Page 382 - Finance News

HDFC Bank's Kaizad Bharucha took home the most among bankers in FY22

Axis' Amitabh Chaudhry the highest paid among bank CEOs

RBI prescribes norms for small finance banks looking to deal in forex

Criteria for entering the forex business include profit in the preceding two years and net NPAs not being more than 6% in the previous four quarters

HDFC Bank, IDFC First hike MCLR post repo rate hike by Reserve Bank

Most banks have revised their external benchmark linked loan rates by 50 bps

HDFC hikes retail prime lending rate on housing loans by 25 bps from Aug 9

The mortgage lender has raised rates by 140 bps since May, passing on the entire repo hike to borrowers

RBI imposes fine on 8 urban co-operative banks for breach of various norms

Penalty has been imposed on Mehsana Urban Co-operative Bank for non-compliance with certain provisions of the Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016.

PNB Housing revamps 'Unnati' to offer Rs 9-12 lakh as affordable loans: CEO

PNB Housing Finance is revamping its 'Unnati' loan portfolio to go deeper into the affordable housing segment eyeing customers who need loans of Rs 9-12 lakh, MD & CEO Hardayal Prasad said.

PSBs recover Rs 6.42 trn NPAs, written off loans since from FY15 to FY22

From FY16 to FY21, the central government has infused Rs 3.36 trillion of capital in PSBs, while banks have raised an additional Rs 2.99 trillion from the markets

Normalising policy

The pace of rate hikes could moderate

ICICI Bank, PNB, Bank of Baroda lift loan rates post RBI rate hike

RBI's Monetary Policy Committee raised the repo rate to 5.40 per cent from 4.90 per cent, taking the benchmark policy rate to a three-year high

Bank of Baroda to raise Rs 1,000 cr via infra and affordable housing bonds

Bank of Baroda is planning to raise Rs 1,000 crore through issuance of infrastructure and affordable housing bonds on August 12

Monetary policy review: Economists see repo rate climbing to around 6%

At its current level, the repo rate is at its highest since August 2019

NRIs can now pay utility bills through Bharat Bill Payment System

More than 80 million transactions are processed on the payments platform on a monthly basis

India Inc's capex costs to shoot up as RBI hikes repo rate by 50 bps

The biggest losers would be the rate-sensitive real estate and two-wheeler sectors, which may see demand coming down

After rate hike, ask your lender to increase home loan EMI, not tenure

A 50-bps hike on a Rs 50 lakh loan of 20-year tenure would increase the EMI by Rs 1,545

MPC retains inflation forecast for FY23 but highlights external uncertainty

The projections of inflation for FY23 are based on the assumption of an average crude oil price of $105 per barrel and a normal monsoon

Monetary policy: Negative interest rates are a matter of concern, says RBI

'The monetary policy is an inflation targeting framework while keeping in mind the objective of growth', said Das

Banks can't rely on RBI money 'perennially' for credit demand: Governor Das

Slow deposit growth may create funding challenging for lenders in the festival season

Time for measured RBI monetary policy moves: What prompted the rate hike

The MPC maintained its hawkish stance, raising the rate to a three-year high

RBI stays hawkish in fight against inflation; MPC reverses Covid-era cuts

RBI hikes repo rate by 50 bps, keeps FY23 inflation, growth forecasts at 6.7% & 7.2%; home loan rates set to exceed 8%

Loan EMIs to rise as RBI increases repo rate by 50 bps to curb inflation

Several banks have already raised their borrowing rates and some will again increase their rates after this hike by the central bank.