Page 424 - Finance News
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
 "J&K Bank loan case: Chairman Mushtaq Ahmad Shaikh, 18 others booked")
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.
 "Net-zero shift may have less impact on banking, says RBI study")
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
 "Global developments pose downside risks to India, says RBI report")
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
 "RBI grants three-month extension to RBL Bank's interim CEO Rajeev Ahuja")
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
 "BBB extends deadline to apply for NaBFID Deputy MD posts to April 8")
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
 "Indian fintech payment firms have no data advantage over banks: Moody's")
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.
 "NARCL to make binding offers to lenders by March 31, say bankers")
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 A Manimekhalai to MD & CEO post at Union Bank of India")
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.
 "BBB recommends Alok Choudhary for SBI Managing Director post")
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?
 "What is NEFT and how it works?")
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
 "Mapping India's digital 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
 "PSBs disburse Rs 41,269 cr 'loans in 59 minutes' over three years")
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
 "Banks recover over Rs 7.34 trn in six-and-a-half years to Dec 2021: Govt")
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
 "NaBFID to fund projects in Rs 6 trillion asset monetisation pipeline")
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
 "HDFC Bank biz in Karnataka tops Rs 2 trn, lender leads pvt sector in state")
Why top lenders are laying the groundwork for digital-only banks
SBI is revamping its mobile application to turn to a complete digital bank, which will be named 'Only Yono'. HDFC Bank is working on a similar plan. What does this mean for future for banking?
 "Why top lenders are laying the groundwork for digital-only banks")
What is RTGS funds transfer system?
Real Time Gross Settlement or RTGS system has cut short the risk to high-value payment settlements among financial institutions. It is used by central banks worldwide. Find out more about the system
 "What is RTGS funds transfer system?")
NBFCs, housing finance firms need Rs 2.2 trn in fresh funds in FY23: ICRA
Rating agency in its report said the entities have worked to diversify sources of funds, even if the money came at a higher cost
 "NBFCs, housing finance firms need Rs 2.2 trn in fresh funds in FY23: ICRA")
Sanctions on Russia an opportunity to internationalise rupee: SBI report
'Moment of reckoning' for Indian currency as countries look to circumvent West's crackdown on Moscow, says research.
 "Sanctions on Russia an opportunity to internationalise rupee: SBI report")