Page 2 - Finance
US Fed's loans to provide $2 trn of liquidity in banking system: JP Morgan
The Bank Term Funding Program should be able to inject enough reserves into the banking system to reduce reserve scarcity and reverse the tightening that has taken place over the past year
 "US Fed's loans to provide $2 trn of liquidity in banking system: JP Morgan")
BofA gets more than $15 bn in deposits after Silicon Valley Bank collapse
The inflows offer a first glimpse into deluge of deposits that made its way to the country's largest banks as customers fearful of a spreading crisis sought refuge in the firms seen as too big to fail
 "BofA gets more than $15 bn in deposits after Silicon Valley Bank collapse")
'Help us rebuild' deposit base: Silicon Valley Bridge Bank's new CEO
Mayopoulos said on a Tuesday conference call with clients that the future of the bank "is still being charted," and that the company could be recapitalized, taken over by a new owner or wound down
 "'Help us rebuild' deposit base: Silicon Valley Bridge Bank's new CEO")
Silicon Valley Bank collapse: Benchmark yield slips the most in five months
SVB collapse likely to force Fed to go slow on rate hikes, say analysts
 "Silicon Valley Bank collapse: Benchmark yield slips the most in five months")
Beyond the Big Bank Theory: SVB collapse shows need for regulatory scrutiny
SVB now threatens the start-up ecosystem, which is already in the throes of a funding winter due to raising interest rates
 "Beyond the Big Bank Theory: SVB collapse shows need for regulatory scrutiny")
SVB collapse brings Softbank's startup financing under investors' lens
Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem
 "SVB collapse brings Softbank's startup financing under investors' lens")
SVB Crisis: What led to the collapse of start-ups' favourite bank?
What is the Silicon Valley Bank? What led to its collapse? Will customers get their money back? How will SVB's collapse hurt start-ups? Will SVB collapse hurt Indian banks? Read to find the answers
 "SVB Crisis: What led to the collapse of start-ups' favourite bank?")
Govt sees negligible impact from Silicon Valley Bank failure: Officials
Startup sector may be face liquidity issues; exposure of Indian banks to SVB yet to be ascertained
 "Govt sees negligible impact from Silicon Valley Bank failure: Officials")
Silicon Valley Bank crisis unlikely to affect Indian banks, say analysts
Have exposure to bigger banks only, not small ones: SBI chairman Khara
 "Silicon Valley Bank crisis unlikely to affect Indian banks, say analysts")
SVB fallout impact: Govts across globe stepping in to look for solution
Meity may meet advisory group on e-commerce and cyber laws; meanwhile US lawmakers rush to sell SVB assets and make portion of uninsured deposits available to account holders as early as Monday
 "SVB fallout impact: Govts across globe stepping in to look for solution")
Fintech outliers in the funding winter despite tough regulatory framework
According to Tracxn, which tracks start-up data, fund-raises by fintechs slowed in calendar 2022 to $5.65 billion, a drop of 47 per cent from the preceding year
 "Fintech outliers in the funding winter despite tough regulatory framework")
Account aggregator framework set to change dynamics in retail finance scene
The AA framework is creating a huge marketplace - based on customers' consent for sharing data - for all manner of financial vendors
 "Account aggregator framework set to change dynamics in retail finance scene")
Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain
The central bank's deputy governor says RBI has endeavoured to find a middle ground trying to balance between the innovation brought by fintechs and the unique risk they introduce
 "Self-regulation useful tool for setting rules for fintechs: RBI's M K Jain")
Finance, durables stocks see maximum FPI selling in last fortnight of Feb
Outflow from two of India's largest sectors in terms of market cap shows FPIs remain in 'sell' mode: Experts
 "Finance, durables stocks see maximum FPI selling in last fortnight of Feb")
Share sale overhang on YES Bank as three-year lock-in nears end for lender
Passive trackers likely to sell 67 mn shares; another 1.35 bn could be offloaded by individual investors
 "Share sale overhang on YES Bank as three-year lock-in nears end for lender")
UPI, PayNow tie-up: In payments, like geopolitics, India seeks a third way
Indian policy makers believe that the UPI and allied elements of what it calls "digital public infrastructure" are one of their biggest recent innovations
 "UPI, PayNow tie-up: In payments, like geopolitics, India seeks a third way")
Axis Bank completes acquisition of Citibank India's consumer business
This deal will have a 177 basis points bearing on Axis Bank's CET1 capital ratio
 "Axis Bank completes acquisition of Citibank India's consumer business")
Insurance companies yet to see fire sale of high-value life policies
Expect higher sales of such policies in March
 "Insurance companies yet to see fire sale of high-value life policies")
Banks request RBI to include more long-term bonds in H1 FY24 borrowing
Banks expressed reservations about floating rate bonds in next year's borrowing
 "Banks request RBI to include more long-term bonds in H1 FY24 borrowing")
Indian banks well placed to transit to Expected Credit Loss regime: S&P
This transition is not expected to change ratings on these banks
 "Indian banks well placed to transit to Expected Credit Loss regime: S&P")
