Page 525 - Finance News

ICICI Lombard gets approval to open IFSC unit in Gujarat's Gift city

Private non-life firm ICICI Lombard on Friday said it has received approval from international financial services centre (IFSC) to open an offshore insurance office in Gift City

Spike in India bank's stressed loans slower due to govt measures: Moody's

Ample domestic liquidity, loose monetary policy, moratoriums on loan repayments and government guaranteed loans to small businesses have supported Indian banks' asset quality

RBI to allow retail investors to directly enter govt securities market

This will make India the first Asian country to do so and among a handful globally

RBI's monetary and Centre's fiscal policy are moving hand-in-glove

RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP

ICICI Bank, MUFG Bank tie up for serving Japanese firms operating in India

The tie-up is set to focus on the business generated by companies from the eastern Asian country present in India

Three offers received for PMC Bank resolution: RBI Governor Das

Das said three investors have submitted their offers for reconstruction of crisis-ridden Punjab and Maharashtra Co-operative (PMC) Bank and evaluation for those are underway

RBI monetary policy announcements: Highlights and key takeaways

This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth

RBI to restore cash reserve ratio in 2 phases to 4% over improved liquidity

The CRR is the percentage of the total deposit that banks have to mandatorily park with the apex bank

Inflation worries play on RBI's mind, dampen mood of bond market

Higher inflation projection rules out any rate cut possibility in the first half of FY22; bond yield jumps

LIVE: RBI says will undo damage inflicted on economy by Covid-19 in FY21-22

RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates

One nation one ombudsman: RBI to integrate consumer grievance redressal

There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present

RBI extends deadline for last tranche of capital conservation buffer

The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred

Economic growth will only move upwards in FY21-22, says Shaktikanta Das

The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week

Inflation, Budget and its implications: RBI's two guiding forces on rates

The other signals expected from the policy related to the rollback of measures announced during the pandemic

RBI MPC highlights: Rates, stance unchanged, CRR to be restored, and more

Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%

RBI maintains status quo for fourth time, keeps policy rate unchanged at 4%

The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI

RBI keeps policy rate unchanged fourth time, maintains accommodative stance

The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth

Top headlines: BSE firms' m-cap tops Rs 200 trn, RBI's plan to revive PMC

Walmart-owned digital payments firm PhonePe has distributed ESOPs (employee stock ownership plans) worth $200 million among its 2,200 employees. Read top news with Business Standard

How RBI plans to revive PMC Bank through a three-pronged strategy

In a first, DICGC to be roped in to fund revival; RBI to open credit line to tide over liquidity issues; minimum capital from promoter to meet 9% capital adequacy ratio; 3 investors submit final offer

Option to remain a large NBFC 'very much on the table': HDFC group CEO

Mistry said he was confident that bounce back in demand for home loans would continue