Page 78 of Banking

Airtel Payments Bank to exit FY23 with over Rs 1,300-cr revenue

Airtel Payments Bank, Bharti Airtel’s fintech arm, will likely clock over Rs 1,300 crore in revenues in FY23, a year-on-year…

March 20, 2023 03:15 IST

New age firms unwilling to comply with rules at times: Shaktikanta Das

The RBI had directed PSOs to implement an ODR system for disputes and grievances related to failed transactions in their…

March 19, 2023 03:15 IST

Digital lenders disbursements zoom 147% in October-December

The disbursement volume of digital lenders has risen 147% year-on-year to 18.3 million in October-December, according to a report by…

Updated: March 18, 2023 09:10 IST

Bank of Baroda unveils co-branded debit card under Tamil Nadu govt scheme for girl students

Bank of Baroda has partnered with the Tamil Nadu government to offer co-branded RuPay Platinum Debit Card in the state…

March 17, 2023 18:09 IST

Co-lending pacts between NBFCs gaining traction

These include segments like home loans, two-wheeler loans, commercial vehicle loans, microfinance loans, gold loans and MSME loans. We are…

March 17, 2023 01:30 IST

ICICI Prudential Life approves Anup Bagchi's appointment as new MD & CEO, Kannan to complete tenure in June

ICICI Prudential Life approves Anup Bagchi’s appointment as new MD and CEO, Kannan to complete tenure in June

Bagchi, presently non-executive director of the life insurance company, has been appointed as the MD & CEO for a period…

Updated: March 17, 2023 12:41 IST

Vedanta, Omar Davis, appointment, strategic initiatives, banker, investment banking, growth vision, financial partners, stakeholders, semiconductors business

Vedanta resources repays $100 million to Standard Chartered Bank

VRL is the parent company of Indian mining major Vedanta, which holds a 65% stake in Hindustan Zinc.

March 16, 2023 00:25 IST

Liquidity may continue to remain tight, say experts

The tight liquidity conditions are likely to remain going ahead, as central banks remain focused on removing excess liquidity from…

March 16, 2023 00:15 IST

Silicon Valley Bank, Silicon Valley Bank news, Silicon Valley Bank Collapse

Lessons from the SVB debacle Premium Story

SVB’s collapse makes it clear that startups should focus on their domiciles, and Indian regulators must facilitate easier conduct of…

Updated: March 15, 2023 08:07 IST

SVB Collapse Updates: Biden promises stricter regulation, HSBC purchases UK arm for £1, Fed outlook, more

State regulators closed New York-based Signature Bank on Sunday. “Your deposits will be there when you need them,” stated U.S.…

Updated: March 14, 2023 09:43 IST

Yes Bank tanks 13% as lock-in period expires

In March 2020, a consortium led by State Bank of India (SBI) infused Rs 10,000 crore into Yes Bank in…

March 14, 2023 05:30 IST

Explainer: The Silicon Valley Bank Collapse

Silicon Valley Bank (SVB), which collapsed last week, was a hit as a banking partner among tech startups, especially in…

March 14, 2023 04:45 IST

The SVB tremor

It is surprising that the Fed didn’t keep a closer watch on investments by banks in a rising interest rate…

March 14, 2023 03:15 IST

Analysts shrug off IndusInd Bank MD tenure worries

Shares of IndusInd Bank fell nearly 8% intraday on Monday in the aftermath of the SVB collapse, which made bank…

March 14, 2023 02:30 IST

UK gilts on track for mammoth gain in wake of SVB collapse

British government bonds on Monday were on track for their biggest one-day price gain since the day the Bank of…

March 13, 2023 20:27 IST

Your deposits will be there’ – Joe Biden assures Americans after SVB’s stunning collapse spooks investors

President Joe Biden on Monday told US residents that the nation’s financial systems are sound, following the swift and stunning…

March 13, 2023 19:26 IST

banks, Indian banks, local deposit, Silicon Valley Bank, SVB crisis, lenders, investment, Financial companies, loan growth, margin compression, Jefferies, household savings

Banks in India stand out amid SVB crisis with large reliance on local deposits, says Macquarie

Financial companies in India outperformed regional peers Monday as Jefferies Financial Group Inc. echoed Macquarie’s outlook.

March 13, 2023 12:08 IST

Silicon Valley Bank depositors saved, will have access to ‘all their money’ starting Monday

“The depositors will have access to all their money starting Monday, that is, March 13. No losses associated with the…

Updated: March 13, 2023 08:34 IST

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DoT signals stricter rules for satellite spectrum sharing amid interference concerns

Business3 hr ago

The DoT is planning to enforce stricter regulations for spectrum sharing in the satcom market to prevent interference. TRAI suggests assigning spectrum through administrative allocation with a 4% annual levy. As technology and scale increase, industry players believe satcom service prices will decrease. Rules must also be designed for future scenarios as there are currently no incumbent operators.

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