Page 562 - Finance News

Rs 10 trillion, or 8%, of loans will get recast under new framework: Icra

The RBI has operationalised guidelines based on K V Kamath-led panel's recommendations, which give relief to 26 listed sectors affected by the pandemic

Banks going to be catalysts of revival, says FM Nirmala Sitharaman

"At this stage, the catalysts for economic revival, the catalysts who have the pulse of every one of their customers, are banks," the finance minister said

Sitharaman launches doorstep banking initiative by public sector banks

Finance Minister Nirmala Sitharaman on Wednesday launched a doorstep banking services initiative by public sector banks (PSBs) which will provide convenience to customers.

HLFL in talks to raise up to $100 million to support growth: Sachin Pillai

"A full-fledged turnaround should be in place by the end of the last quarter or spilling over to the next FY," said Sachin Pillai, Managing Director & Chief Executive Officer, HLFL

Collection efficiency spikes in NBFCs, hopes of normalcy by Diwali: Report

NBFCs have ramped-up their collection infrastructure aggressively and growth is visible across product segments, a report by Motilal Oswal said

SBI raises Rs 4,000 crore through Basel III compliant debt instruments

The country's largest lender State Bank of India (SBI) on Wednesday said it has raised Rs 4,000 crore through the issuance of Basel III compliant debt instruments

As rates nosedive, NBFCs swarm CP markets to raise ultra-cheap funds

In August, the non-banking sector raised Rs 98,742 crore through the commercial paper route, which is the same amount they had raised between April to July

Focusing only on retail may not be prudent for banks currently: SBI MD

At a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this category of loans, a top banker said

5-8% of overall loans will get restructured under new framework: Icra

Banks and non-bank lenders will restructure up to Rs 10 lakh crore in debt or 8 per cent of outstanding loans under the one-time restructuring scheme announced by RBI, domestic rating agency Icra said

RBI constructing e-payment index to assess extent of digitisation: Official

RBI is in the process of constructing a digital payment index to assess the extent of digitisation in the country and innovation in existing modes and channels to bridge digital divide

Kamath panel recommendations: 1,027 listed firms eligible for debt recast

These exclude banks, insurers, and NBFC

Loan recast: Things should be back on track in 2 years, says K V Kamath

In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator

'Sufficient comfort': State-owned lenders back RBI loan restructuring norms

Loan recast ratio guidelines will ensure strong companies make use of the restructuring window, says one executive

Investors should go beyond banks' headline numbers, dig deeper after recast

While corporate loans shall be restructured, retail and SME loans are at lenders' discretion

Kamath panel better than CDR, but may delay identifying stress: Experts

The K V Kamath panel's loan recast recommendations are better than CDR mechanism, but these may result in banks postponing recognition of stress through short-term relief, analysts said

Kamath Panel's 5 key ratios may make loan recast hard for small metal firms

Experts say a one-size-fits-all solution works against medium and small players in the ferrous and non-ferrous space

72% loans affected due to Covid-19, economic recovery improving: K V Kamath

Speaking about the loan restructuring, the chairman said that there will be complications, but "sure that bankers will take a considered decision to reach an equitable proposal"

State Bank of India prices riskiest capital securities at record-low cost

SBI will sell Rs 4,000 crore ($545 million) of the so-called Additional Tier 1 bonds at a coupon of 7.74 per cent

RBI announces OMO for sale, purchase of govt securities of Rs 10,000 cr

RBI will conduct simultaneous purchase and sale of government securities under the Open Market Operation (OMO) for Rs 10,000 crore each on September 10, the central bank said on Monday

HDFC's all-time low core valuations offer an interesting proposition

Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments