Banking & Finance Goldman Sachs names Raghav Maliah as global chairman of investment banking, memo shows Banking & Finance
FM Nirmala Sitharaman reviews performance of 10 regional rural banks in the South, emphasises digital expansion
Banking sector to remain resilient as performance normalises after highs seen in FY2023-24, says ICRA
NBFCs to rely more on funding from banks, cost may rise: Report “The borrowings of non-bank finance companies (NBFCs) could get skewed to banks in FY23, given the hardening of rates in… By PTIJuly 13, 2022 19:27 IST
Changes in current account rules helped private banks increase penetration in cash management space: Survey The survey also came up with rankings on large corporate banking for lenders, which showed public sector State Bank of… By PTIJuly 13, 2022 19:07 IST
Banks revise foreign currency deposit rates in response to RBI relaxation last week HDFC Bank revised FCNR on USD deposits for tenure of 1 year to less than 2 years at 3.35 per… By PTIJuly 13, 2022 16:27 IST
RBI declines banks’ proposal on treasury loss provisioning The lack of a dispensation will hurt public sector banks (PSBs) more, given their higher holding of government securities of… By Shritama BoseJuly 13, 2022 05:25 IST
RBI slaps Rs 1.68-crore fine on Ola Financial Services The RBI had issued a notice to the company to show cause and after considering its response, the central bank… By FE BureauJuly 13, 2022 01:20 IST
HFC loan portfolio seen growing by 12% in FY23 HFCs are gaining market share in the housing portfolio market as compared to banks due to a higher growth in… By FE BureauJuly 13, 2022 00:45 IST
Banks to report Rs 13,000-crore MTM losses in Q1 on rising bond yields: Icra The effect of the treasury losses will be felt more by public sector banks as they hold a higher share… By FE BureauJuly 13, 2022 00:15 IST
RBI approves appointment of Meena Hemchandra as part-time chairman of Karur Vysya Bank In May, the bank had recommended Hemchandra’s candidature for the position of non-executive independent (part-time) chairperson of the bank to… By PTIJuly 12, 2022 16:11 IST
Paytm loan disbursements jump 779% in Q1 On the payments side, the company processed gross merchandise value (GMV) of Rs 2.96 trillion in Q1FY23 — an increase… By FE BureauJuly 12, 2022 04:45 IST
User consent must for UPI apps to collect location data, directs NPCI The guidelines shall be applicable where the customer is a person initiating transactions and will apply to domestic UPI transactions… By Shritama BoseJuly 12, 2022 04:30 IST
As BNPL comes under scrutiny, Multipl’s ‘Save Now Buy Later’ model gains traction Multipl’s solution for smart spending is essentially an antithesis of the ‘Buy Now Pay Later’ (BNPL) trend. By Salman SHJuly 12, 2022 02:15 IST
SBI hikes FCNR(B) deposit rates by up to 105 bps Rates on one-year deposits denominated in pound sterling were raised 25 bps to 2%, in Canadian dollar by 50 bps… By FE BureauJuly 12, 2022 01:30 IST
Top AMCs lose market share in equity segment The market share of these AMCs in the pure equity category has declined to 46%, the lowest in the previous… By FE BureauJuly 12, 2022 00:45 IST
BoB hikes MCLR, BoM cuts the same The move comes at the time when most banks have been increasing their MCLR after the Reserve Bank of India… By FE BureauJuly 12, 2022 00:05 IST
RBI OKs international trade settlement in Indian rupees, to make INR more tradable globally For settlement of trade transactions, the concerned banks will require Special Rupee Vostro Accounts of correspondent bank/s of the partner… By PTIUpdated: July 11, 2022 20:28 IST
Credit growth expected to improve aided by govt’s push on public spending The GNPA ratio hit a six-year low of 5.9 per cent in FY22 but remained above the pre-asset quality review… By PTIJuly 11, 2022 17:18 IST
NBFCs, HFCs securitisation volumes almost doubled to Rs 33,000 crore in April-June: Report The growth in volumes reflects a 1.9 times increase when compared to Rs 17,200 crore of securitised assets in Q1… By PTIJuly 11, 2022 16:35 IST
Paytm Apr-Jun loans disbursal jumps 9-fold to Rs 5,554 cr; hits Rs 24,000 cr annual run rate The company had disbursed 14.33 lakh loans worth Rs 632 crore in the year-ago period. By PTIJuly 11, 2022 10:43 IST
GST Rates on Tobacco Products 2025: Is it applicable on pan masala, gutkha, beedi, and other related products?
