Page 628 - Finance News

RBI raises short-term investment limit of FPIs to 30% from 20% of portfolio

FPIs will also be allowed to invest in exchange traded funds or ETFs that invest only in debt instruments, the RBI said.

Certain that some solutions will emerge to steady YES Bank: SBI chief

Kumar's statement follows speculation that the government, which controls SBI, may ask the lender to play a role in bailing out YES Bank

RBI raises investment limit for FPIs in government and corporate bonds

The short-term investment limit has now been increased from 20 per cent to 30 per cent in both the cases, the RBI said in a circular

Oriental Bank of Commerce Q3 profit jumps 39.11% to Rs 201.66 crore

Gross NPAs also fell to 12.64% from 15.82%

RBI to hold rates on inflation concerns, fiscal boost likely: Poll

The RBI was forecast to next cut rates by 25 basis points to 4.90% in the October-December quarter, according to the poll consensus

LIC's exposure to default debt instruments tops Rs 20,000 crore

The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.

Insurance covers that protect cos from cyber attacks, data thefts & frauds

Post the ransomware attacks of 2017, the demand for cyber insurance from the manufacturing sector has been on the rise," said Sanjay Kedia, CEO Marsh India Insurance Brokers

Axis Bank Q3 results: PBT down 8.03%, bad loan provisions fall 11.63%

The stock closed lower by 0.7 per cent at Rs 712.7 per share on BSE

Bank unions may go on indefinite strike from Apr 1 on wage settlement delay

The bank unions have called for a nationwide strike demanding to expedite the process of wage settlement due since November 2017

How Facebook's Libra prodded central banks to study digital currencies

The central banks of Britain, the euro zone, Japan, Canada, Sweden and Switzerland announced a plan to share experiences to look at the case for issuing digital currencies

Loan sale volumes touch Rs 47,000 crore in Dec quarter, says Icra

Abhishek Dafria, Vice President and Head - Structured Finance Ratings at ICRA, said the volume in Q3FY20 were low compared to estimated Rs 77,800 crore in Q3FY19

Irdai decides to defer implementation of IndAS in insurance sector

The regulator had planned to implement IndAS 117, which is an equivalent of IFRS 17, and IndAS 109 from April 1 onwards, but the IASB decided to amend IFRS 17

To enhance liquidity for NBFCs, HFCs, CII suggests easing of certain norms

Unlike banks, it said these types of companies do not have the repo window facility to borrow in times of need

Shikha Sharma retires as Axis Bank MD & CEO, Amitabh Chaudhry to succeed

Amitabh Chaudhry will be the new managing director and CEO of the bank with effect from January 1, 2019

In a surprise move, Shikha Sharma wants 7-month term as Axis Bank chief

She would be completing her third term as MD and CEO of Axis Bank on May 31

CEO Shikha Sharma wants only 7-month term as Axis Bank chief

The Axis Bank board has accepted her request for a shorter seven-month term (from June 1 to December 31, 2018), subject to the approval of RBI, the bank said in a regulatory filing

Axis Bank extends Shikha Sharma's term by three years

Her current term comes to an end in June 2018

Shikha Sharma refuses to spell out future plans as MD at Axis Bank

Reports of the Tata Group sounding her out have been making rounds in the industry

There's a standard process for senior appointments like Shikha Sharma: Axis

This comment comes after RBI asked Axis Bank to reassess the veteran banker's 4th term as CEO

New MD and CEOs for Bank of Baroda, Bank of India and Canara Bank

The government has appointed Sanjiv Chadha as the new managing director and chief executive of Bank of Baroda