Page 1003 - Finance News
SBI's associate Bank employees to go on strike on May 20
The move is against the decision to close down associate banks and merge them with SBI
 "SBI's associate Bank employees to go on strike on May 20")
 "EC allows SBI to take back currency vans to Coimbatore")
Banks step up disclosure as bad loans in the system increase
Bank aim to stem any backlash that may happen from the investor community in the light of increasing bad loans in the industry
 "Banks step up disclosure as bad loans in the system increase")
Banks Board Bureau shortlists candidates for PSB chiefs
The candidates turned up for the day-long selection process at RBI's office in South Mumbai
 "Banks Board Bureau shortlists candidates for PSB chiefs")
Dena Bank's stressed loan watch list at Rs 12,000 cr
The bank decides to go slow on branch expansion
 "Dena Bank's stressed loan watch list at Rs 12,000 cr")
RBS begins closure of retail branches in India
RBS said it had started informing their customers about their decision and how it would impact them
 "RBS begins closure of retail branches in India")
RBI allows FPIs to invest in unlisted bonds
The FPIs were earlier not allowed to invest in any kind of securitised debt instruments
 "RBI allows FPIs to invest in unlisted bonds")
DBS Bank to set up new technology hub in Hyderabad
Biggest offshore tech centre outside its headquarters
 "DBS Bank to set up new technology hub in Hyderabad")
Banks have reached peak of NPAs: Arun Jaitley
Emphasising that India was growing despite the global slowdown, Jaitley said the ability of the banks to lend was critical for growth
 "Banks have reached peak of NPAs: Arun Jaitley")
Union Bank shares dive 6% on disappointing March quarter results
Its net NPAs also increased to 5.25% from 2.71% at the end of March 2015
 "Union Bank shares dive 6% on disappointing March quarter results")
PSU Banks' numbers suggest consolidation only way out of the mess
The government will now have to use the consolidation angle to bring out all that has been hidden under the carpet by the banks
 "PSU Banks' numbers suggest consolidation only way out of the mess")
RBI, Finance ministry share 'mature relationship', says Jaitley
To a question whether Rajan is getting an extension, the FM quipped "these are not issues which we discuss through the media."
 "RBI, Finance ministry share 'mature relationship', says Jaitley")
BoB fails to keep its promises
Net interest income grew only five per cent year-on-year at Rs 3,330 cr, missing Bloomberg estimates of Rs 3,731 cr
 "BoB fails to keep its promises")
Don't want more minefields to deal with: Rajan
RBI Governor said this when asked for his views on Brexit at the Chicago Booth School, London
 "Don't want more minefields to deal with: Rajan")
Finance Ministry to soon set up panel on bad loans
To look into various issues related to NPAs and ways to rein them
 "Finance Ministry to soon set up panel on bad loans")
NPAs may rise to 6.9% under severe stress scenario: FinMin
The Capital to Risk Asset Ratio, an indicator of bank's capital adequacy, could decline to 10.4% by March 2017, it said
 "NPAs may rise to 6.9% under severe stress scenario: FinMin")
Banks' NPAs could rise to 6.9% by March 2017
The possibility of NPAs to subsequently improve to 5.2% by March 2017
 "Banks' NPAs could rise to 6.9% by March 2017")
SBI seizes Goa villa of Vijay Mallya
The district magistrate gave an order in favour of banks to take physical possession of the Rs 90 cr Kingfisher Villa in Panaji town
 "SBI seizes Goa villa of Vijay Mallya")
 "Six PSBs' bottom line hit as bad loans mount")
Bad loan situation not alarming: Rai
According to Rai, consolidation of banks is a 'secondary' issue and bad loans, vacant management positions are priorities
 "Bad loan situation not alarming: Rai")