Moody's upgrades outlook on Indian banking from 'negative' to 'stable'
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The deterioration of asset quality since the onset of the Coronavirus (Covid-19) pandemic has been moderate, and an improving operating environment will support asset quality, said Moody's
India lenders look for new-age talent to capture tech deals worth billions
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Technology-focused investment bankers in Asia previously focused on larger and more developed markets such as Japan and South Korea, and more recently, China
Equitas Small Finance Bank to raise up to Rs 1,000 crore via QIP
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Stock of the firm closed with a gain of about one per cent at Rs 67.3 per share on the BSE on Monday. Its capital adequacy ratio stood at 24.07 per cent at the end of June
RBI says longer policy support is needed for sustained economic recovery
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Earlier this month, RBI monetary policy committee kept interest rates steady at record lows and reiterated the need to unwind pandemic-era stimulus only gradually
Average cost for state debt across states plunges 27 bps to 6.72%
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Weighted average cost of borrowing across states has plunged 27 bps to 6.72 per cent from the previous week, but weighted average yield of the most-traded 10-year debt was unchanged at 6.97 per cent
RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection
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Regulator found that bank did not credit amounts involved in unauthorised electronic transactions (shadow reversal) and did not report cyber security cases within prescribed time
Indian Rupee settles 9 paise lower at 75.35 against US Dollar
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The rupee ended 9 paise lower at 75.35 (provisional) against the US dollar on Monday, tracking stronger greenback against key rivals overseas and rising global crude oil prices.
At the interbank forex market, the local unit opened on a steady note and later
Sri Lanka seeks $500 million loan from India for fuel purchase
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The move came few days after energy minister Udaya Gammanpila warned that the current availability of fuel in the country can be guaranteed only till next January.
Improved affordability, lowest-ever interest rate pushing home loan demand
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Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said.
Several major banks, mortgage companies and housing finance companies have significant
Dollar looks set to end week down, yen nears a 3-year low
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Global stock markets have rallied this week as fears about a stagflationary economy have been eased by forecast-beating corporate earnings in the United States.
RBI clears re-appointment of Amitabh Chaudhry as MD of Axis Bank
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The Reserve Bank on Thursday approved re-appointment of Amitabh Chaudhry as managing director of private sector Axis Bank for a period of three years.
The extended three-year term would be effective from January 1, 2022, Axis Bank said in a regulatory filing
Atleast 50% of retail, MSME loans to move to digital lending: Union Bank MD
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Close to 50 per cent of retail and MSME loans offered by banks will shift to digital lending platforms over next two to three years, Rajkiran Rai G said on Thursday.
PMC Bank fraud case: HC rejects Rakesh Wadhawan's medical bail plea
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The Bombay High Court refused to grant bail on health grounds to jailed businessman Rakesh Wadhawan, accused of money laundering in the multi-crore PMC Bank fraud case
UCO Bank chief A K Goel is new IBA chairman, succeeds Union Bank MD
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Banks Board Bureau had, in September, proposed Goel's for the forthcoming position of MD-CEO at Punjab National Bank. Centre to take final call on the appointment
Banks must be ready for fully convertible capital account: RBI Dy Governor
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Under fully accessible route, foreigners can have full access to specified securities; Over time, entire G-sec would be eligible for non-resident investment, says T Rabi Shankar
India on course for open access in its markets: RBI deputy governor
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RBI deputy governor T Rabi Sankar said there was an effort to liberalize foreign portfolio investor flows into Indian debt further with the introduction of the Fully Accessible Route
Strong forex reserves to help India manage global shocks: D Subbarao
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Strong foreign exchange reserves in India will not insulate it from any global shocks but will help manage them, former Reserve Bank of India Governor D Subbarao said on Wednesday
Dish TV board cites rules, rejects YES Bank's demands to hold EGM
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The lender, which holds 25.93% stake stake in Dish TV, had sought the removal of the firm's directors Jawahar Lal Goel and four others, and appointment of its own nominees
Rupee recovers 15 paise to 75.37 on weak dollar, lower crude prices
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The rupee on Wednesday rebounded by 15 paise to close at 75.37 against the US dollar following a rally in domestic equities and weak American currency in the overseas markets.
In addition, lower crude prices and a benign retail inflation in September also su
Rupee rises 26 paise to 75.26 against US dollar in early trade
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The Indian rupee appreciated 26 paise to 75.26 against the US dollar in opening trade on Wednesday, supported by positive macroeconomic data and a rally in domestic equity market
RBI authorises Karur Vysya Bank to collect direct taxes on behalf of CBDT
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Karur Vysya Bank said it has commenced the integration process with the Central Board of Direct Taxes to collect direct taxes on its behalf, following the approval it received from the Reserve Bank
Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis
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Kotak Mahindra Bank made it to the top 20 list with 17.5% gain in market cap, the highest among non-Chinese banks; ICICI Bank, HDFC Bank and SBI are the others in the list
RBI bars Srei Infrastructure auditor Haribhakti & Co for two years
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The audit firm, which is also a regular auditor of important banks, including state-owned banks, has been debarred under section 45MAA of the Reserve Bank of India Act
