Mumbai, Aug 24 (IANS) The rising demand for credit in last couple of days has prompted banks to garner funds aggressively through certificates of deposits (CD), bonds, and fixed deposits (FD). The need for aggressive fund raising arose after the surplus
Mumbai, Aug 23 (IANS) Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said. The bidding for the bonds will take place on August 25 between 11 a.m.
New Delhi, Aug 19 (IANS) The government has kept interest rates on small savings schemes unchanged since the past two years after they were last revised in the first quarter of 2020-21, even as banks have drastically hiked their home loan
Mumbai, Aug 19 (IANS) The net profit of the banks rose by 37.1 per cent year-on-year to Rs 44,048 crore in the first quarter of the current financial year, according to a Bank of Baroda research report. The net profit of
Mumbai, Aug 18 (IANS) ICICI Bank has been trading at a record of Rs 885 during the early morning trade on Thursday. Motilal Oswal’s report said that the bank’s annual report reaffirms our view that the bank is progressing well in
Mumbai, Aug 10 (IANS) The interest payments of the companies is going to increase going forward because interest rates are expected to go up in the rising rate cycle where the Reserve Bank of India (RBI) has already front loaded 140
Indian government-owned banks saw a reduction of 2,044 branches and about 13,000 employees in 2022 over the previous year, a major bank employees union said in Sunday. Chennai, July 4 (IANS) Indian government-owned banks saw a reduction of 2,044 branches and
Improving credit growth, decreasing asset-quality risks will be the character of Indian non-banking financial institutions (NBFI) during FY23, said Fitch Ratings on Monday. Chennai, June 27 (IANS) Improving credit growth, decreasing asset-quality risks will be the character of Indian non-banking financial
The decision to hike policy rate will be ultimately good for the banking sector as the risk is getting re-priced properly, SBI’s Economic Research Department said in a report. New Delhi, May 5 (IANS) The decision to hike policy rate will
The trading hours of various markets regulated by the Reserve Bank will be restored, from April 18, to timings which were applicable during the pre-pandemic period, it was announced on Monday. Mumbai, April 12 (IANS) The trading hours of various markets
New Delhi, April 5 (IANS) The Reserve Bank of India (RBI) on Tuesday said that it is not necessary to activate ‘Counter-Cyclical Capital Buffer’ at this point in time. In financial parlance, the ‘CCyB’ applies on banks to promote sustainable provision
Morgan Stanley expects the RBI to embark on policy normalisation with a 15-20bps hike in the reverse repo rate to normalise the policy rate corridor in the upcoming MPC meeting. New Delhi, April 4 (IANS) Morgan Stanley expects the RBI to
The banks will observe a nationwide strike on Monday (March 28) and Tuesday (March 29) to protest against the Banking Laws (Amendment) Bill, 2021, and oppose the privatisation of public sector banks. New Delhi, March 28 (IANS) The banks will observe
London, March 18 (IANS) Interest rates have increased in the UK for the third time in four months as the Bank of England tries to calm the rise in the cost of living, BBC reported. The rise from 0.5 per cent
As the Reserve Bank of India (RBI) barred Paytm from taking on new customers for its Payments Bank, a new report on Thursday said that fintech platforms’ dominance in digital payments may not result in a significant data advantage over
The Reserve Bank of India has lifted the restrictions on the business generating activities planned under HDFC Bank’s ‘Digital 2.0’ programme. New Delhi, March 12 (IANS) The Reserve Bank of India has lifted the restrictions on the business generating activities planned
The top brass of the Mizoram Rural Bank (MRB), one of the top performers among the 43 Regional Rural Banks (RRBs) in India, have met Mizoram Governor Hari Babu Kambhampati at the Raj Bhavan and apprised him about the performance
New Delhi, Feb 18 (IANS) India’s banking system is in best financial health in decades, said India Ratings and Research (Ind-Ra). The agency has revised the outlook on the overall banking sector to further improve in FY23. “The improving health trend
Guwahati, Jan 8 (IANS) The Assam government and the National Dairy Development Board (NDDB) on Friday signed a Memorandum of Understanding (MoU) to set up a joint venture company to execute a Rs 2,000 crore project aiming to process 10 lakh
New Delhi, Dec 25 (IANS) The recent improvement in recovery of the non-performing assets and decline in provisioning of loans in the banking sector are expected to improve further in the coming year, rating agency ICRA said. Accordingly, the improvement in
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