Page 23 - Finance

Fixed deposit interest rates to go up again? RBI hits at another hike

In the bulletin, the RBI said that the Indian economy is unlikely to face any major repercussions from the ongoing global financial turmoil

UK learning from India's work in financial inclusion: London Lord Mayor

Scope for UK green finance investments in India, says Nicholas Lyons

Top headlines: UBS needs RBI nod for C-Suisse, windfall tax on oil slashed

Business Standard brings you top headlines at this hour

Credit Suisse collapse reveals ugly truths about Switzerland for investors

In the race to secure UBS Group AG's purchase, the govt invoked the need for stability and emergency legislation to override two key aspects of open markets: competition law and shareholder rights

Mundra petrochemical work suspended as finances not tied-up yet: Adani

Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat. Asked by stock exchanges to comment on a PTI report on Sunday that the group has suspended work on the project, AEL said, "The financial closure of the Green PVC project of Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration." Due to recent market developments, the management has decided to continue with the engineering design and other activities including financial closure in an accelerated mode, it said. "Pending the above, it has been deci

Anup Bagchi to take over as MD & CEO of ICICI Pru Life Insurance in June

Bagchi will replace N S Kannan, the current MD & CEO, who will complete his five-year term, and superannuate from service in June

US Fed's loans to provide $2 trn of liquidity in banking system: JP Morgan

The Bank Term Funding Program should be able to inject enough reserves into the banking system to reduce reserve scarcity and reverse the tightening that has taken place over the past year

BofA gets more than $15 bn in deposits after Silicon Valley Bank collapse

The inflows offer a first glimpse into deluge of deposits that made its way to the country's largest banks as customers fearful of a spreading crisis sought refuge in the firms seen as too big to fail

'Help us rebuild' deposit base: Silicon Valley Bridge Bank's new CEO

Mayopoulos said on a Tuesday conference call with clients that the future of the bank "is still being charted," and that the company could be recapitalized, taken over by a new owner or wound down

Silicon Valley Bank collapse: Benchmark yield slips the most in five months

SVB collapse likely to force Fed to go slow on rate hikes, say analysts

Beyond the Big Bank Theory: SVB collapse shows need for regulatory scrutiny

SVB now threatens the start-up ecosystem, which is already in the throes of a funding winter due to raising interest rates

SVB collapse brings Softbank's startup financing under investors' lens

Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem

SVB Crisis: What led to the collapse of start-ups' favourite bank?

What is the Silicon Valley Bank? What led to its collapse? Will customers get their money back? How will SVB's collapse hurt start-ups? Will SVB collapse hurt Indian banks? Read to find the answers

Govt sees negligible impact from Silicon Valley Bank failure: Officials

Startup sector may be face liquidity issues; exposure of Indian banks to SVB yet to be ascertained

Silicon Valley Bank crisis unlikely to affect Indian banks, say analysts

Have exposure to bigger banks only, not small ones: SBI chairman Khara

SVB fallout impact: Govts across globe stepping in to look for solution

Meity may meet advisory group on e-commerce and cyber laws; meanwhile US lawmakers rush to sell SVB assets and make portion of uninsured deposits available to account holders as early as Monday

Fintech outliers in the funding winter despite tough regulatory framework

According to Tracxn, which tracks start-up data, fund-raises by fintechs slowed in calendar 2022 to $5.65 billion, a drop of 47 per cent from the preceding year

Account aggregator framework set to change dynamics in retail finance scene

The AA framework is creating a huge marketplace - based on customers' consent for sharing data - for all manner of financial vendors

Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain

The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce

Finance, durables stocks see maximum FPI selling in last fortnight of Feb

Outflow from two of India's largest sectors in terms of market cap shows FPIs remain in 'sell' mode: Experts