Page 384 - Finance News

West Bengal's share in small savings rises to highest since pandemic began

Maharashtra has also seen an increase in net collections in recent years

RBI to raise rates in August but no consensus on size of hike: Report

The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move

ICICI Bank, Bank of India, Indiabulls hike rates ahead of MPC meeting

The revised rates for new borrowers range between 7.80 per cent and 8.30 per cent, depending on credit and loan amount

To achieve positive real rate, MPC needs to take repo rate closer to 6%

In our view, the MPC is likely to deliver a 50 bps increase in the repo rate (currently at 4.9 per cent), for both global and domestic reasons

HSBC's Jan-June pretax profits from India jump 22% to $644 million

Foreign lender HSBC on Monday reported a 22 per cent jump in its pre-tax profit from Indian operations at USD 644 million for the January-June period of 2022.

Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal

Union Bank of India expects to recover Rs 15,000 crore from bad loan accounts during the current fiscal year, and a bulk of this would come from accounts undergoing insolvency resolution process.

Yes Bank's $1.1-bn capital raise welcome, but challenges remain: Analysts

Yes Bank may receive a rating upgrade now that its financial health has improved with the capital raise, but it will need to focus on keeping its bad loans in check, says ICICI Securities

ICICI Bank raises lending rate by 15 bps ahead of RBI MPC meeting

ICICI Bank, the second-largest private sector lender, on Monday raised its lending rates by 0.15 per cent across all tenors in anticipation of a rate hike by the RBI later this week.

Retail assets securitisation volumes rise 113% to Rs 33,000 cr in Q1 FY23

Retail assets securitisation volumes witnessed a sharp rise of 113% year-on-year to Rs 33,000 crore in first quarter of financial year 2022-23

BS policy poll: RBI may push rates up by 30-50 bps, say economists

MPC may front-load rate hikes to tame inflation, say economists

Linking RuPay credit cards with UPI a game-changer, but pain points remain

It could well be argued that had UPI been profitable for banks, they may have been able to settle for a lower MDR on RuPay credit cards

RBI may raise key policy rate by 25-35 bps to check inflation: Experts

Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by 25-35 basis points to check high retail inflation, experts said

Stressed accounts of Rs 2,500 cr identified for bad bank: Indian Bank

The bank's managing director and chief executive officer Shanti Lal Jain has said that out of the total eight accounts that were identified in the first phase, three were already resolved

HDFC raises benchmark lending rate, RPLR by 25 bps with effect from Aug 1

Housing Development Finance Corp Ltd hiked its benchmark lending rate by 25 basis points, with effect from August 1, the company said in an exchange filing

Competition may push deposit rates up over 100 bps by December: Bankers

There is, however, room for the deposit rates to rise, with the average one-year deposit rate for banks standing at 5.41 per cent

Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank

The fund-raising plan is subject to shareholder approval at the extraordinary general meeting, to be held on August 24

PNB raises asset quality guidance, aims to lower net NPA to 3.5% by March

Gross NPAs reduced to 11.27% in April-June quarter from 14.33% a year ago; eight accounts worth Rs 2,486 cr will be transferred to NARCL

Credit offtake to industry stays robust in June 2022, shows data

Bankers said the rise in credit offtake now is partly driven by expansion in economic activity

Global PE investors Carlyle, Advent to pick up 10% stake each in YES Bank

Yes Bank to cumulatively issue 3.69 billion equity shares at a price of Rs 13.78 per share to both investors; each investor will potentially acquire up to a 10% stake in the lender

NARCL to start operation with Rs 50,000 cr stressed loan by Sep: PNB MD

In September last year, the government had announced a guarantee worth Rs 30,600 crore to security receipts issued by NARCL. The guarantee will be valid for five years