Finance News

Banks may need to lift deposit rates as credit demand surges: RBI report India’s banking sector remained resilient in 2021/22 and lenders may have to raise deposit rates more to meet a surge in credit demand, the central bank said in a report on Tuesday. The Reserve Bank of India (RBI) has raised rates aggressively ...

Number of banking frauds go up in FY22; substantially down by value: RBI Banking frauds increased in number terms but the amount involved more than halved in FY2021-22, the Reserve Bank said on Tuesday. In FY22, banks reported 9,102 frauds involving an underlying amount of Rs 60,389 crore against 7,358 frauds with an amount involved ...

Retail loans likely to become a source of systemic risk, warns RBI Retail loans, long considered a panacea for the banking system, may become a systemic risk, the Reserve Bank said on Tuesday. The central bank, however, was quick to add that it is well-equipped with its policy toolkit to handle any systemic risk that ...

Banks’ balance sheet grows in double digits after 7 years: RBI report The health of Indian banks continued to improve in 2021-22 with their balance sheet growing at double digits after a gap of seven years and their asset quality and capital position bettering, the Reserve Bank of India (RBI) said in its annual report on trend ...

NBFCs need to be mindful of rising borrowing costs, says RBI report While non-banking finance companies (NBFCs) have weathered the pandemic reasonably well, they have to be mindful of the rising borrowing costs they face in the wake of tightening monetary policy measures, the Reserve Bank of India (RBI) said in its Trend and Progress Report for ...

Banks’ GNPAs fall 5% in Sept, but current situation can impact health: RBI Indian banks’ gross non-performing assets declined to 5.8 per cent, but the present macroeconomic environment can impact lenders’ health, the Reserve Bank said on Tuesday. The GNPAs, which touched a peak in FY18 following the asset quality review, have been declining sequentially ...

Rupee depreciates 20 paise to close at 82.85 on high US dollar demand The rupee declined 20 paise to close at 82.85 (provisional) against the US dollar on Tuesday, pressured by month-end dollar demand from importers and foreign capital outflows. At the interbank foreign exchange market, the rupee opened lower at 82.71 against the greenback ...

Private banks lead in credit growth in Q2 as demand grows: RBI data Private sector banks outpaced their state-owned peers in the second quarter ended September 2022, increasing their share in total credit to 38.4 per cent from 37.5 a year ago. The share of private lenders was 29.6 per cent five years ago, said ...

Rupee falls 9 paise to 82.74 against US dollar as crude prices rise The rupee declined 9 paise to 82.74 against the US dollar in early trade on Tuesday as rising crude prices weighed on investor sentiment. Besides, foreign fund outflows put pressure on the domestic unit, forex dealers said. At the interbank foreign ...

Central Bank of India to raise up to Rs 1,500 cr via bonds this fiscal State-owned Central Bank of India will raise up to Rs 1,500 crore this fiscal by issuing Basel III compliant bonds. The decision was taken at the bank’s board meeting held on Monday. The board of directors considered and approved ...