Page 353 - Finance News
PFRDA further eases paperless onboarding with CKYC documentation
PFRDA already facilitates digital onboarding for its pension schemes under National Pension System (NPS) through documents issued via Digilocker, Aadhaar eKYC, PAN or bank account details
 "PFRDA further eases paperless onboarding with CKYC documentation")
Rising interest rates to mute bond issuance this fiscal, says report
Corporate bond issuance is likely to remain muted witnessing 4-5 per cent growth this fiscal to touch Rs 41.42 trillion on rising coupon rates, a report said
 "Rising interest rates to mute bond issuance this fiscal, says report")
After KFW deal, SBI now in talks with EIB for Euro 200 mn green funding
Last week the lender tied up its second Euro 150 million funding with German govt-owned KFW as part of solar partnership with India
 "After KFW deal, SBI now in talks with EIB for Euro 200 mn green funding")
Punjab & Sind Bank to take call on Rs 300 cr QIP in fourth quarter: MD Saha
State-owned Punjab & Sind Bank would take a call on raising equity capital through qualified institutional placement (QIP) after taking into account third quarter numbers and pace of loan growth
 "Punjab & Sind Bank to take call on Rs 300 cr QIP in fourth quarter: MD Saha")
Bank of Maharashtra tops list of PSU lenders in credit growth in Q2
Bank of Maharashtra emerged as the top performer among public sector lenders in terms of loan growth in percentage terms during second quarter of 2022-23
 "Bank of Maharashtra tops list of PSU lenders in credit growth in Q2")
Sundaram Finance to revise interest rates on deposits from November 16
Its loan book stood at Rs 33,783.36 crore in the quarter as against Rs 28,856.48 crore earlier
 "Sundaram Finance to revise interest rates on deposits from November 16")
Banks go slow on bond sales as rising interest rates push up costs
The decision to go slow on these fund-raising plans - despite the booming credit growth - came at a time when bond market conditions turned turbulent
 "Banks go slow on bond sales as rising interest rates push up costs")
PNB offers up to 7.85% interest rate on 600-day fixed deposit scheme
Non-callable deposits are those with no option of premature withdrawal
 "PNB offers up to 7.85% interest rate on 600-day fixed deposit scheme")
Suryoday SFB reports Rs 13-cr Q2 net against Rs 1.92-cr loss a year ago
On a sequential basis, the bank's net profit rose 67.7 per cent from Rs 7.75 crore in April-June
 "Suryoday SFB reports Rs 13-cr Q2 net against Rs 1.92-cr loss a year ago")
Bank of Baroda slashes home loan rates by 25 bps for limited period
New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders
 "Bank of Baroda slashes home loan rates by 25 bps for limited period")
RBI targets selling first batch of green bonds as early as December
Reserve Bank of India, the nation's debt manager, is preparing to sell its first ever batch of sovereign green bonds as early as next month, according to people with knowledge of the matter
 "RBI targets selling first batch of green bonds as early as December")
Billionaire Hinduja brothers end family feud on pact signed in 2014
The fight among Hinduja brothers was caused because of a pact signed by them in 2014 that said that 'everything belongs to everyone and nothing belongs to anyone'
 "Billionaire Hinduja brothers end family feud on pact signed in 2014")
RBI prods Indian civic bodies to issue municipal bonds for funding
India's local city governments must consider issuing municipal bonds to meet their funding requirements as the demand to ramp-up infrastructure in the Asia's third-largest economy grows
 "RBI prods Indian civic bodies to issue municipal bonds for funding")
This company promises to let feature phone users make UPI transactions
The Mumbai-based fintech company says by using its services, feature phone users can access their bank accounts, transfer funds, and make bill payments by giving a missed call
 "This company promises to let feature phone users make UPI transactions")
How to transfer shares?
Staying with the theme of financial markets, most of us know how to purchase shares. But what if you want to transfer their ownership? Let's know how to do it
 "How to transfer shares?")
First green bond to attract mix of local and foreign buyers: Bankers
The government intends to raise 160 billion rupees ($2 billion) via the issue in the January-March quarter.
 "First green bond to attract mix of local and foreign buyers: Bankers")
Union Bank of India secures second rank on IBA's EASE reforms index
Union Bank of India is the 2nd Best Bank in adopting reforms prescribed for Public Sector Banks
 "Union Bank of India secures second rank on IBA's EASE reforms index")
Municipal corps should explore land-based models to raise funds: RBI
In a first ever comprehensive analysis of Municipal finances, it said MCs need to adopt sound and transparent accounting practices with proper monitoring
 "Municipal corps should explore land-based models to raise funds: RBI")
NPCI likely to extend volume cap deadline for existing UPI apps
PhonePe, and Google Pay likely to be the beneficiaries
 "NPCI likely to extend volume cap deadline for existing UPI apps")
Crippled by huge losses, RSRTC seeks six-month time to repay bond
The last instalment, which the firm has requested an extension for, is worth Rs 124.72 crore
 "Crippled by huge losses, RSRTC seeks six-month time to repay bond")