Page 364 - Finance News

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

LIC, Centre to sell 60.7% stake in IDBI Bank; DIPAM invites EoIs

DIPAM invites EoIs; last date to submit bids is Dec 16

IDBI Bank privatisation: Govt, LIC to sell 60.72% stake, invite bids

The last date for submission of bids or Expression of Interest is December 16

RBI likely to set underwriting commission in 1.00-1.50 paise band: Poll

The Indian government aims to raise at least 280 billion Indian rupees ($3.41 billion) through the sale of bonds on Friday

Bajaj Finance raises fixed deposit interest rate by up to 30 bps

Revised rates will be applicable from October 07, 2022.

RBI Guv Das launches advanced supervisory monitoring system DAKSH

Reserve Bank Governor Shaktikanta Das on Thursday launched a new 'SupTech' initiative DAKSH - the bank's Advanced Supervisory Monitoring System, which is expected to make supervisory processes robust

Muthoot Finance to raise Rs 300 cr via secured NCDs, issue size at Rs 75 cr

Proposed NCDs have AA+ rating from ICRA denoting 'high degree of safety'

RBI approves Prashant Kumar's appointment as Yes Bank CEO for three years

The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect from October 6, 2022.

Cost of spending on digital transformations plateauing: HDFC Bk's Parag Rao

On Thursday, the bank launched a new one-stop solution application for merchants called the 'SmartHub Vyapar Merchant app'

Ujjivan SFB reports 44 % YoY growth in advances in Q2, loan book expands

Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter

Can Fin Homes to consider raising up to Rs 4,000-cr debt capital

Canara Bank promoted housing loan provider Can Fin Homes is planning to raise debt capital of up to Rs 4,000 crore and will seek board of directors' approval on this proposal later this month

NARCL makes offers to acquire Jaypee Infratech debt held by Public Banks

NARCL's Rs 3,570-crore offer for the Rs 9,234 crore debt held by nine public sector lenders has triggered a Swiss challenge auction where it will have the right to match the winning bid and take over

Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix

If a person took a 20-year home loan of Rs 50 lakh in April 2019, their number of EMIs will now be 60 more than the original because of the recent repo rate hikes

Debit card issuances pick up in FY23 after 7-month slowdown a year earlier

Banks issue 17 mn cards in first five months of current fiscal, up 30% from 13 mn cards in year-ago period; Customers prefer debit cards for small value transactions, says report