Finance News

RBI turns down Federal Bank MD & CEO extension request for one year Bank need to submit fresh proposal of 2 candidates in order of preference

RBI says Rs 2,000 notes can be exchanged through post offices as well The Reserve Bank of India (RBI) has said that Rs 2,000 notes can be exchanged through post offices as well. There are reports of people queuing up at the RBI offices for returning the Rs 2,000 notes. In a set of Frequently Asked Questions (FAQs) on its ...

Indian investment bankers earn $1.3 billion in fees, highest since 2000 The equity capital market (ECM) underwriting fees reached $343.5 million, a 68 per cent rise from a year ago. ECM fee includes the fee from IPOs and follow-on offers

RBI revises definition of politically-exposed persons for KYC purpose The Reserve Bank of India (RBI) has changed the definition of Politically-Exposed Persons (PEPs) under its norms, a move that will make it easier for those individuals to carry out various banking transactions, including availing loans. Certain changes have been made in the RBI’s Know Your Customer (KYC) norms. The earlier ...

State Bank of India concludes placement of $250 million green bond This is part of SBI’s $10 billion medium-term note program and was raised through private placement facilitated by the lender’s London branch

Fund review: Mirae Asset Large Cap Fund review: Mirae Asset Large Cap

Bandhan Bank advances in Q3 FY24 increase by 18.6% to Rs 1.6 trn Total deposits grew 14.8% to Rs 1.17 trn, lender tells exchanges

Muthoot Finance to raise up to Rs 1,000 crore capital through NCDs Gold loan focused non-bank lender Muthoot Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures. The fresh non-convertible debentures (NCDs), which is the 33rd public issue of the largest gold loan financier with over Rs 60,000 ...

Q3 FY24 report card: Bank CASA continues to remain under pressure According to provisional data, the CASA ratio of South Indian Bank dropped to 31.79 per cent from 33.83 per cent in the same quarter of the financial year 2022-23

Private life insurance companies paid more benefits than LIC in FY23 Life Insurance Corporation of India paid out 4 per cent fewer benefits at Rs 3.39 trillion from Rs 3.53 trillion in FY22