Page 1095 - Finance News
PNB identifies 400 wilful defaulters; to sell 3K cr NPAs
Says work is on for strategic debt restructuring as per RBI guidelines
 "PNB identifies 400 wilful defaulters; to sell 3K cr NPAs")
Syndicate Bank Q1 net dips 38% to Rs 302 crore
Total income increased to Rs 6,323.4 crore
 "Syndicate Bank Q1 net dips 38% to Rs 302 crore")
Bank of India Q1 net falls 84% on higher bad loan provisioning
Gross NPA as a percentage of total loans spiked to 6.8%
 "Bank of India Q1 net falls 84% on higher bad loan provisioning")
Union Bank Q1 net dips 22% to Rs 519 crore
Gross NPA as a percentage of total advances increased to 5.53%
 "Union Bank Q1 net dips 22% to Rs 519 crore")
RBI eases cash delivery via liquidity adjustment facility
Aims to curb recent volatility in overnight rates; however, call money market route still cheaper, say observers
 "RBI eases cash delivery via liquidity adjustment facility")
Banks' bad loan problem to stay, says Moody's
Prospects for improving creditor's right look bleak
 "Banks' bad loan problem to stay, says Moody's")
RBS to sell private banking business to Sanctum Wealth
The move to sell the private banking business comes a few months after the management decided to exit the Indian market
 "RBS to sell private banking business to Sanctum Wealth")
 "IndusInd Bank acquires RBS' bullion financing business")
ICICI Bank puts Tulip Telecom & Falcon Tyres loans on the block
The lender has an exposure of Rs 700 cr to Tulip and Rs 300 cr to Falcon
 "ICICI Bank puts Tulip Telecom & Falcon Tyres loans on the block")
Festive cheer unlikely for lenders
With consumer loan demand staying muted, not much is expected by way of discounts and incentives
 "Festive cheer unlikely for lenders")
Axis Bank signs $200-million loan agreement with ADB
The loan will help bolster bank's efforts to improve farm efficiency by extending customised and affordable agriculture credit
 "Axis Bank signs $200-million loan agreement with ADB")
Microfinancier Bandhan banking on people's trust
Integration of Bandhan's microfinance business into formal banking, is being meticulously planned and executed in a layered hierarchy of a hub-and-spoke model
 "Microfinancier Bandhan banking on people's trust")
HFCs steer clear of banks, prefer corporate bonds
Plans to raise Rs 1.37 lakh cr via NCDs, warrants, other debt instruments are already lined up for current fiscal
 "HFCs steer clear of banks, prefer corporate bonds")
Time ripe for Euroclear like model for gilt settlement: Experts
Euroclear system is world's biggest securities settlement system
 "Time ripe for Euroclear like model for gilt settlement: Experts")
IOB Q1 net plunges 95% to Rs 15 crore
Gross NPA rises to 9.4% of gross advances, compared to 5.84% during the same quarter last year
 "IOB Q1 net plunges 95% to Rs 15 crore")
Andhra Bank Q1 net up 89% at Rs 202 cr
The rise in net profit comes on the back of a marginal improvement in yield on advances
 "Andhra Bank Q1 net up 89% at Rs 202 cr")
Andhra Bank Q1 net up 89% at Rs 202 crore
Total income grows 7.7%, bad loans drop
IDFC Bank to start operations from Oct 1
Gets final licence from RBI; Ex-CAG Vinod Rai to be the chairman of IDFC
 "IDFC Bank to start operations from Oct 1")
 "Bank credit up 9.3%, deposits up 11.66%")
 "Axis Bank gets nod to raise Rs 35,000 crore")