Page 366 - Finance News

IDFC First Bank's loans grow 24.8% YoY in Q2, deposits up 35.9% YoY

Retail business comprised 66.4 per cent of overall funded assets as of September 30, says private lender

YES Bank's Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark

The share of low-cost money, CASA , in deposits was 31.3% as of September 30, 2022

Weak financials, shaky management: What's wrong at Credit Suisse?

Credit Suisse's share price has fallen nearly 60 per cent in 2022, more than halving its market cap in just a matter of months

'Upper layer' NBFC tag for Tata Sons calls for a new compliance policy

Tata Sons will have to appoint a new chief compliance officer (CCO)

MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates

The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by customers.

PNB launches WhatsApp banking for customers and non-customers

The WhatsApp banking service will be available 24x7, including holidays, on both android and iOS-based mobile phones

Bank of Maharashtra's advances grow 29% to Rs 1.48 trn in Q2FY23

Public sector lender Bank of Maharashtra said its gross advances rose by 28.65 per cent to Rs 1,48,246 crore in the second quarter ended in September 2022

Bank holiday: In October, banks will remain closed for total 21 days

Starting today (October 3), the banks in some cities will remain closed for the entire week because of festivals

Further interest rate hike to hit real estate sector badly: Credai

A realtors' body said the rate increase was steeper than expected, but if any further rate hike is passed on to the home buyers, the employment-intensive real-estate sector will get adversely impacted

FinMin's special campaign in seven districts to deepen financial inclusion

Campaign will work to achieve saturation in respect of bank accounts, insurance/pension schemes; distribution of loans to FPOs, SHGs for setting up cold-chain infra, KCC penetration, among other thing

Gone with the loan: Indian travelphiles bank big on 'travel now, pay later'

Maldivian blues or Rajasthan's sand dunes? Keen on both, Rakesh Mandavaya had a budget for none. That's when he learnt of the travel now pay later' option offered by banks and fintech companies

CBDT targets resolving about 3,000 taxpayers' grievances by Oct-end

Sources in the tax department attributes it to the difficulties, taxpayers faced due to some glitches in the new portal since its inception in June of last year.

RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%

Inflation target retained at 6.7%; trajectory remains uncertain: Governor

67% of fall in forex reserves due to valuation changes: RBI governor Das

Das reiterated on Friday the RBI does not target any particular level for the domestic exchange rate and only intervenes in the market to smoothen out excessive volatility

Loan provisioning in banks: RBI for expected loss-based approach

Bankers say with low NPAs and high provisions, the time is ripe for global standards

Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI

Das says RBI won't make public the communication on failure of achieving target to govt

RBI repo rate hike to manage growth-inflation dynamics, say bankers

Bankers are of the view that a cautious monetary policy will help better address the risks of rising instability in the global economic and financial environment

Tata Sons, Bajaj Finance among 16 NFBCs put in RBI's upper layer list

HDFC, although qualified to be in the upper layer, has been kept out of the list as it is merging with HDFC Bank

Rupee fluctuations not a factor for MPC's consideration, says RBI

'Net LAF continues to be in surplus for the past two years, except for 2-3 days when because of SLF for the primary dealers it became deficit'

Banks can boost liquidity by drawing down on CRR: RBI governor Das

The fall in the liquidity surplus is owing to multiple factors, including the RBI's interventions in the forex market and a sharp pick-up in bank credit growth, which is currently at nine-year highs