Page 448 - Finance News

RBI stance signals easier framework for setting up banks, say experts

The RBI is yet to clearly spell out its position on conversion of non-banking finance companies into banks

Offtake in Metropolitan region lifts credit growth in H1FY22: RBI

YoY credit growth of the Metropolitan region, which accounts for over 60% of bank credit, rose from 1.7% this March to 4.6% in September

Former RBI executive director Lily Vadera joins HDFC Bank board

Vadera has 33 years of experience in central banking. She retired as Executive Director from the Reserve Bank of India in October 2020

Very encouraging that RBI accepted 21 recommendations out of 33: IWG member

RBI internal group member hopes that banking licence for corporates would come in future

RBI panel for higher cap on promoter stake in pvt banks at 26% after 15 yrs

According to the RBI's current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years

RBI releases recommendations of IWG on ownership guidelines for pvt banks

RBI says 21 of total 33 recommendations of the Internal Working Group have been accepted

Standard Chartered's NBFC arm ramps up retail book fast

The bank has 100 branches in the country, but is obliged to open roughly 40% of its branches in rural areas. An NBFC has no such obligation as of now

What is the difference between FDI and FPI?

Most of us must have heard about FDIs and FPIs, and know that they refer to investments from foreign countries. But what exactly are they? We find out in this report

Strict norms to push NBFCs bad loans by 1.6-1.8% by March 2022: Icra

An increase of up to 80 basis points is expected in the case of housing finance companies, taking the NPA level to 3.8%

Wilful defaults Rs 62,000 crore higher than before Covid pandemic

Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June

SBI, Axis, Canara likely to raise Rs 7,500 crore via AT I bonds before 2022

The country's largest lender, SBI, is looking at raising an additional Rs 4,000 crore, Axis Bank Rs 2,000 crore and Canara Bank Rs 1,500 crore

Sahakar Bharati may seek tweaks in PMC Bank's draft merger scheme

Five-year interest holiday and final settlement at end of 10 years unfair to depositors

NITI floats idea of full-stack digital banks, seeks comments by Dec 31

A proposal on a licensing and regulatory regime for digital banks has been mooted

RBI puts curbs on Malkapur Urban Co-op Bank; caps withdrawals at Rs 10,000

The RBI imposed several restrictions, including a Rs 10,000 cap on withdrawals, on Malkapur Urban Co-operative Bank in Maharashtra due to deterioration in its financial position

Trai proposes nil charge on USSD messages for mobile banking, payments

The Unstructured Supplementary Service Data (USSD) messages get displayed on the screen of mobile phones and are not stored like SMSes

Indian Overseas Bank, Central Bank of India clarify on privatisation buzz

The clarification comes a day after Centre's legislative agenda for Winter Session hinted at tabling of Banking Laws (Amendment) Bill 2021 bill for privatisation of two public sector banks

JM Financial floats digital investment platform for corporate bonds

Aims to create an ecosystem whereby retail investors can easily participate in the securities market that has so far been dominated by institutional investors

Credit growth of banks recovers; festivals help demand: Ratings agency

Bank credit grew by 180 basis points from the year-ago level of 5.1 per cent in the fortnight ended October 23, 2020: CARE.

CARE upgrades by a notch AT1 bonds ratings of 4 state-owned lenders

Agency sees improvement in capital cushions over minimum regulatory requirement, improvement in profitability.

ICICI Bank announces value-added digital service for importers, exporters

'Trade Emerge' will give clients access to a global trade database of nearly 15 million buyers and sellers across 181 countries.