Page 518 - Finance News

Indian Bank reports 3 NPA accounts worth over Rs 35 cr as fraud to RBI

Indian Bank on Thursday reported three accounts as fraud to the RBI with total outstanding of over Rs 35 crore

A few things the RBI should be mindful of before issuing own bonds

Another discretionary tool to manage liquidity may be a timely one

State-run banks likely to see bad loan additions moderate: Morgan Stanley

Structural issues, however, could cap returns on their stocks, Morgan Stanley said

Explained: What is NUE licence for retail payments and who's interested?

Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments

Extreme weather events put $84 billion of Indian bank debt at risk

Banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed effects of cyclones and floods on loan repayments in farming and related sectors

Bank of Baroda raises Rs 4,500 cr through Qualified Institutional Placement

The committee in its meeting last week had approved raising up to Rs 4,500 crore through an issue of equity shares through QIP

HDFC cuts key interest rate on home loans by 5 bps from March 4

The announcement comes close on the heels of SBI reducing interest rates on home loans

US President Joe Biden's SEC nominee vows review of GameStop trading issues

As many as 98.78 per cent votes were cast in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities, Yes Bank said in a regulatory filing

Yes Bank get majority vote of shareholders for Rs 10,000 cr fund mop-up

Yes Bank on Tuesday said its shareholders have approved a proposal for raising Rs 10,000 crore capital with the requisite majority.

Indian Bank seeks shareholders nod for Rs 4,000 cr equity capital raise

As of now, government as the promoter of the bank holds 88.06 per cent in the Chennai-headquartered Indian Bank

RBI restricting banks from raising stakes in insurance firms: Report

The RBI wants banks to focus on their main areas of business instead of locking away capital in non-core sectors

IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit

The lender is in a better shape and the current capital base is adequate and could support growth in the next financial year

Top headlines: Cayman grey tag may hurt FPI, Telcos bid in spectrum auction

India's market regulator suggested a "dual approval" process for the appointment and removal of independent directors. Read top stories with Business Standard

IDBI Bank to set off accumulated losses worth Rs 45,586-crore

The issued, subscribed and paid-up share capital is worth Rs 10,752.40 crore and the security premium is of Rs 50,732.27 crore.

Bank credit to rise 9-10% in FY22 on budget support, RBI measures: Crisil

Despite bank credit contracting by 0.8 per cent in the first half of the current fiscal (H1FY21), the rating agency expects it to rise by 4-5 per cent at the end of the current fiscal (FY21)

SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score

Sanctions loans worth Rs one trillion till date in FY21

Wall Street won't intimidate retail giant Walmart this time around

Walmart announced in January that it formed a partnership with Ribbit Capital to create a new financial technology startup

SBI reduces home loan interest rates to 6.7%

SBI home loan interest rates start from 6.7% for loans up to Rs 75 lakh and 6.75% above Rs 75 lakh; the lender is also offering 100% waiver on processing fees

After the moratorium: Booster dose for the IBC

The Reserve Bank of India's (RBI's) Financial Stability Report indicates an escalation of gross non-performing assets to 14.8 per cent

Statsguru: Bond market pressure is getting reflected in the stock market

Bond markets are showing signs of nervousness, and yields on the 10-year government bonds are on the rise