Page 521 - Finance News
RBI scoops up Rs 26,000-crore bonds anonymously in a single day
This shows that contrary to what the bond market says, the RBI is pumping in enough liquidity in the system
 "RBI scoops up Rs 26,000-crore bonds anonymously in a single day")
Nabard plans to raise up to Rs 40,000 crore through long-term bonds
The money raised will be mostly used for rural development programmes run by the government
 "Nabard plans to raise up to Rs 40,000 crore through long-term bonds")
No capital infusion by Punjab National Bank in housing finance subsidiary
PNB Housing Finance Ltd had informed about its plan to raise tier I capital up to Rs 1,800 crore through various modes including QIP, preferential issue of shares or a rights issue
 "No capital infusion by Punjab National Bank in housing finance subsidiary")
RBI puts Rs 1,000 withdrawal cap on Deccan Urban Cooperative Bank
RBI has imposed a withdrawal cap of Rs 1,000 on customers of Deccan Urban Cooperative Bank and barred the Karnataka-based lender from granting fresh loans or accepting deposits.
 "RBI puts Rs 1,000 withdrawal cap on Deccan Urban Cooperative Bank")
ICRA reaffirms AAA stable for Axis Bank's infra bonds, debentures
ICRA has reaffirmed AAA rating on Axis Bank's infrastructure bonds and debentures worth Rs 22,205 crore.
 "ICRA reaffirms AAA stable for Axis Bank's infra bonds, debentures")
DBS faces lawsuits in India after takeover of Lakshmi Vilas Bank
DBS's Lakshmi Vilas acquisition was the first time the Reserve Bank of India turned to a foreign lender to bail out a local bank
 "DBS faces lawsuits in India after takeover of Lakshmi Vilas Bank")
IDFC First Bank's promoter, Warburg may not participate in fundraising
Board clears Rs 3K-cr capital raise plan
 "IDFC First Bank's promoter, Warburg may not participate in fundraising")
SC gives RBI six months to lay down regulations for locker facility
The court held that banks cannot wash off their hands towards their customers for the operation of lockers
 "SC gives RBI six months to lay down regulations for locker facility")
Karnataka Bank reports Rs 34.16-crore fraud to Reserve Bank of India
The firm said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks
 "Karnataka Bank reports Rs 34.16-crore fraud to Reserve Bank of India")
PE/VC investments drop by 35% in January to $1.6 bn: EY-IVCA data
January 2021 recorded three large deals worth $680 mn compared to five large deals worth $1.4 bn in January 2019 and 12 large deals worth $6 bn in December 2020
 "PE/VC investments drop by 35% in January to $1.6 bn: EY-IVCA data")
RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank
The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits
80% Indian corporate banks to leverage Cloud by 2024: Report
Nearly 80 per cent of corporate banks in India are forecast to run their trade finance and treasury workloads on Cloud by 2024, said a new IDC report
 "80% Indian corporate banks to leverage Cloud by 2024: Report")
A long jump for IIFCL as DFI tag to support financial needs, growth
Its planned incorporation into a larger development finance institution could present challenges for a company with a founding covenant that restricted its scale of operations
 "A long jump for IIFCL as DFI tag to support financial needs, growth")
IDFC First Bank gets board approval for Rs 3,000 crore fund mop-up
Private sector IDFC First Bank on Thursday said its board has okayed raising up to Rs 3,000 crore through various means.
 "IDFC First Bank gets board approval for Rs 3,000 crore fund mop-up")
Fin sector may see 'facelift' this year as term of many honchos set to end
BBB starts selection process as nearly half a dozen public sector bank CEOs' term comes to an end
 "Fin sector may see 'facelift' this year as term of many honchos set to end")
Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record
A month into the Covid-19 immunisation drive, as many as 21 states and Union Territories (UTs) have not administered a single shot of Covaxin from Bharat Biotech. Read top news with Business Standard
 "Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record")
Finance Ministry asks RBI to ensure a higher dividend for govt in FY22
RBI advises against any change in inflation goalposts, monetary policy targets
 "Finance Ministry asks RBI to ensure a higher dividend for govt in FY22")
Decoded: Understanding the draft guidelines on credit default swaps
In the past too, the RBI has tried to launch a comprehensive CDS product but it never really took off
 "Decoded: Understanding the draft guidelines on credit default swaps")
IndusInd Bank expects Rs 2k cr capital infusion on successful rights issue
The rights issue was necessitated to infuse residual capital into the bank in lieu of conversion of warrants issued to them in 2019 worth over Rs 2,695 crore into equity
 "IndusInd Bank expects Rs 2k cr capital infusion on successful rights issue")
RBI issues directions for HFCs to maintain liquidity, asset classification
RBI came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for housing finance companies.