Search For "banks"
Evonith Steel successfully completes refinancing with an INR 1,700 crores
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], October 9: Evonith Steel has successfully completed the refinancing of its Non - Convertible Debentures (NCDs) with a new facility of INR 1,700 Cr (c. US$ 200 Mn). This fundraising has allowed prepayment of all NCDs (NCD A & NCD B) held by Indian Banks along
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Rate cut likely in December amid continued concerns on inflation and geo-p
Updated : 1 year, 5 months ago IST
Joshi said, "This signals circumspection, it also underscores the likelihood of a rate cut in December. The outsized US Federal Reserve rate cut of 50 basis points in September marked complete and a decisive turn in monetary policy among major central banks. Yet, for emerging market peers, d
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Non-lending financial service companies are better placed than banks in a
Updated : 1 year, 5 months ago IST
The non-lending financial service companies are better equipped to manage the impacts of rate cuts compared to traditional lending businesses, highlighted a report by Deven Choksey Research.
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Profit of public sector banks expected to decline by 0.6 per cent QoQ : Mo
Updated : 1 year, 5 months ago IST
As the earnings season for the second quarter of FY25 unfolds, public sector banks (PSBs) are expected to see a slight dip in profits compared to the previous quarter, according to a report by Motilal Oswal.
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FM Sitharaman meets G20 expert group member Prof Stern on strengthening mu
Updated : 1 year, 5 months ago IST
Union Finance and Corporate Affairs Minister Nirmala Sitharaman, in a key meeting in New Delhi held discussion with Prof. Nick Stern, a member of the G20 Independent Expert Group on strengthening Multilateral Development Banks (MDBs).
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IDFC FIRST Bank Goes Live on GST Portal for Seamless Tax Payments
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], October 5: IDFC FIRST Bank is pleased to announce its integration with the Goods and Services Tax (GST) portal, enabling seamless GST payments. Customers will now benefit from an intuitive, hassle-free payment experience, with instant payment confirmations and e
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RBI's potential 50 bps rate cut will have 15-20 bps impact on bank's net i
Updated : 1 year, 5 months ago IST
If the Reserve Bank of India goes for a potential 50 basis point (bp) cut in the repo rate, it is expected to negatively impact the net interest margins (NIMs) of large private banks by 15-20 basis points, highlighted a report by Nomura.
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MP: Devotees throng Kali Mata Temple on first day of Shardiya Navratri in
Updated : 1 year, 5 months ago IST
The devotees queued up at the temple located on the banks of Chota Talab in the city since early morning and worshipped the Goddess.
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NBFCs tap alternatives to grow as loans from banks slow: Crisil Ratings
Updated : 1 year, 5 months ago IST
Non-banking financial companies (NBFCs) are increasingly attempting to access funding sources beyond banks, such as through non-convertible debentures (NCD), commercial papers (CP), foreign currency borrowings (FCB) and securitisation, to continue their growth march, asserted Crisil Ratings.
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Financial condition of regional rural banks in north-east improved after r
Updated : 1 year, 5 months ago IST
The financial condition of the Regional Rural Banks (RRBs) of the Northeast have improved since regular reviews began in 2022, highlighted the Ministry of Finance.
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Union Finance Minister Nirmala Sitharaman reviews performance of RRBs in N
Updated : 1 year, 5 months ago IST
Union Finance Minister Nirmala Sitharaman chaired a meeting to review the performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh, on Monday.
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Indian banks expected to see improved loan-to-deposit ratios
Updated : 1 year, 5 months ago IST
Indian banks are expected to see improvements in their loan-to-deposit ratios after a large majority of them reported increases in the April-June quarter.
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