Page 1025 - Finance News
We are not going to spare Mallya, we are after him: PNB chief
Says the bank will leave no stone unturned to recover unpaid loans
 "We are not going to spare Mallya, we are after him: PNB chief")
Expert group on consolidation of PSBs soon: Jaitley
Finance Minister says country needs stronger rather than large number of banks
 "Expert group on consolidation of PSBs soon: Jaitley")
Worst is over for PSU banks, says Sinha at Gyan Sangam
RBI says banks have enough headroom to raise capital
 "Worst is over for PSU banks, says Sinha at Gyan Sangam")
Govt, RBI working to resolve banks' bad loan problem: Sinha
He said the problem will continue till March 2017
 "Govt, RBI working to resolve banks' bad loan problem: Sinha")
RBI to infuse Rs 15,000 cr liquidity by OMO purchase of G-secs
There is an overall aggregate ceiling of Rs 150 billion for all the securities in the basket put together, RBI said
 "RBI to infuse Rs 15,000 cr liquidity by OMO purchase of G-secs")
LIC to increase its stake in Indian Overseas Bank to 14.50 %
Insurer to infuse Rs 200 cr into the bank
 "LIC to increase its stake in Indian Overseas Bank to 14.50 %")
Bank officers protest IDBI Bank stake sale
Demand govt should strengthen forums like Debt Recovery Tribunal by giving teeth to them
 "Bank officers protest IDBI Bank stake sale")
Banks have more headroom to raise capital due to new Basel III norms: R Gandhi
Under new norms, banks can now include value of property while calculating its Tier-I or core capital base
 "Banks have more headroom to raise capital due to new Basel III norms: R Gandhi")
 "Gyan Sangam-II: Bankers huddle to brainstorm")
 "RBI releases draft guidelines on account aggregators")
Bank customers can use post-office ATMs soon
India Post will send a proposal to RBI for its ATMs to work on the platforms of all other banks
 "Bank customers can use post-office ATMs soon")
HDFC to raise Rs 1,000 crore for refinancing needs
The debt instruments are open for subscription for only those persons who are specifically addressed to apply
 "HDFC to raise Rs 1,000 crore for refinancing needs")
SWIFT financial messaging service launched in India
Services doesn't facilitate transactions per se, but generates encrypted messages for each deal, minimising chances of fraud
 "SWIFT financial messaging service launched in India")
DRT to decide on plea seeking Mallya's arrest tomorrow
SBI wants him arrested and his passport impounded for Rs 7,800 cr defaulted loans
 "DRT to decide on plea seeking Mallya's arrest tomorrow")
Govt gets Rs 726 crore from auction of 31 coal blocks
The three round of mines auction were held last year after the Supreme Court in 2014 cancelled the allotment of 204 coal blocks
 "Govt gets Rs 726 crore from auction of 31 coal blocks")
Yes Bank picks up 5% stake in proxy advisory firm IiAS
Acquires 500,750 equity shares equivalent to 5.006% of paid-up capital
 "Yes Bank picks up 5% stake in proxy advisory firm IiAS")
Black money to attract double payout after 4-month window
After the end of the window, the penalty will increase to 60% while 30% tax will also have to be paid
 "Black money to attract double payout after 4-month window")
Yes Bank buys over 5% stake in advisory firm IiAS
IiAS is a proxy advisory firm, which provides independent opinion, research and data on corporate governance issues
 "Yes Bank buys over 5% stake in advisory firm IiAS")
RBI pores over Budget 2016-17, worries on fiscal math
Three policymakers said they are combing through numbers to test how Jaitley struck a balance, and question some of the assumptions
 "RBI pores over Budget 2016-17, worries on fiscal math")