Page 381 - Finance News

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

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.

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

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

RBI asks banks, regulated entities to prevent harassment by recovery agents

No phone calls to borrowers before 8 am and after 7 pm; 'no intrusion of privacy'

MCLR more effective in policy transmission than base rate regime: RBI paper

Using different models, the paper estimates the degree of pass-through of monetary policy to bank lending rates under both the base rate and the MCLR regimes using dynamic panel data regression.

RBI guidelines may lead to high compliance cost for digital lending apps

Industry associations are likely to approach the RBI to weed out any interpretational ambiguity

State finances: Why FPIs need a reality check before they loosen the purse

Greater scrutiny shows that stagnant revenues and unrestrained freebies have left most of them in a perilous position

Lower bad loans push PSU banks' profitability in June quarter: Analysis

Cumulatively, all the 12 public sector banks reported a profit of about Rs 15,306 crore in the three months ended June, registering an annual growth of 9.2 per cent.

J&K Bank aims to achieve business of Rs 4 tn in next 5 years: CEO

Jammu and Kashmir Bank has set a long-term goal of achieving Rs 4,00,000 crore business in the next five years with annual profit of Rs 4,000 crore, a top company official has said

Six merchant bankers in fray for HZL stake sale; presentation on Friday

As many as six merchant bankers are vying to handle and manage the sale of the government's 29.53 per cent residual stake in Hindustan Zinc Ltd (HZL), according to an official notice

RBI issues digital lending norms, reserves space for regulated entities

Only entities regulated by RBI or other bodies permitted by law can carry out digital lending, says RBI

RBI cancels Rupee Co-operative's licence; lender to cease business Sep 22

More than 99% of depositors of Pune-based lender to receive the full amount, says regulator

States' share in central taxes come down to 29-32% against recommended 41%

The previous five years saw the states' share, except for 2019-20, in between 34.5% and 37%, whereas the recommendation was to give them a 42% share

CoinSwitch launches $10 mn fund to support start-ups, blockchain tech

Web3 Discovery will give entrepreneurs access to investors like Tiger Global, Ribbit Capital, Coinbase Ventures

SBI, Bank of Baroda may look to raise Rs 8,000 cr through bond sale

While SBI may opt for Rs 4,000-crore tier-II bond sale, Bank of Baroda looks to issue AT-1 bonds worth Rs 3,000-4000 crore in tranches

Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom

Lender was aiming to raise Rs 127 crore for growth plans