Page 458 - Finance News

Banking system NPAs may rise to 8-9% by end of FY22, says Crisil

Stressed assets may rise to 10-11% by the end of FY22, assuming 2% of assets are restructured by the banks

RBI unions ask Guv Shaktikanta Das to break deadlock in wage talks

The governor's office has assured the unions of an early resolution

India lenders look for new-age talent to capture tech deals worth billions

Technology-focused investment bankers in Asia previously focused on larger and more developed markets such as Japan and South Korea, and more recently, China

Equitas Small Finance Bank to raise up to Rs 1,000 crore via QIP

Stock of the firm closed with a gain of about one per cent at Rs 67.3 per share on the BSE on Monday. Its capital adequacy ratio stood at 24.07 per cent at the end of June

RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection

Regulator found that bank did not credit amounts involved in unauthorised electronic transactions (shadow reversal) and did not report cyber security cases within prescribed time

RBI imposes Rs 1 crore penalty on State Bank of India

'This action is based on the deficiencies in regulatory compliance,' says RBI

RBI says longer policy support is needed for sustained economic recovery

Earlier this month, RBI monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus only gradually

SBI raises Rs 6,000 crore by issuing Basel III compliant bonds

The country's largest lender SBI on Monday said it has raised Rs 6,000 crore by issuing Basel III compliant bonds

Cash going to co-exist with central bank digital currency: Subbarao

Former RBI governor D Subbarao on Monday said there is a strong motivation for the central bank to launch a digital currency and cash is going to coexist with the new-age currency

Average cost for state debt across states plunges 27 bps to 6.72%

Weighted average cost of borrowing across states has plunged 27 bps to 6.72 per cent from the previous week, but weighted average yield of the most-traded 10-year debt was unchanged at 6.97 per cent

Sri Lanka seeks $500 million loan from India for fuel purchase

The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in the country can be guaranteed only till next January.

Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said.

India to remain accommodative in its monetary policy: RBI governor

India is witnessing a very robust economic recovery, but there is still unevenness across sectors, RBI Governor Shaktikanta Das said

IL&FS seeks NCLT approval to place Rs 4,000 crore of assets in InvIT

With the NCLT approval, a total of 11 projects would be ready for monetisation through the InvIT route

UCO Bank chief A K Goel is new IBA chairman, succeeds Union Bank MD

Banks Board Bureau had, in September, proposed Goel's for the forthcoming position of MD-CEO at Punjab National Bank. Centre to take final call on the appointment

Unity Small Finance Bank plans to tap 100 million Payback users

The proposed business model is one of collaboration and open architecture

PNB HF scraps Rs 4K-crore deal with Carlyle-led group of investors

Protracted litigation, uncertainty reasons for move: Firm

RBI clears re-appointment of Amitabh Chaudhry as MD of Axis Bank

The Reserve Bank on Thursday approved re-appointment of Amitabh Chaudhry as managing director of private sector Axis Bank for a period of three years.

Securitisation volume more than doubled to Rs 50,000 cr in H1 FY22: Report

Securitisation volume more than doubled to Rs 50,000 crore in the first half of the current fiscal year, Crisil Ratings said in a report.

Contenders for Citibank's retail arm still in due diligence stage

Lender may take time till December to finalise a buyer, no shortlist made so far, says a source