Page 461 - Finance News
Goals of audit, executive are common: CAG Girish Chandra Murmu
Comptroller and Auditor General of India (CAG) G C Murmu on Wednesday said the audit and the executive are on the same side of table and their goals are common
 "Goals of audit, executive are common: CAG Girish Chandra Murmu")
Affordable housing finance cos loan book grows 10% in June: Report
The AHFC industry's reported gross NPA/Stage 3 (excluding data for one player) stood at 2.1 per cent as of June 30, 2021
 "Affordable housing finance cos loan book grows 10% in June: Report")
RBI MPC meets as energy crisis raises concerns about economic recovery
A lack of coal means factories could shut, while forcing India to import more fossil fuels.
 "RBI MPC meets as energy crisis raises concerns about economic recovery")
Rupee slides, bond yields rise as crude prices hit seven-year high
The rupee was at 74.53 a dollar at 11.40am, down from its previous close of 74.31, as the dollar index crossed 94: its highest level since November 2020
 "Rupee slides, bond yields rise as crude prices hit seven-year high")
HDFC Bank's advances up 15% in Q2 of FY22, cites growth in rural India
Lender says it is recording growth in three business segments as the coronavirus pandemic slows down in India.
 "HDFC Bank's advances up 15% in Q2 of FY22, cites growth in rural India")
How new auto-debit rules that require customer consent will impact you
All kinds of recurring or auto-debit payments now require the customer's consent before they are cleared, mandate RBI's new rules. What does this mean and how will it impact you?
 "How new auto-debit rules that require customer consent will impact you")
State-owned Canara Bank cuts MCLR by up to 15 bps
Meanwhile, DCB Bank also reduced its MCLR by 0.05 per cent across tenors, effective from October 6.
 "State-owned Canara Bank cuts MCLR by up to 15 bps")
IDFC First Bank clocks 10% loan growth in Q2 at Rs 117,243 crore
IDFC First Bank on Tuesday said it has posted 9.75 per cent growth in advances at Rs 117,243 crore for the second quarter ended September 30, 2021
 "IDFC First Bank clocks 10% loan growth in Q2 at Rs 117,243 crore")
IRDAI, Banks Board Bureau in the dock on promotions in insurance sector
All is not well in the government insurance sector with regard to elevation of officials, it seems.
 "IRDAI, Banks Board Bureau in the dock on promotions in insurance sector")
Retail and MSMEs likely to see rise in slippages, say bankers
The current level of NPAs masks the actual pain due to restructuring done under regulatory packages, both in 2020 and this year
 "Retail and MSMEs likely to see rise in slippages, say bankers")
Federal Bank records 10% loan growth in Q2
Private sector lender Federal Bank on Sunday said it has posted a 10 per cent growth in advances at Rs 1,37,309 crore for the second quarter ended September 30.
 "Federal Bank records 10% loan growth in Q2")
Google halts plans for Google Pay-based banking service: Report
The service was supposed to let users sign up for checking or savings accounts offered by a variety of traditional banks that the user would then manage through the app
 "Google halts plans for Google Pay-based banking service: Report")
UPI records 3.65 bn transactions worth Rs 6.54 trillion in September
On a month-on-month (MoM) basis, UPI's volume of transactions was up 3 per cent, and the value of transactions was up 2.35 per cent
 "UPI records 3.65 bn transactions worth Rs 6.54 trillion in September")
Indian Bank picks up 13.2% stake in National Asset Reconstruction Company
The investment of equity stake of 13.27 per cent would be reduced to 9.90 per cent by December 31, 2021, Indian Bank added
 "Indian Bank picks up 13.2% stake in National Asset Reconstruction Company")
Debt-ridden IL&FS statutory auditor SRBC & Co resigns
Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) has said its statutory auditor SRBC & Co has resigned with effect from September 28, 2021.
 "Debt-ridden IL&FS statutory auditor SRBC & Co resigns")
J&K Bank gets shareholders' nod to raise up to Rs 2,000 cr via equity, debt
Jammu and Kashmir Bank on Friday said it has received shareholders' nod to raise up to Rs 2,000 crore through equity and debt to fund its business.
 "J&K Bank gets shareholders' nod to raise up to Rs 2,000 cr via equity, debt")
In Focus: Will your recurring payments fail from today?
The Reserve bank of India's latest rules on auto-debit transactions come into force from today. What will change for the consumers? Will their recurring payment mandates fail? Let's find out
 "In Focus: Will your recurring payments fail from today?")
Bank holidays in October 2021, India: List of days when banks will be shut
List of bank holidays in October, 2021: All private and government sector Banks to remain closed for 21 days in the month of October. Check details below
 "Bank holidays in October 2021, India: List of days when banks will be shut")
ICRA flags asset quality pressure risk for IDBI Bank due to pandemic
The agency upgraded the rating for the Mumbai-based private lender's bonds, debentures and tier-II capital instruments from "A" to "A+"
 "ICRA flags asset quality pressure risk for IDBI Bank due to pandemic")
Credit to retail, industry accelerates in August, slows in services sector
Loans for farming and allied activities continued to perform well, up 11.3% this August from 4.8% a year ago
 "Credit to retail, industry accelerates in August, slows in services sector")