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Banking & Finance
‘Rural spend, demand will lead to pvt capex growth’
MUMBAI: With the revival of the much-delayed rural consumption on the back of growing income, aggregate demand conditions are gathering momentum, which in turn will lead to the revival of private capex, says the RBI bulletin for July.…
Sitharaman urges PSBs to enhance deposit growth
NEW DELHI: The slow growth in bank deposits again came up for discussion as finance minister Nirmala Sitharaman raised the issue with the chief of public sector banks (PSBs) during a review meeting in New Delhi on Monday. During the…
Mid-tier banks boost fixed deposit rates to 8.50%
MUMBAI: Borrowing a leaf from their larger peers who have been wooing depositors with attractive pricing for medium-term fixed deposits of up to 7.30% return per annum, several mid-tier banks are now doing the same offering as much as 8.50%…
SBI hikes lending rate by 10 bps across tenors
NEW DELHI: State Bank of India, the country's biggest lender, has raised the Marginal Cost of Funds-based Lending Rate (MCLR) by 10 basis points (0.1 percentage point), across tenors, making most of the consumer loans costlier. This is the…
State Bank raises rates on loans by 10 basis points
The bank has increased its overnight rate by 10 bps to 8.2%, one-month rate to 8.45%, three-months to 8.5%, six months to 8.85%, one-year to 8.95%, two-years to 9.05%, and three years to 9.10%.
Finance Ministry declines further comment on Hindenburg allegations against Sebi chairperson
Economic Affairs Secretary Ajay Seth stated that the government has no additional comments on the Hindenburg allegations, emphasizing that Sebi and the individuals involved have already addressed the matter.
RBI tweaks norms, home loans may get cheaper
At the same time, the regulator segregated risk weights for standard and stressed commercial real estate--residential buildings.
Hindenburg Research report: Left parties seek SEBI chief resignation
The revelations have exposed that the BJP’s tirade against corruption is only lip-services and they are involved in protecting the Adani Group at all levels, said CPI General Secretary, D Raja.
Yes Bank aims to ramp up growth capital, margins
As much as Rs 44,000 crore are tied up in the RIDF now for not achieving the mandated PSL targets in the previous four fiscals since the bankruptcy of the bank, he said.
Banks should bring in innovative products to mobilise deposits: FM Nirmala Sitharaman
RBI Governor Shaktikanta Das while unveiling the bi-monthly monetary policy earlier in the week, also had expressed concern of deposit-lending mismatch in the banking sector.
Inside Hindenburg’s claims: SEBI chief’s alleged conflicts of interest and offshore funds tied to…
Hindenburg claims SEBI Chair Madhabi Buch and her husband held stakes in offshore funds linked to the Adani scandal. The short-seller suggests this may explain SEBI’s lack of thorough investigation.
Government to introduce Banking Laws (Amendment) Bill in LS
NEW DELHI: The government is scheduled to introduce the Banking Laws (Amendment) Bill, 2024 which seeks to increase the option for nominees per bank account to four, from existing one, among others.
Another proposed change relates to…
RBI warns lenders on top-up loan push
MUMBAI: With the lenders (commercial banks) pushing top-up loans like never before, the Reserve Bank has flagged this as a potential risk for the system and asked all lenders to review such practices and take remedial action.
Top-up…
Sebi to ease entry barriers for registered advisors
MUMBAI: Market regulator Sebi is planning to make it easier for new registered investment advisers to register by reducing entry barriers for them by cutting compliance costs and making it more lucrative for new entrants.
In a…
MPC unlikely to begin rate cuts now
MUMBAI: Despite the rising chorus within the monetary policy committee (MPC) for slashing the interest rates and also change the policy stance, nobody is expecting the Reserve Bank-led rate setting panel to tweak the policy rates or even…
Power Sector Maharatna PFC Ltd. maintains strong growth, declares Rs. 3.25 Interim
New Delhi: "PFC’s sustained success is reflected in its ability to deliver value to shareholders. The company's strong performance has enabled it to declare an interim dividend of Rs. 3.25 per share in Q1’25, " said Power Sector…
Sebi amends mutual fund rules to curb front-running, insider trading
NEW DELHI: Capital markets regulator Sebi has amended mutual fund norms requiring Asset Management Companies (AMCs) to put in place an institutional mechanism to identify and deter front-running and insider trading in securities.…
SBI achieved a record high in per-employee productivity
Delhi: India's largest lender State Bank of India, under Dinesh Kumar Khara, who’s superannuating as Chairman on August 28 upon turning 63, saw its per employee productivity jumping to a record high.
Khara, an alumni of the Delhi School…
Sebi will create performance validation agency to verify better returns.
Mumbai: As part of the broader efforts of Securities and Exchange Board of India (SEBI) to facilitate and streamline the registration and operational processes for intermediaries, the regulator will soon have a performance validation agency…
Exchanges need to disclose shareholding patterns: Sebi
MUMBAI: Markets regulator Sebi has amended the rules requiring stock exchanges and clearing corporations to disclose their shareholding patterns on their websites on a quarterly basis, in line with the listing obligations (LODR) regulations…