Page 18 - Finance

IFC's stake will go up to 7.3% post infusion: Federal Bank's Srinivasan

"We have seen reasonably good growth and the outlook for growth remains quite constructive and positive. Now we must raise capital for funding the next wave of growth," said Shyam Srinivasan

Super luxury flat sales up 50% in Mumbai , Gurgaon home sells for Rs 50 cr

Increased demand from the Non-Resident Indian segment due to the strengthening of the US Dollar

S&P revises outlook on B'desh to negative; affirms 'BB-' long term ratings

Bangladesh's external vulnerabilities are rising, marked by sustained pressure on its foreign exchange reserves despite a material decline in the country's current account deficit

Rupee rises as Asian currencies appreciate, foreign inflows continue

The rupee opened at 81.71 per US dollar, tracking the rise in Asian currencies. The yuan fell to CNY 7.13, compared to 7.21 on Monday at the close of the Indian foreign exchange market

Govt told banks not to take harsh action against borrowers for loans: FM

Union Finance Minister Nirmala Sitharaman on Monday said both public and private banks have been instructed that harsh steps should not be taken when it comes to the process of loan repayment and that they should handle such cases with sensitivity. Sitharaman said this while making an intervention during the Question Hour in the Lok Sabha on a question related to repayment of loans taken by small borrowers. "I have heard complaints about how mercilessly loan repayments have been followed up by some banks. The government has instructed all banks, both public and private, that harsh steps should not be taken when it comes to the process of loan repayment and they should approach the matter with humanity and sensitivity in mind," she said.

J&K Bank Q1 results: Net profit jumps 96%, gross NPA ratio down to 5.77%

Gross NPAs for Q1FY24 stood at Rs 5103.68 crore, as compared to Rs 6982.02 crore in the corresponding period of the previous year

Will look at reverse merger if viable to shareholders: Utkarsh SFB MD & CEO

'During the last six years, we have created new verticals like MSME, affordable housing, and small corporates'

At Rs 1.5 trillion, FPI inflows to India since March 2023 highest globally

The second highest inflows were seen in Taiwan, which was less than $6 billion in the same time frame.

What are cashback credit cards? Which are the best ones? How to pick?

With a cashback card, you can get a direct value back on your credit card purchases.

Filing ITR? Don't forget to declare your income from other sources

Income from other sources includes earnings from freelance work, investments, rental properties, or any additional ventures.

Banks cautious over uncertainty around withdrawn Rs 2,000 notes

Lenders hesitate to deploy excess funds with the central bank due to uncertainty about the duration of recently withdrawn Rs 2,000 notes, affecting liquidity overall as loan demand remains strong

HDFC Bank allots over 311 cr shares to HDFC Ltd shareholders in share swap

HDFC Bank on Friday said it has allocated over 311 crore new shares of the bank to shareholders of merged entity HDFC Ltd. The share allocation was done as per the swap ratio announced as part of the composite scheme of amalgamation. As per the scheme, every HDFC shareholder has got 42 shares of HDFC Bank for every 25 shares they hold. "...accordingly, today HDFC Bank has allotted 3,11,03,96,492 new equity shares of Re 1 each of HDFC Bank in accordance with the share exchange ratio provided in the scheme, to/for such eligible shareholders of HDFC Limited who were holding shares as on the record date," the bank said in a regulatory filing. The said equity shares allotted would be listed on the stock exchanges and rank pari passu in all respects with the existing equity shares of HDFC Bank, it said. "Accordingly, the paid-up share capital of the bank will increase from Rs 559.17 crore consisting of 5,59,17,98,806 equity shares of Re 1 each to Rs 753.75 crore consisting of 7,53,75,69,

Missed Aadhar-PAN link deadline? Here are transactions you can still do

Even if your PAN card is no longer operative, there are certain financial transactions that can still be completed. These transactions, however, will result in a higher TDS and TCS

Barclays and Yes Bank raise India's inflation forecast as prices jump

Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation

Rupee's plunging volatility leaves foreign investors guessing RBI's moves

The RBI has added back $32 billion in reserves already this year as it absorbed foreign inflows to keep the currency steady, while its dollar forward book also climbed by around $10 billion

Travel credit card launched by IDFC FIRST Bank, Club Vistara, & Mastercard

The card will offer Club Vistara points, lounge benefits, annual rewards, golf benefits, and cover for cancelled flight and hotel bookings

PE investments down 61% in India, here are the top ten deals of 2023

Private equity investments in India dropped 61% during the first half of 2023 compared to the same period in 2022, with sum of equity invested amounting to US$6.1 billion.

What are FPIs and mutual funds buying and how should you ride the bull run?

Market rally turning broad based in terms of number of stocks outperforming the benchmark index

Visa to Rupay: From October 1, you can port your credit, debit cards too

Currently, when you apply for a debit or credit card, you usually don't get to choose the network provider as it is decided by the card issuer.

Banks, consumer cos to brighten earnings in India amid IT uncertainties

India's banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets