Page 471 - Finance News
Kotak Mahindra Bank cuts home loan interest rate by 15 bps to 6.5%
This is a limited period offer, valid for 60 days, beginning September 10
 "Kotak Mahindra Bank cuts home loan interest rate by 15 bps to 6.5%")
Indian economy is on the recovery path, says MPC's Mridul Saggar
The Indian economy is on the recovery path, but structural challenges remain, Saggar said at an event
 "Indian economy is on the recovery path, says MPC's Mridul Saggar")
No sign of liquidity overhang, inflation should moderate ahead: RBI Guv
RBI has serious, major concerns about private cryptocurrencies from the point of view of financial stability
 "No sign of liquidity overhang, inflation should moderate ahead: RBI Guv")
Banks' NPAs stable in June qtr, look manageable; IBC needs improvement: Das
Reserve Bank Governor Shaktikanta Das on Thursday said the stressed assets situation "looks manageable" as the stock of gross NPAs remained stable even after the second wave of pandemic
 "Banks' NPAs stable in June qtr, look manageable; IBC needs improvement: Das")
Securitisation volumes to jump 50% to Rs 1.3 trillion in FY22: Report
Icra on Thursday said domestic securitisation volumes are expected to be higher in the second half of the fiscal, which will result in a 40 per cent jump in overall volumes to Rs 1.3 trillion in FY22
 "Securitisation volumes to jump 50% to Rs 1.3 trillion in FY22: Report")
Axis Bank lists $600-mn AT-1 sustainable bonds on IFSC exchanges
Axis Bank has listed its $600 million Additional Tier 1 (AT1) sustainable bonds on IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT).
 "Axis Bank lists $600-mn AT-1 sustainable bonds on IFSC exchanges")
LIC Housing Fin raises over Rs 2,335 cr by issuing preference shares to LIC
LIC Housing Finance on Thursday said it has allotted over 4.5 crore preference shares to promoter LIC for over Rs 2,335.5 crore.
 "LIC Housing Fin raises over Rs 2,335 cr by issuing preference shares to LIC")
Auto debit payment failures ease in August, shows NPCI data
In volume terms, 32.98% of transactions initiated declined, 26.82% in value terms
 "Auto debit payment failures ease in August, shows NPCI data")
RBI takes UCO Bank out of PCA framework over improved finances
The Kolkata-based lender was placed under PCA in May 2017 on account of high net NPAs and negative RoA
 "RBI takes UCO Bank out of PCA framework over improved finances")
Banks Board Bureau recommends Atul Kumar Goel for PNB CEO position
BBB in a statement said it has recommended the name of Ajay Kumar Srivastsva on the reserve list for the vacancy
 "Banks Board Bureau recommends Atul Kumar Goel for PNB CEO position")
Nearly a third of NDB's funding provided for fighting Covid: NDB President
NDB has approved more than $3.6 billion loan for seven operations that entail on-lending through national financial intermediaries.
 "Nearly a third of NDB's funding provided for fighting Covid: NDB President")
Bank of Baroda's launches one-stop digital platform 'bob World'
State-owned Bank of Baroda on Wednesday announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof
 "Bank of Baroda's launches one-stop digital platform 'bob World'")
RBI penalises 2 co-op banks for deficiencies in regulatory compliance
The Reserve Bank of India (RBI) on Wednesday said it has imposed penalties on two cooperative banks for deficiencies in certain regulatory compliance.
 "RBI penalises 2 co-op banks for deficiencies in regulatory compliance")
Only card firms, banks to keep card details, others must purge data: RBI
Tokenisation is used in online transactions where the actual card details keyed in are replaced by random digits
RBI enhances scope for card-tokenisation services to improve security
The Reserve Bank of India (RBI) on Tuesday enhanced the guidelines on card tokenisation services to improve the safety and security of the payment system.
 "RBI enhances scope for card-tokenisation services to improve security")
Banks invoke Rs 34K-crore personal guarantees in 200 cases so far
Action against 56 accounts in June quarter of FY22
 "Banks invoke Rs 34K-crore personal guarantees in 200 cases so far")
Life insurers report 3% YoY growth in new business premiums in August
In July, life insurers reported an 11 per cent YoY drop in NBP while in June they managed to report a 7.53 per cent increase in NBP, following a dip in May due to the second wave of the pandemic.
 "Life insurers report 3% YoY growth in new business premiums in August")
Ind-Ra retains 'stable' outlook on Indian banking sector in FY22
The rating agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22
 "Ind-Ra retains 'stable' outlook on Indian banking sector in FY22")
Centre appoints Harsha Bhupendra Bangari as EXIM Bank MD
Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, had interviewed 10 candidates for the top post at EXIM Bank
 "Centre appoints Harsha Bhupendra Bangari as EXIM Bank MD")
Faceless assessment: Rules for authentication of e-records submission eased
The finance ministry on Tuesday said electronic records submitted through registered account of taxpayers in the income tax portal shall be deemed to have been authenticated by the taxpayer by EVC
 "Faceless assessment: Rules for authentication of e-records submission eased")