Page 539 - Finance News

RBI to set up centre in Jaipur for receipt, storage and dispatch of notes

With a view to deal with increasing circulation of banknotes, the RBI has decided to set up an Automated Banknote Processing Centre in Jaipur for receipt, storage and dispatch of currency notes.

Need DFIs for push to infrastructure sector in long term, says SBI MD

There is a need for a development finance institution for funding long-term needs of the infrastructure sector, State Bank of India Managing Director Ashwani Bhatia said on Saturday

Borrowers seeking debt resolution can make a request by December 31: RBI

For personal loans, the resolution plan is to be implemented within 90 days from the date of invocation

SBI will prefer co-origination models of lending to MSMEs: Chairman

Dinesh Kumar Khara said banks need to have enough confidence into various models of the MSMEs and also the commitment level of such entrepreneurs

RBI to conduct simultaneous purchase and sale of govt securities next week

RBI said it will conduct simultaneous purchase and sale of government securities under the Open Market Operations for an aggregate amount of Rs 10,000 crore each on December 17

ICICI Prudential's assets under management cross Rs 2 trillion

The firm is entering the 20th year of operations

ATM moment of banking services is here as lenders make apps open for all

What do banks gain by opening their apps for all? The answer - rival bank's customers under their fold.

Coronavirus pandemic to keep repayment risks elevated for securtised loans

Weak economic conditions will continue to hurt borrowers' ability to repay loans, keeping performance risks for asset-backed securities (ABS) elevated

Central bank's proposals on dividend payouts weigh on state-owned NBFCs

The RBI has proposed that the payouts from next financial year will depend upon factors such as capital adequacy, non-performing asset ratio and leverage ratio.

Indian Bank makes requisite accounting entries to set off losses

On November 30, at EGM the Bank approved the appropriation of accumulated losses of Rs 18,975.53 crore from the share premium account of the bank

RBI's draft NBFC dividend policy unlikely to impact most players: Icra

The Reserve Bank of India's draft circular on dividend distribution by NBFCs is unlikely to impact most of the industry players, said ratings agency ICRA

New business premium of life insurers decline 26.93% YoY in November

In the April - November period of FY21, NBP of life insurers declined by 1.5 per cent to Rs 1.66 trillion, as against Rs 1.69 trillion in the same period last financial year

NBFCs with 15% CRAR for 3 years may be allowed to pay dividend: RBI

RBI has come up with a draft circular for declaration of dividend by NBFCs, wherein it has proposed that NBFCs should have at least 15% CRAR for the last 3 years

HC seeks govt, RBI views on plea seeking regulation of Big Tech in finance

The Delhi High Court Wednesday sought response of the Centre, RBI, SEBI, IRDAI and National Payments Corporation of India (NPCI)

With conglomerates reluctant, PEs may be better source of capital for banks

PEs have deep pockets with the ability to recapitalise the bank as and when needed

ICICI Bank to pare holding in ICICI Securities via OFS on Dec 9-10

OFS floor price fixed at Rs 440 a share. If fully subscribed, ICICI Bank will be able to raise at least Rs 313 crore

'India is a great example': Gates on UPI, country's digital finance model

Bill Gates is also optimistic about how quickly vaccines were being developed globally to address the Covid-19 pandemic.

Veteran Banker Romesh Sobti set to join Aditya Birla Capital board

Rehauling of business strategy is presently underway; set to approach the RBI for banking license once final guidelines is released

ICICI Bank enters fintech space, launches 'iMobile Pay' application

Users can transfer money to any bank account, payment app and digital wallet.

Lakshmi Vilas Bank name board gets DBS logo, tagline on new ownership

Ad banner carrying DBS Bank's brand ambassador Sachin Tendulkar to spread awareness