Page 437 - Finance News

Banks see uptick in credit growth; asset quality likely to improve

"An increase in bond yields would impact treasury performance," Motilal Oswal Securities said.

Ashneer Grover case: Kotak Mahindra Bank pursuing appropriate legal action

The legal notice sent by Grover and the response of the private lender assumes significance after an audio recording was shared on social media platform Twitter

What is the Contingency Fund of India?

Contingency is a negative event which may occur in future, like recession or pandemic. The Constitution has a provision for a contingency fund. Its corpus is always kept intact. Find out how it works

UPI faced downtime for several hours on Sunday due to technical glitch

Sources said, UPI was operational after 5 PM on Sunday. There were multiple level hardware failures which is why UPI faced downtime

CSB Bank eyes new highs as CEO CVR Rajendran retires on health grounds

Those close to the operations of the bank indicate it was Rajendran's efforts that transformed it from an old private sector bank to a new-generation one

Direct overseas listing of Indian startups not expected in Budget FY23

The industry department is examining the matter to understand exactly what the startups want, DPIIT secretary Anurag Jain says

Consider bankers as frontline workers for booster dose: AIBOC to FM

In a letter addressed to the Finance Minister, All India Bank Officers' Confederation (AIBOC) also suggested the implementation of a 5-day week to break the chain of the spread of the virus

CSB Bank MD & CEO takes early retirement on health grounds

The Board decided to constitute a search committee to identify and evaluate candidates, either internally or externally, for the position of MD & CEO

CSB Bank MD&CEO retires early, lender to set up panel to find successor

Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022

FM reviews PSBs' readiness to tackle disruption by third covid wave

In a virtual meeting, Sitharaman also reviewed steps taken by public sector lenders in implementing pandemic-related measures initiated by both Centre and RBI

Banks have written off double the amount recovered in last 5 yrs: RBI data

Public sector banks write off Rs 7 trillion in 5 years, which is double the govt's capital infusion since 2014

HDFC Bank starts online customs duty payment facility for customers

HDFC Bank's integration with Central Board of Indirect Taxes and Customs ICEGATE platform has gone live, allowing customers to pay for their customs duty directly via the bank

Sitharaman reviews PSBs' readiness to tackle any Omicron-induced disruption

The ongoing third wave to the highly infectious Omicron variant of coronavirus has led to various domestic rating agencies lowering India's growth forecast for the current fiscal

What is the Consolidated Fund of India?

Apart from the equity market, effects of pandemic will also reflect on the upcoming Union Budget. In this episode, we explain the Consolidated Fund of India, a key component of the Union budget

SBI puts off KSK Mahanadi Power NPA auction after I-T probe on ARCs

The lender has an exposure of Rs 4,100 crore in the firm and had set a reserve price of Rs 1,423 crore for selling the loan to any ARC, bank, NBFC or a financial institution

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale

The Centre has sought relaxing the 26-per cent cap for new promoters of IDBI Bank, as it looks to initiate a strategic divestment of the lender.

Thanks, NITI Aayog, but I would rather stay neo than become a bank

The NITI Aayog has suggested a template for digital banks and stipulated a two-stage process: first a digital business bank licence, and then a digital universal bank licence

Ujjivan Small Finance Bank's Company Secretary & Compliance Officer resigns

Ujjivan Small Finance Bank said Chanchal Kumar has resigned from the position of Company Secretary and Compliance Officer of the bank

Micro lenders seek extension of credit guarantee scheme in Union Budget

Seek allocation of Rs 15,000 cr for FY23, of which at least 75% should be earmarked for small and mid-size MFIs

Bond yield rises nearly 6 basis points to a 24-month high of 6.52%

This raises the prospects of higher lending rates