Page 532 - Finance News

Bank Investment Company may be approved in upcoming Budget, finally

A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity

Banks weigh on shares after Reserve Bank warns of bad loans may double

The blue-chip NSE Nifty 50 index slipped 0.1% to 14,473 and the benchmark S&P BSE Sensex eased 0.25% to 49,143.75

Banks' gross NPAs may rise to 13.5% by Sept: Financial stability report

Banks will have to brace for a rollback of regulatory forbearance that was announced in the wake of Covid-19, and enhance their capital positions, the RBI said

Indian banks' bad loans may rise significantly: Financial stability report

Indian banks may see bad loans double despite signs of an improvement in the economic impact of the Covid-19 pandemic

MassMutual to set up Rs 1,000 crore global facility in Hyderabad

US-based insurance major MassMutual will be setting up its global capability centre in Hyderabad with an initial investment of Rs 1,000 crore

RBI to spark money market recovery by reverse repo operation worth Rs 2 trn

The Reserve Bank of India will aim to drain 2 trillion rupees ($27.3 billion) of banking funds via a 14-day reverse repo operation on Jan. 15

As crypto gains currency in India, experts call for cautious regulation

With mounting allegations of cryptocurrency fraud and many aggrieved citizens approaching courts, experts say the need for a regulatory mechanism is urgent

NPA classification period likely to get 30-day extension as bad loans mount

Move to increase 90-day window to 120 days to give more time to borrowers to service loans

Listed commercial banks may post 5.5% rise in third quarter net profit

Their net revenues could expand by just about 1.8 per cent in the reporting period, according to Bloomberg estimates

RBI raises concerns over zero-coupon bond for PSB recapitalisation

RBI has expressed some concerns over zero-coupon bonds for the recapitalisation of public sector banks (PSBs) and discussion is on between the central bank and Finance Ministry to find a solution

RBI indicates slow departure from ultra-loose liquidity policy

RBI to restore liquidity operations timing to normal hours in a phased manner, to start with variable rate reverse repo window from Jan 15

State Bank of India announces up to 30 bps concession on home loans rates

State Bank of India on Friday announced an interest concession of up to 30 basis points on home loans and a 100 per cent waiver on processing fees

Yes Bank case: No bail for Wadhawans from metropolitan court

A Mumbai metropolitan court refused to grant bail to DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan in connection with the Yes Bank fraud case

Oaktree Capital, Piramal group trade charges over bids for bankrupt DHFL

US firm says its offer is better, warns of legal action

Flexible inflation targeting: Fix the underlying first - it is broken

The RBI must push the government to put the periodical rebasing of the CPI into the inflation targeting agreement

Demand for retail loans expected to continue upward journey: Experts

Large non-banking financial companies (NBFCs) and a few private banks - that have disclosed December quarter trends of advances - are showing signs of improved credit demand

Reserve Bank forms academic advisory council for supervisory college

The College of Supervisors has been operational in a limited way since May last year, but it is now being fully operationalised

Pvt banks report healthy deposit accretions, sluggish advances growth in Q3

Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter

NBFCs may see 7-9% growth in assets under management next fiscal: Icra

But access to funding would be crucial to have a sustained improvement, says a report

SMCB becomes India's first urban co-operative bank to transition to SFB

The bank had received an in-principal approval from the RBI for transitioning to a SFB in January 2020