Page 1028 - Finance News
PNB loan recoveries hit hurdle in Maharashtra
ICRA strips 'AAA' rating status for PNBs bonds
PEs hand-hold transition of MFIs to small finance banks
Take on bigger role - from strategy to IT systems
 "PEs hand-hold transition of MFIs to small finance banks")
Infuse more capital in govt-run banks to avoid rating pressure: Moody's
Moody's estimates 11 public sector banks' external capital requirements at Rs 1.45 lakh for the four financial years, ending March 31, 2019
 "Infuse more capital in govt-run banks to avoid rating pressure: Moody's")
All you need to know about wilful defaulters
A quick tutorial on the scope and meaning of what it means to be identified as a wilful defaulter
 "All you need to know about wilful defaulters")
Not happy with management of bad loans by RBI, banks: Parliamentary Panel
Companies, which have undergone restructuring process for their stressed loans, should be made public, there cannot be any justification for maintaining secrecy on this count, the report said
 "Not happy with management of bad loans by RBI, banks: Parliamentary Panel")
Govt needs to hike equity infusion into PSBs: Moody's
External capital requirements for 11 PSBs remain unchanged at Rs 1.45 trn for FY2016-FY2019
Like banks, Piramal to extend line of credit to developers
Plans to fund Rs 15,000 cr in next couple of months to 8 to 10 developers
 "Like banks, Piramal to extend line of credit to developers")
StanChart India posts Rs 6,729-cr loss
Loan impairments, risk provisions jump eight times; bank sees more pain ahead
 "StanChart India posts Rs 6,729-cr loss")
Kotak Mahindra Bank buys stake in Airtel M Commerce for Rs 98 crore
Airtel M-commerce eyes to be a payments bank
PNB declares 900 firms as wilful defaulters; owe Rs 11,000 cr
As part of its balance sheet clean-up exercise, PNB plans to sell up to Rs 3,000-crore worth of bad loans
 "PNB declares 900 firms as wilful defaulters; owe Rs 11,000 cr")
RBI sells dollars to beef up rupee, bond yields inch up
The rupee closed at 68.59, up from its previous close of 68.61 a dollar
 "RBI sells dollars to beef up rupee, bond yields inch up")
 "ICRA reduces outlook of banks")
 "Vijaya Bank to issue Rs 500-cr Tier-I bonds")
Proposed small finance banks scurry to raise funds
Small finance banks are required to raise a substantial amount of the needed domestic capital before launch
 "Proposed small finance banks scurry to raise funds")
Punjab & Sind Bank's UP biz touches Rs 11,000 cr
Deposits and advances account for Rs 6,000 cr
 "Punjab & Sind Bank's UP biz touches Rs 11,000 cr")
Tax dept probes HSBC's Swiss, Dubai arms for tax evasion by Indians
Indian tax authorities have issued notices to global banking giant HSBC, warning of prosecution against its Swiss and Dubai arms; bank says co-operating with probe
 "Tax dept probes HSBC's Swiss, Dubai arms for tax evasion by Indians")
HSBC 2015 profit nearly flat, sees bumpier environment ahead
The bank posted a profit before tax of $18.87 billion for 2015 against $18.7 billion a year ago
 "HSBC 2015 profit nearly flat, sees bumpier environment ahead")
IDBI Bank to halve stake in NSE
Plans to do so by end-March if valuations are okay
 "IDBI Bank to halve stake in NSE")
At Rs 4 lakh cr, bad loans exceed market value of PSBs
Bad loans of private sector banks are just about 6.6% of their total valuation
Federal Bank expects 15-20% growth in advances next fiscal
South India-based bank looks to cash in on rivals cleaning up their balance sheets
 "Federal Bank expects 15-20% growth in advances next fiscal")