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Wednesday, January 29, 2025

Indian banks in a squeeze as interest rates soar: S&P Global

India's banking sector is experiencing slow loan growth and margin pressure due to high interest rates. Loan growth is projected to drop significantly, and banks are focusing on retail deposits to strengthen their balance sheets. Despite this, net profits and bad loan ratios show improvement. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/y4nUe...
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Trump 2.0 threatens tariffs by no action yet, markets see it as gradualist approach: UBI Report

US President Donald Trump's approach in the second term on tariff announcements have been perceived by markets as a more gradualist approach compared to his earlier aggressive campaign rhetoric, says a report by Union Bank of India. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FrGYU...
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Australian inflation plunges to 3.2%, signaling RBA rate cut

Australian inflation has eased to a three-year low of 3.2%, raising expectations for a potential interest rate cut by the Reserve Bank of Australia (RBA). This could provide relief to mortgage holders and boost government support ahead of the upcoming election. Economists anticipate the RBA may lower rates to prevent job market downturn and economic recession. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/AbgZt...
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Bank stocks jump on RBI's Rs 1.5L crore liquidity boost plan

RBI's decision to infuse ₹1.5 lakh crore liquidity boosted banking stocks, leading to a sensex rise of 530 points. Despite a late sell-off, major banks led gains, while foreign funds continued selling. Mid- and small-cap sectors saw declines. Upcoming events, such as the US FOMC meeting and Union Budget, are expected to contribute to market volatility. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LHiv6...
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Tuesday, January 28, 2025

RBI takes over Aviom Housing Finance board

RBI supersedes Aviom India Housing Finance's board over governance concerns and payment defaults, following National Housing Bank's recommendation. Former Punjab National Bank GM Ram Kumar is appointed as administrator, and RBI will seek to appoint him as insolvency resolution professional via NCLT. Audits revealed fraudulent transactions and governance lapses, sparking RBI's intervention. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https...
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Sunday, January 26, 2025

Loan-related complaints up 43% in FY24, says RBI report

Consumer complaints related to loans and advances rose 43%, representing 29% of the total grievances against RBI-regulated entities in FY24, according to the Reserve Bank's Integrated Ombudsman Scheme report. Overall complaints increased by 33%, with a notable rise in grievances related to mobile and internet banking and deposit accounts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qmTdF...
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ICICI Bank Q3 net profit up 15% to Rs 11k crore

ICICI Bank's profit after tax increased by 14.8% year-on-year to Rs 11,792 crore for Q3-2024, driven by higher net interest income, fee earnings and a 15.1% loan growth. On a consolidated basis, profit rose by 16.6% to Rs 12,883 crore, with strong performance from subsidiaries. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DzMmy...
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