Page 516 - Finance News

Banking services hit in Punjab, Haryana as unions protest privatisation

Employees under the aegis of the United Forum of Bank Unions went on a two-day countrywide strike

Nationwide bank strike: Cheques worth Rs 16,500 crore stuck

A nationwide strike called by the United Forum of Bank Union in protest against privatisation of the government banks has begun

PSB bank services hit in Bengal as unions protest against privatisation

Banking operations were severely hit in West Bengal on Monday

Nationwide strike impacts banking services of public sector banks

Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the UFBU have gone on a nationwide strike

Axis Bank to acquire 9.9% stake in Max Bupa Health's promoter entity

Max Bupa Health Insurance is as a joint venture between private equity group True North and Bupa.

Bank credit is seen growing by 400-500 bps to 9-10% in FY22: Report

In absolute terms, net credit was up Rs 2.3 trillion in the first nine months of the current fiscal year.

Bank operations may be hit on Mon, Tue due to nationwide unions' strike

United Forum of Bank Unions (UFBU) has given a call for a nationwide strike to protest against the proposed privatisation of two state-owned lenders

Resolution of bad loans may face logjam if IBC not streamlined: Experts

Few will go on record explicitly, but there is the fear that there will be a logjam ahead on the IBC front.

Bank credit grows by 6.36% while deposits jump by 11.41%: RBI data

The numbers are up to the fortnight ended January 15

Seven merged banks to see cheque book changes from April 1

The banks affected by these changes are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.

Emerging markets bank support robust despite resolution regimes: Fitch

Government support for banks in emerging markets is unlikely to weaken materially despite greater adoption of bank resolution regimes, Fitch Ratings has said

Finance ministry asks Sebi to revoke 100-year maturity rule on AT1 bonds

Revised norms to treat all perpetual bonds as 100-year tenor to be withdrawn

Low premiums on parts of Indian credit prompt calls for RBI help

Spreads on five- and 10-yr rupee corporate bonds diverging

Maintain separate category for Covid-19 moratorium seekers: RBI to banks

Step will help banks, financial institutions separate regular debt restructuring and those availed due to the pandemic

FinMin to soon infuse Rs 14,500 cr in banks under PCA: Report

Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them, including on lending, management compensation and directors' fees

Microfinance loans grow 1.18% sequentially in Dec 2020: CRIF

Disbursements are rising but repayments stress remains, says the credit bureau

Winners' curse: Top bosses at PSBs see their term ending much before time

Govt has appointed 14 EDs at public-sector banks; their performance will be reviewed after three years for a two-year extension

With no PCA overhang, IDBI Bank expects to grow loans at 8%-10% in FY22

Corporate credit back on the lender's agenda; RBI to review the lender's performance each quarter for 1 year

SBI to conduct e-auctions of 12 bad accounts this month to recover dues

SBI will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism

Google Pay to give users greater control over financial data, says company

Starting next week, the Google Pay app settings will provide users with more controls to decide how their Google Pay activity is used to personalise features within the app