Page 406 - Finance News

India looking at spending Rs 2 trillion more to fight inflation: Report

To fight the ongoing inflation in the global market, India is looking at spending an additional 2 trillion rupees and balance the national economy

Bandhan Bank to increase exposure to secured loans, says MD & CEO

Private lender Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, an official said.

No capital support from govt needed this year: Punjab & Sind Bank MD

Punjab & Sind Bank would not require further capital infusion from the government to meet growth needs during the current fiscal year, the top official of the bank said

Bank of Maharashtra eyes 25-30% jump in net profit in FY23 with NII growth

In the fiscal ended March 31, 2022, the Pune-based lender reported an over two-fold jump in its profit after tax (PAT) at Rs 1,152 crore, as against Rs 550 crore for the year ended March 2021

PNB earns over Rs 645 crore through ATM transaction charges in FY22

Besides, the country's second largest lender collected Rs 239.09 crore in the form of penalty imposed on customers who failed to maintain minimum balance or quarterly/monthly average balance

Karur Vysya Bank posts 105% rise in net profit to Rs 213 crore in Q4

The bank is expecting a 12 per cent growth on advances and 15 per cent on the CASA front during the current financial year.

Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

BRICS bank to open India's regional office in GIFT City in Gujarat

The Indian Regional Office will be instrumental in enhancing NDB's engagement with borrowers and stakeholders

Equitas SFB MD & CEO P N Vasudevan announces decision to leave bank

The executive who founded the lender will continue in his post till a successor is found.

RBI asks for option of interoperable card-less cash withdrawal at ATMs

NPCI advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

RBI approves India, Sri Lanka trade settlement in rupee outside ACU

Regulatory nod only for State Bank of India's term loan of $1 billion for island nation battling economic crisis.

Sebi withdraws permanent recognition granted to Indian Commodity Exchange

Markets regulator Sebi on Thursday said it has withdrawn the recognition granted to the Indian Commodity Exchange Limited (ICEX).

RuPay cards are expanding footprint but domestic performance remains muted

RuPay transaction volumes rose marginally during the pandemic, value rose 40 per cent

Bank credit grows 10.82%; deposits rise 9.71% in fortnight ended May 6: RBI

In FY22, bank credit rose by 8.59% and deposit by 8.94%

Dhanlaxmi Bank's Q4 net profit jumps over four-fold to Rs 23 crore

Private sector lender Dhanlaxmi Bank on Thursday reported over four-fold jump in its net profit at Rs 23.42 crore in quarter ended March 2022, on fall in bad loan ratio as well as interest income

RBI seeks option of interoperable card-less cash withdrawal at ATMs

NPCI has been advised to facilitate Unified Payments Interface integration with all banks and ATM networks, says RBI

Punjab & Sind Bank Q4 net profit more than doubles to Rs 346 crore

Punjab & Sind Bank on Thursday reported an over two-fold jump in net profit at Rs 346 crore for the quarter ended March 2022, helped by a decline in bad loans.

MPC members argued for front-loading rate hikes in view of inflation

External member Jayanth Varma said 100 bps rate hike required 'very soon'

Flow of money into NRI deposits moderates to $3.23 bn in FY22: RBI data

Outstanding deposits have also gone down to $139.02 billion at the end of March 2022. This compares to $141.89 billion a year ago, according to Reserve Bank of India (RBI) data.

At $20 bn, RBI makes highest-ever dollar sales in spot markets in a month

The central bank has been intervening in all segments of the currency market, which has slowed the pace of rupee depreciation.