Page 540 - Finance News

Companies raise over Rs 73,000 cr from capital markets in October

Rs 62,331 crore was mopped up from private placement of debt securities

SBI to boost retail loan book, sees earnings improving

SBI's bad loan ratio fell to 5.28 per cent at the end of September from 5.44 per cent three months earlier

The holding company model for PSBs is an idea whose time has come

The idea of a financial holding company first found favour in the Shyamala Gopinath-led working group's 2011 report and was later fleshed out by the PJ Nayak Committee

Tax dept allows revision of declarations under 'Vivad Se Vishwas' scheme

Declarations under the direct tax dispute resolution scheme 'Vivad Se Vishwas' can be revised till the time tax authorities issue certificate mentioning details of tax arrear and the amount payable

Shopping for money: Private banks had highest WALR in Jan-Sep 2020

Private banks have possibly been lending mainly to lower-rated companies

More pincer moves: Shadow banks may soon be governed by regulatory regime

The smaller and lower-rated NBFCs (AA-rated or the unrated) have been shunned by both banks and markets

PNB to hold roadshow for proposed Rs 7,000 crore QIP next week

Punjab National Bank said it will hold a roadshow for the proposed Rs 7,000 crore qualified institutional placement (QIP) issue next week

Covid impact: Reserve Bank asks banks not to declare dividend for FY 20

The RBI has asked banks to conserve capital and not make any dividend payments for financial year 2020

BBB recommends S Ramann for post of SIDBI chairman & managing director

The members of the Banks Board Bureau interviewed 20 candidates on December 4 and 5, 2020 for the vacancy of chairman and managing director (CMD) of Small Industries Development Bank of India (SIDBI)

You cannot put lakhs in difficulty for hours: RBI governor on HDFC Bank

Central bank, which yesterday pulled up HDFC Bank for multiple outages of its digital services, is checking why SBI's YONO application went down.

RBI eases banking and document handling procedures for exporters

Moves come as a major relief to a sector that is struggling to recovery from the impact of Covid-19

RBI to adopt scale-based regulatory framework for NBFCs, set audit norms

Banking regulator to also prescribe dividend distribution norms

Competition Commission to study ownership patterns of PE investors

CCI wants to gauge the 'common underlying incentive and motivations' of a private equity player behind PE investments

US, Norwegian investors pressure SBI over loan to Adani mine in Australia

Officials from New York-based BlackRock Inc. and Norway's Storebrand ASA have contacted the State Bank of India, which is majority-owned by the Indian government, about the loan.

A no-action monetary policy buys time for growth

The job of breaking the back of inflation is left to the government's proactive supply management strategies, for now

Suggestion to allow corporates in banking not RBI's view: Governor Das

RBI's Internal Working Group's (IWG) suggestion to allow corporates into banking has received sharp criticism from experts

Initial response looks 'positive' for PMC Bank resolution: RBI Governor

The last date for submission of EoI by potential investors is December 15.

RBI holds rates over inflation, assures ample liquity for stressed sectors

Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based

High inflation amid muted GDP forecast could be a party pooper for markets

Given the RBI's projection on inflation, we may not see any further cut rate at least till mid-March 2021. It may also get postponed to next fiscal year

RBI Monetary policy LIVE: FY21 GDP contraction outlook revised to 7.5%

RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates