Page 494 - Finance News

HDFC Bank's mobile banking app faces outage; issue resolved in an hour

In the past too, the lender, on multiple occasions, has faced outages with regards to mobile banking, internet banking, and other platforms

RBI bans DHFL from taking deposits under Piramal Group mgmt

More than 55,000 retail and institutional investors hold Rs 5,375 crore worth of fixed deposits in DHFL.

Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21

Analysts attribute the margin expansion to the wedge between RBI's repo rate and the lending rate in the market

ICICI Bank raises Rs 2,827 cr by issuing bonds on private placement basis

ICICI Bank on Tuesday said it has raised over Rs 2,827 crore by issuing bonds on a private placement basis.

National Housing Bank imposes Rs 80,000 fine on PNB Housing Finance

National Housing Bank (NHB) has imposed a penalty of Rs 80,000 on PNB Housing Finance for not complying with loan disbursement norms in 2015.

Reserve Bank of India imposes Rs 11 lakh penalty on 2 co-op banks

The RBI has imposed penalty totalling Rs 11 lakh on Bijnor Urban Co-operative Bank Limited, Bijnor and National Urban Co-operative Bank Limited, New Delhi for contravention of certain norms

Canara Bank to be lead sponsor of bad bank, to pick up 12% stake

Bad bank refers to a financial institution that takes over bad assets of lenders and undertakes resolution.

Manipal Group chief, Rohan Ajila launch consumer-sector focused SPAC in US

GCAC raised this week $170 million in an initial public offering listed in NASDAQ.

RBI to focus on growth even as inflation breaches tolerance band: Report

The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%

Regulators to look into PNB Housing Fin's plan to raise Rs 4,000 cr

The company's board has cleared a proposal to raise up to Rs 4,000 crore by issuing preference shares and convertible warrants to Carlyle Group firms and other entities.

SBI Cards raises Rs 500 crore by issuing bonds, allots 5,000 NCDs

The coupon on the bonds is 5.55 per cent per annum. The bonds have been allotted on June 14, 2021.

Piramal, DHFL merger: The road ahead remains bumpy due to legal hurdles

Former promoter moves Supreme Court, debt investor 63 moons vows to move court to recover dues

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

New auditors: Reserve Bank of India clarifies on tenure, eligibility norms

Industry lobbies have called for a review of the circular issued on April 27

No more space for monetary steps, tough task ahead for RBI: SBI Report

The report said RBI will face a multiplicity of challenges and a potential inflation uptick that has all the prospects to turn ugly with a marauding global commodity cycle

Private equity, venture capital investments fall in May to $3.6 bn: Report

This compares to April's $7.5 billion and the year-ago period's $5.4 billion

How banks were able to prove doomsday predictions wrong in a pandemic year

There were five factors that helped banks contain bad loans in a pandemic year

Indian monetary policy makers seen tolerating high inflation for growth

Data later today might show wholesale prices grew 13.3%, the highest rate in three decades, it's unlikely just yet to fully feed into consumer prices.

ICICI Venture eyes digital start-ups, real estate fund of $300-400 million

The leading private equity player is re-entering the start-up space after around two decades

Bank of Maharashtra plans to raise up to Rs 2,000 cr through QIP

State-run Bank of Maharashtra is looking to raise up to Rs 2,000 crore through qualified institutional placement (QIP) route before July-end, its Managing Director and CEO A S Rajeev said.