Page 479 - Finance News
Indian firms raise bets on floating rate bonds to meet funding needs
The Indian firms are slowly leaning towards floating rate bonds, instead of issuing plain vanilla fixed rate papers to meet their funding needs
 "Indian firms raise bets on floating rate bonds to meet funding needs")
MFI's gross loan portfolio slips 4% to Rs 214,528 cr till June: Sa-Dhan
The microfinance industry's gross loan portfolio (GLP) marginally declined by around 4 per cent to Rs 214,528 crore as of June 30 this year, against Rs 224,205 crore as of June 20, 2020
 "MFI's gross loan portfolio slips 4% to Rs 214,528 cr till June: Sa-Dhan")
Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds
Country's largest lender State Bank of India has already raised capital through AT1 bonds from global markets
 "Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds")
FM to meet CEOs of PSBs on August 25 to review financial performance
Sitharaman is scheduled to meet heads of public sector banks on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic
 "FM to meet CEOs of PSBs on August 25 to review financial performance")
No material impact on card issuers: Nomura on RBI restrictions
The RBI had earlier restricted American Express and Diners Club
 "No material impact on card issuers: Nomura on RBI restrictions")
BoM tops PSU banks chart in terms of loan, saving deposit growth in Q1
State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and savings deposit growth during the first quarter of the current financial year.
 "BoM tops PSU banks chart in terms of loan, saving deposit growth in Q1")
MobiKwik appoints Punita Kumar Sinha, 3 others as independent directors
MobiKwik on Friday said it has appointed former Blackstone MD Punita Kumar Sinha, diplomat Navdeep Singh Suri, and two others as independent directors
 "MobiKwik appoints Punita Kumar Sinha, 3 others as independent directors")
Bond losses seen as RBI's rate setters move toward a hawkish stance
The benchmark 10-year yield will climb to 6.40% by December, while the five-year yield will increase to 5.90%
 "Bond losses seen as RBI's rate setters move toward a hawkish stance")
Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements
It has already seen an increase in disbursement to level of Rs 360 crore in July, on par with disbursement in April-June 2021
 "Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements")
RBI cancels licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra
The Reserve Bank has cancelled the licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra for not having adequate capital and being unable to pay its present depositors in full
 "RBI cancels licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra")
RBI gives Ind Bank Housing time till Dec to complete revival process
The Reserve Bank has asked Ind Bank Housing Ltd to complete its revival process by the end of December and submit a board-approved plan
 "RBI gives Ind Bank Housing time till Dec to complete revival process")
RBI likely to hike interest rates starting early 2022, say analysts
The Reserve Bank may be hitting the end of its tolerance for high inflation and will most likely hike interest rates in the first half of 2022, analysts said on Friday.
Record 7.7 million IPO mandates created via UPI in July, shows data
The figure for July was almost 4 times higher than that of June, when 1.94 million mandate creation requests were made through UPI
 "Record 7.7 million IPO mandates created via UPI in July, shows data")
ATM body protests RBI's penalty rule if found with no cash, seeks review
MHA norms restrict cash movement in rural, semi-urban areas, which will hinder cash distribution, says an official of the Confederation of ATM Industry
 "ATM body protests RBI's penalty rule if found with no cash, seeks review")
YES Bank's shares hit 52-week low intraday to Rs 11.89
In the June quarter of financial year 2021-22 (Q1FY22), the lender posted a profit of Rs 210 crore due to lower provisions
 "YES Bank's shares hit 52-week low intraday to Rs 11.89")
RBI imposes Rs 1 crore penalty on Cooperatieve Rabobank UA
Reserve Bank of India on Thursday said it has imposed a penalty of Rs 1 crore on Cooperatieve Rabobank UA for deficiencies in regulatory compliances
 "RBI imposes Rs 1 crore penalty on Cooperatieve Rabobank UA")
Deutsche Bank gets nod to set up IFSC banking unit at GIFT City
Deutsche Bank will set up its IFSC banking unit at India's first global financial centre in Gujarat.
 "Deutsche Bank gets nod to set up IFSC banking unit at GIFT City")
RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years
The central bank's gold reserves stood at 705.6 tonnes as on June 30. The gold reserves were at 558.1 tonnes in the beginning of 2018
 "RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years")
AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO
Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call
 "AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO")
YES Bank eyes own asset reconstruction company, invites EoIs from investors
In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem