Page 1002 - Finance News
 "Burgeoning bad loans a serious concern for public sector banks")
DCB Bank on major expansion plan in Chhattisgarh, MP
Four branches in Chhattisgarh will take total to 13; MP to get nine more branches to take total to 25
 "DCB Bank on major expansion plan in Chhattisgarh, MP")
Syndicate Bank to raise up to Rs 4,300 cr this fiscal
The bank had reported a net loss of Rs 2,158 crore for the March quarter due to over threefold rise in provisions for bad loans
 "Syndicate Bank to raise up to Rs 4,300 cr this fiscal")
Bad loans push PNB into record loss
Rs 5,367-crore quarterly loss highest by an Indian bank; loans of over Rs 30,000 crore put on watchlist; stock up 3 per cent
 "Bad loans push PNB into record loss")
E-wallets out of unified payments system
Though an official clarified that UPI wasn't launched to take on wallet players, their exclusion seems to indicate otherwise
 "E-wallets out of unified payments system")
PNB may dilute stake to 30% in housing finance arm
PNB Housing Finance, in which the bank currently holds 51%, is set to gor for an IPO later this year
 "PNB may dilute stake to 30% in housing finance arm")
 "Corporation Bank reports Rs 511-cr loss")
Foreign stash cases:India not to press secrecy clause in all cases
The Central Board of Direct Taxes whenever such requests are made they should be backed by "evidence"
Vijay Mallya must pay in full, says PNB chief
Punjab National Bank had an exposure of Rs 800 crore to the Mallya promoted Kingfisher Airlines
 "Vijay Mallya must pay in full, says PNB chief")
Banks' NPA at 11.38% in Odisha
the NPA rate is highest in the case of agriculture term loans at 16.97%
 "Banks' NPA at 11.38% in Odisha")
DRT vs Vijay Mallya: Debt recovery laws prevail over bank's confidentiality clause with clients
Debt Recovery Tribunals have powers of a civil court under Civil Procedure Code, 1908
 "DRT vs Vijay Mallya: Debt recovery laws prevail over bank's confidentiality clause with clients")
PNB reports Rs 5367 cr loss in Q4 as bad loans surge
Gross bad loans as a percentage of total loans rose to 12.9% in March from 8.47% in December
 "PNB reports Rs 5367 cr loss in Q4 as bad loans surge")
Merger may hurt SBI's near-term profitability
Lack of clarity on valuations, possible increase in operating costs will weigh on SBI stock, say analysts
 "Merger may hurt SBI's near-term profitability")
Govt chooses SBI to kick off bank merger
Five associates, Mahila Bank to push up assets to Rs 37 lakh crore, merger may be completed in FY17; unions call strike on May 20
 "Govt chooses SBI to kick off bank merger")
Syndicate Bank reports Q4 loss of Rs 2,158 crore
This is because of a write-off of Rs 883 crore for a major fraud at three of its branches
 "Syndicate Bank reports Q4 loss of Rs 2,158 crore")
Banks pick up 75% of UDAY bonds
Instruments issued by eight states that have accumulated liability of Rs 2,05,010 cr as on September 30, 2015
 "Banks pick up 75% of UDAY bonds")
SBI plans to sell up to 5% stake in NSE
According to sources, the bank expects about Rs 1,000 crore from the stake sale
 "SBI plans to sell up to 5% stake in NSE")
Why PM Modi should ignore Subramanian Swamy's letter to sack Raghuram Rajan
Because of Rajan's policies, the banking system has mustered enough courage to disclose their toxic assets
 "Why PM Modi should ignore Subramanian Swamy's letter to sack Raghuram Rajan")
United Bank of India posts a net loss of Rs 413 cr
Higher NPAs, provisioning pull bank into red; a year ago, it had posed a profit of Rs 105.52 crore
 "United Bank of India posts a net loss of Rs 413 cr")
Opposing merger with SBI, unions in associate banks to strike work
Despite opposition and protest by all the AIBEA's Workman Directors and a few other independent directors about the proposal and the procedure adopted, the resolution has been approved in this regard