Page 440 - Finance News

Odisha-based MFI Annapurna Finance raises $ 35 mn in capital raise

Third funding round this year bring total investments to $85 mn as company enters clean energy lending.

Indian bankers collect bumper fees from record $18 billion in IPOs

A little over 110 firms ranging from online grocers to food delivery and beauty startups listed their shares in Mumbai this year, raising almost $18 billion, according to data compiled by Bloomberg

RBI says RBL Bank well capitalised with satisfactory financial position

The stock of the bank closed 18.32 per cent down to close at Rs 140.90 a piece on the BSE

ICRA, CARE put RBL Bank's stock ratings under review after CEO's exit

The rating is constrained on account of moderation in asset quality parameters with high slippages in retail portfolio, mainly in unsecured retail loan portfolio owing to Covid-19

RBL: 'Cats cannot morph themselves into lions, tigers,' says AIBEA official

Urging government to intervene and look at measures to merge the RBL Bank Ltd with a public sector bank, a top leader of AIBEA said that cats cannot morph into lions and tigers of juggle overnight.

IndusInd Bank, NPCI tie up to simplify cross-border remittances through UPI

Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of beneficiaries.

What are the different types of loans?

According to the RBI, banks have written off over Rs 2 lakh crore of bad loans in the fiscal ended March 2021. Find out more about the types of loans and when they are categorised as bad

Rakesh Jhunjhunwala, R K Damani approach RBI to acquire 10% in RBL Bank

Neither Jhunjhunwala nor Damani have made any statement regarding their request to RBI

Weekend events are not linked to RBL Bank's asset quality: Interim chief

Vishwavir Ahuja on "medical leave", hunt for successor on, says bank

RBL Bank does not anticipate big short-term capital needs: Rajeev Ahuja

He told reporters the bank does not anticipate major capital needs in the short term, countering fears of problems in management

MFs add Rs 7 trn to kitty in 2021; Omicron possible red flag for 2022

Experts believe that the new year could be tricky depending on the Omicron situation and possible interest rate hikes

Consider merging private RBL Bank with state-owned lender, says AIBEA

RBL's CEO goes on leave after the RBI appointed Yogesh K Dayal as an additional director of the bank.

RBL CEO Ahuja goes on leave after RBI appoints additional director to bank

Ahuja's leave coincides with RBI appointing one of its chief general managers, Yogesh Dayal, as an additional director in the bank for a period of two years

Banks' better NPA recovery, declined provisioning to continue in 2022: ICRA

The improvement in such parameters has helped realise better profitability for the banks, the rating agency said

Central Bank likely to be out of PCA framework in some three months

State-owned lender may also get capital infusion before the govt sets up privatisation.

RBI devolves bonds in auction, dodges market demand for higher yields

Central bank signals that it is no longer willing to continue with its easy money policy

Financial inclusion shaping rate-setting decisions now: RBI's Michael Patra

Financial inclusion lowest in rural and agriculture-dependent areas where food is the main source of income, say deputy governor.

Canara Bank raises Rs 2,500 crore through Basel-III compliant bonds

Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.

Corporate-promoted NBFCs can have 15% stake in banks, with increase in cap

Banking experts said the move to increase non-promoter shareholding would help lenders with greater access to capital

What are Small Savings Schemes - types, returns and interest rates

Amid uncertainty in the equity-linked savings instruments, government's small savings schemes offer safe and assured returns. What are these schemes? Let us understand in this explainer