Money & Banking

Crypto industry’s revised guidelines might add NFT start-ups and expand on customer protection norms

Crypto industry’s revised guidelines might add NFT start-ups and expand on customer protection norms

BACC will look for possible mention of cryptocurrencies and clarity on tax categorisations for this sector

Indian millennials step up wealth-management strategy to prepare for future: Report

Indian millennials step up wealth-management strategy to prepare for future: Report

Opt for savings schemes, health and life policies and large investments to protect themselves from future shock

Homemakers: Max Life, Policybazaar join hands to offer independent term insurance cover

Homemakers: Max Life, Policybazaar join hands to offer independent term insurance cover

Offers ‘Max Life Smart Secure Plus Plan’ as an independent cover on Policybazaar to homemakers

Government, RBI urged to review scheme of amalgamation of PMC Bank and Unity SFB

Sahakar Bharati, a representative body of co-operatives, said the scheme is loaded against PMC Bank depositors

Stage set for reverse repo normalisation: SBI Ecowrap

Normalisation means raising the reverse repo rate in one or two stages.

Can Fin Homes Q3FY22 net profit declines 12 per cent yoy

Disbursements jump 123 per cent yoy

Nagpur: 7 cheated of ₹4.68 crore by cryptocurrency fraudsters

The accused lured investors by promising them high returns

Karnataka Bank introduces mobile banking facility for NRIs

The facilities will be available on KBL MobilePlus app

Government notifies PMC Bank’s merger with USFB

Retail depositors with balances over Rs 5 lakh will be disappointed with the provisions of the Scheme.

MODIFI acquires Seawise Capital’s trade finance and SaaS business in India

MODIFI is the only trade finance platform that provides SMEs with digital solutions

Federal Bank Q3 net profit up 29 per cent

Net interest income grew by 7.1 per cent

ARC would soon eye stressed assets across sector: YES Bank

MD and CEO says private lender on growth path, leaving behind asset quality worries

Microloan securitisation volume see recovery in 9M FY22: ICRA

However, the volume still remains much lower than the pre-Covid period

Lendingkart partners with Bank of Maharashtra to disburse low-cost MSME loans

The partnership will help in addressing the credit gaps existing in the financial services market

Monetary penalties on UCBs: Fix the responsibility on erring decision-makers, says Satish Marathe, RBI Director

The penalty are imposed for non-compliance with provisions or contravention of certain directions issued by the RBI

Axis Bank Q3 net profit jumps 224 per cent

Bank reported a net profit of ₹3,614.24 crore for the quarter

SBI Card Q3 net profit up 84 per cent at ₹386 crore

Cards in force for the credit card issuer touched a new milestone at 1.32 cr

HDFC AMC net down 3 per cent on higher operational cost

Revenue from operation was up 14 per cent

Payment on the go: City Union Bank launches contactless debit card in a fitness watch

Comes at an introductory price of ₹3,499

Indipaisa, Hitachi Payments tie-up to develop new fintech platform for MSMEs 

To offer fintech services at affordable prices for the Indian MSME market: Indipaisa CEO

RBI policy: Highest cumulative repo rate cut in 10 years

The repo rate was cut by 135bps so far in CY19. The last time the repo rate saw such a large cumulative cut in a year, was in 2009.

Fullerton India and Paytm tie up to provide lending products

The programme will offer Paytm Postpaid on the Paytm platform while utilising Fullerton’s risk assessment capabilities

Uncertainty over privatisation of PSBs, general insurance company

Govt not keen to make a move that could impact poll prospects in 5 States

Capital raise back on the table: PNB Housing Finance chief

PNBHFL eyeing 15-20 per cent increase in disbursements this fiscal as a retail-focussed home loan provider

HDFC Cap announces initial close of $1.88 b of affordable housing fund

Fund will provide long-term funding across the lifecycle of affordable and mid-income housing projects

HDFC Capital achieves initial close of $1.8-billion fund for affordable housing financing

HDFC Capital Affordable Real Estate Fund-3 is one of the largest funds raised to invest in the residential real estate sector in India

FPIs cut stake in private sector banks

Pull out close to ₹35,000 crore in the first three quarters of the current fiscal

ICICI Bank informs exchanges of inadvertent trade by designated person

Imposes penalty of ₹2 lakh on Independent Director

ICICI Bank Q3 net profit rises 25 per cent to ₹6,194 crore

Net interest income jumps 23% to ₹12,236 crore

Yes Bank Q3 net profit rises 76.8 per cent

For the quarter ended December 31, 2021, the bank reported a standalone net profit of ₹266.43 crore

Avendus Finance to raise up to Rs 150 cr via NCDs

AFPL’s Board had approved the issuance of NCDs totalling ₹1,250 crore in FY22 in March 2021.

RBI conducts Variable Rate Repo auction worth ₹75,000 crore

The central bank had conducted a one-day Variable Rate Repo auction for ₹50,000 crore on Thursday

‘PSL tag to EVs can help create ₹40k crore financing market’

Estimates say India’s EV finance market could reach ₹3.7-lakh crore in advances by 2030

IDBI Bank reports 53% jump in Q3FY22 net profit

Our Bureau

GNPAs to decline below 17% by March-end: IDBI Bank chief

‘Going forward, our policy is to grow quality advances to show reasonable, sustainable growth’

L&T Finance Holdings Q3 profit up 12%

‘The company witnessed strong improvement in disbursements, collections’

Bandhan Bank registers 36% growth in net profit on higher business growth

Third wave unlikely to impact bank’s business operations, says CEO

Optimal hedge ratio for ECBs is at 63 pc: RBI Paper

ECBs are in the form of cash bonds, securitised instruments, preference shares and some hybrid instruments

PCI calls for roll back of zero MDR in Budget

Seeks withdrawal of zero MDR regime for UPI and RuPay debit cards