Page 423 - Finance News
ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects
Rating agency Crisil has assigned "AAA/Stable" for Rs 10,000 crore of bonds
 "ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects")
Banks, financial institutions rush to raise funds as credit growth picks up
Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as compared to 2020-21.
 "Banks, financial institutions rush to raise funds as credit growth picks up")
'Buy now pay later' in lifestyle purchases showing non-payments: Report
Micro businesses in states like Bihar, Rajasthan and Madhya Pradesh have the highest non-performing assets, while the UT of Jammu and Kashmir is the best performer, the report by OkCredit said
 "'Buy now pay later' in lifestyle purchases showing non-payments: Report")
Digital Rupee with specific end use to improve efficacy: Deloitte
Digital Rupee can play a big role in reducing the cost of cash since the country India has a relatively large proportion of cash in circulation as a percentage of GDP compared to other countries
 "Digital Rupee with specific end use to improve efficacy: Deloitte")
Not authorised any external entity to address public grievances: RBI
'Instances of misinformation being spread through certain sections of the social media about the Reserve Bank - Integrated Ombudsman Scheme 2021 (RB-IOS) - have come to the notice of the RBI'
 "Not authorised any external entity to address public grievances: RBI")
IndusInd Bank blames tech glitch for micro loans without customer consent
IndusInd Bank has said microfinance loan disbursals by its subsidiary during the Covid-19 period was the result of a "technical glitch", according to the findings of audit firm Deloitte
 "IndusInd Bank blames tech glitch for micro loans without customer consent")
HDFC Bank aims to recoup credit card spend market share loss
Since August 2021, HDFC Bank's market share - in terms of spend - is down 170-basis points (bps).
 "HDFC Bank aims to recoup credit card spend market share loss")
Borrowing costs rise sharply for states on Ukraine-led geopolitical strife
Cut- off for state Development Loans up by 19 bps this week over auction held last week
 "Borrowing costs rise sharply for states on Ukraine-led geopolitical strife")
Russia-Ukraine war: Rs 1.2 trn SME debt at risk, lower-rated unit worse off
India ratings says effects manageable; pharma, Fertiliser sector more exposed
 "Russia-Ukraine war: Rs 1.2 trn SME debt at risk, lower-rated unit worse off")
SBI appoints Nitin Chugh as DMD to lead digital banking operations
Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.
We see clear advantages in a central bank driven digital currency: FM
FM Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the RBI and the government sees clear advantages in a central bank driven digital currency
 "We see clear advantages in a central bank driven digital currency: FM")
Interest subsidy scheme for exporters extended till March 2024: RBI
The Reserve Bank on Tuesday extended the interest equalisation scheme for pre and post shipment rupee credit for MSME exporters till March 2024 with the objective of boosting outbound shipments.
 "Interest subsidy scheme for exporters extended till March 2024: RBI")
UPI transactions likely to touch Rs 100 trillion soon: Shaktikanta Das
RBI launches UPI for 400 mn feature phone users to widen digital payment reach
 "UPI transactions likely to touch Rs 100 trillion soon: Shaktikanta Das")
RBI deepens digital pay infra, launches UPI for 400 mn feature phone users
UPI is on course to reach Rs 100 trillion in value of transactions, said Governor Shaktikanta Das
 "RBI deepens digital pay infra, launches UPI for 400 mn feature phone users")
Sebi to auction up to 46 properties of Royal Twinkle, Citrus Check Inns
Capital markets regulator Sebi on Tuesday said it has lined up 46 properties of Royal Twinkle Star Club and Citrus Check Inns for an auction on April 6, at a reserve price of over Rs 97 crore
 "Sebi to auction up to 46 properties of Royal Twinkle, Citrus Check Inns")
SBI appoints Nitin Chugh as DMD to lead digital banking operations
Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.
SBI appoints Nitin Chugh as DMD to lead digital banking operations
Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.
 "SBI appoints Nitin Chugh as DMD to lead digital banking operations")
ICICI Bank to raise Rs 8,000 cr via bonds for transport, power projects
The issue size is Rs 500 crore with a green shoe of Rs 7,500 crore
BoB nod to funding Amrapali projects, SC asks other banks to follow suit
The Supreme Court directed the consortium of banks to follow the footsteps of Bank of Baroda
 "BoB nod to funding Amrapali projects, SC asks other banks to follow suit")
Clix Capital targets Rs 40 billion loan disbursal in next fiscal year
Digital lending NBFC Clix Capital Services on Monday said it plans to disburse over Rs 4,000 crore as loans in the next fiscal year beginning April 1
 "Clix Capital targets Rs 40 billion loan disbursal in next fiscal year")