Page 388 - Finance News
RBI should come up with on-tap licences for UCBs, says Satish Marathe
The revised guidelines on UCB proposed a four-tiered regulatory framework with differentiated regulatory prescriptions aimed at strengthening the financial soundness of the existing UCB
 "RBI should come up with on-tap licences for UCBs, says Satish Marathe")
IndusInd Bank Q1 net up 64% to Rs 1,603 cr on surge in net interest income
On the asset quality front, IndusInd Bank's gross non-performing asset ratio was at 2.35 per cent as on June 30
 "IndusInd Bank Q1 net up 64% to Rs 1,603 cr on surge in net interest income")
RBI issues digital currency for wholesale, retail segments in phased manner
The Reserve Bank of India is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for the wholesale and retail segments, an official said on Wednesday
 "RBI issues digital currency for wholesale, retail segments in phased manner")
Why the rupee at 80 against the US dollar may not be bad news?
Exchange rate of the rupee fell to Rs 79 per US dollar this week. Rupee also strengthened against G10 currencies like euro, yen and pound sterling. Find out the virtues and vices of depreciating rupee
 "Why the rupee at 80 against the US dollar may not be bad news?")
Canara Bank raises Rs 2,000 cr by issuing Basel III compliant bonds
"The bank received total bid amount of Rs 5,719 crore, out of which full issuance of Rs 2,000 crore was accepted at 8.24 per cent," Canara Bank said in a regulatory filing.
 "Canara Bank raises Rs 2,000 cr by issuing Basel III compliant bonds")
RBI hikes capital adequacy ratio for urban cooperative banks to 12%
Rule applies to banks with deposits above Rs 100 crore; glide path till March 2026, to meet revised CAR norm in phases for UCBs that do not meet it currently
Bank fraud cases decline by about 50% in FY22: MoS Finance tells Parliament
The amount involved in the frauds too declined to Rs 3,204 crore from Rs 7,306 crore in 2020-21.
 "Bank fraud cases decline by about 50% in FY22: MoS Finance tells Parliament")
US' return as leading source of Indian remittances mirrors pre-2008 trend
North America had a high share of remittances before the global financial crisis
 "US' return as leading source of Indian remittances mirrors pre-2008 trend")
Urban co-operative banks to have four-tiered regulatory framework: RBI
An expert committee, headed by former RBI deputy governor N S Vishwanathan, had made a host of recommendations for strengthening the UCBs
 "Urban co-operative banks to have four-tiered regulatory framework: RBI")
Battered by three decades of controversy, TMB looks back to the future
The storied bank hopes to put its troubles behind it with its impending IPO
 "Battered by three decades of controversy, TMB looks back to the future")
Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort
The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies
 "Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort")
PNB Hsg Fin, 12 individuals settle with Sebi a case related to Carlyle deal
The housing finance player, part of state-owned PNB, and the 12 individuals, who were directors of the company as on May 31, 2021, jointly paid Rs 72.76 lakh towards settlement
 "PNB Hsg Fin, 12 individuals settle with Sebi a case related to Carlyle deal")
RBI imposes restrictions on 2 co-op banks; customers cannot withdraw funds
The restrictions on Sri Mallikarjuna Pattana Sahakari Bank Niyamita, Maski (Karnataka) and Nashik Zilla Girna Sahakari Bank, Nashik (Maharashtra) will remain in force for six months
 "RBI imposes restrictions on 2 co-op banks; customers cannot withdraw funds")
Investment via P-notes drops to Rs 80,092 cr in Jun; volatility to continue
Investment in the Indian capital markets through participatory notes (P-notes) declined to Rs 80,092 crore till June-end, making it the lowest level in 20 months
 "Investment via P-notes drops to Rs 80,092 cr in Jun; volatility to continue")
RBI imposes restrictions on Raigad Sahakari Bank, caps customer withdrawals
The RBI imposed several restrictions on Mumbai-based Raigad Sahakari Bank, including a withdrawal cap of Rs 15,000 per customer, due to deterioration in the financial condition of the lender
YES Bank plans to invest Rs 350 cr in JC Flowers, raise $1 bn in FY23
JC Flowers has been named as the base bidder for bad loans worth Rs 48,000 crore of YES Bank
 "YES Bank plans to invest Rs 350 cr in JC Flowers, raise $1 bn in FY23")
IndusInd Bank's board approves fundraise of up to Rs 20,000 crore
The bank's board also approved the re-appointment of Akila Krishnakumar as non-executive independent director
 "IndusInd Bank's board approves fundraise of up to Rs 20,000 crore")
FPI legroom not enough for big MSCI boost, says Macquarie Capital
According to the latest June quarter shareholding data, the FII shareholding in HDFC Bank and HDFC Ltd has declined to 65.81 per cent and 67.7 per cent, respectively
 "FPI legroom not enough for big MSCI boost, says Macquarie Capital")
Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates
Sponsor banks - that hold about 35 per cent in RRBs - have been asked to handhold regional lenders at all stages from identification of merchant bankers to the conclusion of IPO
 "Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates")
'Govt, RBI moves help banks recover Rs 8.6-trn bad loans in last 8 fiscals'
Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing assets (NPAs) is normal, although an undesirable, corollary to business of banking