Page 423 - Finance News

IIFL Home Finance ties up with SBI for affordable housing loans

IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans

RBI's innovation hub is an investment for the future: Shaktikanta Das

RBIH has been set up as a Section 8 company under the Companies Act, 2013, and has an independent board, with Senapathy Gopalakrishnan as the chairman

Bank of Maharashtra raises Rs 290 crore via Basel III compliant bonds

The AT1 instrument is perpetual in nature with call option after five years, said the lender

Stress in 30 plus day dues in micro-loans declines in December quarter

Disbursements take a knock on Omicron concerns

Bank investments in AIFs to get same treatment as VCFs, says RBI

The regulator said it had received queries from banks on applicability of the prudential treatment for investment in VCFs to investment in AIFs

SBI group gets RBI nod to increase stake in ICICI Bank to 9.99%

SBI MF owns 5.7% in ICICI Bank; approval valid for one year

HDFC Bank, Kotak Mahindra and Axis Bank acquire 8% each in ONDC

All the three banks have invested Rs 10 crore each.

Decoded: What is Nexus and how it will help India stit­ch bilateral deals

Conceptualised by the Bank for International Settlements (BIS), Nexus is a model for con­necting instant payment systems (IPS) of various countries

Banks share in industrial credit plunges to 34% in FY21, says report

The share of non-banks in the commercial credit has more than doubled to 44 per cent while that of foreign banks' rose to 22 per cent in FY21

ICICI Bank partners with Chennai Super Kings for launch of a credit card

Exclusive experiences for CSK fans via the card include exclusive meet and greet session with select players, an opportunity to attend a practice session of the team

Banks put in lesser amounts in VRRR auctions ahead of FY22-end

The RBI has been conducting VRRR auctions to manage surplus liquidity in the system

UPI most preferred payment mode among consumers with 56% share: study

That said, cards are still dominating the merchant acceptance payments ecosystem, with 26% market share by volume, 53% by value

Karnataka Bank board approves plan to raise Rs 300 cr via bonds

Private sector lender Karnataka Bank on Tuesday said it will raise up to Rs 300 crore by issuing Basel III compliant bonds on a private placement basis.

India's banks unprepared for financial impacts of climate change: Report

Deloitte Economics Institute estimates that an emissions pathway consistent with a three degrees Celsius temperature increase would lead to an annual loss of three per cent of GDP from now till 2050

Banks recover nearly Rs 61,000 crore via one-time settlement of loans

The figures are for the last three financial years and up to December 2021 of the current fiscal

No fear of stagflation, Ukraine war to have minimal impact: RBI Guv

Firmly ruling out the prospects of the economy falling into stagflation Reserve Bank Governor Shatikanta Das said prices are set to fall as impact of ongoing Ukraine war on country seems to be minimal

Equitas SFB, Equitas Holdings okay scheme of amalgamation

The boards of Equitas Holdings and its subsidiary Equitas Small Finance Bank (ESFBL) have approved their merger plan, according to regulatory filings

PNB board to consider debt raising plan for FY23 on Mar 29

The bank has not provided details on how much capital it is planning to raise via debt in 2022-23

IPV launches Physis Capital with fund size of $50 mn for startups

Physis Capital will build a portfolio of 15-20 startups with an average ticket size of $2.5 million.

RBI expected to prioritise growth over inflationary fears during April meet

The Reserve Bank of India (RBI) is expected to prioritise growth over inflationary fears in its April, 2022 policy meet.