Page 410 - Finance News

Lower provisions drive Federal Bank Q4 net up 13% to Rs 541 cr

NIM of the lender rose 7.38% to Rs 1,525.21 crore in Q4FY22, from Rs 1,420.37 crore in the year-ago period

Canara Bank Q4 net up 65% to Rs 1,666 cr on better net interest margins

Lender to raise up to Rs 9,000 cr in capital via AT1, tier-II bonds

Lenders to get 10-15 bps margin gains from rate hike, says report

India Ratings said the market rates had already been moving higher before the move

RBI imposes penalty on Daimler Financial, KKR India Financial Services

The central bank said it conducted statutory inspection of the two companies with reference to their financial position as on March 31, 2020

How will the RBI's repo rate hike impact your home loan?

The RBI hikes repo rate from 4 to 4.4 per cent on Wednesday. Home loans from banks are linked to the repo rate. So, what will be the impact on existing and new borrowers? And, how should they respond?

What is a neobank?

Bengaluru-based startup Open has recently become India's 100th unicorn. It's a neobank. But, what exactly is a neobank and how is one different from a traditional bank? Let's find out.

Central Bank of India to close 600 branches by March 2023, says report

The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023

RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT

Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing

RBI repo rate hike: Higher yields leave Centre and states concerned

Cost of borrowing to go up; analysts say robust tax revenues crucial

Eye on target: Fears of high inflation prompted RBI's off-cycle meeting

Growth forecast was cut to 7.2 per cent, from 7.8 per cent for FY23. Both forecasts were made assuming crude oil prices at $100/bbl

Banks start raising their lending rates for external benchmark loans

ICICI Bank raises its rate to 8.10%; BoB ups repo-linked rate to 6.90%

Impact of RBI's repo rate hike on borrowers, investors and the economy

RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee has voted to increase repo rate by 40 basis points, to 4.40%. What will be its impact on the economy? Let's find out

Bond yield shoots up; another interest rate hike likely in June

Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too

Lending rates set to rise; interest rates on deposits may also move up

Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark

RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps

The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy

State Bank of India to raise $2 billion through overseas bonds in FY23

The executive committee of the Bank's central board will meet on May 10 to examine the status and decide on long term fund raising in single/multiple tranches, the bank informed BSE

Kotak Mahindra Bank's consolidated net rises 50% to Rs 3,892 cr in Q4FY22

The lender's net interest income increased 18% YoY to Rs 4,521 crore, aided by a loan growth of 21%

Repo rate hike to liquidity surplus, here're the key parameters of RBI MPC

The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters

Policy normalisation is back with RBI making surprise rate hike

The rate hike was expected in June, but clearly the central bank sees inflation path as being quite ominous to trigger such an action.

Real estate, auto companies to bear the brunt of interest rate hikes

Niranjan Hiranandani, managing director of Hiranandani Group, said the RBI had to ensure that inflationary pressure on the individual did not get exacerbated by higher rates on home loans