Page 1148 - Finance News

Moody's concern for weaker state-run banks

Points to implications of recent govt decision on equity support to only the more efficient ones; queries where else the needed capital can come from

Manappuram takes over Asirvad Micro Finance

The gold loan player has acquired 71.14% equity capital of Asirvad in an all cash transaction for Rs 48.63 cr

Asset quality problems mount for govt banks

Barring SBI, all large public sector lenders saw a sharp rise in stressed loans in the December quarter; no optimistic projection for the near future

Yes Bank to enter asset management biz next fiscal

Initially, Rs 50 crore has been earmarked by the board for the business

SBI commits Rs 75,000 cr for financing clean energy generation

County's largest public lender has a loan exposure of Rs 1.78 lakh cr in power sector including conventional energy and discoms

Bank unions want FM to step in to resolve wage hike issue

Public sector bank employee unions have threatened to go on a nationwide four-day strike beginning February 25 over the wage hike issue

Indian Bank Board nod for Govt Rs 280 cr capital infusion

Bank to hold shareholders EGM on March 23

HDFC Bank Q3 net profit up 20%, beats estimates

Gross NPA, Net NPA stable at 1% and 0.3% respectively

Bank employees to go on 4-day strike from Feb 25

Unions not happy with IBA's 13% wage hike offer

SBI to divest part of stake in life and general insurance ventures

Equity sale in companies to help get better price discovery at the time of IPO

After 20 years, Re 1 notes make a comeback

The government had discontinued priting Re 1 notes in November 1994 due to higher printing costs

Lakshmi Vilas Bank eyes Rs 38k cr business by March

The bank is targeting a credit growth of 20 per cent over last fiscal

Banks in Punjab asked to expedite seeding Aadhaar

The scheme envisages online transfer of funds into the account of beneficiaries of welfare schemes

Karur Vysya puts aggressive expansion on hold until economic climate improves

Tamil Nadu-based lender took this decision as each new branch would take one to two years to break even

The skyrocketing benefits of India's services

Service tax collections are expected to increase 830% to Rs 215,973 crore in the financial year 2014-15

ATM fraudsters get innovative

With more people coming into the banking fold, fraudsters are turning increasingly innovative. Some use complex mechanisms to launch a phishing attack; others are relying on mere chewing gum to do the

BoI turns to LIC, New India for capital

The Mumbai-based lender had made request to government to infuse Rs 1,500 cr as capital and expects to get Rs 800 cr

Consumer complaints against banks increase by 8.5 % in 2013-14: RBI

Non-observance of fair practices code by lenders & card related complaints top the list

BOI Q3 net down 70% on high wage bill, NPA provisions

Asset quality to stay under pressure in Q4

Public sector banks in a fix over selective capital infusion

Wants govt to allow them to tap markets; Govt stake in many banks over 70%