Page 93 of Banking

IDBI Bank calls AGM to seek nod for fund-raising

In December 2020, IDBI Bank had raised Rs 1,435 crore via qualified institutional placement. Life Insurance Corporation, which holds a…

May 27, 2022 00:30 IST

RBI surplus transfer lowest in a decade

The Reserve Bank of India (RBI) on Friday decided to transfer its FY22 surplus of Rs 30,307 crore to the…

May 21, 2022 05:15 IST

Punjab & Sind Bank’s net profit doubles to Rs 346 crore

Punjab & Sind Bank doubled its net profit for the quarter ended March 31, 2022, to Rs 346 crore. The…

May 20, 2022 05:00 IST

Embracing sustainable investing for good banking: ESG in BFSI

The pandemic, poverty, unemployment, rapid mechanization, and climate change are demanding an inclusive mindset and gigantic efforts to come up…

May 19, 2022 12:15 IST

Frauds in public sector banks dip 51% to Rs 40,295 crore; Cases not falling fast enough, says RBI

The country’s largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases.

May 15, 2022 15:26 IST

As RBI hikes interest rates by 40 bps, how expensive will EMIs be for borrowers? India Ratings explains

India Ratings said for a 15-year loan, a 50 basis points rate hike will increase EMI burden by upto 2.5…

May 9, 2022 15:27 IST

Credit growth tops Rs 10 lakh cr in FY22 driven by retail loans; inflation could play spoilsport: SBI Ecowrap

In FY 2023, credit growth is expected to remain positive, however the current inflation trends could play a ‘spoilsport’ as…

May 2, 2022 14:34 IST

BC Sakhi Yojana, emale labour force participation

Modi government’s BC Sakhi Yojana could boost women participation in labour force: SBI Research

Currently, in public sector banks, merely 2 per cent of women are banking correspondents, while in the private sector only…

April 26, 2022 14:58 IST

credit card, debit card, rbi, rbi new rule, online transaction, domestic transaction, credit card misconceptions, common credit card misconceptions, credit card payment, financial health, Credit limit enhancement, credit score

RBI’s new guidelines for credit, debit cards: NBFCs can now issue cards, and other key things to know

RBI’s new card issuance guidelines, effective from July 1, 2022, will apply to all the banks excluding payment banks, state…

April 22, 2022 16:43 IST

Loan assets securitised by NBFCs jump 43 pc to Rs 1.25 lakh crore last fiscal: Report

The amount of loans securitised by NBFCs (Non-Banking Financial Companies) and HFCs (Housing Finance Companies) in FY21 stood at Rs…

April 18, 2022 17:31 IST

“We will ensure you are duly informed of all relevant changes to your services and products, with adequate advance notice,” the letter said.

No immediate change to products, Citi tells customers

11 April 2022: The deal value of $1.6 billion (Rs 12,325 crore) is subject to renegotiation in such a scenario.…

Updated: April 11, 2022 09:52 IST

BankBazaar IPO plans: Mulls listing in 2023; seeks to hire 1500 employees to expand product offerings

BankBazaar narrowed its negative EBITDA margin in fiscal 2022 to 25 per cent from negative EBITDA margin of 51.5 per…

Updated: April 7, 2022 17:48 IST

HDFC Bank to become twice as big as ICICI Bank after merger with HDFC: S&P Ratings

“HDFC Bank Ltd.’s planned merger with its parent will boost the India-based bank’s market share and diversify its revenues,” S&P…

April 4, 2022 16:23 IST

‘HDFC finds home in family firm’: Here’s what HDFC chairman Deepak Parekh said on HDFC Bank merger

“After 45 years in housing finance, after providing 9 million homes to Indians, we have to find a home for…

April 4, 2022 14:28 IST

RBI Governor Shaktikanta Das for 100% self-sufficiency in banknote manufacturing

It is a boost to ‘Make in India’ initiative and it ensures that the entire requirement of banknote printing inks…

March 28, 2022 19:03 IST

Services partly impacted as some bank unions went on strike

Even operations of the country’s largest lender State Bank of India were by and large normal, according to the reports…

March 28, 2022 18:53 IST

New rating assignments in investment grades instruments improves: Report

The same had only a low 0.76 per cent of the rating universe being in the AAA-rated category, while 3.13…

March 28, 2022 18:35 IST

“Not much growth has happened in the current year as SME and wholesale banking were stagnant. Retail loans have not shown growth. Because of excess liquidity in the market, there is cheaper competition. In wholesale banking, there were a lot of premature closures and in SME, takeovers by bigger banks at lower rates,” he said.

CSB Bank advances likely to grow by 20-25% next fiscal

CVR Rajendran, managing director & chief executive officer of CSB Bank, told FE growth was elusive in FY22 because of…

March 18, 2022 00:30 IST

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Who is Jolin Zhu? World’s richest man Larry Ellison’s fifth wife, 47 years younger to him

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Oracle co-founder Larry Ellison, known for his lavish lifestyle and long list of wives, has surpassed Elon Musk as the world’s richest man with a net worth of $393bn. His current wife, Jolin Zhu, a 33-year-old Chinese native, comes from a wealthy background and holds a bachelor’s degree in International Studies. Ellison’s tumultuous love life includes five marriages.

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