The government borrowed around 56 per cent of the notified issue size under cash management bills, as traders demanded higher yields amid tighter liquidity conditions on Wednesday.

Govt scales down issue size of cash mgmt bill

Business Standard

Power sector lender Power Finance Corporation (PFC) on Wednesday said it had approved a proposal to launch a $1-billion private equity fund, and that this may be put in place over the next six months.

PFC approves $1-bn PE fund

Press Trust of India

Moody&rsquo;s downgrades outlook from stable to negative; overreaction, say bankers; SBI&rsquo;s NPA worries also take toll.

Sector outlook cut, bank stocks bleed

Hedges that offset those risks result in a net funded exposure of $700 million, the New York-based company said in a quarterly filing with the Securities and Exchange Commission on Wednesday.

Goldman has $2.3-bn 'funded' credit exposure to Italy

The board of directors of Power Finance Corporation Ltd (PFC) has given an approval to a proposal to launch private equity fund for the power sector with a target of the total fund size of US $ 1 billion (approx. Rs 4,948 crore).

PFC gets Board nod to launch PE Fund

State Bank of India (SBI), the country's largest lender, reported a net profit of Rs 2,810 crore for the quarter ended September 30, a 12 per cent rise compared with the Rs 2,501-crore net profit in the year-ago period.

SBI net rises 12% asset woes hammer stock

Non-banking financial companies (NBFCs) have seen a significant improvement in handling of assets, even in the high interest-rate regime, according to the quarterly results&rsquo; numbers.

Non-banking entities handle bad loans better

With a view to avoid inconvenience to taxpayers, a total of 926 branches of public and private sector banks in the Mumbai and Navi Mumbai areas have been authorised to receive advance income tax.

926 private, PSU bank branches to collect advance tax

Small Industries Development Bank of India (Sidbi) has expressed concern over possible rise in Non Performing Assets (NPA) in current financial year following a general slowdown in the global economy and rising interest rates.

Sidbi concerned over possible rise in NPAs

Breather likely for bank stocks but sector to remain in sharp focus.

S&P differs with Moody's, upgrades banking sector

Banks have started reducing the sale of bad loans to asset reconstruction companies, despite a rise in non-performing assets in the current financial year. The lenders are instead, focusing on strengthening their recovery teams to collect the dues.

Banks prefer in-house recovery teams

UBS AG&rsquo;s head of operations (India), Manisha Girotra has resigned from the bank to pursue her own business venture. The lender has named Aashish Kamat as the new head of its India business.

UBS India head Girotra resigns

Almost a year after launching its Rs 1,000-crore domestic fund, ICICI Venture, one of the largest private equity firms in the country, raised Rs 200 crore last week, according to sources privy to the development.

ICICI Venture raises Rs 200 cr

With increased concerns on asset quality amid high lending rates, banks are opting to invest in commercial paper (CP) issued by companies rather than extending short-term credit.

Banks currently prefer CP over short-term credit 

Policymakers have lost control of the economic crisis and financial markets are forcing the world into a depression, George Soros said on Friday, urging Europe to create a common Treasury, recapitalise its banks and protect vulnerable states.

Three steps to avoid a global depression: Soros

Reuters 

Banks advances in the sectors like non-banking financial companies (NBFCs), industry, personal loans and services continues to remain robust in August, according to latest data released by the Reserve Bank of India.

Aug bank advances to NBFCs, industry 'robust'

A surge in the yields on government securities in the last two working days of the current quarter will mean that the banks will now face the possibility of incurring mark-to-market losses on their investment, experts said on Friday.

Banks may incur MTM losses as yields shoot on higher borrowing

&ldquo;The claims were related to the charges, finances and disputed transactions,&rdquo; M Sebastian, banking ombudsman (AP), Reserve Bank of India, told mediapersons here on Friday.

Credit, debit card complaints dip 26% in AP

Denmark&rsquo;s central bank said it will provide as much as 400 billion kroner ($72.6 billion) as part of an extended collateral program to provide emergency liquidity to the country&rsquo;s banks.

Denmark to extend $72.6-bn collaterals to banks

Treasuries advanced in the third quarter the most since the depths of the financial crisis in 2008, as Europe&rsquo;s sovereign-debt crisis and a sluggish US economy spurred demand for the world&rsquo;s safest assets.

Treasuries rally most since 2008 on European crisis

The government plans a whopping Rs 2 lakh crore capital infusion into the state-owned banks spread over 10 years, to help them meet fund requirement and comply with the Basel-III capital adequacy norms.

Govt to infuse Rs 2 lakh cr into banks by 2020

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