Page 106 - Abhijit Lele

Covid-19: MIAL headed for debt restructuring under RBI's special window

RBI has formed a panel under the chairmanship of K V Kamath to advise on debt restructuring of corporate borrowers facing stress due to the pandemic.

CRISIL upgrades YES Bank's certificates of deposit from 'A2' to 'A2+'

YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31

Ease information disclosure norms for privately placed NCDs: FIDC

At present SEBI rules require standalone financial information for at least last three years and auditor qualifications from the entity seeking to issue NCDs

Overseas direct investment norms to be made simpler, based on principles

The regulator also intends to introduce late submission fee for delayed reporting of overseas direct investments (ODI) by Indian parties and resident Indians

BoI plans to raise up to Rs 8,000 cr in tier-I and tier-II capital

Lender to also set off accumulated losses worth Rs 23,782 cr

ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share

The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations

Centre sets ball rolling on Covid vaccine procurement, may hold meet Monday

Health care experts said it was about time the government set the ball rolling for scaling up manufacturing because there would not be much time left after the world had a vaccine candidate

MFI collections in July spurt to 70-75% of pre-Covid level: Crisil

April was worst, with near zero collection

Covid-19 impact: Bank credit growth moderates further to 5.5% by July-end

Bankers said business conditions have been improving, but only incrementally. However, demand remains weak (for credit) and many people are repaying loans, some of of which are under moratorium

State Bank of India targets 3x growth in retail, MSME gold loans

Cheap deposit money, which helps offer low lending rates, gives banks the edge over gold loan companies

SBI eyes three-fold rise in retail, MSME gold loan business in FY21

To use digital banking platform YONO extensively to cut-down on response time and scale up activity for it

Central Bank's Q1 pre-tax profit up over four-fold at Rs 316.33 cr

Higher net interest income, dip in provisions drive profits

About 5-8% of loan book will be recast under RBI scheme, says ICRA

With the expectation of reduced slippagges of 3-4 per cent, the GNPAs might increase to 9.8-10.3 per cent by March 31, 2021 from 8.5 per cent as on March 31, 2020

Debt recast may reduce transparency, hinder capital raising: Fitch

Private investors may be reluctant to participate in sale of stakes in state-owned lenders until impact of pandemic on their balance sheets is clear, agency says

BOB posts pre-tax loss of Rs 1,308 cr in Q1 on a rise in provisioning

The bank's net interest income (NII) grew 4.91 per cent on a year on year (YoY) basis from Rs 6,497 crore in Q1FY20 to Rs 6,816 crore in Q1FY21

Debt recast to give relief to Rs 3 trn retail, small corp debt: Crisil

Agency says RBI move on restructuring will help soften Covid-19 impact on banks' asset quality. Without this, gross NPAs could have touched a two-decade high of 11.5% by March 2021

Mahindra Rural Housing Finance resumes disbursements; raises Rs 1,400 cr

With a freeze on disbursements, its advances were almost flat at Rs 7,783.8 crore at end of June 2020 as against Rs 7,870.1 crore in March 2020

Canara Bank to hit market with equity offering of Rs 5,000 cr in Q4FY21

Lender plans to raise additional tier-I capital of Rs 1,500 crore each in second and third quarters of FY21

RBI monetary policy: Gold Loan firms seek parity with banks on LTV

The RBI increased from 75 per cent to 90 per cent the permissible loan-to-value ratio (LTV) for banks to give loans against pledge of gold ornaments and jewellery for non-agricultural purposes

Start-ups to get priority sector tag as RBI revises lending norms

It intends to align them with emerging national priorities and bring a sharper focus to inclusive development