Page 1022 - Finance News

Canada Pension to fund $450 mn in Kotak's stressed asset fund

Investment will address growing opportunity arising from current stress in banking and corporate sectors

Islamic Development Bank looks at introducing Islamic financing

IDB also looking at starting interest-free banking in country

Banks in Odisha stare at Rs 11,000 crore NPA in crop loans by March end

The state government is inordinately delaying to come out with the notification of the extent of crop loss in Kharif 2015

SBI releases OROP arrears for 7,75,000 defence pensioners

SBI serves 50% of total defense pentioners; first tranche of arrear payment will be around Rs.1,465 crore

UCO Bank expects revalued real estate investments at Rs 1,200 cr

Chnaged RBI guidelines enable banks to recognise 45% of revaluation reserves to be included in CET1 capital

Christine Lagarde praises Raghuram Rajan for treating bad loans well

The IMF chief said the move to address the issue of bad loans head on was absolutely right

RBI moves on banks' bad loans in right direction: IMF chief

Christine Lagarde said the Indian govt was also moving to get a bankruptcy and insolvency law enacted

India Post selects Deloitte as consultant for payments bank

Public Investment Board has already approved the Rs 800-crore proposal of India Post

Don't overstate bad loan problem: Rajan

Rajan said well-defined process for identifying wilful defaulters is in place

Rajan calls for global talks on spillover effects of monetary policy

The RBI chief said that the larger economies needed to be more aware of the risks of their monetary policies

Budget 2016: FM Jaitley addresses boards of RBI, SEBI to discuss financial reforms

The address comes in the backdrop of the govt's announcement of meeting the current year's fiscal deficit target and sticking to the target of 3.5%

SBI's loss buffers too thin, says Moody's

The bank's provision cover for bad loans stands at 65%, much lower than similarly rated global peers

NPA provisions to push 10 PSBs into red in FY17: CRISIL

Dent in interest income due to new loan pricing regime, scheme to revive discoms may also shave off 10 bps from their net interest margin

Duplicate accounts under Jan Dhan plan rising: Survey

MicroSave says 33% of customers claim this is not their first account

SBI says number of zero balance Jan Dhan a/cs below 46%

SBI Chairperson Arundhati said even though scheme has ended, they have been opening 60K to 70K accounts everyday with nominal charge of Rs 20

EPFO seals bank a/c of over 600 firms sealed for irregularities

During this period, 14 employees who indulged in wrong- doings in depositing their employees' PF were also arrested

Moody's retains ratings on SBI, IDBI; sees NPA woes stabilising

The agency said affirmation of the ratings also take into account SBI's strong liquidity and funding position

State-run banks fall up to 3% as Crisil downgrades 8 PSBs

Stress in the corporate loan book of PSBs might result in weak assets ballooning to Rs 7.1 trillion by March 2017

Draw up board approves financial inclusion plans, govt tells banks

Govt has asked banks to make the plans an integral part of their corporate strategies to widen reach of banking services

I haven't fled India, dont need media trial, says Vijay Mallya

The liquor baron, in a series of tweets, justifies his decision to go abroad; says he will abide by the law