https://thenfapost.com News, Facts and Analysis on Startup, Technology & Business Tue, 30 Jan 2024 05:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 The NFA Post News, Facts and Analysis on Startup, Technology & Business clean https://thenfapost.com/2024/01/30/govt-may-raise-dividend-target-to-rs-70k-cr-from-rbi-banks-fis-in-budget/ Tue, 30 Jan 2024 05:30:00 +0000 https://thenfapost.com/?p=338897 The current financial year estimate has already exceeded the Budget target as RBI paid a dividend of Rs 87,416 crore New Delhi, NFAPost: Having reaped rich dividends from the Reserve Bank in the current financial year, the government will be looking forward to receiving about Rs 70,000 crore from the central bank and the financial […]]]> https://thenfapost.com/2023/08/24/banking-systems-liquidity-slips-into-deficit-for-first-time-in-fy24/ Thu, 24 Aug 2023 06:32:53 +0000 https://thenfapost.com/?p=296425 Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data Mumbai, NFAPost: India’s banking system liquidity has slipped into deficit for the first time this financial year after the Reserve Bank of India’s temporary liquidity withdrawal move and tax outflows. Banking system liquidity stood […]]]> https://thenfapost.com/2022/05/28/economic-recovery-is-underway-despite-headwinds/ Sat, 28 May 2022 02:30:26 +0000 https://thenfapost.com/?p=181017 —–RBI balance sheet grew by 8.46% in FY22: Annual report —-The year ended with an overall surplus of Rs 30,307.45 crore as against Rs 99,122 crore in the previous year, the RBI annual report showed —-Income for the year FY22 rose to Rs 1,60,112.13 crore from Rs 1,33 272.75 crore in FY21. —-Private banks contribute […]]]> https://thenfapost.com/2021/07/20/upward-movement-in-yield-curve-could-weigh-down-banks-profitability-says-ind-ra/ Tue, 20 Jul 2021 07:44:50 +0000 https://thenfapost.com/?p=100093 As the inflation data for May and June 2021 breaches the Reserve Bank of India’s (RBI) target corridor, it could exert pressure on the long-term yield curve, says India Ratings and Research (Ind-Ra). Ind-Ra’s analysis shows that this could have a significant impact on the profitability of the Indian banking system. A 100bp upward shift […]]]> https://thenfapost.com/2021/05/22/mumbai-delhi-and-bengaluru-top-housing-loan-market/ Sat, 22 May 2021 10:42:29 +0000 https://thenfapost.com/?p=83409 Public Sector Banks have retained the largest market share in housing loans(HL) by value and volume, with a near 45% share over the last 3 years, says a report from CRIF CreditScape: Housing Loans. The report provides insights on the home loans space and notable trends across geographies and yearly data points on the same […]]]> https://thenfapost.com/2021/05/13/paypal-introduces-digital-foreign-inward-remittance-advice/ Thu, 13 May 2021 07:39:05 +0000 https://thenfapost.com/?p=80427 Digital payments company PayPal has introduced an automated process to obtain the monthly Foreign Inward Remittance Advice (FIRA). At a zero-cost, PayPal merchants will now be able to download their monthly digital FIRA issued by the bank by simply logging into their PayPal account, PayPal said in a release. The fully automated process will not […]]]> https://thenfapost.com/2021/04/24/appsealing-embraces-securing-indian-banks-in-less-cash-economy/ Sat, 24 Apr 2021 10:35:24 +0000 https://thenfapost.com/?p=74577 INKA Entworks aims to extend total digital security for Indian banks through its security platform, AppSealing. The advent of the COVID-19 pandemic is largely disrupting in-branch banking, compelling customers to embrace digital alternatives while accelerating a ‘less-cash economy’ situation, a release said. With most people shifting to online payments alternatives, the banking sector is experiencing […]]]> https://thenfapost.com/2021/04/12/we-will-continue-to-create-large-scale-impact-says-bandhan-founder/ Mon, 12 Apr 2021 10:28:43 +0000 https://thenfapost.com/?p=70144 What started off as a humble initiative with the objectives of women empowerment and poverty alleviation, Bandhan has now come a long way. Bandhan-Konnagar was started 20 years ago by Chandra Shekhar Ghosh. Bandhan transformed from its original avatar of an NGO to an NBFC, and finally to a pan-India universal bank called Bandhan Bank. […]]]> https://thenfapost.com/2021/04/02/indian-bank-launches-its-new-vision-and-mission-statement/ Fri, 02 Apr 2021 06:11:35 +0000 https://thenfapost.com/?p=67785 Indian Bank has recently launched its Mission and Vision Statement. Padmaja Chunduru, MD & CEO, Indian Bank along with Executive Directors V V Shenoy, K Ramachandran and  Imran Amin Siddiqui also launched the bank’s HR Vision, CHATBOT( ADYA) and IB Smart Office on the occasion of completing one year of  amalgamation of e-Allahabad Bank with […]]]> https://thenfapost.com/2021/04/01/capital-infusion-in-psbs-may-help-regulatory-capital-but-not-tangible-equity-ind-ra/ Thu, 01 Apr 2021 11:36:26 +0000 https://thenfapost.com/?p=67491 The government of India’s (GoI) proposed equity infusion in four public sector banks (PSBs) through non-interest-bearing bonds would bolster their regulatory capital levels, but their lower intrinsic values would not strengthen their tangible equity by as much, says India Ratings and Research (Ind-Ra). The agency understands that these long-tenor securities would be factored at par […]]]>