Page 361 - Finance News

S&P affirms State Bank of India's 'BBB-' rating on improving asset quality

The rating agency also affirmed the short-term issuer credit rating 'A-3' and maintained stable outlook for the rating

Tax payments: spurt in quarter-end activity may squeeze liquidity further

Interest rates on term deposits, money market instruments could go up further, even as RBI may conduct repo operations to maintain liquidity in the system

Dhanlaxmi's governance turmoil: A saga of management-shareholder conflicts

The differences between the two are being complicated by an unsolicited bid from a little-known Delhi-based business group

Time to forge new bonds: Is corporate bond market at an inflection point?

Corporate bond issuance is looking impressive, but the market still has some distance to go before it can be considered deep

IOB, Bank of Baroda raise MCLR rates by up to 0.10%, makes loan costly

The two and three-year MCLRs have been hiked by a similar margin to 7.80 per cent each

BoI net profit down at Rs 2,221cr for FY22 on divergence in provisioning

State-owned Bank of India reported divergence in its asset classification for FY22, resulting in lowering of net profit for the year to Rs 2,221 crore

Two years after YES Bank fiasco, AT-1 bonds rekindle investor interest

HNI, insurance demand, better bank performance driving interest in instrument

Bank credit growth hits near nine-year high of 15.5%, shows RBI data

Achieving 20% growth going forward remains a challenge; deposits for week ended August 26 up 9.5%

YES Bank NPA sale challenge: Arcil-Cerberus backs out of the race

In July, YES Bank signed a binding term sheet with JCF ARC LLC and JC Flowers ARC for a strategic partnership for the sale of identified stressed loans of the bank

Retail investors' returns lowest in equity markets in 2003-22: Report

The Axis AMC analysts attribute this mainly to the frequent churn that investor portfolios faced when the market turns choppy

Indian banks' loans rose 15.5% YoY in two weeks to Aug 26, says RBI

Bank deposits rose 455.09 billion rupees to 169.94 trillion rupees in the two weeks to Aug 26

Amid rising credit demand, SBI  looks for a revamp to increase deposits

The State Bank of India is planning to revamp its current and savings accounts, salary accounts, and transaction banking businesses

Blind adoption of new fintech could have an adverse impact: RBI ED

The new tech will bring a lot of benefit but can also bring some significant potential for disruption in the future of finance, says ED

Digital lending norms aim to protect customer interest: RBI's Rao

Deputy Governor says guidelines issued on August 10 aim to curb exploitation of regulatory arbitrage

Banks jump on the ONDC bandwagon to draw synergy from the network

Nine banks have picked up stake in the Open Network for Digital Commerce (ONDC) network

HDFC Bank raises Rs 3,000 crore from bonds to fund business growth

Private sector lender HDFC Bank on Thursday said it has mobilised Rs 3,000 crore from bonds to fund business growth

RBI should be more synchronised with fiscal policy to tackle inflation: FM

Finance Minister Nirmala Sitharaman on Thursday said the Reserve Bank will have to be more synchronised with the fiscal policy and other factors in taming inflation

Appoint new CFO for RattanIndia Finance within 60 days, says NCLAT

Appellate tribunal NCLAT on Wednesday set aside an NCLT order and directed to appoint a CFO for non-banking finance company RattanIndia Finance within 60 days.

CBDC to bring down time, cost for cross-border transactions: RBI Deputy Guv

In the Union Budget for 2022-23, the finance minister had said the RBI would roll out a digital equivalent to the rupee in the current financial year

SBI sells largest AT-1 tranche at lowest rate for any bank so far this year

The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.