Page 438 - Finance News

India digital loan apps blamed for mafia-like collection tactics, suicides

Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.

HDFC Bank, ICICI Bank, SBI are domestic systemically important lenders: RBI

Essentially, systemically important banks are the ones perceived as too big to fail. Such a perception creates an expectation of govt support for these banks at times of distress

RBI appoints Ajay Kumar Choudhary, Deepak Kumar as new Executive Directors

Prior to being promoted as ED, Kumar was heading the Department of Information Technology of the RBI, while Choudhary was Chief General Manager-in-Charge, Department of Supervision

State Bank of India increases limit on IMPS transactions to Rs 5 lakh

The State Bank of India has increased the limit on IMPS (Immediate Payment Service) transactions from Rs 2 lakh to Rs 5 lakh

SBI, ICICI, HDFC Bank continue to remain systemically important banks: RBI

Such banks are perceived as 'too big to fail'

South Indian Bank wins UiPath Automation award for work on robotics

Award was bestowed upon for bank's exceptional use of robotic process automation capabilities under crisis for solving severe operational constraints and ensuring business continuity

Axis Bank concludes structured derivative deals as RBI ban lifts

Axis Bank said first of these transactions was executed with Reliance Industries which involved the use of Barrier FX options for their currency risk management

Yes Bank net advances up by 4% to Rs 1.76 trn by Dec-end

Yes Bank's net advances grew by nearly 4 per cent to Rs 1,76,422 crore on a provisional basis as of December 31, 2021, the bank said on Tuesday.

Bank of Maharashtra's loan book grows 23% to 1.29 trn in Dec quarter

Pune-based bank's deposits expanded by 15.21 per cent to Rs 1.86 trillion as of December 31, 2021

HDFC Bank's loan book grows by 16.4% to Rs 12.6 trn in December quarter

HDFC Bank's retail loans grew by around 13.5 per cent yoy and 4.5 per cent over September 2021 based on its internal business classification.

Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter

Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.

Home loans assigned by HDFC to HDFC Bank in Q3 up marginally at Rs 7,468 cr

The mortgage lender keeps liquidity buffers worth Rs 55,000 cr

Bad loans of small finance banks may go up 70-80 bps by FY22-end

On an overall basis, ICRA expects some reduction in GNPAs in the second-half of FY22

RBI releases framework for offline digital payments

To push digital transactions in rural and semi-urban areas, the RBI on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.

RBI gives nod to Fino Payments Bank's international money transfer service

Customers of Fino Payments Bank will be able to receive remittance money sent from overseas as it has been granted approval by RBI to offer the international money transfer service.

Federal Bank Q3 advances up 12% YoY, top those of most other lenders

Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till middle of December 2021

UPI signs off 2021 on a high: Dec transaction value crosses Rs 8 trillion

Record year for UPI, clocked 38 billion transactions worth Rs 71.59 trillion

How l'affaire RBL Bank may impact RBI's equation with entities it regulates

Private banks' CEO tenures have been in the spotlight since the RBI released its discussion paper on governance in commercial banks in 2020

Banking at a crossroads: Why 2022 may well be another reset year

Pandemic-related regulations are set to run their course and an uptick in interest rates is in the offing.

NBFCs to witness revival in growth this year; may see slight uptick in NPAs

Non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year