Page 462 - Finance News
IFSCA constitutes panel for development of sustainable finance hub
The International Financial Services Centres Authority (IFSCA) on Thursday set up an expert panel headed by former Enviornment and Forest Secretary C K Mishra to suggest a framework to develop a world-class sustainable finance hub at IFSC.
 "IFSCA constitutes panel for development of sustainable finance hub")
HDFC Bank raises Rs 739 crore via masala bond in overseas markets
HDFC Bank on Thursday said it has raised Rs 739 crore by issuing the rupee-denominated masala bonds in the overseas markets
 "HDFC Bank raises Rs 739 crore via masala bond in overseas markets")
PNB picks up 12% stake in NARCL, to cut holding by December
PNB's equity stake of 12.06 per cent will be reduced to 9 per cent by December 2021
 "PNB picks up 12% stake in NARCL, to cut holding by December")
7 am-7 pm: The business hours of digital fraudsters, says HDFC Bank
65%-70% of cyber frauds happen during banks' business hours since fraudsters want to gain the trust of their victims and sound convincing, said an HDFC Bank executive
 "7 am-7 pm: The business hours of digital fraudsters, says HDFC Bank")
Prevent auto-debit failures by registering once again, say experts
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c
 "Prevent auto-debit failures by registering once again, say experts")
Punjab National Bank buys stake in National Asset Reconstruction Company
Punjab National Bank on Thursday said it has purchased 1.8 crore shares of the proposed National Asset Reconstruction Company Ltd
 "Punjab National Bank buys stake in National Asset Reconstruction Company")
Dhanlaxmi Bank shareholders reject appointment of statutory auditor
Dhanlaxmi Bank on Thursday said its shareholders have rejected the appointment of statutory auditor P B Vijayaraghavan & Co.
 "Dhanlaxmi Bank shareholders reject appointment of statutory auditor")
FinMin suggests holding clerical exams for PSBs in regional languages
The finance ministry has suggested the Institute of Banking Personnel Selection to hold clerical recruitment exam for public sector banks (PSBs) in 13 regional languages along with English and Hindi
 "FinMin suggests holding clerical exams for PSBs in regional languages")
Citi expects 15 bps reverse repo hike by RBI at next week's MPC meet
Indian stocks, which had been rallying on expectations of continued cheap cash, fell after the Citi forecast was published
 "Citi expects 15 bps reverse repo hike by RBI at next week's MPC meet")
HDFC Bank issues 400,000 credit cards after regulator lifts embargo
The record issuance is as of September 21, 2021, and marks the aggressive growth path the bank has embarked on post the embargo
 "HDFC Bank issues 400,000 credit cards after regulator lifts embargo")
RBI takes Indian Overseas Bank out of Prompt Corrective Action framework
IOB was placed under PCA in October 2015 on account of high net-performing assets and negative Return on Assets (RoA).
 "RBI takes Indian Overseas Bank out of Prompt Corrective Action framework")
NPCI looks at $1 trillion worth of transactions through UPI on annual basis
The National Payments Corporation of India (NPCI) is looking at $1 trillion worth of transactions through UPI on an annual basis, as digital payments are progressing in the country
 "NPCI looks at $1 trillion worth of transactions through UPI on annual basis")
After RBI's move, card networks may raise rates for tokenisation services
National Payment Council of India chairman says, 'If the networks charge heavily the entire system will fail'
 "After RBI's move, card networks may raise rates for tokenisation services")
Top headlines: IOB out of PCA framework; Invesco takes Zee to NCLT
Business Standard brings you the top stories from today
SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups
The agreement is for co-lending to individual members of JLGs to undertake agriculture and allied activities including other income generation activities
 "SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups")
IndusInd Bank invokes pledge on Ichamati's 5 mn shares in Mcleod Russel
Private sector IndusInd Bank on Wednesday said it has acquired a 4.79 per cent stake in embattled tea plantation firm McLeod Russel India by invoking 5 mn pledged shares of the company
 "IndusInd Bank invokes pledge on Ichamati's 5 mn shares in Mcleod Russel")
RBI removes Indian Overseas Bank from Prompt Corrective Action framework
IOB is not in breach of PCA parameters as per its March quarter earnings, says RBI
AU SFB, NABARD ink MoU for development initiatives in Rajasthan
AU Small Finance Bank (SFB) on Wednesday said it has inked an MoU with NABARD for rural development initiatives in Rajasthan
 "AU SFB, NABARD ink MoU for development initiatives in Rajasthan")
Banks disburse Rs 7,500 cr under Credit Guarantee Scheme for microfinancing
The scheme was announced by Finance Minister Nirmala Sitharaman in June
 "Banks disburse Rs 7,500 cr under Credit Guarantee Scheme for microfinancing")
India has the highest fintech adoption rate of 87%, says FM Sitharaman
Asserts that nation is a prime destination for digital payments, which have grown from transactions worth Rs two trillion in 2019 to Rs four trillion in 2020
 "India has the highest fintech adoption rate of 87%, says FM Sitharaman")