Page 543 - Finance News
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
 "Govt approves LVB merger with DBS, say will fix blame for lender's failure")
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
 "More policy space can be created only when inflation eases, says MPC member")
Why few NBFCs want to become banks despite RBI's new recommendations
Cost of doing business, regulatory arbitrage, customer profile key parameters
 "Why few NBFCs want to become banks despite RBI's new recommendations")
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
 "RBI rejects Muthoot Finance's plan to buy IDBI AMC over lack of consonance")
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
 "Realty lending by FIs drops sharply in last one year due to pandemic")
Good performance masks problem assets for Indian banks, says S&P
Tough for banks to keep NPA levels low in future
 "Good performance masks problem assets for Indian banks, says S&P")
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
 "Explained: What justified the delisting of Lakshmi Vilas Bank's shares")
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
 "Proposed corporate ownership of Indian banks poses high risks, says S&P")
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
 "Rajan, Viral Acharya rip apart RBI over bank licences for large corporates")
AU Small Finance Bank sells Aavas Financiers' shares worth Rs 530 crore
The value of these shares, at Rs 1,515.2 apiece is Rs 530.3 crore, as per data from the exchange
 "AU Small Finance Bank sells Aavas Financiers' shares worth Rs 530 crore")
CPI objects to LVB merger with DBS Bank, asks what's the tearing hurry
Party General Secy D Rajan wants the ailing lender to be merged with a PSU bank instead, says this has been done in many cases in the past
 "CPI objects to LVB merger with DBS Bank, asks what's the tearing hurry")
Will India's banking system go from being state-dominated to tycoon-led?
From the conditional nature of recommendation by RBI on ownership of private-sector banks, it doesn't appear that the regulator will soon reverse its policy of keeping conglomerates away from banking
 "Will India's banking system go from being state-dominated to tycoon-led?")
On a new voyage: Why banks are scaling down their global ambitions
The heady days of setting up shop abroad by banks are over, and a nuanced and tech-based approach will be the way ahead, report Abhijit Lele and Raghu Mohan
Early implementation of RBI panel proposals will give us time to list: SFBs
The steps mooted by the RBI's internal working group headed by P K Mohanty may not impact regulations concerning SFBs in the short term
 "Early implementation of RBI panel proposals will give us time to list: SFBs")
We are not a conventional payments company: AGS Transaction's Ravi B Goyal
Ravi B Goyal, founder-chairman and managing director of AGS Transaction Technologies, spoke to Raghu Mohan
 "We are not a conventional payments company: AGS Transaction's Ravi B Goyal")
Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence
A top Tata group official said the group is really interested in getting into banking but it is too early to elaborate as only recommendations are out and work is in nascent stage
 "Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence")
Lakshmi Vilas Bank aims to recover Rs 500 crore over the next 4-5 months
The bank's asset quality deteriorated as the gross non-performing assets (NPAs) moved up at 24.45 per cent of the gross advances by the end of Q2 FY21
RBI panel's suggestion 'rightfully' puts greater onus on promoters: Hinduja
Applauding RBI's recommendation to increase the shareholding of bank's promoters in the bank, Ashok Hinduja said it rightfully puts a greater onus on the promoter-shareholders to exercise oversight
 "RBI panel's suggestion 'rightfully' puts greater onus on promoters: Hinduja")
Make informed calls, shun false promises: Tyagi ahead of Investors Meet
As Sebi prepares to spearhead World Investors Week, Chairman Ajay Tyagi said there is a need for new investors to take informed investment decisions without getting lured by false promises
 "Make informed calls, shun false promises: Tyagi ahead of Investors Meet")
IOB expects resolution of NPAs worth Rs 18,000 cr in 2nd half of FY21
On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March.