Finance News

PNB gets board approval to raise Rs 7,500 crore through QIP or FPO Punjab National Bank on Thursday said its board has approved a proposal to raise Rs 7,500 crore capital through QIP or FPO. The fundraising exercise will be done in one or more tranches during the next financial year, the state-owned bank said in a late-evening regulatory filing. ...

RBI asks NBFCs to broad-base fundraising, reduce dependence on banks The Reserve Bank on Wednesday asked non-bank finance companies to broad-base their fundraising to limit reliance on banks as it called for strengthening balance sheets and guarding against frauds and data breaches. According to the report ‘Trend and Progress of Banking in India 2022-23’ released by the RBI, the Indian ...

Gold glitter on global cues, jumps Rs 450; silver climbs up by Rs 400 Gold prices surged Rs 450 to Rs 64,300 per 10 grams in the national capital on Thursday amid strong global cues, according to HDFC Securities. This is at least the second time the precious metal prices have touched a record high of Rs 64,300 per 10 ...

Fund pick: Mirae Asset Large & Midcap Fund Fund pick of Mirae Asset Large & Midcap Fund

Retail investor interest in derivative trading, SMIDS concerning: RBI The report said that the rally in the mid, small, and microcap segments was significantly larger than the gains made by the benchmark Nifty this year

SBI, HDFC Bank will need to maintain higher capital from FY25, says RBI The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer

Total amount of frauds reported by banks declines to six-year low: RBI However, the number of frauds that were reported by banks have gone up from 7,263 frauds in 2020-21 to 13,576 in 2022-23

Vehicle loan AUM for NBFCs to cross Rs 8 trillion in 2024-25: CRISIL The growth in AUMs will be driven by rising demand for commercial vehicles, cars, utility vehicles, and two-/three-wheelers

SBI becomes fifth bank to hike FD rates in December 2023 For deposits maturing in seven days to forty-five days, SBI increased interest rates by 50 basis points (bps).

RBI proposes framework to rationalise money changers' authorisation In order to reduce the regulatory burden and enhance the ease of doing business, it is proposed to renew an existing authorisation as an AD Category-II on a perpetual basis