Page 68 of Banking

The bank announced that it would halt plans to develop digital-asset and cannabis industries

Fed brings enforcement action against FTX-linked Farmington State Bank

The Federal Reserve Board issued a cease-and-desist order against the firms

August 18, 2023 14:21 IST

High cost of funds, rapid growth stay concerns for SFBs

RBI issued guidelines for small finance banks in November 2014, with an aim to provide financial assistance to the under-served…

August 18, 2023 04:50 IST

Indian banks financial express, banking financial express, fitch financial express, financial express, banking news

Indian banks’ operating environment, capital buffers stronger – Fitch

With Indian banks shoring up their capital buffers and cleaning up their balance sheets following the pandemic, their gross non-performing…

August 16, 2023 15:43 IST

Punjab & Sind Bank plans to double ATM network to 1,600 in next two years

State-owned Punjab & Sind Bank plans to double its ATM network to about 1,600 in the next two years to…

August 15, 2023 17:52 IST

RBI to launch pilot for public tech platform on August 17

The Reserve Bank of India (RBI) on Monday said it will launch a pilot project on the public tech platform…

August 15, 2023 01:30 IST

December may see banks switch to five-day workweek

Govt talking to industry and bank managements to address their concerns.

August 14, 2023 05:15 IST

Rising credit-to-deposit ratio may pose problems for some banks

The CD ratio of state-owned banks rose 420 basis points year-on-year(y-o-y) to 69.8% as on March 31, the report showed.

August 14, 2023 03:45 IST

RBI latest news, Reserve Bank of India latest news, RBI raises per transaction limit for UPI Lite, UPI latest news, Latest news

RBI raises per transaction limit for UPI Lite to Rs 500 from Rs 200 to promote digital transaction

Presently, a limit of Rs 200 per transaction and an overall limit of Rs 2,000 per payment instrument has been…

August 10, 2023 13:09 IST

Overdrafts against fixed deposits on the rise, say senior bankers

OD against FD is one of the quickest and cost-effective ways to borrow money from a bank without any premature…

August 9, 2023 00:15 IST

Top highest-paid Indian bank CEOs in FY 2023; here’s a look at their salaries and education

Sashidar Jagdishan saw a significant increase of more than 62% in his remuneration in fiscal year 2023, reaching Rs 10.55 crore

Updated: August 8, 2023 14:49 IST

Indian private credit funds, Kotak Alternate Assets Managers , Edelweiss Alternatives , Rattan India Power, Shapoorji Pallonji

Indian private credit funds rush to fill gap left by banks

Kotak Alternate Assets Managers (KAAM), Edelweiss Alternatives Asset Advisors, InCred Alternative Investments and Vivriti Asset Management are all looking to…

August 8, 2023 12:51 IST

Banking sector remains on a strong footing, as outlook for earnings remains strong

As assets re-price faster than liabilities, banks witnessed sharp uptick in NIMs in a rising rates environment until FY23.

August 7, 2023 04:40 IST

RBL stake buy to help understand banking more, says M&M MD

There are no plans to invest in any other banks.

August 5, 2023 02:10 IST

Mastercard launches CVC-less payments for tokenised credit, debit cards

CVC is the three-digit number printed on the back of debit and credit cards. According to the Reserve Bank of…

August 4, 2023 02:32 IST

Kotak combines alternate funds, advisory into $18-billion unit

Kotak Alternate Asset Managers to be the largest asset manager in India.

August 4, 2023 01:15 IST

Small, mid-sized NBFCs may woo private equity investors

Velonie attributed this to the fact that NBFCs have focussed on bolstering liquidity, capital and provisioning buffers to reinforce their…

August 3, 2023 00:05 IST

rbi, reserve bank of india, sectoral deployment, bank loan to MSME, msme loan share in non food credit, bank credit to micro and small enterprises, msme loans, msme npas

RBI likely to maintain status quo on interest rates: Experts

In the previous bi-monthly policy reviews in June, the benchmark rate was retained.

August 2, 2023 19:42 IST

M&M Finance aims to reduce GNPA by 100 bps

“We don’t see any build-up of NPA and if things continue in the same vein, we will believe that 3%-3.25%…

August 1, 2023 06:00 IST

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Lukewarm listing: Trualt Bioenergy IPO lists at 10% premium

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Trualt Bioenergy’s IPO debuts at a 10% premium on the NSE and 10.88% on the BSE. The company raised Rs 839.28 crore through the issue, with a price range of Rs 472-496 per share. Retail investors had to apply for a minimum of 30 shares, while small and large non-institutional investors had to apply for 14 and 68 lots, respectively.

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