Page 368 - Finance News
HDFC Bank launches festive scheme; home, personal, auto loans included
The loans for these categories, which fall under a scheme titled 'Festive Treats 4.0', are applicable till October 31, 2022, the bank's website showed
 "HDFC Bank launches festive scheme; home, personal, auto loans included")
India Ratings upgrades non-bank lenders' outlook to neutral from improving
Domestic rating agency India Ratings on Tuesday upgraded its outlook on the non-bank lenders to "neutral" from "improving" on better collection efficiencies and asset growth in the sector
 "India Ratings upgrades non-bank lenders' outlook to neutral from improving")
RBI's MPC to start 3-day meet on Wednesday, another rate hike likely
RBI's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation
 "RBI's MPC to start 3-day meet on Wednesday, another rate hike likely")
Decoded: What are green bonds and how much will be the govt issue?
Green bonds are debt instruments the proceeds of which are utilised to finance projects that are beneficial to the environment
 "Decoded: What are green bonds and how much will be the govt issue?")
RBI may need to reload reserves as rupee falls further: HDFC economist
The Reserve Bank of India may need to find ways to replenish its foreign exchange reserves such as encouraging non-resident Indians to deposit more funds, as it looks to stabilise a depreciating rupee
 "RBI may need to reload reserves as rupee falls further: HDFC economist")
What are the implications of Rupee staying beyond 80?
The Indian rupee continued to depreciate as it hit the all-time low of 81.63 against the US dollar on Monday. Even though it doesn't spell bad news for all the sectors, what will be the implications?
 "What are the implications of Rupee staying beyond 80?")
FM Sitharaman to review credit, welfare schemes for SCs on Tuesday
The review of measures undertaken for the welfare of SCs in the banks would be one of the agendas of the meeting
 "FM Sitharaman to review credit, welfare schemes for SCs on Tuesday")
UCO Bank, used by India for Iran payments, plans rupee trade with Russia
UCO Bank will put in place operational modalities before opening the account with the Russian counterpart, Prasad said, adding that there is no clear time line on when transactions can begin
 "UCO Bank, used by India for Iran payments, plans rupee trade with Russia")
NBFCs' recovery to be hit after RBI action against M&M Financial Services
Moreover, as lenders will not deploy their own staff for such activity, their operation costs may go up, said experts
Samsung forays into finance, launches credit card with Axis Bank and Visa
Samsung Axis Bank Credit Card will allow customers to avail of a 10 per cent cashback across all Samsung products and services throughout the year
 "Samsung forays into finance, launches credit card with Axis Bank and Visa")
Govt draws up plans to address concerns of green bond investors
A government official aware of the developments said the treatment for such bonds had to be different from that for the money raised through various types of cess
Can financial services be made bite-sized to deepen credit penetration?
Small can be more beautiful: Large-scale sachetisation of financial services may be just around the corner
 "Can financial services be made bite-sized to deepen credit penetration?")
Canara Bank to raise Rs 3,000 cr in AT1, tier-II capital in H2FY23
The bank, which aims to keep capital adequacy at the 16% and above level, has already raised Rs 6,000 cr via these instruments in H1
 "Canara Bank to raise Rs 3,000 cr in AT1, tier-II capital in H2FY23")
RBI set for fourth straight rate hike to quell inflation, say experts
The RBI, which has since May raised the short-term lending rate by 140 bps, may again go for a 50 bps increase to take it to a three-year high of 5.9%, say experts
 "RBI set for fourth straight rate hike to quell inflation, say experts")
ADB explains why RBI may slow down on rate cuts till next year
'The RBI may consider slowing the pace of policy rate hikes until next year because economic activity, although increasing, remains below the pre-pandemic trend,' says ADB
 "ADB explains why RBI may slow down on rate cuts till next year")
High NPAs in education loan segment turn banks cautious, says PSB official
As a result some genuine cases are overlooked and there are delays, the official said.
 "High NPAs in education loan segment turn banks cautious, says PSB official")
We're looking to hire 1,700 bankers this year: Central Bank of India MD
Rao says he doesn't foresee much flight of CASA money into term deposits as deposit rates are hiked
 "We're looking to hire 1,700 bankers this year: Central Bank of India MD")
At 16.2%, credit growth in banking system at multi-year high: RBI data
But a widening credit-deposit gap is a concern for lenders
 "At 16.2%, credit growth in banking system at multi-year high: RBI data")
Customers must report unauthorised transactions immediately: SBI chief
Khara asserted that customer service should be given the utmost priority and urged customers of the bank to remain aware for checking the rise of cybercrime cases.
 "Customers must report unauthorised transactions immediately: SBI chief")
Will exit reconstruction scheme after lock-in period ends: YES Bank
The RBI has set three parameters for YES Bank before it can leave the reconstruction scheme
 "Will exit reconstruction scheme after lock-in period ends: YES Bank")