Page 112 - Abhijit Lele

SBI to hold mega e-auction for 1,000 stressed assets to recover dues

The bank published the advertisement for the proposed auction in newspapers as well as the social media

IDFC First Bank to raise up to Rs 2000 cr in tier-II debt capital via bonds

Funded assets of the bank rose marginally to Rs 1.06 trillion in December 2019 from Rs 1.04 trillion a year ago

SBI beats estimates, profit before tax surges 65.7% in Dec quarter

Good recovery from the Essar Steel stressed loan account provided an impetus to the Q3 performance. However, gains were restricted due to the DHFL account turning bad

Non-food credit growth slides to 7% in Dec 19 from 12.8% a year ago

All four categories - agriculture, industry, services and retail - segments showed deceleration in credit growth

Religare Finvest proposes a resolution plan for Rs 5,852 crore of debt

According to the plan, of the Rs 5,852 crore, around Rs 2,700 crore is sustainable debt and will be serviced by the SME portfolio

LIC HFC Q3 PBT down 13% on a sharp rise in provisions for stressed loans

It had posted a PBT of Rs 745.32 crore in the third quarter ended December 2018 (Q3Fy19)

Bank unions reject IBA's 15% wage hike offer, to go ahead with 2-day strike

IBA offered a 15 per cent hike in wages, a revision over previous offer of 12.5 per cent at bilateral meeting of bank and trade union representatives to avert agitation by bank employees

DCB Bank posts PBT of Rs 131 crore in Q3; net profit improves to Rs 97 cr

DCB Bank's total income was up 13.66 per cent at Rs 990.89 crore during the quarter under review as against Rs 871.78 crore in the corresponding period a year ago

Bank of Baroda's Q3 profit before tax rises 34% to Rs 5,748 crore

Posts net loss due to jump in NPA provisions on divergence

HDFC Bank's Q3 PBT up 15.6% to Rs 9,901 cr; provisions rise by 37.6%

The specific loan loss provisions in the current quarter include one-offs of approximately Rs 700 crore, primarily relating to some corporate accounts

AGR verdict: Ball now in govt's court to salvage telcos, say banks

No scope for reworking repayment obligations unless there is a default, they say

NBFCs' asset quality deteriorates, delinquency rate rises by 50 bps in Q3

In the consumer credit segment, delinquencies have gone down in automobile loans by 22 bps and in personal loans by 5 bps

Recoveries from stressed assets will be much better in H2FY20: SBI Chairman

Rajnish Kumar is hopeful that resolution time of stressed asets will fall below 5 years

State Bank to provide guarantee to homebuyers on completion of projects

This cover will be for SBI funded residential projects and those availing home loan for SBI

Rate woes of renewable energy firms may stress NBFC books further: Icra

The uncertainty regarding rates in some southern states has led to rating downgrades for power companies that have raised money from lenders

Indian Overseas Bank gets Rs 4,360 cr from Centre for meeting norms

In a regulatory filing to the stock exchanges, the bank said it has received the amount as contribution of the government in preferential allotment of equity shares during FY20 as govt's investment

BoB directors to finalise plans to raise capital at Jan 8 meeting

CRISIL believes BoB will be able to maintain adequate capitalisation over the medium term, backed by capital support from the Union government

Large, medium enterprises see 7-year fall in credit quality in April-Dec

The asset quality deteriorated for small enterprises (SMEs) as well but with lesser intensity, according to CARE Ratings

Bank credit grows 7.1% and deposits increase 10%, reveals RBI data

Bankers said that with private investment practically coming to a halt, there was little demand for corporate credit.

SBI will create unit to manage rural, semi-urban business: Rajnish Kumar

Under financial inclusion, the bank has about 58,000 BCs and 22,010 branches across the country to offer banking services