Page 522 - Finance News

Government to infuse Rs 1,500 crore into Exim Bank next fiscal

The Centre has decided to infuse Rs 1,500 crore capital into state-owned Export-Import Bank of India (Exim Bank)

Constitutional challenges to a complete cryptocurrency ban in India

The need then is to regulate, not ban, experts say

Sebi settles Axis Bank-United India Insurance case

The matter pertained to alleged lapses in disclosures with respect to change in promoter United India Insurance's shareholding in the private lender.

Goldman Sachs unveils Marcus Invest robo-adviser in consumer push

Consumers can open an account with Marcus Invest with a minimum of $1,000 and will be charged an annual fee of 0.35%, the bank said

RBI permits residents to make remittances to IFSCs under LRS

The Reserve Bank on Tuesday permitted resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to International Financial Services Centres (IFSCs) in the country

RBI issues draft guidelines for derivatives trading in credit default swaps

RBI on Tuesday came out with the draft guidelines for allowing derivatives trading in the credit default swaps (CDS) in over-the-counter (OTC) markets and on recognised stock exchanges in the country

Credit default swaps to be reported in 30 minutes with deal intent: RBI

The trade repository will be run by the Clearing Corporation of India Ltd

Allahabad Bank merger: Combined CBS platform a success, says Indian Bank

This is the final step in the amalgamation, with data of 3,000-plus branches and all channels of erstwhile Allahabad Bank migrating seamlessly to Indian Bank database

NIIF hires Morgan Stanley infrastructure dealmaker Ami Momaya: Report

Momaya, who was with the US firm's infrastructure investment management division, will join NIIF as a partner in early May, says a person aware of the development

RBI forms expert panel to explore consolidation of urban co-op banks

Committee to be headed by former RBI dy governor, submit report in three months

SIDBI Q3FY21 net up 9% to Rs 630 cr on better income, strong credit growth

Asset quality profile improves as bad loans dip; provision coverage ratio rises to 96 per cent

Reserve Bank of India forms expert panel for urban co-operative banks

The RBI has constituted an expert committee under the chairmanship of its former Deputy Governor N S Vishwanathan

Consumer, personal loans bolstered fintech lending in FY 2021: Report

SIDBI and Equifax launched the second edition of "Fintech Pulse", a quarterly publication highlighting key trends of NBFC fintech segment

Nirmala Sitharaman to address post-Budget RBI board meet on Tuesday

For the next 2021-22 fiscal, the deficit has been pegged at 6.8 per cent of GDP, which will be further lowered to 4.5 per cent by the fiscal ending March 31, 2026

Non-FATF area investors can't have 'significant influence' in NBFCs: RBI

The Reserve Bank on Friday said investors from non 'Financial Action Task Force' complaint jurisdictions can only hold less than 20 per cent of the voting power in India-based NBFCs.

Decoded: What are pro forma NPAs and how does that impact borrowers?

An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower than the ones earmarked on pro forma basis

RBI to issue new 40-year benchmark bond on Thursday, raise Rs 7,000 crore

The 40-year bonds are the highest tenured bonds issued by the government

PMLA case: Ex-ICICI Bank CEO Chanda Kochhar granted bail

Former ICICI Bank CEO and MD Chanda Kochhar was granted bail by a special PMLA court on Friday

Government may compensate banks for loss of MDR, says IT secretary

The move is part of the Budget proposal, where the government has earmarked Rs 1,500 crore for the promotion of digital payments this fiscal

Bond investors see RBI curbing yields as India looks to sell $3.6 bn bonds

The bond auctions Thursday drew lower-than-expected cutoff yields, including 5.9726% on the benchmark 10-year note, compared with 6.03% estimated in a Bloomberg News survey