SBI Overseas Bonds Draw $2.46B in Orders
Key takeaways State Bank of India raised $500 million from overseas investors. The bond carries a 5.25% yearly coupon, or…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
Bank of Baroda Bonds Raise $700 Million in Two Tranches
Key takeaways Bank of Baroda has completed a $700 million bond issue. The debt has two parts, with three-year and…
India’s Bank Deposits Grow 15.4% as NRI Dollar Inflows Cross $37 Billion
India’s bank deposits are growing at their fastest pace in nearly a decade, helped by a sharp increase in foreign-currency…
Equitas Universal Bank License Plan: Why It Will Move Slowly
Key takeaways Equitas Small Finance Bank says it will take a careful path toward a universal bank license. A universal…
RBI Bars Banks, NBFCs from Selling Stressed Assets Back to Defaulting Borrowers
The Reserve Bank of India (RBI) has barred banks, non-banking financial companies (NBFCs), and other regulated entities from selling acquired…
FCNR scheme could draw $70-80 billion from NRIs
Key takeaways FCNR scheme could bring in $70-80 billion from non-resident Indians, or NRIs. An FCNR scheme is a bank…
RBI overseas deposit scheme may bring $30 billion to PSBs
RBI overseas deposit scheme could help India’s public sector banks raise about $30 billion from Indians living abroad, according to…
SBI Mobilizes $1.9 Billion Under RBI Hedging Scheme in June
SBI mobilized $1.9 billion in June under the RBI hedging scheme, boosting foreign currency inflows and forex risk management for…
RBI board governance norms: what changes on October 1
India’s central bank has reset RBI board governance norms for commercial banks, urban co-op banks, and some finance firms from…
Digital euro rules move ahead as EU eyes 2029 launch
Key takeaways The EU has started formal talks on digital euro rules. Officials are discussing how a state-backed digital euro…