Page 1209 - Finance News
SBM net profit up 44% to Rs 75 crore in Q1
The bank plans to raise Rs 500 crore through a rights issue to augment Tier-I capital during the Q3
 "SBM net profit up 44% to Rs 75 crore in Q1")
Vijaya Bank net up 21.9% to Rs 161.46 crore in Q1
The Bank plans to raise Rs 600 capital under Tier-I and Rs 500 crore under Tier-II
 "Vijaya Bank net up 21.9% to Rs 161.46 crore in Q1")
Bank of Baroda net profit rises 17% to Rs 1,362 crore
Healthy interest income helps the PSU bank beat market expectations
 "Bank of Baroda net profit rises 17% to Rs 1,362 crore")
Over Rs 3,350-cr worth NPAs with Union Bank of India
The bank, however, declined to share the names of the defaulters citing 'commercial confidence'
 "Over Rs 3,350-cr worth NPAs with Union Bank of India")
RBI cancels licenses of six Delhi-based NBFCs
However, the central bank did not provide any reasons for the cancellation of certificate of registration
 "RBI cancels licenses of six Delhi-based NBFCs")
No proposal for merger of United Bank with IDBI Bank
No negotiations are taking place for the merger of the bank with any other bank: United Bank
 "No proposal for merger of United Bank with IDBI Bank")
Central Bank to sell 4% stake to LIC for Rs 581 cr
Will help meet the bank's capital requirement of Rs 2,000 crore this fiscal
 "Central Bank to sell 4% stake to LIC for Rs 581 cr")
Exim Bank wants RBI to hike its leverage ratio by 50%
Currently, RBI allows the Exim Bank to leverage only 10 times of its net-owned funds, which it wants to be hiked to at least 15 times
 "Exim Bank wants RBI to hike its leverage ratio by 50%")
Banks not allowed to trade in bonds for infra lending: RBI
Central bank would prefer that these bonds for infra lending attract investors from outside the banking sector
 "Banks not allowed to trade in bonds for infra lending: RBI")
 "RBI fines 12 banks in DCHL loan default case")
 "Profitability of PSBs under stress")
 "New 10-year bond priced at 8.4% coupon rate")
Bank of India to raise Rs 2,500 cr
The tenure of the bonds is 10 years with a call option at the end of the 10th year
 "Bank of India to raise Rs 2,500 cr")
ICICI Bank may raise Rs 1,000 cr via infra bonds
The lender is planning to issue 10-year bonds worth Rs 500 cr with an equal over-allotment option, people familiar with the development
 "ICICI Bank may raise Rs 1,000 cr via infra bonds")
State-run banks' profitability remains under stress
Rise in bad loans, higher provisioning and loss on sale of investments have dragged down their earnings growth
 "State-run banks' profitability remains under stress")
ICICI Bank to raise at least Rs 500 cr in bonds for infra lending
The deal could be expanded via a greenshoe option, say sources
PNB Q1 net up 10% at Rs 1,405 crore
Asset quality worsens, gross NPAs rise to 5.48% from 5.25% q-o-q
 "PNB Q1 net up 10% at Rs 1,405 crore")
RBI likely to maintain status quo in August policy: SBI chief
Says for the current fiscal, the bank has not taken a decision on how much to raise
 "RBI likely to maintain status quo in August policy: SBI chief")
 "H R Khan for banks' freedom to plan financial inclusion")
Sub-investment grade firms in dollar rush
Greenko, Rolta & Global Cloud Xchange lead way in tapping foreign bond market; bankers say mid-sized firms to raise $4 bn in a few months
 "Sub-investment grade firms in dollar rush")