SBI raises $750 mn via bonds on India INX under its $10 bn MTN programme SBI, the country’s largest public sector lender, on Monday raised USD 750 million under its USD 10 billion Global Medium Note programme to fund its overseas business growth. The fund was raised at INX’s Global Securities Market (GSM), GIFT International Financial Services Centre ...

RBI may reduce policy repo rate in fourth quarter of 2024: Oxford Economics Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar year as a mix of factors will allow the central bank to shift focus and adopt a more accommodative policy stance sooner. ...

RBI governor warns bank boards against overaggressive growth, evergreening RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement RBI MPC: When and where to watch policy announcement by Shaktikanta Das RBI Monetary Policy: Repo rate up by 25 bps, FY23 inflation ...

Microfinance loans grow 21.3% YoY to Rs 3.5 trn in FY23, says report Microfinance loans in India increased 21.3 per cent year-on-year (YoY) at Rs 3.5 trillion in Financial Year 2022-23 (FY23), backed by revised regulatory norms and higher demand. Asset quality profile improved with loans due in more than 90 days dipping to 1.06 per cent in March ...

Bank of Maharashtra emerges as top performer in NPA management during FY23 Bad loan firms call for rule change to open up sector to new players HDFC Bank shares fall post Q3 as moderating loan, deposit growth weighs Kotak Mahindra Bank’s consolidated net profit rises 17% in Q3FY23 Yes Bank completes transfer of $5.81 bn worth bad loans to JC ...

I-T dept says delayed SFT filing attracts penalty; check details here Old income tax regime vs new income tax regime: Which one is better? Budget 2023: Income tax slabs changed under new tax regime. Details here Wealthy Indians reporting lower income, paying less tax: DSE study Budget delivers a big boost for consumption-related stocks: Analysts Tax sops, Capex push, Adani ...

ICICI Bank to increase stake in general insurance arm to beyond 50% ICICI Bank best placed to face NIM shock; analysts see up to 44% upside ICICI Bank Q3 Preview: Analysts expect robust loan book to drive PAT growth ICICI Bank to report Q4 result on April 22; here’s what brokerages expect New tax norm to hurt insurers; stocks attractive ...

UPI to account for 90% of retail digital payments by 2026-27: PwC report Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report. Unified Payments Interface (UPI), which is driving the digital payments ...

Man booked for depositing fake Rs 2,000 notes in bank in Agra [ad_1] (This story originally appeared in on May 26, 2023) AGRA: A man was booked for trying to pass on fake Rs 2,000 currency notes while depositing Rs 2.85 crore at a State Bank of India branch in Agra. An FIR was registered in the city’s Rakabganj police ...

Psbs See Queues As Pvt Banks Turn Cautious [ad_1] (This story originally appeared in on May 27, 2023) MUMBAI: Public sector banks (PSBs) are bearing the brunt of the Rs 2,000 note exchange traffic, with many private bank branches being extra cautious in accepting notes for exchange. Most private sector branches insist on a request slip and proof of identity ...