Page 489 - Finance News

Price shock has ICICI Prudential Life's exec expecting hawkish RBI in Aug

India's retail inflation crossed outside the central bank's 2%-6% comfort zone recently, pushing yields higher on fears the Reserve Bank of India's policy tone will change as early as August in the di

Overdue loans could spike fresh slippages in H1 of FY22, says Icra

However, restructuring and enhanced funding of Rs 1.5 trillion under government guaranteed credit scheme could provide some relief for lenders

Fresh tussle between RBI, bond market expected ahead of 10-yr paper launch

The 10-year paper is no longer the most traded one - which is unusual

Bajaj Finance books fewer new loans in June quarter over March

In Q1FY22, it booked 4.6 mn new loans while in the previous quarter it had booked 5.47 million. On a YoY basis, there is a 1.5x jump in new loans booked

Understanding the Riemann Hypothesis: Why it's a high-stakes puzzle

Someone wrote a sci-fi story suggesting that anybody who proved the Hypothesis would be promptly murdered by a consortium of bankers

Razorpay, Mastercard launch MandateHQ for recurring payments

To help banks comply with RBI directive and provide convenience to banks' customers, Razorpay and Mastercard have partnered to launch MandateHQ, new recurring payment interface, after RBI's new rules

RBI to conduct Rs 20,000 crore open market bond purchase on July 8

The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8

Deutsche Bank launches indexes to track 21 emerging market currencies

Deutsche Bank launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy

Large banks with strong balance sheet to grow faster: Axis Bank CEO

Sustained fiscal and monetary support by the government and the RBI would help economic recovery by the second half of this fiscal, Axis Bank's top official said

Private banks' loan books shrink in Q1 amid second wave of Covid-19

IndusInd, YES, Federal, and CSB post 1-3.5% sequential decline; HDFC Bank bucks the trend with 1.3% growth

BankAm's i-bankers continue to pull off deals for India Inc amid Covid-19

BankAm topped Dealogic's league tables for equities at $2.8 billion in deals (followed by ICICI Securities at $2.4 billion and JP Morgan, or JPM, at $2.4 billion) for FY21

We do have banking ambitions, says Incred Group's Bhupinder Singh

BHUPINDER SINGH, the shadow banking entity's founder and chief executive officer, spoke to Raghu Mohan

Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara

The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI

Businesses need not deduct TDS on share purchases via exchanges: CBDT

Businesses had said there are practical difficulties in implementing the provisions of Tax Deduction at Source (TDS) contained in a rule.

A substantial fall in installation of PoS machines in India: Report

According to the Worldline India Digital Payments Report for Q1 2021, the new number likely reflects a more realistic number of the terminals deployed

Digitisation cannot be reactive

To truly unlock the digital potential, insurers need sustained investment in innovation and new-age technologies like machine learning, data modelling, and artificial intelligence

Delta variant of Covid creates emerging market gap as outperformers hit

Countries that are lagging in vaccination rates may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB

Banks Board Bureau recommends 10 names for exec director posts in PSBs

The Banks Board Bureau (BBB) on Saturday recommended to the government names of 10 general managers of various public sector banks for appointment as executive directors

Canara Bank to raise Rs 3,400 cr in capital via Additional Tier-I bonds

Ind-Ra said the bank is unlikely to witness a capital erosion in FY22

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)