Airtel Payments Bank, Mastercard and Frontier Markets partner to support 1 lakh women-owned small businesses

New initiative aims to unlock opportunities for women-owned small businesses by enabling access to tools, resources and network from | The HinduBusinessLine https://ift.tt/KDr6I...

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RBI asks NBFCs to look beyond banks for funds

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yq1eH...

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Officers’ association alleges violation of listing norms at UTI AMC

When contacted, a company spokesperson said, “UTI AMC is in compliance with all the SEBI regulations” from | The HinduBusinessLine https://ift.tt/l0HM9...

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RBI gets tepid response to 14-day VRRR auction

The central bank received offers aggregating ₹22,419 crore against the notified amount of ₹1-lakh crore from | The HinduBusinessLine https://ift.tt/0bQUN...

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Sensex, Nifty extend losses for fifth straight week

Indian shares closed lower for the fifth consecutive week due to concerns over near-term inflation risks highlighted by the Reserve Bank of India's policy meeting minutes. Investors are now awaiting a speech by US Federal Reserve Chair Jerome Powell for further guidance. All major sectoral indexes declined, with financial services and IT being the most affected. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/U8SJc...

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Top insurers allotted over 5% equity shares in Union Bank’s Rs 5,000 crore QIP issue

SBI Life, ICICI Prudential, LIC, BNP Paribas, Bajaj Allianz, and Morgan Stanley receive significant allotments in Union Bank’s QIP issue, which closed on August 24 at Rs.86.55 per share. from | The HinduBusinessLine https://ift.tt/vsfGA...

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Doesn’t make economic sense to duplicate cards: HDFC Bank on network portability

HDFC Bank’s dual carding strategy gives the user one limit across multiple cards, says Parag Rao, Country Head – Payment Business, Consumer Finance, Technology and Digital Banking from | The HinduBusinessLine https://ift.tt/3atG5...

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Credit demand of digitised SMEs to cross $570b in 5 years, says report

According to a report by Redseer and GetVantage, out of the $220 billion credit demand, only $165 billion is being fulfilled from | The HinduBusinessLine https://ift.tt/FpX08...

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Sensex closes lower by 180 pts as RIL, HDFC Bank decline; snaps 3-day gaining streak

Benchmark stock indices Sensex and Nifty closed lower on Thursday after three days of gains dragged mainly by selling in index majors Reliance Industries and HDFC Bank. The BSE Sensex pared early gains to settle 180.96 points or 0.28 per cent lower at 65,252.34. During the day, it hit a high of 65,913.77 and a low of 65,181.94. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XQihr...

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Banks report robust credit, deposit growth in fortnight ended Aug 11

Deposits and credit of all scheduled bank increased by ₹67,813 crore and ₹72,575 crore, respectively, in the reporting fortnight from | The HinduBusinessLine https://ift.tt/giUQ6...

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Mastercard inks brand partnership with ICC for upcoming World Cup

Under this tie-up, Mastercard will be a global partner for the World Cup from | The HinduBusinessLine https://ift.tt/zbVg5...

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Bank credit to grow 13-13.5 pc in FY24: CARE Ratings

Margin trajectory could witness pressure in the later part of FY24 from | The HinduBusinessLine https://ift.tt/n0WvP...

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Sensex, Nifty rise on financials boost; small, mid-caps hit fresh highs

Indian shares closed higher on Wednesday as financial services stocks rebounded. The Nifty 50 index settled 0.25% higher, while the S&P BSE Sensex gained 0.33%. Financial services and banks led the gains, with Axis Bank, ICICI Bank, and State Bank of India among the top gainers. Mid-caps and small-caps also performed well, hitting fresh record and 19-month highs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/raMv2...

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Jefferies is hiring 10 investment bankers for India expansion

US advisory firm Jefferies Financial Group Inc is set to hire around 10 investment bankers in India as part of its expansion in the country. The positions will range from associate to managing director and will focus on sectors such as infrastructure and industrials. Jefferies has been increasing its presence in Asia Pacific and is among the banks that have recruited talent from Credit Suisse after its takeover by UBS. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://...

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CBI books Varun Industries promoters in ₹388-cr bank cheating case

Varun Industries promoters accused of siphoning off credit facility from Central Bank of India from | The HinduBusinessLine https://ift.tt/6JYE2...

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Fincare SFB reports Rs 97-crore net profit in Q1FY24, against Rs 48.69-crore net loss in year-ago period

Gross non-performing assets have declined to 2.12 per cent of gross advances as of June-end 2023 from | The HinduBusinessLine https://ift.tt/AU2iC...

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Incremental CRR effect: Banking system liquidity swings into deficit mode

The banking system has a liquidity deficit of ₹23,644.43 crore; RBI may conduct VRR auction from | The HinduBusinessLine https://ift.tt/a9uTz...

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Suspended Franklin’s debt fund assets liquidated, says SBI Funds Mgmt

Aggrieved investors had moved the Supreme Court which had directed SBI Funds Management to undertake the exercise of liquidation from | The HinduBusinessLine https://ift.tt/ygh3Z...

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CBI books bank officers, GTIL in Rs 4,000-crore loan fraud case

The Central Bureau of Investigation (CBI) has conducted searches at the office of GTL Infrastructure Ltd (GTIL) in Mumbai after registering an FIR against the company and unidentified officials of banks in a loan-fraud case of over Rs 4,000 crore. The banks are accused of assigning dues of Rs 3,224 crore of GTIL to an asset reconstruction firm for Rs 1,867 crore without securing their loans from collateral securities. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://i...

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India's banking system liquidity slips into deficit first time in FY24

Banking system liquidity stood at a deficit or Rs. 236 billion ($2.84 billion) as of Aug. 21, according to RBI data from | The HinduBusinessLine https://ift.tt/12aTg...

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RBI reluctant to hand out NBFC licenses to fintechs with common PE investors

Overlap in business risks and its contingent impact on banks seen as reasons for hesitation  from | The HinduBusinessLine https://ift.tt/0VY7F...

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Bank retirees worry over delay in pension updation after 30 years of ‘enabling provision’

Not financially viable, says IBA; retiree associations cite RTI information to prove their point  from | The HinduBusinessLine https://ift.tt/HdEv7...

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IIFL Home Finance secures $100-m debt funding from IFC

Partnership to boost women’s access to affordable housing finance, promote Green Homes in India from | The HinduBusinessLine https://ift.tt/MVQ4q...

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Bajaj Finance FD book crosses ₹50,000-crore milestone

The NBFC’s fixed deposits portfolio increased two-fold in the last two years from | The HinduBusinessLine https://ift.tt/wqTDH...

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Central Vigilance Commission reconstitutes advisory board on bank frauds

Frauds amounting to ₹3 crore and above must be referred to the panel for advice before criminal investigation from | The HinduBusinessLine https://ift.tt/EWJIq...

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Canara Bank introduces UPI interoperable digital rupee mobile app

It is the first bank in both the public and commercial sectors to offer this feature via its CBDC mobile app called the Canara Digital Rupee app, according to a company release from | The HinduBusinessLine https://ift.tt/5mJZB...

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China cuts key interest rate to support economy

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. The one-year loan prime rate, which serves as a benchmark for corporate loans, was reduced from 3.55 percent to 3.45 percent, the People's Bank of China (PBoC) said in a statement, while the five-year LPR, which is used to price mortgages, was held at 4.2 percent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/K...

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Gaja Capital, Piramal Alternatives-led consortium in race for Nainital Bank

Faering Capital, Unity SFB also likely bidders; Bank of Baroda to divest 50% stake in the first tranche  from | The HinduBusinessLine https://ift.tt/jdZ9o...

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Banks request RBI to allow them to extend silver metal loans to jewellery manufacturers

Cite success of gold loans; Demand for silver jewellery rising due to festivals, exports from | The HinduBusinessLine https://ift.tt/5Y9sM...

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RBI’s UDGAM portal: How to register, check details of unclaimed deposits

RBI says that users would be able to access the details of their unclaimed deposits in respect of seven banks presently available on the portal from | The HinduBusinessLine https://ift.tt/rDS4a...

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Punjab & Sind Bank aims for 4,000 branches, ATMs by March 2026

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fYxO3...

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