Page 430 - Finance News

Record debt, recovery support to keep rate hikes by RBI in slow lane

The key takeaway from Governor Shaktikanta Das's address on Thursday will be how the RBI plans to support the government's record $200 billion borrowing

Reserve Bank of India to prematurely redeem sovereign gold bonds

The due date of premature redemption of the above tranche shall be February 8.

IDFC First Bank raises Rs 1,500 cr via tier-II bonds, CAR to rise to 16.5%

LIC corners 60% of maiden issue

Banks' bottom line gets a booster shot as bad loans continue to fall

Gross NPA ratio has come down to 6.9 per cent as of end September 2021, according to Reserve Bank of India (RBI) data

RBI begins three-day monetary policy meet to decide on key rates

RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday

Rating agency ICRA lowers MFI asset growth estimate to 12-14% for FY22

Next year to be better; but spurt in Covid-19 cases poses risks

Indian Bank net profit rises 34% to Rs 690 crore in Dec quarter

'A major reason for the rise in net profit was improvement in asset quality', said Shanti Lal Jain

SBI YONO leads neobanking club with 54 million monthly active users

According to SBI's assessment, YONO is valued at around $40 billion but analysts say that it would have surpassed or hit $50 billion in 2021.

RBI may wait for a few more months to raise interest rates, says survey

India has only recently begun to recover much of its lost ground and New Delhi's latest budget was modestly stimulative compared with expectations

Will RBI go for a hike in reverse repo rate?

The Reserve Bank of India's Monetary Policy Committee is set to meet this week. Will it hike the reverse repo rate -- at which the central bank absorbs the excess liquidity? Let's find some answers

Bank of Baroda sees loan growth of 7-10% in FY22, to grow 10-12% in FY23

Bank of Baroda said it is on track to achieve a loan growth of 7-10 per cent in current financial year and expects advances to grow 10-12 per cent in financial year 2022-23, MD, CEO Sanjiv Chadha said

RBI, NBFCs in early talks to open up credit card business in India

To breathe life into 2004 circular on shadow banks' entry into this space

Public sector banks up loan growth target as corporate demand sees revival

Large public sector banks (PSBs) have revised upwards their credit growth target for the current financial year

RBI postpones MPC meet to Feb 8 as Maharashtra declares public holiday

RBI announced rescheduling of rate-setting Monetary Policy Committee (MPC) meeting by a day in view of Maharashtra declaring public holiday on February 7

JM Financial gives 'buy' call for ITC, GAIL, M&M Financial, 6 others

For ITC stocks, the brokerage has set a target price at Rs 295, as against the current price of Rs Rs 233.6.

IndusInd Bank moves NCLT to initiate insolvency proceedings against Zee Ent

IndusInd Bank has claimed a default of Rs 83.08 crore against the media and entertainment firm

IndusInd initiates insolvency process against Zee Entertainment

IndusInd Bank claims to be the financial creditor before the NCLT for initiation of corporate insolvency resolution process against Zee and has claimed a default of Rs 83 crore

Bank of India Q3 net up 90% to Rs 1,027 cr on sharp fall in provisions

The bank's NII declined by 18.7% to Rs 3,407 crore in reporting quarter

RBI monetary policy: Evolving trade-offs warrant deep analysis

Before the Union Budget projections for FY23, we had pencilled in a formal start of monetary policy normalisation in the forthcoming February review, with a small rise in the reverse repo rate

Yes Bank ARC bid process enters final round as deadline ends Friday

The private sector lender is planning to set up an asset reconstruction company to transfer its entire stressed pool of loans of Rs 50,000 crore so that its nonperforming assets become zero