Page 368 - Finance News
Gujarat: Japanese lender MUFG Bank commences operations from GIFT City
Going forward, the bank will strive to further leverage its enhanced office footprint to provide an even more extensive and enriched suite of financial services to meet diverse needs of its customers
 "Gujarat: Japanese lender MUFG Bank commences operations from GIFT City")
Bank of Baroda launches special deposit schemes offering interest up to 6%
The scheme, to be available till December 31, 2022, has two tenor buckets of 444 days and 555 days, offering interest rates of 5.75 per cent per annum and 6 per cent per annum, respectively.
 "Bank of Baroda launches special deposit schemes offering interest up to 6%")
Ujjivan Small Fin Bank raises interest rate on fixed deposits by up to 1.5%
Ujjivan Small Finance Bank has raised interest rate on fixed deposits by up to 1.5 per cent
 "Ujjivan Small Fin Bank raises interest rate on fixed deposits by up to 1.5%")
ADR vs GDR: Know the difference
A depositary receipt is a financial instrument that allows people to invest in the shares of foreign companies. In this report, we tell you about the different kinds of depositary receipts
 "ADR vs GDR: Know the difference")
From SBI to BoB, banks rush to woo depositors ahead of festival season
SBI, Bank of Baroda, Canara Bank lift rates to 6% and above
 "From SBI to BoB, banks rush to woo depositors ahead of festival season")
Indian banks now in better position to manage interest rate risks
Reduction in bond duration puts lenders on stronger footing amid higher yields
 "Indian banks now in better position to manage interest rate risks")
SBI launches its first dedicated branch to support start-ups in Bengaluru
SBI Chairman Dinesh Khara said, based on the experience which the bank gathers from here, it will keenly evaluate the opportunity that exists in other cities for such a start-up initiative.
 "SBI launches its first dedicated branch to support start-ups in Bengaluru")
What is a letter of comfort?
The Reserve Bank of India recently disallowed the use of Letters of Comfort (LoC), which may impact loans worth Rs 35,000 crore. What is this letter of comfort? Let us find out
 "What is a letter of comfort?")
SBI hikes MCLR for various tenures by 20 bps; third hike in three months
SBI's MCLR rate for overnight to three-month has increased to 7.35 per cent from 7.15 per cent, while six-month MCLR has increased to 7.65 per cent from 7.45 per cent
 "SBI hikes MCLR for various tenures by 20 bps; third hike in three months")
Expecting to sustain loan growth of 15% in current fiscal: SBI chairman
The country's largest lender reported a 14.93 per cent rise in advances to Rs 29,00,636 crore in the first quarter ended June 30, 2022 as compared to Rs 25,23,793 cr during the same period a year ago
Extraordinary leader, partner and friend: Tributes to Anshu Jain
The first non-European head of Deutsche Bank passes away at 59
 "Extraordinary leader, partner and friend: Tributes to Anshu Jain")
Bank of India expects 10-12% growth in advances in current fiscal
State-owned Bank of India expects advances to grow by 10-12 per cent in the current fiscal year with corporate loans yet to pick-up, top official said in an analysts call
 "Bank of India expects 10-12% growth in advances in current fiscal")
Bank-NBFC co-lending model yet to take off as more tweaks may be needed
When the live-in arrangement between banks and NBFCs was flagged off on September 21, 2018, it was for co-origination
 "Bank-NBFC co-lending model yet to take off as more tweaks may be needed")
Anshu Jain, first non-European to head Deutsche Bank, passes away at 59
Jain recently recruited teams of traders from larger rivals to work at Cantor Fitzgerald as that firm's chief, Howard Lutnick, expanded ambitions in trading and relationships with global investors
Foreign exchange reserves fall $897 mn to $572.98 bn in week ending Aug 5
India's foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India's (RBI) bulletin weekly statistical supplement
 "Foreign exchange reserves fall $897 mn to $572.98 bn in week ending Aug 5")
Bank of Maharashtra tops list of PSU lenders in Q1 loan, deposit growth
Bank of Maharashtra (BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth in percentage terms during the first quarter of 2022-23.
 "Bank of Maharashtra tops list of PSU lenders in Q1 loan, deposit growth")
Despite better transmission, MCLR didn't meet expectations: RBI paper
The views expressed in the paper are those of the authors and not necessarily those of the institution to which they belong
 "Despite better transmission, MCLR didn't meet expectations: RBI paper")
Reserve Bank directs loan recovery agents not to intimidate borrowers
While issuing instructions to regulated entities including banks, NBFCs and ARCs, RBI said it has observed that recovery agents are deviating from its instructions with regard to recovery of loans
State Bank of India moves NCLT to recover dues from Bajaj Hindusthan Sugar
The sugar and ethanol producer owes nearly Rs 4,800 crore to banks
In unclaimed funds case, Supreme Court issues notice to Centre
A bench of Justices S A Nazeer and J K Maheshwari issued notices to the Ministry of Finance, Reserve Bank of India, SEBI and others on a petition filed by journalist Sucheta Dalal
 "In unclaimed funds case, Supreme Court issues notice to Centre")