Muthoot Finance to raise up to Rs 1,000 crore capital through NCDs Gold loan focused non-bank lender Muthoot Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures. The fresh non-convertible debentures (NCDs), which is the 33rd public issue of the largest gold loan financier with over Rs 60,000 ...
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Q3 FY24 report card: Bank CASA continues to remain under pressure
Q3 FY24 report card: Bank CASA continues to remain under pressure According to provisional data, the CASA ratio of South Indian Bank dropped to 31.79 per cent from 33.83 per cent in the same quarter of the financial year 2022-23
Read More »Private life insurance companies paid more benefits than LIC in FY23
Private life insurance companies paid more benefits than LIC in FY23 Life Insurance Corporation of India paid out 4 per cent fewer benefits at Rs 3.39 trillion from Rs 3.53 trillion in FY22
Read More »Reserve Bank of India proposes to tighten banks' dividend payout norms
Reserve Bank of India proposes to tighten banks' dividend payout norms Furthermore, banks were required to meet the applicable regulatory capital requirement for each of the last three financial years including the financial year for which the dividend is proposed
Read More »RBI proposes banks with less than 6% net NPAs to declare dividends
RBI proposes banks with less than 6% net NPAs to declare dividends The Reserve Bank on Tuesday proposed allowing banks having net non-performing assets (NPAs) ratio of less than 6 per cent to declare dividends. As per the prevailing norms last updated in 2005, banks need to have a NNPA ratio of up to 7 per cent to become eligible ...
Read More »Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24
Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24 On a segmental basis, the bank said that as per its internal classification, its retail credit book grew by 20 per cent year-on-year, and its wholesale credit book grew by 17 per cent
Read More »Rupee dwindles 3 paise, reaches 83.19 against US dollar in early trade
Rupee dwindles 3 paise, reaches 83.19 against US dollar in early trade The rupee started the new year on a flat note and depreciated 3 paise to 83.19 against the US dollar in the morning session, amid a negative trend in domestic equities and dollar demand from importers. Forex traders said the rupee is trading in a narrow range as ...
Read More »SCBs well capitalised, capable of absorbing macroeconomic shocks: RBI
SCBs well capitalised, capable of absorbing macroeconomic shocks: RBI All banks would be able to meet the minimum regulatory common equity tier 1 (CET1) ratio of 5.5 per cent even under severe stress scenario
Read More »NPAs: Amount recovery via debt recovery tribunal falls to 9.2% in FY23
NPAs: Amount recovery via debt recovery tribunal falls to 9.2% in FY23 Recoveries via IBC were back to over 40% in FY23 after two lackluster years
Read More »SJVN secures Rs 10,000 cr construction finance facility from banks
SJVN secures Rs 10,000 cr construction finance facility from banks State-owned SJVN Ltd has secured Rs 10,000 crore construction finance facility to fund its upcoming renewable energy projects from a group of leading domestic and international lenders. The construction finance facility is a unique and first-of-its-kind transaction undertaken by a PSU entity and Public Sector Banks, a company statement said ...
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