-
RBI wants banks to be ‘innovative’ in mobilising deposits even as it is framing a rule that’ll essentially burden banks if they use digital channels to get deposits.
-
The RBI diktat aligns with international standards of credit reporting, and may potentially lead to real-time data updates, benefitting both borrowers and lenders
-
June quarter results of banks indicated asset quality strains in isolated pockets and this, coupled with the scramble for deposits is weighing on their financials. A reduction in repo rates could be a breather, but it seems more like wishful thinking for now.
-
Lower-than–expected job growth in July have fanned fears of the US slipping into a recession, which spooked markets as well
-
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.
-
The time taken to clear cheques will go down from T+2 days to a few hours, once the continuous clearing process comes into force
-
Indian consumers are embracing digital banking, but too many questions is a dampener, says a survey. People are most worried about fraud when they are tricked into sending money to a fraudster
-
In the August review, Das has made a convincing case for the MPC to continue the status quo till the retail inflation falls to the 4% mark. That aligns with the stated position of majority members in the last nine meetings.
-
Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days.
-
The RBI’s Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 6.5 percent on August 8.
-
RBI Gov Shaktikanta Das on August 8 in his monetary policy committee (MPC) after keeping the repo rate unchanged at 6.5 percent announced the UPI measure.
-
Several economists expect the Monetary Policy Committee to change its stance to Neutral in October, and start the rate cutting cycle from December. Existing borrowers will have to contend with higher interest rates for a few more months.
-
RBI Governor Shaktikanta Das said that the domestic economic activities continues to remain resilient
-
The MPC by a 4-2 majority left the repo rate unchanged at 6.5 percent
-
The MPC also decided to remain focussed on withdrawal of accommodation stance by a majority of 4:2. Consequently, all other rates like SDF, MSF, Bank Rate remain unchanged.
-
The RBI MPC has decided to keep the repo rate unchanged a 6.5% by a majority of 4:2
-
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) voted by a 4-2 majority to keep policy rates unchanged.
-
The RBI's monetary policy committee has left the repo rate unchanged at 6.5 percent for the ninth time
-
If the central bank keeps repo rate unchanged, it will then be the ninth consecutive time of no rate action.
-
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.
-
The US Federal Reserve’s interest trajectory and carry trade will be the factors to watch in the coming days, forex experts have said
-
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
-
Yes Bank, valued at Rs 73,020.67 crore, has been seeking new ownership for four years after an RBI-orchestrated rescue led to a turnaround
-
SBI has enough liquidity or excess SLR to fund its loan growth target for FY25
-
Every loan loss mandates banks to provide fully for such loans. In turn, this impacts profitability and capital. In the case of PSBs, the burden of capitalization falls on the government.
-
Most small finance banks have a heavy microfinance presence on their books. Due to pressures on this book, they reported a muted profit growth and worsening asset quality.
-
To mitigate any risks to the parent company's status as a going concern, the parent company has raised Rs 1,271.83 crore through an equity rights issue in May 2024, IIFL Finance said. This action ensures that the parent company's projected cash flows over the next three years will meet its financial obligations, maintaining robust capital adequacy.
-
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.
-
‘DBS Golden Circle’, a priority banking programme, woos resident Indian citizens aged 60 years and above with higher interest rate on savings accounts and deposits, discount on locker rentals and lifetime free debit cards.
-
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
-
The RBI is expected to maintain status quo on policy rates and its stance in the August policy.
-
Bank of Maharashtra, HDFC Bank and ICICI Bank offer interest rates between 10 and 10.8 percent on a personal loan of Rs 5 lakh for a tenure of 5 years.
-
Incremental deposit growth has overtaken credit growth in recent months as banks went aggressive on deposit mobilisation and credit growth slowed following RBI action
-
Avishek Gupta said the company is focusing on the climate resilience sub-sector under microfinance and has partnered with MFI representative body Sa-Dhan for the purpose.
-
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.
-
Often, individuals or institutions promising too-good-to-be-true returns lure investors into a deadly trap. Always look at promises of unrealistic returns with caution.
-
Currently, Bank of India’s LCR stood at 120 percent as on June 30.
-
Meeting of the MPC will be held between August 6 and August 8. The decision of the MPC will be delivered on August 8.
-
The 8th of August announcement by the RBI Governor is likely to be a dud event for markets. Expect no fireworks for now.
-
On a sequential basis, net profit fell 17.7 percent. The net NPA of the bank stood at 0.57 percent as of June 30, as against 0.57 percent as of March 31, and 0.71 percent as of June 30, 2023.
-
On May 13, the bank has sought fresh applications from candidates for the post of managing director and chief executive officer (MD & CEO)
-
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.
-
CFO Arulselvan D tells Moneycontrol that Cholamandalam Investment will continue doing the housing finance business through the main company
-
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.
-
Banks want customers to keep swiping but for lower amounts.
-
Kalyan Jewellers Q1FY25: The EBITDA of the jewellery major also registered an increase. It went up 16.5 percent YoY
-
The report notes that while some of the Indian banks are increased their IT spending, compared to a global benchmark of 7 - 9% Indian banks are still a laggard.
-
The BookMyForex Student Offer is a limited-time promotion, valid up to September 30, 2024. It provides zero fee remittances, cashback offer, discount on international flight tickets and hotel bookings from MakeMyTrip.
