Page 412 - Finance News
Feasible GDP growth over the medium term is 6.5-8.5%, says RBI paper
Price stability is a necessary precondition for strong and sustainable growth, it adds
 "Feasible GDP growth over the medium term is 6.5-8.5%, says RBI paper")
Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL
Corporate segment credit pace to double at 8-9%
 "Bank credit growth to hit 4-year high of 11-12% in FY23: CRISIL")
What is credit score & why is it important?
A good credit score can help you tide over financial challenges. When you take a loan or a credit card, the lender checks your credit score to know your credit history. Find out what's credit score
 "What is credit score & why is it important?")
'Dollar is king' mantra rings across currencies as yen drops to 20-year low
Traders focus on potential half-point Federal Reserve rate hike next week; Bloomberg dollar gauge set for best monthly gain in a decade
 "'Dollar is king' mantra rings across currencies as yen drops to 20-year low")
No constraint on tech spends: ICICI Bank executive director Anup Bagchi
The latest offering from the bank is a comprehensive digital ecosystem for all micro, small and medium enterprises (MSMEs) in the country, including customers of other banks
 "No constraint on tech spends: ICICI Bank executive director Anup Bagchi")
Axis Bank Q4 net rises 54% at Rs 4,118 cr; net interest income up 17%
Provisioning dropped to Rs 987 cr, down from Rs 2,167 cr during the same period of the previous year
 "Axis Bank Q4 net rises 54% at Rs 4,118 cr; net interest income up 17%")
NABARD to raise Rs 3.5 trn in FY23; bond issuance seen at Rs 45,000 cr
Nabard will work on a viability plan for 22 regional rural banks in the next six months to address issues of capital adequacy, business growth and human resources
 "NABARD to raise Rs 3.5 trn in FY23; bond issuance seen at Rs 45,000 cr")
Kotak Mahindra Bank's chances of FTSE inclusion brighten
To be eligible to be part of the FTSE index, the minimum room for overseas investment has to be 20 per cent
 "Kotak Mahindra Bank's chances of FTSE inclusion brighten")
Axis Bank Q4 net profit soars 54% to Rs 4,118 cr; NII up 17%
Lender's board recommends dividend of Rs 1 per equity share for the year ended 31 March, 2022.
 "Axis Bank Q4 net profit soars 54% to Rs 4,118 cr; NII up 17%")
ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs
Anyone can avail of the benefits of digital solutions by downloading the new version of the InstaBIZ app.
 "ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs")
What is UPI123Pay?
Transactions through UPI are registering a rapid growth in India. And RBI's initiative to introduce it in feature phones is set to take it to another level. Watch our next report to know why
 "What is UPI123Pay?")
AU Small Finance Bank looking at 30% asset growth for five years
AU Small Finance Bank plans to raise fresh equity capital in the current financial year depending on market conditions.
 "AU Small Finance Bank looking at 30% asset growth for five years")
Payment gateways avoid powering crypto exchanges given RBI reservations
Recently, NPCI had clarified that it is not aware of any crypto exchanges using UPI after Coinbase, America's largest crypto exchange said it has tied up with UPI
 "Payment gateways avoid powering crypto exchanges given RBI reservations")
RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance
This action is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with customers.
 "RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance")
Raising policy rates is not anti-national, RBI will have to do it: Rajan
Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing, Rajan said
 "Raising policy rates is not anti-national, RBI will have to do it: Rajan")
BoI plans Rs 2,500 cr equity capital raise to comply with shareholding norm
The lender said it has decided to seek permission of its shareholders in the ensuing annual general meeting (AGM)/extra-ordinary general meeting (EGM) called for this purpose
 "BoI plans Rs 2,500 cr equity capital raise to comply with shareholding norm")
Risky debt to increase by Rs 60,000 cr in FY23, says India Ratings report
An analysis of 1,385 corporate entities led the domestic ratings agency to trim revenue growth projection for entities in a post-war scenario
 "Risky debt to increase by Rs 60,000 cr in FY23, says India Ratings report")
RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance
Separately, the central bank has imposed a penalty of Rs 25 lakh on The Haryana State Co-operative Apex Bank, Chandigarh for contraventions with RBI directions on housing finance
 "RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance")
Despite policy efforts, half of Indian adults 'credit unserved': Report
An additional 164 million were classified as 'credit underserved' in the global study done by Transunion Cibil, while only 179 million fit into the 'credit served' category
 "Despite policy efforts, half of Indian adults 'credit unserved': Report")
Suryoday SFB partners Kyndryl to drive digital, IT transformation
Collaboration will enable Suryoday Bank to provide enhanced security, availability, and manageability for core IT and banking applications
 "Suryoday SFB partners Kyndryl to drive digital, IT transformation")