Sunflower oil prices have shot up by 20% as the Russian invasion of Ukraine has destroyed grinding and processing units in the war-ravaged country.
Indian banks will have to deal with smaller Russian banks to route transactions; larger Russian banks like Sherbank and VTB have come under sanctions imposed by the US and its Western allies.
Bank of Maharashtra, which raised Rs 290 crore by issuing Basel III compliant additional tier 1 (AT1) bonds, is looking to grow its credit by 16% and deposit by 10-12% in FY23.
HDFC Ltd has approved retail home loans of over Rs 2 lakh crore in FY22, its highest ever in a financial year.
Government holds roadshows to assess investor interest for stake sale of IDBI Bank before inviting EoI, minister of state for finance Bhagwat Karad said.
Punjab National Bank will convene a board meeting later this month to decide on its capital raising plan through debt for the next fiscal year.
Future Retail lenders are approaching Debt Recovery Tribunal to recover secured assets; some banks looking to invoke personal guarantees of Kishore Biyani.
State Bank of India has put on sale 12 non-performing loans to recover dues of over Rs 820 crore.
Reserve Bank of India has granted an extension of three months to RBL Bank’s interim managing director and CEO Rajeev Ahuja.
IDFC First Bank CEO V Vaidyanathan gifts 5 lakh shares of bank held by him to family members of a deceased colleague; value of shares as per current price is over Rs 2.1 cr.
Punjab National Bank reports fraud of Rs 2,060 crore in NPA account of IL&FS Tamil Nadu Power Company; bank already made provisions of Rs 824 cr.
Banks recover Rs 7.34 lakh cr in six-and-a-half-years; this includes Rs 55,895 cr recovery of fraud amount.
Retail inflation surges to 6.07% in February on higher food prices; is above RBI’s upper band target of 6%.
RBI says interest rates and other charges must not be usurious in nature; lays down guidelines that will bring banks and non-bank microfinance lenders on level playing field.
ICICI Bank has allotted 80,000 senior unsecured redeemable long-term bonds in the nature of debentures, aggregating to Rs 8,000 crore, on private placement basis.
