BUSINESS
MC Exclusive | Old lady in viral video shared by FM wasn’t walking to an SBI branch
According to her family members, the woman was walking home from her daughter's house.
BUSINESS
RBI calls board of directors of banks to address governance, ethics issues on May 22
PSBs directors to meet with India's central bank governor on May 22.
BUSINESS
MC Exclusive: RBI, NPCI in early talks with Sri Lanka, Thailand and others for UPI enhancement
Linking UPI with other countries’ payments mechanisms will help users make payments faster and lower the cost of fund transfers
BUSINESS
Impact report of IBC to come in next 2 months: Bankruptcy Board chairperson
IBC also has several problems like delays and haircuts, said Ravi Mital.
BUSINESS
Baby steps: The bulk of Mudra loans fall under the Shishu category of up to Rs 50,000
According to microloan lenders, customers typically use such loans to buy cattle, set up vegetable shops, etc.
BUSINESS
Credit growth likely to remain strong in Q4, says Kotak Bank's Shanti Ekambaram
Kotak Mahindra Bank's loan book stood at Rs 3.10 lakh crore as of December, up from Rs 2.52 lakh crore in the same period of the previous year.
BUSINESS
MC Explains | What is RBI's central portal to track unclaimed deposits?
The portal will be ready in three or four months and help depositors or beneficiaries to get back unclaimed deposits, the RBI has said .
BUSINESS
RBI announces a central portal to track unclaimed deposits
RBI policy meet: At present, the depositors and beneficiaries of unclaimed bank deposits of 10 years or more have to go through the website of multiple banks to locate such deposits
BUSINESS
DBS India to launch affordable housing finance in 3-6 months, says head of consumer banking
Post-amalgamation with LVB retail deposits of DBS India, have gone up to 40 percent, said Joshi.
BUSINESS
Unclaimed deposits with banks decline by Rs 13,250 crore in a year
The Finance Ministry informed the Parliament that unclaimed deposits amount in public sector banks stood at Rs 35,012 crore as of February 2023.
BUSINESS
MC Exclusive | No reason why UCO bank should not lend to Adani group, says MD & CEO
When it comes to extending new loans to the group, the lender will assess how viable its projects are, says Soma Sankara Prasad
BUSINESS
MC Interview | No impact from global banking crises in India, says UCO Bank MD & CEO Soma Sankara Prasad
Indian banks depend to the extent of 90 to 95 percent on retail deposits, said Prasad.
BUSINESS
LIC Housing Finance betting big on digital expansion to counter tough competition, says MD & CEO Y Viswanatha Gowd
LICHFL reported a 37% decline in net profit at Rs 480.3 crore in Q3
BUSINESS
Indian banks are likely to face some slowdown in credit growth: Analysts
With deposits continuing to lag credit growth, and given the tight liquidity situation, banks will compete for deposits, going forward.
BUSINESS
Finance Minister Nirmala Sitharaman chairs meeting with Public Sector Banks
The meeting was also attended by Minister of State for Finance Dr Bhagwat Karad, Secretary of the Department of Financial Services Vivek Joshi, and MDs and CEOs of Public Sector Banks
BUSINESS
Government asks SBI, other PSBs to share data on bond portfolios
The directive has come ahead of the meeting between the finance ministry officials and public sector banks on March 25 to take stock of the industry growth
BUSINESS
Credit Suisse says Indian client services won't be hit post UBS acquisition
Credit Suisse provides wealth management, investment banking, and brokerage services for Indian clients through their Mumbai branch and few other offices.
BUSINESS
MobiKwik to file for IPO again in next 12-18 months, says co-founder
MobiKwik's IPO plans lapsed in November 2022 due to adverse market conditions.
BUSINESS
NPAs of public sector banks decline to 5.53% in December 2022: Finance Ministry
PSBs are in profit with aggregate profit being Rs 66,543 crore in the financial year (FY) 2021-22.
BUSINESS
Meet Neelkanth Mishra, who just left Credit Suisse to lead Axis Bank research team
Mishra is part of the Economic Advisory Council to the Prime Minister and has been advisor to several government committees.
BUSINESS
US Banking Crisis: As risk aversion sets in, rupee may trade in 82-83 range in near term, say experts
So far this year, the rupee has depreciated 8.08 percent against the dollar. It is the second worst-performing currency in Asia against the dollar after the yen, which is down 8.5 percent
BUSINESS
SVB Collapse | What is FDIC? How does it work?
The FDIC is a US agency that protects depositors against loss up to a certain limit in case their bank fails. In India, the Deposit Insurance and Credit Guarantee Corporation manages a deposit insurance programme.
BUSINESS
SVB crisis | No major impact on Indian banking system, say experts
Indian banks at present are well secured in terms of lending ratios, say bankers
BUSINESS
RBI ED Ajay Kumar Choudhary raises concerns over banking frauds
RBI ED said while data privacy law will help to tackle online fake messages fraud, the public need to do their own due diligence.
