Page 510 - Finance News

SBI collects Rs 300 cr from zero balance accounts in 5 years: Study

Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided

Centre may redraw bank recapitalisation plan in wake of new challenges

Institutions face additional burden to meet interest on interest obligation for all its borrowers

South Indian Bank's Q4 deposits dip to Rs 82,710 cr from from Rs 83,034 cr

South Indian Bank's total deposits dipped marginally to Rs 82,710 crore in the January to March quarter from Rs 83,034 crore in the year-ago period

10-year bond yield drops to 5.97% in morning trade but closes at 6.02%

In the first auction of the fiscal year, the RBI raised Rs 37,853 crore using greenshoe options instead of the planned Rs 32,000 crore

One-fourth of bank loans in FY21 given in last fortnight of year: RBI data

Bank credit up 5.6% in FY21; Deposits surge 11.4%

Second Covid-19 wave heightens risks for Indian banks, says Fitch

Agency already sees moderately deteriorating environment for sector in 2021. Headwinds will intensify if rising infections and follow-up measures to contain the virus further affect business

Privatisation of two public sector banks on meeting agenda next week

Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said

Covid-19 resurgence may derail recovery in Indian NBFC sector: Agencies

Face renewed asset quality, liquidity risks amid second wave; challenges likely to increase if recent curbs to contain pandemic are prolonged

E-wallets are similar to bank accounts, but more convenient: Experts

Will help those who can't ensure minimum balance

Banks will need to refund Rs 4,500 cr compound interest to borrowers

This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities

Dhanlaxmi Bank gross advances up over 4% by March; deposits rise over 7%

Private sector lender Dhanlaxmi Bank witnessed over 7 per cent year-on-year growth in its total deposits during the financial year ended March 2021, while advances rose over 4 per cent.

Payments banks can now hold max balance of Rs 2 lakh per customer

The RBI has doubled the limit of maximum balance that an individual customer can hold with payments banks to Rs 2 lakh from Rs 1 lakh earlier with immediate effect

First purchase of G-secs worth Rs 25,000 cr under G-SAP 1.0 on Apr 15: RBI

RBI said the first purchase of government securities worth Rs 25,000 crore under the G-sec Acquisition Programme will be done on April 15 with a view to enabling a stable evolution of the yield curve

FinMin requests home, health ministries to vaccinate bank staff on priority

600 bank personnel died due to Covid-19 till December, IBA said while requesting vaccination

RBI commits to OMO calendar, leaves key policy rates and stance unchanged

Despite the surge in Covid-19 infections, the growth target also remained unchanged at 10.5 per cent for the fiscal, but inflation was tweaked upwards slightly

MPC in 2 minutes: Here're the key development and regulatory steps

Payment banks can now hold Rs 2 lakh instead of Rs 1 lakh as end-day balance per customer

Monetary policy review: RBI changes the way it forecasts inflation rate

The amendments come just days after the RBI won approval from the government to retain its 2-6 per cent inflation target range for the next five years

Monetary policy: Soon, you can withdraw cash from digital wallets

The rationale behind this move is to level the playing field between banks and non-banks PPI issuers

Losing currency: Rupee sinks as monetary policy triggers carry unwinding

The rupee closed at 74.56 to a dollar - the lowest since November 13, 2020. The intraday fall is the steepest since the August 2019 levels

IDFC First Bank raises Rs 3,000 crore equity capital through QIP

IDFC First Bank raised Rs 3,000 crore via QIP in which global marquee investors like BNP Paribas and Baillie Gifford participated alongside domestic players such as Bajaj Allianz Life and HDFC Life