🚨 NRIs will soon be able to make payments in
#UPI
without having to get an Indian mobile number!
@NPCI_NPCI
says NRE/NRO accounts from select countries can access UPI using their international mobile numbers.
To begin with, NRIs in these 10 countries will get UPI access ++
#NPCI
plans to extend this to more countries in the near future
#NPCI
asks UPI ecosystem members incl banks & payment players to ensure such A/Cs are FEMA compliant, with anti-money laundering etc checks in place
Asks members to ensure compliance to these by April 30, 2023
#YesBank
discloses latest shareholding pattern as of March 2020
SBI 48.21%
HDFC Ltd 7.97%
ICICI Bank 7.97%
Axis Bank 4.78%
Kotak Mahindra Bank 3.61%
Bandhan Bank 2.39%
Federal Bank 1.92%
IDFC First Bank 1.67%
@CNBCTV18Live
#JensenHuang
is a riot!
Spent the last hour talking about
@nvidia
’s plans to advance AI in India. Quick takeaways:
1) Nvidia has just announced partnerships with Reliance and Tata to advance AI
2) Will work with Reliance to develop India’s own foundation large language model
#YesBank
AGM | Chairman Sunil Mehta says that as of September 8,
@YESBANK
has fully repaid
@RBI
the entire Rs 50,000 cr Special Liquidity Facility that it had availed.
To all the employees- engineers, pilots, staff of the wonderful
@jetairways
- kudos to you for selflessly going about your duties even when salaries weren't paid for months, & wearing smiles in the face of crisis. Respect, and gratitude. Hope to see the airline back very soon!
Banking Law Amendment and
#Crypto
Bills not listed in the
#Budget2022
session.
Big! No banking amendment puts a question mark on privatisation of PSBs anytime soon.
#BudgetWithCNBCTV18
We've spent a mad amount of time, energy and love creating the
#MadAboutMarket
series on
@CNBCTV18Live
!
As we take a break, here's a 🧵 on all the topics
@blitzkreigm
and I have covered so far 👇🏾
Rajnish Kumar bids adieu as SBI boss after a 40-year stint with the bank.
@rkumar1958
's role in steering Yes Bank's turnaround is perhaps one of his biggest achievements, but the continued underperformance of the bank's stock remains a disappointment.
#Insolvency
Almost a year since
@RBI
released the list of 12 large defaulters to be marched to NCLT, and we have seen ONE successful resolution so far. Two, if you count Electrosteel Steels, which exited bankruptcy briefly, only to be pulled back in. Here's a quick check (1/n)
Thread on key highlights from
@rblbank
press briefing today.
Rajeev Ahuja, interim MD & CEO of
#RBLBank
says the bank and its management has the full support of
@RBI
, and that recent developments are in no manner related to the bank's financial performance.
Recent RBI data on
#frauds
reported by banks in Q1FY23 showed
@KotakBankLtd
had disproportionately larger cases of fraud vs other banks. Eg, Kotak reported 5278 fraud cases in Q1, vs 9 reported by
@TheOfficialSBI
& 8 by
@pnbindia
.
Kotak says this is comparing apples to oranges.
Unbelievable! Odisha Govt issues advisory to state govt units, govt depts to be "very careful" while keeping deposits in any bank, refrain from parking funds for govt schemes in banks.
@CNBCTV18Live
-Rana says shares in Yes Bk are diamonds & “Diamonds are forever”; Madhu Kapur sells 0.04% of 💎
-Govt cuts 2H borrowing by Rs 70,000 cr
-IL&FS shareholders meet FM, RBI. Say they won’t let the co fall.
-Bandhan Bk gets a rap from RBI
Can we please start the weekend already?
After Prashant Kumar
@pk63
was brought in from SBI to helm
@YESBANK
, R Subramaniakumar is the second such public sector banker brought in to lead a private bank-
@rblbank
- in recent times.
For all the brickbrats thrown at PSBs, this sure is a stamp of trust & reliance 💪🏾
Important for
#YesBank
shareholders.
Exisiting shareholders holding over 100 shares in Yes Bank to also have a 3-year lock in for 75% of their investment.
@CNBCTV18Live
Just in |
#YesBank
says it has received total investment proposals worth Rs 10,000 cr. As per
@YESBANK
, SBI will be alloted 605 cr shares at Rs 10/share, which will result in an investment of Rs 6,050 cr. Seven other banks will collectively bring in Rs 3,950 cr.
@CNBCTV18Live
Just in | Supreme Court to hear the
#InterestWaiver
case relating to
#moratorium
tomorrow morning. The court is examining whether banks must waive off interest for the six month moratorium period.
@CNBCTV18Live
Just in | PNB says the quantum of unauthorised transactions could go up further by $204.25 mn, or Rs 1,324 cr. This is in addition to Rs 11,400 crore reported earlier on Feb 14.
@CNBCTV18Live
@CNBCTV18News
@ShereenBhan
#PNBFraud
Even after recent settlement, Public Bank Salary is below all the PSUs & Govt offices of same cadre with more Risk & Responsibility.
@ChiefIba
made sure, Public Banks don't retain / recruit talents in next decade, and remain medicore on HRM assets.
#5DaysBanking
#12thBPS
Just in |
@ICICIBank
Q2 Results
NII up 25% YoY at Rs 11,689.74 cr
PAT up 30% YoY at Rs 5,511 cr
Domestic loans grew 19% YoY
Gross NPA additions Rs 5578 cr
#YesBank
| A thread on
@YESBANK
management on capital raising plan from the earnings concall today. Here's what was said.
* Bank needs to raise capital to get an external validation
* Binding offer from an investor with financial ability to make this investment (1/n)
#BREAKING
|
#Mumbai
Restrictions May be Completely Removed by Diwali!
@mybmc
Commissioner Iqbal Chahal to
@CNBCTV18Live
: Target to fully vaccinate the population of Mumbai by Nov-end. If target is achieved, all restrictions will be removed & city will be completely opened up.
Breaking News | Govt brings
#LakshmiVilasBank
under moratorium with effect from 6 pm today until December 16. Withdrawals capped at Rs 25,000 per borrower during moratorium.
Today on
#MadAboutMarkets
, we track India's insatiable appetite for Quick Service Restaurants, because food is always on top of mind!
We get chatting with Smita & Amit Jatia of
@mcdonaldsindia
& Kallol Banerjee of Rebel Foods to find out if India's hungry for more!
@CNBCTV18Live
#Reliance
to demerge financial services undertaking and list Jio Financial Services (JFS)
A 🧵 on RIL’s financial services foray, and all you need to know 👇🏽
@CNBCTV18Live
@ShereenBhan
#CNBCTV18Exclusive
| Banking Sources:
Authum Investment & Infra declared winning bidder for Reliance Commerical Finance by lenders under
@RBI
's June 2019 resolution framework
Authum's total offer stands at Rs 1,629 cr vs Rel Home Finance's debt of ~Rs 9,000 cr
@CNBCTV18Live
SBI appoints Charanjit Surinder Singh Attra as Chief Financial Officer (CFO). A rare lateral hire by
@TheOfficialSBI
, Attra joins SBI from
@EY_India
where he was a Partner. Prior to that, CFO at 3i Infotech and ICICI Securities.
@CNBCTV18Live
🚨
@bankofbaroda
invites EOIs to acquire its entire 98.57% stake in 100-yr old Nainital Bank Ltd by Jan 13
BOB Cap is the transaction advisor, Cyril Amarchand Mangaldas legal advisor for deal
NBL has a net worth of Rs 607 cr, operates 166 branches in 5 states with 941 employees
#PratipChaudhuri
Arrest |
@UnionBankTweets
Chief Rajkiran Rai says it is an "unfortunate incident".
Says judicial authorities, investigative agencies must understand issues, bankers' perspective before taking such drastic action..
@CNBCTV18Live
(1/2)
#YesBank
update:
@TheOfficialSBI
board approves investing Rs 7,250 cr in Yes Bank by purchasing 725 cr shares of Rs 10 each. SBI's stake in Yes Bank to remain within 49% of the paid up capital of
@YESBANK
#HomeLoans
@YESBANK
the latest bank to announce lower home loan rates for the festive season.
Offers ‘YES Premier Home Loans’ starting 6.7% p.a over the next 90 days.
Offer provides an additional 0.05% benefit (int rate at 6.65%) for salaried women home buyers
@CNBCTV18Live
#SBI
Chairman to
@CNBCTV18Live
on
#Adani
Exposure:
Total exposure to Adani group is 0.88% of our loan book, including fund and non-fund based exposure
Lent to Adani for projects with tangible assets & cash flows
Don’t envisage any challenge in Adani's ability to service loans
As
@udaykotak
steps down from his wholetime role soon, he reflects on what the role means in a letter to shareholders- his last one as CEO of
@KotakBankLtd
.
“I’ve spent most of my life here, starting from scratch with v little capital in 1985, 3 people and a 300 sq ft office..”
🚨
#IMF
's latest Asia & Pacific outlook report says China & India could jointly contribute about half of world growth in 2023, 2024. India’s contribution to global growth may go up to 18% in 5 years from 16% currently.
I spoke to IMF on India's prospects. Here are 5 key takeaways
#Home
loans have never been more attractive, with interest rates touching historic lows! If you're looking to buy a house, here's a look at the lowest rates on offer, and things you should keep in mind when applying for a home loan.
#CNBCTV18ClutterBreakers
Want to buy a house? Here's some festive cheer for you!
Home loans rates are currently at historic low levels. What are the best festive season offers on these loans? What should you keep in mind to get the best rates on your loan?
@_ritusingh
explains
#CNBCTV18ClutterBreakers
A short thread on
@Ashneer_Grover
vs
@KotakBankLtd
&
@udaykotak
.
1. A leaked, unverified audio clip recently emerged- allegedly between a Kotak Wealth employee, and Grover & his wife- accusing Kotak of failing to secure them an allotment in
@MyNykaa
IPO
#LakshmiVilasBank
advised by
@RBI
to fully write down Rs 318.20 cr of Tier-2 bonds before amalgamation comes into effect on Nov 27. Write down triggered as per terms of Info Memorandum of Tier 2 bonds issued by LVB as the bank was deemed to be approaching non-viability.
Update |
#VodafoneIdea
has repaid bondholders. Franklin Templeton, with the largest exposure in this NCD, has been repaid the full amount of Rs 1,252.44 crores. Total outstanding was at approx Rs 2,850 crores.
#VodafoneIdea
defaulted on rental and energy payments for June to telecom tower companies, as per a
@bsindia
report.
Voda also has NCDs with Rs 2,850 cr outstanding due today (July 10).
@IDFCFIRSTBank
and
@YESBANK
among key banks with exposure. Watch this space.
Just in |
@bankofbaroda
launches Rs 4,500 crore QIP, with option to upsize upto an additional Rs 2,000 cr.
Indicative issue price Rs 81.70 per share (9.2% discount to last closing price of Rs 89.95 per share)
@CNBCTV18Live
India remains among the world’s fastest growing economies;
@IMFNews
forecasts a 6.3%
#GDP
growth rate for India FY24, a tad lower than
@RBI
’s 6.5% projection.
IMF pegs India’s FY25 growth rate at 6.3% as well.
Thread.
#SREI
Group now becomes the second financial services co that will (hopefully) be resolved under
#IBC
.
@RBI
today superseded the board of SREI Infra Finance and SREI Equipment Finance, appointed BoB's former CGM Rajneesh Sharma as the Administrator.
Jotting down
#March31
deadlines:
* MPC inflation targeting framework
* H1FY22 borrowing calendar
* New Umbrella Entity licence deadline
* Deadline to comply with RBI's 2-factor authentication on recurring payments
* PAN cards not linked with Aadhaar to be inoperative from Apr 1
Sashi Jagdishan at
@HDFC_Bank
#AGM
on RBI tech ban:
* There was a valid reason why the regulator gave us a rap on knuckles
* Our recovery time from tech outages was not meeting global standards
* Covered 85% of milestones as per RBI directive, have a clear plan to cover rest
And so the
#YesBank
FPO closes with 95% subscription. The bank has raised Rs 14,266.97 cr via this offer.
QIB portion subscribed 1.90X, Non Institutional Investor portion subscribed 0.63X, Retail portion 0.47X and Employees 0.33X
@CNBCTV18Live
@YESBANK
@pk63
Just in |
@RBI
puts Rs 1,000 deposit withdrawal cap on Karnataka based Deccan Urban Co-op Bank; says any fresh loans or deposit acceptance can only be made with prior approval from RBI.
Cricket accounts for ~90% of the sports market in India!
Although, on a low base, access through the Internet and corporate support, other sports are picking up!
@_ritusingh
& I ask - Can India truly be a Sports loving Economy?
#MadAboutMarkets
@CNBCTV18Live
@ShereenBhan