Page 380 - Finance News

RBI report projects retail inflation within tolerance band by Q1FY24

Says persistent high inflation needs policy response

UPI charges may partially offset loss on credit card MDR: RBI paper

UPI charges may partially offset loss on credit card MDR

UPI expands; Indian flyers to UK to enjoy hassle-free digital transactions

Expanding further outside India, the indigenously developed real-time payments solution UPI will foray into the UK market starting with QR code-based transactions.

Axis Bank hikes MCLR by 5 bps across tenors, follows other lenders

Banks change lending policy to keep up with monetary policy committee's raising repo rate

Big-bang privatisation of PSUs can be harmful, says RBI article

The study has found that labour cost efficiency is higher in PSBs in comparison to private banks

HDFC Bank may introduce credit scores for third-party vendors

Latest Reserve Bank of India data showed that in 2021-22, frauds to the tune of Rs 60,414 crore were reported, down 56.28 per cent from Rs 1.38 trillion in 2020-21

Microfinance loans grow 24% YoY in Q1 of FY23; credit quality stable

Fund flow to the sector has improved but some smaller MFIs still find it difficult to access finance from banks

RBI seeks public feedback on charges in payment systems by Oct 3

Charges for payment services should be reasonable and competitively determined for users while also providing optimal revenue stream for the intermediaries, states the discussion paper

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

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.

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

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

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

Indian banks now in better position to manage interest rate risks

Reduction in bond duration puts lenders on stronger footing amid higher yields

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.

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

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

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

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