Indiabulls Housing Finance books Rs 500 crore of co-lending business
newsdepo.com
At the start of FY22, the mortgage lender tweaked the business model to incrementally focus on the co-lending space by sharing risks and loan book with other banks or housing finance companies
RBI imposes Rs 50 lakh penalty on Bombay Mercantile Co-operative Bank
newsdepo.com
The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 50 lakh on Bombay Mercantile Co-operative Bank, Mumbai for deficiency in regulatory compliance.
RBI nod to Jammu & Kashmir govt to acquire over 16.76 cr shares in J&K Bank
newsdepo.com
The Reserve Bank has accorded approval to Jammu & Kashmir government to acquire over 16.76 crore shares in J&K Bank on preferential basis.
«The RBI vide its letter dated September 2, 2021 has accorded approval to Government of Jammu & Kashmir to acquir
FSDC asks regulators to keep constant vigil on financial sector
newsdepo.com
The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Friday discussed a host of issues concerning the economy and underlined the need for keeping a continuous vigil on financial sector
Rupee inches 3 paise higher to 73.03 against US dollar in early trade
newsdepo.com
The Indian rupee inched higher by 2 paise to 73.03 against the US dollar in opening trade on Friday, despite a sustained rally in domestic equities.
Forex traders said the local unit is trading in a narrow range as strengthening crude oil prices and dollar d
Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv
newsdepo.com
The account aggregator ecosystem in the country is in a nascent stage and there is a need for its orderly growth, Reserve Bank of India's deputy governor M Rajeshwar Rao said on Thursday.
PMC Bank fraud: ED attaches HDIL group's shares worth Rs 233 crore
newsdepo.com
ED said it has attached partly-paid compulsorily convertible preference shares worth Rs 233 crore of HDIL group companies in the alleged multi-crore-rupee PMC Bank fraud and money-laundering case
Indian Oil lists foreign currency bonds on IFSC exchanges at GIFT
newsdepo.com
Indian Oil listed has listed its foreign currency bonds on IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT).
«We are extremely delighted to be here on the momentous occasion of the listing ceremo
Rupee appreciates 6 paise to 73.02 against US dollar in early trade
newsdepo.com
The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows
India's holding of special drawing rights rises to $19.41 billion
newsdepo.com
The Reserve Bank said India's holding of IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is equivalent to $19.41 billion as per exchange rate
SBI raises Rs 4,000 crore via AT1 bonds, coupon fixed at 7.72%
newsdepo.com
This was SBI's first such issuance at home after Sebi's new rules; bids in excess of Rs 10,000 crore were received against a base issue size of Rs 1,000 crore
Top-level exits: AU SFB says 'nothing to hide' on disclosure issues
newsdepo.com
Jaipur-based AU Small Finance Bank (AU Bank) on Wednesday tried to allay concerns of investors and depositors with regard to top-level resignations in recent months, saying that it is a «simple HR issue» that the company management is trying to re
Exim Bank extends $100 mn loan to Africa Finance Corp for infra development
newsdepo.com
Exim Bank of India has extended a line of credit of USD 100 million on behalf of the Indian government to the Africa Finance Corporation (AFC) to develop infrastructure
PNB cuts savings deposits rate by 10 bps to 2.9%, effective Sept 1
newsdepo.com
Bank officials said the decision is partly driven by huge liquidity that the bank continues to manage and also correction in rates vis-a-vis peers, especially PSU banks
Conclude loan guarantee scheme for medical infra in non-metros in time: FM
newsdepo.com
Finance Minister asked all stakeholders to conclude Rs 50,000 cr Loan Guarantee Scheme for Covid-Affected Sectors in time to deal with any future third wave
Rupee rallies 29 paise to end at nearly 12-week high on dollar inflows
newsdepo.com
The rupee strengthened further by 29 paise to close at a nearly 12-week high of 73.00 against the US dollar on Tuesday, marking its fourth straight session of gain
Bank of India announces closure of QIP issue; raises Rs 2,550 cr
newsdepo.com
Bank of India on Tuesday announced the closure of its QIP issue and said that it has raised Rs 2,550 crore by issuing more than 40.5 crore shares to the qualified institutional buyers.
The capital issue committee at its meeting held on August 31, 2021 has ap
Peter Thiel's founders fund backs $130 million Japan technology fund
newsdepo.com
Billionaire Thiel's Founders Fund is backing a new $130 million vehicle by Coral Capital to invest in Japan's technology startups as the country shakes off its image as a tough place for entrepreneurs
Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
newsdepo.com
Moody's on Monday rated Axis Bank's proposed additional tier I capital bonds, as part of its GMTN programme, three notches below its BCA and adjusted BCA, on the back of likelihoods of impairment.
