Page 1026 - Finance News
Disha Microfin to act as rural and semi-urban focused bank
The micro finance institute in process to raise Rs 300 cr for expansion
 "Disha Microfin to act as rural and semi-urban focused bank")
RBI may need to keep tight monetary policy longer: IMF
IMF said the monetary stance remains appropriately tight for achieving near-term inflation objectives
 "RBI may need to keep tight monetary policy longer: IMF")
Budget 2016 'credit negative' for PSU banks: Moody's
Capital infusion road map falls short of the required Rs 1.45 lakh crore
RBI breather to reduce PSU banks' extra capital need by 15%
SBI, BoB capital adequacy ratios climb up by 100 basis points
 "RBI breather to reduce PSU banks' extra capital need by 15%")
Non-performing assets of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha
Sinha said the crisis in the banking and financial system runs deep and noted delay on the part of banks to red-flag such cases
 "Non-performing assets of PSBs at Rs 3 lakh crore: CBI chief Anil Sinha")
Court turns down TMB's recount plea
The court did not give any categorical finding, as the association approached without knowing the details
 "Court turns down TMB's recount plea")
Sebi rule delays QIP-bound govt banks
Those with promoter holding over 75% need approval for this route, the regulator decided in November
 "Sebi rule delays QIP-bound govt banks")
Inter-meeting cut cannot be ruled out: Standard Chartered
However, the aspiration to improve quality of fiscal consolidation is unlikely to materialise, it added
 "Inter-meeting cut cannot be ruled out: Standard Chartered")
CBI lashes out at banks for delay in declaring Vijay Mallya as defaulter
Says banks failed to file complaints despite pleading in the case; there was undue delay in declaring it as fraud as well
 "CBI lashes out at banks for delay in declaring Vijay Mallya as defaulter")
Arun Jaitley pledges all support to keep PSBs in 'good health'
Jaitley welcomed RBI's easing of rules to allow lenders to bolster capital ratios
 "Arun Jaitley pledges all support to keep PSBs in 'good health'")
IDBI Bank aims to double business to Rs 10 lakh crore
Bank says it will need over Rs 30, 000 crore in capital to back loan book of Rs 5.5 lakh crore by March 2019
 "IDBI Bank aims to double business to Rs 10 lakh crore")
 "Budget credit-negative for PSBs: Moody's")
RBI allows banks to expand capital base to meet Basel III norms
New norms to unlock upto Rs 35,000 cr for PSBs and Rs 5,000 cr for pvt banks
RBI may make rate cut move this week
Observers believe govt has done its part by keeping to the fiscal road map, while allocating more funds for infra and the rural economy
 "RBI may make rate cut move this week")
Court asks a full-fledged Board to assume office at Tamilnad Mercantile Bank
The Court also asked the lender to announce its results
Pioneer Asia Group's Annamalai-led faction elected to TMB Board
Group defeated the faction led by mining industry veteran S Vaikundarajan; bank likely to go for IPO
IDBI Bank sets 3-year goal to double business to Rs 10 lakh crores
The bank expects to be a 'near zero net NPA' lender by financial year 2019
 "IDBI Bank sets 3-year goal to double business to Rs 10 lakh crores")
RBI may go for 25 bps rate cut: HSBC
In Budget 2016, govt has stuck to fiscal deficit target of 3.5% making it easier for RBI to continue with its accommodative stance
 "RBI may go for 25 bps rate cut: HSBC")
Tight-fisted Jaitley offers only promises to debt-ridden banks
Rs 25,000 crore may be too little too less for sick PSBs; consolidation, privatisation of IDBI soon
 "Tight-fisted Jaitley offers only promises to debt-ridden banks")
Budget reads the riot act to PSBs: Saurabh Mukherjea
No revision of the 2017 recap plan suggests muted credit growth expectations (9-10 per cent) on the government's part for the banking system
 "Budget reads the riot act to PSBs: Saurabh Mukherjea")