Page 473 - Finance News

At 3.5 billion transactions in August, UPI clocks 120% surge in volume

In value terms, UPI saw transactions worth Rs 6.39 trillion in August, which is again a record high

Top-level exits: AU SFB says 'nothing to hide' on disclosure issues

Jaipur-based AU Small Finance Bank (AU Bank) on Wednesday tried to allay concerns of investors and depositors, saying that it is a "simple HR issue" that the company management is trying to resolve

Axis Bank sets coupon for dollar AT1 bonds at 4.1%, raises $600 mn

This is 30 basis points lower than the initial guidance of 4.4 per cent

SBI raises Rs 4,000 crore via AT1 bonds, coupon fixed at 7.72%

This was SBI's first such issuance at home after Sebi's new rules; bids in excess of Rs 10,000 crore were received against a base issue size of Rs 1,000 crore

NBFCs have enough liquidity, buffers to tackle headwinds in H2 FY22: Ind-Ra

In FY22, Ind-Ra expects growth for NBFCs to be maintained in the range of 9%-10%

India's holding of special drawing rights rises to $19.41 billion

The Reserve Bank said India's holding of IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is equivalent to $19.41 billion as per exchange rate

CRISIL upgrades YES Bank's tier II bonds, infrastructure bonds to 'BBB+'

The rating agency also revised the rating for bank's certificates of deposit (CD) from "A2+" to "A1"

Bank of India announces closure of QIP issue; raises Rs 2,550 cr

Bank of India on Tuesday announced the closure of its QIP issue and said that it has raised Rs 2,550 crore by issuing more than 40.5 crore shares to the qualified institutional buyers.

PNB cuts savings deposits rate by 10 bps to 2.9%, effective Sept 1

Bank officials said the decision is partly driven by huge liquidity that the bank continues to manage and also correction in rates vis-a-vis peers, especially PSU banks

Shares of AU SFB come under pressure amid top-level resignations

Shares of Jaipur-based private lender tumbled on Tuesday in a rising market, following early morning reports of another top-level exit from the bank, that of Sumit Dhir, its head of Internal Audit

PNB waives all service charge, processing fee on retail products

Punjab National Bank on Tuesday said it has waived all service charges and processing fee on retail products as part of its festival season offering.

Non-food bank credit grows at 6.2% in July 2021, shows RBI data

The non-food credit bank credit grew at 6.2 per cent in July 2021, compared to 6.4 per cent growth a year ago, RBI data showed.

Govt extends tenure of Indian Bank ED V V Shenoy till March 2022

Indian Bank on Tuesday said the government has extended the tenure of its Executive Director V V Shenoy till March 2022

Exim Bank extends $100 mn loan to Africa Finance Corp for infra development

Exim Bank of India has extended a line of credit of $100 million on behalf of the Indian government to the Africa Finance Corporation (AFC) to develop infrastructure

Conclude loan guarantee scheme for medical infra in non-metros in time: FM

Finance Minister asked all stakeholders to conclude Rs 50,000 cr Loan Guarantee Scheme for Covid-Affected Sectors in time to deal with any future third wave

Axis Bank ties up with BharatPe to expand its merchant acquiring business

With 600,000 terminals, the bank is the third-largest PoS acquiring bank in the payments space

India to China: Where investors managing $3 trn are putting their money

Institutional investors recommend heightened caution and warn of a difficult recovery ahead for the world.

Peter Thiel's founders fund backs $130 million Japan technology fund

Billionaire Thiel's Founders Fund is backing a new $130 million vehicle by Coral Capital to invest in Japan's technology startups as the country shakes off its image as a tough place for entrepreneurs

RBI receives two more applications for SFB licence

Cosmea Financial Holdings Pvt Ltd and Tally Solutions Pvt Ltd have applied to the RBI for an SFB licence

Govt extends tenure of Canara, Bank of India EDs by 2 years

The government has extended the tenure of two executive directors of Canara Bank and Bank of India for two years, the state-run lenders said on Monday.