Page 848 - Finance News

Govt says debt rollover risk will be low in next 5 years

The central bank's holding of sovereign debt also went up to 14.7% of the total stock as of March 2017

Monetary policy meet: Wary of inflation, RBI may keep policy rates on hold

In August, the RBI made its only cut in 2017, of 25 basis points, and in October, it held

ADIA picks minority stake in KKR India Financial Services

This is Abu Dhabi Investment Authority fourth investment in the Indian financial space

RBI has room to cut policy rate: Fitch

Says Q2 growth at 6.3% was weaker than expected

Before MPC meet, PM Modi advisor says RBI should cut rates

The six-member monetary policy committee's two-day meeting to decide on policy rates will start on Tuesday

Bank of Maharashtra launches share sale to raise around Rs 300 cr

Bank of Maharashtra, in a stock exchange filing, said it was launching the share sale

PNB gets shareholders' nod for raising Rs 5,000 cr from market

The bank has already appointed merchant bankers for the QIP and is expected to hit the market in the next few days

SBI to hide PAN info on tax refund envelopes after activist raises concerns

Activist Batra wrote to Urjit Patel, alleging that SBI was violating its directions on 'protection of customer's information' by sending crucial information

Finding solutions to digital payment problems

In case of incorrect transactions, banks and mobile wallets give some assistance. Things get tougher when there is a payment failure

Bank recapitalisation: PNB, 7 other PSBs to raise money from mkt by March

Plan includes floating recapitalisation bonds of Rs 1.35 lakh cr and raising Rs 58,000 cr from the market by diluting govt's stake

Vijaya Bank to raise Rs 1,300 cr via bonds in FY18

According to the bank's website, it had a network of 2,031 branches, 13 extension counters and 2,001 ATMs.

HDFC Bank expects double-digit loan growth in FY19 on credit expansion

After clocking just under 10% growth for almost a year, credit expansion fell to under 5% starting November 2016

RBI policy holds key to stock market this week

"For the week ahead, RBI (Reserve Bank of India) policy meet is the key event and market expects a status quo," said Vinod Nair, head of research, Geojit Financial Services.

RBI likely to keep interest rate on hold for second time in a row: Experts

The Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel, will meet on December 5 and 6.

Note the journey: 100 years of one rupee note

In 1940, the Rs 1 note was re-introduced with the status of a rupee coin

United Bank of India steps up turnaround efforts

Last year, the bank got back about Rs 1,200 crore through recovery

Depositors need not worry about losing money, say bankers

Some commentators have suggested that the Financial Resolution and Deposit Insurance Bill would take depositors' money to bail out banks and therefore, deposits are not safe

RBI likely to maintain status quo in December

However, weakness in the economic growth, as measured by the gross value added (GVA), could be a strong incentive to cut rates, but that would fan the inflation further

PNB follows SBI in raising bulk deposit rates

SBI raised interest rate on the shortest tenor deposit to 4.75% from 3.75%

Fitch may revise banks' rating if recapitalisation done early

The agency said has had a negative sector outlook on the country's banks for many years.