Page 548 - Finance News

Singapore, HK top destinations for suspect funds; China and India follow

Banks involved in suspec transactions are among global firms that profited from 'powerful and dangerous players', says report.

Rajya Sabha passes Banking Regulation (Amendment) Bill, 2020

The Rajya Sabha passed the Banking Regulation (Amendment) Bill 2020 through a voice vote on Tuesday

SBI launches e-facility to check eligibility for retail loans restructuring

Reserve Bank of India had announced a one-time restructuring scheme for personal loan and corporate borrowers affected by Covid-19 stress

IDBI Bank to raise Rs 11,000 cr through QIP; six merchant bankers appointed

Six merchant bankers appointed; LIC may abstain, but committed to retaining stake at 51% for the next two years

On the same page: Rajan, Acharya suggest 'bad bank' for distressed assets

According to the paper, private asset management and national asset management ''bad banks'' should be encouraged in parallel to the online platform for distressed loan sales

FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

HDFC Bank denies charges, says will vigorously fight US class action suits

Lender expects its response to be due in early 2021, says there is no matter currently that requires disclosure

State Bank of India raises Rs 7,000 cr via Basel III compliant bonds

The bonds qualify as tier II capital of the bank, and has face value of Rs 10 lakh each, bearing coupon rate of 6.24 per cent per annum payable annually for a tenor of 10 years, it said

Lending platform mPokket to disburse instant loans of Rs 1,200 cr in FY21

Borrowers can avail loans of up to Rs 30,000, with the amount being instantly credited to the user's bank account or digital wallet, the company said

Retail customers yet to approach us in big numbers for loan recast: SBI MD

SBI has launched a portal for retail customers to check eligibility for personal loan restructuring

New external MPC members to be announced by Sept 28; extension ruled out

After exploring the possibilities, a decision has been taken to appoint a fresh team of external members, a senior finance ministry official said

BBB recommends 13 names for appointment as executive directors in PSU banks

The Banks Board Bureau (BBB) has recommended to the government names of 13 general managers of various public sector banks (PSBs) for appointment as executive directors

Troubled debt: Cracks emerge in India Inc's loan recast plans over ICAs

Private banks may prefer to make extra 20% provisioning and walk out

DHFL asset sale may get further delayed over 'Bandra Book Entities' report

The report said siphoning off funds by the company was going on since 2006-07 via 91 fictitious entities operating from a Bandra branch

Bank of India gets shareholders' approval to raise Rs 8,000 crore

Shareholders approved the fund raising plan at the extra-ordinary general meeting (EGM) held on Saturday (September 19, 2020), Bank of India said in a regulatory filing

Banks not asked by RBI to raise capital to brace for possible NPAs: Thakur

RBI Governor at an event in July had advised that banks need to raise capital on anticipatory basis to build up adequate capital buffers to mitigate risks arising out of coronavirus outbreak

PSBs report 2,867 cases of frauds worth Rs 19,964 cr in April-June qtr: RBI

Of the 12 PSBs, SBI reported the maximum 2,050 fraud cases involving Rs 2,325.88 crore during April-June 2020

Bank of India shareholders approve Rs 8,000-cr fundraising via various modes

State-owned Bank of India on Saturday said it has received shareholders' nod for raising up to Rs 8,000 crore through various modes, including issue of equity shares

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

Shadow banks want govt to create a special fund for 3-5 year loans

The tenure of refinancing should be increased to at least 36 months for a healthy asset-liability profile, said the lobby group for NBFCs