank re-appoints R V Verma as non-executive chairman

AU Small Finance Bank on Monday re-appointed former head of National Housing Bank (NHB) R V Verma as its non-executive chairman

IDBI Bank's privatisation process likely to conclude by Sep 2023: Officials

The financial bids for IDBI Bank privatisation is likely to be invited by March and the conclusion of the sale process is expected in the next financial year, officials said

RBI pulls up banks on exposures' ratings without lenders' names

The Reserve Bank of India (RBI) on Monday said that a bank loan rating by rating agencies not having lenders' names won't be considered for capital computation by banks

Bank of Maharashtra raises lending rate by 20 bps; EMIs to become costlier

State-owned Bank of Maharashtra (BoM) on Monday raised the marginal cost of funds-based lending rates (MCLR) by 0.20 per cent or 20 basis points across tenors

South Indian Bank enters World Book of Records for '101 Oonjals'

South Indian Bank bagged a world record for staging and swinging the highest 101

No material impact of rate hike on demand for home loans: RBI data

Experts from banking and real estate industry are of the opinion that though interest rates are important, they do not deter a home buyer as the decision is based on current income, future prospects

Capital expenditure by CPSEs accelerates to 43% of FY23 target in H1

While CPSEs spent Rs 2.8 trillion in capex in the first half of FY23, they had invested Rs 2.19 trillion during the year-ago period, registering 27.85 growth per cent

The making of digital rupee: A deep dive into RBI's concept note

Establishing a CBDC issuance may come with significant fixed infrastructure costs, but subsequent marginal operating costs are likely to be very low

Analysts see Q2 net profit growth of banks at 23% YoY, NII at 10%

The latest RBI data showed that as on September 23, bank credit grew at a nine-year high of 16.4 per cent on-year. Deposit growth lagged at 9.2 per cent

Bidders for IDBI Bank to declare no conviction or adverse regulatory orders

The move comes in the backdrop of the government terminating the sale of Central Electronics Ltd (CEL) to Nandal Finance & Leasing last month

Beyond the swipe: The ubiquitous PoS machine will soon become intelligent

Deployers of point-of-sale terminals are rethinking the way business is done

Having more than one SRO is good for business: Sa-dhan CEO Jiji Mammen

'Multiple SROs mean a greater number of watchful eyes'

SBI lines up NPAs over Rs 746 cr including Sintex BAPL for sale in Oct-Nov

The State Bank of India (SBI) has lined up various non-performing assets up for sale this month and the next, including the fraud account of Sintex BAPL, to recover over Rs 746 crore

Bandhan Bank loans, deposits rise over 20% to Rs 99,374 cr in Q2FY23

Bandhan Bank on Saturday reported a 22 per cent jump in loans and advances at Rs 99,374 crore at end of September quarter 2022.

YES Bank now on a hunt to buy stressed assets from other lenders

YES Bank agreed to sell Rs 48,000 crore ($5.9 billion) of a bad loan portfolio last month to JC Flowers' ARC, a move Prashant Kumar said will help boost its profitability