Finance News

What is ICICI Bank loan fraud case? Banking sector, meanwhile, turned the corner in 2022 and its stocks clocked maximum gains in the last five years. But this year will also be known for the arrest of sector giant Chanda Kochhar — who was one of the founding members of ICICI Bank. In this podcast, we explain what is the ...

Rupee gains 16 paise to 82.71 against US dollar on firm domestic equities The rupee appreciated 16 paise to 82.71 against the US dollar in early trade on Friday, tracking a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the ...

‘Important to arrive at a common international approach to crypto’: RBI The Crypto market remains volatile, and cryptocurrencies form “an unstable ecosystem”, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) released on Thursday. To address financial stability risks and protect investors, it is important to arrive at a “common approach to crypto ...

Top headlines: PM Modi’s mother passes away, bank’s NPA ratio at 10-yr low PM Narendra Modi’s mother Heeraben passes away at the age of 100 Prime Minister Narendra Modi’s mother Heeraben Modi passed away at the age of 100 years on Friday after being briefly admitted to a hospital in Ahmedabad. Informing about her ...

Nine NBFCs may fall below minimum capital requirement in baseline scenario As many as nine non-banking finance companies (NBFCs) from a sample of 152 could see their capital adequacy ratio fall below the regulatory minimum requirement, under the baseline scenario of Reserve Bank of India’s (RBI) stress testing, where it assesses the resilience of the sector to ...

Noida, Greater Noida authorities to invest Rs 1,812 crore for Intl’ airport The Noida Authority has decided to release Rs 1,359 crore and the Greater Noida Authority Rs 453 crore for establishment of the Noida International Airport, according to official statements. The Noida Authority and the Greater Noida Authority are 37.5 per cent and 12.5 ...

Banks’ net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI Rise in profitability that aided banks to improve their provisions has resulted in net non-performing assets (NPAs) to net advances ratio falling to 1.3 per cent in September 2022 – the lowest in ten years — the Reserve Bank of India’s (RBI’s) Financial Stability Report ...

Banks use quality liquid assets to fund credit growth: RBI report The decadal high credit growth amid slow deposit accretion and tight liquidity conditions have meant that banks are drawing down their high-quality liquid assets (HQLAs) to fund the demand for credit in the economy, the Reserve Bank of India’s (RBI) Financial Stability Report said. ...

Gross NPA ratio falls to 7-yr low of 5%, banking system remains sound: RBI The RBI on Thursday said banks’ gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised. In the 26th issue of the Financial Stability Report (FSR), the RBI also said ...

Indian banks to continue raising funds via debt market in Jan-Mar: analysts By Bhakti Tambe and Dharamraj Dhutia MUMBAI (Reuters) – Indian banks could continue to actively raise funds via debt markets in the January-March quarter as they look to strengthen their capital base and finance credit demand under existing favourable market conditions, analysts and ...