Page 387 - Finance News

UCB digital push: Umbrella body NCFDC to be operational by early 2023

Customers of UCBs, including those with a single branch, will be able to access their bank accounts across two million customer touchpoints

RBI imposes Rs 57.75-lakh penalty on Suryoday Small Finance Bank

"This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon validity of any transaction or agreement entered into by the bank with its customers," RBI said

RuPay credit card-UPI linkage to be operational in 2 months, says NPCI CEO

NPCI will come up with the guidelines in consultation with the ecosystem. It will send a formal proposal to the RBI, and after the apex bank's nod, it will be operationalised.

Bandhan Bank Q1 net profit doubles to Rs 887 cr due to decline in bad loans

Total income increased to Rs 2,844.1 crore from Rs 2,731 crore. Interest income of the lender jumped to Rs 2,514.4 crore from Rs 2,114.1 crore, Bandhan Bank said in a regulatory filing.

FPI legroom in Kotak Bank exceeds 20%

This may pave way for the stock's re-entry into FTSE All-World index

Explained: What is a credit score, why is it important & how to improve it

A credit score is among the first things a financial institution would check in order to sanction a loan

Banks likely to lose Rs 11,790 cr in Q1 on bond rally, says report

Banks are unlikely to take a big hit on profitability this quarter due to rising bond yields, which may eat up 5.3 per cent (Rs 11,790 crore) of their net income in the worst-case scenario

YES Bank's deal with Carlyle, Advent on $1 bn stake investment gathers pace

Carlyle's top executives and Advent's leaders in a series of meetings with Yes Bank and SBI's senior management, and RBI officials this week decided the contours of the investment plan

Statsguru: Six charts explain state of stressed finances in India

The RBI study turned the spotlight on 10 states that were reeling from financial stress and on their growing inability to service their debt

Indian economy relatively better placed amid grim global scenario: RBI Guv

"RBI has been supplying US dollars to the market to ensure adequate supply of liquidity," Governor Shaktikanta Das said

IDBI Bank's Q1 net rises 25% to Rs 756 cr as provisions, contingencies dip

The bank had posted a net profit of Rs 603 crore during the same period last year (Q1FY22)

Bad loan ratio of banks likely to fall to 5-5.5% by March 2024: S&P Global

S&P Global Ratings on Thursday said non-performing loans of banks are expected to decline to 5-5.5 per cent of the total advances by March 2024.

RBI reschedules next MPC meet to Aug 3-5 due to 'administrative exigencies'

The last time an MPC meet was rescheduled was in February 2022 after the demise of renowned singer Lata Mangeshkar

RBL Bank posts net profit of Rs 201 cr in Q1, asset quality improves

The bank's provisions and contingencies fell to Rs 253 crore as compared to Rs 1,384 crore in Q1FY22

CSB Bank profit nearly doubles to Rs 115 cr in Q1; asset quality improves

Private lender CSB Bank on Thursday reported 88 per cent growth in its net profit at Rs 115 crore in the first quarter of FY23 on the back of decline in bad loans.

R Gandhi, Gopalakrishnan cease to be directors on Yes Bank board: RBI

Former RBI Deputy Governor R Gandhi and professor Ananth Narayan Gopalakrishnan have ceased to be additional directors on the board of Yes Bank following a new board in place.

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

RBI renews statement of commitment to global code on best market practices

The FX Global Code, developed under Bank for International Settlements, Basel, compiles the practices formulated by central banks worldwide

Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up

Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising bond yields.

NITI Aayog moots licensing, regulatory framework for digital banks

Digital banks will be subject to prudential and liquidity norms on a par with existing commercial banks