BUSINESS
Expect no change in RBI stance, MPC repo rate today, says IDFC’s Gaura Sen Gupta
Sen Gupta further highlighted that the current account deficit in FY24 is expected to reduce to 1.2 percent of GDP versus 2 percent deficit in FY23
BUSINESS
RBI MPC today: Rate-setting panel may keep repo rate unchanged, say bankers
Reserve Bank of India Monetary Policy: Bankers also suggested that the central bank would go about cutting its policy rate in the second half of calendar year 2024
BUSINESS
Why have half of India’s payments banks shut shop?
In 2016, the first of 11 payments bank licences was issued. Eight years later, only six are still operational
BUSINESS
MSMEs see uptrend in payment delays: Report
Data also highlighted that the exports by MSMEs have declined over the last one year
BUSINESS
MC Interview | Equitas SFB targeting 25% credit growth in next few quarters: CEO
PN Vasudevan said that the bank’s CD ratio stands at 91.5 percent and is at a comfortable level.
BUSINESS
Moneycontrol Poll | Bankers, economists expect MPC to leave repo rate unchanged on Thursday
The monetary policy committee (MPC) is scheduled to meet from February 6 to 8.
BUSINESS
SBI made Rs 240 crore AIF provision in December quarter, says Chairman Dinesh Khara
The lender's total exposure to AIFs is around Rs 1,000 crore, Khara said.
BUSINESS
SBI chairman says no communication with Paytm on transfer of business
RBI on January 31 imposed major business restrictions on Paytm Payments Bank including accepting fresh deposits and doing credit transactions after February 29. On March 11, the RBI barred Paytm Payments Bank from onboarding new customers.
BUSINESS
SBI Q3 results: Top four highlights from the earnings report
The net profit of the lender dropped by 35 percent on account of one-time exceptional item of Rs 7,100 crore.
BUSINESS
Muthoot Microfin to open up to 30 branches in Telangana and AP this quarter: CEO
The company is well capitalised and will not need capital infusion in the next two years, said CEO Sadaf Sayeed.
BUSINESS
Paytm in talks with other banks to transfer PPBL business, says Vijay Shekhar Sharma
Sharma also highlighted that the company is in talks with the Reserve Bank of India to solve issues concerning the bank’s customers.
BUSINESS
Bankers cheer union budget 2024’s focus on fiscal consolidation, infra and affordable housing
Some of the bank executives said that the finance minister has rightly chosen the path of fiscal consolidation
BUSINESS
Centre to provide long-term interest-free loans to promote iconic tourist centers: FM Sitharaman
This is the sixth consecutive year when Sitharaman is presenting the budget, which is an interim budget as it comes months ahead of the Lok Sabha elections.
BUSINESS
Banking Budget: Small finance banks and MFIs pitch for funding support and sector-oriented policies
Banking Budget 2024: Though some small lenders are looking with optimism to lend to SMEs, lending to micro and small industries stood at 17.2 percent of total advances in November 2023 versus 19.3 percent in November 2022, according to recent Reserve Bank of India (RBI) sectoral credit data.
BUDGET
Union Budget 2024: PSBs well capitalised, capital infusion unlikely, say experts
RBI data showed that Gross NPA of scheduled commercial banks declined to a multi-year low of 3.2 percent and their Net NPA ratio eased to 0.8 percent
BUSINESS
Union Budget 2024: Rural, digital infra to be more in focus, say banking experts
In a panel discussion of Moneycontrol, experts from the banking industry gave their opinions on how the upcoming interim budget could shape up.
BUSINESS
Post RBI action, what happens to your money in Paytm Wallet or Paytm Bank?
Existing customers of the bank will be able to withdraw and use the money in their accounts and for FASTag service, etc. up to the available balance
BUSINESS
MC Budget Panel | Banks to continue to face pressure on NIMs, experts say
On Moneycontrol’s pre-budget panel discussion held on January 30, bankers and industry experts felt the growing dependence on the digital platform had made it necessary for banks to invest more on cyber security.
BUSINESS
Ujjivan Small Finance Bank’s credit-deposit ratio comfortable, says MD
There was an 80 basis point impact on the bank’s capital ratio after the RBI’s risk weight asset norms.
BUSINESS
MC Interview: Indian Overseas Bank is targeting credit growth of 13-14% in next few quarters, says MD & CEO
On deposits, AK Srivastava, the MD & CEO, said that the focus is on mobilising CASA deposits and focusing mainly on current account deposits
BUSINESS
RBI norms on consumer credit: Banks see some impact but remain bullish
Data from at least seven banks suggested that the banks had an average impact of 51 bps due to the new risk- weight norms.
BUSINESS
Indian Overseas Bank sees 35 bps impact due to RWA norms, says MD and CEO
RBI on November 16 said that it has increased risk weight by 25 percent on consumer credit exposure of commercial banks and non-banking finance companies (NBFCs).
BUSINESS
Data show banks continued to bet big on personal loans in third quarter
Banking sector experts see growth in small-ticket personal loans moderating but expects large loans to continue growing.
BUSINESS
Axis Bank Q3 results: Top four highlights from the earnings report
The lender put aside a provision of Rs 182 crore to comply with the Reserve Bank of India (RBI) latest measure on alternative investment funds (AIF).
