Page 1023 - Finance News

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

Sebi to crack whip on wilful defaulters, relax start-up norms

The market regulator plans to make it tougher for wilful defaulters to raise funds from the capital markets

Tracking recovery rate

Rise in bad loans is caused by factors including slowdown in recovery in the global economy and continuing uncertainty in global markets

CRISIL downgrades ratings of 8 PSBs

Predicts weak loans will grow to Rs 7.1 trillion in a year

Naina Lal Kidwai joins realty NBFC Altico Capital's board

Kidwai will join as an independent non-executive director on the company's board

HDFC Bank partners with five start-ups

Bank to work with them to strengthen their web, mobile and payment offerings

Lenders prompt in steps to recover dues from Kingfisher: SBI

A consortium of banks which lent to Kingfisher are currently involved in more than 20 cases in various courts, including the Debt Recovery Tribunal (DRT), from June 2013

Citi shutting down its retail broking biz

Citibank took the decision despite having a large customer base, with most of the clients only availing the wealth management business, the bank's key proposition

SBI denies 'laxity' in tackling Kingfisher Airlines debts

The bank also refuted media reports purportedly blaming SBI, for the crisis and termed these as based on 'hearsay and conjecture'

India best among EMs; health of PSBs, corporates a worry: IMF

Says vulnerabilities in corporate financial positions and public bank asset quality pose risks to the economic recovery

ICICI Bank launches credit-linked subsidy scheme under PMAY

An eligible customer will get a subsidy at 6.5% pa on max Rs 6 lakh or loan amount, whichever is lower, for a max tenure of 15 years.

Consolidation, capital infusion positive for PSU banks: Fitch

Fitch marked out addressing PSBs' asset quality and potential capital shortfalls as more immediate issues

Govt agency Nafed also wilful defaulter in PNB bad debt list

Nafed, with outstanding amount of Rs 224 cr, named by Punjab National Bank; efforts on for one-time settlement

Govt puts public debt management office on back-burner

RBI proposes cutting of merchant discount rate

Seeks public opinion in its concept paper on card acceptance infrastructure

Axis Bank mulls flexi roles, timings

Inspired by start-ups, lender to have cross-functional roles

Moody's flags up ICICI Bank's corporate asset quality

Affirms rating for deposits and bonds