Page 394 - Finance News

Cryptocurrencies are a 'clear danger': RBI governor Shaktikanta Das

Indian fintech industry value projected to hit $150 bn by 2025

Economic recovery gradual, uneven amidst global headwinds: RBI report

Corporate sales and profitability increasing and gross NPA of banks is at 6-year low

Sebi comes out with new format for disclosure of shareholding patterns

With an aim to provide further clarity and transparency in the disclosure of shareholding pattern to investors, Sebi on Thursday came out with a new format for disclosing shareholding patterns

Stock brokers to report cyber attacks within 6 hrs of detecting them: Sebi

Sebi on Thursday asked stock brokers and depositories participants to report all cyber attacks, threats and breaches experienced by them within six hours of detecting such incidents.

HSBC to relaunch India private banking business within a year: Exec

HSBC will revive its private banking business by the end of this year, according to bank officials

PNB Hsg Fin to seek shareholders' nod in July to raise Rs 12k cr in debt

PNB Housing Finance on Thursday said it will seek shareholders' approval next month to raise Rs 12,000 crore in debt capital.

CRISIL upgrades IOB's Basel III compliant tier II bonds from 'A+' to 'AA-'

CRISIL, in a statement, said the capital position has been supported by regular fund infusion and expectation of strong support from the majority stakeholder, the government

RBI fighting on several fronts to slow rupee's decline to fresh records

The rupee closed down 0.3% to 78.97 a dollar on Wednesday, extending this year's losses to 5.9%. RBI's stated stance is that it intervenes to curb currency volatility

What are the key takeaways from the 47th GST Council meeting?

The 47th GST Council meeting took a host of decisions that will affect everyone. This report tells about the key outcomes of the meeting and its likely impact on the stakeholders

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

Central banks need stronger communication in turbulent times: RBI governor

Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das

Large banks with healthy performance to outperform industry: Axis Bank CEO

As the competition heats up between banks and the fintech firms, large banks with perfomances and strong balance sheet will grow faster than the industry, Axis Bank MD&CEO Amitabh Chaudhry said

Axis satisfied with Citi India's credit card portfolio performance: Exec

Axis Bank is satisfied with the performance of Citi India's credit card portfolio when gauged by spends and Non-Performing Assets (NPAs), executive from the third largest private sector lender said

Proper interpretation of data necessary for informed decision making: Das

Das said lockdowns in various countries, including India, posed severe challenges to compilation and availability of data relating to the spread of the pandemic, and its impact on various economies

RBI may need to tweak forex strategy, let rupee weaken, say analysts

To control the tumble, the Reserve Bank of India (RBI) has sold dollars in the spot market and simultaneously bought and sold in the forwards market.

BoB rejigs corporate banking biz, to open 27 branches for mid-corp entities

After rationalisation, nine Bank of Baroda branches will cater to large corporates while 27 will be for mid-sized corporates

Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data

Seven states accounted for 63.3% of overall deposits; share of female holdings in incremental deposits more than doubled

India defies global slump with a record $82 bn dealmaking spree in Q2

India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg

Visa creates 100 mn card-on-file tokens following RBI norms last week

The landmark has been achieved in line with RBI's guidelines focusing on security and enhanced checkout experience, said Visa

The RBI is no fan of 'buy now, pay later' and it's wholly understandable

Last week, the Reserve Bank of India brought out its regulatory axe and hacked away at a popular path to small-ticket fintech loans