Page 417 - Finance News
RBI issues guidelines for banks to set up 24X7 digital banking units
The Reserve Bank of India on Thursday said existing banks can open digital banking units to offer products and services in both self-served and assisted mode round-the-clock
 "RBI issues guidelines for banks to set up 24X7 digital banking units")
Bank of Maharashtra to divest entire 4% stake in ISARC for nearly Rs 4 cr
The bank's 4 per cent stake, equivalent to 40,00,000 equity shares, will be sold at Rs 9.80 per share for a cash consideration for Rs 3.92 crore, it said
 "Bank of Maharashtra to divest entire 4% stake in ISARC for nearly Rs 4 cr")
CARE upgrades rating for YES Bank's tier-II, infra bonds to "BBB+"
The CARE ratings continue to factor in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme for the private sector lender.
 "CARE upgrades rating for YES Bank's tier-II, infra bonds to \"BBB+\"")
What are Nostro and Vostro accounts?
The first stock market came up in Amsterdam in the 17th century. And the modern banking system evolved in Italy. The terms, Nostro and Vostro, came from that region. But what do they mean?
 "What are Nostro and Vostro accounts?")
HDFC Bank looking to raise up to Rs 50,000 cr via bonds over 12 months
The lender's board will consider the proposal at a board meeting on April 16
 "HDFC Bank looking to raise up to Rs 50,000 cr via bonds over 12 months")
Union Bank launches super-app UnionNXT, digital project SMBHAV
Will invest Rs 1,000 cr in FY23; plans to rationalise metro branches as digitisation progresses
 "Union Bank launches super-app UnionNXT, digital project SMBHAV")
NARCL: Procedural delays led to non-transfer of Rs 50k-cr NPAs by Mar 31
Non-performing assets worth Rs 50,000 crore could not be transferred to the National Asset Reconstruction Company Ltd by March 31 due to "procedural delays", a senior bank official said on Wednesday
 "NARCL: Procedural delays led to non-transfer of Rs 50k-cr NPAs by Mar 31")
RBI okays 2-yr extension of Murli Natarajan's tenure as MD-CEO of DCB Bank
Natrajan has led the bank since April 2009. In 2024, he will complete 15 years at the helm, the maximum allowed under current RBI guidelines
 "RBI okays 2-yr extension of Murli Natarajan's tenure as MD-CEO of DCB Bank")
RBI Monetary Policy Committee starts discussions on next bi-monthly policy
RBI's rate-setting panel started discussions to firm up the next bi-monthly monetary policy amid expectations that it might retain status quo on interest rate but change its monetary policy stance
 "RBI Monetary Policy Committee starts discussions on next bi-monthly policy")
Rupee declines 47 paise to 75.76 against US dollar in early trade
Snapping its 3-day winning streak, rupee fell 47 paise to close at 75.76 against US dollar on Wednesday, tracking a strong American currency in overseas market and negative trend in domestic equities
 "Rupee declines 47 paise to 75.76 against US dollar in early trade")
Equitas SFB gross advances up 15% to Rs 20,648 cr in FY22; deposits up 16%
Equitas Small Finance Bank (SFB) on Wednesday said its gross advances witnessed a 15 per cent year-on-year growth on a provisional basis to Rs 20,648 crore for the fiscal ended March 2022.
 "Equitas SFB gross advances up 15% to Rs 20,648 cr in FY22; deposits up 16%")
HDFC giants' merger is a joint-family deal made for a changing India
As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.
HDFC Bank-HDFC merger: Regulatory changes for NBFCs proved decisive
On Monday, HDFC and HDFC Bank announced their boards had approved an all-stock amalgamation of the former into the latter, subject to regulatory approvals
 "HDFC Bank-HDFC merger: Regulatory changes for NBFCs proved decisive")
HDFC twins merger: HDFC Bank to be 6th biggest lender globally in m-cap
The merger of HDFC Bank and HDFC shall help the former become the most valuable bank outside of China and the United States
Instant App-based loan fraud: ED summons senior executives of Google
The agency's Hyderabad office is probing 38 non-banking financial companies (NBFCs) and over 300 fintech firms under the anti-money laundering law
 "Instant App-based loan fraud: ED summons senior executives of Google")
Bandhan Bank loan book rises 16% in Q4; crosses Rs 1 trillion-mark
The bank's total loan stood at Rs 1,01,359 crore during Q4 of FY22
 "Bandhan Bank loan book rises 16% in Q4; crosses Rs 1 trillion-mark")
IIFL Finance buys back overseas bonds worth $50 million
Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank
 "IIFL Finance buys back overseas bonds worth $50 million")
Bank credit growth likely to be at 8.9-10.2% this fiscal: Report
The outlook for banks is expected to be stable amid an improvement in credit growth of 8.9-10.2% and decline in provisions in the current fiscal, rating agency Icra Ratings said on Tuesday
 "Bank credit growth likely to be at 8.9-10.2% this fiscal: Report")
'HDFC Bank's $40-bn deal may face regulatory hurdles due to insurance ops'
Analysts say the RBI is unlikely to be comfortable with the size of the insurance operations the deal will give the bank
 "'HDFC Bank's $40-bn deal may face regulatory hurdles due to insurance ops'")
Karur Vysya Bank's total business crosses Rs 1.25 trn
While the total deposits of the bank stood at Rs 68,676 cr as on March 31, the total advances was at Rs 58,086 cr, aggregating a total business of Rs 1.26 trn
 "Karur Vysya Bank's total business crosses Rs 1.25 trn")