The ongoing retail-shift by banks may not be structural: RBI Bulletin

The retail credit outstanding at the end of March 2023, more than double of that in March 2018

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HDFC Life gets 942-crore GST demand notice

The company will be taking appropriate steps in due course to reply to the show cause notice; HDFC Life

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Sensex Nifty extend losses into 2nd day on rate hike fears

Equity benchmarks Sensex and Nifty buckled under selling pressure for the second straight session on Friday as a bearish trend in global equities and concerns over rate hikes by central banks unnerved investors. Besides, selling pressure in index majors Reliance Industries, Infosys and L&T also dragged the benchmark indices lower, traders said.

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LIC launches close-ended Dhan Vridhhi plan

The close-ended plan, which is a non-linked, non-participating, individual, savings, single-premium life insurance plan, will be available for sale from June 23 to September-end 2023

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Sensex Nifty extend losses into 2nd day on rate hike fears

Equity benchmarks Sensex and Nifty buckled under selling pressure for the second straight session on Friday as a bearish trend in global equities and concerns over rate hikes by central banks unnerved investors. Besides, selling pressure in index majors Reliance Industries, Infosys and L&T also dragged the benchmark indices lower, traders said.

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InCred Money launches corporate bond on new platform

The alternate assets platform to enable retail investors to diversify portfolio

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TReDS platforms enter discussions with insurers post RBI nod

However, tech integration, caution, pilot projects, and NACH development for debit and credit transactions slow down roll-out of TReDS-insurer integration

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How to unload 2000 notes through Amazon Pay?

Amazon Pay allows deposit of ₹50,000 per month through Cash Load at Doorstep service

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Indian farmers giving priority to payment of loans: Kotak Mahindra Bank official

‘Digital collection, credit scores, overall rural development helping’

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NaBFID to roll out take-out financing for banks

National Bank for Financing Infrastructure and Development plans credit enhancement for bonds from infrastructure companies

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Markets slip on caution over valuations hawkish global central banks

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NIIF in talks to raise $244 million for infrastructure

The vehicle would include some assets from Athaang Infrastructure, which operates toll roads

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Rupee better-performing currency amongst emerging market peers

The rupee remained constricted within the 81-83 band on aggressive RBI intervention, irrespective of the dollar’s performance through the past month

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J Swaminathan: How a silent banker made it to the RBI

Swaminathan Janakiraman to take charge as Deputy Governor of Reserve Bank of India from June 22

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Lloyds Banking Group to invest in new technology centre in Hyd

600 highly skilled specialists will be hired to enhances the Group’s customer experience and builds its in-house technical capability

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Credit Wise Capital partners with Muthoot Capital for two-wheeler loans

Credit Wise Capital, Muthoot Capital announce ₹400-cr co-lending partnership to digitise two-wheeler financing

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HDFC Credila: One of a kind deal for the HDFC group

Stretched negotiations, multiple downside risks to factor and a mandatory requirement from the regulator ensured the deal closed at 3.7x FY23 book value

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Paytm enables digital donations at Puri Jagannath temple during Rath Yatra

Users can win VIP Darshan for a second lucky draw which will be announced on June 25 for the Darshan on June 28. 

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Bank of Maharashtra gives credit sanction letters worth 270 crore in NCR

Expects good demand for retail, agriculture and MSME loans in NCR, says Executive Director Asheesh Pandey

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Microfinance sector reports improved post-pandemic growth repayments

Association of microfinance institutions, Sa-Dhan, seeks govt support for apex body

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Tata AIA Life net profit zooms to 506 crore in FY23 from 71 crore recorded last fiscal

Life insurer’s individual weighted new business premium grew 59%

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HC stays bank action under RBIs circular on fraud accounts

The Bombay high court on Monday stayed an action by banks under a master direction issued by the Reserve Bank of India (RBI) on ‘frauds classification’ of accounts till September 11. The HC’s interim order came while it was hearing a clutch of petitions challenging the top bank’s circular.

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BPEA EQT And ChrysCapital to acquire 90% stake in HDFC Credila

HDFC, in a statement, said this transaction will infuse primary proceeds of about ₹2,000 crore into the company. 

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HC stays bank action under RBIs circular on fraud accounts

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RBI injects 75000 cr into the banking system as liquidity tightens due to tax outflows

Overnight money market rates harden above repo rate

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TPG sells entire stake in Shriram Finance for $171 million

The US private equity firm sold its 2.65 per cent stake in the NBFC to investors in an open market transaction

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Markets retreat from record highs; Sensex falls 216 points

Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said.

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Max Life Insurance picks 2.99% stake in Capital Small Finance Bank for 49.5 crore

The investment has increased the CSFB’s Capital Adequacy Ratio by over 1% to 20.77%, highlighting its commitment to regulatory compliance and financial strength.

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Small Talk: A deal in doldrums

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Vault Matters: The question of ownership

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Adani initiates stake sale talks for its NBFC arm

Move seen as part of the group’s strategy to trim its non-core exposures

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Real interest rates at near 4-year high to temper growth in the coming months

Real repo rate rose to nearly four-year high of 2.2 per cent in May

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Reports alleging missing of banknotes are incorrect: RBI

It may be noted that all banknotes supplied from printing presses to RBI are properly accounted for, the Central bank said

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LIC announces relaxations for victims of cyclone Biparjoy

Insurance behemoth has created a portal link for the online submission of claims arising due to cyclone Biparjoy

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