Page 506 - Finance News

State Bank of India reduces home loan interest rates to 6.7%

Women borrowers to get a special concession of 5 bps

IndusInd Bank net profit jumps 194% in March quarter on low provisions

The profit after tax grew to Rs 926 crore, from Rs 315 crore in the year-ago period

RBI governor, officials of SFBs discuss potential stress on balance sheets

RBI governor Shaktikanta Das held a meeting with the CEOs of small finance banks (SFBs) through video conference

Bank credit growth declines to 5% in FY21 as Covid-19 takes a toll

Farm sector stands out with uptick in credit offtake

Project Future-Ready: HDFC Bank rehauls organisation set-up, top-deck roles

The bank is reorganising itself into three clear areas of business verticals, delivery channels and technology/digital to further build its execution muscle

India's bank credit growth may dip further after touching record low

Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely

RBI to buy and sell Rs 10,000 cr market bonds simultaneously under OMO

This is the first such 'Operation Twist' this fiscal in which RBI will buy long-term bonds and sell-short term bonds maturing this year

FSDC sub-committee meets virtually to take stock of Covid-19 situation

Discussed scenario emerging from second wave and various inter-regulatory issues; reviewed activities of various technical groups under its purview

Fund houses to press for modifications to Sebi compensation circular

Among the most important tweak sought by the industry will be to reduce the ambit of 'key employees'

Retail digital payments saw strong growth in FY21 over a year earlier

Data from RBI suggest there was a slowdown in wholesale transaction value, but volume growth withstood the pandemic

SBI board approves raising up to $2 billion via bonds this fiscal

The country's largest lender SBI said its central board in its meeting on Wednesday has approved raising up to USD 2 billion (around Rs 14,880 crore) through bonds this fiscal.

Most bank CEOs have to hang up boots before 70 under latest RBI guidelines

RBI's CEO tenure cap: Banks have to expedite succession planning after RBI's new rules on CEOs term

Digital banking can mask risks, say CROs at Business Standard webinar

Efforts to identify key personnel risks need to increase by many notches, given the amount of investments being made in technology, and the number of digital transactions

SBI board to consider raising $2 billion through bonds in 2021-22

The bank said the Executive Committee of its Central Board would consider raising $2 billion through bonds in the financial year 2021-22

Axis Bank beats Street estimates, posts net profit of Rs 2,677 crore in Q4

In the same period of last financial year, the bank had reported a net loss of Rs 1,388 crore

Bajaj Finance net rises 30% to Rs 1,161 cr in January-March quarter

The company had posted a net profit of Rs 892 crore in the corresponding quarter last year

Banks with assets of more than Rs 15,000 crore must hire two auditors

Any bank with a balance sheet of less than Rs 15,000 crore can have one statutory auditor. However, in all cases, concurrent auditors cannot be appointed as statutory auditors

NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI

RBI issues guidelines for appointment of statutory auditors of banks, NBFCs

The Reserve Bank of India on Tuesday issued guidelines for appointment of statutory auditors of banks and non-banking finance companies (NBFCs), including housing finance companies

RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.