With increased risk weights and exposure reaching sectoral limits, bank direct lending to non-banking finance companies (NBFCs) in the country is expected to be Rs 1.7-1.9 trillion in the next financial year (FY25), according to rating agency ICRA. The incremental direct bank lending to NBFCs was Rs 1.61 trillion in the 10-month of… Continue reading Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA | Finance News
Tag: Bank
World Bank to share more data to attract investors to developing countries | World News
“All this work contributes to one goal: getting more private sector capital into developing economies to drive impact and create jobs,” Banga said. Photo: Bloomberg The World Bank will publish more of its proprietary data, including on debt defaults, starting next week as part of a push to attract more private sector investment to… Continue reading World Bank to share more data to attract investors to developing countries | World News
Nifty50 major hurdle at 19,300; Bias for Bank Nifty bearish in near-term
Nifty50 exhibits short-term bullish trend; check out key support and resistance levels The Nifty50 index (last close: 19,517) continues to reflect bullish trend on the short-term charts, with current pullback seen as a healthy correction in the near term. This presents an opportune moment for investors to seek out favorable entry points during market dips.… Continue reading Nifty50 major hurdle at 19,300; Bias for Bank Nifty bearish in near-term
HDFC Bank’s Jagdishan highest-paid bank CEO in FY23, gets Rs 10.55 crore
Sashidhar Jagdishan, MD and CEO of HDFC Bank HDFC Bank’s Sashidhar Jagdishan has emerged as the highest-paid bank chief executive in financial year 2022-23, grossing over Rs 10.55 crore in overall pay. Amitabh Chaudhry of Axis Bank drew Rs 9.75 crore payout and was the second highest paid bank CEO. He was… Continue reading HDFC Bank’s Jagdishan highest-paid bank CEO in FY23, gets Rs 10.55 crore
Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data
Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year basis in the first three months of the current fiscal, according to Reserve Bank data. Players in the MSME sector, the backbone of domestic industry and largest employer, said risk averseness makes banks reluctant to provide loans to… Continue reading Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data
Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
In a bid to expand fee-based income, state-owned Punjab & Sind Bank is planning to foray into mutual fund space and hopes to find a partner by September, a senior official has said. “The bank has already floated a Request for Proposal to finalise a partner in the Fintech space, and we hope… Continue reading Punjab & Sind Bank plans to foray into mutual fund space; to finalise partner by Sep
Credit extended to Videocon caused loss of Rs 1,000 cr to ICICI Bank
The credit facilities sanctioned by the ICICI Bank to the Videocon group turned into non-performing assets (NPAs) of more than Rs 1,000 crore, the CBI has claimed in the charge sheet filed against the bank’s former CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon founder Venugopal Dhoot. The over 10,000 pages-long charge… Continue reading Credit extended to Videocon caused loss of Rs 1,000 cr to ICICI Bank
Punjab & Sind Bank Q1 net profit falls 25 pc to Rs 153 crore
Public sector lender Punjab & Sind Bank on Saturday reported a 25 per cent decline in net profit to Rs 153 crore for the June 2023 quarter, partly due to the provision of wage revision and fresh slippages. The lender had reported a net profit of Rs 205 crore in the April-June quarter… Continue reading Punjab & Sind Bank Q1 net profit falls 25 pc to Rs 153 crore
How’ll you crush PTI when its vote bank is increasing, Imran asked Pak govt
A day before his arrest, Pakistan’s ousted prime minister Imran Khan claimed that his party would sweep the next elections as the vindictive actions taken against him and his supporters by the Shehbaz Sharif-led government, backed by the military establishment, were only increasing his party’s vote bank. The 70-year-old embattled former premier was… Continue reading How’ll you crush PTI when its vote bank is increasing, Imran asked Pak govt
Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income
Public sector lender Bank of Baroda’s net profit rose by 87.7 per cent on a year-on-year (YoY) basis at Rs 4,070 crore in quarter ended June 2023 (Q1FY24) on robust growth in net interest income as well as non-interest income. Sequentially, the public sector lender’s profit went down from Rs 4,775 crore in… Continue reading Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income