BUSINESS
Erstwhile HDFC investors question HDFC Bank for lower dividend
For the year ending March 2024 HDFC Bank has declared an equity dividend of Rs 19.5 per share.
BUSINESS
Most banks take a hit on Q1 treasury income amid RBI’s new investment portfolio norms
Barring ICICI Bank, Punjab National Bank, Central Bank of India and AU Small Finance Bank, which witnessed increase in treasury income, other reported a dip.
BUSINESS
HDFC Bank's chairman expects increase in gross capital formation in private sector to boost private investment
On the inflation front, Chakraborty said that timely interventions of the Reserve Bank of India (RBI) and its monetary policy actions have been crucial in combating inflation.
BUSINESS
IFSCA to bring new listing regulations for GIFT City in two-three weeks
After the final listing norms, overseas as well as domestic unlisted companies will be able to file offer documents with the IFSC exchanges
BUSINESS
SEBI seeks pension funds, insurers' support to popularise municipal bonds
Executive director Pramod Rao has said SEBI is very eager to partner corporate India on sustainable finance, transition and net zero goals through the bond market
BUSINESS
RBI will be watchful of incoming data, premature to talk about US recession, says Das
Lower-than–expected job growth in July have fanned fears of the US slipping into a recession, which spooked markets as well
BUSINESS
RBI MPC: FPIs keen on 5-10-year FAR securities, low on 30-year bonds, says Patra
On July 29, the RBI in consultation with the Government has decided to exclude all new securities of 14-year and 30-year tenors from the FAR.
BUSINESS
RBI to reduce cheque clearing cycle from T+1 to a few hours
Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days.
BUSINESS
RBI MPC | Governor urges lenders to review end use of top-up home, gold loans
The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 6.5 percent on August 8.
BUSINESS
RBI Policy: Bond yield rise during policy announcement
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted by a 4-2 majority to keep policy rates unchanged.
BUSINESS
Will RBI hold repo rate? 5 things to look out for in MPC
If the central bank keeps repo rate unchanged, it will then be the ninth consecutive time of no rate action.
BUSINESS
If RBI changes stance during August MPC, it will send mixed signal to market, say economists
In the monetary policy poll of Moneycontrol, a majority of experts said that the central bank will maintain its ‘Withdrawal of Accommodation’ stance. However, four bankers expect the RBI to change stance to neutral.
BUSINESS
Rupee likely to trade in 83.50-84.40 range against dollar for next few weeks
The US Federal Reserve’s interest trajectory and carry trade will be the factors to watch in the coming days, forex experts have said
BUSINESS
MC Exclusive | IBA to take up banks' concerns over LCR guidelines with RBI
The major recommendation by the banks is to incrementally increase the run-off rate instead of 5 percent in one go and also extend the deadline
BUSINESS
Private banks trump state-owned peers on return on assets despite weak show in Q1FY25
RoAs of private banks was in the range of 1.70-2.40 percent, while that of PSU banks was 0.70-1.13 percent in Q1. That said, in terms of ROE, state-owned banks fared better than their private peers.
BUSINESS
RBI likely to hold rates steady in August policy despite global turmoil
The central bank is expected to leave the repo rate unchanged at 6.5 percent due to stubborn high inflation, which continues to be above its medium term target of 4 percent
BUSINESS
FTSE Russell unlikely to include Indian bonds in index as concerns over ratings, taxation remain
Currently, two bond index providers have added Indian bonds in global bond index, with JP Morgan’s inclusion having got completed last month and Bloomberg’s index inclusion slated to happen in 2025.
BUSINESS
MPC Poll: RBI to maintain status quo in August monetary policy amid inflation risk
Meeting of the MPC will be held between August 6 and August 8. The decision of the MPC will be delivered on August 8.
BUSINESS
Omkara ARC win bids to acquire of SASF’s NPA loan portfolio worth Rs 6,151 crore
On August 3, Moneycontrol reported Omkara Asset Reconstruction Pvt Ltd and National Asset Reconstruction Company Ltd (NARCL) emerged as frontrunners to acquire these loan accounts.
BUSINESS
Tamilnad Mercantile Bank sends 4 names to RBI for MD & CEO and ED posts
On May 13, the bank has sought fresh applications from candidates for the post of managing director and chief executive officer (MD & CEO)
BUSINESS
Omkara ARC, NARCL are frontrunners in SASF’s Rs 6,151 crore NPA sale
On July 13, SASF invited expressions of interest to sell 239 non-performing loan accounts worth Rs 6,151.16 crore. The company set a reserve price of Rs 642 crore, as per release.
BUSINESS
Cholamandalam Investment drops plan for a housing finance subsidiary
CFO Arulselvan D tells Moneycontrol that Cholamandalam Investment will continue doing the housing finance business through the main company
BUSINESS
Cholamandalam Investment weighs ECB route to raise $500-700 million
In April-June quarter, the company has raised 3 percent of the of the total borrowing through ECB or FCNR, which is around Rs 4,500 crore.
BUSINESS
Bank of Baroda to focus on IndiaFirst Life Insurance, Nainital Bank for divestment
Stake sale plans for BOB Cards seem have been put on hold
