Abhijit Lele

It is looking to start new business lines like collection and recover services

Net profit of listed commercial banks is projected to grow by 43.6% YoY

The 10 year g-sec yield is expected to be at 7.0 per cent as against 7.21 per cent currently by end March 2024

Step will help develop onshore Indian rupee NDDC and provide residents with the flexibility to design hedging programmes

Pegs capital need at Rs 1,000 cr for three years

Banks were engaged in intense competition by offering higher interest rates on term money to mop up funds

Ease of movement of funds on digital platforms and deployment of money by businesses from current accounts also played a role in pruning the share of CASA money

Natural resources group has debt servicing obligations of about $3 bn

Credit quality improves as stage-3 assets dip to 4.6%

Interest rate hikes, global slowdown, stubborn inflation pose risk

The issuance of tier II as well as Tier I bonds was marked by increase in the coupon on instruments reflecting hardening of interest rates and tight liquidity

Sustained deleveraging, continued revenue, profitability growth boost rating

Shields banks from adverse impact from bond portfolio

Private transfer receipts, mainly representing remittances from Indians employed overseas, amounted to $30.8 billion, an increase of 31.7 per cent per cent YoY

Demerger expected to create a behemoth in financial services space

According to UCB executives, the RBI's move may put banks in a difficult position as only a few days are left to refigure the norms' enforcement

The change reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24

14 states, one UT raise Rs 41,200 cr, amount is 67% higher than that indicated for State Government Securities (SGS) for this week in the Q4FY23 auction calendar

The boards of TCFSL and TCCL have also accorded their approval

Rupee-denominated fund-raising would be worth Rs 20,000-25,000 crore in FY24, says export finance institution