Page 620 - Finance News

Asian Development Bank lists masala bonds worth Rs 850 crore on India INX

ADB's masala bonds are listed on both Luxembourg exchange and India INX

HDFC Bank aims to become go-to bank for start-ups with grants, platforms

Officials said the bank now has dedicated "SmartUp" zones in 70 branches in 30 cities across India

SBI stock basking in optimism; stakes too high to disappoint investors

Optimism on the stock is highest in 15 years; easing of corporate sector stress in Q3 gave the much-needed comfort

RBI receives Rs 1.23-trn bid for Rs 25,000-cr long-term repo operations

In the auction for three-year maturity liquidity operations made last week, the RBI had received bids worth Rs 1.94 trillion for Rs 25,000 crore on offer.

CRISIL downgrades PNB Housing Finance's deposits rating to 'AA+' from 'AAA'

PNB Housing's fund-raising ability has remained intact over the last 6-9 months and it is continuing to maintain high on-balance liquidity.

Banks facing slow credit offtake, flow to realty needs to improve: RBI Guv

Real estate developers, battling a prolonged slowdown in demand, are struggling to raise funds to construct or complete projects

Time for Int'l community to build new tax regime embracing digitization: FM

The finance minister emphasised on the need for a closer collaboration between revenue agencies to investigate tax affairs of offenders who cross-borders for escaping tax investigation, a tweet said

Rs 22,000 cr investments made in Andhra Pradesh since June 2019: State govt

Though oil giant Saudi Aramco was supposed to be a largest investor, particularly in the PCPIR in Visakhapatnam, it went away to Maharashtra

Mega bank consolidation: Meeting April 1 deadline appears challenging

Even after Cabinet approval to the proposed mega merger plan, officials said, fixation of share swap ratio, shareholders consent and other regulatory approvals are expected to take at least 30-45 days

SBI to hold mega e-auction for 1,000 stressed assets to recover dues

The bank published the advertisement for the proposed auction in newspapers as well as the social media

Efforts of banks under PCA framework being monitored: RBI Governor

Currently, Indian Overseas Bank (IOB), Central Bank of India, UCO Bank and United Bank of India are under this framework

Customers will no longer get Rs 2,000 currency notes at Indian Bank ATMs

According to a circular issued by the lender's digital banking division on February 17, cash dispensation from Rs 2,000 currency cassettes would be disabled at all ATMs and cash recyclers on March 1

Larger balance sheet helps you give bigger loans: Indian Bank's Chunduru

'Indian Bank is strong in terms of business correspondents', said Chunduru

Ahead of IPO, SBI Cards sees fintechs, UPI as formidable competition

SBI Cards expects competition to intensify in future

IDFC First Bank to raise up to Rs 2000 cr in tier-II debt capital via bonds

Funded assets of the bank rose marginally to Rs 1.06 trillion in December 2019 from Rs 1.04 trillion a year ago

RBI approves Sunil Gurbaxani's appointment as Dhanlaxmi Bank MD and CEO

Gurbaxani is working with Axis Bank at present.

RBI unveils 5-yr financial inclusion strategy: Here're key recommendations

Under the national strategy, the committee has recommended new entrants to the financial system - eligible and willing to undergo any livelihood/skill development programme

HDFC Bank SME loan book doubles to Rs 1.48 trillion by December 2019

According to the RBI data, the system-wide SME loan book stood at Rs 15.7 trillion as of June 2019, up 10 per cent over the 12 months' period

IL&FS to seek lenders' approval for road asset sales through e-voting

The bid validity for five projects is set to expire on February 29

Axis Bank in talks to acquire significant stake in Max Life Insurance

Private sector lender Axis Bank has entered into an exclusive agreement with Max Financial Services and Max Life Insurance to explore a long-term strategic partnership with the life insurance arm