Page 414 - Finance News

RBL Bank finalises next MD and CEO; sends names for RBI approval

The Board at its meeting held on Wednesday accepted the recommendations of the nomination and remuneration Committee, RBL said in a regulatory filing

Chinese lenders dominate APAC bank rankings with 22 in the top-50 list

India's ICICI Bank, at 50th spot, among newest additions to the compilation, which also has SBI (22) and HDFC Bank (44)

Flow of money into NRI deposits till February moderates sharply, shows data

The foreign currency or FCNR deposits saw the maximum contraction

RBI caps lending limits of NBFCs to bring them on a par with those of banks

Prescribes 9% CET1; Tightens norms for realty sector; loans to board members

Punjab & Sind Bank declares SREI firms' outstanding dues as fraud

Lender becomes first to classify SREI Infra Finance and SREI Equipment Finance as fraud accounts, say sources; bank says the accounts fully provided for as per prudential norms

Top headlines: CoinDCX raises $135 mn; Lavrov says Ukraine op in new stage

Business Standard brings you the top headlines on Tuesday

9 private banks on account aggregator system, 5 public sector banks in line

Among large private sector lenders, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and IndusInd Bank are live on the AA system

SBI hikes lending rate by 0.1% across all tenures; EMIs to go up

The lending rate revision by SBI is likely to be followed by other banks in the days to come

Have big unexplained expenses? You can face IT review of past 10 years

IT sleuths can now trace all transactions of an individual, if they are not 'benami'. New reassessment regime allows them to probe any transaction worth Rs 50 lakh or more in the last 10 years

Loans to be costlier as banks hike rates; SBI, Axis revise MCLR upwards

Kotak Mahindra Bank, increased its one-year MCLR by 5 bps to 7.4 per cent, from April 16

SBI raises $500 million through three-year syndicated loan at fine pricing

This is the first offshore Secured Overnight Financing Rate (SOFR)-linked loan by SBI through its IFSC Gift City Branch

Indian economy not immune to negative externalities, says RBI report

Spurring private investment key for sustainable growth the report adds

Rate transmission pace to improve for external benchmarked loans: RBI study

The share of EBLR loans by banks rose from 2.4% in September 2019 to 28.6% in March 2021 and to 39.2% in December 2021, RBI says

HDFC Bank shifts tack to focus on wholesale loans, plans branch expansion

During Q4 of FY22, HDFC Bank added 563 branches while in the entire FY22, it added 734 branches, which is about two branches per day

HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions

The net interest income of the bank grew by 10.2 per cent to Rs 18,872.7 crore on the back of 20.8 per cent growth in advances.

IDBI Bank seeks shareholders' nod for 10-fold hike in MD & CEO salary

Members' permission is also sought to re-appoint Sharma as the MD & CEO for another three years with effect from March 19, 2022

Fund raising via debt placement hits 6-year low at Rs 5.88 trn in FY22

Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 trn

PPI rapidly catching on as a bottom-of-the-pyramid transaction system

These PPI options are fast becoming the cards of choice for the vast majority of Indians as per capita income creeps upwards.

What are on-device wallet for small UPI transactions?

Following the RBI's guidelines, India's payments processor has designed an on-device wallet for Unified Payments Interface transactions up to Rs 200. What is it? How can it make our life easier?

Securitisation value rises 50% to Rs 1.35 trn in FY22: Report

Disbursements also picked up, necessitating incremental funding requirements. More than 130 financing entities securitised their assets in the past 12 months