Page 517 - Finance News

Government-owned bad bank is more capital efficient: Report

A brokerage has called for government ownership, saying state-funding is more capital efficient

Bank employees to go on nationwide strike from March 15-16

The near 10 lakh bank employees are protesting against govt's decision to privatise a few state-owned banks

Top headlines: Bharat Biotech's Covaxin off trial, IDBI Bank out of PCA

Saudi Aramco's $44-billion refinery project at Nanar in Ratnagiri has become a bone of contention between the Maharashtra government and the Centre

RBI takes IDBI Bank out of PCA framework after lender improves finances

IDBI Bank has been under the PCA framework since 2017 because of the deterioration in its health

Cabinet approves amendment to Insurance Act, paving way for 74% FDI limit

The increase of the FDI limit will provide insurance companies with committed funds to improve the penetration of insurance in the country, says an industry executive

Cyber security critical for digital banking success: SBI official

Cyber security is critical for the success of digital banking and banks should create the infrastructure to win customers' trust for all such transactions, a senior SBI official said on Wednesday

Imran Amin Siddiqui appointed as ED of Indian Bank

He has been appointed for a period of three years

RBI takes IDBI Bank out of PCA framework, subject to certain conditions

Board for Financial Supervision (BFS) found IDBI Bank not in breach of PCA parameters on capital, Net NPA and Leverage Ratio

Lenders 'can't be asleep', must suffer compensation cut for bad loans: CEA

Ever-greening and zombie loans lead to sub-optimal capital allocation, says Chief Economic Advisor.

Reserve Bank loosens grip on yields at auction to leave traders guessing

RBI sold some of 10-year debt at 6.22 per cent on Friday, compared with about 6 per cent in previous auctions

PMC Bank suitors face additional capital rider; RBI board meet on March 19

Rs 750 cr needed to enable payout of over Rs 5 lakh per depositor

Microfinance loan portfolio stands at Rs 2,32,648 cr as of Dec-end: Report

The microfinance industry's gross loan portfolio (GLP) grew 10.1 per cent to Rs 2,32,648 crore as on December 31, 2020

Indian banks' modest recovery faces challenges from Covid-19 stress: Fitch

The impact of Covid-19 pandemic is likely to pose challenges to improving financial performance of Indian banks, the report said

Covid-19 pandemic impact will pose challenge to Indian banks in FY22: Fitch

Indian banks, particularly state banks, remained more risk-averse than in prior years, which was reflected in their weak credit growth

Data sharing, cybersecurity top concerns for banks, customers: Deloitte

Data sharing, cybersecurity and data protection have emerged as the top concern areas for the banks as well as customers, the report said

Indian Bank to divest stake in asset reconstruction JV ASREC India

State-owned Indian Bank on Friday said it will divest stake in joint venture entity ASREC (India) Ltd as part of asset monetisation exercise.

ICICI Bank reduces home loan rates to 6.7% effective immediately

However, customers can only avail of this benefit up to the end of this month (March 31, 2021)

Indian Bank to monetise non-core assets, divest stake in ASREC (India)

ASERC acquires NPAs from banks and financial institutions at mutually agreed prices with the aim of maximising returns through innovative resolution strategies

PNB Housing Finance, Yes Bank sign strategic co-lending pact home loans

PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates

RBI's policy responses to support economy weren't very impactful: Study

At best, the RBI stopped a sharp spike such as the one witnessed after the global financial crisis