Page 505 - Finance News

SFB loan to MFIs for on-lending to be classified as priority sector lending

The Reserve Bank of Indian has decided to allow the classification of priority sector lending for loans given by small finance banks to micro-finance institutions (MFI) for on-lending to individuals

Targeted economic measures by RBI are for second wave of Covid-19

Central bank's measures to mitigate impact of the second wave of infections focus on healthcare.

RBI swings into action after banks indicate rising asset quality pressure

On tap liquidity for SFBs to address needs of small borrowers

'RBI in battle mode': Full text of Shaktikanta Das's speech on May 5

Central bank announces scheme allowing banks to support vaccine manufacturers, medical facilities, hospitals in Covid-19.

RBI gets into the act; lays foundation for more measures going ahead

The signal really given by the RBI is that while it does believe today that things have not taken a turn for the worse as all enterprises are better prepared than last year while facing lockdowns

RBL Bank net declines 34% in Q4 on higher provisions, drop in NII

Its profit after tax for the reporting quarter stood at Rs 75 crore against Rs 114 crore in the year-ago period

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

Covid-19 second wave: Clamour for packages for banks and NBFCs grows

Senior bankers say the situation had become serious and it was tough to gauge the economic impact

Microfinance collections may dip 8-10% sequentially in April: Icra

Healthy liquidity buffers maintained by most entities provide some comfort

RBI rejigs portfolios after T Rabi Sankar's appointment as deputy governor

Sankar succeeded BP Kanungo, who retired on April 2 after getting a one-year extension in his position

RBI imposes a Rs 3-cr penalty on ICICI Bank for violating prudential norms

The central bank said it found contravention of norms in the matter of 'shifting of securities from one category to another'

Kotak Mahindra Bank's consolidated net profit rises 36% in Q4FY21

The lender's NII grew by 8% in Q4FY21 to Rs 3,843 crore, from Rs 3,560 crore in Q4FY20

RBI imposes Rs 3 cr fine on ICICI Bank for violating certain rules

The central bank said it found contravention of norms in the matter of 'shifting of securities from one category to another'

YES Bank's capital requirement for current fiscal pegged at Rs 7,500 cr

The bank's MD and CEO Prashant Kumar said the bank would not like its Common Equity Tier I (CET1) ratio to fall below 11 per cent

T Rabi Sankar named RBI deputy governor to succeed B P Kanungo

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank

Reserve Bank to strengthen risk-based supervision of banks, NBFCs

The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges

Will try to keep interest rate benign for as long as possible: SBI chief

State Bank of India (SBI) will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman Dinesh Kumar Khara has said

BHIM UPI transactions come down slightly to Rs 4.94 trillion in Apr

The digital transactions through BHIM UPI in April this year fell by 2.2 per cent from a month ago

Centre extends timelines of certain compliances in view of Covid-19

The aim is to grant respite during the devastating second wave of the pandemic