Page 13 - Abhijit Lele

From ICICI to HDFC: S&P upgrades outlook on six Indian banks to positive

The rating agency said in a statement that India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system

Cosmos Co-operative Bank halts acquisitions; targets organic growth

So far, the bank has merged 18 small co-operative banks into itself

Bank credit growth to moderate to 14% in FY25 after robust growth: CRISIL

Higher risk weights, base effect, deposit challenge may weigh on growth

JM Financial ARC's capital adequacy falls below regulatory norms

Existing investors to infuse up to Rs 1,000 crore equity

Multinationals post 45.2% growth in net profit in FY23, shows RBI data

Post-pandemic improvement in margins boosts bottom line

Jio Financial Services arm plans Rs 36K crore deal with Reliance Retail

Reliance Retail is a step-down subsidiary of Reliance Industries Ltd. RIL holds 83.56 per cent in Reliance Retail Ventures Ltd

Indian firms' external commercial borrowing registration up 84% in FY24

Value doubles to $49.2 bn as firms raise capital for modernisation projects and infrastructure development

ICRA Q4 results: Net profit up 21.8% to Rs 47 cr, total revenue rises 13.7%

For financial year FY24, its consolidated net profit rose to Rs 152.24 crore up from Rs 136.72 crore in FY23

Net FDI declines by 62% to $10.5 billion in FY24, shows RBI data

At $10.58 billion, this is lowest net FDI into the country since 2007; Gross FDI stable at $71 billion

NRI deposit flows up 63.5% to $14.7 bn in FY24, the highest in 8 years

FCNR deposits were at $25.73 billion in March 2024, up from $24.90 billion in February 2024. This was higher than the $19.36 billion at the end of March 2023

Non-fintech online PAs: Firms may reconsider payment aggregator biz

This comes as Zomato Payments, the wholly owned subsidiary of food delivery platform Zomato, voluntarily surrendered the certificate of authorisation issued by the RBI

CMS Info Systems to bid for management contracts for 20,000 ATMs

In the managed services businesses, it has booked new orders of Rs 1,850 crore in FY24

2024 Lok Sabha elections: Infrastructure dominates Mumbai's discourse

Candidates woo voters amid a political tug-of-war for claiming credit for major projects

N Vaghul: Institution Builder and ex-ICICI Bank chairman passes away at 88

He was admitted at Apollo Hospital in Chennai two days ago after he fell and was unconscious. He is survived by his wife, daughter and son, family sources said

Credit offtake stays robust at nearly 16% in May, shows RBI data

The deposit mobilisation also saw an uptick at 13 per cent Y-o-Y growth against the 10.4 per cent on May 5, 2023, according to Reserve Bank of India (RBI) data

RBI action could increase business volatility for some NBFCs: Fitch

Firms' implementation of regulatory instructions varies, says ratings agency

State Bank of India hikes short term retail FD rates by 25-75 bps

Also hikes bulk deposit rates; other lenders may follow suit

HDFC Bank's IT expense 7% of total spending, says senior executive

Digital investments part of lender's 'transformation journey', says Parag Rao

Shriram Finance's HFC sale capital accretive, says S&P Global Ratings

Help to maintain 20 per cent year-on-year credit growth

India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25

The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024