Page 523 - Finance News
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
 "RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank")
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.
 "RBI issues directions for HFCs to maintain liquidity, asset classification")
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)
 "Government to infuse Rs 1,500 crore into Exim Bank next fiscal")
Constitutional challenges to a complete cryptocurrency ban in India
The need then is to regulate, not ban, experts say
 "Constitutional challenges to a complete cryptocurrency ban in India")
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.
 "Sebi settles Axis Bank-United India Insurance case")
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
 "Goldman Sachs unveils Marcus Invest robo-adviser in consumer push")
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
 "Credit default swaps to be reported in 30 minutes with deal intent: RBI")
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
 "Allahabad Bank merger: Combined CBS platform a success, says Indian Bank")