Page 433 - Finance News
SBI lists maiden issue of $300-mn Formosa bonds on India INX
'First successful issuance of Formosa Bond by any Indian commercial bank, is a testimony of the confidence reposed by the overseas investors into India's growth story and also in SBI,' says chairman
 "SBI lists maiden issue of $300-mn Formosa bonds on India INX")
What is Revenue Budget?
The govt is now giving final touches to the contours of Union Budget 2022. The Budget can be classified into two parts -- the Capital Budget and the Revenue Budget. Find out what is Revenue Budget
 "What is Revenue Budget?")
RBL Bank Q3 net up 6% to Rs 156 cr on lower provisions, robust NII
Profit number beats Bloomberg estimate of Rs 75.7 crore. Sequentially net profit was up 5x
 "RBL Bank Q3 net up 6% to Rs 156 cr on lower provisions, robust NII")
LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter
LIC Housing Finance's (LIC HFC) net profit rose 6 per cent year-on-year (YoY) to Rs 767.33 crore in the third quarter.
 "LIC Housing Finance net profit rises 6% to Rs 767 crore in third quarter")
Canara Bank Q3 net rises 115.8% on steady growth in NII, dip in provisions
The bank's NII grew by 14.11 per cent to Rs 6,946 crore in Q3FY22 as against Rs 6,087 crore in Q3FY21.
 "Canara Bank Q3 net rises 115.8% on steady growth in NII, dip in provisions")
PNB Q3 net profit more than doubles to Rs 1,127 cr on lower provisions
On the asset quality front, the bank witnessed slight improvement by cutting its gross NPAs as a percentage of gross advances to 12.88% from 12.99% by the same period a year ago
 "PNB Q3 net profit more than doubles to Rs 1,127 cr on lower provisions")
PMC depositors move SC against final merger plan with Unity SFB
Among other haircut terms, depositors have to wait for 10 years to get back their money if the amount is more than Rs 15 lakh
 "PMC depositors move SC against final merger plan with Unity SFB")
96% PMC Bank depositors to be paid upfront: Unity SFB
On January 25, the finance ministry had approved the merger of PMC Bank with Unity SFB, protecting it from liquidation and bringing relief to all stakeholders
 "96% PMC Bank depositors to be paid upfront: Unity SFB")
Deutsche Bank makes biggest annual profit in a decade on strong performance
Thursday's figures are a milestone for Chief Executive Officer Christian Sewing, who was promoted to the top job in 2018 to turn Deutsche around
 "Deutsche Bank makes biggest annual profit in a decade on strong performance")
What are surcharges and cesses, and how do they differ?
Govt takes its cut from the profit you earned in the markets in form of taxes. But did you know that the government also charges tax on tax? They are called cess and surcharge. Find out about them
 "What are surcharges and cesses, and how do they differ?")
India's 'Buy Now, Pay Later' segment poised to reach $56 bn by FY26
The segment provides short-term financing to make immediate purchases and the credit can be paid back at a later date
 "India's 'Buy Now, Pay Later' segment poised to reach $56 bn by FY26")
Fresh setback for NARCL as two power NBFCs PFC and REC back out
Bad bank unlikely to take up any power assets in the first list
 "Fresh setback for NARCL as two power NBFCs PFC and REC back out")
S&P upgrades outlook on Axis Bank to positive on improved asset quality
Private lender's loan growth and profitability should improve as economic activity gains pace in India, says agency.
 "S&P upgrades outlook on Axis Bank to positive on improved asset quality")
Traded cryptocurrency in 2021? Here's how to approach taxes
The IRS has been zooming in on cryptocurrency reporting with increasing interest in recent years
 "Traded cryptocurrency in 2021? Here's how to approach taxes")
What is Money Bill?
Money Bill is the most crucial part of any Union Budget. It comes under the Finance Bill and tells us about taxation and government spending. Our next report tells us more about Money Bill
 "What is Money Bill?")
Federal Bank's Q3 net profit rises 29% to Rs 522 cr on lower provisions
Net interest income rose by 7% to Rs 1,539 cr
 "Federal Bank's Q3 net profit rises 29% to Rs 522 cr on lower provisions")
PMC Bank's branches begin functioning as Unity SFB outfit from Tuesday: RBI
Unity SFB, which is a 51:49 joint venture between the Centrum Group and Bharat Pe, is making necessary arrangements to implement the provisions of the scheme of amalgamation, says RBI
PMC Bank branches to operate as Unity SFB branches from Tuesday: RBI
Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation.
Micro-loan securitisation volumes may see impact in Q4 due to Covid: Icra
The securitisation volumes in microfinance loans, which saw improvement in the first nine months of FY22, may witness some impact in the fourth quarter due to concerns over the third Covid-19 wave
 "Micro-loan securitisation volumes may see impact in Q4 due to Covid: Icra")
What are direct and indirect taxes?
There are two types of taxes which the government collects -- direct and indirect taxes. Get clarity on them ahead of the Union Budget for 2022-23, which may keep modest targets for tax collections
 "What are direct and indirect taxes?")