Page 542 - Finance News

Bankers hope retail, SME segment will sustain credit offtake in H2

Easing of slippage risk seen as GDP contraction narrows

Madras HC refuses to stay LVB-DBS Bank merger, adjourns AUM Capital plea

Division bench says merger has already come to operation, Centre and RBI are free to proceed as per the scheme

Small lenders to pay the price as RBI writes off debt of Lakshmi Vilas Bank

The Reserve Bank of India on late Thursday said Rs 3.18 billion of Tier 2 bonds of Lakshmi Vilas Bank Ltd. will be fully written down as DBS Group Holdings Ltd

NPAs in real estate will inch up in short term before settling: Keki Mistry

Mistry said markets at present are distinguishing between strong property developers and weaker developers unlike in the past

Lakshmi Vilas Bank's Rs 318.2 cr worth of Tier-II bonds to be written down

The move is part of steps to absorb non-performing assets before LVB's amalgamation with DBS Bank

Economic recovery stronger than expected: RBI governor Shaktikanta Das

The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth

Liquidity glut, ultra low rates may prompt RBI to change course soon

Some banks are even giving 10-15-year term loans at below bond market rates. There is no avenue to deploy the excess liquidity otherwise

Cheques worth Rs 18,000 cr not sent for clearance due to strike: AIBEA

Apart from AIBEA, other bank unions - AIBOA, BEFI, INBEF, AIRBEA, AIRBWF, Unions in RRBs, Unions in co-operative banks also joined the strike

Some banks extending long-term loans below bond market rates, warns SBI

It's time the RBI allowed the rupee to appreciate, says an SBI Research report

Union Bank of India plans to raise up to Rs 6,800 cr to fund biz growth

State-owned Union Bank of India on Wednesday said it proposes to raise up to Rs 6,800 crore during this fiscal to fund business growth.

Feeling lucky? Bitcoiners who missed rally express relief and regret

"Honestly I've had more luck in Vegas than I've had with cryptocurrencies," said one of the investor

Govt approves LVB merger with DBS, say will fix blame for lender's failure

The Reserve Bank of India (RBI) took control of LVB on November 15 due to a 'serious deterioration' in its finances and temporarily capped withdrawals

More policy space can be created only when inflation eases, says MPC member

Inflation is being driven by supply-side problems and is likely to stay elevated for a while, Mridul Saggar said

Why few NBFCs want to become banks despite RBI's new recommendations

Cost of doing business, regulatory arbitrage, customer profile key parameters

RBI rejects Muthoot Finance's plan to buy IDBI AMC over lack of consonance

The kerala-based gold loan NBFC had signed a deal to acquire IDBI Asset Management Ltd and IDBI MF Trustee Company Ltd in November 2019, for about Rs 215 cr

Realty lending by FIs drops sharply in last one year due to pandemic

Lending rates have come down by 100 basis points for term loans and to lower extent for other loans, says Propstack data

Good performance masks problem assets for Indian banks, says S&P

Tough for banks to keep NPA levels low in future

Explained: What justified the delisting of Lakshmi Vilas Bank's shares

At Rs 8 a share, LVB stock price has almost halved since the merger announcement

Proposed corporate ownership of Indian banks poses high risks, says S&P

Pointing to the upside from proposed norms, the agency said recommendation to harmonise licensing guidelines for all banks, new and old, will help restore a level playing field for all players

Rajan, Viral Acharya rip apart RBI over bank licences for large corporates

The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending