Page 456 - Finance News

Auto debit bounce rates drop further in October to touch pre-Covid levels

NACH data shows that of 86.6 mn transactions in October, 27 mn or 31.24% failed while 59.52 mn went through; In value terms, 24.83% of the transactions declined in October, lowest since Jan 2020

Moody's upgrades YES Bank's rating to B2; outlook 'positive'

Yes Bank's asset quality has deteriorated only modestly while its capital has remained stable

Collection efficiency for retail, SME loans improves to pre-Covid levels

Icra cites decline in fresh Covid-19 cases, accelerated vaccination and uninterrupted operations of finance and housing finance entities for the better show

BFSI Summit: Worst is behind, slippages may rise, say India's top bankers

Speaking on fintechs, the bankers said the right way to go about this is collaboration, but they may also have to compete with these players for their share of the pie

Moody's upgrades YES Bank's rating by a notch; changes outlook to positive

The rating action is because of substantial improvement in funding and liquidity position

Bank of Baroda Q2 net up 24% at Rs 2,088 cr on robust non-interest income

Non-interest income grew by 23 per cent to Rs 3,579 crore in Q2FY22 from Rs 2,910 crore in Q2FY21 a year ago

Bank of Baroda Q2 net profit up 24% at Rs 2,088 cr, asset quality improves

Net interest income rises 2% to Rs 7,566 cr

ICRA downgrades rating outlook on Bandhan Bank to 'negative'

Stress in small business loans triggers action

RBI to hold its first-ever hackathon, HARBINGER 2021, on payments system

The hackathon is inviting innovative ideas in the payment and settlement system, registration for which can be done till November 15

RBI lifts restrictions on Diners Club, allows onboarding of fresh customers

RBI had barred Diners Club from onboarding fresh customers from May 1 and said the restrictions would remain in place till the card issuer met RBI norms on local data storage

Indian Bank launches video KYC facility enabled by VCIP technology

The Video KYC facility further simplifies the subsequent steps and would deliver the cheque book and ATM card to the registered address of a customer

HSBC explores India private banking re-entry 6 years after calling it quits

HSBC exited the Indian private banking business in 2015 as part of a group strategy. The lucrative but very competitive Indian market has few foreign players

BFSI Insight Summit: Why should we not seek subsidy, ask panelists

Say customer engagement has been one of the pain points for insurers, historically

SBI Card to raise Rs 2,000 cr by issuing bonds on private placement basis

SBI Cards and Payment Services (SBI Card) on Monday said it will raise Rs 2,000 crore by issuing bonds on a private placement basis

Buy now, pay later set to surge over ten-fold in India within four years

Redseer estimates India's BNPL market will rocket to $45-50 billion by 2026 from $3-3.5 billion now

Karur Vysya Bank reports 44% jump in net profit to Rs 165 crore in Q2

The south-based lender had posted a net profit of Rs 115 crore in the same quarter a year ago.

Indian economy likely to remain cash-dependent for many years to come

After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows RBI data

Is the sparkle returning? Banks are now better placed to handhold India Inc

The growth instinct appears to have taken root, and banks are now better placed to handhold India Inc

I-T dept freezes Rs 53-cr deposits of Maharashtra urban cooperative bank

The I-T Dept has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra in a recent raid

Subsidiary disbursed 84,000 loans without customer consent: IndusInd

Glitch at Bharat Financial Inclusion Ltd rectified immediately and independent probe will fix lapses, says IndusInd.