Wednesday, Oct 27, 2021 | Last Update : 09:47 AM IST

FALAKNAAZ SYED

In another promising start to the earnings season, state-owned Bank of Maharashtra (BoM) doubled its net profit at Rs 264 crore in the September quarter against Rs 130 crore in the same quarter last year on a sharp rise in net interest income and recovery from DHFL. — DC

IDBI Bank, BoM report rise in interest income

IDBI Bank’s net interest income rose 9 per cent at Rs 1,854 crore for Q2 FY22

22 Oct 2021 7:23 AM

The coverage under private pension arrangement is just about 6 per cent in India. (Photo: PTI/Representational)

Indian pension system ranks amongst worst

With little social security coverage, the workforce in India has to manage pension savings on its own for the most part

20 Oct 2021 9:00 AM

The RBI said an inspection by it found that the lender failed to credit (shadow reversal) the amount involved in the unauthorised electronic transactions. (Photo: PTI/File)

RBI fines SBI, StanChart for rules violation

On SBI, the central bank said the lender delayed reporting fraud in a customer account to it

19 Oct 2021 7:33 AM

Sankar said there is an effort to liberalise FPI debt flows further with the introduction of the Fully Accessible Route (FAR) which places no limit on non-resident investment in specified benchmark securities.— DC file photo

RBI hints at moves to ease capital controls

RBI's Sankar said from a macroprudential perspective, it needs to be considered whether FAR should be linked to index inclusion

15 Oct 2021 7:52 AM

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.23 per cent higher at 94.28. (Photo: PTI/File)

Re, bonds come under pressure

The rupee finally settled at 75.36 a dollar, a level not seen since July 14, 2020

12 Oct 2021 7:15 AM

The RBI had last cut the repo rate by 40 basis points on May 22, 2020 to 4 per cent to boost demand and refrained from taking any action on interest rates. (AA File Image)

RBI seen targeting liquidity this time

Economists also expect the MPC to revise its inflation projections downwards

04 Oct 2021 3:53 AM

Payment services such as electricity bills, gas, water or any other utility bills, mobile recharge, DTH, OTT, automatic subscriptions for newspapers, magazines, insurance premium, Netflix, Amazon, will mandatorily require additional factor of authentication (AFA) from Friday. (DC File Image)

Automated bill/card payments stop from today

All monthly mutual fund systematic investment plans (SIPs) or EMIs for loans from the savings or current accounts will continue

01 Oct 2021 3:10 AM

The creditors of DHFL, including fixed deposit (FD) holders, would recover an aggregate amount of Rs 38,000 crore from the resolution process of DHFL. (Twitter)

Piramal completes DHFL buy, pays Rs 34,250 crore

As a part of the process, Piramal Capital and Housing Finance Ltd will merge with DHFL

30 Sep 2021 4:41 AM

HDFC Bank on Wednesday said that it has issued a record number of 4 lakh credit cards after the central bank lifted a ban on issuing new cards last month. (DC Image)

HDFC Bank acquires 4 lakh credit card users post lifting of ban

The bank said its new strategy to recapture the lost market share in the credit card market

30 Sep 2021 4:31 AM

China Evergrande Group’s debt crisis could lead to the rupee depreciating to the 75 level against the dollar. (Photo: PTI/File)

Chinese risk to Rupee not over yet

The lesser than expected correction in Chinese shares is a short term breather for the markets

23 Sep 2021 7:59 AM

The DICGC (Amend-ment) Act, 2021 has come into force with effect from September 1,the RBI said. (Representative Image)

Co-op depositors can now claim up to Rs 5 Lakh from bank

Depositors will now need to contact the bank and submit a declaration of willingness to claim the amount

23 Sep 2021 7:54 AM

HDFC's festival offer is applicable to all new loan applications irrespective of the loan amount or employment category. (Photo: PTI/File)

Realtors hopeful as HDFC too offers loans at 6.7 per cent

Last week, SBI offered a similar credit score linked home loan rate of 6.70 per cent

22 Sep 2021 7:21 AM

The dollar-rupee traded in a wide range between 73.8250 and 73.6150. (Photo: PTI/File)

Rupee falls 26 paise against dollar

Monday’s close was 26 paise down compared to the rupee’s previous session on Friday

21 Sep 2021 7:19 AM

Speaking at a CII event, Michael Patra, deputy governor at RBI, said core inflation remains sticky even though the headline numbers have moderated since May. (Twitter)

Inflation to stabilise only by FY24: Patra

Retail inflation moderated to 5.3 per cent in August but remained above the medium-term target of the RBI

17 Sep 2021 2:39 AM

With the onset of the festive season, SBI has also waived processing fees on home loans and occupation-linked interest premium. Representational Image. (PTI)

SBI cuts home loan rate to 6.7%, BoB to 6.75%

A Cibil credit score of more than 800 will make a borrower eligible for a home loan rate of 6.7 per cent

17 Sep 2021 2:18 AM

VIL’s debt from banks and financial institutions stood at Rs 23,400 crore. (Photo: PTI)

Telecom relief eases default risk for banks

However, bankers said they are awaiting the plan of action from the telecom companies to assess the situation

16 Sep 2021 7:24 AM

The six entities that have completed the test phase include “the products were evaluated based on mutually agreed test scenarios and expected outcomes. All the products have been found viable within the boundary conditions defined during testing under Regulatory Sandbox,” the RBI said. — DC file photo

Eight firms selected for cross-border payments

RBI said Book My Forex product facilitates fully online outward cross-border remittances to bank accounts and debit/prepaid cards overseas

14 Sep 2021 9:00 AM

Corona Rakshak is a fixed benefit plan in which if a policyholder is diagnosed with Covid-19 and hospitalised for three days, a fixed amount (the sum insur-ed) will be paid by the insurance companies. — Representational image/DC

Covid-specific insurance plans can be sold till March 31

Corona Kavach is an indemnity plan that will cover hospitalisation expenses

14 Sep 2021 8:57 AM

The court said that inordinate delays cause commercial uncertainty, degradation in the value of corporate debtor and makes the insolvency process inefficient and expensive. — PTI

Debt resolution plan can’t be withdrawn: SC

The court held that the 330 days outer limit of the CIRP under Section 12(3) of the IBC can be extended only in exceptional circumstances

14 Sep 2021 8:55 AM

The acquisition at 2.5 times the embedded value (of Exide Life) is still 30-35 per cent cheaper than what other listed life insurers are trading at, Padalkar said. — Representational image/Twitter

HDFC Life to take over Exide LIfe for Rs 6.7K cr

Once the share issue happens, Exide Industries will be on-boarded as shareholder in HDFC Life and will have 4.1% stake in the merged entity

04 Sep 2021 7:56 AM

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Sunanda K Datta Ray