Page 3 - Subrata Panda

Be vigilant for concentrations in biz models: RBI Guv Das to bank boards

Says need to curb unethical practices such as mis-selling of products

SBI raises $500 million through 5 year bonds from international investors

State-owned lender also raises Rs 10K cr through 15-yr infra bonds at 7.23%

Piramal Capital seeking counterbids to sell Rs 702 cr of bad loans

Counterbids for the two pools of bad loans are being invited separately by the non-banking finance company, with the condition that all bids must be on a "full cash" basis

Canara Bank classifies RCom and its subsidiary as 'fraud' accounts

The accounts were reported as "fraud" by the lender to the Reserve Bank of India (RBI) on September 18

New surrender value norms: Life insurers turn to policies with high value

Despite the fall in number of policies, the new business premiums of life insurers grew in double digits

Deposit growth equals credit in November 1 fortnight, shows RBI data

Credit growth has exceeded deposit growth since the fortnight ended March 25, 2022, leading to a widening gap that reached as much as 700 basis points

NHB raises Rs 3,830 cr through 10-yr bonds at 7.14%; gets 'AAA' rating

The coupon rate is the rate of interest that the entity will pay to investors

National Housing Bank raises Rs 3,830 cr through 10-year bonds at 7.14%

NHB received bids worth Rs 4,950 crore at a coupon of 7.16 per cent and Rs 4,310 crore at a coupon of 7.15 per cent

Economists say MPC's rate cut in February may not be a done deal

Inflation hit a 14-mth high of 6.2% in Oct, breaching MPC's upper tolerance band

SBI looks to raise Rs 10,000 crore through 15-year infra bonds next week

SBI has previously raised Rs 20,000 crore in infrastructure bonds in the current financial year FY25

SME, agri, corporate may take SBI loan growth past industry average

Xpress Credit portfolio, which declined in Q2, also expected to rebound

IRFC retains Rs 1,415 crore at 7.14% through 15-year maturing bonds

India's 10-year government security (g-sec) yield closed at 6.82 per cent on Monday

Punjab & Sind Bank seeks bids to sell Rs 403 cr bad loans in 9 accounts

Out of the nine accounts put up for sale by the lender, two accounts - Diksha Greens and Star Bazar Group - have been classified as "fraud" accounts, and only ARCs can bid for these accounts

BS BFSI Summit: RBI action on some NBFCs warranted, says K V Kamath

Kamath said that the Reserve Bank of India's action on unsecured lending and non-banking finance companies (NBFCs) was warranted

Time to open up insurance sector for 100% FDI: Irdai chief Debasish Panda

Panda spoke about the transformation the industry has undergone since he took over and what is next in store.

BS BFSI Summit: Indian data not yet ready for AI decade, say CTOs

As technology continues to advance, CTOs face the constant pressure of adopting cutting-edge solutions while adhering to stringent industry standards and safeguarding sensitive customer data

Interest rates not primary driver of deposit growth for private lenders

Top executives from private sector banks were in a conversation with Tamal Bandopadhyay at the Business Standard BFSI Insight Summit 2024

NARCL eyes acquisition of stressed loans in Bareilly, Mumbai Metro One

The consortium of lenders includes Punjab National Bank, India Infrastructure Finance Company (IIFCL), Bank of Baroda, Indian Overseas Bank, and Union Bank of India

Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months

Meanwhile, the outstanding CD ratio has moderated to 79 per cent from 80.3 per cent in March 2024

Bharti Telecom raises Rs 11,150 crore via bonds to fuel investment goals

REC looking to raise Rs 6,500 crore this week