Page 62 of banking sector

This was before Friday’s hike in the repo rate of 50 bps.

Smaller PSBs take to undercutting in project finance market

Interestingly, quite a few PSBs – SBI, BoB and Canara Bank among them – have reported a sequential fall in…

August 8, 2022 05:15 IST

However, with some moderation in inflation and stabilisation of the currency, Khara expects that yields may also cool off in the second or third quarter.

Q1 earnings a mixed bag for PSBs

The bank may see some bad loans from the SME-restructured loans and has made provisions for the same. SBI’s gross…

August 8, 2022 02:00 IST

Punjab National Bank has increased its RLLR from 7.40% to 7.90%, while Bank of India’s RLLR stands at 8.25%, effective Friday.

Banks increase RLLR rates

ICICI Bank’s EBLR, which is pegged to repo rate, stands at 9.10%.

Updated: August 7, 2022 08:50 IST

HDFC files application with NCLT for merger of HDFC Investments, HDFC Holdings with HDFC Bank

HDFC Bank has already received in-principle approval from the Reserve Bank (RBI) for the merger with HDFC Ltd, among other…

August 6, 2022 21:47 IST

Indian Overseas Bank to raise 1,000 crore, says MD

“The bank is now looking at its capital front for the year. We may have to go and raise some…

August 6, 2022 21:15 IST

The Chennai-based lender had reported a net profit of Rs 327 crore in the April-June quarter of 2021-22.

IOB Q1 net profit rises 20 pc to Rs 392 cr

The bank’s total income declined to Rs 5,028 crore in the first quarter of 2022-23, as against Rs 5,607 crore…

August 6, 2022 18:56 IST

Costlier loans may not hurt credit demand, say bankers

Rajiv Anand, deputy MD, Axis Bank, said credit demand was unlikely to be hurt, adding that demand was coming in…

August 6, 2022 06:15 IST

He said banks have already started to pass on the hike in repo rates to their depositors and the trend is expected to continue.

Banks cannot perennially rely on RBI money to support credit offtake: Shaktikanta Das

This is the third hike in a row by the RBI since May this year in its fight against inflation…

August 5, 2022 17:19 IST

HDFC Bank says no need to pay off parent firm’s liabilities on day one of merger

The country’s largest private sector bank by balance sheet size is set to merge its parent mortgage lender Housing Development…

August 4, 2022 15:31 IST

AU SFB launches QIP with floor price of Rs 590.84

The SFB may offer a discount of not more than 5% on the floor price calculated for the issue, it…

August 4, 2022 08:44 IST

The bank posted 11% year-on-year (y-o-y) growth in loans in Q1FY23, catching up with the industry average of around 12-13%, after witnessing a fall in credit for five consecutive quarters in a row.

South Indian Bank aims to sustain double-digit growth in FY23: MD & CEO

The bank started by corporate lending by taking part in their short term products and has now graduated towards term…

Updated: August 4, 2022 17:50 IST

Data and analytics top priority for lenders for next 1-3 years: Report

The firm conducted survey of 164 senior risk decision-makers from banking, fintech, and non-banking lending organisations in India, Indonesia and…

August 3, 2022 08:05 IST

Our provisions for bad debt will fall in the coming quarters: Mahindra Finance MD Ramesh Iyer

Q1FY23 has been relatively benign in terms of asset quality performance for Mahindra Finance and credit costs could trend down…

August 3, 2022 04:00 IST

Payment banks rely on micro cash management services to boost profits

E-commerce retailers offering COD as a payment option to their shoppers and non-bank lenders, especially those in the microfinance segment,…

August 3, 2022 02:00 IST

Chola eyes 20-25% growth in disbursements in FY23

The aggregate disbursements of Chola in Q1 FY23 were at Rs 13,329 crore as against Rs 3,635 crore in Q1…

August 3, 2022 01:20 IST

RBI’s FI-index improves in 2022 across all parameters

The quality parameter includes aspects such as financial literacy, consumer protection, and inequalities and deficiencies in services.

August 3, 2022 00:20 IST

Bank of India Q1 profit falls 22% to Rs 561 crore

The bank’s capital adequacy ratio stood at 15.61% as of June 30 against 15.07% the year ago with tier-I capital…

August 3, 2022 00:10 IST

UPI Payment Charges | UPI Payment Charges News Update |

UPI transactions bounce back in July after slight dip

The RBI is already working with the Monetary Authority of Singapore towards linking UPI with PayNow.

August 2, 2022 18:35 IST

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Explainer: How SIM binding will disrupt your chats

Life43 min ago

The Indian government has ordered online messaging apps to link their services to SIM cards to prevent cyber frauds. This may inconvenience millions of users who rely on these apps for communication. The new rules require continuous SIM card verification, and if removed or deactivated, the app will stop working. The government hopes this will make chats traceable and reduce cybercrime.

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