Finance News

CSB Bank appoints Pralay Mondal as MD & CEO with effect from Sep 15 Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering ...

Ujjivan Small Finance Bank closes QIP issue; raises Rs 475 crore Ujjivan Small Finance Bank on Thursday closed the qualified institutional placement through which it raised Rs 475 crore by issuing over 22.6 crore shares. The Small Finance Bank (SFB) issued a total of 22,61,90,476 equity shares at an issue price of Rs 21 per piece. The Qualified Institutions Placement ...

IndusInd Bank re-appoints Sumant Kathpalia as MD & CEO for 3 years Prior to joining IndusInd Bank, Kathpalia had stints with Citibank, Bank of America and ABN Amro

SBI Card raises Rs 500 cr through bonds on private placement basis Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only ...

SBI clarifies it's not a nodal bank for Russia-related transactions The country’s largest lender, State Bank of India (SBI) on Thursday clarified that it has not been identified as a nodal bank for handling Russia-related transactions

SBI likely to sell Rs 4k crore tier-2 bond next week; demand seen strong The country’s largest lender State Bank of India is likely to raise Rs 4,000 crore through the issuance of tier-2 bonds next week in order to augment capital amid firm credit growth, sources told Business Standard. The public sector bank had sold additional ...

Indian rupee weakens 0.3% to 79.69 as oil companies soak up dollars The Indian rupee declined on Thursday due to strong demand for the U.S. dollar from oil companies, while markets braced for a big rate hike from the U.S. Federal Reserve next week. The partially convertible rupee closed down 0.3% at 79.6975 per dollar, having fallen ...

Rupee rises 5 paise to 79.47 against US dollar amid rate hike concerns The rupee witnessed a range-bound trading in early trade on Thursday as a firm American currency and concerns about hawkish US Fed offset the support from positive domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.53 against the dollar, then ...

SBI raises benchmark prime lending rate by 70 basis points to 13.45% The country’s largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday. The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is ...

Rupee slides as US CPI data stokes speculation of 100 bps Fed hike The rupee weakened sharply against the dollar on Wednesday as a higher-than-expected US inflation print led to anticipation of a steep rate hike by the Federal Reserve, leading to global strengthening of the greenback. Government bonds also weakened as the US inflation data resulted ...