Sundaram Home Finance eyes disbursements of over ₹10 crore in small biz loans

Chennai-headquartered company has stepped up presence with the inauguration of an exclusive small business loans branch in Coimbatore from The HinduBusinessLine - Money & Banking https://ift.tt/PB6C3...

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RBI on its toes as always: Sitharaman on Adani-Hindenburg issue

The Reserve Bank of India (RBI) is "very experienced" and fully aware of the matter related to the Adani Group crisis, union finance minister Nirmala Sitharaman on Saturday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SaXOe...

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Interest rate revision needs to be viewed from depositors’ point of view too: Shaktikanta Das

MPC has a mandate to maintain price stability, pointed out the RBI Governor from The HinduBusinessLine - Money & Banking https://ift.tt/UQVD6...

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Sundaram Home Finance eyes disbursements of over Rs 10 cr in small biz loans

Sundaram Home registered a 51 per cent jump in net profit for the third quarter ending December 31, 2022 at Rs 53 crore on disbursements of Rs 986 crore. On the inauguration of new branch in Coimbatore, he said, "We have a strong presence in the Coimbatore region for our home finance business." from Banking/Finance-Industry-Economic Times https://ift.tt/Bt6mw...

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RBI Governor talks about the effect of Repo rate hikes on home loans

from Banking/Finance-Industry-Economic Times https://ift.tt/VpqKM...

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Kanorias offer full payment of dues to regain Srei control

Promoters of Srei group, the Kanoria family has proposed to make full payment to lenders in a last-ditch attempt to regain control over the two bankrupt financial services firms that are in the last stage of debt resolution under corporate insolvency. from Banking/Finance-Industry-Economic Times https://ift.tt/GhRWe...

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BoM launches its own private cloud platform to strengthen digital infra

Also upgrades its mobile banking application from The HinduBusinessLine - Money & Banking https://ift.tt/J2wcL...

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India's forex reserves snap three-week rise

India's foreign exchange reserves fell for the first time in four weeks and stood at $575.27 billion in the week through February 3, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dY49h...

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Moody’s watching for any increase in Indian lenders’ Adani loans

“The main point we will be watching out for is if the banks decide to increase exposure to entities under the umbrella, where are those exposures going? Are they going to operating assets or not?” said Alka Anbarasu, associate managing director, Moody’s, in a Bloomberg TV interview on Friday. from Banking/Finance-Industry-Economic Times https://ift.tt/zAyYU...

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Finance lobbies call on India and EU to cut a deal amid RBI-ESMA rift over clearing houses

The standoff between Indian authorities and ESMA stems from the Reserve bank of India's refusal to accept ESMA's demand to inspect, and even penalise, key Indian CCPs like the Clearing Corporation of India Ltd which absorb the clearing and settlement risks in transactions like government securities, repos and widely traded derivatives like foreign exchange forwards and interest rate swaps used to hedge positions. from Banking/Finance-Industry-Economic Times https://ift.tt/8NgPG...

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Barclays likely to sell down exposure to Adani group

Among the lead lenders to fund 2022’s ACC- Ambuja takeover from The HinduBusinessLine - Money & Banking https://ift.tt/sSlFG...

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Rate hikes will not impact NBFCs' collections, says Icra Ratings

The RBI has hiked rates in five consecutive policy reviews since May 2022 in order to curb inflation, which has led to an overall jump in the interest rates in the system. from Banking/Finance-Industry-Economic Times https://ift.tt/j0Z1p...

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Finance Minister urges IMF to develop globally coordinated approach to crypto asset regulations

Sitharaman also thanked IMF for the support that it had been providing to the G20 Indian presidency on various work streams under the G20 FinanceTrack from The HinduBusinessLine - Money & Banking https://ift.tt/zdUMu...

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India’s new infrastructure lender plans debut $610 million bond

NaBFID wants to test the market in terms of pricing with the small issuance: MD Rai from The HinduBusinessLine - Money & Banking https://ift.tt/xkn8Z...

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Adani to prepay $500 million loan as banks balk to refinance

The development is the first concrete sign that global banks are becoming more wary of financing Adani’s empire and coincides with comments from France’s TotalEnergies SE that a multi-billion dollar plan to produce green hydrogen with the Indian tycoon has been put on hold, pending audits of his conglomerate. from Banking/Finance-Industry-Economic Times https://ift.tt/j3cAw...

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Events in one group won’t hit Indian banks: RBI governor

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iM0Rt...

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Adani plans to prepay $500 million March loan to banking group

Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year. A portion of that loan is due March 9. An Adani spokesperson said the conglomerate had been in talks with banks to refinance that part of the loan but has decided to prepay it. The spokesperson said discussions with the banks have not stalled. from Banking/Finance-Industry-Economic Times https://ift.tt/YS2GA...

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Is it time to pivot to equity mutual funds?

To help you achieve your financial goals, its time we turn to equity mutual funds from Banking/Finance-Industry-Economic Times https://ift.tt/nWfla...

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RBI to test QR-code based coin vending machines

RBI has announced its decision to extend UPI facility to inbound travellers from The HinduBusinessLine - Money & Banking https://ift.tt/EFypu...

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SBI expects home loans in TN to grow to ₹8500 cr in FY23

SBI’s home loan book for Tamil Nadu and Puducherry grew by ₹5,320 crore during April-December 2022 from The HinduBusinessLine - Money & Banking https://ift.tt/YaH9J...

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RBI hikes repo rate by 25 bps to 6.5%

The decision of the MPC was announced by RBI Governor Shaktikanta Das from The HinduBusinessLine - Money & Banking https://ift.tt/fDXGT...

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Banking laws recast likely to protect bankers from Lokpal

India is eyeing a significant revamp of the banking laws that includes ring-fencing bankers from the Lokpal Act, stock options for state-owned banks' employees, and review of the entire scheme of board constitution including composition and selection methodology. from Banking/Finance-Industry-Economic Times https://ift.tt/4tR0l...

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South Indian Bank launches wealth management platform

SIB Wealth is aimed at the bank’s high-net-worth individuals from The HinduBusinessLine - Money & Banking https://ift.tt/D4xy7...

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SBI has 'well-manageable' exposure to Adani Group: CreditSights

SBI's total exposure to Adani group was 0.9% of its total loan book: Chairman Dinesh Kumar Khara from The HinduBusinessLine - Money & Banking https://ift.tt/aTp0C...

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Adani still eligible to be part of influential JPMorgan bond indexes

Adani group of companies, which in recent weeks has seen a brutal selloff in its bonds and shares after being targetted by a US short-seller, is still eligible for inclusion in JPMorgan's influential bond indexes, the bank said in a note. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aO8yo...

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Don’t see loan exposure to Adani as an issue for SBI, says CreditSights

Research firm CreditSights on Tuesday said that it does not see the loan exposure to Adani Group stocks as an issue for the State Bank of India (SBI) given its strong general provision reserves buffer. The country's largest lender State Bank of India (SBI) has an exposure of Rs 27,000 crore from Banking/Finance-Industry-Economic Times https://ift.tt/9NUTF...

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Banks to face margin pressure next fiscal, net interest margin may fall by 10 basis points to 3.45%: Fitch

​​ "We expect the domestic banking sector's average net interest margin to slightly contract by about 10 bps (basis points) in FY24 to 3.45 per cent, following a 15 bps increase in FY23 to 3.55 per cent, in a base case scenario, but remain well above that during FY17-FY22 average of 3.1 per cent," Fitch Ratings said in a report. from Banking/Finance-Industry-Economic Times https://ift.tt/KluYE...

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Banks want funds in dormant accounts taken as CRR

Banks have reached out to the Reserve Bank of India (RBI) with a suggestion to count funds in unclaimed deposits and inoperative or dormant accounts towards the cash reserve ratio, or CRR, people familiar with the matter told ET. from Banking/Finance-Industry-Economic Times https://ift.tt/sRjbc...

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Sundaram Finance posts 20% rise in Q3 net at ₹243 cr

The company has also declared an interim dividend of ₹12 per share from The HinduBusinessLine - Money & Banking https://ift.tt/x8eCN...

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Bike Bazaar raises $10 million, closes its Series D round

The compnay would use the funds to penetrate into rural India, in line with the uptick in personal mobility needs from The HinduBusinessLine - Money & Banking https://ift.tt/8hdMy...

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IL&FS to distribute Rs 3,200 crore to IFIN creditors

As part of the interim distribution, IL&FS Group will be paying a total of Rs 3,200 crore to IFIN eligible creditors, that is being distributed in accordance with the NCLAT approved Revised Distribution Framework. Of the total of Rs 3,200 crore, Rs 2,250 crore is being paid to a combination of 28 state-run, private and foreign banks. Another Rs 950 crore will be distributed to over 500 public debenture holders, public funds including EPFO, Army Group Insurance and others. from Banking/Finance-Industry-Economic Times https://ift.tt/Lk27d...

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Indian banking sector stable and resilient, says RBI amid Adani stocks rout

from Banking/Finance-Industry-Economic Times https://ift.tt/HQJhg...

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Financial watchdogs to soon put time limits for key decisions

"We want them to put time limits on settlement of each kind of regulatory application...It's not a statutory deadline, but it is a target. Regulators can decide the time limit and then publish it," said one of the officials, who did not wish to be identified. The official said there cannot be a situation where a regulator does not decide on an application endlessly. from Banking/Finance-Industry-Economic Times https://ift.tt/Q6tqj...

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Kotak Mahindra Bank in fray for stake in IDBI Bank

Likely to retain IDBI Bank as subsidiary from The HinduBusinessLine - Money & Banking https://ift.tt/QCxPr...

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No systemic risk to the Indian financial system: Uday Kotak

Time to further strengthen Indian underwriting and capacity building, tweeted Kotak from The HinduBusinessLine - Money & Banking https://ift.tt/6vNyA...

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RCap lenders file plea challenging NCLT order

On Thursday, the Mumbai bench of the NCLT rejected a request from the CoC to hold a second auction for the resolution of Reliance Capital from The HinduBusinessLine - Money & Banking https://ift.tt/9GXm2...

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RBI may hike repo rate by 25 bps

With retail inflation cooling and IIP surging, the MPC may go for a modest rate hike from The HinduBusinessLine - Money & Banking https://ift.tt/QeGLy...

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