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BANKING AND FINANCE NEWS - Page 6
Kotak Mahindra shares hit 52-week low after KVS Manian resigns
May 2, 2024 12:39 IST
The private lender's stock tanked 4.38 per cent to hit its 52-week low of Rs 1,552.55 on the BSE and 4.40 per cent lower to settle at 1,552.40 at the NSE.
RBI updates guidance note for banks, NBFCs
May 1, 2024 05:04 IST
The 2005 'Guidance Note on Management of Operational Risk' covered only commercial banks.
Place mechanism to curb frauds: Sebi to fund houses
May 1, 2024 04:00 IST
Face value of NCDs via private placement cut to Rs 10,000.
Expectations of future policy impact markets more than rate announcements: RBI paper
April 29, 2024 05:15 IST
As per the regression analysis, Repo rate surprises, as captured by the target factor, have almost no effect on equity returns.
ICICI Bank posts 17.4% rise in profit, proposes Rs 10 dividend
April 28, 2024 03:39 IST
The bank had reported a net profit of Rs 9,853 crore in the year-ago period.
SFBs should be worth Rs 1,000 cr to become universal banks, says RBI
April 27, 2024 05:09 IST
On April 12, the RBI rejected applications received from Dvara Kshetriya Gramin Financial Services Pvt Ltd and Tally Solutions Pvt Ltd to start SFBs in the private sector
RBI sets draft norms for web aggregators of loan products
April 27, 2024 04:35 IST
The RBI set these terms in the draft guidelines for the regulatory framework for the aggregation of loan products by lending service providers (LSP) in order to enhance transparency and enable borrowers to have prior information about potential lenders.
Kotak Mahindra shares plummet 10.85% after RBI action
April 26, 2024 05:40 IST
While the bank reassured to its existing customers of uninterrupted services, including credit card, mobile and net banking, the market took the RBI action seriously.
Payment frauds rise by 70.64% to Rs 2,604 crore in October-March periodSubscriber Only
April 26, 2024 10:46 IST
The volume of frauds also rose to 15.51 lakh during the March 2024 period from 11.5 lakh in the previous six-month period, RBI data shows.
RBI bars Kotak Bank from online onboarding of customers, issuing fresh credit cardsSubscriber Only
April 25, 2024 05:12 IST
The RBI said its decision was based on significant concerns arising out of its IT examination of the bank for 2022 and 2023, and the bank’s continued failure to address these concerns in a comprehensive and timely manner.
Illegal forex trading: RBI cautions banks, customers
April 25, 2024 05:10 IST
Asks banks to report such trading to Enforcement Directorate
RBI bars Kotak Mahindra Bank from onboarding new customers via online, mobile banking channelsSubscriber Only
April 24, 2024 17:25 IST
The RBI said the bank was found to be deficient in its IT Risk and Information Security Governance for the years 2022 and 2023.
Extreme weather, prolonged geopolitical tensions pose risks to inflation in near-term: RBI article
April 24, 2024 07:27 IST
Food inflation, despite some signs of moderation, remains elevated and a potential source of risk to the disinflation trajectory, the ‘State of the Economy’ article published in the RBI’s March bulletin said.
HDFC Bank posts Rs 16,511 crore Q4 profit, declares Rs 19.5 per equity dividend
April 21, 2024 00:43 IST
The bank, which is among the first lenders to announce the numbers for the quarter, reported that the core net interest income grew to Rs 29,080 crore for the reporting quarter, while the other income grew to Rs 18,170 crore.
SEBI proposes framework for price discovery of investment companies
April 20, 2024 04:15 IST
The markets regulator has sought comments from various stakeholders by May 10, 2024.
Parekh steps down as HDFC Life chairman
April 19, 2024 05:47 IST
The board on Thursday unanimously approved the appointment of Keki M Mistry as the Chairman of the board. Mistry has been associated with the company since December 2000 and is currently a Non-Executive Director on the board.
SBI yet to submit bill for 8,350 electoral bonds: GovtSubscriber Only
April 18, 2024 05:28 IST
Moreover, the government may have to shell out Rs 43.90 lakh to SBI for the 30th phase of the electoral bond sale in January this year.
Banks to see moderation in NIM in Q4 on tight liquidity condition
April 15, 2024 06:58 IST
On the credit front, adjusted systemic loan growth will likely decelerate to 15–15.5 per cent YoY compared to 17-18 per cent YoY (as per RBI trend and progress), as of FY23.
Global average debt projected to remain above pandemic levels for about half the world: NK Singh
April 7, 2024 06:05 IST
At the 90th commemoration function of the Reserve Bank of India on Monday, Prime Minister Narendra Modi had asked the RBI to conduct a study on rising debt levels.
Consumers optimistic about economic situation, income, employment for next one year: RBI survey
April 7, 2024 05:56 IST
For the fiscal 2025, the RBI has projected inflation to be at 4.5 per cent with Q1 at 4.9 per cent; Q2 at 3.8 per cent; Q3 at 4.6 per cent; and Q4 at 4.5 per cent.
No change in policy on exchange traded currency derivatives, says RBI Governor
April 6, 2024 07:33 IST
RBI Deputy Governor Michael Patra said the January 5th master direction was a reiteration of the earlier policies and there was no change in approach.
RBI defers exchange traded currency derivatives normsSubscriber Only
April 5, 2024 16:22 IST
This comes after market participants raised concerns over participation in the ETCD market and the run up to the April 5 deadline saw a sharp rise in volatility in the forex market.
Despite higher valuation, optimism and faith leading to investments in India: SEBI Chief
April 3, 2024 09:48 IST
In the last 12 months, Rs 10.5 lakh crore has been raised by the industry from the capital markets.
In first meet for FY25 in April, why MPC will likely keep repo rate unchangedSubscriber Only
April 1, 2024 04:15 IST
According to Deutsche Bank’s Das, the RBI is expected to keep its FY25 CPI inflation forecast unchanged at 4.5%, while the next fiscal year's growth forecast could be raised to 7.4% from the current 7%.
RBI tweaks norms for investment in AIFs by lenders
March 28, 2024 05:14 IST
In December last year, the RBI directed banks, NBFCs and other lenders not to invest in any scheme of alternative investment funds (AIFs) which has downstream investments in a debtor company.
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