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Latest Articles in Banking Finance

Banks GNPA May Rise Over 22-yr High Of 13.5% By Sep 2021: RBI FSR

If the macroeconomic environment worsens into a severe stress scenario, the GNPA ratio may escalate to 14.8 per cent, the report said. In this case, the GNPAs would be at over 24-year high. In the fiscal ended March 1997, it was 15.7 per cent.

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Govt Rejects Demand For Further Extension Of Returns Filing Date Beyond 15 Feb

Last month, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

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SBI, IOC Launch Co-Branded Rupay Debit Card

Customers can also earn reward points for spends on dining, movies, grocery and utility bills. The reward points can similarly be redeemed for dining, movies, grocery and utility bills

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SBI Raises USD 600 Million From Bonds

'The bonds will be issued through our London branch as of January 13, 2021, and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City,'

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Bandhan Bank Q3 Advances Grow By 23% To Rs 80,255 Crore

Total deposits during the quarter increased by 30 per cent to Rs 71,188 crore as against Rs 54,908 crore in the corresponding period last year

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HDFC Bank Records Loan Growth Of 16 % In Dec Quarter

The bank had an outstanding loan of Rs 9,36,000 crore as of December 31, 2019, and a growth of around 4 per cent, HDFC Bank said in a regulatory filing. It stood at Rs 10,38,300 crore as of September 30, 2020.

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SBI Mutual Fund Raises Stake In CSB Bank To Over 5 %

The RBI approval will stand valid for one year till July 21, 2021. The investment will be through various schemes of SBI Mutual Fund.

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Kotak Securities Earmarks Rs 50 Cr Corpus To Invest In Startups

The brokerage will launch incubation/accelerator programmes, hackathons, networking events, pitching sessions and demo day programmes for early stage startups in-house as well as with other incubator/accelerator groups

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RBI Imposes Rs 7 Lakh Penalty On 2 Co-Op Banks

The RBI further said the action against the banks is based on deficiencies in regulatory compliance, and not intended to pronounce upon the validity of any transaction or agreement entered into by them with their customers.

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Infrastructure Credit Grows Marginally To Rs 22.6 Lakh Cr In H1FY21: Report

Non-banking financial companies-infrastructure finance company (NBFC-IFCs) continued to grow at a modest sequential pace of 12 per cent in this period

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CCPA Seeks RBI Intervention On Banks Delaying Refund In Case Of Failed Transactions

The CCPA can extend cooperation to the RBI in ensuring speedy redressal to the consumers, she said in the letter.

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Allowed PMC Bank To Approve Requests For Withdrawal On Hardship Grounds To Avoid Delays In Disbursal: RBI To HC

A bench of Chief Justice D N Patel and Justice Prateek Jalan had said that since the RBI has imposed withdrawal restrictions on the Punjab and Maharashtra Cooperative (PMC) Bank, the central bank should have been the one taking the decision on allowing disbursals on hardship grounds.

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Irdai Imposes Rs 15 Lakh Penalty On Bharti AXA General Insurance Company

Irdai has imposed a fine of Rs 5 lakh on Bharti AXA for violation of the guidelines which prohibit payments, directly or indirectly, to the motor insurance service provider or any of its associate company.

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Canara Bank Raises Rs 1,635 Crore Via Bonds

The capital was raised by issuing additional tier-1 bonds at 8.50 per cent coupon on December 31

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Private Banks fare best on Customer Effort Index: Study

Private Banks fared best on CES, which typically meant the customer had to put in less time and effort in solving their problems.

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