FSDC asks regulators to keep constant vigil on financial sector
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The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Friday discussed a host of issues concerning the economy and underlined the need for keeping a continuous vigil on financial sector
Rupee inches 3 paise higher to 73.03 against US dollar in early trade
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The Indian rupee inched higher by 2 paise to 73.03 against the US dollar in opening trade on Friday, despite a sustained rally in domestic equities.
Forex traders said the local unit is trading in a narrow range as strengthening crude oil prices and dollar d
Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv
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The account aggregator ecosystem in the country is in a nascent stage and there is a need for its orderly growth, Reserve Bank of India's deputy governor M Rajeshwar Rao said on Thursday.
PMC Bank fraud: ED attaches HDIL group's shares worth Rs 233 crore
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ED said it has attached partly-paid compulsorily convertible preference shares worth Rs 233 crore of HDIL group companies in the alleged multi-crore-rupee PMC Bank fraud and money-laundering case
Indian Oil lists foreign currency bonds on IFSC exchanges at GIFT
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Indian Oil listed has listed its foreign currency bonds on IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT).
«We are extremely delighted to be here on the momentous occasion of the listing ceremo
Rupee appreciates 6 paise to 73.02 against US dollar in early trade
newsdepo.com
The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows
India's holding of special drawing rights rises to $19.41 billion
newsdepo.com
The Reserve Bank said India's holding of IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is equivalent to $19.41 billion as per exchange rate
SBI raises Rs 4,000 crore via AT1 bonds, coupon fixed at 7.72%
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This was SBI's first such issuance at home after Sebi's new rules; bids in excess of Rs 10,000 crore were received against a base issue size of Rs 1,000 crore
Top-level exits: AU SFB says 'nothing to hide' on disclosure issues
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Jaipur-based AU Small Finance Bank (AU Bank) on Wednesday tried to allay concerns of investors and depositors with regard to top-level resignations in recent months, saying that it is a «simple HR issue» that the company management is trying to re
Exim Bank extends $100 mn loan to Africa Finance Corp for infra development
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Exim Bank of India has extended a line of credit of USD 100 million on behalf of the Indian government to the Africa Finance Corporation (AFC) to develop infrastructure
PNB cuts savings deposits rate by 10 bps to 2.9%, effective Sept 1
newsdepo.com
Bank officials said the decision is partly driven by huge liquidity that the bank continues to manage and also correction in rates vis-a-vis peers, especially PSU banks
Conclude loan guarantee scheme for medical infra in non-metros in time: FM
newsdepo.com
Finance Minister asked all stakeholders to conclude Rs 50,000 cr Loan Guarantee Scheme for Covid-Affected Sectors in time to deal with any future third wave
Rupee rallies 29 paise to end at nearly 12-week high on dollar inflows
newsdepo.com
The rupee strengthened further by 29 paise to close at a nearly 12-week high of 73.00 against the US dollar on Tuesday, marking its fourth straight session of gain
Bank of India announces closure of QIP issue; raises Rs 2,550 cr
newsdepo.com
Bank of India on Tuesday announced the closure of its QIP issue and said that it has raised Rs 2,550 crore by issuing more than 40.5 crore shares to the qualified institutional buyers.
The capital issue committee at its meeting held on August 31, 2021 has ap
Peter Thiel's founders fund backs $130 million Japan technology fund
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Billionaire Thiel's Founders Fund is backing a new $130 million vehicle by Coral Capital to invest in Japan's technology startups as the country shakes off its image as a tough place for entrepreneurs
Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
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Moody's on Monday rated Axis Bank's proposed additional tier I capital bonds, as part of its GMTN programme, three notches below its BCA and adjusted BCA, on the back of likelihoods of impairment.
Depositors of stressed banks to get up to Rs 5 lakh back from Nov 30
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Depositors of stressed banks like Punjab & Maharashtra Cooperative (PMC) Bank are now set to get up to Rs 5 lakh back from November 30 as the government has notified the amendment to the DICGC Act.
Parliament earlier this month passed the Deposit Insurance a
Chennai-based NBFC Shriram City looks to disburse up to Rs 23K cr in FY22
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Chennai-based non-banking finance company Shriram City Union Finance (Shriram City) is eyeing total disbursements of Rs 22,000-23,000 crore in the current financial year, a top company official said.
RBI issues direction on compensation of private banks' top officials
newsdepo.com
RBI said fair value of the share-linked incentives paid to officials by the private banks should be recognised as an expense during the relevant accounting period
Moody's assigns B1(hyb) to Axis Bank's proposed AT1 capital securities
newsdepo.com
Moody's has assigned B1(hyb) rating to Axis Bank Ltd GIFT City branch's proposed USD-denominated, undated, non-cumulative and subordinated additional tier 1 (AT1) capital securities
