Page 478 - Finance News

Lifting of credit card ban may spark up to 32% rally in HDFC Bank: Analysts

The scrip surged 3 per cent at Rs 1,564.75 on the BSE in intra-day trade on Wednesday and was among the top gainers on the BSE barometer

RBI issues revised norms for hiring of bank lockers: Check details here

Under new norms, the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees

RBI to buy Rs 5,000 cr of bonds from secondary market under G-SAP on Aug 26

The bonds that the RBI plans to buy mature between 2026 and 2035, including the benchmark 5-year and 14 year bonds

RBI relaxes norms on foreign sovereign bond investment

The RBI has allowed the banks to keep sovereign bonds away from the 10 per cent limit

RBI issues revised instructions for banks on locker management

As per the revised guidelines, banks will be required to incorporate a clause in the locker agreement prohibiting the hirer from keeping anything illegal or hazardous in lockers

RBI to buy up to Rs 25,000 cr of 5 gilts on August 26 under G-SAP 2.0

The Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26, under the G-sec Acquisition Programme (G-SAP 2.0).

Amazon enters India wealth management with bet on startup Smallcase

Smallcase improves digital access to capital markets by offering weighted portfolios of stocks and exchange traded funds.

HDFC Bank shares gain as RBI lifts curbs on new credit card issuances

Shares of HDFC Bank on Wednesday rose nearly two per cent in early trade as investors cheered the Reserve Bank's decision to allow the lender to issue new credit cards.

Inflation has peaked and is likely to stabilise going forward: RBI

For a one percentage point reduction in inflation, 1.5-2 percentage points of GDP have to be foregone

HDFC Bank can start issuing credit cards again as RBI eases curbs

Ban on Digital 2.0 programme continues; bank ready with aggressive plan

SBI Card raises Rs 500 cr by issuing bonds on private placement basis

SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore by issuing bonds on a private placement basis.

RBI allows HDFC Bank to issue new credit cards: Report

However, RBI's ban on the bank introducing new digital initiatives will continue, a source told Reuters

Little more than half of financial inclusion achieved, says RBI's new index

According to RBI's assessment, the FI-Index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017

Despite banks' record Q1 net profit, Bank Nifty on a slippery slope

It is up 15% since the start of CY21 against 19% in Nifty50; this despite banks' record Q1 profit

Citibank becomes first US bank to set up unit in IFSC at GIFT City

License issued today by IFSCA

Small finance banks suffer net loss in June quarter as provisions surge

SFBs - AU, Ujjivan, Equitas, and Suryoday - reported a combined net loss of Rs 66 crore in the June quarter of financial year 2021-22

UPI forms 10% of overall retail payments in FY21, says Macquarie report

UPI saw its FY21 annual throughput value at Rs 41 trillion, almost 2.8x that of credit and debit card at Point of Sale combined, and almost 20x that of prepaid payment instruments.

SBI scraps processing fees, lists more offers for retail customers

The country's largest lender State Bank of India on Monday announced a slew of offers for its retail customers ahead of the festive season.

HDFC Bank plans to raise funds via AT-1 bonds from overseas market

The bank is expected to raise up to $1 billion from dollar-denominated bonds

HDFC launches 'green and sustainable' deposits programme for retail clients

HDFC Ltd said individuals can earn interest at 6.55 per cent on their deposits, whose period can range from 3-10 years