Page 2 - Abhijit Lele

We open 65,000 savings accounts a day, says SBI Chairman CS Setty

He says SBI is comfortable with liquidity with overall credit deposit ratio at a modest 68 per cent and the aim is to maintain incremental CD ratio at 100 per cent

SBI's business may hit Rs 100 trillion in FY26, says Chairman CS Setty

Sets three-year horizon for achieving net profit of Rs 1 trn per annum

Fitch revises outlook on Azure Power Energy to negative; affirms 'B' rating

AGPL is the holding company of Azure RG3

Moody's and Fitch take rating action against Adani group companies

The rating action by Moody's, Fitch, and earlier S&P Global may weaken the group's access to external funding and increase its capital costs

Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment

The US credit rating agency places three Adani entities under Rating Watch Negative status

State Bank of India to channel $1.5 billion in global book in 4 months

In rupee terms, SBI's gross advances in its international book grew by 11.56 per cent year-on-year (Y-o-Y) to Rs 5.88 trillion

MFIN to further tighten norms for micro-loans from January 2025

Reduces MFIs per borrower to three from four

Adani US Indictment: Banks' risk management units begin stock-taking

May escalate matter for board-level discussion

S&P Global revises its outlook on three Adani entities to 'negative'

S&P Global Ratings in a statement said US indictment of three board representatives of Adani Group entity could affect investor confidence in other group entities

ECBs net inflows rise to $7.9 bn in H1FY25 from $6.8 bn in H1FY24: RBI data

Analysis of the end-use of registrations showed that ECBs for import or local sourcing of capital goods were pegged at $1.3 billion in H1FY25, sharply down from $9.4 billion in H1FY24

US charges on Adani Group chief & others are credit negative: Moody's

Adani Group chairman Gautam Adani has been charged in the United States in an alleged bribery and fraud scheme amounting to $265 million

Gross FDI in India rises 25.7% in H1FY25; net FDI moderates to $3.6 bn

With rising global investments in artificial intelligence start-ups, India is well-positioned to leverage its rapidly growing AI ecosystem to attract further investments and stimulate innovation

Inflows in NRI deposits almost doubled to $10.2 billion in H1FY25: RBI

NRO deposits also saw inflows worth $ 2.19 billion from April-September 2024, compared to $ 1.88 billion during the same period a year ago

Axis Bank, Bank of India eyeing to raise funds through AT-I bonds

In FY25 so far, banks have raised Rs 8,000 crore through perpetual bonds. In comparison, banks raised Rs 20,706 crore in FY24 and Rs 31,394 crore in FY23

Lending rate cut still some time away: SBI Managing Director Vinay M Tonse

SBI MD says banks would look for monetary policy stance and policy rate action to decide actions

State Bank of India plans to open 300-400 branches a year in medium term

SBI had 22,640 branches at the end of September 2024, up from 15,870 in March 2014

BoI to attract high net-worth individuals to counter deposit woes: CEO & MD

Open to joint venture or inorganic acquisition of mutual fund unit

Fusion Finance stays in red with Q2 net loss of Rs 305 cr; GNPA hits 9.4%

Its impairment for financial instruments, that is credit costs, shot up to Rs 694.05 crore in Q2Fy25 from Rs 76.2 crore in Q2FY24 and Rs 348.47 crore in Q1FY25

Belstar Microfinance to prioritise consolidation over growth in coming qtrs

MFI's stressed loans rise sharply to 3.5% in September from 1.47%

Muthoot Finance Q2 results: Consolidated net profit up 21% at Rs 1,321 cr

Impairment on financial instruments grew sharply to Rs 420 crore in Q2 FY25 from Rs 81.14 crore in Q2 FY24