Finance News

IndusInd Bank signs $100 mn loan deal with JBIC to push Japanese equipment Analysts cautious on IndusInd Bank despite all-round beat in Q3; here’s why IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City IndusInd Bank gains 5% as Hinduja looks to raise ...

Home loan demand declines, special interest rates to continue In a relief to prospective home loan buyers, large mortgage players, such as State Bank of India, ICICI Bank, and HDFC, have extended their special home loan rates for new customers. These rates are slightly lower than those for existing customers. The move comes after the Reserve Bank of India ...

Indian insurers see steep rise in reinsurance rates in April renewals Although it was expected that Indian insurers would feel the heat of high reinsurance rates this renewal season, the quantum of a hike in rates has taken the industry by surprise. Sources said most Indian insurers have seen a steep rise in reinsurance rates this renewal season, with ...

Cube Highways and Infra InvIT raises Rs 5,226 cr from BCI, Mubadala Budget 2023 to increase capex for infra projects for growth: Experts India Inc leans on InvITs to reduce debt, generate returns for investors Cube Highways files document for privately placed Rs 5,226-crore InvIT NSE Indices launches India’s first REITs & InvITs index with six securities Tata Trusts CEO ...

RBI to come up with new rules on classification of accounts as fraudulent The Reserve Bank of India (RBI) will soon develop a set of rules that will govern the declaration of a bank account as fraudulent, a report by The Economic Times (ET) said. This comes nearly a month after the Supreme Court asked banks to hear the borrower ...

HDFC Capital to hike stake in proptech startup Reloy by up to 2.4% HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on ...

NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL Education loan assets under management (AUM) of non-banking financial companies (NBFCs) are projected to grow by 35-40 per cent to around Rs 35,000 crore in the financial year 2023–24, riding on specialised business models and an increase in the number of students travelling abroad, CRISIL Ratings ...

Cumulative impact of monetary policy actions still unfolding: RBI guv Das RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday. Das, along with ...

Ultra-rich Indians are now parking more money in gold: Knight Frank survey Wealth of 9 in every 10 ultra-rich Indians rose in ’22: Knight Frank report Philanthropy by India’s super rich falls by a third in FY22, says report How to set up a family office abroad? More wealthy Indians want to know Samsung Galaxy S23 Ultra review: Maxed-out phone ...

SBI General FY23 net profit jumps 40% to Rs 184 cr, premium up by 17.6% SBI General Insurance, the unlisted arm of State Bank, on Friday said its net income surged 40 per cent year-on-year to Rs 184 crore in FY23 on a gross written premium income of Rs 10,888 crore. The company said it could sustain the ...