Finance News

Indian govt portal upgrade may halt new debt issues, says merchant bankers MUMBAI (Reuters) – Indian corporate bond issuances may come to a halt in the next two weeks as the government upgrades an online portal used by companies to file regulatory disclosures, merchant bankers have said. According to a notification from the Ministry of ...

Digital payment plaints highest in RBI’s integrated ombudsman scheme The Integrated Ombudsman scheme of the Reserve Bank of India and Consumer Education Protection Cell (CEPC) received 418,184 complaints in 2021-22, which is 9.4% higher than the previous year. Complaints relating to digital modes of payment and transactions were the highest, constituting 42.12% during the year. The rate of disposal ...

Private banks to report healthy earnings in Q3, aided by robust credit growth Private sector banks are expected to report healthy growth in earnings during the October–December quarter of FY23. This would be aided by robust credit growth, margin expansion, benign credit costs, and lower provisioning burden. However, operational costs may remain high due to ...

Turnaround of PSBs: From Rs 85K-cr loss in 2017 to nearing Rs 1-trn profit Public sector Banks have travelled a long distance since 2017 when they posted a net loss of Rs 85,390 crore to a profit of Rs 66,539 crore in FY22 and are estimated to touch a milestone of Rs 1 lakh crore by the ...

NARCL emerges as the top bidder for SREI twins with an NPV of Rs 5,555 cr National Asset Reconstruction Company Ltd (NARCL), or the government-backed bad bank to take over stressed assets of lenders, has emerged as the leading bidder in the auction for Srei Infrastructure Finance and Srei Equipment Finance. NARCL’s bid was the highest with ...

Odisha-based Annapurna Finance applies for universal bank license Bhubaneswar-based Annapurna Finance Private Limited (AFPL) has applied to the Reserve Bank of India for a universal bank licence during the quarter ended on December 31, the regulator said in a statement on Wednesday. Established in 2009, the micro-finance institution has been promoted by People’s Forum (PF), ...

Bajaj Finance loan booking up 5.5% in Q3FY23, hits lifetime high of 7.8 mn Consumer financier Bajaj Finance on Wednesday said that new loans booked by it in October–December quarter of FY23 were the highest ever at 7.8 million, up 5.4 per cent from the year-ago period. The company has also recorded its highest ever ...

Issues related to cards, net banking top complaint areas at OBO: RBI report Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO) during April 1 to November 11, 2021, an RBI report said on Wednesday. The volume of complaints received under the ...

Government bond yields little changed as traders await fresh triggers By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields ended little changed on Wednesday as traders awaited fresh triggers, after falling earlier in the session tracking easing U.S. yields and oil prices. The benchmark 10-year yield ended at 7.3212%, after closing at 7.3211% ...

Rupee recovers from all-time low level, gains 18 paise against dollar The rupee recovered from its all-time low level and settled 18 paise higher at 82.82 (provisional) against the US dollar on Wednesday, supported by easing crude oil prices. Forex traders said the weakness of the greenback in the overseas market, strong Asian peers and ...