Page 19 of Banking

Insurance cover, bank deposits, banking, India Ratings & Research, CASA, department of financial services, DFS, New India Co-operative Bank, NICB

Insurance cover for bank deposits to be raised

On February 13, the RBI prohibited NICB from issuing new loans and suspended deposit withdrawals for six months and superseded…

February 18, 2025 04:00 IST

Banks, microfinance, Banking, BFSI, NBFC, MFI, microfinance loans

Banks expect microfinance delinquencies to ease from next quarter

To safeguard borrowers from excessive interest rates and coercive recovery tactics, the Karnataka government has promulgated the Karnataka Micro Loan…

February 18, 2025 01:45 IST

ARC, retail bad loans, banking, banks, BFSI, security receipts, SR, personal loans, microfinance

ARCs see spike in retail bad loans amid unsecured debt stress

The total issuances of security receipts (SR) in the first nine months of FY25 stood at Rs 3.02 lakh crore…

February 17, 2025 01:30 IST

Karnataka, CREDAG, MSME, banking, MFI, Credit Access Grameen, CREDAG, NPA

Credit Access’ Karnataka crisis

Although the lender has been around for 25 years, it is heavily dependent on microfinance loans which make up 90%…

February 17, 2025 01:15 IST

G-secs, corporate bonds, bonds, banking, RBI, banking, non-banking financial companies, NBFCs

Spread between G-secs, corporate bonds widens

Earlier, the OMO purchase was worth around Rs 60,000 crore but on examining the liquidity conditions, the regulator decided to…

February 17, 2025 00:30 IST

TradeCred files EOW complaint against B2B startup Bizongo over fraud allegations

New India Cooperative Bank Scam: Hitesh Mehta and Dharmesh Paun remanded to police custody until Feb 21

The scam saw Rs 112 crore misappropriated from the Prabhadevi branch and Rs 10 crore from Goregaon.

February 16, 2025 16:11 IST

RBI governor, NBFCs, banking, banks, Reserve Bank of India, RBI, Microfinance Institutions Network, MFIN, finance

RBI governor tells NBFCs to ensure fair treatment of customers

The governor asked the NBFCs to further their contribution towards financial inclusion, urged them to become part of unified lending…

February 14, 2025 02:15 IST

Piramal Enterprises, Piramal Capital, RBI, NBFC-ICC, housing finance, capital infusion

Higher provisioning hits NBFCs in Q3

The unsecured loans and microfinance segments, accounting for about 23% of the overall AUM of the industry, are expected to…

February 14, 2025 01:30 IST

RBI, RBI MPC, repo rate, interest rate, February meeting, December meeting, Shaktikanta Das, Sanjay Malhotra, inflation projection, GDP growth, rate cut, liquidity, capex, domestic demand

RBI caught in a cleft

RBI governor Sanjay Malhotra said after the monetary policy meeting on Friday that the apex bank was committed to provide…

February 13, 2025 02:00 IST

IDBI Bank, government, LIC, disinvestment, stake sale, private sector bank, Share Purchase Agreement, banking sector, banks

IDBI Bank bidders doing due diligence, says govt

In the event of a bank winning the bid to acquire IDBI Bank, the promoters would be given reasonable time…

February 11, 2025 03:00 IST

SBI, banks, banking, State Bank of India, current account-savings account, CASA, NIM

SBI aims to better CASA ratio to 40% to lower funding cost: Setty

The NIM of the lender shrank to 3.15% in Q3FY25, from 3.27% in the second quarter, and 3.34% in the…

February 10, 2025 05:30 IST

RBI, Sanjay Malhotra, anti-money laundering, terrorism financing, financial system, public-private partnerships, artificial intelligence, machine learning, blockchain

Banks prefer cheaper Treps to call market

To overcome the problem of lack of information, the RBI in the December policy proposed a new benchmark, secured overnight…

February 10, 2025 01:30 IST

RBI cuts to the chase

Forward contracts in government securities will be introduced to help long-term investors such as insurance funds manage their interest rate…

Updated: February 8, 2025 16:17 IST

LCR, ECL, Reserve Bank of India, RBI, Icra, liquidity coverage ratio, banking, banks

LCR, ECL regulations deferred

Under project finance guidelines, banks were required to set aside 5% as provisions for loans given for infrastructure and real…

February 8, 2025 05:30 IST

Banks, Indian banks, Banking, BFSI, local currency trade, Special Rupee Vostro Accounts, SVRO

Banks from 30 countries open accounts with Indian banks for local currency trade

In December 2023, the Foreign Exchange Management (Manner of Receipt and Payment) Regulations were revised to enable cross border transactions…

February 8, 2025 02:15 IST

banks, banking, RBI, VRR, Reserve Bank of India, TDS, tax deducted at source, GST

Banks bid for twice the notified amount at 56-day VRR auction

In January, the RBI announced measures like open market operation purchases, 56-day VRR and buy/sell swap to ease the prevailing tight…

February 8, 2025 01:00 IST

RBI Policy: Banks have to change their internet domain name to ‘bank.in’! But why

To strengthen security further, the RBI will extend the additional factor of authentication for digital payments to online international transactions…

February 7, 2025 11:15 IST

SBI, banking, market, State Bank of India, CASA, Gross NPA ratio, net interest margin, NIM, banks

SBI PAT up 84%, beats estimates

Domestic term deposit has shown a sharp growth of 13.47% y-o-y Rs 30.49 lakh crore in the October-December quarter.

February 7, 2025 05:45 IST

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‘It’s not just a piece of paper, it’s a launchpad for growth,’ says Keir Starmer

India News31 min ago

British PM Keir Starmer, during his maiden trip to India, believes that the India-UK free trade agreement has great potential and will act as a catalyst for growth. India’s expected rise to the third largest global economy by 2028 makes it a lucrative market for British businesses. Starmer, accompanied by 125 business leaders, aims to enhance bilateral relations.

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