Page 559 - Finance News

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

Kazakhstan cancels PNB subsidiary's licence for failing to meet norms

PNB holds 41.64 per cent in JSC Tengri Bank, the bank said in a regulatory filing

Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil

RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue

Ind-Ra cuts banking outlook to negative on rising NPA, credit cost

As per Ind-Ra's bear case, the spike in stressed assets due to pandemic is expected to double the credit costs for banking system

NBFCs seek special fund from govt for providing 3-5 yrs term loans

Industry body says funding is currently available only for 6-18 months under various schemes

NBFCs likely to see up to 250 bps increase in delinquencies in FY21: Crisil

Non-banking financial companies (NBFCs) are likely to see up to 250 basis points (bps) increase in their delinquencies in the current fiscal, says a report

RBI gets more elbow room for bond purchases as banks return borrowed money

The Reserve Bank of India on Thursday said it would buy 100 billion rupees ($1.4 billion) of bonds from the secondary market on Sept. 24

Govt's stake divestment to be credit negative for public sector banks: Icra

The proposed divestment of the Centre's majority stake in certain PSBs will be credit negative for these lenders, ratings agency ICRA said

Divesting majority stake credit negative for PSBs leaning on govt: Icra

Their credit ratings have been primarily supported by their sovereign ownership and their stable deposit base, which again is a function of their ownership

SBI open to global partnership for resolution of stressed assets: Chairman

According to rating agency ICRA, the total quantum of the debt which can get restructured will be between Rs 6 trillion and Rs 10 trillion

Two US-based law firms file class action suits against HDFC Bank

Cite failure on bank's part to inform investors about improper internal controls on vehicle loans; outgoing MD Aditya Puri, CEO-designate Sashidhar Jagdishan among ddefendants

VC investments from China down by 66% in 2020, startups to feel the heat

China, which was ranked third on the PE/VC investments by country of investors, in 2019 fell to the sixth position in 2020

Investment in P-notes continues to soar; hits 10-month high in August

Investment through participatory notes (P-notes) in the domestic capital market surged to over Rs 74,000 crore till August-end, making it the highest level in 10 months

Divesting majority stake in PSBs will be 'credit negative' for them: Icra

Divesting majority stake in state-run lenders by the government will be "credit negative" for such public sector banks (PSBs), a domestic ratings agency warned on Thursday

Worries as NPAs under Mudra scheme rise to 5% for public sector banks

The NPAs of public sector banks (PSBs) under the Mudra scheme stood at 4.9 per cent in 2019-20 - a big jump from 3.7 per cent in 2018-19 and 3.4 per cent in 2017-18

Supreme Court to begin hearing SBI's plea against Anil Ambani today

A banker said Ambani has objected to the SBI invoking personal guarantees under the Corporate Debtors Regulations, 2019