Page 392 - Finance News
RBI measures a step in right direction but forex inflows still seen limited
RBI announced five measures pertaining to the liberalisation of foreign exchange flows into India
 "RBI measures a step in right direction but forex inflows still seen limited")
Centre seeks to grant bank licence to PSBs to enable privatisation
The government is exploring several options to address the issue for enabling privastisation of PSBs
 "Centre seeks to grant bank licence to PSBs to enable privatisation")
Goldman Sachs sees Kotak Mahindra Bank entering $100-bn club by FY27
Shares of Kotak Bank rose 2.64 per cent on Wednesday to end at Rs 1,707, valuing the lender at $42.8 billion (Rs 3.4 trillion)
 "Goldman Sachs sees Kotak Mahindra Bank entering $100-bn club by FY27")
Equitas SFB Q1: Gross advances at Rs 21,699 cr as on June 30, up 22%
Equitas Small Finance Bank (Equitas SFB) on Wednesday said its gross advances grew by 22 per cent from a year ago to Rs 21,699 crore as of June 30.
 "Equitas SFB Q1: Gross advances at Rs 21,699 cr as on June 30, up 22%")
Canara Bank raises MCLR by 10 basis points to 7.50% with effect from July 7
Among other MCLRs from overnight to six-month tenors, the new rates will be in the range of 6.75-7.45 per cent.
 "Canara Bank raises MCLR by 10 basis points to 7.50% with effect from July 7")
Top headlines: RBI tries to shore up rupee; DGCA notice to SpiceJet
Union ministers Mukhtar Abbas Naqvi and R C P Singh submitted their resignations to Prime Minister Narendra Modi on Wednesday, a day before the completion of their Rajya Sabha term, sources said.
 "Top headlines: RBI tries to shore up rupee; DGCA notice to SpiceJet")
City Union Bank to raise up to Rs 500 cr via QIP; shareholder meet in Aug
The private sector lender said that its annual general meeting (AGM) is scheduled to be held on August 18, 2022, and it will seek shareholders approval for the capital raise plan
 "City Union Bank to raise up to Rs 500 cr via QIP; shareholder meet in Aug")
RBI liberalises norms to boost forex inflows to shore up rupee
The measures include easing norms for FPI investment in debt market, and increasing the ECB limit under the automatic route from $750 mn or its equivalent per financial year to $1.5 bn
 "RBI liberalises norms to boost forex inflows to shore up rupee")
SBI renews MoU with Indian Air Force for defence salary package
Under this scheme, it will offer various benefits and features to all serving and retired Air Force personnel and their families.
 "SBI renews MoU with Indian Air Force for defence salary package")
HDFC twins' merger: RBI awaits more data to decide on dispensation request
At present, HDFC, being a non-banking financial company, does not have to comply with the CRR, SLR and priority sector obligations like banks
 "HDFC twins' merger: RBI awaits more data to decide on dispensation request")
What should you keep in mind while filing your income-tax return?
The last date for filing income tax of AY 2022 is drawing close. We explain a few things which you should keep in mind before filing the tax return.
 "What should you keep in mind while filing your income-tax return?")
5 things to know before you choose your online broker
Good returns in the last few years brought new investors to the markets. To ensure that your money is safe, choosing the right brokerage is the key. Find out the qualities of a good online broker.
 "5 things to know before you choose your online broker")
Yes Bank loans rise by 14% by June-end; RBL Bank's up by 7%
Yes Bank on Tuesday said its loans and advances increased by 14 per cent to Rs 1,86,598 crore at the end of June 2022 from Rs 1,63,654 crore at end-June 2021.
 "Yes Bank loans rise by 14% by June-end; RBL Bank's up by 7%")
SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds
Banks may be looking to raise funds before rates harden further
 "SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds")
Ujjivan SFB gross NPAs down to sub-6%; advances up 38% to Rs 19,409 cr
Ujjivan Small Finance Bank said it brought down its gross bad loans proportion to sub-6 per cent as of April-June quarter, while its advances registered a growth of over 38 per cent to Rs 19,409 crore
 "Ujjivan SFB gross NPAs down to sub-6%; advances up 38% to Rs 19,409 cr")
IDBI Bank's gold loan business crosses Rs 10,000-crore milestone
IDBI Bank on Tuesday said its gold loan portfolio has crossed a Rs 10,000 crore milestone.
 "IDBI Bank's gold loan business crosses Rs 10,000-crore milestone")
HDFC Bank loans rose 21.5% YoY in Q1 to Rs 13.95 trn, deposits up 19.3%
Retail loans grew by around 21.5 per cent YoY in Q1 and approximately 5 per cent on a sequential basis, HDFC Bank said
 "HDFC Bank loans rose 21.5% YoY in Q1 to Rs 13.95 trn, deposits up 19.3%")
Auditor gave satisfactory report on business operations, says PFS
The forensic audit began after former chairman and outgoing independent directors of PFS raised governance and other issues in January this year
 "Auditor gave satisfactory report on business operations, says PFS")
RBI slaps penalties on Kotak Mahindra Bank, IndusInd Bank
The monetary penalty was imposed on IndusInd Bank as it failed to adhere to customer due diligence procedure in the accounts opened using OTP based e-KYC, in non-face-to-face mode
 "RBI slaps penalties on Kotak Mahindra Bank, IndusInd Bank")
HDFC Bank receives no objection letter from RBI for merger with HDFC
The RBI nod comes a day after both HDFC and HDFC Bank got no-objection from both stock exchanges, namely BSE and NSE
 "HDFC Bank receives no objection letter from RBI for merger with HDFC")