Page 424 - Finance News

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.

J&K Bank loan case: Chairman Mushtaq Ahmad Shaikh, 18 others booked

In addition to officials of the bank, the CBI has also booked REI Agro chairman Sanjay Jhunjhunwala, and vice president and managing director Sandeep Jhunjhunwala

Net-zero shift may have less impact on banking, says RBI study

India made five pledges at the global climate meeting in Glasgow in October 2021 for taking steps towards controlling emissions.

Global developments pose downside risks to India, says RBI report

The report said the shock emanating from geopolitical risks hit at a time when inflation was elevated in many countries

RBI grants three-month extension to RBL Bank's interim CEO Rajeev Ahuja

Ahuja was appointed as the interim MD & CEO after the then MD & CEO Vishwavir Ahuja went on leave

BBB extends deadline to apply for NaBFID Deputy MD posts to April 8

The salaries payable to the DMD will be market driven, and will be entitled for annual increments based on the performance and the guidelines of the institution

Indian fintech payment firms have no data advantage over banks: Moody's

As RBI barred Paytm from taking on new customers for its Payments Bank, a new report said fintech platforms' dominance in digital payments may not result in a significant data advantage over banks

NARCL to make binding offers to lenders by March 31, say bankers

NARCL is a public sector entity and will have to follow a competitive bidding process for these assets using the Swiss Challenge method.

BBB recommends A Manimekhalai to MD & CEO post at Union Bank of India

Also calls for A K Choudhary's appointment as SBI managing director

BBB recommends Alok Choudhary for SBI Managing Director post

The Banks Board Bureau (BBB) on Wednesday recommended the name of Alok Kumar Choudhary for the post of managing director of State Bank of India.

What is NEFT and how it works?

National Electronic Fund Transfer, or NEFT, is now a preferred mode of transaction for everyone. The RBI-managed NEFT has made near-real-time movement of funds easy. But how does the system operate?

Mapping India's digital transactions

UPI is set to grow bigger now, after the RBI introduced it in feature phones. Other digital transaction platforms are growing as well. Find out the changing landscape of virtual transactions

PSBs disburse Rs 41,269 cr 'loans in 59 minutes' over three years

201,000 loan proposals of Rs 39,580 crore disbursed in the business loan category; 17,791 retail loans amounting to Rs 1,689 crore also disbursed

No public sector bank faced loss in last three quarters, says govt

No plan to set up fiscal council: FinMin

Banks recover over Rs 7.34 trn in six-and-a-half years to Dec 2021: Govt

On recovery of fraud amounts, the minister said Rs 55,895 crore have been recovered in the past six financial years and the current financial year up to December 31, 2021, he said

NaBFID to fund projects in Rs 6 trillion asset monetisation pipeline

Bank to begin work in Q1FY23; asset monetisation will free up resources that will come back to industry

HDFC Bank biz in Karnataka tops Rs 2 trn, lender leads pvt sector in state

The bank's total advances in the state were Rs 73,655.39 cr in Q2FY22; lender enjoys 9% market share in total advances in Karnataka