BUSINESS
HDFC Bank wrote back Rs 200 crore on AIF provisions post RBI clarification, says CFO
RBI on March 27 issued certain clarifications on its earlier guidelines on investments by lenders in AIFs, which have further investments in borrower companies linked to the lenders.
BUSINESS
Analysts say HDFC Bank Q4 numbers in line with expectations but pressure seen on NIMs
The lender’s net interest margin (NIM) has fallen from 4.1 percent in June 2023 to 3.4 percent in March 2024.
BUSINESS
HDFC Bank Q4 results: Key highlights from the earnings report
Total deposits of the lender stood at Rs 23.79 lakh crore, compared to advances of Rs 25.07 lakh crore during the quarter ended March 31, 2024.
BUSINESS
Exclusive | Expect margins to be stable in the coming quarters: HDFC Life MD & CEO
Vibha Padalkar said the insurer expects to grow faster than the industry in FY25
BUSINESS
HDFC Life sees pressure on VNB margins in Q4
Market experts had suggested that VNB will see a sharp fall due to low margin-linked products.
BUSINESS
Tough quarter ahead? NBFCs may see pressure on interest margins in Jan-Mar numbers, say experts
In the past few months, the central bank has taken strict regulatory actions against some NBFCs. Experts said that commentary on certain businesses by some shadow banks could be key to watch out for.
BUSINESS
RBI’s draft rules for payment aggregators may impact business models, say experts
The RBI's proposed regulations for payment aggregators who handle physical point-of-sale services include minimum networth requirements and a timeline for KYC and compliance.
BUSINESS
Experts see Rupee trading in the range of 83-84 against US Dollar in Q1FY25
The Indian rupee slipped to a record low on Tuesday, weighed by the rise in U.S. Treasury yields and on simmering worries over tensions in the Middle East.
BUSINESS
Israel-Iran tensions: Indian banks see no immediate impact for now
Experts say that other than the direct impact on oil prices, some worries could arise on payments between entities in the region and India if tensions escalate
BUSINESS
Small NBFCs may turn to SME, mortgage, green finance loans in co-lending business as risk aversion sets in
Co-lending to personal loans will fall this year, data from CRISIL and some NBFCs executives show. RBI's changing risk weights on personal and consumption loans is forcing NBFCs and banks to look at MSMEs
BUSINESS
MC Explains | Why the RBI rejected two more SFB licence applications
In all, the central bank has received 13 applications for small finance bank and universal bank licences, of which 11 have been rejected so far. Applications by Annapurna Finance Private Limited and Fino Payments Bank are still under consideration.
BUSINESS
Insurers may report robust profit, drop in new business margins in Q4
On the annual premium equivalent, experts say it is expected to decline in March 2024 due to the base of last year
BUSINESS
Banks, NBFCs hike lending and deposit rates as RBI pushes for monetary transmission
The central bank has in the recent past called for increased monetary policy transmission in the rates to banks and NBFCs. Transmission is important for the RBI's inflation management.
BUSINESS
Indian banks to report 13-14% net profit growth in Q4FY24, say analysts
In Q4FY24, banks are likely to report robust treasury gains due to moderation in government bond yields and a buoyant capital market, experts said.
BUSINESS
Banks may increase deposit rates by 15-20 bps in FY25, says ICRA
The hike in rates will be due to the high credit-deposit ratio, which the banks will like to bring down, experts say
BUSINESS
Banks' CD ratio at decadal high but deposit growth slowly outpacing credit growth, shows data
Data from rating agency CareEdge showed that banks' credit-deposit ratio—the amount they lend from deposits raised—has been hovering around 80 percent since September 2023, reaching a decade high.
BUSINESS
Banks report robust deposit growth compared to slow credit growth in Q4
Provisional numbers in the last quarter of FY24 showed banks reporting robust deposit growth.
BUSINESS
Bandhan Bank COO denies any NCGTC audit link to Ghosh’s retirement
Bandhan Bank on April 5 said that the lender's managing director and chief executive Chandra Shekhar Ghosh will retire from the post after completion of his current tenure on July 9
BUSINESS
Seeing some rate transmission going through banks, says RBI DG
The MPC left the key repo rate unchanged at 6.5 percent for the seventh time in a row, in line with the market expectations
BUSINESS
RBI to release fintech SRO framework before the end of month, says governor Das
Earlier, RBI Governor Shaktikanta Das urged fintechs to establish an SRO over the next year.
BUSINESS
Lending rates may remain unchanged after MPC, eyes on LCR review draft
Market participants said they will wait for the Liquidity Coverage Ratio (LCR) review draft, which they said could have an impact on bank's liquidity.
BUSINESS
RBI to allow UPI access to prepaid payment instruments through third-party apps
RBI policy meet: The central bank proposes to permit third-party UPI apps to make UPI payments from PPI wallets
BUSINESS
RBI allows depositing cash at cash deposit machines through UPI
RBI policy meet: The facility will further enhance customer convenience and boost adoption of digital payments for small-value transactions, Shaktikanta Das has said
BUSINESS
RBI Monetary Policy | RBI allows non-bank payment system operators to distribute retail CBDC
The governor added that this will facilitate testing of the resiliency of CBDC platform to handle multi-channel transactions.
