Page 504 - Finance News

HDFC beats the Street, post 42% net profit surge to Rs 3,180 cr in Q4

Board okays re-appointment of Keki Mistry as vice-chairman, CEO for 3 more years

RBI to conduct first SLTRO of Rs 10k cr for small finance banks on May 17

The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations

Covid-19 loans: Banks using their own resources to get the benefit

Earlier, option of earning 40 bps extra was for banks using RBI's Rs 50,000-cr window

No immediate plans to raise capital: SBI Chairman Dinesh Kumar Khara

SBI chairman said that the bank does not have immediate plans to raise capital as a reasonable profit of the last fiscal would be ploughed back to take care of foreseeable business growth

SBI, EIB to invest up to Euro 100 mln in SMEs focused on climate change

The European Investment Bank and the country's largest lender SBI on Friday entered into a pact

RBI sets up an advisory group to assist regulatory review authority

Regulatory Review Authority (RRA 2.0) was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities

RBI's Rs 50K cr liquidity facility can augment hospital bed capacity Crisil

Reserve Bank's Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20% as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday

Govt asks PSBs to protect dollar assets on Cairn concern: Report

The banks' decision to avoid adding more dollars to their offshore account has roiled India's exchange rate in recent days

Dollar forward rates normalise after carry traders unwind positions

Decline in premium to help importers hedge near-term exposures

Hospitals to reap the benefits of RBI's health care liquidity injection

While top hospital chains reported an average borrowing cost of 9.8% in H1FY21, loans under the special RBI liquidity window for the health care sector are expected to come at around 6%

As part of strategic disinvestment, govt, LIC to sell stakes in IDBI Bank

Quantum of stake sale to be decided while structuring the transaction

RBI announces loan relief, Rs 50,000 cr liquidity to tide over Covid

Central bank's 'immediate objective is to preserve human life and restore livelihoods', says Shaktikanta Das.

RBI's relief: Hit by second Covid wave, MSMEs call for more support

According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required

Bond bulls bring down 10-year yield below 6% for first time since Feb 12

This was after the RBI assured the market of ample liquidity and another round of secondary market purchase of Rs 35,000 crore

RBI's Covid relief: SFB loans to MFIs get priority sector status

Special liquidity for SFBs to help low-income groups, say experts

Banks using unseen digital cash could bring down fees on foreign transfers

Blockchain technology used between banks to settle claims could significantly lower the cut taken from customers

Normal monsoon should help contain food price pressures: RBI Governor

Despite admitting to price pressures both from food items and input prices, RBI Governor Shaktikanta Das hoped that a normal Southwest monsoon will have a "soothing impact" on inflation pressures

Cabinet approves strategic disinvestment in IDBI Bank

LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter

RBI running key ops from a 250-member-strong quarantine centre: Governor

Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das

RBI relief measures may cushion NPA blow from second Covid wave: Analysts

Analysts see the RBI's announcements to be sentimentally positive for the banking sector even as Covid-19 situation remains dynamic