Page 531 - Finance News

FinMin looks at BIC model after concerns on zero coupon bonds for PSB recap

FinMin is looking at avenues for affordable capital infusion, including setting up of a Bank Investment Company, as the RBI raised concern over issuance of zero-coupon bonds for PSB recapitalisation

HDFC Bank's Q3 net profit surges 18% on growth in net interest income

Provisions and contingencies of the lender increased 12 per cent year on year

HDFC Bank third quarter net profit rises 14.36% to Rs 8,760 crore

HDFC bank is the largest private sector lender in India

RBI likely to propose stricter regulations for shadow banks: Report

RBI looks to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years

No choice but to build reserves despite US monitoring list : RBI Governor

The US Treasury in December included India in the currency manipulator watchlist with nine others for one-sided intervention preventing rupee appreciation

Loan book audit at IDBI Bank to identify stress areas ahead of stake sale

Audit report may form the basis of valuations in impending disinvestment by the government

Wells Fargo records rare profit beat helped by stabilising credit costs

Wells has operated under a dark cloud since 2016, when details emerged about millions of phony accounts employees had created in customers' names

Citigroup quarterly profit beats estimates as loan loss provisions slow

Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations

JPMorgan profit jumps 42% on reserve release, investment banking strength

The big US lenders spent 2020 grappling with the economic fallout of the Covid-19 pandemic, setting aside billions to cover expected loan losses

Borrowing cost surges in bond market over RBI's measures to drain out cash

The surge comes after the Reserve Bank of India announced plans last week to restore normalcy to liquidity operations in markets in a phased manner

RBI tweaks FEMA regulations, gives wings to recycling of aircraft

Till now, export of planes in knocked-down condition was not allowed

Centre, states team up with RBI, Big Tech to fight Chinese lending apps

Regulated digital lenders support move; Google reviews "hundreds of personal loan apps", removes violators of its user safety policies from Play Store

NBFCs urge RBI to relax compliance rules as they convert into banks

Seek leeway on reserve ratio, priority sector and sectoral exposure

Nursing back post-Covid financial system biggest challenge for India

The state-dominated lending system's aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier

RBI sets up panel to suggest measures for promoting digital lending

Amid rising incidents of harassments relating to online lending, the Reserve Bank on Wednesday constituted a working group to suggest regulatory measures to promote orderly growth of digital lending.

RBI imposes Rs 2 cr fine on Deutsche Bank for non-compliance of directions

RBI by an order on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG

Bajaj Allianz Life AUM grows 79% in 10 years to cross Rs 70,000 cr

The private sector life insurer said its assets under management have crossed the Rs 70,000-crore milestone by the end of December

Karnataka Bank third quarter net profit rises 10% to Rs 135 crore

The bank reported a 10 per cent increase in net profit at Rs 135.38 crore for the December quarter on account of a decline in bad loans

Morgan Stanley names new country head in India promotion spree

Sanjay Shah will be the bank's country head for India, effective immediately

FSS and India Post Payments Bank join hands to promote financial inclusion

Under the deal, IPPB will use FSS' Aadhaar Enabled Payment System to deliver interoperable and affordable doorstep banking services to under-served and un-banked customers across India