Page 567 - Finance News

Digital Apnayen: PNB launches campaign to encourage digital banking

The campaign launched by the bank's Managing Director S S Mallikarjuna Rao on the occasion of Independence Day is till March 31, 2021

ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share

The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations

ICICI Bank raises Rs 15,000 cr via QIP at an issue price of Rs 358 a share

The names of allotees are Monetary Authority of Singapore (11.08 per cent), Morgan Stanley Investment Management Inc (7.31 per cent) and Societe Generale (5.55 per cent)

Hijacking bankers to catch swindlers won't work, consolidate relationships

The biggest victim is a state-dominated banking system that recoups very little from insolvent companies

Reserve Bank to transfer Rs 57,128 crore as dividend to the Union govt

The government had budgeted Rs 60,000 crore as dividend to bridge its fiscal deficit

US regulator SEC probes ICICI Bank for asset classification gaps

Bank says allegations weren't material to financial statements for FY20

Banks have opportunity to tap into rural sector in post-Covid world: Ghosh

Bandhan Bank has already disbursed around Rs 3,500 crore in rural locations last month, Ghosh said during a webinar organised by the MCCI

State Bank of India targets 3x growth in retail, MSME gold loans

Cheap deposit money, which helps offer low lending rates, gives banks the edge over gold loan companies

Indian Bank reports PBT of Rs 614.22 cr in Q1, operating profit rises 23%

The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank)

Bank credit up 5.5% to Rs 102.65 trillion, deposits rise 11.1%: RBI data

On an year-on-year (YoY) basis, non-food bank credit growth was at 6.7 per cent in June 2020

Unlock BFSI 2.0: Covid-19 a bigger boost for fintech than demonetisation

While top fintech experts agree that there are more opportunities than challenges for the sector, they underline the importance of digital literacy and customer awareness in rural India

Tamil Nadu bank branches to work with 50% staff under new guidelines

Move follows objection and strike threat by unions over earlier instruction calling for 100% attendance

Centre may empower public sector banks to induct non-executive directors

Recommendations of P J Nayak Committee could see the light of day

Even with Covid, our fresh slippages will be in control: SBI chairman

We believe most customers would start paying EMIs from September as the moratorium comes to an end, said Rajnish Kumar

RBI slaps Rs 10 lakh fine on 4 cooperative banks for violating norms

The RBI on Thursday said it has imposed a total penalty of Rs 10 lakh on four cooperative banks for deficiencies in regulatory compliance.

Lot has been done, but best of HDFC Bank yet to come, says Aditya Puri

Puri expressed satisfaction that he was passing on the baton to Sashidhar Jagdishan, who is the "worthiest person" to lead the bank

City Union Bank reports 17% decline in net profit at Rs 154 cr in Q1

The bank had posted a net profit of Rs 185.65 crore in the corresponding period of the previous fiscal, CUB said in a regulatory filing

Explained: How Modi's tax reforms will benefit both taxpayer and I-T dept

Your guide for Modi's taxpayers' charter and its benefits

PM Modi announces charter for 'fair, courteous' tax collection

"With faceless assessment, the taxpayer is assured of fair, courteous and rational behavior. Taxpayers charter is also a big step in the country's development journey," PM said

HNIs, family offices buy corporate bonds at high yields, reap benefits

The yields of some prominent companies are still at very high levels and high net-worth individuals and family offices, who are lapping up these bonds at very attractive rates, are reaping the benefit