Page 499 - Finance News
Bank frauds on the rise under Modi government, alleges Congress
The Congress on Monday alleged that banking frauds have risen under the Modi government and accused it of allowing the fraudsters to either continue functioning in the country or leave.
 "Bank frauds on the rise under Modi government, alleges Congress")
PNB HFC raising up to Rs 4,000 cr in equity; Carlyle group among investors
Aditya Puri, former CEO of HDFC Bank will also infuse capital transactions.
 "PNB HFC raising up to Rs 4,000 cr in equity; Carlyle group among investors")
Rally lures HDFC Bank to do 'whatever it takes' to make more equity deals
HDFC Bank ranked number 16 for overall equity deals business last year, and number 29 in 2019, according to Bloomberg.
 "Rally lures HDFC Bank to do 'whatever it takes' to make more equity deals")
RBI's status quo policy may revolve around Covid-19 pandemic measures
RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement
 "RBI's status quo policy may revolve around Covid-19 pandemic measures")
PSU banks to follow template with three loan buckets for recast 2.0
Lenders come out with standardised products to help mitigate Covid crisis
 "PSU banks to follow template with three loan buckets for recast 2.0")
Covid-19 second wave hits PSBs collection in May: Indian Bank Association
Indian Banks Association (IBA) Chairman Rajkiran Rai on Sunday said that the second wave of COVID-19 has impacted the collections of Public Sector Banks (PSBs) in the month of May.
 "Covid-19 second wave hits PSBs collection in May: Indian Bank Association")
State Bank of India raises cash withdrawal limits at non-home branches
State Bank of India has increased the cash withdrawal limits through cheques and withdrawal forms for its customers at non-home branches
 "State Bank of India raises cash withdrawal limits at non-home branches")
Banks have room to lend Rs 45,000 cr more under ECLGC scheme: IBA CEO
As the government enhanced the scope of the Rs 3 trillion Emergency Credit Line Guarantee Scheme (ECLGS), banks on Sunday said they have sanctioned Rs 2.54 trillion
Covid-19: Banks begin process of restructuring of loans up to Rs 25 cr
Banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the Covid-19 relief measures announced by the Reserve Bank earlier this month
SBI, HDFC Bank move SC against RBI directive to provide data under RTI act
The two largest banks of India feared that such a directive could be detrimental to their business operations and compromise the confidentiality of customer information
 "SBI, HDFC Bank move SC against RBI directive to provide data under RTI act")
Banks to sell Mallya's UBL shares worth Rs 5,500 cr after PMLA court nod
SBI in talks with SBI Caps to sell shares via block deals
 "Banks to sell Mallya's UBL shares worth Rs 5,500 cr after PMLA court nod")
UCO Bank aims 7-10% growth in FY22, allots shares to government
City-based UCO Bank on Friday said it was aiming at a growth of 7-10 per cent in the current fiscal amid the second round of restructuring guidelines from the regulator due to the second wave of COVID-19 disruptions.
 "UCO Bank aims 7-10% growth in FY22, allots shares to government")
Canara Bank's board approves plan to raise up to Rs 9,000 crore in FY22
The bank had raised Rs 2,000 crore through another QIP in December 2020.
 "Canara Bank's board approves plan to raise up to Rs 9,000 crore in FY22")
RBI slaps Rs 10 cr fine on HDFC Bank over violations in auto loan portfolio
The RBI acted on the matter after it received a whistleblower complaint regarding the irregularities in the auto loan portfolio of the bank
 "RBI slaps Rs 10 cr fine on HDFC Bank over violations in auto loan portfolio")
UCO Bank allots 203 cr preferential shares to govt for capital infusion
UCO Bank on Friday said it has allotted over 203 crore preferential shares to the government in lieu of Rs 2,600 crore capital infusion for 2020-21.
Bank credit growth decelerates to 5.6% in March from 6.4% last year
The central bank further said aggregate deposits growth accelerated to 12.3 per cent in March 2021 from 9.5 per cent a year ago.
 "Bank credit growth decelerates to 5.6% in March from 6.4% last year")
Standard and Poors affirms BB/B ratings on IDBI Bank with negative outlook
S&P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank
 "Standard and Poors affirms BB/B ratings on IDBI Bank with negative outlook")
S&P Global Ratings affirms BB/B ratings on IDBI Bank with negative outlook
S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank
Northern Arc completes Rs 350 cr MLD for Shriram Transport Finance
Northern Arc says it is focusing on the financing of Used CVs.
 "Northern Arc completes Rs 350 cr MLD for Shriram Transport Finance")
Canara Bank announces 3 loan schemes amid fight against coronavirus
State-run Canara Bank on Friday announced three loan schemes as part of the fight against the pandemic under which it will offer healthcare credit, business and personal loan to individuals
 "Canara Bank announces 3 loan schemes amid fight against coronavirus")