Banks' NPAs stable in June qtr, look manageable; IBC needs improvement: Das
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Reserve Bank Governor Shaktikanta Das on Thursday said the stressed assets situation «looks manageable» as the stock of gross NPAs remained stable even after the second wave of pandemic
Securitisation volumes to jump 50% to Rs 1.3 trillion in FY22: Report
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Icra on Thursday said domestic securitisation volumes are expected to be higher in the second half of the fiscal, which will result in a 40 per cent jump in overall volumes to Rs 1.3 trillion in FY22
Axis Bank lists $600-mn AT-1 sustainable bonds on IFSC exchanges
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Axis Bank has listed its $600 million Additional Tier 1 (AT1) sustainable bonds on IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT).
Bank of Baroda's launches one-stop digital platform 'bob World'
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State-owned Bank of Baroda on Wednesday announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof
RBI enhances scope for card-tokenisation services to improve security
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The Reserve Bank of India (RBI) on Tuesday enhanced the guidelines on card tokenisation services to improve the safety and security of the payment system.
HDFC Bank signs pact with NSIC to provide credit support to MSMEs
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HDFC Bank on Tuesday said it has signed a pact with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector.
Under this, the country's largest private sector bank will also provid
RBI scraps one-click purchases from Jan 1; all stored details to be purged
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All stored card details have to be purged. Card issuers, such as banks, will provide tokenisation services for their own cards, and card networks to be responsible for seeing all rules are followed
Faceless assessment: Rules for authentication of e-records submission eased
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The finance ministry on Tuesday said electronic records submitted through registered account of taxpayers in the income tax portal shall be deemed to have been authenticated by the taxpayer by EVC
Rupee plunges 32 paise to close at 73.42 against US dollar
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The rupee plunged by 32 paise to close at 73.42 (provisional) against the US dollar on Tuesday, tracking a strong American currency in the overseas market and muted trend in domestic equities
India Post Payments Bank, LIC Housing tie up to sell home loans
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India Post Payments Bank (IPPB) has joined hands with LIC Housing Finance for selling housing finance products of the latter to its 4.5 crore customers, a statement said on Tuesday.
Life insurers report 3% YoY growth in new business premiums in August
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In July, life insurers reported an 11 per cent YoY drop in NBP while in June they managed to report a 7.53 per cent increase in NBP, following a dip in May due to the second wave of the pandemic.
YES Bank seeks removal of Jawahar Goel, 4 others from Dish TV board
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YES Bank has given a special notice under Section 169 of the Companies Act, 2013, which seeks the removal of Rashmi Aggarwal, Bhagwan Das Narang, Shankar Aggarwal, and Ashok Mathai Kurien, besides MD
Madhya Pradesh HC stays RBI notification on urban cooperative banks
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The Madhya Pradesh High Court has stayed an RBI notification related to appointment and removal of managing directors and whole-time directors in Urban Cooperative Banks (UCBs) operating in states
Tamilnad Mercantile Bank files DRHP with Sebi for Rs 1,000 cr IPO
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The IPO will include an issue of 15.83 million fresh equity shares at a face value of Rs 10 each and an offer for sale of up to 12,505 shares by promoters and existing shareholders
Indiabulls Housing Finance books Rs 500 crore of co-lending business
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At the start of FY22, the mortgage lender tweaked the business model to incrementally focus on the co-lending space by sharing risks and loan book with other banks or housing finance companies
RBI imposes Rs 50 lakh penalty on Bombay Mercantile Co-operative Bank
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The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 50 lakh on Bombay Mercantile Co-operative Bank, Mumbai for deficiency in regulatory compliance.
RBI nod to Jammu & Kashmir govt to acquire over 16.76 cr shares in J&K Bank
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The Reserve Bank has accorded approval to Jammu & Kashmir government to acquire over 16.76 crore shares in J&K Bank on preferential basis.
«The RBI vide its letter dated September 2, 2021 has accorded approval to Government of Jammu & Kashmir to acquir
